Business News
Kentucky Derby 2018: The Mudders
Forbes - 5 May 2018 17:03
With rain forecast in Louisville this afternoon, which Derby runners have shown that they can run in the mud?
Buffett's Berkshire swings to rare loss but performs better
Reuters - 5 May 2018 16:50
OMAHA, Neb.
Cambridge Analytica's data may be sold to the highest bidder during bankruptcy (FB)
Business Insider - 5 May 2018 16:33
Pedro Nunes/Reuters Data research firm Cambridge Analytica got in trouble for allegedly illegitimately gaining access to the personal data of millions of Facebook users. The company says it's deleted that data, but that ...
Most Science Startups Fail. Here's Why:
inc - 5 May 2018 15:06
We need to get a lot better at bridging that gap between discovery and commercialization
Hard-line US demands on China raise stakes in trade talks
Miami Herald - 5 May 2018 06:45
A list of hard-line demands that the Trump administration handed China this week could make it even more difficult to resolve a trade conflict between the world's two largest economies. …
Going bankrupt? Here's what really happens when you file for bankruptcy
USA Today - 5 May 2018 16:30
Going bankrupt might seem like an extreme but attractive way to wipe your financial slate clean, but it's not a decision to take lightly. Here's how it works.
All the ways that Tesla could go bankrupt in the next year (TSLA)
Business Insider - 5 May 2018 14:57
For the first time in ten years, a Tesla bankruptcy is being seriously discussed. Tesla is currently under enormous financial stress. There are several ways that Tesla could end up in Chapter 11. Bob Lutz watched General...
Why Wall Street cheered April's mixed-bag jobs report
New York Post - 5 May 2018 04:24
Wall Street cheered a mixed-bag April jobs report on Friday -- buoyed by a drop in the unemployment rate to 3.9 percent, its lowest level in more than 17 years. Stocks moved broadly higher even though the 164,000 jobs ad...
Wells Fargo to pay $480M to settle suit tied to fake accounts
American Banker - 5 May 2018 02:08
The class-action lawsuit filed by investors alleged that bank executives deliberately failed to disclose the full nature of its cross-selling practices to shareholders.
Trump tells NRA, elect Republicans to save gun rights
Miami Herald - 5 May 2018 06:58
Months after the horror of the Parkland school shootings in Florida, President Donald Trump stood before cheering members of the National Rifle Association on Friday and implored them to elect …
10 Quotes From The 2 Best Entrepreneurial Minds Alive
inc - 5 May 2018 06:15
"Who, not how."Dan Sullivan
Warren Buffett gives Apple shares boost after stake reveal
New York Post - 5 May 2018 03:55
Wherever Warren Buffett goes, investors follow. Apple shares hit an all-time high Friday after the Berkshire Hathaway chief executive said his sprawling conglomerate bought an additional 75 million shares of the Cupertin...
The Dow Takes Investors on a Wild Ride to Nowhere
Barron's - 5 May 2018 02:58
The market could be stuck in a rut until the end of 2027. Bullish or bearish? Investors have a third choice: sideways.
Apple Rakes In Profits As It Awaits the Next Big Leap
Barron's - 5 May 2018 02:00
Consumers are sated and the technology has plateaued--for now. But so far there's no crisis, with companies still minting money.
WALL STREET PAYDAY: Dealmakers could pull in $330 million in fees from takeover frenzy
Business Insider - 5 May 2018 16:35
Shutterstock/Oleh Dubyna Investment bankers could make nearly $330 million in deal fees combined following the announcement of three megadeals on Sunday and Monday. The deals include a $26 billion merger between telecom ...
Dollar Tree is one of the only chains that Amazon can't beat -- and it runs the most appalling store we've ever seen (DLTR)
Business Insider - 5 May 2018 16:12
Business Insider/Hayley Peterson Dollar Tree is opening 650 stores this year in the midst of the biggest wave of retail bankruptcies and store closures in decades. The company is largely immune from the threat of Amazon ...
Restaurant where man won $5M pauses game amid legal probe
Miami Herald - 5 May 2018 15:36
The Cleveland restaurant where a man won $5.5 million in a weekly raffle has temporarily suspended its jackpot game after Ohio's attorney general was asked to determine whether it's legal. …
This startup has big plans to become the Tesla of electric planes
Business Insider - 5 May 2018 14:57
Eviation Israeli startup Eviation plans to bring an electric aircraft, the Alice Commuter, to market in 2021. The Alice will hold up to nine passengers, fly up to 650 miles between charges, and reach a cruising speed of ...
EXCHANGE: Sewing group produces comfort, friendships
Miami Herald - 5 May 2018 07:02
Members of a Bloomington sewing group have used their talent to touch thousands of lives over 25 years with gifts of dignity, warmth and comfort. About 50 women in the …
With tax pieces in play, it's Capitol deal-making season
Miami Herald - 5 May 2018 07:01
It's crunch time at the Capitol, and millions of Minnesota residents' wallets are on the line. Taxes are center stage at the Legislature this year after President Donald Trump and …
Some students face low-income life at UMN
Miami Herald - 5 May 2018 07:01
University of Minnesota sophomore Samantha Truesdell fills her planner with meticulous notes every day. She organizes everything, from tracking her bills -- rent, tuition, insurance and others -- to planning …
Big3 investors ask court to toss $1.2B defamation suit
New York Post - 5 May 2018 05:59
The legal wildfire surrounding the fledgling Big3 basketball league continued to burn on Friday. The largest investors in Big3 basketball have asked a federal court to toss the $1.2 billion defamation suit brought agains...