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Category : Business (Archive for 2018-10-10) News by Google
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Bloomberg
Ackman Bets China's Coffee Drinkers Will Be Next Fast-Food Win
Bloomberg
Three years ago, Bill Ackman was shorting China's currency. Now he's going long on the country's coffee drinkers. Revealing a stake of about 1.1. percent in Starbucks Corp. on Tuesday, Ackman said he thinks China is the U.S. coffee chain's “single ...

Wall Street Journal
Sears Hires Advisers to Prepare Bankruptcy Filing
Wall Street Journal
Sears Holdings Corp. SHLD -5.99% has hired M-III Partners LLC to prepare a bankruptcy filing that could come as soon as this week, according to people familiar with the situation, as the cash-strapped company that once dominated American retailing ...

Bloomberg
New Evidence of Hacked Supermicro Hardware Found in US Telecom
Bloomberg
A major U.S. telecommunications company discovered manipulated hardware from Super Micro Computer Inc. in its network and removed it in August, fresh evidence of tampering in China of critical technology components bound for the U.S., according to a ...

Fox News
$470 million Mega Millions jackpot: Here are Tuesday's winning numbers
MarketWatch
The dream of winning a cool half-billion dollars was on the mind of tens of millions of hopeful lottery players Tuesday, as the nationwide Mega Millions jackpot grew to an estimated $470 million, the sixth-largest jackpot in U.S. history. Here are the ...

Wall Street Journal
SoftBank Explores Taking Majority Stake in WeWork
Wall Street Journal
SoftBank Group Corp. 9984 -5.37% is in discussions to take a majority stake in WeWork Cos., in what would be a giant bet on the eight-year-old provider of shared office space, according to people familiar with the talks. The investment could total ...

Wall Street Journal
Ex-Assistant Accused of Stealing $1.2 Million of Wine From Goldman Sachs CEO Jumps to His Death
Wall Street Journal
A former personal assistant to Goldman Sachs Group Inc.'s chief executive killed himself by jumping from the 33rd floor of a hotel Tuesday, at the same time he had been scheduled to plead guilty for what prosecutors had said was stealing more than $1.2 ...

Wall Street Journal
Ethanol's Field of Dreams Gets More Real
Wall Street Journal
If you build it, will they come? However hard ethanol boosters in corn-growing states including Iowa, Illinois and Nebraska have been pushing for expanded use of the motor fuel, retailers will have a tough decision on their hands given President Trump ...

Eater
The Truth Behind the DiGiorno-Little Caesars Mystery That Swallowed the Internet
Eater
A viral tweet sparked an investigation over the weekend into whether a Little Caesars location might be trading out its ridiculously cheap Hot-N-Readys for frozen DiGiorno pizzas. The tweet surfaced on Saturday with the caption “this can't be happening ...

Washington Post
Google bows out of Pentagon's $10 billion cloud-computing race
Washington Post
Google will not compete for a $10 billion opportunity to build the Defense Department's cloud-computing infrastructure, the company said Tuesday, saying the project could conflict with its corporate values regarding the use of artificial intelligence ...

Reuters
Google challenges record $5 billion EU antitrust fine
Reuters
BRUSSELS (Reuters) - Alphabet unit Google (GOOGL.O) on Tuesday challenged a record 4.34-billion euro (£3.8 billion) fine imposed by European Union antitrust regulators three months ago for using its popular Android mobile operating system to thwart ...

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