A new Government Accountability Office report says U.S. military installations around the globe are vulnerable to crippling cyber attacks, citing utility control systems that "have very little in the way of security controls and cybersecurity measures in place."
Newly independent Lands' End is worth less than half what Sears paid for it in 2002, and CEO Federica Marchionni says the company's comeback plan includes building a "global lifestyle brand" focused on timeless wardrobe staples rather than fast fashion.
An Ohio junior high school is pairing an overhauled menu that features more healthy foods with a cafeteria remodel that added a serving line and models displays after the fast-food industry. "Placement, color, and variety makes the food more appealing to the students," said Lila Szozda, child nutrition director for Perrysburg Schools.
Deutsche Boerse is the latest exchange to challenge the dominance of banks in foreign exchange trading by purchasing 360T. Six months ago, BATS Global Markets bought Hotspot FX for $365 million. The moves indicate banks' role in the FX market could be changing as exchanges seek drivers of growth.
Wendy's is beginning a test this week of antibiotic-free chicken in four markets. The current company policy already bans the use of chicken that has antibiotics "medically important to humans for the sole purpose of growth promotion."
Health care costs have increased at a slower pace than core consumer prices over the past five years, according to a Goldman Sachs research note. This is the first time that's happened since 1959, and economist Alec Phillips said the trend can be partly attributed to government reductions in Medicare and Medicaid payments and slower wage growth in the health care sector.
Burger King is hoping to reach more mobile customers by expanding its payment partners. The chain already accepts PayPal and will add MasterCard's MasterPass payment options to its mobile application in the coming months.
Best Buy will start selling the Apple Watch and Apple Watch Sport at more than 100 U.S. stores, in an effort to expand the gadget's availability in advance of the upcoming holiday season, Apple announced. Apple Watches are currently available at Apple stores, and the addition of the Best Buy stores will give shoppers more than 300 stores to choose from to purchase Apple Watches.
Vizio is gearing up to go public, aiming to raise $172.5 million from its initial public offering. In its filing, the company revealed a new business plan that pins future revenues largely on selling viewer data to advertisers. The TV and soundbar vendor racked up $3.1 billion in revenue and $45 million in net income last year.
Sanofi's Genzyme unit agreed to pay as much as $300 million to acquire AstraZeneca's medullary thyroid carcinoma drug Caprelsa, or vandetanib. Under the terms of the deal, AstraZeneca is entitled to receive an upfront payment of $165 million and up to $135 million in potential milestone payments. The acquisition, which will be completed later this year, will strengthen Genzyme's endocrinology portfolio.
Samsung Electronics is expected to release the Galaxy S6 Edge Plus, a bigger version of its flagship smartphone, at an Aug. 13 event at New York's Lincoln Center, per a report that notes the phone-maker has moved up its launch date to better compete with Apple's expected new iPhone. The report notes that Samsung could run the risk of cutting into sales of its popular series of large-screen Galaxy Note "phablets."
The Interstate Highway System, made possible with the establishment of the Highway Trust Fund, revolutionized the country and left a lasting legacy, writes ASCE President Robert D. Stevens. But he contends the country has lost its way and needs to establish a new vision for infrastructure. ASCE's "Infrastructure Game Changers" report notes new advances in energy, water, freight and transportation technology that, if invested in and replicated, would make infrastructure "fit for the future" and able to "handle tomorrow's challenges."
Sen. Lisa Murkowski, R-Alaska, has attached to her energy bill a provision that would extend energy companies' Arctic development leases for 10 more years. Murkowski's bill would repeal the ban on crude exports, develop offshore revenue sharing for coastal states and broaden offshore drilling. The Senate Energy and Natural Resources Committee will take up the bill through next week.
The U.S. House of Representatives yesterday passed bills requiring the Transportation Security Administration to beef up employee screening, perform regular maintenance on screening equipment and expand the expedited passenger screening program.
The Four Seasons' new Suite Hotel California Coastal Tour is designed to give guests a high-end road-trip experience. The tour takes guests on a trip to seven of its California properties that will allow them to experience local culture at its finest.