Day: January 30, 2017

Week ahead: FCC enters new era under Pai

The Federal Communications Commission will hold an open meeting on Tuesday, its first of the year and the first with Ajit Pai as its chairman. The commission will consider eliminating a regulation that requires commercial broadcasters to keep copies of letters and emails from the public on hand.

Sony takes $1bn charge on movie business

Sony has taken a hefty writedown on the value of its movie business as the unit suffers from falling DVD and home entertainment sales. The Japanese firm, which reports its third-quarter results on Thursday, is still assessing whether the impairment charge will affect future earnings.

Jordan Belfort Says He Knew ‘Wolf of Wall Street’ Producers Were “F – ing Criminals”

The original Wolf of Wall Street claims that “Leo got sucked in” to the corruption scandal now engulfing the hit 2013 film, but says he “knew it, it was obvious.” When The Wolf of Wall Street last year became engulfed in the multi-billion dollar Malaysian corruption scandal, the irony of a film about a major real-life financial fraud allegedly being funded by another wasn’t lost on anyone, least of all its original author.

The Unexpected Drawbacks To Positive Thinking

One psychologist explains why you “can’t expect people to change their mind-sets the way they change their underwear.” What could possibly be bad about “staying hopeful” or wrong about trying to “think positively”? Coaches and experts routinely say that fixing our mind-sets can help us fix most of our problems.

Misys CEO Targets New IPO, Machine Learning and P2P Lending

Despite presiding over the largest U.K. initial public offering to be pulled last year, the chief executive officer of Misys Group Ltd. is keen for the company to return to the public market. Misys CEO Nadeem Syed said in an interview that he still hoped to list the company, however he declined to comment on potential timing.

Toyota Loses Top Global Automaker Crown Amid Trump Pressures on Trade

Toyota Motor has lost its position as the top global seller of cars to rival Volkswagen , but such figures may now be the least of its worries for Japan’s biggest company as it mulls whether to appease or defy U.S. President Donald Trump’s protectionist trade policy. The maker of the Prius and Corolla models said Monday its global vehicle sales rose 0.2% year on year to 10.175 million units.

California looks to build $7 billion legal pot economy

The future of California’s legal marijuana industry is being shaped in a warren of cubicles tucked inside a retired basketball arena, where a garden of paper cannabis leaves sprouts on file cabinets and a burlap sack advertising “USA Home Grown” dangles from a wall. Here, in the outskirts of Sacramento, a handful of government workers face a daunting task: By next year, craft regulations and rules that will govern the state’s emerging legal pot market, from where and how plants can be grown to setting guidelines to track the buds from fields to stores.

Starbucks CEO Schultz Plans to Hire 10,000 Refugees After Trump Ban

Starbucks Chief Executive Officer Howard Schultz said on Sunday that the company planned to hire 10,000 refugees over five years in 75 countries, two days after U.S. President Donald Trump’s executive order banning refugees from certain countries. Trump on Friday put a four-month hold on allowing refugees into the United States and temporarily barred travelers from Syria and six other Muslim-majority countries, saying the moves would help protect Americans from terrorist attacks.

Rpt: Snapchat to Reveal Financials Within a Week

Snap, the secretive technology company that owns the popular messaging service Snapchat, is due to reveal its financials within a week as it moves toward its eagerly awaited initial public offering , sources familiar with the situation said on Friday. The Venice, California-based company will publish the registration document it secretly filed with U.S regulators last autumn, containing a dossier of tightly held finances and its plans for operating as a public company.

European Stocks Called Lower as Global Markets React to Trump’s Immigration Orders

European stocks are expected to open lower Monday, following a softer session in Asia, as investors take a defensive stance in the wake of President Donald Trump’s controversial immigration policy. European stocks are expected to open lower Monday, following a softer session in Asia where many of the major markets were closed for New Year celebrations, as investors take a defensive stance in the wake of President Donald Trump’s controversial immigration policy.

Delta’s U.S. Grounding Is Lifted After Latest Computer Glitch

Delta Air Lines Inc. started resuming U.S. domestic flights after a 2 1/2-hour computer breakdown grounded about 150 flights and left passengers stranded across the country. “I want to apologize to all of our customers who have been impacted by this frustrating situation,” Delta Chief Executive Officer Ed Bastian said in the statement.

How Smart Money Can Survive the Trump Era, as Seen From Sweden

Michael Livijn, who as Nordea Bank AB’s chief investment strategist makes recommendations that guide about $100 billion, says don’t expect a bloodbath if elections in Europe this year unleash a populist wave like the one that propelled Donald Trump into the White House. That’s because crisis fatigue has led to increasingly rapid market corrections.

Toyota Loses Sales Crown to VW as U.S. Trade Barriers Loom

Toyota Motor Corp. lost its title as the world’s best-selling automaker to Volkswagen AG, snapping the Japanese company’s four-year reign, as demand for its flagship Camry sedan waned in the U.S. and sales in China expanded at a slower pace than the overall market. Toyota’s global sales, including its Hino Motors Ltd. and Daihatsu Motor Co.

Elon Musk really isn’t as aligned with Trump on manufacturing…

Musk, the CEO of Tesla and SpaceX, is now part of two advisory committees under President Donald Trump: the economic advisory board and the Manufacturing Jobs Initiative . He has met with Trump on two separate occasions, once with tech leaders in New York, and once earlier this week at the White House for a discussion on US manufacturing.

Shares in Asia fall on uncertainty over US immigration flap

Most financial markets were closed in Asia on Monday for lunar new year holidays, but shares fell in Japan and Australia on uncertainty over the potential impact of President Donald Trump’s travel ban on seven Muslim-majority countries and other immigration actions. KEEPING SCORE: Japan’s Nikkei 225 index fell 0.7 percent to 19,322.78.

Toyota Loses Sales Crown to VW as Trade Barrier Threat Looms

Toyota Motor Corp. lost its crown as the world’s best-selling automaker to Volkswagen AG, ending the Japanese company’s four-year reign, as it faces challenges that range from the threat of trade barriers in the U.S. to slowing demand in China after a tax increase. Worldwide sales for Toyota, including its Hino Motors Ltd. and Daihatsu Motor Co.

What Happens If Net Neutrality Goes Away?

The “days are numbered” for the net neutrality rules enacted by the U.S. Federal Communications Commission under Barack Obama, at least if you take President Trump’s newly appointed FCC chairman Ajit Pai’s word for it. So what happens after they are gone? Pai , an FCC commissioner since 2012, was a harsh critic of the agency’s ” Open Internet Order ,” which it passed in 2015 via a 3-2 party line vote.