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NPR

Eli Lilly To Lay Off 30 Percent Of U.S. Sales Force

The Indianapolis-based pharmaceutical company announced on Thursday that about 1,000 sales representatives will lose their jobs. The Wall Street Journal reports the company made the move to cut costs so it can better compete with generic drug makers.
NPR

Burger King CEO To Run Heinz

Bernardo Hees, 43, has been wearing the Burger King crown since 2010 when the fast food chain was bought by 3G Capital. Earlier this year, 3G Capital bought Heinz for $23 billion.
NPR

Judge Rejects $20 Million Severance For American Airlines CEO

The judge says the severance would violate a federal code aimed at reining in large payouts to departing CEOs of bankrupt companies.
NPR

Wholesale Prices Plunge, But So Do Retail Sales

The good news: Inflation remains in check. The bad news: Consumers were less willing to spend last month.
WAMU 88.5

D.C. Scratch-Off Lottery Vendor Avoids Participation Law

A company just granted a four-year contract to run the scratch-off lottery ticket program in the District has evaded a law mandating it to employ local labor for seven years.

NPR

Startup CEO Wields Small Antenna In TV Streaming Battle

Television networks are up in arms. The new company Aereo is charging a monthly fee to provide a high-definition feed of the basic over-the-air channels, and the stations aren't seeing a penny of it. But CEO Chet Kanojia thinks he's figured out a legal loophole.
NPR

The Tax Code, Translated Into Plain English

Intangible drilling costs! De minimis fringe! And other essential corners of the tax code, explained.

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