Australia‘s oldest newspaper publisher Fairfax Media on Monday said it had ceased discussions with two U.S private equity suitors, after neither lodged a binding offer for the company. The publisher last month fielded bids worth as much as A$2.87 billion ($2.2 billion) from TPG Capital Management LP and Hellman & Friedman, and both firms were […]
Read moreHigh-profile investor Dave McClure’s role has been diminished at 500 Startups, the investment company he co-founded and had been running. “In recent months, we found out that my co-founder Dave McClure had inappropriate interactions with women in the tech community. His behavior was unacceptable and not reflective of 500’s culture and values. I sincerely apologize […]
Read moreKanye West has departed Jay-Z’s streaming service Tidal amid a financial feud, according to celebrity website TMZ. Jay-Z, also known as Shawn Carter, just used Tidal—which he started with much fanfare with other A-list musicians —to promote his widely praised new album, “4:44.” West, however, has made his displeasure with the service known for at […]
Read moreA painful correction is coming and there’s little that can be done to prevent it, according to former Republican congressman and libertarian firebrand Ron Paul. Speaking to CNBC last week, the former GOP presidential contender argued the economy is not as strong as Wall Street consensus believes, and the situation could turn ugly as soon […]
Read moreAs new sexual harassment allegations come to light, leaders in Silicon Valley are taking a deeper look at what has become a pervasive issue. Uber recently fired more than 20 employees following an internal investigation into allegations from former Uber engineer Susan Fowler who alleged the company failed to act on sexual harassment and gender […]
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Uber is facing two separate lawsuits brought against the ride-hail company by women who claim they were sexually assaulted by their drivers. While the circumstances and allegations in the two complaints are different and were filed in separate states, both parties are suing Uber for negligent hiring and call into question the ride-hail company’s customer […]
Read moreAlthough it may sound like a too-good-to-be true deal, Nicholas Kusmich did quit his day job to earn millions online. Kusmich, who runs a Facebook marketing agency called H2H Media Group — as well as doing personal consulting — was a Protestant pastor for 14 years in Toronto. He took a small salary of about […]
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The market has had a quiet start to the summer, but the doldrums may be about to give way to some serious fireworks, with new record highs potentially on the way. So said Stephen Suttmeier, a chief equity technical strategist with Bank of America Merrill Lynch. Last July, Suttmeier identified a “very rare” signal in […]
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