Headlines 

Trump Spouse-Visa Shift May Hurt Workers, Push 100,000 From Jobs

U.S. President Donald Trump’s plan to ban spouses of high-skill visa holders from working will likely push 100,000 people out of jobs and negatively affect the visa holders and their employers, according to a new research study. The Trump Administration has been tightening the rules for H-1B visas, which allow foreign workers to take jobs in the U.S. for several years, and University of Tennessee at Chattanooga and Pooja B. Vijayakumar from the Kemmy Business School at the University of Limerick set out to study the implications of such a…

Read More
Headlines 

Starbucks Pumps the Brakes in Its Home Market

Americans' long-running joke about a Starbucks on every corner may be nearing its end. The coffee behemoth is retrenching in its home market as it contends with sales growth that Chief Executive Officer Kevin Johnson acknowledges isn’t fast enough. The cafe chain Source: Company data, Bloomberg Note: Data is for fiscal quarters Although business abroad has been booming and the chain has been opening more and more cafes, U.S. sales growth has stalled for the company that brought espresso to the masses. With about 14,000 stores domestically, Starbucks is now pumping…

Read More
Headlines 

A Trader Named Morgan Stanley Just Left Morgan Stanley

Morgan Stanley. No, really. The fixed-income trader, who just happens to share a name with the 82-year-old Wall Street firm, has left the bank, a person with knowledge of the matter said. Stanley joined in 2012 after graduating from Boston College, according to records from the Financial Industry Regulatory Authority. Stanley, whose middle name is Adam, didn’t return LinkedIn messages seeking comment on his next career move. A spokesman for the New York-based bank declined to comment. Read more: http://www.bloomberg.com/news/articles/2018-04-17/morgan-stanley-leaves-morgan-stanley-yes-you-read-that-right

Read More
Headlines 

WPP CEO Sorrell Quits After Three Decades at Top of Ad World

Quarta to step in as executive chairman in the interim Resignation follows allegations of personal misconduct announced April 3 that it was investigating the allegations. The resignation preempts what could have been an inglorious departure for someone who was the public face of the advertising industry writ large. Sorrell was set to join the rest of the board early next week for scheduled

Read More
Headlines 

Harvey Weinstein Sued by New York AG Over Sexual Harassment

Embattled movie producer Harvey Weinstein was sued by New York state for creating a hostile work environment at the Weinstein Co. that allegedly featured “pervasive sexual harassment,” intimidation and discrimination. New York Attorney General Eric Schneiderman’s lawsuit comes as Weinstein, 65, is seeking to sell his troubled studio to Maria Contreras-Sweet, a former Obama administration official, in a $500 million bid backed by billionaire Ron Burkle. The suit may create a major obstacle for the deal. Schneiderman said in a statement that the company’s sale might leave victims “without adequate redress, including…

Read More
Headlines 

Anthony Weiner Sentenced to 21 Months in Prison

Anthony Weiner was sentenced to 21 months in prison for exchanging sexually explicit messages with a 15-year-old girl, capping the spectacular fall of the former congressman whose self-destructive behavior wrecked his career and marriage and played a role in the final days of the 2016 presidential campaign. “The crime I committed was my rock bottom,” a tearful Weiner told U.S. District Judge Denise Cote. He was ordered to surrender to prison on Nov. 6. “I was a very sick man for a long period of time, but I am also…

Read More