All Business News
Top editor picks, summarized for you
5/5/2016

Tesla has 400,000 pre-orders for its Model 3 and announced plans to produce 500,000 cars a year by 2018. The flip side of that enthusiasm and ambitious targeting is that Tesla has routinely missed production and delivery deadlines, and its 2015 deliveries amounted to only 10% of what it hopes to deliver in 3 years. Furthermore, two manufacturing executives, including the head of car production, are leaving the company.

Full Story:
Bloomberg, Bloomberg
More Summaries:
Tesla, car production
5/5/2016

President Abraham Lincoln was a famously skilled team builder, but one of his rare mistakes was making George McClellan the general-in-chief of the Union Army. McClellan's tenure was a master class in how not to lead, marked by procrastination, insubordination, buck-passing and abuse of power. "These characteristics practically define what it means to be a weak leader," Michael Hyatt writes.

Full Story:
MichaelHyatt.com
5/5/2016

Work anniversaries and promotions are great times to ask your boss for a raise, writes Ted Leonhardt. Other good times to bring up the subject are when you've received an increase in responsibilities, the company is doing well and when you get an offer from another firm, Leonhardt writes.

Full Story:
Fast Company online
More Summaries:
Ted Leonhardt
5/5/2016

Private-sector recruitment is increasing, with more companies making permanent job offers and bumping up benefits to attract talent, recruiters say. "It's a candidate's market now," says Manpower recruiter Frank Armendariz. "There's a race for the top talent,"

5/5/2016

Google, Salesforce and Facebook top a list of highest-paying companies in the US, with employees with at least five years of experience earning a median annual salary of more than $130,000. Apple, Intel, Allergan, and Johnson & Johnson also are on the list, which suggests increased satisfaction is tied to higher compensation.

Full Story:
Business Insider
5/5/2016

Many small businesses in the US are eager to start doing business with Cuba, but a number of hurdles remain. There's still the embargo Congress passed in 1960, and Cuba may put its own restrictions on trade. In Cuba, "There's this great desire but also some apprehension" about doing business with American companies, said Maria Contreras-Sweet, head of the US Small Business Administration.

Full Story:
The Associated Press
More Summaries:
Maria Contreras-Sweet, Congress
5/5/2016

A law scrapping protections for North Carolina's LGBT residents is in violation of federal law, the Justice Department has ruled, leaving the state at risk of losing billions of dollars in federal aid if it enforces the law. The measure, known as HB2, could put $1.4 billion in university funding and $861 million in school funding at risk if it remains on the books.

5/5/2016

A fractious primary campaign has left the Republican Party deeply divided, and it's unclear whether Donald Trump will be able to rally the troops as he pivots to the general election. In a bid to patch up his party, Trump on Wednesday announced that he would begin actively fundraising, perhaps in partnership with the Republican National Committee -- a potentially embarrassing shift given that Trump made his financial independence a centerpiece of his primary campaign.

5/5/2016

Republicans may not be thrilled to have Donald Trump as their nominee, but Democrats aren't effusively enthusiastic about Hillary Clinton either, data suggest. Both Clinton and Trump are their parties' least popular nominees in decades. "Voters see this campaign, for now, as truly a choice between the lesser of two evils," writes Harry Enten.

Full Story:
FiveThirtyEight
5/5/2016

Small businesses added 93,000 jobs last month, according to ADP. That was more than mid-size businesses, which created 39,000 jobs, and large companies, which hired 24,000 people.

Full Story:
USA Today