Staff | AFP | Getty Images The Pentagon building in Washington, D.C. WASHINGTON — At least two items at the Pentagon’s mail facility were suspected of containing ricin, a poison made from castor beans, a defense official said. The mail was addressed to Secretary of Defense James Mattis and U.S. …
Read More »Monthly Archives: October 2018
Tencent Music to IPO with profits, Spotify backing
Qilai Shen | Bloomberg | Getty Images A pedestrian walks past Tencent Holdings Ltd.’s new under construction headquarters in Shenzhen, China; Tencent’s music division is set to go public with actual profits on the board and industry competitor Spotify as a backer, according to a newly filed prospectus. The music …
Read More »Trump’s dairy fight with Canada gets only $70 million more than TPP
Christinne Muschi | Bloomberg | Getty Images A cow stands at the Lookout dairy farm in North Hatley, Quebec, Canada on Wednesday, Sept. 5, 2018. President Donald Trump’s declared victory for U.S. dairy farmers may not be as large as it seems. On Sunday, the U.S. and Canada reached a …
Read More »FDA seizes documents in surprise inspection of e-cigarette maker Juul
Gabby Jones | Bloomberg | Getty Images A person smokes a Juul Labs e-cigarette in this arranged photograph taken in the Brooklyn, New York. The Food and Drug Administration seized “thousands of pages of documents” in a surprise inspection of e-cigarette maker Juul’s San Francisco headquarters last week, the agency …
Read More »Blue Apron is now selling its meal kits on Grubhub and it ‘seems odd’
Scott Eisen | Getty Images Items from a ‘family-plan’ Blue Apron box are displayed on a kitchen counter on June 28, 2017 in Boston, Massachusetts. The online meal-kit delivery company is going public and has lowered their upcoming IPO price range from $15 to $17 a share to $10 to …
Read More »Buy stocks like Adobe and VMware to ride out a trade war with China
David Paul Morris | Bloomberg | Getty Images People enter the Adobe Systems Inc. office in San Francisco, California. Goldman Sachs says there is still an investment strategy that can outperform even if the trade war with China gets worse. The firm recommended companies with strong and sustainable profit margins. …
Read More »Facebook’s muddy account breach response could be the new norm
ReutersTV | Reuters Facebook’s CEO Mark Zuckerberg answers questions about the improper use of millions of users’ data by a political consultancy, at the European Parliament in Brussels, Belgium, in this still image taken from Reuters TV May 22, 2018 Frustrated posts from Facebook users point to confusion over the …
Read More »GE shares fall after Moody’s puts credit rating under review for possible downgrade
Luke Sharrett | Bloomberg | Getty Images A worker cleans a part of a gas turbine on the assembly line at the General Electric energy plant in Greenville, South Carolina. General Electric’s credit rating is under review for a possible downgrade at Moody’s, the ratings agency said Tuesday. Specifically, the …
Read More »My biggest mistake was not investing in Amazon
Buy-and-hold investor Ron Baron told CNBC on Tuesday his biggest mistake was not investing in Jeff Bezos’ Amazon. “I didn’t invest in him. How could I miss it?” said Baron, the billionaire founder of Baron Capital, which has $28.3 billion in assets under management. In an interview on “Squawk Box,” …
Read More »BMW says the German government fix doesn’t make sense
Thomas Lohnes | Getty Images News | Getty Images Harald Krueger, CEO of German carmaker BMW shows the German Chancellor Angela Merkel an ‘i Vision Dynamic’ all-electric concept car at the 2017 Frankfurt Auto Show. Auto giant BMW has said a proposal by the German government to make car companies …
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