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The Monsanto name will cease to exist but the company will continue to produce hazardous pesticides and genetically modified seeds -- and environmentalists will continue to protest.
Bayer to retire Monsanto name after $63 million buyout deal closes
http://www.msn.com/en-us/money/compa...D=ansmsnnews11
I'm not sure overcharging for a cup of coffee qualifies someone to run for President -- but, unfortunately, qualifications no longer seem to matter.
Starbucks CEO Howard Schultz is stepping down amid rumors of a Presidential run
http://www.businessinsider.com/starb...-rumors-2018-6
The workers Я not happy. They're demanding $15,000 severance pay for each Toys Я Us employee.
Toys Я Us workers take pay demands to Wall Street
CBS News, Jun 4 2018 2:07 PM
Should deep-pocketed investors and corporate executives profit as a company goes bankrupt? That's what workers laid off by Toys Я Us are asking as they demand compensation following the retailer's demise earlier this year. Toys Я Us gave out millions in executive bonuses a week before filing bankruptcy but isn't paying severance to the roughly 30,000 employers who are losing their jobs as the company shuts down.
In a campaign supported by the advocacy groups Center For Popular Democracy and the Organization United For Respect, dozens of Toys Я Us workers today took their demands for severance payments to the New York offices of the private-equity firms they claim are responsible for the chain's undoing. Current and former Toys Я Us employees are also readying a claim to file in bankruptcy court this week asking that they receive fair compensation.
https://www.cbsnews.com/news/toys-r-...o-wall-street/
GitHub has more than 28,000,000 users. Wouldn't you think one of them could come up with a better name than "GitHub"?
Microsoft buys open-source coding platform GitHub for $7.5 billion in stock
http://www.money.cnn.com/2018/06/04/...eal/index.html
This story made me think of Ted, the titular teddy bear who came to life in a 2012 Mark Wahlberg film -- except these scary teddy bears are real:
Amazon will stop selling connected toy filled with security issues
CNET, Jun 5 2018 1:57 PM
That soft teddy bear seems harmless -- until hackers can use it to spy on your kids. Amazon today pulled CloudPets, a smart toy that researchers said was riddled with security flaws, from its online store. The decision comes a day after Mozilla contacted Amazon with research showing new vulnerabilities on CloudPets. Last week, Walmart and Target stopped selling the toy. This isn't the first time Amazon has stopped selling products over privacy concerns. Last July, the online retailer giant suspended Blu phones, its top selling phone at the time, because researchers found spyware on the popular devices.
CloudPets, made by Spiral Toys, is a talking toy that's connected online and uses voice recordings and an online app through Bluetooth. In 2017, hackers were able to access CloudPets' database, containing email addresses, passwords and voice recordings from children. The breach affected more than 800,000 people. Mozilla and cybersecurity research firm Cure53 yesterday reported that CloudPets' Bluetooth vulnerabilities first demonstrated more than a year ago are still open.
https://www.cbsnews.com/news/amazon-...curity-issues/
In 1850, Henry Wells, William Fargo and John Warren Butterfield founded American Express in Buffalo, New York. In 1852, Wells and Fargo left the company and founded Wells Fargo Bank in San Francisco. In 1995, Wells Fargo considered -- but ultimately rejected -- a merger with American Express.
Wells Fargo sells all its branches in Indiana, Michigan and Ohio
Bloomberg, Jun 5 2018 1:25 PM
Wells Fargo’s sale of 52 branches to Flagstar Bancorp marks a retail-banking exit from Indiana, Michigan and Ohio. The deal is part of Wells Fargo’s effort to reduce its branch count to about 5,000 from roughly 5,800 by the end of 2020. The deal, which also includes four branches in Wisconsin, features $2.3 billion in deposits and $130 million in loans.
http://www.latimes.com/business/la-f...605-story.html
On June 4 -- Go look! -- I posted the news that the Monsanto name is being discontinued following Bayer's buyout of the company. And now.......
Twitter to replace Monsanto on the S&P 500
http://www.investorplace.com/2018/06...o-join-sp-500/
Dozens of countries are jumping on the banwagon. No, not that is not supposed to say "bandwagon." Many countries are banning plastic bags, plastic cups, plastic plates, plastic straws and plastic stirrers. I guess all the so-called "paperless socities" are going to have to start using paper bags, paper cups, paper plates, paper straws and paper stirrers.
India vows to ban all single-use plastics by 2022
https://www.cbsnews.com/news/india-v...n-environment/
A walkout has been authorized but is not necessarily imminent. UPS wants to convert part-time employees to full-time and have them deliver parcels on Sundays.......but with no increase in pay. The current contract expires July 31. If we don't see those ugly brown trucks on the road in August, we'll know the reason.
UPS strike? 260,000 union workers authorize walkout.
https://investorplace.com/2018/06/ups-strike-may-occur/
This is good news for kids whose lemonade stands get shut down because they don't have a city permit -- and it's also good publicity for Country Time. I ran a lemonade stand for several summers when I was a kid, back when the idea of needing a fershlugginer "permit" was unheard of.
Country Time Lemonade to pay kids' fines and obtain permits if lemonade stands get shut down
http://www.kstp.com/business/country...down-/4940917/
A fiber-optic camera system will show the outside view on digital screens that look like windows. I don't think the idea of windowless airplanes is going to fly -- and I mean that figuratively and literally.
Dubai-based airline Emirates designs windowless plane
http://www.cnn.com/travel/article/em...nes/index.html
Layoffs of McDonald's executives instead of the workers who actually prepare the food -- What a novelty!
McDonald's plans corporate layoffs at regional offices as part of $500 million in cuts
http://www.chicagotribune.com/busine...607-story.html
The Summit supercomputer is capable of doing 200,000,000,000,000,000 mathematical calcuations per second. Yeah, very impressive, but can it balance a checkbook or program a DVR?
IBM debuts world's fastest supercomputer
https://finance.yahoo.com/news/ibm-d...200103903.html
"You vill svitch to our new version of Gmail und you vill like it! That iss an order!"
Google will force you to switch to the new Gmail by October whether you want to or not
http://www.businessinsider.com/googl...imeline-2018-6
Incuding debt, this deal values Envision at $9.9 billion. Envision's website says they speciaize in "consumer driven healthcare plans." I predict those "consumers" are soon going to see huge price increases.
Private equity firm KKR to buy Envision Healthcare for $5.5 billion plus debt
https://www.msn.com/en-us/money/comp...D=ansmsnnews11
Uber may never get this patent and Uber may never use this technology. I hope they don't. Sober people could easily be misidentified as drunk. And hey, Uber, even if a rider is drunk, his money is just as good as a sober rider's money.
Uber wants a patent on technology to help tell drunk riders from sober ones
http://www.latimes.com/business/tech...612-story.html
I have just one question: How soon can we expect our telephone rates and our cable rates to go up?
AT&T wins: Judge clears $85 billion bid for Time Warner
US District Court Judge Richard Leon did not impose conditions on the merger's approval. He also urged the government not to seek a stay.
https://www.cnbc.com/2018/06/12/att-...er-ruling.html
"Tesla" must stand for "Terminating Employment of Scores of Longtime Associates."
Tesla layoffs: Elon Musk says job cuts required to fuel profits
CBS News, Jun 12 2018 4:01 PM EDT
Electric car maker Tesla is laying off about 3,600 white-collar workers as it slashes costs in an effort to become profitable. CEO Elon Musk said in an e-mail to workers today that the cuts amount to about 9% of the company's workforce of 40,000. While saying Tesla is more focused on producing environmentally friendly cars than making money, Musk added that "we will never achieve that mission unless we eventually demonstrate that we can be sustainably profitable."
https://www.cbsnews.com/news/tesla-l...-fuel-profits/
In 2004, a man was shot in the back in Melbourne. A Google search for "Melbourne criminal underworld photos" brings up pictures of criminals.......and pictures of him. He doesn't want anyone thinking he's a hardened criminal so he's suing Google for defamation. I wouldn't think he has any chance of winning -- but in today's crazy world, anything is possible.
Australian to sue Google for defamation over search results
https://www.cbsnews.com/news/austral...urne-criminal/
Just wait until 2022 when the AOL/AT&T-DIRECTV-DC-Columbia-Universal-Citadel-Time Warner Corporation makes a one-trillion-dollar offer to merge with MGM-RCA-Dish-Marvel-Disney-Pixar-Fox-Univision-iHeart-United Artists.
Comcast bids $65 billion for Fox assets, challenging Disney's offer
CBS News, Jun 13 2018 1:35 PM
Comcast today offered $65 billion for much of 21st Century Fox, a 19% premium over the December offer from the Walt Disney Company which Fox Chairman Rupert Murdoch had already accepted. To further sweeten the all-cash deal, Comcast said it would pay a $2.5-billion breakup fee should Comcast fail to win regulatory approval for the deal.
Murdoch and his board must decide whether Comcast’s bid would have a shot at prevailing and whether the offer is indeed better than Disney’s. Should that happen, Disney would then have a five-day window to match or beat Comcast’s offer. If Fox ultimately bypassed Disney in favor of selling the assets to Comcast, then Fox would owe Disney a $1.5-million breakup fee to walk away from the earlier deal.
http://www.latimes.com/business/holl...613-story.html