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GoPro turns its first profit since 2017, thanks to the Hero 7 A very strong holiday season for GoPro’s newest Hero 7 lineup of cameras has helped the camera maker turn its first quarterly profit since the third quarter of 2017, the company announced on Wednesday. GoPro pulled in $377 million in...

Union membership was stagnant in 2018 Looking at news reports about major union organizing efforts over the past year, it might seem unions are operating from a position of strength. The truth is that the percentage of private sector union-represented workers dropped from 6.5% in 2017 to 6.4%...

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Social Media CEO Zozo CEO Yusaku Maezawa—the Japanese billionaire who will be SpaceX's first space tourist, and who holds the world record for most-retweeted tweet—is taking a break from Twitter. He said he was doing so he could focus on his actual job. Investors applauded by boosting Zozo's...

Huawei Security Huawei has told U.K. lawmakers that it will take three to five years for it to address concerns over the security of its telecommunications equipment. British authorities are worried about the risks, but have apparently not found any evidence of espionage conducted through the...

Gucci Top Gucci put out an $890 balaclava top that is black, has cartoonishly thick, red lips around the mouth cut-out and… well, it looks like blackface. And yesterday people noticed. Gucci quickly apologized: "We are fully committed to increasing diversity throughout our organization and...

Italian Growth The European Commission has slashed its growth forecasts for Italy—just 0.2% for 2019, rather than 1.2%, and 0.8% for 2020, rather than 1.3%. Why? The populist government there. Commission: "While the initial slowdown was largely due to less dynamic world trade, the recent...

Disney Bet Disney will not allow the streaming of its upcoming Captain Marvel on Netflix, instead keeping it behind the fortifications of the upcoming Disney+ streaming service. Disney reckons its decision to treat its new films in this way will cut its operating income by around $150 million...

Investors question Anadarko on political risk to Colorado drilling Executives from Anadarko Petroleum on Wednesday fielded a persistent line of questioning from institutional investors and analysts about the company's oil and gas assets in Colorado's DJ Basin, where community activists continue...

During the credit crisis small caps fared worse, largely due to access to capital...

https://nypost.com/2019/02/05/donald-trumps-childhood-home-listed-for-2-9-million/

Dan Loeb Cuts DowDuPont Target as ‘Value Gap’ Lingers Into Split(Bloomberg) Activist investor Dan Loeb is trimming his expectations for DowDuPont Inc. just as the chemical giant prepares to break itself into three companies. Last May, Loeb’sThird Pointhedge fund said in a letter to investors...

Baupost’s Seth Klarman Hires Investment Chief to Manage Foundation’s Assets(The Wall Street Journal) Billionaire investorSeth Klarmanwill no longer manage his family foundation’s money day-to-day, a move that is expected to give him more time to manage his $27 billion hedge-fund firm. Mr...

AQR Quants Gaze Into Crystal Ball, See ‘Soberingly Low’ Returns(Bloomberg) If the wizards atAQR Capital Management LLCare right, on the current trajectory the next few years will be a struggle for investors seeking the kind of returns they enjoyed in the “rosier past.” The $196 billion...

https://www.sfgate.com/cnet/article/Elon-Musk-Tesla-still-orbiting-one-year-after-13594711.php

Angela Ahrendts Angela Ahrendts is leaving Apple after five years as retail chief, and will be replaced by HR head Dieirdre O'Brien, who will now be in charge of "retail and people." Ahrendts, who was Burberry's CEO for a dozen years, is leaving in April "for new personal and professional...

Judge limits damages Qualcomm can seek from Apple A judge has granted Apple's request to limit potential damages in a Qualcomm patent lawsuit to the period after the suit was filed in 2017. The chip maker can't demand cash for years upon years of infringements if the case is successful. The...

1,000 lawsuits demand PG&E pay for damages from wildfires Some 1,000 lawsuits have been filed since late 2017 demanding Pacific Gas & Electric Corporation pay for damages caused by wildfires. The lawsuits represent thousands of people, companies, cities and counties affected by fires...