As the ads declare, "StarKist doesn't want tunas with good taste. StarKist wants tunas that taste good." Yes, and also tunas that they can overcharge for.
StarKist admits to fixing tuna prices, faces a $100 million fine
http://www.latimes.com/business/la-f...019-story.html
Could we say the company's net profits are inadequate? (Ouch.) This bond offering will bring Netflix's debt total to $13,800,000,000. In October 2017, Netflix raised the monthly cost of a standard subscription to $10.99, up from $9.99, and raised the monthly cost of a premium subscription to $13.99, up from $11.99. The basic plan, which allows viewing on a single device, remained at $7.99. Who wants to bet another increase is imminent?
Netflix borrowing another $2 billion as content costs rise
https://www.cbsnews.com/news/netflix...nt-costs-rise/
"Digital burglaries." Well, there is a term I haven't heard before. But why should Yahoo have to pay $50 million? The hackers who stole users' personal information are the ones who should pay. Isn't fining Yahoo like fining a homeowner whose house got burglarized? Yeah, see?
Yahoo to pay $50 million to victims of massive security breach
The Associated Press, Oct 23 2018 12:30 PM
Yahoo has agreed to pay $50 million in damages and provide two years of free credit-monitoring services to about 200 million people in the United States and Israel whose email addresses and other personal information were stolen as part of the biggest security breach in history. A settlement was filed late Monday in a two-year-old lawsuit seeking to hold Yahoo accountable for digital burglaries that occurred in 2013 and 2014 but weren't disclosed until 2016. Hackers, some of whom the FBI linked to Russia, hit about three billion Yahoo accounts. The settlement reached in a San Francisco court covers about one billion of those accounts held by an estimated 200 million people.
http://www.latimes.com/business/tech...023-story.html
Here is more proof that Trump's trade war and his tariffs on steel and aluminum imports are hurting American businesses and American consumers and not the Chinese:
Harley-Davidson's US sales skid in quarter that included spat with Trump
Increased price of steel coupled with EU tariffs prompted company to move some motorcycle production overseas.
https://www.cbsnews.com/news/harley-...ed-trump-spat/
Today in regular trading, Amazon shares rose $117.97 to $1,782.17, a gain of 7.1%. Then came the closing bell.......and the big sell.
Amazon's stock falls 8.8% after hours
Business Insider, Oct 25 2018
Amazon today reported third-quarter earnings that were more than $2 a share better than analysts had forecast but the company's revenue in the third quarter fell short of expectations. Amazon forecast that its holiday sales would similarly be less than analysts had predicted. More distressingly, the company's outlook implied that its fourth-quarter profit could be far lower than Wall Street was predicting. Shareholders seemed to focus on the negative. In after-hours trading, the company's shares were off $157.16, or 8.8%, to $1,625.01. The selloff wiped out the stock's strong gains earlier in the day in the regular session.
https://www.businessinsider.com/amaz...ue-eps-2018-10
Amazon is investing in Plant Prefab, a California company that can erect prefabricated houses in only a few weeks' time. Amazon wants their virtual assistant Alexa in every home, to control the lights, radios, televisions, alarm clocks, appliances and other devices. If Alexa can do all that, maybe the homes won't even need people to live in them.
Amazon wants Alexa in every home -- so it's getting into the home-building business
http://www.latimes.com/business/la-f...026-story.html
Fifty years ago when people told dreamers, "Get your head out of the clouds," they obviously never envisioned cloud computing.
IBM to acquire cloud computing firm Red Hat for $34 billion
https://www.cnn.com/2018/10/28/tech/...hat/index.html
Facebook is not based in the UK but millions of Facebook users live in the UK. Should Facebook pay taxes in the UK? Facebook will undoubtedly say no -- but Philip Hammond, Member of Parliament and Chancellor of the Exchequer, says yes.
UK wants to impose 'digital services tax' on Facebook and other large internet companies
https://www.cbsnews.com/news/uk-digi...net-companies/
We've all heard of "penny stocks".......but how about penny dividends?
General Electric slashes quarterly dividend to a penny a share
https://www.cnbc.com/2018/10/30/gene...s-q3-2018.html
The head of the Franchisee Association wants a seat on the Jack In The Box board of directors and is calling for an audit of the company's marketing fund and the ouster of the CEO. I think the chain should also get rid of that creepy, cocky, occasionally lewd "spokesman" with the round white head and a mouth that doesn't move.
Jack In The Box franchisees make new demands amid growing concern about the burger chain's future
http://www.latimes.com/business/la-f...030-story.html
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