Business

Business

Stocks rise on earnings as tech rallies; oil gains

(c) 2018, Bloomberg. U.S. stocks rose a third day, while emerging-market equities hit the highest in a decade as synchronized global growth boosts corporate profits. Oil jumped as the dollar fell. The S&P 500 index closed at a fresh record as the strong start to earnings continued, with 82 percent...


Business

Google Lunar XPrize competition to end without a winner

(c) 2018, The Washington Post. The Google Lunar XPrize, an ambitious $30 million competition to send a robot to the surface of the moon, will end without any of the teams able to meet the March 31 deadline, organizers said in a statement Tuesday. After consulting with the five teams left in the...


Business

Gun industry converges near Las Vegas mass shooting site

Gun Show After Las Vegas

The gun industry is holding its biggest annual trade show this week just a few miles from the site where a gunman slaughtered 58 concertgoers outside his high-rise Las Vegas hotel room in October using a display case worth of weapons, many fitted with bump stocks that enabled them to mimic fully...


Business

BlackRock is said to have boosted staff bonuses after 2016 cut

(c) 2018, Bloomberg. BlackRock Inc., the world’s largest asset manager, boosted annual employee bonuses last year after a stinging 2016 when incentive pay was cut. Overall, the firm’s bonus pool was in the high single digits, in the range of about 8 percent to 9 percent, and BlackRock put a greater...


Business

Kleenex maker cuts up to 13% of jobs as it shuts factories

(c) 2018, Bloomberg. As companies move to boost jobs and pay in the wake of the U.S. tax overhaul, Kimberly-Clark Corp. is going in the opposite direction. The producer of Kleenex tissues and Huggies diapers is cutting 5,000 to 5,500 workers -- or 12 to 13 percent of its headcount -- as part of its...


Business

Bitcoin may split 50 times in 2018 as 'forking' accelerates

(c) 2018, Bloomberg. Bitcoin God arrived last month. Bitcoin Pizza was delivered in January. Bitcoin Private’s issuance date is ... still a secret. They’re just a few of the growing stable of so-called forks -- a type of spinoff in which developers clone Bitcoin’s software, release it with a new...


Business

Barstool Sports turns to booze, boxing to fight web media woes

(c) 2018, Bloomberg. Barstool Sports has a plan for surviving the digital media doldrums: boxing and booze. The sports and lifestyle website geared toward young men has raised an additional $15 million from majority owner Chernin Group, an investment firm led by former News Corp. executive Peter...


Business

Tesla boosts all-in bet on Musk with $2.6 billion option award

(c) 2018, Bloomberg. It is the Elon Musk of corporate pay deals, a cocksure, all-or-nothing moonshot into history. Little wonder, then, that it is for none other than Elon Musk. Tesla granted a $2.6 billion award to its billionaire founder, the largest-ever of its kind, underscoring the company’s...


Business

Solar around the world exhales as Trump's tariffs lack bite

(c) 2018, Bloomberg. Solar companies from the U.S. to Asia were breathing a collective sigh of relief on Tuesday after President Donald Trump announced tariffs on U.S. imports that, at 30 percent, were lower than most companies had feared. In China and South Korea, panel makers had been bracing...


Business

Mexico's election won't halt NAFTA talks, minister signals

(c) 2018, Bloomberg. Economy Minister Ildefonso Guajardo signaled that the Mexican government is willing to negotiate a reworking of NAFTA all through the run-up to July’s presidential election. July shouldn’t be ruled out simply due to the national vote, Guajardo said Tuesday in a Bloomberg...


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