Business News
4 Conversations Every Overwhelmed Working Parent Should Have
Harvard Business Review - 8 Aug 2018 18:25
With your boss, your children, your partner, and yourself.
Tesla opens lower one day after proposal to privatize
CBSNews - 8 Aug 2018 18:54
Elon Musk sent the company's stock near an all-time high on Tuesday, but the excitement seems to have subsided
A look at Tesla's nine-member board
Reuters - 8 Aug 2018 21:06
Tesla Inc's board has said it is evaluating taking the electric car maker private, a day after Chief Executive Elon Musk surprised shareholders with the idea of launching the biggest leveraged buyout of all time.
Banks extend diversity demands to their law firms
American Banker - 8 Aug 2018 04:08
JPMorgan Chase, SunTrust and PNC are pressuring outside counsel to get more women and minority lawyers to represent them in court even at the risk of alienating the big, traditional law firms that they have done business...
Wall St. flat as trade tensions mute earnings optimism
Reuters - 8 Aug 2018 18:54
U.S. stocks were flat on Wednesday after China retaliated to Trump administration's latest tariffs, escalating trade tensions and muting strong corporate earnings.
Tesla board mulling Musk's idea to take company private
New York Post - 8 Aug 2018 18:41
Tesla said on Wednesday its board is evaluating Chief Executive Elon Musk's idea of taking the company private after he brought the matter up for discussion last week. Musk took Tesla shareholders and the stock market by...
Manafort's Former Accountant Fired From Firm After Witness Testimony
TPM - 8 Aug 2018 18:09
The firm that employed Paul Manafort’s former accountant, Cindy Laporta, has fired Laporta and launched an internal investigation into her...
PhonePe gets ₹ 452 crore funding from parent Flipkart
livemint.com - 8 Aug 2018 17:46
Flipkart's PhonePe is expanding aggressively to take on SoftBank-backed rival Paytm
The Girls Fighting Stereotypes in the World of Scholastic Chess
The New Yorker - 8 Aug 2018 15:00
Jenny Schweitzer filmed young female chess players discussing their experiences in scholastic chess, and scenes from the 2018 K.C.F. All-Girls National Championships, in Chicago.
Lloyd Blankfein spotted with Oprah in Italy
New York Post - 8 Aug 2018 07:06
Outgoing Goldman Sachs Chief Executive Lloyd Blankfein was spotted on Tuesday hobnobbing with fellow billionaire Oprah Winfrey in Portofino, Italy, amid a gathering of industry titans. The two moguls were seen strolling ...
Hiked-up ticket prices not enough as Disney fails to meet Wall Street expectations
New York Post - 8 Aug 2018 06:25
Rising theme park ticket and food prices weren't enough to offset increased costs at Disney during the second quarter -- helping to produce adjusted earnings per share that missed Wall Street expectations. Disney, which ...
Papa John's to shell out up to $50M to remake its image
New York Post - 8 Aug 2018 06:15
Papa John's is spending a lot of dough on its image. The embattled pizza chain expects to shell out up to $50 million this year to pay an army of advisers and consultants to deal with the aftermath of its controversial f...
How a Marvel exec and 2 other Mar-a-Lago cronies are secretly shaping the Trump administration's VA policies
Business Insider - 8 Aug 2018 05:03
Charles Dharapak/AP Ike Perlmutter, the chairman of Marvel Entertainment and a longtime acquaintance of President Donald Trump, is leading aninformal council that is exerting sweeping influence on the Veterans Affairs De...
Papa John's cuts earnings forecast on public spat with founder
Reuters - 8 Aug 2018 02:30
Papa John's International Inc on Tuesday posted a second-quarter comparable sales decline of 6.1 percent in North America and cut its forecast for the coming months, as a heated spat between the pizza chain and its found...
The Wall Street Journal: Saudi fund managers ordered to liquidate their Canadian assets as feud escalates
Market Watch - 9 Aug 2018 01:53
Saudi Arabia's central bank has instructed its fund managers to sell off their Canadian holdings, three people familiar with the matter said, the latest move in a widening diplomatic row that has also hit trade between t...
BC-Cash Prices, 1st Ld-Writethru,0343
Miami Herald - 9 Aug 2018 00:19
Wholesale cash prices Wednesday Wed. Tue. F Broilers national comp wtd av .9590 0.9590 Eggs large white NY Doz. 1.11 1.08 Flour hard winter KC cwt 16.85 16.60 Cheddar Cheese …
Banks explore a safe deposit box for cryptocurrencies
American Banker - 9 Aug 2018 00:08
They are disinclined to talk about it much yet, but the big three trust banks as well as JPMorgan and Goldman are said to be mulling custody services that would help shield wealthy bitcoin investors from theft. Here are ...
Taking Tesla private would be the largest buyout in history -- but maybe not much money would change hands (TSLA)
Business Insider - 8 Aug 2018 22:41
Ringo H.W. Chiu / AP Photo If Tesla goes private at over $80 billion, it would be the largest buyout in history. But we don't know enough about a potential deal to rule out a less expensive strategy. CEO Elon Musk could ...
Oscars to Add 'Popular Film' Category, Creating Questions
The New York Times - 8 Aug 2018 21:28
By adding a new category, the Academy Awards risk signaling that blockbuster films are not worthy of consideration for the best overall picture honor.
Report: Now the SEC is looking into Elon Musk’s tweets
Fast Company - 8 Aug 2018 20:55
Elon, we need to talk. In case you haven’t heard, Elon Musk tweeted yesterday and rocketed his company’s stock. Now, the Securities and Exchange Commission is asking questions. That’s according to a new report from...
The classic Heinz ketchup packet could disappear as we know it
Business Insider - 8 Aug 2018 20:04
AP Photo/Gene J. Puskar Heinz may be phasing out its classic ketchup packets. It's part of a larger sustainability push that Kraft Heinz is spearheading. By 2025, the company aims to make100% of its packaging recyclable ...
WSFS to jump over $10B threshold with Beneficial acquisition
American Banker - 8 Aug 2018 19:18
The Delaware company plans to reinvest savings from the $1.5 billion acquisition to upgrade technology and delivery channels.