Kristell Dauphin

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The latest travel marketing craze: Unmarried aunts who want to spoil other people’s kids

Travel operators have a new target: unmarried women with money to spend on their nieces, nephews, or god-children. This demographic, nicknamed “PANKs” (Professional Aunt, No Kids), has potential especially in the US, argues a new report (pdf) on global tourism trends by Euromonitor.<p>The PANK …

Twitter Raises IPO Price Range, Looks To Sell Shares For $23-$25

Twitter’s roadshow must be going pretty well.<p>The social network has been pitching its forthcoming initial public offering to institutional investors over the last week-plus and raised the price range for the deal Monday morning according to an updated SEC filing.<p>Twitter now aims to sell shares for …

Starbucks Opens Its First Tea Bar As CEO Schultz Bets On $90 Billion Market

You heard it here first: the billionaire behind Starbucks is watching his caffeine intake. Howard Schultz, CEO of the java giant, won’t drink coffee after 5pm.<p>He’s more of a tea man these days, having taken a liking to the Maharaja Chai Oolong blend sold at Teavana, the mainly mall-based tea …

Top-Tier CEO Pay Grew Nearly 15 Times Faster Than Worker Pay Last Year

The chief executives of the biggest U.S. companies just keep seeing huge leaps in pay, leaving the average worker further and further behind.<p>The median pay of a CEO at a company in the Standard & Poor's 500-stock index rose by nearly 20 percent from 2011 to 2012, according to a new report by the …

Dimon's future questioned as JPMorgan posts first loss of his tenure

Business News<p>JPMorgan Chase's first quarterly loss in nine years had Chief Executive Jamie Dimon looking a bit more vulnerable Friday after the bank took a $7.2 billion hit from penalties, expected future litigation and other legal matters.<p>The company reported a loss of $380 million, or 17 cents …

Bank examiner 'fired by Fed over critical report on Goldman Sachs'

A former senior bank examiner at the Federal Reserve Bank of New York has filed a wrongful termination lawsuit, claiming she was fired after refusing to alter a critical examination of Goldman Sachs.<p>The former employee, Carmen Segarra, said that in her seven months of examining Goldman's legal and …

Yes, higher mortgage rates really do hurt the economy

AP Photo / Mark Lennihan<p>A big reason why the Fed didn’t taper? The central bank is worried that higher mortgage rates—which it brought on by bringing up the idea of the taper in the first place—might be a headwind for economic growth. And guess what: They are.<p>Take today’s news that Citigroup is …

Why the Federal Reserve's decisions matter to you

September 20, 2013 | 9:00 AM<p>Embed Code<iframe src="https://www.marketplace.org/2013/09/20/your-money/why-federal-reserves-decisions-matter-you/popout" frameborder="0" width="100%" height="240px"></iframe><p>Copy<br>• Close<p>Embed Code<iframe …

Vitaminwater Marketing Campaign Goes Horribly Wrong

Coca-Cola apologized on Thursday for a marketing promotion for its Vitaminwater brand in Canada that went terribly wrong. The campaign, targeted at French and English speakers, featured words in both languages printed on bottle caps. Customers could put the caps together to form phrases and send …

Obama strikes back at Congress: 'They're focused on trying to mess with me'

President Barack Obama excoriated Congress for being "focused on trying to mess with me," hours after the Republican House approved a stopgap spending measure to continue government operations, but also eliminate funding for "Obamacare."<p>The president angrily lashed out at lawmakers who voted …