Redstone to Leave Viacom Board -- WSJ
Shutterstock photo By Keach Hagey and Imani Moise Sumner Redstone will step down from the Viacom Inc. board of directors in February, the company said Friday, though he will retain his chairman emeritus title. Mr. Redstone, who is 93 years old and in poor health, controls Viacom and CBS Corp. through a roughly 80% voting stake in each. Earlier this year, he gave up his executive chairman role on the boards of both companies, taking the title of chairman emeritus but keeping his ..>> view originalSteven Mnuchin Worked At Goldman Sachs, But You Wouldn't Know It From His GOP Bio
The official GOP biography of Steven Mnuchin, which appeared on the Republican National Committee’s website earlier this week, has some interesting gaps. Mnuchin, President-elect Donald Trump’s nominee for secretary of the Treasury, spent 17 years working at Goldman Sachs ― where, like his father before him, he became a partner. He also worked for hedge fund manager George Soros, founded a hedge fund of his own and was the lead investor in IndyMac, a failed subprime lender that turned into a “fo..>> view originalJobless rate in New Mexico remains steady
‘‘Be slow to fall into friendship; but when thou art in, continue firm and constant,” Socrates said.>> view originalUS Home Construction Lags Behind Broad Economic Rebound
U.S. unemployment is hovering near the lowest level in a decade, jobless claims have reached a 43-year low and home prices have surged to records. But in this eighth year of economic expansion, the number of single-family homes under construction remains at recessionary levels. Housing starts dropped 18.7% in November to a seasonally adjusted annual rate of 1.090 million, the Commerce Department said Friday. Permits, an indication of...>> view originalChipotle Reaches Settlement With Ackman, Names Four New Directors
William Ackman and Chipotle Mexican Grill Inc. reached a settlement that gives the activist investor two seats on the burrito maker’s board, a truce that lets both sides focus on their other challenges. The pact gives Mr. Ackman’s partner, Ali Namvar, and longtime ally and former McDonald’s Corp. executive Matthew Paull seats on the board for at least two years, Chipotle said in a statement Friday. The company also named two other...>> view originalDon't be fooled: Mylan's 'bargain' price for its generic EpiPen conceals a massive price hike
Mylan, which showered itself in infamy by jacking up the price of its EpiPen, a potentially life-saving epinephrine injector, by 500% over less than a decade, announced Friday that it is finally bringing out a promised generic version of the device for $300 per two-pack. That compares with more than $600 for the branded package.Some news reports described this as “a more than 50% discount.” That’s incredibly misleading, which is exactly what Mylan hoped. In fact, the device will still cost thre..>> view originalChristmas tree farming as much hobby and business
LAFAYETTE, Ind. (AP) - Dan Cassens, owner of Cassens Trees in West Lafayette, said there aren’t many people starting Christmas tree farms these days.The endeavor requires substantial investments in terms of acreage, time and knowledge acquisition.“It takes seven to eight years to cultivate the tree, so you’re looking at a period of around ten years before you can put that tree on the market,” Cassens said.Because of this, it isn’t an endeavor you see younger farmers and entrepreneurs embarking o..>> view originalColorado is exploring how to keep its Obamacare marketplace after Obamacare repeal
Could the Obamacare marketplaces survive without Obamacare? Kevin Patterson, who runs Colorado's state marketplace, thinks so. Patterson is the chief executive of Connect for Health Colorado, and he knows that within a few weeks, Republicans will ...>> view originalIt took three years for Yahoo to tell us about its latest breach. Why does it take so long?
(Michael Nagle/Bloomberg News) The scale of a second Yahoo breach disclosed on Wednesday was staggering, exposing information associated with a billion accounts. But, perhaps even more staggering was that the theft happened three years ago — and had not been reported until now. That probably left a lot of consumers wondering: Why does it take so long to find out that I've been hacked? In Yahoo's case, the reason for the delay may be a fairly simple one. The company may not have known about t..>> view original
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