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Burger King Buying Tim Hortons With Financial Assist from Obama-Ally Warren Buffett

Burger King Buying Tim Hortons With Financial Assist from Obama-Ally Warren Buffett

BURGER KING SELL-OUT:  Burger King has sold us out and is moving to Canada for a favorable tax status. Um, I won’t be a Burger King customer going forward. There are other far more healthier offerings out there. Still, Burger King is facing a backlash and calls for a boycott. […]

by Janet Shan· · Breaking News, Business News
U.S. Job Creation Best in Five Years, Right Wing Continues to Attack Obama

U.S. Job Creation Best in Five Years, Right Wing Continues to Attack Obama

As the right wing continue to claim that President Obama is one of the worst presidents in U.S. history, the improving economy continues to make a joke of their claims. Gallup just released data showing that the U.S. has had the best job creation in five years. Of course, the right […]

Dabotubo Horsfall Sues Former Employer Morgan Stanley, Alleges Racial Discrimination

Dabotubo Horsfall Sues Former Employer Morgan Stanley, Alleges Racial Discrimination

Dabotubo Horsfall has sued Morgan Stanley alleging that the investment bank engaged in blatant discrimination against him because he is black, paying him less than his peers and refusing to give him recognition for his work on prominent deals. Dabotubo Horsfall, a vice-president in Morgan Stanley’s investment management infrastructure fund, […]

by Janet Shan· · Business News, Lawsuits
#SmallBizSat:  President Obama Shops at Virginia Bookstore for Small Business Saturday

#SmallBizSat: President Obama Shops at Virginia Bookstore for Small Business Saturday

#SmallBizSat:  During the presidential campaign, the right wing painted President Obama as staunchly anti-small business, which could not have been further from the truth. President Obama and his daughters, Sasha and Malia, shopped this morning at One More Page Books in Arlington, Va., where he purchased 15 books, which the […]

by Janet Shan· · Business News, President Obama
Hostess Brands, Maker of Twinkies and Ding Dongs, Going Out of Business, Blames Striking Union Workers

Hostess Brands, Maker of Twinkies and Ding Dongs, Going Out of Business, Blames Striking Union Workers

Curtain call for Hostess, the maker of Twinkies.  The company, that also makes iconic baked goods such as Wonder Bread and Devil Dogs, said it is asking a federal bankruptcy court for permission to cease operations, blaming its problems on a strike by bakers protesting a new contract. Here’s an […]

by Janet Shan· · Business News
Former Reagan Budget Director David Stockman Says Mitt Romney No Job Creator While at Bain

Former Reagan Budget Director David Stockman Says Mitt Romney No Job Creator While at Bain

Damn, David Stockman, former Reagan budget director, just ripped Mitt Romney’s claims to shreds that he was a job creator at Bain Capital. That comes as the company’s Sensata firm is set to outsource jobs to China just before the November 6th presidential election. Newsweek: “That is the modus operandi of […]

by Janet Shan· · Business News, Elections
China’s Xinhua News Agency Calls Mitt Romney’s ‘Currency Manipulator’ Attack ‘Foolish and Hypocritical’

China’s Xinhua News Agency Calls Mitt Romney’s ‘Currency Manipulator’ Attack ‘Foolish and Hypocritical’

The Chinese aren’t taking what Mitt Romney is dishing out their way lightly. You will recall he called China a currency manipulator, to which the China’s official Xinhua news agency calls foolish and hypocritical. The scathing rebuke of Mitt Romney also said his actions would “trigger a catastrophic trade war and […]

by Janet Shan· · Business News, Elections, Politics
Black Enterprise Magazine Again Names Verizon One of 40 Best Companies for Diversity

Black Enterprise Magazine Again Names Verizon One of 40 Best Companies for Diversity

NEW YORK , July 12, 2012 /PRNewswire/ –‘For the seventh year, Black Enterprise magazine has named Verizon to the publication’s list of 40 Best Companies for Diversity.’ The elite companies were selected based on their commitment to diversity in four key areas: employee base, senior management representation, supplier diversity […]

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by HinterlandGazetteStaff· · Business News
Russell Wasendorf Sr., Founder of PFGBest, in Critical Condition After Suicide Attempt Over Missing Money

Russell Wasendorf Sr., Founder of PFGBest, in Critical Condition After Suicide Attempt Over Missing Money

Russell Wasendorf Sr., the founder of PFGBest brokerage firm (Peregrine Financial Group) attempted suicide after it was disclosed that more than $200 million is missing from clients’ accounts. Russell Wasendorf Sr. was found in his car near his company’s Iowa headquarters and is in critical condition at the University of Iowa Hospital, […]

by Janet Shan· · Business News

Trouble for Obama as Unemployment Rate Inched Up to 8.2 Percent in May

Trouble for Obama? Er, President Obama, you know that economic recovery you’re trying to feed us? It ain’t happening as evidenced from the 69,000 jobs created in May, less than the 155,000 expected. Obama has a big problem because the unemployment rate edged up  to 8.2 percent. The Republicans have lost […]