Tesla Stock Drops As Elon Musk Unloads On ‘Excruciating’ Year

Anyone can see that Elon Musk has been having a rough year. The billionaire electric car maker, rocket launcher, tunnel digger and insulter of rescue divers sat down for an emotional interview with The New...

MoviePass Strips Its Service Even More Amid Financial Turmoil

MoviePass is pulling yet another Hail Mary on its customers. CEO Mitch Lowe, who is struggling to find avenues for profit after a $104 million loss, notified subscribers in an email on Thursday that MoviePass was...

Ex-Employees Sue Nike For Gender Discrimination

Four former female employees are suing Nike for alleged gender discrimination, according to a class-action lawsuit filed on Thursday. The suit, which alleges the athletic apparel company pays and promotes women less than men and...

Tribune Media Terminates $3.9 Billion Deal To Be Bought By Sinclair

(REUTERS) - Tribune Media Co has terminated its $3.9 billion deal to be bought by Sinclair Broadcast Group, the company said Thursday, after Federal Communications Commission Chairman Ajit Pai raised concerns about the acquisition.Tribune...

Tesla Gains Nearly $4 Billion After Single Questionable Elon Musk Tweet

Tesla stock soared Tuesday afternoon amid rumors that CEO Elon Musk might take the electric car and solar power generation company private. The only problem? Those rumors were seeded, very publicly, by Musk himself, who...

EXCLUSIVE: Walmart Unveils Grocery-Picking Robots In Test Store

There could be a future where robots will do most of your grocery shopping for you. And for some Walmart shoppers, that future is getting even closer. Walmart (WMT), the world’s largest seller of groceries,...

MoviePass Reduces Offer To 3 Films Per Month In Bid To Save Cash

MoviePass announced Monday that it’s slashing its offer to subscribers as the movie ticketing company deals with major financial woes. Starting Aug. 15, MoviePass subscribers will be allotted three films per month, a significant reduction...

Indra Nooyi, Pepsi’s First Female CEO, To Step Down

(Reuters) ― PepsiCo Inc said on Monday Indra Nooyi would step down as its longtime chief executive officer, handing over the reins to company veteran Ramon Laguarta at a time the beverage maker navigates...

A New UPS Union Contract Shows How Online Shopping Is Dragging Down Delivery Jobs

Pretty soon there may be a new kind of delivery driver working alongside Ken Smith at his UPS facility in Scottsdale, Ariz. ― drivers who do pretty much the same work, only for less...

Are There Only White Men At Your Leadership Meetings? If So, Your Business Is...

By Zander Lurie, CEO, SurveyMonkey “Fewer Women Run Big Companies Than Men Named John.” Headlines like these are shameful View the Original Article

Apple’s Market Value Surpasses $1 Trillion

Apple CEO Tim Cook must be feeling like a million bucks right now. Scratch that, a billion. Nope ― wrong again. Try trillion. From a garage in 1976 (even if that’s partly a myth) to the ritzy...

Wells Fargo To Pay $2.09 Billion Fine Over Decade-Old Mortgage Loans

(Reuters) - Wells Fargo has agreed to pay $2.09 billion in penalties to settle claims related to mortgage loans originated in the run-up to the financial crisis. The civil fine is for alleged origination and...

Poultry Plant Workers Awarded $3.75 Million After 8-Year Lawsuit

MORTON, Miss. (AP) — A Mississippi poultry supplier will pay $3.75 million to Hispanic workers, ending an eight-year legal fight.The Clarion Ledger reports Koch Foods of Mississippi LLC agreed to settle a lawsuit filed...

Japan still has great influence on global financial markets

IT IS the summer of 1979 and Harry “Rabbit” Angstrom, the everyman-hero of John Updike’s series of novels, is running a car showroom in Brewer, Pennsylvania. There is a pervasive mood of decline. Local...

Dozens Of Salads And Wraps May Contain A Fecal Parasite, USDA Warns

A health alert has been issued for two dozen types of salads and sandwich wraps that may contain lettuce infected with a fecal parasite. The beef, pork and poultry items were recently sold across the...

Fired Haitian Dishwashers Receive $2.5 Million From Posh Miami Hotel

The Equal Employment Opportunity Commission reached a $2.5 million settlement with a swank Miami hotel over allegations that black Haitian dishwashers were fired due to their race and replaced with Latino workers, the agency...

The Drive For Workplace Diversity Demands Long-Term Commitment

By Tom Mihaljevic, president and CEO of Cleveland Clinic Most corporate vision statements include the word commitment. But View the Original Article

Twitter’s Lock On Users With Elon Musk’s Name Means A Nazi Ban Is Possible

If you’re on Twitter and you change your unverified account’s display name to Elon Musk, the social media platform will lock you out. According to numerous reports, this is happening because scammers posing as the Tesla...

Donald Trump’s DC Hotel Liquor License Challenged Over His ‘Character’

Five local religious leaders and two retired judges are challenging President Donald Trump’s liquor license for his Trump International Hotel in the District of Columbia, arguing that he doesn’t have the “good character” required...

Has BRICS lived up to expectations?

DOES anyone still care about the BRICS? Brazil, Russia, India, China and South Africa concluded their tenth official summit in Johannesburg on July 26th. The widespread perception is that the group has failed to...

America and the EU are both toughening up on foreign capital

“DEAR Donald, let’s remember our common history,” wrote Jean-Claude Juncker, the president of the European Commission, on a picture of a military cemetery in Europe that he presented to President Donald Trump during talks...

Bond yields reliably predict recessions. Why?

AS NAMES for market phenomena go, “inverted yield curve” lacks a certain punch. It is no “death cross” or “vomiting camel”. But what it lacks in panache, the inverted yield curve more than makes...

As private-equity firms mature, the way they buy and sell is changing

“SELL in May and go away,” say the denizens of Wall Street, and to the usual summer lethargy is added the excuse of a heatwave. But for those working in private equity, there is...

Why simple rules are best when spreading your investment bets

BENJAMIN GRAHAM is considered the father of value investing, the business of picking stocks that are cheap. He might also fairly be described as the father of not trying to pick stocks at all....

Japanese banks’ foreign exposure may threaten financial stability

THE maelstrom that hit global financial markets a decade ago is known in Japan as the Lehman Shock, after the bankruptcy of the American investment bank that caused it. Japanese banks themselves escaped relatively...

The death of Sergio Marchionne leaves a big gap at FCA

THE question of who would replace Sergio Marchionne has been in the air for a year or more, ever since the chief executive of Fiat Chrysler Automobiles (FCA) announced that he would step down...

How the medical-tourism business thrives

IN THE tiny Croatian town of Zabok patients arrive in their thousands each year from across Europe and the Middle East, seeking replacement hips or knees at the St Catherine hospital, which specialises in...

Papa John’s Founder Sues Pizza Chain Over Internal Documents Request

John Schnatter, the founder and ousted former chairman of Papa John’s International Inc, on Thursday sued the pizzeria chain, complaining that the company had not provided adequate response to an earlier request for internal...

DNA Testing Company Teams With Pharmaceutical Giant GlaxoSmithKline

When people mail their spit to 23andMe, they are likely thinking mainly about how their genetic material can be used to reveal their personal ancestral history. For years, though, the spit of consenting customers has also been...

Monica Lewinsky Can’t Believe National Intern Day Is Really A Thing

July 26 marks the second annual National Intern Day, and former intern Monica Lewinsky can’t believe such a thing even exists. Not familiar with National Intern Day? You’re not alone and, chances are, someone will blame...

Facebook Braces For Biggest One-Day Wipeout In U.S. Stock Market History

By Vibhuti Sharma and Munsif Vengattil (Reuters) - Facebook Inc Chief Executive Officer Mark Zuckerberg’s fortune is set to take a $16 billion hit on Thursday, as the social media giant braces for the biggest one-day...

Facebook’s Grim Forecast: Privacy Push Will Erode Profits For Years

(Reuters) - Facebook Inc’s shares lost as much as a quarter of their value on Wednesday after executives said that profit margins would plummet for several years due to the costs of improving privacy...

Disneyland Workers Call Off ‘Shantyland’ Protest, But The Fight Isn’t Over

ANAHEIM, Calif. ― There were no fairy-tale princesses or smiling kids in mouse ears at the corner of Clementine Street and Disneyland Way on Tuesday. But there were cautiously optimistic Disney theme park employees,...

A Major Bank Slipped Up And Showed Why Women Rarely File Sex Discrimination Cases

Of all the tactics companies use to silence women who speak up about sexual harassment, the way corporate lawyers question victims in depositions may be the most brutal. In these taped confrontations, defense lawyers...

Nike Hikes Pay For Over 7,000 Following Complaints Over Inequality

Nike announced Monday that it will raise wages for around 10 percent of its workforce ― more than 7,400 employees ― and reconsider how it awards annual bonuses following “a deeper analysis” of employee...

Uber Driver Suspended After Secretly Livestreaming Passengers On Twitch

A ride-sharing driver in St. Louis has been suspended following a report that he livestreamed his passengers without their knowledge as online entertainment. Jason Gargac, 32, was removed as a driver for both Uber and Lyft on Saturday...

The Moral And Business Need For Diversity And Inclusion In The Workplace

By Amanda Sourry, president, Unilever North America We live in a fast-changing and highly complex world. The profile of our View the Original Article

Markets Don’t Care About Trump’s Trade Tweets

As the global trade war heats up, with U.S. allies like the European Union and Japan signing trade pacts and NAFTA falling apart, President Donald Trump will frequently dispatch fiery tweets about the issue. However,...

What Venezuelan savers can teach everyone else

ASK the chief investment officer of a fund-management firm how to spread your investments and you will be told to put so much in stocks, so much in bonds and something in hedge funds...

Netflix suffers a big wobble

EVEN the most celebrated firms have their hiccups. On July 16th Netflix, an online-streaming giant, presented disappointing news to investors: it had added just 5.2m new subscribers in the second quarter of 2018, well...

Vanadium is the latest beneficiary of the battery craze

OPEN a toolbox, pull out a spanner and you may be holding a bit of the answer to global warming: vanadium, a metal named after Vanadis, the Scandinavian goddess of beauty. Used mostly in...

David Solomon will be the new CEO of Goldman Sachs

Songs of SolomonLAME-DUCK periods can last for only so long. It was clear beforehand that a Goldman Sachs earnings call this week would be packed with questions about succession. When would the chief executive,...

Comcast Drops Out Of Bidding War With Disney For 21 Century Fox Assets

(Reuters) ― Comcast Corp said it dropped its pursuit of a group of media assets owned by Twenty-First Century Fox Inc on Thursday and will focus on its offer for European pay-TV group Sky...

Google is fined €4.3bn in the biggest-ever antitrust penalty

“THE making of a big tech reckoning,” blared one typical headline earlier this year. “The case for breaking up Amazon, Apple, Facebook and Google,” touted another. Based on media coverage alone it might seem...

How A Group Of New York Moms Is Reuniting Separated Migrant Families

About 2,500 migrant children are still scattered across the country waiting to be reunited with their parents after the Trump administration largely missed one court-ordered deadline to reunify families separated at the border and appears set to...

Exclusive: Wells Fargo Automated High-Net-Worth Wealth Management As Advisors Faced Sales Pressure

“Established 1852. Re-established 2018 with a recommitment to you.” That’s the tagline from Wells Fargo’s new advertising campaign, which is designed to move the bank past its huge fake-accounts scandal caused by the immense...

Papa John’s Founder Says It Was A Mistake To Quit Board

The founder of the pizza chain Papa John’s, who quit the company’s board last week after using a racial slur during a conference call, said days later that his resignation was a mistake. John Schnatter,...

Oregon State University Suspends Relations With Papa John’s

Papa John’s has lost another sponsorship deal following last week’s bombshell news that its founder, John Schnatter, used a racial slur during a business meeting. Oregon State University’s athletics department announced Monday that it was suspending its sponsor...

Papa John’s Founder Accuses Media Agency Of Extorting Him Over Racial Slur

Better ingredients, better pizza and now better scapegoats? Last week, Papa John’s founder John Schnatter apologized for using a racial slur in a conference call in May. Then, he resigned as chairman of the company’s board Wednesday. Although...

Amazon Workers’ Strike In Germany, Spain And Poland Coincides With Prime Day

FRANKFURT (Reuters) - Thousands of workers will walk off the job on Tuesday at Amazon warehouses in Germany to demand better working conditions, joining colleagues in Spain and Poland in taking action that coincides...
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