By Josh Eidelson From Bloomberg News Starbucks Corp. violated federal law by firing, threatening, and carrying out surveillance on union activists in New York, U.S. labor board prosecutors alleged in a complaint. The agency’s Buffalo regional director said in a filing Friday that the company illegally interfered with employees’ rights by firing six and retaliating…
Judge Sets $1 Million Bond for Former CEO Russell Laffitte, Accused of Fraud in Murdaugh Saga
By Sammy Fretwell and Jake Shore From The State (Columbia, S.C.) COLUMBIA, S.C.—A judge set a $1 million bond Friday for fired Hampton County banker Russell Laffitte, who is accused of scheming with suspended attorneys Alex Murdaugh and Cory Fleming to defraud legal clients of settlement money. Circuit Judge Alison Renee Lee set the bond…
Palantir Wins $13 Million Contract From Longtime Partner UK Defense Ministry
Palantir Technologies Inc. bagged a £10 million ($12.5 million) 12-month contract with the UK Ministry of Defense, Bloomberg reports. Palantir will support UK Defense Ministry’s Foundry platform, which lets users cut costs by automating work and reducing data-processing time. Co-founded by billionaire Peter Thiel and Alex Karp, the data analytics company initially focused on selling software…
‘Still a Second-Half Story’: Twilio Analysts React to Mixed Q1 Earnings
Twilio Inc. reported conservative second-quarter guidance last week. On Wednesday, Twilio reported an adjusted first-quarter EPS loss of $1.23, missing consensus analyst estimates of a 21-cent loss. Revenue for the quarter was $875.4 million, beating analyst expectations of $864 million. Revenue was up 48 percent from a year ago. Twilio reported 268,000 active customer accounts…
Will Twitter Get More Crypto-Friendly With Musk’s Investments From Binance and A16z?
Tesla Inc. CEO Elon Musk has landed backers for his buyout of social media platform Twitter Inc. What Happened Agreements were reached with 19 total investors, including 18 new companies to help facilitate Musk’s $44 billion buyout of Twitter. Among the investors were two names that are well known in the cryptocurrency space: Binance and…
LIVE UPDATES: Ukraine Troops Retreat From Popasna, Luhansk Governor Confirms
The latest on the Russia–Ukraine crisis, May 9. Click here for updates from May 8. Ukraine Troops Retreat From Popasna, Luhansk Governor Confirms Ukrainian troops retreated from the eastern Ukrainian city of Popasna, the governor of Luhansk region said on Sunday, confirming previous reports that it had been taken. The head of Russia‘s republic of Chechnya,…
Elon Musk’s $400 Million Backing From A16z for Twitter Also Brings Facebook in the Picture
Andreessen Horowitz’s bid to join Tesla Inc. CEO Elon Musk in his takeover of Twitter Inc. could reportedly spur a conflict or two. What Happened The Silicon Valley venture capital firm’s involvement in the Musk-Twitter deal is under the scanner as co-founder and general partner Marc Andreessen has been on the board of Facebook parent Meta Platforms Inc. since 2008, reported Bloomberg….
Telus Clocks 6.4 Percent Revenue Growth in Q1
Telus Corp. reported first-quarter FY22 operating revenues and other income growth of 6.4 percent year-on-year to C$4.28 billion. Total telecom subscriber connections grew 5.8 percent Y/Y to 17 million. In the quarter, it made 148,000 new customer additions, up 3,000 over last year, and inclusive of 46,000 mobile phones, 46,000 connected devices, 30,000 internet, 26,000 security…
DeFi, Yield Farming, and Ponzi Scheme?
In today’s local interest rate environment, many investors have come across DeFi staking or cryptocurrency yield farming promising interest rates earned in the high single digits, double-digits, and even triple-digits. Compared to the paltry interest rate earned in most mainstream asset classes, conventional wisdom would suggest those rates are too good to be true. What…
Businesses Will Resent Democrats Distracting From Inflation
The notion that the leak of the Supreme Court’s draft opinion overturning the 1973 Roe v. Wade abortion decision has something to do with, of all things, inflation at first blush seems preposterous. And yet, the motive of the mystery figure responsible for the worst information breach within the halls of the Marble Palace at…
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