American Express profit beats Wall Street estimates
Company aims to keep annual operating expense growth at less than 3 percent for next two years as it revamps business
american express
business
street
wall
Found more than 1 month ago on channel
CBS
Boston Business Starts Relief Fund
As the Boston Police keep a crime scene perimeter of about 12 blocks around Boylston Street, several businesses wait for guidance from authorities to decide when to open its doors. But the companies in the surrounding Boston area went back to work shell-shocked after two bombings hit spectators of the Boston Marathon on Monday.
authorities
boston
boylston
business
guidance
marathon
police
street
Found more than 1 month ago on channel
Abc News
Yahoo posts flat first-quarter revenue on declining display ad sales
SAN FRANCISCO - Yahoo Inc's first quarter revenue fell short of Wall Street targets and its display advertising business experienced declining sales for the second quarter in a row, sending the Internet company's shares down 4.2 percent.
business
francisco
internet
san
street
wall
yahoo
Found more than 1 month ago on channel
Reuters
Attention JC Penney Shoppers, Look Out for the Return of ‘Sales Galore’
After months of abysmal sales tallies, the Ron Johnson era is over at JC Penney. Now that Johnson’s “fair and square” no-coupons pricing policies have proved to be a failure, the department store will have to try something else to win back customers and stop the bleeding. But what? Mike Ullman, who was replaced as CEO when Johnson took over at JC Penney in 2011, and who began serving again as top executive when Johnson was pushed out, told the Wall Street Journal that he wasn’t planning on reverting to the old business model. “I wouldn’t recommend that we go back to the way J.C. Penney was when I left,” he said. “Things change.” And yet, in some ways the department store is clearly trying to resemble the JC Penney of old. Management has already announced that newspaper ads will feature coupons once again. Johnson seemed to find coupon usage distasteful and silly, likening it to a drug that consumers needed to be weaned off. A little over a year after JC Penney went “drug-free,” ...
announcement
apple
attention
bloomberg
business
ceo
department
galore
john
johnson
journal
louis
macy
management
martin
mike
penney
policy
post-dispatch
questions
ron
sculley
sneider
street
ullman
university
wall
washington
Why Pension Funds Are Hooked on Private Equity
When President Obama unveiled his budget last Wednesday, it rekindled a debate over taxation of the private equity industry. Many executives in the private equity business (as well as the venture capital and hedge fund businesses) pay the capital gains rate on their earnings rather than the higher rate paid on ordinary income. Even though these industries make most of their money from the appreciation of assets — the definition of “capital gains” — the President, and many others, believe it is unfair that employees of these funds are able to pay the capital gains rate. After all, these execs are getting paid to manage these funds, not for risking their own capital. Of course, the private equity industry isn’t going to take such a tax hike lying down. According to Politico, the Private Equity Growth Capital Council recently sent a white paper to the House Ways and Means Committeer extolling the benefits of private equity for America’s pension funds. According to the paper: “Since ...
america
appreciation
business
capital
committeer
council
definition
equity
evidence
house
investment
journal
obama
pension
politico
preqin
president
street
taxation
wall