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Facebook Payments Facebook is reportedly talking to dozens of financial and e-commerce companies, including Visa and MasterCard, about the cryptocurrency-based payment system it is developing. The scheme carries the codename Project Libra and involves a dollar-pegged virtual currency that could...

Sinclair and Disney Sinclair will reportedly shell out over $10 billion to buy Disney's regional sports networks, which were acquired as part of the 21st Century Fox deal. (At the time, Disney promised to sell the networks in order to get regulatory approval for the Fox asset takeover.) The...

Target wants to build a media business to rival Amazon Target Media Network is now Roundel, as the retailer guns to remodel its ad business after Amazon’s. The retailer announced the rebranding at its first NewFront presentation on Thursday. According to president Kristi Argyilan, the rebrand...

" Ostrovitjsnka" - female islander. My posture, is simple My home is penniless. Because I'm an islander From distant islands! I live - and need to no one! You entered - and I will not sleep at night. To warm someone else's dinner - I will burn my home down! You glance at me and become an...

Faces of the New York Economy; Big Earner, Big Spender, Little Burden By DAVID M. HALBFINGEROCT. 19, 1997 PHILIP G. POTTER, who develops investment products for high-net-worth clients of Morgan Stanley, Dean Witter, Discover & Company, likes to think of himself as an ''uberconsumer.'' Last...

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“At the end of the day, if I can say I had fun, it was a good day.” - Simone Biles

7-Eleven taps markets for new beer delivery service Why make a beer run, when the beer can run to you? Convenience store chain 7-Eleven is rolling out delivery of beer and cider products in select markets. (Sorry wine drinkers, you’re still gonna have to convince a friend to bring you another...

Public new-vehicle retailers boost F&I profit per vehicle Higher F&I product sales and partnerships with both vendors and lenders bolstered F&I profit per vehicle for the nation's largest public retailers, though a changing sales mix from new to used vehicles could put pressure on F&I profit...

Square reports first-quarter sales up 59%, but net loss widens to $38M After Square issued weak guidance in the fourth quarter of 2018, all eyes were on the payments company to see what kind of growth it really had in the first quarter of 2019. Results reported Wednesday underscored some of the...

Huawei Leak Remember when British media recently reported Theresa May's cabinet had decided to allow Huawei equipment into the country's 5G networks, despite the protestations of ministers such as Defense Secretary Gavin Williamson? May went ballistic after those cabinet deliberations were...

Qualcomm Cash Qualcomm's patent settlement with Apple apparently saw the latter pay the former somewhere between $4.5 billion and $4.7 billion, which comes on top of the future royalties that Apple will pay to use Qualcomm's chipsets. This isn't much of a problem for Apple, which has a cash...

Brigantine* Tired of talking and arguing And love tired eyes ... In the far blue sea of Filibusters The brigantine raises the sails ... Captain, weathered like rocks, Went out to sea, without waiting for us. Raise your glasses just to wave goodbye to him With a gold and tart wine. We drink for...

The Ruthless, Secretive, and Sometimes Seedy World of Hedge Fund Private Investigators Illustrations by Richard A. Chance “We’re not trying to find the chairman [with] hookers. . . . This is not a revenge business. I’m trying to figure out what’s going on.” By Michelle Celarier May 01, 2019...

“The beginning is always today.” - Mary Shelley

Ex-CIA officer admits to espionage conspiracy with China By Associated Press May 2, 2019 | 1:13am Enlarge Image Jerry Chun Shing LeeAP MORE ON: CHINA Chinese fossil sheds light on mysterious Neanderthal kin Apple shares flirt with $1 trillion valuation on China sales uptick 'Brutal'...

“Lose money for the firm, and I will be understanding. Lose a shred of reputation for the firm, and I will be ruthless.” - Warren Buffett Sept. 4, 1991 congressional testimony about Salomon Inc,

Steve Cohen’s Hedge Fund Point72 Seeks Another $1 Billion (Bloomberg) His Point72 Asset Management, which attracted $5 billion in outside money last year in a comeback for the hedge fund investor, is seeking to raise an additional $1 billion by September, according to people familiar with the...

Theresa May sacks Gavin Williamson over Huawei leak Defence secretary was confronted with ‘compelling evidence’ of culpability new Sam Coates, Deputy Political Editor May 1 2019, 6:30pm, The Times Jeremy Hunt Politics Conservative Party Theresa May UK politics Gavin Williamson denied...

Biometric Database The EU is about to create one of the world's largest biometric databases by consolidating biometric data that covers asylum seekers, foreign visitors, criminals and missing people. That means visitors from the U.S. will need to submit to a biometrics check before leaving...