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Disney takes the wraps off Disney+ The Walt Disney Co. on Thursday gave the investor community its first look at direct-to-consumer streaming service Disney+, and it seems the Mickey Mouse gloves are coming off in the fight against streaming leader Netflix. The DTC product will go live in the...

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“Flying is learning how to throw yourself at the ground and miss.” - Douglas Adams

“Feeling discouraged? Life got you down? It took Susan Lucci 19 nominations before she won a Daytime Emmy, and she’s an icon. Keep at it.” - Katie Honan

Julian Robertson Jr.’s Best Bet Ever? The student has become the teacher as one-time Robertson protégé Chase Coleman cements his status as an elite hedge fund manager — and a Rich List regular. Stephen Taub April 10, 2019 Chase Coleman (Illustration by II; Amanda L. Gordon/Bloomberg)...

Hedge funds gained an average of +0.87 per cent in March, the third consecutive month of positive returns, following a five-month string of aggregate declines, according to the March eVestment hedge fund performance data. The Q1 2019 year to date (YTD) average gains of +5.40 per cent is the...

More than 100 dismissed in Airbus compliance crackdown: sources Airbus dismissed more than 100 people and issued more than 300 warnings for ethics or compliance reasons in 2018, two sources said, as it conducts a wide-ranging internal crackdown and deals with outside fraud probes. Airbus is...

Principal to acquire Wells Fargo's record-keeping business Principal Financial Group will acquire the institutional retirement and trust business of Wells Fargo & Co. for $1.2 billion. Principal will add 3.9 million retirement plan participants from Wells Fargo after the deal closes in the...

Microsoft and China Microsoft has been conducting A.I. research in conjunction with a university run by the Chinese military, and critics say the work is being used to build surveillance systems and repress people in the western Xinjiang region. Financial Times

IMF Warning The IMF's new chief economist, Gita Gopinath, does not foresee a global recession, but she does warn of "many downside risks." The fund reckons global growth will be 3.3% this year—a 0.2 percentage point downgrade from earlier forecasts—and 3.6% next year. Particular weaknesses are...

Boeing Orders Boeing took zero 737 orders last month—the first time this has happened in nearly seven years. Deliveries also fell, though that's because Boeing suspended them after the Ethiopian Airlines crash. The manufacturer recently said it was cutting 737 production to 42 a month, from 52...

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“Confidence is contagious. It’s energy that attracts the very best to you and makes anything possible.” - Abigail Doolittle

Hedge fund slammed over $6.8B in unpaid taxes seeks deal with IRS: report By Carleton English April 10, 2019 | 8:18pm Enlarge Image James Simons, founder of Renaissance Technologies AFP/Getty Images In a move that could severely ding investors, secretive hedge fund Renaissance Technologies...

“There are two ways of spreading light: to be the candle or the mirror that reflects it.” - Edith Wharton

Wells Fargo Offloads Institutional Retirement And Trust Business The firm has sold the business to Principal Financial Group for $1.2 billion. Alicia McElhaney April 09, 2019 Christopher Dilts/Bloomberg Wells Fargo is offloading its institutional retirement and trust business by selling...

5G Patents Charles Duan, the director of technology and innovation policy at the R Street Institute, writes for Fortune that the Peter Thiel-backed open-access 5G company Rivada stands to be the biggest beneficiary from the White House's push for open-access 5G. That's because of the patents it...