Business News
Uber reportedly weighs bid for company that owns Citi Bike
New York Post - 9 Jun 2018 03:50
There may be a battle brewing over who will buy Motivate, the owner of the Big Apple's Citi Bike program. Uber is weighing a bid for the company, according to a report on Friday. On June 1 it was reported that rival ride...
The Dow Gains 681 Points as There's No Place Like Home
Barron's - 9 Jun 2018 02:07
"The market has made a clear distinction between the U.S. and the rest of the world," says one economist.
U.S., EU take small step on trade, but no breakthrough at G7 summit
Reuters - 9 Jun 2018 03:26
LA MALBAIE, Quebec
Impact Investors Seem Happier With The Potential Of Enterprises In Their Porfolios
Forbes - 9 Jun 2018 15:42
Impact investors seem considerably more satisfied with the availability of high-potential deals and their investments are largely meeting or exceeding their financial and impact expectations, according to the Global Impa...
Apax revs up interest in £1.7bn BCA
Sky News - 9 Jun 2018 15:36
A pack of private equity firms are circling the owner of the WeBuyAnyCar website three years after it motored onto the London stock market.
Georgia college, town reflect Hispanic growth and prosperity
Miami Herald - 9 Jun 2018 06:01
Dalton State College student Bryan Lopez is part of a school team that will, as part of its many duties, recruit students across the state line in Tennessee this fall. …
Microsoft is trying to become the 'Netflix of Gaming,' putting it on the path to $1 trillion (MSFT)
Business Insider - 9 Jun 2018 04:04
YouTube/Xbox Microsoft could soon finish developing the next big thing in gaming. Some on Wall Street haven't appreciated Microsoft's gaming potential, according to Morgan Stanley analyst Keith Weiss. The gaming business...
U.S. Justice Department, AT&T await nail-biter of a court decision
Reuters - 9 Jun 2018 00:16
WASHINGTON
Amazon Founder Jeff Bezos Has Never Been Richer Than He Was This Week
Forbes - 9 Jun 2018 15:30Ryan Kavanaugh allegedly files $50M countersuit over sex harass memo
New York Post - 9 Jun 2018 04:11
Ryan Kavanaugh would appear to be in a hole -- yet the former head of twice-bankrupt Relativity Media keeps digging. The ex-mogul -- who early last week was accused by an arbitration judge of falsifying a harassment memo...
How Batteries Will Change the Power Business
Barron's - 9 Jun 2018 03:50
Lower costs for wind and solar plus advances in battery storage are upending the electricity business.
Swiss Vote Could Trigger Money System Remake
Barron's - 9 Jun 2018 00:36
This weekend, one country's voters will have a chance to take a step toward remaking our unstable financial system.
RBC fired investment banking chief over affair with staffer
American Banker - 9 Jun 2018 00:08
Royal Bank of Canada fired its U.S. investment banking chief Blair Fleming because he failed to disclose that he was having an improper relationship with an employee.
JPMorgan has poached a top banker from Morgan Stanley in one of the hottest hiring areas in investment banking (JPM, MS)
Business Insider - 9 Jun 2018 16:05
Thomson Reuters JPMorgan Chase has hired a senior investment banker from Morgan Stanley to add more firepower to the firm's industrials coverage. Lawrence Steyn joins JPMorgan as a vice chairman and was previously a mana...
With jet fuel prices up nearly 50%, fliers eventually will pay more, experts say
L.A. Times - 9 Jun 2018 16:00The Wall Street Journal: Pixar head John Lasseter to leave Disney in wake of #MeToo
Market Watch - 9 Jun 2018 15:56
Walt Disney Co.'s top creative animation exec, "Toy Story" director John Lasseter, is leaving the company at the end of this year, following accusations that he hugged and touched subordinates in unwelcome ways
Georgia to end collection of local sales tax on jet fuel
Miami Herald - 9 Jun 2018 15:01
Georgia has asked vendors to stop collecting local sales tax on jet fuel. The move comes just months after Lt. Gov. Casey Cagle effectively killed a broader sales tax exemption …
Elon Musk might have a secret plan to fix Tesla's troubling cash problems -- and it could involve China (TSLA)
Business Insider - 9 Jun 2018 14:57
Joe Scarnici/Getty Images for Best Events Tesla CEO Elon Musk has been steadfast in his refusal to raise more money in 2018. But Tesla's burn rate means that it will run out of money in just a few quarters if no new fund...
Trump trades easy banter with allies but differences persist
Miami Herald - 9 Jun 2018 07:04
President Donald Trump has charged into the Group of Seven summit at odds with key allies over U.S. tariffs, then set out to defuse tension with friendly banter and offered …
Verizon went with a relative newcomer over a company veteran to replace its CEO -- and that may signal a shift in the company's long-term strategy
Business Insider - 9 Jun 2018 05:41
David Ramos/Getty Images Hans Vestberg, chief technology officer at Verizon, will step into the role of CEO in August, replacing seven year veteran Lowell McAdam. Vestberg previously ran telecom company Ericsson AB, befo...
Meat traces 'found in supermarket vegetarian meals'
BBC - 9 Jun 2018 04:24
An investigation is under way after tests found meat in vegetarian meals sold by major supermarkets.
Queen Elizabeth's horse wins Belmont Gold Cup in New York
Miami Herald - 9 Jun 2018 03:55
A horse bred and owned by Queen Elizabeth II won the $400,000 Belmont Gold Cup Invitational by a length. Sent off as the 9-5 favorite, Call To Mind ran two …