Tag: business

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  • Star Wars LEGO

    LEGO sales shoot through the roof with help from Star Wars

    LEGO’s revenues jumped by 25% and net profits rose by 31% in 2015. The company attributes the massive increases to sales of its Star Wars, Ninjago, and Disney Princess products. The company said it sold more than 72 billion Lego bricks to 100 million kids in 2015, with Elsa’s Sparkling Ice Castle, the Star Wars […]

  • Women pay gap law

    Companies will soon be forced to publish their gender pay gap

    Big companies in Britain will soon be forced to show exactly how much they are paying their male and female workers. A new law starting in 2018 requires companies to publish detailed information about gaps in salaries and bonuses. The plan is part of the government’s strategy to put an end to gender pay discrimination. […]

  • Square and Visa

    Visa buys big stake in Jack Dorsey’s company Square

    Visa now owns nearly 10% of Square, the mobile payment services company co-founded and led by Twitter CEO Jack Dorsey. Shares of Square jumped 16.13% before the opening bell Friday. Visa snapped up a nearly 10% interest in Square, according to a regulatory filing. That means Visa is now one of the San Francisco company’s five biggest shareholders. Shortly after Square […]

  • Boeing shares are sinking

    Boeing shares are plummeting as SEC launches accounting investigation

    Shares at Boeing are tanking after the US Securities and Exchange Commission (SEC) announced that it was investigating the accounting practices at Boeing Commercial Airplanes. The investigation is in respect to the company’s 787 Dreamliner and 747 jumbo jet programs. According to Bloomberg‘s Robert Schmidt, Julie Johnson and Matt Robinson, people with knowledge of the matter said that the […]

  • Conrad Parker out at Zenefits

    Zenefits CEO suddenly steps down

    Zenefits CEO and founder Parker Conrad is no longer sailing the ship. Conrad’s removal as CEO of the struggling startup was announced on Monday. Taking the helm is David Sacks, who was Zenefits’ COO and had previously worked at Microsoft after selling his company, Yammer, to the tech giant. In an email on Monday Sacks […]

  • The Honest Company IPO

    Jessica Alba is taking The Honest Company public

    Jessica Alba and her incredibly popular eco-friendly retailer, The Honest Company, are going public. According to Bloomberg’s Lizette Chapman and Alex Barinka, The Honest Company is working with Goldman Sachs and Morgan Stanley on the deal. The Honest Company raised $70 million in 2014 and was valued at $1.7 billion after raising $100 million. Alba has done […]

  • Martin Shkreli Rolling Eyes during testimony

    Martin Shkreli reminds us why America hates him during questioning

    Martin Shkreli smirked and rolled his eyes while Rep. Elijah Cummings berated the former drug CEO for operating a Ponzi-like scheme. “It’s not funny Mr. Shkreli,” Cummings said during a House Oversight Committee hearing on Thursday. “People are dying and they’re getting sicker and sicker.” Despite being berated, Shkreli continued to smirk at his accuser. Cummings said […]

  • Les Moonves takes over as CBS Chairman

    Les Moonves has replaced Sumner Redstone atop CBS

    CBS and Viacom’s controlling shareholder Sumner Redstone is stepping down from his executive chairman role at CBS Corporation. He will be replaced by CBS CEO Leslie Moonves. The 92-year-old former leader will be given the title of chairman emeritus of CBS, according to an announcement made by the company on Wednesday afternoon. As the newly-named […]

  • Mark Zuckerberg and Facebook Wealth

    Mark Zuckerberg is now the world’s fifth richest person

    Mark Zuckerberg’s wealth is increasing very quickly. On Tuesday, Facebook shares continued to push upwards, allowing Zuckerberg to pass Amazon CEO Jeff Bezos and become the fifth richest person in the world. His new wealth placement arrives less than a week after he passed Oracle Chairman Larry Ellison as the world’s six richest person. Zuckerberg […]

  • Mark Zuckerberg personal wealth

    Mark Zuckerberg’s wealth just passed the Koch brothers

    Facebook founder and CEO Mark Zuckerberg is now richer than the Koch brothers. Zuckerberg’s wealth increased by $6 billion Thursday after Facebook reported a stellar quarter with record revenue. That increase in stock price grew Zuckerberg’s fortune to $47.5 billion or No. 6 on Bloomberg’s list of the wealthiest people in the world. Zuckerberg surged past […]