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Monthly Archives: August 2017

High profile failures Snap and Blue Apron masking a great year for IPOs

I got a call Thursday morning from Kathleen Smith, who runs Renaissance Capital, an investment firm that specializes in investing in IPOs and also runs the Renaissance Capital IPO ETF (ticker: IPO), a basket of the largest 60 or so most recent offerings. She had just finished reading the S-1 …

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Contemporary Art Steams Up the Hudson

On a landing are several etchings, one of a handsome turkey and the others of crystals. Cole, like Ms. Smith, was a rock collector, and his collection is on view in an adjacent room. In Cole’s bedroom is a digital print, from an iPhone photo of Ms. Smith hanging her …

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Twitter shares fall after Jefferies downgrades, calling Facebook ‘clear winner’ in social

“TWTR’s push to be a digital live video provider is interesting, but we note that bigger competitors such as FB & GOOGL have much stronger digital video propositions for advertisers with much larger and more engaged user bases, deeper granular data for targeting, and proven return on advertiser investment,” Thill …

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Hurricane Harvey could hurt oil refining long after it hits the Houston area

F. Carter Smith | Bloomberg | Getty Images An oil refinery in Texas City, Texas. Hurricane Harvey is expected to hit the Texas Gulf Coast by Friday, with nearly one-third of U.S. refining capacity possibly in Harvey’s path on the Texas and western Louisiana coastlines. Winds of up to 75 …

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A Mexican-Style ‘Much Ado About Nothing’

The play’s star and reason for being remains the expatriate American actress Sandra Dickinson, who amends her own signature vocal squeal to cut a throatily engaging figure as the backgammon-loving Ball. Alas, Mr. Tannen’s play, and his earlier memoir of the same name, finds Lucy sharing the stage with a …

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Average lifespan of company under 20 years

The disruptive force of technology is killing off older companies earlier and at a much faster rate than decades ago, squeezing employees, investors and other stakeholders, according to a new report. “The average age of a company listed on the S&P 500 has fallen from almost 60 years old in …

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Amazon can cut prices at Whole Foods and still make more profit

Daniel Acker | Bloomberg | Getty Images Shoppers exit a Whole Foods Market location in Naperville, Ill. Imagine being a tech company with so little profit that you could buy a grocery store and cut prices all while improving your margin. Yes, that’s Amazon. In announcing the upcoming close of …

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The City So Nice They Can’t Stop Making Movies About It

Type “New York movies” into a search engine and you will open up a cinematheque as vast and varied as the city itself, containing multitudes: crime stories; romantic comedies; tales of immigrant striving and racial conflict; of cruel poverty and impossible wealth; swooning musicals; acid-etched satires; dystopian fantasies. Photo Madonna …

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SoftBank invests $4.4 billion into WeWork

Michael Nagle | Bloomberg | Getty Images Adam Neumann, co-founder and chief executive officer of WeWork. Commercial office space start-up WeWork announced it has $4.4 billion from SoftBank and its related Softbank Vision Fund, which includes other investors. The deal includes $1.4 billion earmarked to help WeWork expand throughout China, …

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FEMA Sending Supplies to South Texas Ahead of Harvey: NBC Dallas-Fort Worth

NOAA via Reuters Tropical Storm Harvey is seen approaching the Texas Gulf Coast, in this NOAA GOES East satellite image taken at 10:07 ET, August 24, 2017. The Federal Emergency Management Agency is sending thousands of meals, tarps and liters of water to Randolph Air Force Base near San Antonio …

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