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Monthly Archives: April 2018

WPP break-up likely following Sorrell’s departure, says Tilbian

Simon Dawson | Bloomberg | Getty Images Martin Sorrell, the former chief executive officer of WPP Plc. Tilbian said WPP looked ripe to be broken up. “It’s a circus and he was the ringmaster. The very fact that they are going to need at least three people to replace him, …

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Alcoa shares dive 12% after US reconsiders penalties against Russian competitor

Alcoa shares dropped Monday after the U.S. Treasury Department issued a six-month reprieve to sanctions levied on a top Russian aluminum competitor. Its stock fell more than 12 percent after the department said it would give Americans until October to wind down transactions with Rusal. The extension was granted, Treasury …

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CEO Reed Hastings paid $24.4 million in 2017

Victor Chavez | Getty Images Netflix content executive director, Ted Sarandos attends the Vive Netflix 2017 at Museo Casa de la Bola on August 2, 2017 in Mexico City, Mexico. The proxy filing also show that Ted Sarandos, chief content officer, made $22.4 million, up from $18.9 million the prior …

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Kanye West thanks Elon Musk and says he loves his Tesla

Jerritt Clark | Getty Images Entertainment | Getty Images Kanye West performs at the Rn. 1st Annual Roc City Classic Starring Kevin Durant x Kanye West on February 12, 2015 in New York City Rap superstar Kanye West praised his Tesla as the “funnest car” he’s ever driven and thanked …

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The market is now pricing in almost a 50/50 chance of four rate hikes this year

Aaron P. Bernstein | Reuters Federal Reserve Chairman Jerome Powell speaks at a news conference following the Federal Open Market Committee meetings in Washington, U.S., March 21, 2018. The market is finally coming around to the idea that the Federal Reserve this year will be raising interest rates a total …

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Careem says data of 14 million drivers and riders stolen in cyberattack

Asad Zaidi | Bloomberg | Getty Images A customer displays the Careem Inc. ride-hailing app while booking a car in this arranged photograph in Islamabad, Pakistan, on Tuesday, Dec. 12, 2017. Careem, the Middle East rival to Uber, had the data of its 14 million customers and drivers stolen in …

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Trump dogged by a string of legal battles, including DNC lawsuit

Victoria Jones | PA Images | Getty Images Christopher Steele, the former MI6 agent in London where he has spoken to the media for the first time, March 7, 2017. On Jan. 9, Cohen took legal action against intelligence gathering firm Fusion GPS, and online news and entertainment site BuzzFeed, …

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Oil traders must check Twitter to monitor feud

Saul Loeb | AFP | Getty Images President Donald Trump speaks about tax cuts during an event with American workers in the Rose Garden of the White House in Washington, DC, April 12, 2018. Oil traders must become especially attentive to Donald Trump’s Twitter feed over the coming weeks, an …

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South silences propaganda broadcasts as summit looms

Korea Pool-Donga Daily via Getty Images A South Korean soldier stands next to the loudspeakers near the border area between South Korea and North Korea on January 8, 2016 in Yeoncheon, South Korea. South Korea has stopped blaring music and other propaganda via loudspeakers along the border with North Korea, …

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Paris attacks suspect gets 20-year sentence in Brussels trial

EMMANUEL DUNAND | AFP | Getty Images Prime suspect in the November 2015 Paris attacks Salah Abdeslam (L) sits beside his alleged accomplice Sofiane Ayari (R) as they are surrounded by Belgian special police officers in the courtroom at the ‘Palais de Justice’ courthouse in Brussels for the opening of …

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