Apple saves on rent thanks to long iPhone lines
All 31 banks subjected to the Federal Reserve’s stress tests passed the first round last week, showing they can continue to lend even amid economic collapse. But the second round of results, due Wednesday, might not go quite as well for all the banks.
That’s where the Dow Jones Industrial average would have sat Tuesday, in theory, if Apple had joined in 2008 instead of Bank of America, Bloomberg reported. In reality, Apple joined this week, displacing AT&T and B of A left in 2013.
Speaking of Apple, that’s the portion of sales its retail stores pay for space in American malls, the Wall Street Journal reported. Compare that to the up to 15 percent other retailers typically pay per square foot. Apple has reportedly negotiated for lower rent because of their stores’ massive draw.
That’s how much General Motors is giving back to shareholders in dividends and stock buyback, quelling a potential spat with activist investors. But the move could mean GM will lose some ground as it attempts to keep wages down during negotiations with the autoworkers union this summer.
The number of deaths tied to film or TV production from 2010 to 2014, doubling the previous five years. An LA Times investigation found the uptick is tied in part to reality TV production and the drive to create thrilling footage
The damages an LA jury ordered “Blurred Lines” co-writers Robin Thicke and Pharrell Williams to pay Marvin Gaye’s family for infringing on Gaye’s “Got to Give it Up” copyright with the 2013 megahit. Quartz joins the flurry of “soundalike” lists with a playlist, so you can decide for yourself who’s a copycat and who’s not.
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