Jeb Bush: My tax plan will push growth to 4%
Jeb Bush tells CNBC his tax plan would help fuel growth by empowering Americans and creating an environment for investment.
MONEY (MSM)
Macy's to close 35-40 underperforming stores in early 2016
The annual sales volume of the stores, net of sales expected to be retained in nearby stores and online, is expected to be about $300 million, the company said in a statement. The company, which operates 770 Macy’s stores, said the store closures would be early next year and that it would announce the locations of the affected stores on a later date. Globally, Macy’s operates a total of 885
Chipotle will interview 60,000 job seekers today—and it won't take long
Chipotle is going to spend Wednesday interviewing somewhere between 30,000 and 40,000 job applicants. At Chipotle, it will also be a free-advertising coup with lasting benefits. To find 4,000 suitable hires, Chipotle will need to interview at least five times as many candidates.
United CEO Jeff Smisek steps down amid federal investigation
United Airlines abruptly replaced its CEO as a federal investigation continued into whether the airline gave preferential treatment to a former chairman of the agency that operates the New York-area airports …
Force field: Apple's pressure-based screens promise a world beyond cold glass
SINGAPORE/TAIPEI (Reuters) – By adding a more realistic sense of touch to its iPhone, Apple Inc may have conquered a technology that has long promised to take us beyond merely feeling the cold glass of our mobile device screens. In its latest iPhones, Apple is expected to include what it calls Force Touch, allowing users to interact more intuitively with their devices via a pressure-sensitive screen which mimics the feel and response of real buttons. In the
Why banks haven’t finished their balance sheet diet
New reporting standards show that the biggest Europe-based lenders still have many more assets per euro, franc or pound of equity than their U.S. rivals and yet their returns on those assets are just two-thirds of those at American banks.
McDonald's to switch to cage-free eggs over next decade
McDonald’s says it will switch to cage-free eggs in the U.S. and Canada over the next decade, marking the latest push under CEO Steve Easterbrook to try and reinvent the Big Mac maker as a “modern, …
Chinese premier seeks to quell global markets' China fears
DALIAN, China/SHANGHAI (Reuters) – China has fended off the major risks to its financial system while its economic prospects remain positive, Premier Li Keqiang said on Wednesday, as he tried to reassure global markets that Beijing can keep its economy on track and stock markets in check. “The government took measures to stabilize the market and prevent risks from spreading, we have forced out the possibility of any systemic risks,”
Tax quirk forces Colorado to waive pot taxes for a day
Colorado’s unusual tax law is forcing the state to suspend taxes on recreational marijuana for one day. The sales-tax break on Sept. 16 will shave $20 off the price of a mid-grade ounce of pot in the Denver …
Exclusive – HK securities watchdog probes brokers, hedge funds over China investment products
The Hong Kong securities watchdog is investigating whether brokers and hedge funds in the financial centre violated their operating licences in creating and trading China investment products, three people with direct knowledge of the matter said. The investigation began about two weeks ago and is focussed on how international brokers and Hong Kong subsidiaries of Chinese brokers used more than $100 billion (65.1 billion pounds) in China investment quotas to