Snap CEO Evan Spiegel made $638 million last year

Snap CEO Evan Spiegel made $638 million last year

Will a redesign help woo new Snapchat users? Snapchat may have struggled during its first year as a public company, but you wouldn’t know it from the CEO’s pay. Evan Spiegel, the CEO of Snapchat’s parent company, received $638 million in total compensation in 2017, according to a company filing with the Securities and Exchange → Read More

Sturm Ruger has cut 700 jobs in the last year

Sturm Ruger has cut 700 jobs in the last year

History of the modern assault-style rifle The drop in gun sales has lead to deep job cuts at Sturm Ruger On Wednesday, the company reported a 21% sales decline for 2017. Thursday it disclosed that it has cut 700 jobs, or more than a quarter of its staff, over the last 13 months. That leaves → Read More

Trump administration seeks to require more people to work for food stamps

Trump administration seeks to require more people to work for food stamps

Feeding America’s most vulnerable children The Trump administration wants more food stamp recipients to work for their benefits. The Agriculture Department will seek comments on how to get more able-bodied adults who don’t have dependent children into the workforce, agency officials announced Thursday. Read More

Snapchat stock drops on news Kylie Jenner no longer uses the app

Snapchat stock drops on news Kylie Jenner no longer uses the app

Will a redesign help woo new Snapchat users? Kylie Jenner is not happy about Snapchat’s new redesign. Snap (SNAP) stock fell more than 7% on Thursday afternoon after the reality TV star said she is no longer using the app. Jenner has been one of Snapchat’s most influential users. “Sooo does anyone else not open → Read More

Venezuelan refugee crisis adds to Colombia's growing challenges

Venezuelan refugee crisis adds to Colombia's growing challenges

Venezuela’s economy on the brink of collapse Colombia was once the rising economic star of Latin America. Now it has a long list of challenges — and the latest is an unprecedented refugee crisis. Venezuelans are pouring in to flee the humanitarian disaster in their home country. Read More

The fight for Sharpie and Yankee Candle

The fight for Sharpie and Yankee Candle

Why Bill Ackman is taking on ADP An $18 billion case of buyer’s remorse is gripping the conglomerate that makes Sharpie, Yankee Candle and Elmer’s glue. In 2015, Jarden co-founder Martin Franklin sold his brand to Newell Rubbermaid, combining the company that made Mr. Coffee and Crock-Pot with Rubbermaid containers and Expo markers. But the → Read More

Consumer Reports: Chevy Bolt Best Small Green Car

Consumer Reports: Chevy Bolt Best Small Green Car

Chevy Bolt powers through The Chevrolet Bolt EV got a strong head start against the Tesla Model 3 in the marketplace and now it has an early nod from Consumer Reports magazine which named the Bolt its “Top Pick” among small hybrids and electric cars. The Bolt beat out other cars in its category such → Read More

Strum Ruger has cut 700 jobs in the last year due to plunging gun sales

Strum Ruger has cut 700 jobs in the last year due to plunging gun sales

History of the modern assault-style rifle The drop in gun sales has lead to deep job cuts at Strum Ruger. On Wednesday, the company reported a 21% sales decline for 2017. Thursday it disclosed that it has cut 700 jobs, or more than a quarter of its staff, over the last 13 months. That leaves → Read More

Tax law, bonuses and raises: 5 things you need to know

Tax law, bonuses and raises: 5 things you need to know

Blankfein: Tax bonuses are ‘symbolic’ – but symbolism matters The White House estimates that so far nearly 4.6 million workers will get direct benefit from the new tax law through their employers. More than 370 companies have publicly cited the law in announcing bonuses, wage increases and employee perks like tuition assistance and better 401(k)s. → Read More

Margaret Brennan named host of CBS' 'Face the Nation'

Margaret Brennan named host of CBS' 'Face the Nation'

Charlie Rose fired by CBS after accusations of sexual harassment Margaret Brennan will succeed John Dickerson as the moderator of “Face The Nation,” CBS announced on Thursday. “Face the Nation” is one of the highest-rated Washington discussion programs on television. And one of the longest-running: It was started in 1954. There was considerable speculation about → Read More

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