News

Wall Street's Reformers Earn A Court Victory

Forbes - 2 hours 8 min ago
Dodd-Frank's supporters earned a significant court victory yesterday that will strengthen and perhaps embolden the regulatory bodies charged with issuing rules under the reform law. The ruling authored by federal District Court Judge Paul Friedman sided with the Commodity Futures Trading Commission in its latest battle with the financial industry by leaving intact its guidance governing cross-border derivatives trading.
Categories: News

Rieder: Fighting back against government secrecy

USA Today - 2 hours 20 min ago
Governments at every level are choking off the flow of information.        
Categories: News

Winston, Peterson, Rice And Draft Day Millions

Forbes - 2 hours 27 min ago
The 2015 NFL draft class will be scrutinized like never before, as the league deals with the fallout from the actions of Ray Rice and Adrian Peterson. Exhibit A will be Jameis Winston.
Categories: News

With iOS 8, Some Once-Optional Apps Get Promoted to Home Screen Defaults

Forbes - 2 hours 37 min ago
Apple's new iOS 8 mobile operating system is all about, if nothing else, reimagining many of Apple's native apps. So if you've got a new or newly upgraded iPhone (or iPad or iPod Touch), you may have seen a few new icons pop up on your home screen. But mixed in with the all-new or drastically reconfigured Photos, Messages, and Health apps are a few Apple apps that have been promoted from find-them-in-the-App-Store-downloads to baked-into-iOS-standbys. In particular: iBooks and Podcasts—once-optional Apple reading and listening programs that now come standard.
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Alex Salmond, the populist Scottish politician who would knock the ‘Great’ out of Britain

canada.com - 2 hours 41 min ago
Salmond's focus on independence appears all-consuming as he speaks. Even as his words at times careen wildly from the statesmanlike to the bullying
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Federal Reserve signals faster but still slow path for rate rises

Reuters - 2 hours 52 min ago
WASHINGTON (Reuters) - Federal Reserve officials nudged their expected path of interest rate increases higher on Wednesday, but did little to change the outlook for a long slow climb back up to normal monetary policy.
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Why Businesses Should Go Beyond 'Customer Service'

Mashable - 2 hours 55 min ago
This article is part of DBA, a new series on Mashable about running a business that features insights from leaders in entrepreneurship, venture capital and management.

You can find just about anything on Wikipedia these days. Its more than 4.5 million articles include bios on every World Cup soccer player, a page dedicated to the Stone Mountain Memorial half dollar, a list of the largest buildings in the world and more. But there isn’t a Wikipedia page on a certain business philosophy that I’m finding more and more important every day: customer success. Customer success isn’t about good service at a four-star restaurant or getting a support ticket answered. Service and support have always been key components of success stories in the retail, hospitality and tech industries, but nowadays ecommerce companies, hospitality giants and restaurant groups are taking this to a whole new level based on the understanding that successful customers lead to a wildly successful company. They might not use the term “customer success” to describe their values, but they’re going beyond typical customer service, integrating a focus on delighting their clientele into their culture, practices and leadership Read more...More about Business, Data, Customer Service, Dba, and Small Business
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A case of buyer’s remorse? What went wrong at U.S. Steel Canada

canada.com - 3 hours 3 min ago
U.S. Steel’s problems in Canada were long in the making. The company has already made major cuts to the former Stelco’s operations, despite promises to the federal government that it would employ an average of 3,105 workers and increase production by 10%
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Kia Soul aces IIHS crash test, Forte is 'marginal'

USA Today - 3 hours 3 min ago
Both improve, but one not as much as Kia surely hoped        
Categories: News

Steelworkers union ‘extremely concerned’ with U.S. Steel Canada restructuring

canada.com - 3 hours 14 min ago
Union leaders representing U.S. Steel Canada’s workers and retirees say they will fight to secure the “best outcome” for their members after the U.S. subsidiary was granted creditor protection
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Gehry's First Latin American Project To Debut In Pamana

Forbes - 3 hours 19 min ago
Gehry's makes his Latin American architectural debut this October with Panama's Biomuseo.
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Claman on Call: Musk Talks NASA Contract, Nevada Gigafactory

Fox Business - 3 hours 22 min ago
Welcome to Claman on Call. The markets may be closed, but FOX Business is always on call.
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Retail Hallucinations And The Pointlessness Of Owning A PlayStation 4 or Xbox One

Forbes - 3 hours 23 min ago
I gave it back. I could have afforded it, but only just barely and it would have hurt. So after a little less than a month with a PlayStation 4 I returned it to its chemical-scented packaging and got my money back. Sony’s newest console is one of the fastest selling game machines in the history of the industry, and its combined sales with the Xbox One is more than 70% higher than that of the PlayStation 3 and Xbox 360 over the same timeframe. There is an undeniable desire for these new machines, a hunger for change without knowing what exactly that change should entail. Nearly a year later, it remains unclear what's really different.
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Pier 1 Misses Street 2Q Forecasts

Fox Business - 3 hours 26 min ago
Pier 1 Imports on Wednesday reported net income of $9.2 million in its fiscal second quarter.
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About $50 Million Found in Batista Accounts

The Wall Street Journal - 3 hours 28 min ago
A federal judge said Wednesday that a freeze on businessman Eike Batista's assets has so far turned up about $50 million in his Brazilian bank accounts.
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Why Bosses and Employees Shouldn't Be Friends

huffingtonpost.ca - 3 hours 30 min ago
Can a boss really be friends with his or her employee? No, according to several human resources professionals. And I agree.

Some years ago, I became good friends with a now-former manager. He and I played squash, had friends and acquaintances in common and supported each other in our personal lives. Then, a client at the firm where we worked decided he wouldn't pay his invoices due to what he called poor service from the account executive on the business -- me. For him to pay his bills, he said I would have to be fired. And fired I was -- by my boss and (I thought) friend. As the adage goes, "Nothing personal, it's just business."

Hiring friends can create similar issues. I was once hired by the second in command to the firm's CEO, who had been a personal friend of mine for many years. Once word of my long-time friendship with the CEO got out, colleagues thought I would keep him posted on office goings-on or have an unfair advantage at performance review time, resentment started to build up. The CEO and I parted company, still friends, shortly thereafter.

Business is global and more competitive than before and managers' loyalty is to the bottom line (and their bonuses). Employees can source 10 job opportunities online during their commute and respond with a resume before the train arrives at the station.

When spending 10 or more hours together in the workplace, relationships (romantic and otherwise) are bound to result.

So, here are 10 reasons why a boss/employee relationship is not a good idea:

  1. Perceptions of favouritism may emerge among the co-workers of the employee who is friends with the boss, leading to resentment.


  2. The employee may be asked by the boss to do something that is business related in support of their friendship, even though they may not agree with the suggested strategy or task.


  3. Lines between a business relationship and friendship can blur at review time. Unless the manager is very generous, the employee may feel short-changed following a salary review. Even if the boss grants a raise, not even the employee will be sure it was performance-related.


  4. It can be difficult for close friends to be critical of one another. Business growth relies on unbiased performance evaluations. It can be even more difficult to fire a friend. Imagine having to terminate a close friend, let alone the impact on the rest of the team.


  5. Some managers and employees strike up friendships with one another as a means to an end. True friendship that lasts is unconditional and based on creating career wins for one another.


  6. The gap between a boss and an employee will always be there in the eyes of management and subordinates. Unlike friendship, this is not a relationship between equals.


  7. Managers are responsible for the productivity of their employees and are paid to monitor their performance as it affects the company's bottom line. Friends encourage but never monitor one another, so this creates a conflict of interest.


  8. In professional relationships such as those with a therapist, accountant, or doctor, the chances of a confidence you shared are far less likely to come back to haunt you as in a corporate environment.


  9. When it comes time for promotions, an employee may have expectations that as a friend, the boss will promote them. A boss needs to go beyond personal feelings and promote the best person for the job, not a friend. This could create tension both in and out of the workplace.


  10. If managers have employees who double as their friends, or have a few friends working on their team, they may take negative feedback in surveys or reviews personally, resulting in personal morale and productivity issues.


Bosses can occasionally be great to hang out with after work but everyone needs to have their own space and lives. The need for a healthy interaction between work and personal life limits the extent of the boss/employee friendship. If you see someone in a stressful work environment five days a week, do you really want to be around him or her in off-work hours?

It is hard to build a close "friendship" with people who also see you as motivator, mentor, coach, and (perhaps occasionally) judge.

If you are a manager who happens to hit it off with one of your employees, be friendly while showing professional courtesy and keeping the boundaries firmly, but respectfully, in place.
Categories: News

Dow ends at record after Fed maintains low rates

philly.com - 3 hours 32 min ago
NEW YORK (AP) - The Dow Jones industrial average is closing at a record high after the Federal Reserve maintained its stance on record-low interest rates.
Categories: News

Wrong Assumptions Create Lousy Results - Sony, McDonald's, Radio Shack, Sears

Forbes - 3 hours 33 min ago
Businesses rarely fail due to weak execution. They fail because markets shift, and their value proposition implementation becomes obsolete. Leaders can change that outcome.
Categories: News

Jimmy Choo to Pledge Industry-Beating Growth in Expected IPO

Fox Business - 3 hours 35 min ago
Luxury shoe brand Jimmy Choo will seek to woo investors with a share market flotation prospectus promising industry-beating annual sales growth of more than 10 percent on the back of aggressive expansion plans in Asia and elsewhere, a source close to the deal told Reuters.
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