The bidding wars continue. The sooner these sales are completed, the sooner the Justice Department can challenge them. (Yes, I know I'm cynical -- and not without cause, either.)
Comcast raises bid for Sky to $34 billion, tops Fox's offer
Comcast and Disney are locked in a separate $70 billion-plus battle to buy most of Fox's assets, which would include Sky.
https://www.nbcnews.com/business/bus...-offer-n890751
Does anyone disbelieve the adage that "the rich get richer and the poor get poorer"? Here ya go:
Jeff Bezos becomes the richest person in modern history
Bloomberg, Jul 16 2018 11:50 AM
Jeff Bezos is the richest person in modern history. The Amazon founder's net worth topped $150 billion Monday morning, according to the Bloomberg Billionaires Index. That's about $55 billion more than Microsoft co-founder Bill Gates, the world's second-richest person. Bezos crossed the threshold just as Amazon prepared to kick off its 36-hour summer sales event, Prime Day. The company's share price was $1,825.73 at 11:10 AM, extending its 2018 gain to 56% and giving Bezos a $150.8-billion fortune.
http://www.latimes.com/business/la-f...716-story.html
Twitter has been aggressively removing fake accounts, malicious accounts, suspicious accounts and other accounts belonging to no-account trolls. (Say that five times fast.) There were many more millions of such accounts than we ever imagined.
Twitter suspended 58 million accounts in final three months of 2017
https://www.cbsnews.com/news/twitter...onths-of-2017/
Berkshire Hathaway class A shares rose $14,710 today to close at $303,210, a gain of 5.1%. I think I have enough money to buy.....ummm.....maybe 0.000003 shares.
Berkshire Hathaway stock soars on buyback policy change
https://www.cbsnews.com/news/berkshi...policy-change/
The company says it's destroyed $116,000,000 worth of merchandise in the past five years. Think of all the favorable publicity Burberry would have gotten if they had donated all those items to homeless shelters. I think it's time to launch a #BoycottBurberry movement.
Burberry has burned millions of dollars worth of unsold stock
The London-based luxury brand would rather incinerate leftover trench coats, shirts, bags, beauty products and accessories than sell them at a discount.
https://www.huffingtonpost.com/entry...b0b15aba8ca9a7
Amazon could soon be worth one trillion dollars!
Amazon poised to surpass Apple as most valuable public company
https://www.cbsnews.com/news/amazon-...ublic-company/
The old saying "There's no such thing as a free lunch" is not true. Many technology companies provide free lunches as a way to lure workers. However, two San Francisco Supervisors are trying to ban the free lunches, which supposedly are hurting local restaurants and businesses. I see this issue as government overreach and it could wind up in court.
San Francisco looks to ban free lunches at tech companies
https://www.cbsnews.com/news/san-fra...ech-companies/
This news is not surprising. In the year 2018, how many kids still play with Matchbox cars, Hot Wheels cars, Barbie dolls and American Girl dolls?
Mattel to cut more than 2,200 jobs
http://www.chicagotribune.com/busine...725-story.html
Trump's various tariffs and trade wars are hurting farmers, Alcoa, the auto industry, the motorcycle industry, the oil industry, solar panel companies, beverage companies.....and Trump is oblivious to the damage he's causing. Sad!
Coca-Cola to raise soda prices because of Trump administration's aluminum tariffs
https://ktla.com/2018/07/27/coke-is-...minum-tariffs/
Well, here is an unusual lawsuit. Just wait until Julie Fletcher finds out there are no roots in root beer and no clubs in club soda!
Canada Dry sued over lack of ginger in ginger ale
https://www.cbsnews.com/news/canada-...in-ginger-ale/
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