Business News
Review: Eero drastically improved my home Wi-Fi in about 10 minutes
Venture Beat - 27 Feb 2016 18:55
Eero is one hell of a fancy router. At almost $500 for a three-pack (and $200 a pop), Eero's router system is pricey. But the Eero ships with big promises: “No more buffering,” “No more dead zones," and "Wi-Fi that...
Bank's new compliance chief was previously disbarred for 'misappropriating' funds
New York Post - 27 Feb 2016 05:48
Ritu Singh, Santander Bank's interim head of compliance, didn't take the usual path to her power position. Before getting the job earlier this year, the 47-year-old banker was disbarred for "misappropriating client funds...
Yahoo may cede board seats to activist hedge fund
New York Post - 27 Feb 2016 05:05
At Yahoo!, the bargaining for board seats is about to begin. The embattled Web portal's board of directors is close to deciding to offer at least two seats to activist hedge fund Starboard Value as it looks to avert a lo...
Volkswagen Has Until March To Come Up With A Viable Diesel Emission Fix
Tech Times - 27 Feb 2016 16:27
Volkswagen needs to hurry with a definitive answer on whether it found a fix to the emissions issue which stirred a global scandal and numerous lawsuits. A U.S. judge set March 24 as the deadline for the fix update.
American Apparel employees suspended after protesting pay
New York Post - 27 Feb 2016 08:05
American Apparel may have emerged from bankruptcy this month, but it's still facing the same labor strife that has dogged it for nearly two years. On Friday, hundreds of sewing workers at two of its Los Angeles factories...
How AQR's Liquid Alternative Funds Are Outperforming Competitors
Barron's - 27 Feb 2016 07:30
Cliff Asness' approach has helped make AQR's liquid-alt mutual funds among the best in the business.
Apple Shareholders Reject Plan to Recruit Minorities for Top Positions
Time - 27 Feb 2016 17:03
Apple said the policy would be restrictive and unnecessary
Warren Buffett Just Attacked the Most Popular Idea in Economics
Time - 27 Feb 2016 16:48
In his letter to shareholders
Oscar Academy Sues Over Racy $230K Gift Bags
Forbes - 27 Feb 2016 16:44
Companies give free 'gifts' to celebs, but are they gifts? Not really, they are promotional, and their value is income reported on a Form 1099--even the racy items in this year's expensive bag worth $230,000!
Berkshire Hathaway net worth up $15.4 billion in 2015: annual letter
Market Watch - 27 Feb 2016 15:46
Berkshire Hathaway's net worth rose $15.4 billion in 2015, Chairman and CEO Warren Buffett says in his annual letter to investors.
The 10 biggest European tech stories this week
Venture Beat - 27 Feb 2016 08:26
Happy Friday! Here's an overview of the 10 biggest European tech news items this week from Tech.eu: 1) Done deal, one of the larger exits in European tech history: Activision Blizzard closes $5.9 billion acquisition of K...
New Ralph Lauren CEO shakes up brands faster than expected
New York Post - 27 Feb 2016 08:02
Stefan Larsson, the new chief executive at Ralph Lauren Corp., was expected to fashion a new business plan for the struggling apparel designer by May. But the apparel veteran appears to be tipping his hand early. Within ...
Oil And Gasoline Prices: Will Your Vacation Cost More?
Forbes - 27 Feb 2016 06:49
How much longer will crude oil and gasoline prices remain low? What factors are keeping prices down?
UC Berkeley alerts 80,000 to cyberattack on financial system
Miami Herald - 27 Feb 2016 03:56
The University of California, Berkeley says a hacker broke into a computer system holding financial data of 80,000 students, alumni, current and former employees. …
Fed's Transparency May Give Investors False Confidence, Economists Say
The New York Times - 27 Feb 2016 03:19
A paper by a group of economists argues that the Federal Reserve's efforts to speak more clearly about its plans for monetary policy set up markets for disappointments.
Warren Buffett's Concentrated Six Stock Portfolio
Forbes - 27 Feb 2016 00:27
Buffett’s famed annual letter is due to be released this weekend. With that, today we want to talk a bit about his record, his philosophy on markets and successful investing and the high conviction stocks that he has...
This perfect SAT scorer got rejected by the Ivy Leagues, but got on 'Shark Tank' and is now backed by Mark Cuban
Business Insider - 27 Feb 2016 23:23
Shaan Patel With a perfect SAT score, Shaan Patel thought he'd be able to get into one of his dream schools in the Ivy League. Unfortunately, that didn't happen, but Patel's fine with it. Instead, he's been able to build...
Proof phones are the future of VR, IoT, and all the other cool tech you're waiting for
Venture Beat - 27 Feb 2016 23:06
GUEST: The annual Mobile World Congress in Barcelona just wrapped up, and it has arguably become more important than even the giant Consumer Electronics Show in terms of indicating where technology is headed. Despite hig...
Stoughton police to offer station as 'online safe zone'
Miami Herald - 27 Feb 2016 23:01
Stoughton is the latest police department to offer its station as a "safe zone" for people conducting in-person exchanges of items bought online. …
Falling unicorn: Flipkart's value drops from $15 billion to $11 billion
Venture Beat - 27 Feb 2016 22:17
One of Morgan Stanley’s mutual funds has marked down by 27 percent the value of its investment in Flipkart, a high-flying Indian e-commerce firm. The mutual fund, called the Institutional Fund Trust Mid Cap Growth Port...
The Hottest Health Fad Of Late Hooks Shark Tank Deal
Forbes - 27 Feb 2016 21:49
The hottest health fad of late -- Cryotherapy -- reportedly detoxifies the body, reduces inflammation and stalls aging by encasing you in a nitrogen chamber, known as a Cryosauna, at below freezing temperatures in two- t...
The FBI's Apple hack would be a big, shiny gift to criminals
Venture Beat - 27 Feb 2016 21:11
GUEST: The FBI wants to compel Apple to write a new, modified operating system, load to it their central security key, and install it on a cell phone used by Syed Farook, one of the terrorists who carried out the San Ber...