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Softbank's founder lost more than $130 million on bitcoin. "With a net worth estimated by Bloomberg LP at $19 billion, Mr. Son will hardly notice, though it dents his reputation as a patient and prophetic investor." (link...

“We shall never know all the good that a simple smile can do.” - Mother Teresa

Oil Waivers The U.S. will not renew waivers it granted last year to certain buyers of Iranian crude, such as China and India. From May 1, any buyers of Iranian oil—some of whom were reportedly expecting waiver renewals—will face sanctions. Monday's announcement by the Trump administration sent...

Wells Fargo exec: Sale of asset management unit not in the cards Wells Fargo & Co. might be preparing to offload its institutional retirement and trust business in a $1.2 billion deal, but the move, and other efforts to streamline its business, aren't an indication that the firm is considering...

Pfizer’s Dimitry Nuyten Jumps to Aduro for Chief Medical Officer Job Aduro Biotech has appointed Dimitry Nuyten to serve as its chief medical officer. Nuyten comes to Berkeley, Calif.-based Aduro from Pfizer, where he was vice president and immuno-oncology clinical development leader. Prior to...

Giving Facebook a voice. Facebook's augmented reality and virtual reality unit is developing a digital voice assistant akin to Amazon's Alexa and Apple's Siri, CNBC reported. The digital assistant could let users of the company's Oculus Rift virtual reality headsets or Portal video conferencing...

Microsoft shuns facial-recognition contract. Microsoft president Brad Smith said the technology giant turned down a contract that would have let California law enforcement agencies incorporate the company's facial-recognition tech in officers' body cameras and vehicles, Reuters reported. The...

Gilead's big bet on A.I. Gilead Sciences will pay healthcare startup Insitro$15 million to help the pharmaceutical giant use A.I. to develop new liver disease drugs, reported medical news service Stat News. Insitro, whose CEO and deep-learning expert Daphne Koller helped create online education...

“Capital will flow where it is wanted and stay where it is well treated.” - Walter Wriston, CEO Citibank 1967-1984

Troop of chimpanzees....

Boeing 737 MAX joint governmental review will begin April 29: FAA The U.S. Federal Aviation Administration said that a joint governmental review of the Boeing 737 MAX will begin on April 29 and will include 9 other aviation regulators from around the world. The FAA formed an international team...

SEC fines Prosper Funding $3M for overstating net returns to investors The Securities and Exchange Commission on Friday said Silicon Valley-based Prosper Funding LLC will pay a $3 million penalty for miscalculating and materially overstating annualized net returns to retail and other investors...

Toyota, Denso, SoftBank invest $1B in Uber's AV unit Uber's autonomous vehicle unit has raised $1 billion from a consortium of investors including SoftBank Group Corp., giving the company a much-needed funding boost on the eve of its public stock offering. Uber said that the investment values...

California eyes crypto-payments for cannabis It’s been a rollercoaster ride for California dispensaries navigating numerous changes since legalization went into effect. One thing that hasn’t changed is the cash-only status of most cannabis shops that can’t accept electronic card payments...

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"A grateful heart is a magnet for miracles." - Anonymous

For his time it may have been impressive; now a lot speak at least 2 languages.

Boeing Plant Plagued by Shoddy Production The aircraft maker's factory in Charleston, South Carolina has long had a culture that valued speed over quality, accordingly to internal emails and whistleblower claims. An investigation suggests Boeing cut corners on safety as it scrambled to crank...

Oil Prices Jump on New Iran Sanctions The State Department is ending a waiver program that let eight countries, including China and India, continue to purchase oil from Iran despite sanctions while they sought other sources of supply. The move is part of a U.S. effort to tighten the economic...