Business

Workplace Theft Is on the Rise

Workplace Theft Is on the Rise

Business
James GrahamYour office is a den of thieves. Don’t take my word for it: When a forensic-accounting firm surveyed workers in 2013, 52 percent admitted to stealing company property. And the thievery is getting worse. The Association of Certified Fraud Examiners reports that theft of “non-cash” property—ranging from a single pencil in the supply closet to a pallet of them on the company loading dock—jumped from 10.6 percent of corporate-theft losses in 2002 to 21 percent in 2018. Managers routinely order up to 20 percent more product than is necessary, just to account for sticky-fingered employees.Some items—scissors, notebooks, staplers—are pilfered perennially; others vanish on a seasonal basis: The burn rate on tape spikes when holiday gifts need wrapping, and parents ransack the supply cl
Why Ford Hired a Furniture Maker as CEO

Why Ford Hired a Furniture Maker as CEO

Business
Todd St. JohnIf, as Ralph Waldo Emerson said, “an institution is the lengthened shadow of one man,” the story of the American economy can be told by the types of people who run its corporations. The early days of mass production belonged to mechanically minded men such as Henry Ford. The creation of mass markets called forth salesmen such as Thomas Watson Sr., whose faithful troops sang “Ever onward IBM!” After the conglomerate craze of the 1960s and ’70s, almost a third of CEOs hailed from finance and accounting backgrounds. Then a crop of technologists, such as Andy Grove and Bill Gates, arrived.So it came as a surprise last spring when Ford Motor Company selected a chief executive who hadn’t been reared in Detroit and didn’t easily fit established CEO molds. He was a furniture maker. Ji
Israel stocks higher at close of trade; TA 35 up 0.05%

Israel stocks higher at close of trade; TA 35 up 0.05%

Business
Israel stocks higher at close of trade; TA 35 up 0.05% Investing.com – Israel stocks were higher after the close on Sunday, as gains in the Oil & Gas, Biomed and Insurance sectors led shares higher. At the close in Tel Aviv, the TA 35 gained 0.05% to hit a new 1-month high. The best performers of the session on the TA 35 were Liveperson (TA:LPSN), which rose 2.85% or 243 points to trade at 8765 at the close. Meanwhile, Delek Drilling LP (TA:DEDRp) added 2.78% or 31 points to end at 1147 and Bazan Oil Refineries Ltd (TA:) was up 1.53% or 2.7 points to 179.5 in late trade. The worst performers of the session were OPKO Health Inc (TA:OPK), which fell 3.60% or 49 points to trade at 1313 at the close. Teva Pharmaceutical Industries Ltd (TA:TEVA) declined 1.91% or 139 point
Trump says sending military to Venezuela ‘an option’: CBS

Trump says sending military to Venezuela ‘an option’: CBS

Business
© Reuters. Rally against Venezuelan President Nicolas Maduro's government in Caracas WASHINGTON (Reuters) - U.S. President Donald Trump said that sending the military to Venezuela was "an option" and that he had turned down President Nicolas Maduro's request for a meeting. "Certainly, it's something that's on the - it's an option," Trump said in an interview with CBS to be broadcast on Sunday. Trump said Maduro requested a meeting months ago and he turned down the Venezuela leader. "I've turned it down because we're very far along in the process," he said in excerpts from a CBS "Face the Nation" interview. "So, I think the process is playing out - very, very big tremendous protests." Te
Egypt to consider longer presidential term: lawmaker

Egypt to consider longer presidential term: lawmaker

Business
© Reuters. Egyptian President Abdel Fattah al-Sisi arrives at the airport in Amman By Mohamed Abdellah CAIRO (Reuters) - Egypt will consider extending the presidential term to six years from four, a senior lawmaker said on Sunday, which could allow President Abdel Fattah al-Sisi to stay in power beyond 2022, when his second term is due to end. The speaker of Egypt's parliament, Ali Abdelaal, said he had received a motion from lawmakers proposing constitutional amendments which will be considered by parliament after the motion is discussed in committee. He gave no details on the proposed changes. But Abdel-Hadi al-Qassabi, head of the Support Egypt parliamentary bloc that is sponsoring the amendments, said the proposed changes included extending the presidential term
Golf: Johnson holds off Li to win Saudi International

Golf: Johnson holds off Li to win Saudi International

Business
© Reuters. FILE PHOTO: The 2018 Ryder Cup (Reuters) - World number three Dustin Johnson won the inaugural Saudi International by two strokes on Sunday, holding off China's Li Haotong to claim his sixth European Tour title. Johnson and Li entered the final day's play tied on 16-under at the top of the leaderboard, and the American struck five birdies along with two bogeys to sign for a 67 in his final round and end the week on 19 under par. Li, who edged a stroke ahead of Johnson before the turn but fell back after three bogeys on the back nine, settled for second place after carding a one-under-par 69 in his final round in King Abdullah Economic City. Englishman Tom Lewis, who began the day by making five birdies in a row, finished third after signing for a 65
Report: Lakers’ vets, Walton get heated after loss

Report: Lakers’ vets, Walton get heated after loss

Business
© Reuters. FILE PHOTO: NBA: Los Angeles Lakers at Houston Rockets Some Los Angeles Lakers players had a heated verbal exchange with coach Luke Walton after Saturday night's loss to the Golden State Warriors, according to The Athletic's Shams Charania. Charania reported that some Lakers veterans, though only Michael Beasley is named, "had an emotionally charged verbal exchange" with Walton after he began speaking about playing unselfishly during his postgame address to the team. The dispute, while said to be heated, did not turn physical, according to the report. Playing without LeBron James again, the Lakers had rallied to take a 10-point lead in the third quarter but let it slip away in a 115-101 loss. James is expected to return when the Lakers visi
Review: Chef Aaron Silverman’s Little Pearl Offers More Inclusive Fine Dining to the Congressional Crowd

Review: Chef Aaron Silverman’s Little Pearl Offers More Inclusive Fine Dining to the Congressional Crowd

Business
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How to Watch the 2019 Super Bowl Online for Free

How to Watch the 2019 Super Bowl Online for Free

Business
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Nissan Won’t Make the X-Trail SUV in U.K., Citing Brexit

Nissan Won’t Make the X-Trail SUV in U.K., Citing Brexit

Business
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Trump Says He’s Inclined to Keep a Base and Troops in Iraq to ‘Watch’ Iran

Trump Says He’s Inclined to Keep a Base and Troops in Iraq to ‘Watch’ Iran

Business
Welcome! To bring you the best content on our sites and applications, Meredith partners with third party advertisers to serve digital ads, including personalized digital ads. Those advertisers use tracking technologies to collect information about your activity on our sites and applications and across the Internet and your other apps and devices. You always have the choice to experience our sites without personalized advertising based on your web browsing activity by visiting the DAA’s Consumer Choice page, the NAI's website, and/or the EU online choices page, from each of your browsers or devices. To avoid personalized advertising based on your mobile app activity, you can install the DAA’s AppChoices app here. You can find much more information about your privacy choices in our pr
French minister says EU competition rules ‘absurd’

French minister says EU competition rules ‘absurd’

Business
© Reuters. FILE PHOTO: French Minister for European Affairs Nathalie Loiseau attends the questions to the government session at the National Assembly in Paris PARIS (Reuters) - France's Europe affairs minister said on Sunday the bloc's competition rules were absurd and needed to be overhauled, citing the difficulties Alstom (PA:ALSO) and Siemens are facing over their planned rail business merger. "I'm not criticizing the (European) Commission for applying the rules ... But these rules are absurd and were set up in the 20th century and we're in 2019," Nathalie Loiseau told LCI television. The European Commission is set this week to block the tie-up, a deal which Loiseau has said is necessary to let them compete against a much bigger Chinese
Netanyahu’s Likud uses Trump photo in Israeli election billboard

Netanyahu’s Likud uses Trump photo in Israeli election billboard

Business
© Reuters. FILE PHOTO: U.S. President Donald Trump and Israeli Prime Minister Benjamin Netanyahu wave after Trump's address at the Israel Museum in Jerusalem TEL AVIV (Reuters) - A giant billboard of a smiling Donald Trump shaking hands with Prime Minister Benjamin Netanyahu loomed over a main entrance to Tel Aviv on Sunday, part of the Israeli leader's re-election campaign. Trump is popular in Israel because of his tough policies toward the Palestinians and Iran and his transfer last May of the American Embassy from Tel Aviv to Jerusalem, which he recognized as Israel's capital in a break from long-standing U.S. policy. "Netanyahu. In another league," read the Hebrew-language billboard, in a swipe at the caliber of the veteran prime minister�
Turkey says countries supporting Guaido fuel Venezuela crisis

Turkey says countries supporting Guaido fuel Venezuela crisis

Business
© Reuters. Turkish Foreign Minister Cavusoglu talks during a news conference in Ankara ISTANBUL (Reuters) - Turkey's foreign minister said on Sunday countries which have recognized Venezuela's self-proclaimed interim president Juan Guaido were fueling Venezuela's troubles and punishing millions of its people. Turkey has backed Venezuela's President Nicolas Maduro in contrast with NATO allies the United States and Canada, and several right-leaning Latin American countries which have recognized Guaido's move to declare himself interim leader. Turkey's President Tayyip Erdogan, who has strengthened economic and political ties with Caracas, called Maduro last month to urge him to stand tall against what he described as "anti-democratic deve
Kosovo’s parliament approves 2019 budget, avoids crisis

Kosovo’s parliament approves 2019 budget, avoids crisis

Business
© Reuters. Kosovo's Prime Minister Haradinaj talks during an interview withe Reuters in Pristina By Fatos Bytyci PRISTINA (Reuters) - Kosovo's parliament approved the 2019 budget on Sunday after an opposition party agreed to support the minority government two days after the deadline expired, forcing a temporary halt in all state spending. The budget passed with 65 votes in the 120-seat parliament. The coalition government, which holds 53 seats, negotiated the support of the opposition Social Democrat Party (PSD). Parliament also passed a bill raising public wages. Teachers ended a strike on Friday after reaching a deal with the government, meaning half million pupils and students will go back to school on Monday after three weeks away. Workers in the energy se
Iraqi novelist gunned down in Kerbala

Iraqi novelist gunned down in Kerbala

Business
Iraqi novelist gunned down in Kerbala KERBALA, Iraq (Reuters) - A motorcycle gunman shot dead an Iraqi novelist close to his house in the Shi'ite holy city of Kerbala on Saturday, police and eyewitnesses said. Alaa Mashzoub, 50, was on his way home when he was shot multiple times, police said late on Saturday. It was unclear what the motive was and no group has claimed responsibility, they added. "The cultural scene has lost one of its special authors and creators," Iraq's Culture and Tourism Minister Abdul Amir al-Hamdani said in a statement on Sunday. Mashzoub was active in local Kerbala civil society. Iraq's writers union condemned the shooting and blamed security forces for not doing enough to protect intellectuals. "The union holds the...
All of Your 2019 Super Bowl Questions Answered

All of Your 2019 Super Bowl Questions Answered

Business
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Top 25 roundup: Indiana stuns No. 6 Michigan State

Top 25 roundup: Indiana stuns No. 6 Michigan State

Business
© Reuters. NCAA Basketball: Indiana at Michigan State Indiana, entering play Saturday with a seven-game losing streak and the worst 3-point shooting percentage in the Big Ten, shot 50 percent from long range to upset No. 6 Michigan State 79-75 in overtime at East Lansing, Mich. The Hoosiers (13-9, 4-7 Big Ten) sank 10 of 20 from 3-point range, including 7 of 10 in the second half, to win for just the second time in their last 23 trips to the Breslin Center. Romeo Langford scored 19 to lead the way while Aljami Durham scored 14. It was Michigan State's first game since learning junior guard Joshua Langford (foot) was lost for the season, and the Spartans failed to find any offensive flow and were terrible from the free-throw line. The defeat gives Michigan State (18-
El Salvador votes for new president, with anti-corruption outsider in lead

El Salvador votes for new president, with anti-corruption outsider in lead

Business
© Reuters. FILE PHOTO: Presidential candidate Nayib Bukele, of the Great National Alliance (GANA) participates in a rally to close his election campaign in downtown San Salvador By Nelson Renteria and Noe Torres SAN SALVADOR (Reuters) - Salvadorans will vote in the first round of a presidential election on Sunday, with an energetic former mayor campaigning as an anti-corruption outsider set to win the top job and end decades of a two-party system. Nayib Bukele, 37, has capitalized on the anti-establishment feeling sweeping elections across the region and further afield, as voters seek an alternative to traditional parties. Since the end of its bloody civil war in 1992, El Salvador has been governed by just two parties: ruling leftists the Farabundo Marti National Liberat
Alfonso Cuaron wins at Directors Guild for ‘Roma,’ Cooper empty-handed

Alfonso Cuaron wins at Directors Guild for ‘Roma,’ Cooper empty-handed

Business
© Reuters. 71st Directors Guild Awards 2019 LOS ANGELES (Reuters) - Alfonso Cuaron was named best director by his peers on Saturday for his semi-autobiographical film "Roma," cementing his front-runner status ahead of the Oscars in three weeks time. In one of the last major Hollywood ceremonies before the Feb. 24 Oscars, the Directors Guild of America (DGA) awarded its top prize to the Mexican director for his critically-acclaimed black and white movie about a domestic worker in 1970s Mexico. "Roma" has 10 Oscar nominations, including best director and best picture. The Directors Guild of America (DGA) award is one of the top indicators of Oscar glory. All but seven of the DGA winners since 1948 have gone on to win the best director Oscar, and often t
Syrian media cites source saying U.S.-led jets attacked army

Syrian media cites source saying U.S.-led jets attacked army

Business
© Reuters. Syrian media cites source saying U.S.-led jets attacked army BEIRUT (Reuters) - Syrian state media, citing a military source, said U.S.-led jets attacked a Syrian army position near the battle front against the last Islamic State pocket east of the Euphrates late on Saturday, causing damage and injuries. "U.S. coalition aircraft launched an aggression this evening against one of the Syrian Arab army formations operating in the Albukamal area in the southeastern countryside of Deir al-Zor," state news agency SANA cited the source as saying early on Sunday. The attack injured two soldiers and destroyed an artillery piece, the source added. The U.S.-led coalition against Islamic State could not be immediately reached for comment. It has previously denied
Seven passengers killed when train derails in eastern India

Seven passengers killed when train derails in eastern India

Business
© Reuters. Seven passengers killed when train derails in eastern India NEW DELHI (Reuters) - Seven passengers were killed and several others injured when a Delhi-bound train derailed in India's eastern state of Bihar on Sunday, railways officials said. Eleven coaches of the Seemanchal Express left the rails near Sahadai Buzrurg railway station, about 50 km (30 miles) from the state capital, Patna, early in the morning, the railways ministry said in a statement. It marked a bad start to the year for India's troubled railways. Sixty people were killed last year when a commuter train traveling at a high speed ran through a crowd of people on the rail tracks in northern India. India's state railways, largely built during colonial rule, have an appalling safety
Spotify Said to Be in Talks to Buy Podcast Giant Gimlet for $200 Million

Spotify Said to Be in Talks to Buy Podcast Giant Gimlet for $200 Million

Business
Welcome! To bring you the best content on our sites and applications, Meredith partners with third party advertisers to serve digital ads, including personalized digital ads. Those advertisers use tracking technologies to collect information about your activity on our sites and applications and across the Internet and your other apps and devices. You always have the choice to experience our sites without personalized advertising based on your web browsing activity by visiting the DAA’s Consumer Choice page, the NAI's website, and/or the EU online choices page, from each of your browsers or devices. To avoid personalized advertising based on your mobile app activity, you can install the DAA’s AppChoices app here. You can find much more information about your privacy choices in our pr
Google+ Will Officially Shut Down on April 2

Google+ Will Officially Shut Down on April 2

Business
Welcome! To bring you the best content on our sites and applications, Meredith partners with third party advertisers to serve digital ads, including personalized digital ads. Those advertisers use tracking technologies to collect information about your activity on our sites and applications and across the Internet and your other apps and devices. You always have the choice to experience our sites without personalized advertising based on your web browsing activity by visiting the DAA’s Consumer Choice page, the NAI's website, and/or the EU online choices page, from each of your browsers or devices. To avoid personalized advertising based on your mobile app activity, you can install the DAA’s AppChoices app here. You can find much more information about your privacy choices in our pr