African-American CEOs still rare
The United States government has a black chief executive. But 99% of the nation’s largest businesses do not.
Murray Lender, of Lender’s Bagels, dies at 81
Murray Lender, who helped make bagels a breakfast staple for Americans nationwide with Lender’s Bagels, has died at the age of 81. A spokeswoman for Pinnacle Foods, which now owns the Lender’s brand, said Lender passed away on Wednesday. Lender’s was founded in 1927 by Harry Lender, a Polish immigrant and Murray’s father. It started as a family bakery in New Haven, Connecticut, beginning frozen bagel production in 1962 as Murray and his brother Marvin led the company’s expansion. The Lenders eventually sold the business to Kraft Foods in 1984, and it was acquired by Pinnacle in 2004. “Murray was crucial in the development and expansion of the Lender’s bagel brand,” Pinnacle spokeswoman Elizabeth Rowland said in a statement. “His innovative idea of freezing fresh bagels made it possible to distribute Lenders nationally and for consumers all across America to experience an authentic New York style bagel.”
Americans now watch more online movies than DVDs
U.S. movie buffs will pay to watch more movies online in 2012 than they will on physical video formats like DVD. That historic first marks a tipping point for Hollywood — and its business model.
Stocks fall on global growth jitters
U.S. stocks fell Thursday, as investors were rattled by worries of a global growth slowdown.
Senate passes IPO bill, goes back to House
The Senate on Thursday passed a bill making it easier for more companies to become publicly traded by bypassing audits and disclosures now required for investors.
Bernanke: Fed didn’t cause housing bubble
The Federal Reserve isn’t to blame for the housing bubble, Ben Bernanke told a lecture hall full of college students Thursday.
IBM program promises help to small suppliers
Small suppliers looking to get online face time with big companies are getting a little help, thanks to a website launched by IBM Thursday.
Senate bans insider trading on Capitol Hill
The Senate on Thursday overwhelmingly passed a bill that makes it illegal for lawmakers and their staffs to make Wall Street trades based on insider information.
Job challenges loom for war vets
Veterans of the wars in Iraq and Afghanistan face unique hurdles in an already tough job market.
Nokia eyes tattoos that talk to your phone
Nobody likes a loud ringtone, and if you don’t have your phone close by, you might not feel it vibrate. Finnish-based Nokia has a potential solution, with just one catch: You need to get a tattoo.
