Business

(Ron Knecht and Geoffrey Lawrence) Unprofitable companies often eventually go out of business.  Tesla Motors is very unprofitable. The electric-car maker scored a big win in 2014 when Gov. Brian Sandoval and Nevada lawmakers passed a $1.3 billion subsidy package to entice Tesla to build in Storey County a huge …

(Kayla Brandon, Independent Journal Review) The discussion around increasing the minimum wage for Americans has been a hot topic for a while now. So when Gravity CEO Dan Price hiked up his employees’ minimum wage to $70,000 a year last April, critics came out of the woodwork to bash his business …

(Chuck Muth) – According to a story by Nancy Hemphill in Helio.com, the Federal Trade Commission (FTC) announced on Monday that it had filed a lawsuit against 1-800 CONTACTS. The suit alleges that 1-800 CONTACTS has “unlawfully orchestrated and now maintains a web of anticompetitive agreements with rival online contact lens …

(EFTDailynews) Mobile device and computing giant Apple Inc. (NASDAQ:AAPL) on Monday won a key court ruling against patent troll VirnetX. A federal judge granted Apple’s request for a new trial, vacating the previous $625 million judgment that VirnetX won against Apple. The case centers around VirtnetX’s (NYSE:VHC) ownership of a …

(Seth Fiegerman) – Pursuant to an ongoing IRS investigation, the U.S. Justice Department filed a lawsuit directing Facebook to comply with said investigation, which imposes penalty on the company’s primary assets. There is no exact amount of penalty yet, however, said penalty particularly refers to its transfer of assets to an …

(Steve Tobak, Entrepreneur) – In a working environment, employees may be classified into two: those who work only to get the job done and those who do not only do the job but perform it more than it should be done. The latter employees are commonly called the hardworking ones in …

(Andrew Soergel , US News) Analysts are forecasting a “restaurant recession” in the U.S., which is bad news for America’s food and drink establishments and potentially even worse news for the economy at large. Paul Westra, a senior research analyst at Stifel Financial Corp., said in a research note Tuesday …

(Scott Hansen, Entrepreneur) – We are all occupied with goals and aims we want done in our lives, whether they be short-term or long-term. And these goals compose or amount to our dreams. Hence, it is the result of these goals that determines whether our dreams have been fulfilled or not. …

(BBC) – To discuss the implications of Brexit to UK’s trade deals with the Republic of Ireland and to the arrangements over the common travel area (CTA), PM Theresa May will meet Irish PM Enda Kenny at UK’s premises. Kenny’s visit will be the first visit of a foreign leader in …

(Larry Elliott, The Guardian) – Pending settlement on Britain’s exit from European Union, here is a rising notion from Italy’s anti-establishment group 5 Star Movement of carrying out a referendum for the purpose of exiting the union. This would mean that the country would be taking an independent life off of …