NEW YORK POST -BUSINESS

Updated: 49 sec ago

Canopy Growth agrees to buy Acreage Holdings in $3.4B deal


1 hour 50 min ago - [CET]
Canopy Growth has agreed to roll up one of the biggest US marijuana growers in a $3.4 billion deal. However, the companies said Thursday that Canopy’s acquisition of NY-based Acreage Holdings is contingent upon cannabis production and sales becoming legal at a federal level. Canopy hopes to navigate regulatory pitfalls with the influential people Acreage...
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NFL accuses AT&T of pulling channels from streaming without heads up


2 hours 9 min ago - [CET]
The NFL accused AT&T of unnecessary roughness Thursday, saying the telecom giant yanked two NFL channels from the its streaming services without so much as a heads-up. “We never heard a word from them until NFL Network and NFL RedZone were pulled from the AT&T U-Verse and DirecTV Now services,” the NFL told The Post....
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Musk and SEC request delay on deadline to resolve tweet dispute


2 hours 26 min ago - [CET]
Elon Musk and the Securities and Exchanges Commission are still struggling to put their “reasonableness pants on.” The two parties have requested an extension — of April 25 — on their court-ordered directive to work out their issues regarded Musk’s tweeting. In a Thursday letter to Manhattan federal judge Alison Nathan, over the SEC’s request...
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Wells Fargo accused of misleading homeowners in mortgage crisis aftermath


2 hours 29 min ago - [CET]
Wells Fargo is being accused of misleading homeowners who were seeking to lower their home payments in the aftermath of the mortgage crisis. A class-action lawsuit filed in White Plains federal bankruptcy court says the scandal-ridden bank mishandled loan modification trials it was required by law to entertain following the 2008 mortgage meltdown. According to...
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Netflix investing $100M to build 6 sound stages in NYC


Thu, 04/18/2019 - 22:40 - [CET]
ALBANY — Queens lost Amazon, but Brooklyn and Manhattan are cashing in on Netflix. The popular streaming service is investing $100 million by 2024 to build six new sound stages in Brooklyn and add 127 jobs to the 32 it already has in Manhattan, officials announced Thursday. Netflix’s new corporate offices will cover 100,000 square...
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Sears accuses Eddie Lampert of looting the company


Thu, 04/18/2019 - 20:13 - [CET]
Sears Holdings sued longtime Chairman Eddie Lampert, his hedge fund ESL Investments, and former directors including Treasury Secretary Steven Mnuchin, accusing them of allowing the retailer to be looted of billions of dollars before its October 2018 bankruptcy. The lawsuit, made public on Thursday, was filed by the restructuring team winding down what remains of...
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Mueller report has little effect on stock markets


Thu, 04/18/2019 - 19:49 - [CET]
The Mueller report has landed, and Wall Street is shrugging. The hotly anticipated, 448-page document released Thursday found that there were “numerous links” between Trump’s 2016 election team and Russia, but that they didn’t “conspire or coordinate” to influence the election. In response, the S&P 500 and Dow were up 0.2 percent and 0.4 percent,...
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How Wall Street manipulators cause summer gas prices to fall


Thu, 04/18/2019 - 04:15 - [CET]
Gasoline prices will decline as we head into summer. Just like last year. That’s according to the latest US government prediction. Historically, the price of gas rises during the summer driving months when more people hit the roads. But in recent years, the financial markets have jacked up fuel costs so much during spring that...
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Many Americans see DC’s political climate as our worst economic threat


Thu, 04/18/2019 - 04:13 - [CET]
According to a new survey by Bankrate.com, 44 percent of Americans say the political environment in Washington is the biggest threat to the economy over the next six months.
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Writers Guild of America suing agencies over packaging fees


Thu, 04/18/2019 - 04:08 - [CET]
The Hollywood writers-agents story could become a court drama. The Writers Guild of America, whose members include Seth MacFarlane, Patton Oswalt, Tony Kushner and Tina Fey, is claiming in a lawsuit that Tinseltown’s most powerful agencies have profited on the backs of the writers through the use of so-called packaging fees. The packaging fees collected...
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MoviePass accuses Brooklyn, Calif. theaters of overcharging customers


Thu, 04/18/2019 - 04:04 - [CET]
The spectacular losses that slammed MoviePass last summer were made even worse by theaters that used sneaky tactics to take advantage of its bottomless film buffet, sources told The Post. The cash-strapped subscription service — whose $10-a-month, all-you-can-watch deal drew a feeding frenzy that spurred a $127 million quarterly loss last summer — also might...
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JPMorgan’s next CEO could be a woman: source


Thu, 04/18/2019 - 00:12 - [CET]
JPMorgan Chase’s longtime chief financial officer, Marianne Lake, is stepping down from her C-suite position to become the CEO of the bank’s giant consumer bank — setting her up to be tapped to be as the next CEO. One JPMorgan exec said the move was structured to make Lake — and her CFO successor, who...
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Ben & Jerry’s issues limited recall of 2 flavors, including Chunky Monkey


Wed, 04/17/2019 - 23:40 - [CET]
Ben & Jerry’s has issued a limited recall of its iconic “Chunky Monkey” ice cream and Coconut Seven Layer Bar after finding nuts in the ingredients that weren’t declared on the packages or allergy information list. Its parent company, Unilever, announced the recall Wednesday through the US Food and Drug Administration. Tree nuts — including...
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Blackstone is doubling down on investments in other buyout firms


Wed, 04/17/2019 - 23:16 - [CET]
Blackstone Group isn’t satisfied with the steep fees it charges its clients. It also wants a cut of the steep fees that other buyout firms charge their clients. The private-equity giant headed by billionaire Stephen Schwarzman has nearly doubled the targeted size of a fund that has stakes in hedge funds, real estate companies and...
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Samsung’s $2,000 foldable phone is already breaking, reviewers say


Wed, 04/17/2019 - 22:56 - [CET]
Samsung’s new $2,000 folding smartphone is falling apart in the hands of reviewers. Numerous tech reviewers who received the $1,980 Galaxy Fold — known for its unique foldable screen as well as its hefty price tag — are now reporting that their devices are breaking. Reporters from outlets like Bloomberg, The Verge and CNBC all...
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Elf Beauty investor demands probe into ex-TPG exec charged in admissions scam


Wed, 04/17/2019 - 21:16 - [CET]
A hedge fund is demanding that cosmetics maker Elf Beauty investigate its ex-board member Bill McGlashan, the buyout mogul embroiled in the college-admissions scandal. New York-based Marathon Partners — which has an 8.5-percent stake in Elf, a marketer of “cruelty-free” makeup at discount stores like Walmart and Target — wrote to Elf’s board on Wednesday,...
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Bill Ackman credits marriage to Neri Oxman for fund’s comeback


Wed, 04/17/2019 - 04:02 - [CET]
The big secret to Bill Ackman’s comeback: marital bliss. Ackman’s Pershing Square hedge fund is up nearly 40 percent this year. Aside from lucrative investments in Chipotle and Starbucks, Ackman on Tuesday gave credit to his new wife, the MIT professor Neri Oxman. “It’s very helpful when you’re going through a difficult period to be...
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Citigroup might chill out on pot drug testing for new hires


Wed, 04/17/2019 - 03:44 - [CET]
Say no to drug testing. Citigroup, one of Wall Street’s biggest banks, is looking to relax its drug testing of new hires as New York City gets ready to pass a law that would make it illegal to screen applicants for pot, The Post has learned. The buttoned-up bank, led by Michael Corbat, tests all...
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DOJ to meet with Big3 over allegations of dirty tricks by Charter


Wed, 04/17/2019 - 03:38 - [CET]
The Department of Justice has called on representatives of Big3 Basketball — the pickup league co-founded by rapper Ice Cube — to a meeting over accusations of dirty tricks by cable giant Charter Communications, The Post has learned. The meeting, to be held with the DOJ’s antitrust team on Wednesday, is tied to Big3’s recent...
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Netflix brushes off streaming threats from Apple, Disney


Wed, 04/17/2019 - 03:16 - [CET]
Netflix brushed off threats of competition from Apple and Disney on Tuesday even as it predicted its global subscriber base will grow at a slower pace next quarter.
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Trump administration to let Americans sue Cuban companies


Tue, 04/16/2019 - 22:59 - [CET]
The Trump administration will let Americans file lawsuits in US courts against foreign companies in Cuba that use properties seized from Cuban Americans and other US citizens during the 1959 communist revolution. The move could expose American, European and Canadian companies to legal action, dealing a blow to Cuba’s efforts to attract more foreign investment....
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Martha Stewart brands sold for $215 million


Tue, 04/16/2019 - 22:22 - [CET]
The Martha Stewart brand has a new home, The Post has learned. The Domestic Diva’s empire of home furnishings and other branded products has been sold to Marquee Brands for $215 million, or $140 million less than what its current owner Sequential Brands Group paid for it in 2015. After several months of shopping the...
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Want to get out of taxes? Just make $79B


Tue, 04/16/2019 - 04:37 - [CET]
While millions of Americans had to cut Uncle Sam a check this year to pay their tax bill, 60 of the Fortune 500 companies paid zero taxes on their revenue, a new report finds. In 2018, 60 of America’s biggest corporations zeroed out their federal income taxes on $79 billion in US pretax income. Instead...
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Caesars to tap old Carl Icahn ally as CEO, union ready to fight


Tue, 04/16/2019 - 04:26 - [CET]
Caesars Entertainment’s plan to hire an old Carl Icahn ally as its new CEO sets up what could prove to be a union grudge match in Atlantic City. America’s largest gaming company plans to name Tony Rodio as its new chief as soon as Tuesday, sources said. Rodio is known in the casino world for...
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Nike’s faith in Tiger Woods finally pays off


Tue, 04/16/2019 - 03:17 - [CET]
Nike stuck with Tiger Woods for a long, ugly decade — and now it’s finally paying off. On Sunday, Woods won his fifth Masters green jacket and his first major championship since 2008. The TV ratings exploded, marking the highest-rated morning golf broadcast in 34 years — and Wood’s face landed on the cover of...
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Ocasio-Cortez refuses to meet with bank execs: report


Mon, 04/15/2019 - 23:42 - [CET]
New York Rep. Alexandria Ocasio-Cortez has rebuffed overtures to meet with officials from some of Gotham’s largest banks since taking office in January, a Fox Business report said Monday. The report, by columnist Charles Gasparino, chided Ocasio-Cortez for not meeting with the banking bigs, who run some of the Big Apple’s largest private sector employers....
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Italian bank will pay $1.3B fine for money laundering


Mon, 04/15/2019 - 20:53 - [CET]
Federal and state regulators slapped an Italian bank operating in New York with $1.3 billion in fines and penalties for laundering about $67.6 billion through the US financial system — in part by rigging its own computer systems to get around US sanctions laws. Unicredit, which is the largest bank in Italy and has an...
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Mainstream retailers are embracing CBD products


Mon, 04/15/2019 - 19:34 - [CET]
NEW YORK — Mainstream retailers are leaping into the world of products like skin creams and oils that tout such benefits as reducing anxiety and helping you sleep. The key ingredient? CBD, or cannabidiol, a compound derived from hemp and marijuana that doesn’t cause a high. Retailers are taking advantage of the booming industry even...
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Goldman Sachs slashes bonuses as profits tumble


Mon, 04/15/2019 - 17:26 - [CET]
The new Goldman Sachs still looks like the old one. Six months after David Solomon was named chief executive, Goldman Sachs said Monday its profits in the first quarter of the year were kneecapped by tepid trading — the same problem that had bedeviled former CEO Lloyd Blankfein. The Wall Street bank slashed its bonus...
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Disney may still proceed with RSN bids despite Big3 drama


Mon, 04/15/2019 - 04:54 - [CET]
Disney is still considering spinning out its RSNs to shareholders as it prepares to move forward and take final bids for the 21 sports networks on Monday, The Post has learned.
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Don’t let Facebook’s hazy customer service bring you down


Sun, 04/14/2019 - 04:59 - [CET]
Dear John: We are small business owners (through sweat and tears) and are being bullied by Facebook’s dictatorship! To quote “Star Wars,” Help me, John. You are my only hope. We run an education publishing company in Queens, mostly focused on materials for kids ages 3 to 6 years old. As of March, we went...
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Readers: My CO2 tax was nothing but hot air


Sun, 04/14/2019 - 04:56 - [CET]
Dear John: Your recently suggested tax on carbon dioxide — CO2 — is right up Alexandria Ocasio-Cortez’ alley. Just think of how collecting all that tax revenue might make Venezuela great again! Or, with a borderless world, how much potential tax revenue the Central American caravans will be carrying! But those breathers who work will...
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Here’s why identity theft peaks during tax season


Sun, 04/14/2019 - 04:49 - [CET]
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New York City’s rich are getting hit with record tax bills


Sun, 04/14/2019 - 04:48 - [CET]
Rich New Yorkers are getting hit hard with record tax bills — unquestionably among the nation’s steepest, according to tax preparers and planners. The tab is so high that analysts see the tax shock propelling the flight of wealthy New York residents to states with lower taxes, and a much cheaper cost of living. “Many...
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Entertainment tax credits show hypocrisy of New York budget


Sun, 04/14/2019 - 04:46 - [CET]
Tucked away neatly inside New York’s recently released $175 billion budget is a level of hypocrisy so rich that it could only be produced by the state’s political machine. I’m talking about the tidy sum of $840 million in tax credits for TV and film producers who make their scenes here in New York. This...
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Fisher-Price recalls sleeper after dozens of infant deaths over last decade


Sat, 04/13/2019 - 04:45 - [CET]
Fisher-Price is recalling some 5 million “Rock ‘n Play sleepers after more than 30 infant suffocation or strangulation deaths over the past decade have been linked to the product rolling over. The recall, announced Friday night, had been urged by child safety experts. “This product is deadly and should be recalled immediately,” Kyle Yasuda, president...
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Wells Fargo shares new details on CEO search in earnings call


Sat, 04/13/2019 - 00:36 - [CET]
Wells Fargo provided new details about its CEO search on Friday without disclosing whether it will follow Warren Buffett’s advice to avoid Wall Street candidates. In a conference call to discuss its first-quarter earnings, interim CEO Allen Parker said the troubled bank has hired an executive search firm to find a replacement for Tim Sloan,...
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Disney’s streaming service sends stock to new heights


Fri, 04/12/2019 - 23:31 - [CET]
Walt Disney Co.’s new video streaming service is a dream come true — for investors. The entertainment company’s stock surged to new heights Friday after Disney released details of its new video streaming service, Disney+, including a price tag that dramatically undercuts rival Netflix. The stock soared 12 percent to close up $13.43 a share...
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Campbell Soup nears $500M deal to sell Bolthouse Farms


Fri, 04/12/2019 - 04:06 - [CET]
Six months after it kicked off its auction to sell its Bolthouse Farms juice business, Campbell Soup is close to a sale for about $500 million, sources said. Private equity firm Butterfly Equity has teamed with one-time Bolthouse Farms CEO Jeffrey Dunn to buy the Bolthouse brand, which sells juices, sources tell The Post —...
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Disney reveals when Disney+ will launch, what it will cost


Fri, 04/12/2019 - 02:30 - [CET]
Disney says its new streaming service, Disney Plus, will cost $6.99 per month when it launches in the U.S. on November 12. That is cheaper than rival Netflix, which charges $13 per month for its most popular streaming plan. But the Disney service has a narrower focus on family-friendly shows and movies. The company is...
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Uber reveals it has 91M users in IPO filing


Thu, 04/11/2019 - 23:22 - [CET]
Uber Technologies Inc on Thursday filed publicly with the U.S. Securities and Exchange Commission for its initial public offering (IPO), taking it a step closer to one of the largest technology stock listings of all time. The Uber filing gives the first comprehensive financial picture of the ride-hailing and transportation services company. Started in 2009...
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Tesla denies report of a spending halt at Nevada plant


Thu, 04/11/2019 - 22:51 - [CET]
Tesla is disputing a Thursday report that the electric auto manufacturer is putting a freeze on its plans to expand its Nevada Gigafactory. “Both Tesla and Panasonic continue to invest substantial funds into Gigafactory,” a Tesla spokesperson told The Post in a statement, referring to electronics maker Panasonic, which is Tesla’s battery cell supplier. “We...
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Big3 league accuses Charter of manipulating Disney auction


Thu, 04/11/2019 - 20:25 - [CET]
Big3 Basketball — the pickup league co-founded by rapper Ice Cube — accused cable giant Charter Communications of playing dirty tricks in an auction of Disney’s regional sports networks. Big3 claimed Thursday that Charter, controlled by billionaire John Malone, is trying “to pollute the bidding process” by “preemptively threatening” to drop the so-called RSN channels...
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Billionaire Ron Burkle isn’t buying National Enquirer: spokesman


Thu, 04/11/2019 - 20:01 - [CET]
News that David Pecker’s American Media Inc. has put the National Enquirer on the block has triggered a furious guessing game as to who might step out of the shadows and buy the embattled supermarket tabloid. Among the rumored names to surface is billionaire investor Ron Burkle, who is already a junior partner with American...
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Citigroup’s heir apparent says he will retire in surprise move


Thu, 04/11/2019 - 18:46 - [CET]
In a surprise move, one of Wall Street’s top bankers announced he’s retiring by the end of the summer. Jamie Forese, Citigroup’s president and head of investment banking and trading, is leaving the company after 34 years, according to an internal memo obtained by The Post. “We would not be the company we are today...
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Elizabeth Warren proposes new tax on companies with profits over $100 million


Thu, 04/11/2019 - 16:18 - [CET]
WASHINGTON — Democratic presidential candidate Elizabeth Warren is proposing a new tax on corporate profits that’s designed to prevent business giants from taking advantage of the existing tax code to effectively pay a zero rate. The 7 percent tax on corporate profits above $100 million is the latest in a series of ambitious policy proposals...
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Amazon Go stores, designed for digital payments, to accept cash


Thu, 04/11/2019 - 03:32 - [CET]
Cash is still king — even with Silicon Valley trying to get rid of it. Retailing giant Amazon is caving to political pressure to accept cash at its Amazon Go convenience stores, which are designed around digital payments. “We are working to accept cash at Amazon Go,” the tech giant said in a statement Wednesday,...
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A tale of two Juul pods: China’s counterfeits pose a threat to US


Thu, 04/11/2019 - 03:29 - [CET]
All anyone needs to know about the trade talks between the US and China is contained in the two boxes of Juul pods that I have in front of me. Juul, in case you don’t know, is one of those electronic cigarette brands that is made by an American company. The “pods” are the size...
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Caesar’s Entertainment will be for sale as early as this week


Thu, 04/11/2019 - 03:28 - [CET]
Caesars Entertainment, which owns Harrah’s and Bally’s hotels and casinos, is getting ready to put itself up for sale as soon as this week, The Post has learned. The $24 billion company plans to announce within days that its board has approved a sales process amid pressure from billionaire investor Carl Icahn, sources told The...
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Hedge fund slammed over $6.8B in unpaid taxes seeks deal with IRS: report


Thu, 04/11/2019 - 02:18 - [CET]
In a move that could severely ding investors, secretive hedge fund Renaissance Technologies is in talks to settle a dispute with the Internal Revenue Service over billions in unpaid taxes. RenTech’s flagship Medallion fund was determined to have avoided up to $6.8 billion in taxes over a 15-year period by the Senate’s Permanent Subcommittee on...
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AOC disses Jamie Dimon after Green New Deal criticism


Thu, 04/11/2019 - 00:44 - [CET]
Rep. Alexandria Ocasio-Cortez fired back at JPMorgan Chase CEO Jamie Dimon Wednesday after he criticized the Green New Deal — asking why no top bankers were busted following the 2008 economic collapse when fare beaters she represents can wind up behind bars. “I represent kids that go to jail for jumping a turnstile because they...
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JetSmarter app being sold to Vista Global


Wed, 04/10/2019 - 23:28 - [CET]
JetSmarter, the once-high-flying private aircraft booking app backed by Jay-Z and the Saudi royal family, agreed to sell itself Wednesday in a stock deal one industry insider called close to worthless. If true, the selling price marks a major comedown for Sergey Petrossov – JetSmarter’s Russian-born and Florida-raised founder – whose so-called “Uber of the...
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Anti-opioid addiction drug maker charged with fraud


Wed, 04/10/2019 - 22:47 - [CET]
RICHMOND, Va. — Shares in a British company that makes an opioid addiction-withdrawal drug lost about 70% of their value Wednesday after its executives were accused of lying about the product for years to boost profits. Federal prosecutors in Virginia filed fraud charges Tuesday against Indivior, which makes Suboxone film strips that dissolve under the...
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There’s ‘never been a better time’ to be a whistleblower in America


Wed, 04/10/2019 - 22:31 - [CET]
Thanks to the recent debut of an ABC News podcast and HBO documentary about the rise and fall of Theranos, whistleblowers have dominated headlines. Here is how you can say something when you see something — while minimizing your own risk.
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Ex-Goldman CEO tweets Post story as Wall Street execs grilled


Wed, 04/10/2019 - 17:55 - [CET]
This former Wall Street titan is a “Tab-Lloyd” reader. Lloyd Blankfein, the ex-CEO of Goldman Sachs, retweeted The Post’s Wednesday story about bigwig bankers getting grilled on Capitol Hill — and sounded like he was happy that he wasn’t one of them. “Boy, I really miss my old job!!!” Blankfein tweeted. The tweet linked to...
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Lawmakers grill Wall Street bigwigs over risks to US economy


Wed, 04/10/2019 - 16:25 - [CET]
The titans of Wall Street got hauled onto Capitol Hill on Wednesday to get grilled on whether their “too big to fail” banks could cripple the US economy. The chief executives of seven top US financial giants — including JPMorgan Chase’s Jamie Dimon and Goldman Sachs’ David Solomon — were set to face questions from...
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Ex-TPG big charged in college admissions scam faces new scandal


Wed, 04/10/2019 - 05:15 - [CET]
Bill McGlashan, the private-equity bigwig embroiled in the college-admissions bribery scandal, has a new problem on his hands — and it involves money, cosmetics and North Korea. McGlashan — who has pleaded not guilty to federal charges that he agreed to pay $250,000 for a fake football profile to get his son into USC —...
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Uber plans to sell around $10B worth of stock in IPO


Wed, 04/10/2019 - 05:00 - [CET]
Uber Technologies Inc has decided it will seek to sell around $10 billion worth of stock in its initial public offering, and will make public the registration of the offering on Thursday, people familiar with the matter said on Tuesday. An IPO of this size would make Uber one of the biggest technology IPOs of...
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Scandal-plagued Wells Fargo faces cap on growth: regulators


Wed, 04/10/2019 - 04:08 - [CET]
Three of the most powerful federal bank regulators said Wells Fargo hasn’t gone far enough to make whole the customers it’s harmed — and faces a cap on its growth for an indefinite amount of time, according to letters released Tuesday. Sen. Elizabeth Warren and Sen. Sherrod Brown released letters from the Federal Reserve, the...
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Netflix wants to buy Hollywood’s historic Egyptian Theatre


Wed, 04/10/2019 - 04:02 - [CET]
Netflix is looking to buy some legitimacy in Hollywood — by acquiring a historic Hollywood movie theater. The video-streaming giant — which is locked in a battle with Steven Spielberg and other A-listers over whether it’s entitled to compete for Oscars — is in talks to buy the Egyptian Theatre on Hollywood Boulevard, sources said....
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Former SeaWorld exec pleads guilty to insider trading


Wed, 04/10/2019 - 03:56 - [CET]
A former SeaWorld Entertainment exec has admitted to using his position as a top lawyer for the Orlando theme-park owner to line his own pockets — to the tune of $65,000. Paul Powers, SeaWorld’s former associate general counsel, pleaded guilty Tuesday to snatching up the aquatic park company’s shares days ahead of its second-quarter 2018...
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Ad watchdog targets Mercedes over made-in-America claims


Wed, 04/10/2019 - 03:49 - [CET]
Mercedes-Benz just put a dent in its fancy reputation. The German luxury car maker is backtracking on a $16 million marketing campaign claiming that its 2019 Sprinter cargo vans are made in the USA — because apparently they are not, according to an investigation by consumer watchdog group Truth in Advertising or Tina.org. The majority...
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Burger King pulls controversial ad after backlash from Chinese consumers


Tue, 04/09/2019 - 18:08 - [CET]
Burger King was forced to pull a promotional video in New Zealand showing customers trying to eat burgers with chopsticks after it sparked an outcry in China and demands for an apology from the US fast-food chain.
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UK bank hit with $1B in fines for helping Iran launder money


Tue, 04/09/2019 - 16:33 - [CET]
UK banking giant Standard Chartered got slammed with more than $1 billion in fines and settlements on Tuesday for helping launder money from Iran, Sudan and other sanctioned countries through the US financial system over a six-year period. The British bank cleared more than $600 million in transactions through its New York offices from 2008...
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Don’t get too excited about those Whole Foods price cuts


Tue, 04/09/2019 - 04:36 - [CET]
It’s going to take a lot more than this to shed that “Whole Paycheck” nickname. Amazon’s price cuts last week at Whole Foods — which claimed discounts of 20 percent on hundreds of items — amounted to a measly drop of 1 percent in the total bill for a typical shopping trip, according to a...
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Here’s why the Feds will raise interest rates before the summer


Tue, 04/09/2019 - 04:20 - [CET]
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Hedgie to pitch Sony on selling off entertainment division


Tue, 04/09/2019 - 04:00 - [CET]
Hedge fund activist Dan Loeb is gearing up to launch a roughly 200-page presentation to press Japanese electronics maker Sony to explore a sale of Sony Pictures, which owns the “Spider-Man” and “Men in Black” movie franchises, The Post has learned. Loeb’s presentation will also argue that Sony, the maker of the PlayStation, should spin...
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Winklevoss twins can’t sue pot startup because they’re famous


Tue, 04/09/2019 - 00:31 - [CET]
Ah, the price of fame! Brothers Tyler and Cameron Winklevoss can’t sue an angry former business partner for defamation because they are “public figures,” an appeals court has determined. The 6-foot-5 identical twins — who gained their fame after suing Mark Zuckerberg, saying he stole their idea to create Facebook when they were all attending...
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Robots could do a better job than umpires in MLB games


Mon, 04/08/2019 - 22:44 - [CET]
One job that I think is imperiled by technology is that of the home plate umpire in Major League Baseball. “Kill the ump” might be a criminal thought, but “kill the ump’s job” won’t be, especially if one new report is correct. A study of nearly 4 million MLB pitches by Boston University finance professor...
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Dan Loeb is building a stake in Sony Corp: sources


Mon, 04/08/2019 - 20:00 - [CET]
Daniel Loeb’s hedge fund Third Point is building a stake in Sony Corp to push for changes, the second time in six years it has targeted the Japanese electronics maker, people familiar with the matter said on Monday. Once a market leader in consumer electronics, Sony is now in the midst of a turnaround effort...
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