10 ‘pitiful and patronizing excuses’ that FTSE businesses gave to keep women out of the boardroom

10 ‘pitiful and patronizing excuses’ that FTSE businesses gave to keep women out of the boardroom

Conservative politician and U.K. government minister Ian Duncan dubbed the excuses “shocking and pathetic,” while Amanda Mackenzie, CEO of responsible business organization Business in the Community, said that “you might think it’s 1918, not 2018. It (the list) reads like a script from a comedy parody, but it’s true.” However, Mackenzie remained optimistic that a […]

US consumer spending accelerates; job market strengthening

WASHINGTON (Reuters) – U.S. consumer spending posted its biggest gain in five months in April, a further sign that economic growth was regaining momentum early in the second quarter, while inflation continued to rise steadily. FILE PHOTO: A cashier counts out money at Macy’s Herald Square in New York, U.S., November 28, 2013. REUTERS/Eric Thayer/File […]

Deutsche Bank’s US Operations Deemed ‘Troubled’ by Fed

Deutsche Bank’s US Operations Deemed ‘Troubled’ by Fed

The Federal Reserve has designated Deutsche Bank AG’s sprawling U.S. business in “troubled condition,” a rare censure for a major financial institution that contributed to constraints on its operations, according to people familiar with the matter. The Fed’s downgrade, which took place about a year ago, is secret and hasn’t been previously made public. The […]

Dick’s Sporting Goods Sees a Brighter 2018 Ahead

Dick’s Sporting Goods (NYSE:DKS) announced earnings results this week that contained several encouraging signs for the business. While same-store sales still fell from year-ago levels, the retailer reduced its reliance on price cuts while slimming its inventory. Together, these trends suggest Dick’s will generate higher earnings in 2018 than management had projected back in March. Dick’s […]

Sears, Kmart parent company to close another 72 stores as sales crisis continues

Sears, Kmart parent company to close another 72 stores as sales crisis continues

Nathan Bomey USA TODAY Published 5:39 p.m. UTC May 31, 2018 Sears Holdings plans to close another 72 money-losing stores as the department-store chain tries to stem the bleeding from its long-running sales crisis. Sears said it would reveal the list of closures later on Thursday. The company, whose stores include Sears and Kmart, has been engaging […]

A small military contract started an internal war at Google that’s tearing the company apart

A small military contract started an internal war at Google that’s tearing the company apart

A Google scientist warned in an internal email that the company’s involvement in the US Department of Defense’s Project Maven would be “red meat” for critics. The message, seen by The New York Times, proved prophetic given the huge backlash against Google, both internally and externally, over the Pentagon drone contract. Furious staff members have […]

Union reports sexual harassment of workers in Las Vegas casinos

Union reports sexual harassment of workers in Las Vegas casinos

With a possible strike looming, the Culinary Union has released survey results showing widespread sexual harassment and safety concerns at Las Vegas casinos. In a survey of 10,000-plus Las Vegas casino workers, 59 percent of cocktail servers and 27 percent of hotel housekeepers said they had been sexually harassed by guests, managers or others while […]

Uber Image, Tariff War, Volcker Rule: CEO Daily for May 31, 2018

Uber Image, Tariff War, Volcker Rule: CEO Daily for May 31, 2018

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