Paul Green, Francesca Gino, and Bradley R. Staats explore the importance of fitting in at work in the working paper Seeking to Belong: How the Words of Internal and External Beneficiaries Influence Performance . “We examine how connecting to beneficiaries of one’s work increases performance and argue that beneficiaries internal to an organization can serve as an important source of motivation, even in jobs that-on the surface-may seem routine and low on potential impact,” they write.
Day: February 21, 2017
Google Brings Tilt Brush To The Oculus Rift
The company may have its own VR platforms, but that isn’t stopping it from developing great content for other systems. If you have an Oculus Rift and have been feeling left out because you can’t use one of the most-awarded virtual reality experiences, Google’s ready to let you in on the fun.
AT&T says its merger with Time Warner is exactly what customers want
With AT&T planning to avoid a Federal Communications Commission review of its merger with Time Warner, Senate Democrats led by Al Franken recently asked the company to prove that the acquisition will benefit Americans. AT&T gave its response on Friday with a letter that describes the merger’s promised benefits-including targeted advertising.
Yahoo salvages Verizon deal with $350M US discount
A pair of hacking bombshells that exposed personal information stored in more than 1 billion Yahoo user accounts, disclosed after Verizon and Yahoo had agreed on takeover deal, represent the two biggest security breaches in internet history. a Yahoo is taking a $350 million US hit on its previously announced $4.8 billion US sale to Verizon in a concession for security lapses that exposed personal information stored in more than 1 billion Yahoo user accounts.
Hedge Funds Can’t Sue Over Investments in Fannie or Freddie
A federal appeals court upheld a ruling that barred hedge funds from suing to overturn the U.S. government’s 2012 decision to capture billions of dollars in the profits generated by the mortgage guarantors Fannie Mae and Freddie Mac after their bailout, sending shares plunging. Some Fannie Mae and Freddie Mac investors still have a shot at money damages, based on when they acquired their shares and whether they did so before or after the Federal Housing Finance Agency was created and then imposed its control over Fannie Mae and Freddie Mac.
Telkom Said to Consider $1 Billion Bid for South Africa’s Cell C
Telkom SA SOC Ltd. is considering a bid of as much as $1 billion for South African wireless operator Cell C Pty Ltd., which has missed debt payments and is trying to complete a recapitalization, according to three people familiar with matter. Investment banks are also approaching other potential bidders with the firepower to take on the deal, said two of the people, who asked not to be identified as the matter is private.
If your business helps seniors then you could win $10,000
“Research shows that 70 percent of U.S. disposable income is controlled by an aging population, so there are tremendous business opportunities here. We just want to help companies find those opportunities and help solve some of our key challenges in the process.”
Trump denounces wave of anti-Semitism: ‘It’s horrible and it…
In an interview with NBC News, the president offered a more forceful condemnation of recent anti-Semitic provocations in the US, including threats to Jewish community centers and the extensive vandalism of Jewish graves. Speaking at the newly opened Smithsonian National Museum of African American History and Culture on Tuesday, Trump reiterated his denunciation.
The 15 most expensive states to live in when you retire
While low crime rates, proximity to healthcare, and amenities such as movie theaters and golf courses are important, affordability is crucial. As part of its recent ranking of the best and worst states to retire in , personal-finance site WalletHub also rated each state’s affordability.
Jay Z is launching his own venture capital firm
According to Axios’ Dan Primack , the rapper and music mogul is launching a VC fund along with Roc Nation President Jay Brown. The pair are looking to add a third investment partner and plan to partner with Sherpa Capital to launch the fund, Axios reports.
21 unprofessional email habits that make everyone hate you
With the onslaught of emails we receive every day, it’s hard to imagine how anyone could keep up professional email habits at all times. To make this task a little less daunting, we asked experts to highlight some of the least professional behaviors you could demonstrate when sending an email.
Mortgage Rates Tuesday, Feb. 21: Higher; Gap Widens in Housing…
Thirty-year fixed mortgage rates were up six basis points today, while 15-year fixed loans and 5/1 ARMs also rose slightly, according to a NerdWallet survey of current mortgage rates published by national lenders Tuesday morning.
A look inside the most expensive home for sale in America
The $250 million mansion in Bel Air, Calif., comes with every toy imaginable – including 12 rare cars and champagne from Jay Z and BeyoncA ‘s label. The $250 million mansion in Bel Air, Calif., comes with every toy imaginable – including 12 rare cars and champagne from Jay Z and BeyoncA ‘s label.
What the Yahoo sale tells us about stock market bubbles
Interpretation of the news based on evidence, including data, as well as anticipating how events might unfold based on past events Its data breaches have diminished Yahoo’s market value – to get the full scale of its demise, consider that Yahoo was worth more than $90 billion in 1999. There’s a lot of loose talk these days about U.S. stock prices being so high that we’re looking at a market bubble.
The problem with Donald Trumpa s blame game
Interpretation of the news based on evidence, including data, as well as anticipating how events might unfold based on past events While other presidents have played the blame game when coming to office, President Trump has taken it up with unusual rigor and vitriol. Presidents have long liked to play the blame game.
Exxon Mobil Reportedly Resumes Nigerian Layoffs
Exxon Mobil reportedly laid off 89 workers mainly at its Qua Iboe terminal in south-eastern Nigeria, according to an anonymous source. Workers in Nigeria ended a strike at the company’s headquarters in the country in December following the firing of more than 100 employees.
Apple Price Target Raised at Morgan Stanley
Shares of Apple were climbing on Tuesday after Morgan Stanley hiked its price target on the tech titan’s stock to $154 from $150. The firm echoed increased sales optimism in China and that the country could represent “outsized growth” in fiscal 2018.
Stocks on Track to Close at Records as Retail, Energy Rise
Stocks trade above closing records on Tuesday after better-than-expected earnings from Walmart and as energy names rally on a boost to crude oil. Stocks traded above closing records on Tuesday after better-than-expected earnings from Walmart and as energy names rallied on a boost to crude oil.
Secretary Tillerson to Visit Mexico as Homeland Unveils Deportation Plan
Immigration law enforcement agencies have reportedly been directed to quickly identify, capture, and deport every undocumented immigrant they come across. Secretary of State Rex Tillerson and Homeland Security Secretary John Kelly will both visit Mexico this week to discuss securing the border, among other topics, likely to include the strained relations between the U.S. and Mexico.
Legg Mason Stock Spikes on Takeover Speculation
Legg Mason , a Baltimore-based asset manager, reportedly received a takeover bid from an anonymous party, according to StreetInsider.com, citing sources. Legg Mason currently has $710 billion under management.
Grads of LifeVoice: To Keep Up With Digital Transformation, First Transform Your HR Department
These days, it feels like every morning arrives with new, dramatic, and unexpected changes brought about by technological innovation. I’ve spent my life working on moving forward, making progress, and always believing there’s a way to disrupt our old habits and systems with newer, better approaches.
Verizon Said to Reach Deal for Lowered Yahoo Price After Hacks
Verizon Communications Inc. reached a renegotiated deal for Yahoo! Inc.’s internet properties that will reduce the price of the $4.8 billion agreement by $350 million after the revelation of security breaches at the web company, according to a person familiar with the matter. In addition to the discount, Verizon and the entity that remains of Yahoo after the deal, to be renamed Altaba Inc., will share any ongoing legal responsibilities related to the breaches, said the person, who asked not to be identified discussing private information.
Microsoft Faces European Privacy Probes Over Windows 10
Microsoft Corp. faces a coordinated investigation by European privacy regulators after it failed to do enough to address their concerns about the collection and processing of user data with a series of changes to Windows 10 last month. European Union data-protection officials sent a letter to Microsoft saying they remain “concerned about the level of protection of users’ personal data,” according to a copy of the document posted by the Dutch watchdog Tuesday.
Facebook Messenger Now Lets You Send Money With Transferwise
International money transfer service TransferWise Ltd. has announced an integration with Facebook Inc.’s Messenger that will let people set up foreign exchange transactions over the chat service. London-based TransferWise launched the technology as a bot — a piece of automation software that understands natural language — baked within Messenger.
PSA Chief Woos Opel Workers With Vow to Keep Jobs, Brands
PSA Group Chief Executive Officer Carlos Tavares sought to ease tensions over the proposed acquisition of General Motors Co.’ s European business by assuring workers that he’ll protect jobs and revive the Opel and Vauxhall brands.
Xcerra tops Street 2Q forecasts
On a per-share basis, the Norwood, Massachusetts-based company said it had net income of 5 cents. Earnings, adjusted for restructuring costs and amortization costs, came to 6 cents per share.
Rogers Corp. posts 4Q profit
The Rogers, Connecticut-based company said it had net income of 65 cents per share. Earnings, adjusted for non-recurring costs, were 94 cents per share.
Macy’s tops 4Q profit forecasts
The Cincinnati-based department store chain said it had net income of $1.54 per share. Earnings, adjusted for non-recurring costs, came to $2.02 per share.
Ixia beats Street 4Q forecasts
On a per-share basis, the Calabasas, California-based company said it had net income of 6 cents. Earnings, adjusted for one-time gains and costs, were 21 cents per share.
Fenix Parts posts 2Q profit
Fenix Parts Inc. on Tuesday reported second-quarter net income of $1.4 million, after reporting a loss in the same period a year earlier. This story was generated by Automated Insights using data from Zacks Investment Research .
Computer Task Group posts 4Q profit
For the year, the company reported a loss of $34.6 million, or $2.22 per share, swinging to a loss in the period. Revenue was reported as $324.9 million.
How to inexpensively repair a crumbling retaining wall at your home
This retaining wall looks like it should be replaced, but it can be repaired. ItA”s not that expensive to repair it.
Verizon Revises Deal With Yahoo!, Sale to Go Forward
Yahoo! shares were climbing slightly premarket following a Wall Street Journal report that Verizon agreed to go forward with its acquisition of the Internet company, though Verizon will cut as much as $350 million off of its original $4.83 billion offer. The revised offer comes after Yahoo! warned of two data breaches last year that potentially affected more than 1 billion user accounts.
European Oil Majors Rise on Record Bets For Further Crude Gains
Europe’s biggest oil company stocks notched solid gains Tuesday as crude prices continued to rise on increased bets that OPEC’s production cut discipline will offset rising U.S. supply signals. Europe’s biggest oil company stocks notched solid gains Tuesday as crude prices continued to rise on increased bets that OPEC’s production cut discipline will offset rising U.S. supply signals.
Stock Futures Rise After Walmart, Home Depot Top Earnings Estimates
Stock futures moved higher on Tuesday as positive earnings from retailers including Walmart and Home Depot lifted spirits across the board. Stock futures moved higher on Tuesday as positive earnings from chains Walmart and Home Depot lifted spirits for the retail earnings season.
Walmart Tops 4Q Earnings Expectations
Shares of Walmart were up 2.5% to $71.10 in premarket trading Tuesday after the big box retailer reported fourth-quarter earnings of $1.30 a share, topping analysts’ expectations by 2 cents.
Walmart Surprisingly Didn’t Have an Ugly Holiday Season
Walmart shares climbed by 2.35% to $71 a share in pre-market trading Tuesday after the retail giant reported strong fourth quarter and full-year results. Fourth quarter earnings came in at $1.30 a share on revenue of $133.6 billion, Analysts had estimated earnings of $1.28 a share on sales of $131.1 billion.
An Activist Investor Has Forced Tiffany & Co. to Bring on 3 Retail Legends to Its Board
Tiffany has added three new independent directors to its board as it bows to pressure from activist investor Jana Partners. The jeweler on Tuesday said that Roger Farah, James Lillie and Francesco Trapani would be joining the board no later than March 6, increasing the board’s size to 13 from 10 members.
Earnings Preview: What To Expect From Barclays, RBS and Lloyds
Britain’s four major lenders will publish earnings this week, with investors now focused on potential downside surprises following a a show-stopping disappointment from HSBC’s full-year report Tuesday. Next up are Lloyds , Barclays and Royal Bank of Scotland , which are also due to report over the next three days.
Steel yourself for the bad news from retailers — Guilfoyle
“When you bring in multi-brand retail items into the country, you’re not just bringing the products, but you’re also harming local manufacturers.” –Narendra Modi, Prime Minister of India Don’t look now, but earnings season is far from over.