Ronnie Matari Lim

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CHART OF THE DAY: The Facebook IPO, One Year Later

It's been one year since Facebook went public. We assume a lot of IPO investors aren't happy with how things turned out. But, from Facebook's perspective, it all worked out. It got a good price on its IPO, and now it has plenty of time to develop its business. If CEO Mark Zuckerberg does a good job …

24-Year-Old Ogilvy Employee Dies From 'Overwork'

According to local TV news program Yangzi Evening News, the Ogilvy & Mather Beijing employee died of "overwork." He had been working overtime the month prior to his death, not leaving the office before 11p.m.<p><b>UPDATE:</b> Ogilvy Denies 24-Year-Old China Employee Was Worked To Death.<p>Reports say that Yuan …

Social Media

Milwaukee Low-Wage Workers Strike, Demanding Better Pay

Fast-food and retail workers walked off the job in Milwaukee, Wis., on Wednesday, prompting labor organizers to speak of "spreading unrest" in the service industry.<p>The strike followed similar one-day walkouts over the last two months in Detroit, Chicago, St. Louis, and New York, as well as a …

How can Amazon pay tax on profits it doesn't make?

A Guardian investigation has revealed that Amazon paid just £3.2m in corporation tax in the UK last year. But this says less about the company's tax …

HAJIME KITANO: Japanese Markets Are Doing Something We Haven't Seen In 20 Years

Kitano has been silent for several months following his resignation from JPMorgan as Chief Japan Equity Strategist in late January.<p>At the time, the Japanese revival was quickly becoming the biggest economic story in the world, and his absence from the conversation struck us as unfortunate.<p>Kitano …

Stock Markets

Abercrombie & Fitch CEO Won't Apologize For Saying He Only Wants Cool Thin People To Wear His Clothes

In a statement to the Los Angeles Times, Jeffries said that his "choice of words was interpreted in a manner that has caused offense."<p>Jeffries said that his "7-year-old, resurrected quote has been taken out of context," but did admit that the brand "targets its marketing at a particular segment of …

Abercrombie & Fitch

A Bucket of KFC Chicken Smuggled into Gaza City Costs $27

This article is from the archive of our partner .<p>KFC, founded in 1930 in southeast Kentucky, is one of those distinctly American exports that enjoy …

Why the IRS Scandal Suddenly Became About Obamacare

This article is from the archive of our partner .<p>It seems as if the battle over the IRS' improper focus on Tea Party groups has splintered into an …

Wal-Mart And Gap Refuse To Sign Legally Binding Bangladesh Safety Plan

The country's government is talking about raising the minimum wage for garment workers, and major companies such as H&M and Inditex (which owns fast-fashion brand Zara) have agreed to a legally binding safety accord that also requires a financial commitment from the retailers that sign on.<p>But …

Walmart

BOEHNER ON IRS: 'Who Is Going To Jail Over This Scandal?'

"My question isn't about who is going to resign. My question is, who's going to jail over this scandal?" Boehner said at a press conference with other House Republican leaders on Wednesday.<p>The IRS admitted last week to inappropriately targeting conservative groups containing certain buzzwords, …

Taxes