A sexism scandal has rocked Uber for the last two days after a former engineer published a lengthy blog post about her year at Uber. In her reflections, former engineer Susan Fowler said she was sexually harassed by her manager, ignored by HR, and was threatened by her manager for even reporting the alleged incidents.
Month: February 2017
Someone draped a ‘refugees welcome’ banner on the Statue of…
The Statue of Liberty got a new sign on Tuesday. A banner that read “REFUGEES WELCOME” was unfurled on the monument’s pedestal in New York.
Russia-Ukraine ‘peace plan’ controversy is an…
The controversy surrounding the role President Trump’s lawyer played in pushing a “peace plan” for Russia and Ukraine on the National Security Council is “an absurd attempt to distract” from Trump’s reforms, the White House told Business Insider on Tuesday. Trump’s personal lawyer, Michael Cohen, was at the center of a New York Times report published Sunday that said he had hand-delivered a plan to former National Security Adviser Michael Flynn before Flynn was asked to resign.
These new leaked photos appear to reveal more details about…
Leaked photos supposedly showing the upcoming Galaxy S8 seemingly confirm rumors about the device’s large display and narrow top and bottom borders. The photos, which were first reported by SamMobile , were leaked on Twitter from a source who allegedly works at a Chinese protective film manufacturer.
United, American Begin Selling Cheaper Economy-Class Fare
American and United have started selling cheaper “basic economy” fares as they battle discount airlines for the most budget-conscious travelers. American announced early Tuesday that it began selling the new fares for flights starting March 1 on 10 different routes from its hub airports in Dallas, Miami, Philadelphia and Charlotte, North Carolina.
Hedge Funds Lose Bid to Quash Fannie, Freddie Profit Grab
Hedge funds largely failed in their legal challenge to the U.S. government’s capture of billions of dollars in profits generated by Fannie Mae and Freddie Mac after their bailout, sending shares of the mortgage guarantors plunging. Perry Capital LLC, the Fairholme Funds and other big investors lost a bid to overturn a judge’s ruling that said they can’t sue the government over the dividend change.
Magic Johnson takes over Lakers; Mitch Kupchak, Jim Buss out
Team owner Jeanie Buss fired general manager Mitch Kupchak on Tuesday and put Johnson in charge of basketball operations. She also removed her brother, Jim, from his job as the Lakers’ executive vice president of basketball operations.
Wal-Mart, General Mills and Popeyes climb; Kraft Heinz falls
The chicken chain agreed to be bought by Burger King owner Restaurant Brands for $1.8 billion, or $79 a share. The jewelry retailer will add three new directors to its board as part of a deal with hedge fund Jana Partners .
UPS tests drones for regular deliveries in rural areas
United Parcel Service said Tuesday that a drone launched from a specially outfitted truck, made a delivery and returned to the truck during a test this week in Florida. UPS has tested drones for emergency deliveries such as medicine.
Walmart profits drop 18% in 4th quarter despite strong holiday sales
Walmart, the giant retailer, said Tuesday that it had attracted more customers during the crucial holiday shopping season but that its efforts had come at a cost. Sales at U.S. stores open at least a year rose 1.8 percent during the fourth quarter, compared with a 1.3 percent increase many analysts were expecting, Walmart reported .
Tribune Media Stock Rising on Starboard Stake Increase
Shares of Tribune Media are gaining by 2.49% to $34.54 in after-hours trading on Tuesday, after it was disclosed that Starboard Value upped its stake in the media and entertainment company. Starboard’s stake now stands as 6.6%, a more than 2% rise from its previously held stake in Tribune.
Starboard’s Smith Launches Activist Campaign at Tribune Media
The insurgent investor reported a 6.6% stake and said he may make recommendations to the company involving board structure and “potential business combinations.” Tribune Media’s share price spiked in late trading Tuesday after activist investor Starboard Value’s Jeff Smith suggested that he may make recommendations to the company involving board structure, capitalization and “potential business combinations.”
Facebook, MLB in Talks to Stream Live Games
Facebook and Major League Baseball are in advanced discussions to live stream one game per week this upcoming season on the social media giant’s platform, according to Reuters , citing sources. This is a developing story.
Senators Want Sessions to Review AT&T, Time Warner Deal
The planned $85 billion merger between AT&T and Time Warner could be facing further scrutiny as top senators on the Judiciary Committee are urging the DOJ to look into the deal further, due to antitrust concerns. Subcommittee chair Sen. Mike Lee and Amy Klobuchar sent a letter to Attorney General Jeff Sessions highlighting parts of the deal they find concerning, The Hill reports.
Apple’s Reported Plan to Launch Several New iPads Makes Sense, But Won’t Stabilize Tablet Sales
Launching new iPad Pro models should strengthen Apple’s grip on the high-end. But bigger improvements will be needed to spark an industry recovery.
Dow Posts Eighth Consecutive Record Close; S&P 500 and Nasdaq Also Score New Highs
Wall Street returned from the long holiday weekend with enough energy to push stocks to new records for their second session in a row. The Dow Jones Industrial Average increased 0.58% to close at 20,743, capping off its eighth straight day of gains following a better-than-expected quarter from Walmart .
All Of Trump’s Executive Orders So Far
In the past two months, President Donald Trump has signed a dozen executive orders into effect to fulfill campaign promises. Most, if not all, have caused controversy, and they have undon a lot of the work of the Obama administration.
Is It Possible to Get Tired of the Market Hitting All-Time Highs?
There was a slight variation in the market pattern today, but the result was the same with an afternoon ramp and a close at the highs. This time the market gapped up rather than down and the dip buyers never had much of a chance to do their thing again.
II-VI’s Optics Are Excellent
In this one-year daily chart of IIVI, below, we can see how prices started their uptrend in September. Prices are above the rising 50-week moving average line and the rising 200-day average.
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In this Oct. 5, 2016, file photo, heavy equipment is seen at a site where sections of the Dakota Access Pipeline were being buried near the town of St. Anthony in Morton County, N.D. The Army has notified Congress Tuesday, Feb. 7, 2017, that … it will allow the $3.8 billion Dakota Access pipeline to cross under a Missouri River reservoir in North Dakota, completing the four-state project to move North Dakota oil to Illinois. The Army intends to allow the crossing under Lake Oahe as early as Wednesday, Feb. 8. The crossing is the final big chunk of work on the pipeline.
Whata s the Difference Between ETFs and Mutual Funds?
Exchange traded funds have taken the financial industry by storm, experiencing phenomenal growth in the fund space. Many investors now consider ETFs as a valid replacement for traditional open-end mutual funds as strategies evolve.
How long will the market rally last?
Feb. 21, 2017 – 4:59 – President of Pacer ETF Distributors Sean O’Hara on whether market optimism will continue and Trump’s position on trade.
New FCC head Ajit Pai could influence Canada’s net neutrality policies
Donald Trump’s pick to lead the U.S. telecommunications regulator has taken aim at net neutrality rules, a move that could have an influence on policy in Canada. Net neutrality is the principle that all Internet traffic should be treated the same.
Trump’s new EPA chief barely mentioned the environment in…
Scott Pruitt, the Environmental Protection Agency critic who recently took over the agency as part of the Trump administration, gave his first address in his new position Tuesday. The former Oklahoma Attorney General mentioned “important, monumental issues with respect to our future and our environment,” but avoided a number of issues central to the EPA’s mission – such as air and water protection, cleanups, public health, and environmental monitoring.
Milo Yiannopoulos resigns from Breitbart after appearing to…
Milo Yiannopoulos, the controversial right-wing provocateur, resigned as senior editor from Breitbart News on Tuesday amid controversy stemming from year-old comments he made appearing to condone sexual relationships between “younger boys and older men.” “I would be wrong to allow my poor choice of words to detract from my colleagues’ important reporting, so today I am resigning from Breitbart,” Yiannopoulos said in a statement .
Vancouver police: Son began trying to dismember mom’s body
A 45-year-old man is accused of killing his mother at her Vancouver home last week and trying to dismember her before he was arrested, according to court documents. Kenneth Moore appeared in Clark County Superior Court Tuesday.
Man who discussed attack like Dylann Roof’s to stay in jail
This police booking photo released Thursday, Feb. 16, 2017 by the Horry County Police Department in Conway, S.C., shows Benjamin McDowell. McDowell is charged with being a felon in possession of a firearm.
First Look at New Research: February 21, 2017
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.
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.