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Monthly Archives: July 2018

Boeing steps in to help the manufacturer of the world’s biggest plane

Paul Kane | Getty Images News | Getty Images PERTH, AUSTRALIA – MAY 15: The front end of the Antonov AN-225 Mriya is opened prior to unloading of cargo after arriving at Perth International airport on May 15, 2016 in Perth, Australia. The Ukrainian cargo plane is 84 metres long …

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Disney receives shareholder approval to buy Fox entertainment assets

Getty Images Chief executive officer and chairman of The Walt Disney Company Bob Iger walks on the floor of the New York Stock Exchange (NYSE) before ringing the opening bell, November 27, 2017 in New York City. Twenty-First Century Fox and Walt Disney Company shareholders have approved a deal to …

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Bank of America downgrades Intel, says ‘biggest risk’ remains unresolved

Thomas Samson | AFP | Getty Images As tech giants race against the clock to fix major security flaws in microprocessors, many users are wondering what lurks behind unsettling names like ‘Spectre’ or ‘Meltdown’ and what can be done about this latest IT scare. Bank of America Merrill Lynch downgraded …

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Facebook follows YouTube to remove four Alex Jones videos

Oli Scarff | Getty Images Alex Jones (C), an American radio host of InfoWars, author and conspiracy theorist. Facebook removed four videos from the controversial conspiracy theorist Alex Jones and slapped him with a 30-day ban after deeming that he violated its policies on bullying and hate speech. The social …

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Disneyland Resort agrees deal to raise minimum wage for California staff

Digital First Media Group/Orange County Register via Getty Images | Digital First Media | Getty Images Disneyland Resort employees cast their ballots during voting on a new union contract at the Main Street Opera House in Disneyland in Anaheim, CA Walt Disney Co’s Disneyland Resort announced it has agreed to …

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Emmanuel Macron popularity collapses after French watergate

Chesnot | Getty Images French President Emmanuel Macron leaves his house with his deputy chief of staff Alexandre Benalla (L) on the eve of the second round of the French parliamentary elections on June 17, 2017, in Le Touquet-Paris-Plage, France. A scandal involving the security guard of Emmanuel Macron has …

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United Natural Foods to buy Supervalu for $2.9 billion 

Ariana Linquist | Bloomberg | Getty Images The Supervalu Inc. logo is displayed at a distribution center in Hopkins, Minnesota. Amazon’s acquisition of Whole Foods has spurred its first big deal among the grocery distributors. With United Natural Foods’ $2.9 billion acquisition of Supervalu, announced Thursday, UNFI lessens its reliance …

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Tammy Baldwin, Debbie Stabenow, Tina Smith have big Senate election leads

Tom Williams | CQ-Roll Call Group | Getty Images Senate Agriculture Committee ranking member Sen. Debbie Stabenow, D-Mich., prepares for a CQ podcast with Chairman Pat Roberts, R-Kan., in Hart Building on July 12, 2018. Michigan: Sen. Debbie Stabenow tries to hold her seat in another state the president won …

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AWS earnings Q2 2018

Patrick T. Fallon | Bloomberg | Getty Images Andy Jassy, CEO of Amazon Web Services. Amazon on Thursday said that its cloud business grew nearly 48.9 percent in the second quarter, coming in above analysts’ expectations. The growth keeps Amazon’s cloud solidly ahead of its closest rivals, Microsoft and Google, …

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Hedge funds lose nearly $6 billion as Facebook shares crater

Facebook was the most-loved holding of hedge funds before the stock’s epic plunge on Thursday, resulting in a massive multi-billion dollar loss for the so-called smart money on Wall Street. Of 848 hedge funds tracked by Goldman Sachs, 97 had Facebook as a top 10 holding, according to the firm’s …

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