Business News
Symantec Cold Read: Where Were The Short Sellers On Symantec?
Forbes - 14 May 2018 03:43
Symantec recently shocked the market by announcing it might have to restate financials, causing the stock to drop 33%. Perhaps most surprising is that short interest was low. I do a cold read to see if there were flags o...
Chipotle is being forced to pay $8 million to an ex-manager who was fired after being accused of stealing $626 (CMG)
Business Insider - 14 May 2018 16:54
Hollis Johnson Chipotle is being forced to pay a former manager nearly $8 million after she was accused of stealing $626 and fired. The ex-manager's lawyers argued she was unfairly fired and accused of theft after taking...
Xerox ends Fujifilm deal in win for Carl Icahn
New York Post - 14 May 2018 03:47
Xerox has called off its transaction agreement with Fujifilm, choosing instead to side with activist investors Carl Icahn and Darwin Deason, the company said Sunday. Under the nixed $6.1 billion deal, Connecticut-based X...
Walmart has long-term plans for Flipkart, an IPO isn't one of them
livemint.com - 14 May 2018 04:38
Minority shareholders can veto a Flipkart IPO, but if over four years Walmart increases its stake to 85%, the minority shareholders will lose that power
The Gender Pay Gap: Trying to Narrow It
The New York Times - 14 May 2018 03:43
Companies in Britain, recently forced to publish the differences in salaries between men and women, are trying a variety of programs to close the divide.
Goldman Sachs Bitcoin Endorsement Leads Institutional Investor Cryptocurrency Push
Forbes - 14 May 2018 02:04
The legitimacy bar for digital currencies has been raised now that Goldman Sachs is going to facilitate the institutional trading of Bitcoin. As institutional investors engage in these derivatives, they'll be looking to ...
TiVo set-top boxes are getting Alexa support by June 1
Venture Beat - 14 May 2018 18:06
TiVo announced today that its newest lineup of set-top DVRs, including Series 4 (TiVo Premiere), Series 5 (TiVo Roamio), and Series 6 (TiVo Bolt) devices as well as the TiVo Bolt Vox, will gain support for Amazon’s Ale...
Russia bank helps Venezuela defy US cryptocurrency sanctions
News Observer - 14 May 2018 17:09
Investors looking to buy Venezuela's new cryptocurrency may want to head to a little-known Moscow bank whose biggest shareholders are President Nicolas Maduro's socialist government and two state-controlled Russian compa...
Trump's comments on China's ZTE draw security concerns
Reuters - 14 May 2018 16:48
WASHINGTON
Can China's Red Capital Really Innovate?
Wall Street Journal - 14 May 2018 14:02
U.S. technology theft from Britain helped kick-start the industrial revolution on American shores. Will China be able to replicate that success in new industries such as clean energy, microchips and robotics?
What You Haven't Considered About The Dark Side Of Friendships At Work
Forbes - 14 May 2018 01:00
Workplace friendships are great... until they're not. Here's what you may not realize about them.
DraftKings and FanDuel Prepare to Cash In on the Supreme Court's Ruling on Sports Gambling
AdWeek - 14 May 2018 19:37
Fantasy sports brands are about to cash in big on the Supreme Court's landmark ruling that has declared a federal law against sports betting unconstitutional. New Jersey today won a challenge against the 1992 Professiona...
Chili's Hit By Data Breach, Credit And Debit Card Information Compromised
The Huffington Post - 14 May 2018 17:11
The breach is believed to have occurred between March and April.
Mobile freelancing: Reporter goes rocking and rolling for peace
USA Today - 14 May 2018 16:55
A freelance mobile journalist travels the U.S. and Canada for #TripForPeace.
Sports gambling ban lifted: What happens next?
New York Post - 14 May 2018 16:39
In a historic ruling that clears the way for states to legalize sports betting, the United States Supreme Court has declared that the Professional and Amateur Sports Protection Act (PASPA) is unconstitutional. The contro...
Sears pops after saying its looking into selling assets (SHLD)
Business Insider - 14 May 2018 16:39
AP Sears is rising after the company announced it is exploring the sale of some of its assets. CEO Eddie Lampert's hedge fund, ESL Investments, is interested in some of the assets, particularly Kenmore. The stock has ris...
The starting gun has fired on a new race for succession at Goldman Sachs
Business Insider - 14 May 2018 16:38
The starting gun has fired on a new race for succession at Goldman Sachs. That was the news Monday, when Goldman Sachs announced that securities division coheads, Pablo Salame and Isabelle Ealet, are leaving the bank in ...
Hong Kong shares jump after Trump tweets on China's ZTE
News Observer - 14 May 2018 05:16
Asian shares were mostly higher Monday, with Hong Kong shares surging after President Donald Trump said he wanted to help a sanctioned Chinese tech giant, signaling a possible improvement in …
The Wall Street Journal: Abu Dhabi jumps into Middle East oil-refining rush
Market Watch - 14 May 2018 03:26
Abu Dhabi's national oil company says Sunday it would spend $45 billion over the next five years to join other giant, state-run petroleum giants, like Saudi Aramco, in refining much of their own crude instead of just exp...
4 Ways Marketers Can Avoid Wasting Their Data's Potential
AdWeek - 14 May 2018 02:00
It may not be rocket science, but it is data science. Here are four ways to use data smarter. Define your value proposition Gathering data isn't the hard part; figuring out which data to pay attention to is, says Jose Go...
Bolton ramps up rhetoric over Iran, says sanctions on European companies are 'possible'
Business Insider - 14 May 2018 01:54
Reuters/Kevin Lamarque White House national security adviser John Bolton said US sanctions on European companies that maintain business dealings withIranwere "possible." President Donald Trump announced last week the US ...
Unbundling The Song: Inside The Next Wave Of Recorded Music's Disruption
Forbes - 14 May 2018 01:44
Napster and iTunes ungrouped albums into individual tracks for sale and exchange; streaming platforms like Spotify regrouped these tracks into the newly-ordered format of a playlist. In the unbundling forces underlying m...