April 9, 2019

Last week Microsoft announced that its eBook platform would soon close down. This news didn’t really come as a shock to many in the business world since the company struggled from the start to attract a dedicated audience of readers. First of all, Microsoft tied the platform exclusively to its Edge web browser, which accounts for only 4.4 percent of the total browser market. The company’s e-reader app also launched without key features such as highlighting, sticky notes, and titled Continue reading

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April 4, 2019

Since launching a few years ago, the New York-based startup Peloton has grown into a $4 billion company by offering its high-end clientele a “private indoor cycling studio in your home.” For $2,000 plus a $39 monthly membership fee, customers receive a Peloton stationary bike equipped with a touchscreen that can stream more than 13,000 live and on-demand cycling classes. These workout sessions are often driven by upbeat songs from well-known artists to keep bikers peddling with enthusiasm.

But while Continue reading

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March 8, 2019

According to a recent Pew Research Center study, approximately 29 percent of Americans said that they don’t use cash for any purchases during a typical week. Instead, they depend on credit and debit cards as well as mobile payment apps like Apple Pay. These increasingly cashless consumers are becoming so common that some companies have stopped accepting paper and coin money for the sake of efficiency. For instance, in 2016 the salad chain Sweetgreen announced it was going cashless in Continue reading

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February 19, 2019

In 2017 Amazon announced that it would open a second headquarters somewhere in the U.S., setting off a bidding war between cities all across the country. Then this past November the e-commerce giant shared its decision with the public: the new HQ would be split in two between New York City and Arlington, Virginia. But while many politicians and business leaders celebrated the announcement, activists, unions, and some local lawmakers in New York blasted the decision to give Amazon nearly Continue reading

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February 12, 2019

With its signature stack of three buns and two beef patties covered in special sauce, there are few fast food items as famous as the Big Mac. That’s why over the years McDonald’s has tried to protect its flagship burger by pursuing legal action against any possible imitators. One of the company’s latest targets was Supermac’s, an Irish chain that sold a suspiciously similar sandwich called the Mighty Mac. Unfortunately for McDonald’s, though, this particular case didn’t go exactly as Continue reading

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January 29, 2019

From December 22, 2018, up until last Friday, the federal government remained shut down due to a budget dispute between the White House and congressional Democrats. During the course of this 35-day shutdown, thousands of federal employees either worked without pay or were sent home until the government reopened. And according to a new report from the bipartisan Congressional Budget Office (CBO), the shutdown cost the U.S. economy an estimated $11 billion.

The report says that most of the lost Continue reading

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January 24, 2019

For luxury brands like Louis Vuitton, maintaining an image of elegance and sophistication is essential for success. After all, high-end consumers might not be willing to hand over huge amounts of cash to a company that has fallen out of fashion. In order to remain in control of its image, Louis Vuitton has often been quick to file lawsuits against knockoff businesses that place its signature logo onto poorly made items. Along with targeting bootleggers, however, the company also has Continue reading

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January 15, 2019

Back in 2016 we took a look at the enormous legal fight surrounding talcum powder produced by Johnson & Johnson. At the time, a judge ruled that the company had to pay $72 million to a group of 60 plaintiffs who said they contracted ovarian cancer from using J&J baby powder. But that settlement was far from the end of the pharmaceutical giant’s problems as it continues to face thousands of talc-related lawsuits all over the country.

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December 4, 2018

A couple of years ago, a pair of video game developers received a deeply worrying email from the British Red Cross. “It has been brought to our attention that in your game ‘Prison Architect’ a red cross emblem is displayed on vehicles,” read the email. “Those responsible may be unaware that use of the red cross emblem is restricted under the Geneva Conventions for the Protection of War Victims.” Little did the two developers know, but their placement of a Continue reading

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November 15, 2018

Last year, Amazon announced that it would build a second headquarters somewhere in the United States. Known as “HQ2,” the project generated instant interest among dozens of cities that wanted to attract the e-commerce giant to their communities. After all, Amazon said the headquarters would bring in at least 50,000 high-paying tech jobs, which could have a significant economic impact anywhere in the country. Cities then offered generous benefits and tax breaks in an effort to woo the company. While Continue reading

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