General Motors is facing pressure from investor David Einhorn’s Greenlight Capital to boost its stock price by splitting its common shares into two classes. GM said that structure creates “unacceptable” risks.
[...] Uber's report comes as pressure mounts on the company in light of sexual harassment claims by a former employee, the antics of its embattled CEO Travis Kalanick and ongoing criticisms of a boorish "brogrammer" culture.
Other technology companies have not been disclosing this information, but it's possible that they will follow Uber's steps — especially as the industry continues to clash heads with President Donald Trump's administration over immigration issues.
The San Francisco company has hired former U.S. Attorney General Eric Holder to lead an investigation into the sexual harassment charges leveled by the former engineer, Susan Fowler.
WASHINGTON (Reuters) - The possible bankruptcy of U.S. nuclear developer Westinghouse Electric Co is a "concern" for President Donald Trump's administration and a potential national security issue, an administration official told Reuters on Tuesday.
Tencent’s $1.8 billion investment in Tesla highlights ambitions beyond its home turf and the social-media and videogame businesses for which it is best known.
Ford outlined investments in three Michigan factories, a move heralded by President Donald Trump, that include several previously disclosed projects, plus $200 million to build a data-storage center and an extra $150 million to retool a small-car plant to build pickups and SUVs.
The Trump administration move to ease curbs on carbon emissions may extend the life of some coal-fired power plants, but companies and energy experts say it is unlikely to reverse the U.S. utility industry’s shift to natural gas, solar and wind as leading sources of electricity.
[...] as she spoke, the Trump administration sent Congress a series of "options" for budget cuts, including slashing $3 billion from Education Department, as well as cuts to NASA and the National Institutes of Health.
[...] Gerard Robinson, a resident fellow at the conservative American Enterprise Institute, said that STEM was not limited to the Education Department and that other agencies, like the Defense Department, where Trump has proposed to increase spending, also have STEM programs.
The bills, which Trump signed into law in February, call on NASA to encourage young women to study STEM and empower the National Institutes of Health to support women in turning their scientific work into business ventures.
The MBA program at the University of Pennsylvania’s Wharton School will offer deferred admission and tuition assistance to some 10 seniors now studying liberal arts and sciences, with a $10 million gift from investment banker Ken Moelis.
(Reuters) - U.S. stocks ended sharply higher on Tuesday, with financial and energy shares surging as data showed U.S. consumer confidence soaring to a more than 16-year high.
The parent company of Olive Garden disclosed strong results and said it will buy Cheddar's Scratch Kitchen for $780 million.
Chinese internet company Tencent Holdings disclosed a 5-percent stake in the electric car maker.
A Democratic senator asked for marketing information, sales records and studies from makers of opioid pain drugs, including Depomed.
Eventually, members of Amazon's $99-a-year Prime loyalty program will be able to order groceries online and drive to a pickup location, where crews will deliver items to the car.
At an Amazon Go convenience store in Seattle, items selected are automatically monitored and added to a virtual cart so shoppers can skip the checkout.
WASHINGTON (Reuters) - Euronet Worldwide Inc ramped up its fight against China's Ant Financial Services Group in trying to acquire MoneyGram International Inc , urging the U.S. government to closely scrutinize the rival Chinese bid saying it raises "significant national security risks."
Consumer confidence gain sends stocks up
Investors were encouraged Tuesday by a survey that showed consumer confidence had climbed to the highest level in more than 16 years.
Stocks are posting solid gains after a report showed consumer confidence climbed to its highest level in more than 16 years.
Software company Red Hat rose 5.5 percent after reporting results that beat analysts' expectations.
Stocks are off to a mixed start on Wall Street, while energy companies rose along with the price of crude oil.
Darden Restaurants, owner of Olive Garden, gained 6 percent and software company Red Hat rose 5 percent after reporting results that beat analysts' expectations.
Uber Technologies Inc. on Tuesday published the first breakdown of its workforce by gender and ethnicity, part of an effort to push back against criticism that the ride-sharing company’s culture is hostile to women
(Reuters) - General Motors Co on Tuesday rejected a proposal by billionaire investor David Einhorn to split its common stock into two classes to help boost its share price.
Universal Music in January won the licensing rights to Prince’s “vault,” a trove of the late pop star’s unreleased music, but there wasn’t much of a bidding war.
Financials companies led U.S. stock indexes broadly higher in late-afternoon trading Tuesday, on course to snap an eight-day losing streak by the Dow Jones industrial average. The market got a lift from new data showing that consumer confidence in the U.S. hit its highest level since 2000. There was also renewed investor optimism that Congress and the White House are focused again on tax cuts and other business-friendly policy proposals.
(Reuters) - Uber Technologies Inc released its first diversity report on Tuesday, showing that women and non-white employees are underrepresented at the ride-services company - just as they are at many other technology firms.
THE QUOTE: "The consumer confidence number was really good, but more importantly, it seems like both sides of the aisle do want to get something done around tax reform," JJ Kinahan, chief market strategist at TD Ameritrade.
Since Donald Trump's presidential election win last November, investors have been optimistic that the administration would soon deliver on promises to slash taxes, loosen regulations for companies and institute other business-friendly policies.
Darden Restaurants jumped 9.3 percent after the owner of Olive Garden reported strong quarterly results and said it will buy the Cheddar's Scratch Kitchen chain for $780 million.
Carnival rose 0.8 percent after the cruise line operator served up solid first-quarter results and a better-than-expected estimate for the second quarter.
The Conference Board said that its consumer confidence index rose this month to 125.6, its highest level in more than 16 years.
Mortgage rates are rising but that's not expected to affect home sales yet because hiring is still strong, rates are low and there aren't a lot of homes on the market.
Natural gas added 4 cents to $3.10 per 1,000 cubic feet, wholesale gasoline rose 2 cents to $1.64 per gallon and heating oil gained a penny to $1.52 per gallon.
DETROIT/WASHINGTON (Reuters) - Ford Motor Co on Tuesday said it would invest $1.2 billion in three Michigan facilities and create 130 jobs in projects largely in line with a previous agreement with the United Auto Workers union, hours after U.S. President Donald Trump touted a "major investment" by the automaker on Twitter.
OneUp Sports had plans to distribute sports videos to thousands of local sites. But instead the startup has spent the past few months backing out of an acquisition, grappling with lawsuits and struggling economically.
The company plans to develop brain implants that can treat neural disorders — and that may one day be powerful enough to put humanity on a more even footing with possible future superintelligent computers, according to a Wall Street Journal report citing unnamed sources.
Musk, a founder of both the electric-car company Tesla Motors and the private space-exploration firm SpaceX, has become an outspoken doomsayer about the threat artificial intelligence might one day pose to the human race.
Doctors implant electrodes in brains to deliver stimulation for treating such conditions as Parkinson's disease, epilepsy and chronic pain.
Entrepreneur Bryan Johnson, who sold his previous payments startup Braintree to PayPal for $800 million, last year started Kernel, a company working on "advanced neural interfaces" to treat disease and extend cognition.
Brain surgery remains a risky endeavor; implants can shift in place, limiting their useful lifetime; and patients with implanted electrodes face a steep learning curve being trained how to use them.
A regulator said it had found “an extensive and pervasive pattern” of “discriminatory and illegal credit practices across multiple lines of business.”
For Jews in Jerusalem and around the world who wonder whether their cocktail is kosher, Rabbi Shmouel Semelman is the go-to guy.
WASHINGTON (Reuters) - The U.S. Commerce Department will remove Chinese telecom equipment maker ZTE Corp from a trade blacklist after the company admitted to violating sanctions on Iran, the Commerce Department said in a notice made public on Tuesday,
The Pentagon is appointing new leaders for two big military programs that President Donald Trump criticized as too expensive.
Flanked by coal miners at the Environmental Protection Agency, President Trump signed an order directing the agency to start the process of rewriting the Clean Power Plan.
If your device randomly rejects your attempts to unlock it with your fingertip, try a few of the basic troubleshooting steps on hand.
A lot of posts online define evergreen content marketing, but they don’t really offer any real strategies to use. Evergreen marketing at its core simply means using strategies that won’t go stale quickly.
This excludes pretty much all forms of popular marketing methods such as email blasts, social media posts, trending topics, news, PPC, and promotions/sales gimmicks where prices/products can change or an influencer may lose their relevance with the market (ie., “You Can Get This Right Now For Just $19.97!” or “Kanye West Says Our Vodka is the Best!”).
Evergreen, just like the type of tree, lasts through the ages.…
DETROIT (Reuters) - China's Tencent Holdings Ltd has bought a 5 percent stake in U.S. electric car maker Tesla Inc for $1.78 billion, the latest investment by a Chinese internet company in the potentially lucrative market for self-driving vehicles and related services.
Among the risks are the potential loss of GM's investment grade credit rating, unknown market demand for the new securities that could depress prices, and corporate governance challenges that would come from having two classes of stock with competing objectives.
Two years ago, GM avoided a proxy fight with annual investors by starting its stock buyback program.
[...] GM has increased its earnings — profit reached $9.4 billion last year — and paid out more in dividends and stock repurchases.
GM said the Greenlight proposal would not help the company sell more cars or drive higher profits, "nor would it address the fundamental sector factors affecting GM's stock price."
WASHINGTON (AP) — Federal Reserve Chair Janet Yellen said Tuesday that U.S. banks must do all they can to promote economic development in low-income areas where high unemployment has persisted despite the overall job market's significant gains.
The Fed chair said workforce development is especially important to allow job seekers in such communities to keep up with changes in the economy caused by global competition and advances in technology.
"While the job market for the United States as a whole has improved markedly since the depths of the financial crisis, the persistently higher unemployment rates in lower-income and minority communities show why workforce development is essential," Yellen said in a speech to the annual conference of the National Community Reinvestment Coalition.
President Donald Trump, who has pressured automakers to invest more and create jobs in the U.S., applauded the move Tuesday in an early morning tweet.
Ford announced plans to upgrade some of its Michigan plants in November 2015 as part of a new contract with the United Auto Workers union.
Hinrichs said it's not unusual for the company to reach out to state and national political leaders before such an announcement.
Amid slowing sales of smaller vehicles, Ford did scrap plans for a brand new plant in Mexico, but will continue to build small cars at an existing facility there.
The plant used to operate on three shifts, but it cut a shift and 673 factory workers in 2015 because of slumping sales of small cars.
DETROIT (AP) — Chinese tech giant Tencent Holdings has acquired a 5 percent stake in electric car maker Tesla Inc.
Tencent spent $1.8 billion acquiring 8.2 million shares during Tesla's stock offering earlier this month, according to documents filed with the U.S. Securities and Exchange Commission.
Amazon.com said it is launching a new grocery-store pickup service, pushing deeper into brick-and-mortar retail as it moves to capture more of what people spend on food.
The spontaneous fires, many chronicled in videos circulated on YouTube, prompted Samsung to recall millions of phones and take a $5.3 billion hit on its earnings.
Samsung conducted extensive tests since then and has blamed multiple design and manufacturing defects in batteries made by two different companies.
WASHINGTON (Reuters) - U.S. consumer confidence surged to a more than 16-year high in March amid growing labor market optimism while the goods trade deficit narrowed sharply in February, indicating the economy was regaining momentum after faltering at the start of the year.
Federal Reserve Chairwoman Janet Yellen said better educational opportunities for low-income communities and programs to develop entrepreneurship could expand work opportunities and benefit the overall labor market.
Schmitt, a professor of law at the U.S. Naval War College and University of Exeter in England, has spent years trying to defuse talk of cyberattacks, an expression used to describe everything from remotely disabling a city's power grid to stealing a Facebook password.
Words affect intelligence operations; words affect military operations; words affect the behavior of allies and enemies.
When Oklahoma Senator Jim Inhofe described the massive data breach at the U.S. Office of Personnel Management as one of America's "most damaging cyberattacks," one of America's top spymasters corrected him.
Two of the cases Leiderman has been involved in, activist Jeremy Hammond and gonzo journalist Barrett Brown, have featured stiff sentences meted out over alleged "cyber attacks."
Dieter Fleck, the honorary president of the International Society for Military Law, said it was generally fine to use the word "cyberattack" so long as it wasn't confused with the much more serious category of intrusions formally known as "armed attacks."
The Associated Press Stylebook is defining a cyberattack narrowly as something that causes "physical damage or significant and wide-ranging disruption."
WASHINGTON (Reuters) - A Republican-controlled committee of lawmakers approved a bill on Tuesday to allow a congressional audit of Federal Reserve monetary policy, a proposal Fed policymakers have opposed and which faces an uncertain path to final approval.
The report, which excludes drivers, showed Uber’s employees are overwhelmingly male and the largest ethnic group is white, though the figures are not so different from other tech companies.
Chicago Fed President Charles Evans said the U.S. central bank could raise short-term interest rates four times this year if inflation picks up, but suggested lifting rates three times remains more plausible.
The drug makers Regeneron Pharmaceuticals and Sanofi made a rare move, negotiating with insurers in advance over the price for Dupixent.
U.S. home prices rose in January at their fastest rate since mid-2014, a trend that bodes well for sellers but could start to eat into demand as buyers get priced out of the market.
It lets people share videos and photographs in the Facebook app that will disappear after 24 hours, similar to the Stories feature on Instagram, also owned by Facebook.
LOS ANGELES (AP) — In a story March 27 about the government's plans to build a wall between the U.S. and Mexico, The Associated Press misspelled the name of Fluor Enterprises.
LOS ANGELES (AP) — As a billionaire developer, Donald Trump built casinos, luxe condo towers and lush golf courses.
Ultimately, though, experts say the project, if built, could deliver a windfall for some large construction companies and their suppliers.
Engineering and infrastructure companies that have worked on previous government projects could capture a chunk of the multibillion-dollar work.
[...] the project would likely also be stymied by the struggles that have beset the industry in recent years, notably a shortage of skilled labor and rising materials costs.
Some of the big companies include a subsidiary of the construction and engineering firm Parsons Corp. and Vulcan Materials Co., a producer of asphalt and ready-mixed concrete.
The Trump administration has said it wants the wall to provide not only a physical barrier but also access roads, motorized vehicle gates, lighting, communication towers, ground sensors and remote video surveillance.
Some that have expressed interest include Border Technology Inc. of Hereford, Arizona, whose website says it's worked with the Border Patrol using drones and other equipment to monitor the border.
Along with engineering and design work, the project would require numerous construction and heavy machinery operators.
Finding enough skilled laborers could be tough, though, because thousands of skilled construction workers left the industry after the housing meltdown and Great Recession a decade ago.
For now, the government's contract solicitations are intended only to assess prototype designs for the wall and to build some segments of the structure.
The wall would also extend at least 6 feet underground to deter tunneling across the border; be resistant to climbing tools; and be strong
Elon Musk’s SpaceX will strive to make history once again, highlighting benefits of reusable boosters with the launch of the first large, liquid-fueled rocket powered by engines previously fired in space.
The president’s failure to push through broad health care overhaul has raised questions about the prospects of a sweeping rewrite of the tax code.
The company says it wants to let your camera "do the talking" as more people are posting photos and videos instead of blocks of text.
Years ago, Facebook tried to buy the company but was rebuffed.
[...] it has been trying, with varying degrees of success, to clone Snapchat's most popular features.
GE plans to keep the financing components related to its industrial businesses.
Since 2004, GE has sold its insurance, credit card, plastics and security businesses as returns its focus to making large, complex equipment for other businesses.
After 23 Years in TriBeCa, the innovative Japanese restaurant chain will move its nerve center next week to a grand space in the financial district.
Cybercrime is a serious problem that costs billions of dollars every year. Not only is it continuing to increase, cyber attacks are becoming more customized and sophisticated. Not only that, the list of computer crimes is growing. It currently includes:
- Intellectual property theft: this includes theft of any copyrighted material, trademark violations and theft of trade secrets.
- Phishing scams: hacking a computer and sending multiple emails with the intent to deceive recipients, often into sending money or giving out personal information.
- Circumvention of security systems: interference with security cameras and alarm systems in order to gain illegal entry.
- Spreading viruses: worms and viruses can have a devastating effect on your business’s continuity and cost you monetarily and in lost data.
With President Trump’s focus on the border, the union’s weekly podcast has become an influential, unfiltered and entirely one-sided megaphone.
Americans grew more optimistic about the economy in March with confidence reaching their highest level in 16 years.
Researchers are surprised to see very little employment increase in other occupations to offset the job losses in manufacturing.
WASHINGTON (AP) — U.S. consumer confidence climbed to its highest level in more than 16 years, a strong gain for one of President Donald Trump's preferred economic indicators.
The "renewed optimism suggests the possibility of some upside to the prospects for economic growth in the coming months," said Lynn Franco, director of economic indicators for the business group.
An investment of $1.2 billion in three Michigan facilities, praised by President Trump, will add or preserve 130 jobs at an engine factory.
The purchase came as the carmaker has sought to raise more cash before starting production of its Model 3, an electric vehicle targeting the mass market.
WASHINGTON (AP) — U.S. home prices jumped in January from a year earlier at the fastest pace in nearly 2 ½ years, as a tight supply of houses for sale spurred bidding wars in many cities.
Mark Fleming, chief economist at First American, said that still-low mortgage rates and steady hiring will likely support further housing demand.
"Low mortgage rates and economic growth set against a low inventory of homes for sale will drive a strong sellers' market and further rising prices this spring," Fleming said.
NEW YORK (AP) — Carnival Corp.'s profit more than doubled in the first-quarter as lower fuel costs and higher revenue helped it top Wall Street forecasts.
The results surpassed Wall Street expectations of 35 cents a share, according to the average estimate of eight analysts surveyed by Zacks Investment Research.
A key factor in the profit boost came from a gain in fuel cost hedging, compared to a loss a year ago.
For the current quarter ending in June, Carnival expects per-share earnings of between 43 cents and 47 cents.
ROCHESTER, N.Y. (AP) — The World Video Game Hall of Fame's 2017 finalists span decades and electronic platforms, from the 1981 arcade classic "Donkey Kong" that launched Mario's plumbing career to the 2006 living room hit "Wii Sports," that made gamers out of grandparents.
—"Pokemon Red and Green" (1996):
Since appearing on the Nintendo Game Boy, the Pokemon phenomenon has produced more than 260 million copies of its games, 21.5 billion trading cards, more than 800 television episodes and 17 movies.
Launched with the Nintendo Wii home video game system, its motion-control technology let gamers of any age serve a tennis ball or throw a left hook and helped push Wii console sales to more than 100 million.
In Apalachicola, Fla., residents are divided over how to solve a lack of affordable housing. Some advocate converting early examples of African-American architecture.
Cutting benefits and training won’t help working-class voters hit by disruptions in trade or address its toll on families, job prospects and longevity.
A front page with Theresa May, Britain’s prime minister, and Nicola Sturgeon, the first minister of Scotland, elicited immediate outrage.
The restaurant industry has attracted entrepreneurs from all walks of life to try their hand at restaurant management and ownership. While this business endeavor can be attractive, it’s also a challenging venture that has a variety of hidden obstacles.
Research shows that one in every three restaurants closes its doors for good within the first three years of business. Because crafting a successful restaurant from the ground up can be an extremely difficult endeavor, many would-be restaurateurs are turning to franchise purchases.
Purchasing an already successful business can alleviate the stress and some of the responsibility inherent to a restaurant venture.…
Although the country has had equal pay laws for half a century, gaps still exist, and new legislation is intended to address the imbalances more forcefully.
Having bought out Uber in China, the company now wants SoftBank of Japan to join in a multibillion-dollar investment round, people familiar with the talks say.
Increasing Your Research Palette
Oftentimes it can be difficult to find information about a given organization or corporation. You do a Google search, but everything you find is sanitized. When you need information from an unbiased source on a corporation, finding that data will usually take a lot of time and energy. That time represents a diminished opportunity cost.
When you’ve got to spend hours getting the measure of an organization, those hours can’t be devoted to more fruitful, productive activities. When it comes to business, curtailing opportunity cost wherever possible is a very wise strategy. So if you can consolidate your research parameters such that they deliver more information at less time expense, it’s like making money.…
President Trump named Makan Delrahim, a White House legal counsel, to lead the Justice Department’s review of mergers and acquisitions.
If the home-building industry had returned to the long-term average level of construction, it would have given a 1.8% boost to U.S. gross domestic product, according to a new study.
As businesses look to scale their efficiency the global market for nearshore and offshore outsourcing continues to grow. While many people link India and Asia as the main outsourcing hubs there is a real momentum shift happening in Central America particularly in Nicaragua as a new outsourcing marketplace that offers many benefits.
However, choosing the right outsourcing partner is always the same process – whether it’s China, Nicaragua or India as the main labor target.
Today, we are talking with Matt Reeser, a thought leader in the outsourcing industry in Nicaragua – who is helping us pinpoint the main qualities of a great outsourcing partner.…
U.S. agricultural producers are lobbying hard on both sides of the Mexico border to try to ensure that a renegotiation of the North American Free Trade Agreement doesn’t turn U.S. farm exports into collateral damage.
In business niche, most people when starting a blog write about lots of stuff. And it’s normal for this to happen if you have a great imagination and are inspired by many things around you. Moreover, it’s not bad to vary your business-related topics and to read about various things, but at the same time, it would be a very good idea to narrow your business blog niche. Here is a couple of reasons why.
It’s Easier to Write
Having a particular niche in mind makes it easier for you to focus and to gather information. Ideally, you should choose a topic you are really passionate about, so the articles will just flow.…
With the rise of the new gig economy, more and more people are leaving their traditional workplaces to go into business for themselves. These include entrepreneurs, solopreneurs, freelancers, and small business owners.
While this means that the job market is robust, always changing and therefore steadily growing, it also means that there is now also an increase in independent professionals with a wide range of skills.
For small business owners, this means that you can get someone short-term to do tasks that would usually require a full-time employee.
More and more business owners are outsourcing their work nowadays. However, it doesn’t have to be just limited to website or logo or graphic design.…
In military forces around the world, top-notch communication skills, or a lack thereof, are considered a life and death issue. After all, any slip in the communication lines can result in catastrophe – soldiers can lose their lives, innocent civilians can be killed or harmed, wars can be lost. Big communication blunders are rarely forgiven, those who make the small ones are often subjected to the “three strikes and you’re out” rule.
In business, some workplaces have their communication down pat. Others are terrible, yet refuse to learn their lesson when blunders happen time and again. A study from a few years ago labeled “The Cost of Poor Communication” made it abundantly clear that communication woes cannot be treated as a casual issue.…
While it’s still open to debate on any given day, up to a third of Google searches are for local businesses. The search engine provider has also stated that local searches on mobile devices are growing fifty-percent faster than other types of queries.
If you own a local small or medium size business, you could be losing hundreds, even thousands of potential customers if your web hosting isn’t up-to-par. Considering we’re in the middle of yet another online boom period (ie., local search), you need to make sure your SEO plan is leaving nothing to chance.
What’s up-to-par mean when considering hosting providers?
As a small business owner, you may have become so caught up in improving your company that you have forgotten to spend any time improving yourself. Running a business can certainly be a turning point for many people, but there are also many strategies for active self-improvement that can be effectively used by entrepreneurs. Self-improvement will not only benefit your personal life and relationships, but it will affect every aspect of your life, including your business and perhaps even your finances.
Here are some of the best ways to invest in your own self-improvement.
1. Online Learning
Online education has grown significantly in popularity within the last decade or so, and for many small business owners, it has provided them with a huge range of great opportunities to learn and develop.…