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Monthly Archives: March 2019

Facebook has worst day of year on downgrade, investigations and exits

Andrew Harrer | Bloomberg | Getty Images Sheryl Sandberg, chief operating officer of Facebook Inc., left, listens during a Senate Intelligence Committee hearing in Washington, D.C., U.S., on Wednesday, Sept. 5, 2018. Facebook shares had their worst day of the year on Monday, falling nearly 4 percent and extending last …

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Warner Bros. CEO Kevin Tsujihara ousted after sexual misconduct allegations

David Paul Morris | Bloomberg | Getty Images Kevin Tsujihara, chairman and chief executive officer of Warner Bros Entertainment Inc. WarnerMedia said Warner Bros. Chairman and CEO Kevin Tsujihara has been ousted after an investigation into sexual misconduct allegations, saying this move was in the “best interest” of the company. …

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Fed may let inflation run a little hotter than usual, Goldman says

Saul Loeb | AFP | Getty Images Federal Reserve Board Chairman Jerome Powell arrives to speak at a press conference after the Fed announced interest rates would remain unchanged, in Washington, DC, January 30, 2019. Goldman Sachs says the Federal Reserve is likely to let inflation run higher than its …

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OneWeb adds $1.25 billion from SoftBank and others for satellites

The Washington Post | The Washington Post | Getty Images Greg Wyler, the founder of OneWeb, shows a model of the company’s satellites inside a rocket fairing. OneWeb announced $1.25 billion in additional funding from investors on Monday as the internet satellite start-up begins to rapidly increase production, aiming to …

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3M to restructure business into four units

Koen van Weel | AFP | Getty Images Exterior of the Dutch head office of international technology company 3M in Delft, Netherlands. 3M said on Monday it would restructure its business into four operating units from five, as it looks to sharpen its focus on customers and boost growth. The …

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Activists call on NAACP to drop Jussie Smollett’s Image Award nom

Tasos Katopodis | Getty Images Jussie Smollett attends the Thurgood Marshall College Fund gala on Oct. 23, 2017 in Washington, DC. A black conservative group is calling on the National Association for the Advancement of Colored People to drop Jussie Smollett from the list of nominees for an Image Award …

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Credit Suisse raises S&P 500 forecast, sees 20% gain for 2019

Underneath the stock market’s epic rebound has been a “more favorable” trend that Credit Suisse says will drive the market higher. The bank dialed up its year-end forecast for the S&P 500 to $3,025 from $2,925 previously. The new forecast calls for a gain of more than 20 percent for …

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Goldman says boost from tax cut ‘behind us’ so buy these companies that can grow on their own

Getty Images Flanked by Speaker of the House Paul Ryan and House Ways and Means Committee chairman Rep. Kevin Brady (R-TX), President Donald Trump speaks about tax reform legislation in the Cabinet Room at the White House, November 2, 2017 in Washington, DC. Stock profits will be harder to come …

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Beto O’Rourke raises $6.1 million on first day, topping Sanders and all other rivals

Chip Somodevilla | Getty Images Democratic presidential candidate Beto O’Rourke shakes hands as he arrives at a packed St. Patrick’s Day party at the home of County Recorder John Murphy March 16, 2019 in Dubuque, Iowa. WASHINGTON — Beto O’Rourke raised $6.1 million in his first 24 hours as a …

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Facebook downgraded as analyst says its executive exodus is contagious

Marlene Awaad | Bloomberg | Getty Images Mark Zuckerberg, chief executive officer and founder of Facebook Inc., listens during the Viva Technology conference in Paris, France, on Thursday, May 24, 2018. Facebook dropped Monday after a Wall Street brokerage downgraded the stock to a hold rating and warned clients that …

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