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Business | New York Post

Your source for breaking news, news about New York, sports, business, entertainment, opinion, real estate, culture, fashion, and more.

Last Build Date: Tue, 28 Mar 2017 08:24:20 +0000


The New York Times’ ongoing dishonesty only helps TrumpDonald Trump Holds New Hampshire Primary Night Gathering In Manchester

Mon, 27 Mar 2017 23:35:53 -0400

Six months ago, I canceled my subscription to the New York Times because I felt the paper had become ethically challenged in its coverage of the presidential election. And, it turns out, I was right. Soon after the election — one in which the Times’ favorite candidate, Hillary Clinton, lost — the paper admitted its...

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Macy’s scores big with exclusive DKNY clothes, accessoriesRetail Sales Decline 0.3 Percent In November After Two Months Of Gains

Mon, 27 Mar 2017 22:33:49 -0400

Macy’s just scored its biggest exclusive since nabbing Tommy Hilfiger in 2008. Looking to prop up sagging sales, Macy’s will become the only department store to sell DKNY women’s apparel and accessories as of next year. Macy’s announced the exclusive distribution deal on Monday with G-III Apparel Group, a New York manufacturer that bought the...

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More families of Orlando nightclub victims sue GooglePulse Orlando, Shooting

Mon, 27 Mar 2017 22:30:30 -0400

Google’s advertising headache is about to get a lot worse. Additional families of the victims of last June’s Pulse nightclub shooting in Orlando, Fla., are expected to sue the tech giant for helping the terrorists who inspired the massacre, The Post has learned. A lawyer for the families said last week’s giant ad boycott of...

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Buffalo Wild Wings serves activist a taste of board cloutRetail Signs

Mon, 27 Mar 2017 16:20:24 -0400

Buffalo Wild Wings offered an investor a taste of power on its board — but the activist hedge fund wants the whole “Blazin’ Wings” platter. The spicy-chicken sports bar — under pressure from Marcato Capital to boost profits by franchising nearly all of its 1,200 locations — on Monday nominated two new board members, one...

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Uber CEO Kalanick took workers to an ‘escort-karaoke’ bar"Manus x Machina: Fashion In An Age Of Technology" Costume Institute Gala - Arrivals

Mon, 27 Mar 2017 13:23:13 -0400

Uber boss Travis Kalanick and five of his employees visited a sleazy “escort-karaoke” bar in South Korea — a fact that one top Uber exec has scrambled to keep quiet in recent weeks, according to a report. Kalanick’s ex-girlfriend Gabi Holzwarth says she was with Kalanick and the higher-ups at Uber in mid-2014 when they...

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Patent court lifts iPhone ban in ChinaiPhone 6s And 6s Plus Launch In China

Mon, 27 Mar 2017 10:53:26 -0400

A ban on selling iPhone 6 and 6 Plus phones in China got overturned after a Chinese court ruled in favor of Apple in a design patent dispute. Last May, a Beijing patent regulator ordered Apple and a local retailer Zoomflight to stop selling the iPhones after China-based Baili claimed they infringed on the patented...

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Snap’s stock rises as it wins a few more ‘buy’ ratingsSnap Chat

Mon, 27 Mar 2017 10:46:18 -0400

Snap’s stock is finally finding a few friends on Wall Street. The owner of the Snapchat messaging app saw its stock rise as much as 2.8 percent Monday after several banks gave it a buy rating — defying a recent rash of skepticism about Snap’s heavy losses and slowing user growth. The Los Angeles-based company’s...

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Stocks get slammed as ‘Trump trade’ loses steamMarkets React To House GOP Pulling Vote On Trump's Health Care Plan

Mon, 27 Mar 2017 10:34:49 -0400

The Trump trade is in a free fall. Markets opened sharply lower on Monday, the first trading day since Congress failed to pass an ObamaCare replacement, as Wall Street lost confidence in the White House’s ability to execute its business-friendly ambitions for tax cuts and infrastructure spending. The Dow Jones industrial average fell 166.7 points...

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Staten Island outlet center hires a publicity hunkPremiere Of Sony Pictures Releasing's "When The Bough Breaks" - Arrivals

Mon, 27 Mar 2017 02:18:44 -0400

Sneaker brands use them, as do soft drinks makers and perfume companies — so why not shopping malls? We’re talking about a celebrity endorser. Staten Island’s Empire Outlets, optimistically rising on the borough’s St. George waterfront amid a national brick-and-mortar retail malaise, is hoping that a TV and movie star pitchman will help make it...

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Can I give my kid a summer internship at my office?handshake

Sun, 26 Mar 2017 22:30:53 -0400

Is it OK to give your college-age child a summer internship at your workplace? Summer internship programs are also known as summer nepotism programs because everyone wants to help his or her kids find a gig — as much to help them in their careers as to get them out of bed and out of...

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Goldman loses $1 billion on deal because of Volcker ruleGoldman Sachs Loans

Sun, 26 Mar 2017 21:52:13 -0400

Goldman Sachs has at least one billion reasons to hope President Trump’s paring back of Dodd-Frank will include the Volcker Rule. The Wall Street bank, which has already banked a cool $1 billion profit with its early stage investment in Israeli car tech company Mobileye, lost out on nearly doubling that gain when it sold...

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Stressed workers seek relief with drugs and alcoholstressed-work-jobs-feature

Sun, 26 Mar 2017 07:31:42 -0400

The American work force is high as a kite and mad as hell. US employees are battling fatigue, losing their cool and abusing drugs and alcohol, due to more high tech and competitive work pressures, according to human resources experts and a batch of new studies. And the annual cost to the US in lost...

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Upstart clothing brand linked to celebs expands to regular guys

Sun, 26 Mar 2017 05:17:48 -0400

Tom Cridland, chief executive of an upstart UK-based clothing brand that has managed to get its pricey duds into the hands of celebs like Leonardo DiCaprio, Ben Stiller and Daniel Craig, is now targeting ordinary shoppers. The 26-year-old entrepreneur of his eponymous company is blitzing through 22 US cities touting his shtick that his garments...

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Electric car popular in St. Barts to be sold in U.S.Electric Car

Sun, 26 Mar 2017 05:06:59 -0400

The Moke, an electric car first popularized by Brigitte Bardot in St. Tropez, will soon be available for purchase in the US. Todd Rome, of private jet firm Blue Star Jets — named after Gordon Gekko’s Blue Star Jets in “Wall Street” — has just acquired US rights to the electric car, still popular in...

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Martin Shkreli had enemies before his price-jacking daysUS-POLITICS-PHARMACEUTICAL-SHKRELI

Sun, 26 Mar 2017 04:39:51 -0400

PharmaBro Martin Shkreli was making enemies on Wall Street well before his drug-price hiking infamy, according to a book out this month. In “Confessions of a Wall Street Insider,” convicted insider trader Michael Kimelman describes meeting Shkreli in late 2008. Shkreli, a 25-year-old “freakishly skinny, on-the-spectrum biotech trader” at the time, was just as brash...

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Sony Corp. casting wide net for Michael Lynton’s replacementNewest Innovations In Consumer Technology On Display At 2014 International CES

Sun, 26 Mar 2017 04:31:35 -0400

Former Disney chief operating officer, Thomas Staggs, is having conversations with Sony Corp. chief executive, Kazuo Hirai about the top studio job. Staggs, who’s name has been doing the rounds, is viewed as a candidate with wide experience. Only problem is the job replacing Michael Lynton has got narrower. Lynton’s purview included oversight of Sony’s...

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Investment manager’s novel told of upset eerily similar to Trump’sDonald Trump

Sun, 26 Mar 2017 04:22:28 -0400

Marvin McIntyre, a top investment manager in DC, has shocked the financial and political world with his new book. McIntyre — an adviser to a parade of wealthy and celebrity clients, from best-selling author Kitty Kelley to scores of pro athletes including Michael Jordan — trips up the pollsters and pundits in his latest work...

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Why stressed-out CEOs are flocking to this doctor170323_schwartz_jcrice_08.jpg

Sun, 26 Mar 2017 02:21:22 -0400

New York CEOs may have discovered a unique nirvana to help them fight their own increasing job stress — IV infusions. And more of them are showing up for a good fix at the Fifth Avenue practice of Dr. Erika Schwartz, founder of Manhattan’s Evolved Science. Schwartz’s infusions are not some shady concoction that delivers...

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One reason why retailers are struggling: Americans are tapped outCredit Card Reform Legislation Would Tighten Rules On Rates And Fees

Sun, 26 Mar 2017 02:07:00 -0400

If you are wondering why US retailers are feeling a strain, look no further than the latest report from the Federal Reserve Bank of New York that stated 33 percent of Americans said they could not come up with $2,000 over the next 30 days if the need arose. Many Americans do not have the...

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Instagram star sued for botching deal to promote frat movieElliot "Fuck Jerry" Tebele Hosts Ghostbar Dayclub

Sun, 26 Mar 2017 00:37:11 -0400

A social-media “influencer” tasked with promoting a fraternity flick in exchange for a bit role and producer credit, failed to tout the movie to his millions of followers, according to a lawsuit. Elliot Tebele, who posts under the handle F–kJerry, boasts 11.5 million followers on Instagram alone. He signed a $10,000 deal to advertise “Frat...

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