Caterpillar offices raided in probe related to Swiss unit
CHICAGO (AP) — Federal law enforcement officials raided three central Illinois facilities of manufacturer Caterpillar on Thursday as part of an investigation the company said may be related to business with its Swiss subsidiary CSARL. Officials from three federal agencies, some wearing jackets that said “police, federal agent”, searched the Peoria, Illinois, headquarters of Caterpillar, one of the world’s largest makers of construction and other heavy equipment. Facilities in East Peoria and Mo..>> view originalThis Multi-Millionaire Founder Drove an Uber to Learn About Customer Service
This story appears in the March 2017 issue of Entrepreneur. Subscribe » Reader Resource Tune in April 7 and find out how to provide stellar customer care with social media in our free webinar. Register Now » Last year, Paul English signed up to be an Uber driver. As a multimillionaire, he didn’t need the money, obviously. He wanted to understand what it’s like to be rated.Related: 4 Assumptions Needed to Deliver 5-Star Customer ServiceIt’s an eye-opening experience that company..>> view originalFutures dip ahead of Yellen's speech
U.S. stock index futures were down for the second straight day since January on Friday, ahead of Federal Reserve Chair Janet Yellen's speech, which is expected to give further clarity on the possibility of an interest rate hike later this month.Yellen is set to speak at 1:00 p.m. ET (1800 GMT) at the Executives Club of Chicago. Her speech comes after several other Fed officials this week stoked market expectations for a March rate hike.Fed Vice Chairman Stanley Fischer, who has backed raising ..>> view originalEPA halts inquiry into oil and gas industry emissions of methane, a powerful greenhouse gas
In this June 12, 2014 photo, oil pumps and natural gas burn off in Watford City, N.D. (AP Photo/Charles Rex Arbogast) The Environmental Protection Agency Thursday announced it was withdrawing a request that operators of existing oil and gas wells provide the agency with extensive information about their equipment and its emissions of methane, undermining a last-ditch Obama administration climate change initiative. The EPA announcement was a first step towards reversing an Obama administratio..>> view originalWhy Would You Pay $550 for a Credit Card?
JPMorgan Chase created a sensation last year with a new credit card, the Chase Sapphire Reserve, crafted from “a proprietary mix of embedded metals.” Also sensational, and pretty crafty, was the annual fee of $450. A turnoff? So many people signed up, Chase ran out of embedded metals.Fighting back, American Express sweetened some of the perks on its own, 33-year-old premium card, the Amex Platinum. Included in the company’s latest enticement? An increase in Platinum’s annual fee from $450 to $5..>> view originalSnap Stretches the Limits of Valuation
Michael Nathanson, senior research analyst at MoffettNathanson, described Snap as a ''field of dreams.'' Even with rosy growth forecasts, ''at $22 billion, we're looking at a stock trading at five to eight times estimated revenues in 2020,'' he said before the valuation rose even higher. ''The only companies in that domain are Facebook and Alibaba, and they have massive scale. And both of them are profitable.'' There's no point in comparing Snap's profits to any of those companies, since Snap d..>> view originalBitcoin price rises higher than gold, but don't read too much into it
The price of bitcoin continues to rise, setting a fresh record high. The price for one bitcoin is now worth more than one ounce of gold, but this is less significant than it may seem, say experts. Gold and bitcoin prices crossed overnight. The crypto currency has set a fresh record high of $1,290.13, while a gold ounce currently trades around $1,228. Part of the reason for the switch is that gold has had a rough week. The price for the precious metal has fallen more than 2 percent this week, du..>> view originalCostco Has Just Made It More Expensive for 35 Million People to Shop for Giant Mustard Bottles
For Costco's (COST) millions of members in the U.S. and Canada, maintaining the privilege of shopping the warehouse retailer's no frills stores for discounted bulk food will cost a little more later this year. On Thursday, the wholesale retailer said ...>> view originalUK Leans Toward Intervening in Fox's Acquisition of Sky
The U.K. government said it is leaning toward intervening in 21st Century Fox Inc.’s proposed 11.7 billion-pound ($14.3 billion) takeover of Sky Plc, citing the potential impact on media plurality and broadcasting standards, and will make a final decision within 10 days.“I have concerns that there may be public-interest considerations -- as set out in the Enterprise Act 2002 -- that are relevant to this proposed merger that warrant further investigation,” Culture, Media and Sport Secretary Kare..>> view originalRust Belt voters made Trump president. Now they want jobs
The United States is making more things than ever before. Yes, you read that right. Manufacturing output is at an all-time high, according to one government statistic (others indicate it's near a record). Evidence of the boom is visible when you drive around America's muscle town: Detroit. The giant Ford (F), GM (GM)and Chrysler (FCAU) factories are buzzing to try to keep up with record levels of U.S. car sales. Yet a deep sense of unease is palpable in Michigan. A lot of people are ne..>> view original
Friday, April 7, 2017
Caterpillar offices raided in probe related to Swiss unit and other top stories.
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