Originally published on Mon September 22, 2014 4:40 pm
Marvel's latest superhero, Captain Citrus, draws his power from the sun and hails from a Florida orange grove. And here's his true origin story: He was developed by Marvel for Florida's citrus growers, who hope the hero will use his powers to help them sell more orange juice.
Captain Of An Industry
Marvel's successful films and comics, from Spider-Man to The Avengers to Guardians of the Galaxy, have made them a hit with not just audiences, but also businesses.
Originally published on Mon September 22, 2014 10:15 am
Catholic and other religious hospitals and universities have been arguing in federal court for much of the past two years that they shouldn't have to offer or facilitate birth control as part of their employee health plans because it violates their religious beliefs.
But what happens when the insurance company is itself Catholic? It turns out that Catholic health plans have for years been arranging for outside firms to provide contraceptive coverage to their enrollees.
Originally published on Wed September 17, 2014 12:04 am
Back in school, did you ever fudge the spacing on a report to meet the teacher's page-length requirement? Lawyers representing oil company BP tried something similar in a recent court filing connected to the company's 2010 drilling rig accident and oil spill in the Gulf of Mexico.
BP was to blame — that was U.S. District Judge Carl Barbier’s ruling a week ago in the case over the Macondo well disaster. The judge found Transocean, which was operating the Deepwater Horizon rig in 2010, and cement contractor Haliburton at fault too. But Barbier said BP was guilty of “gross negligence”. And that could mean that payouts by BP balloon to $50 billion or more ultimately.
Dr. Jim Richardson, professor of public administration and economics at LSU explains some of the business implications.
Originally published on Wed September 10, 2014 9:56 am
Chances are your local mall is hurting. There are roughly 1,200 enclosed malls in the U.S. and only about a third of them are doing well.
Online shopping, the recession and demographic shifts are some of the factors killing shopping malls. And as these changes leave behind huge concrete carcasses, they're being "reimagined" into everything from medical centers to hockey rinks.
The oil giant BP said the legal battle over its 2010 oil spill isn't over. The company plans to appeal the federal judge's ruling yesterday, which said BP's reckless conduct and gross negligence caused the largest offshore oil disaster in U.S. history. BP's stock took a hit after the decision, which exposes the oil company to potentially billions more in financial penalties for polluting the Gulf of Mexico. This decision was welcomed news along the Gulf Coast.
Originally published on Thu September 4, 2014 3:59 pm
CVS Caremark has pulled cigarettes from its shelves a month ahead of schedule.
In February, CVS, one of the nation's largest drugstore chains, said it would stop selling tobacco products by October, despite the profits they brought the company. Now cigarettes in the company's stores are history.