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For many founding entrepreneurs in the US high-tech sector, the perfect corporate governance model is benevolent dictatorship, hence the growing number of initial public offerings with shares that carry differential voting rights or, in the case of Snap of Snapchat fame, no voting rights at all. Despite the reservations of many institutional investors who favour the one-share one-vote model, this is not a wholly outrageous state of affairs. The capital markets are, after all, increasingly hostage to shareholder activists who believe that value is created by buying and selling subsidiaries, engaging in financial engineering and buying back shares rather than improving the operating performance of the underlying business.
Amid the condemnation of corporate excess in financial markets, one detail under fire is dual-class share structures, where some shares have greater voting rights. Take Facebook as an example. Surely, Mark Zuckerberg had every right to offer shares in the 2012 initial public offering on any legally permissible terms.
Australia said on Monday it was recalling an additional 1.1 million cars fitted with Takata Corp (TKTDQ.PK) air bags, increasing the size of the country's biggest ever compulsory recall to just under four million cars. The Takata air bags have been linked to at least 18 deaths and 180 injuries globally because the inflators can rupture and shoot metal fragments into vehicles, leading to mass recalls around the world. Australia has already ordered that manufacturers, including Audi (NSUG.DE), Ford (F.N), Volkswagen (VOWG_p.DE) and Toyota , replace almost three million air bags by Dec. 31, 2020, or face fines of A$1.1 million (644,021.94 pounds) per breach.
We know this year Apple will completely revamp its iPhone range. We even know the three new models, their significant price cuts and their screen sizes. But a new leak suggests Apple still has a major surprise up its sleeve… Picked up by respected UK tech site T3, is an eye-opening glimpse into Apple’s 2018 iPhone production line and the revelation that Apple may be about to supersize one member of its overhauled iPhone X line-up - at a cost.
With rivals gaining ground and clients choosing competitor solutions, the company could face a rough ride due to this misstep.
Apple filed new information regarding this invention back in 2017 and this week the European Patent Office published Apple's latest patent claim additions. As with most advances from any manufacture, the title needs a bit of punching up from the marketing department.
Australia on Monday increased the size of its biggest compulsory product recall as it said an additional 1.1 million cars fitted with Takata Corp air bags would be recalled. Australia earlier this year demanded that manufacturers of nearly 3 million vehicles that carried the air bags, linked to at least 18 deaths and 180 injuries globally because the inflators can rupture and shoot metal fragments into vehicles, pay for replacements. The air bags must be replaced by Dec. 31, 2020, or the manufacturers will face fines of A$1.1 million ($857,000) per breach of the order.
Hiding inside the latest code for Windows 10 are clues towards new hardware from Microsoft. Codenamed Andromeda, and requiring tweaks in the Windows 10 UI, is Redmond finally ready to release a commercial Courier device to challenge Apple's iPad? While Microsoft has teased a new class of devices at Build 2018 it is never clear what the status of Microsoft’s rumoured dual-screen “Surface Phone” project is, which until its actual release will be in the uncertain quantum state of being both alive and dead.
91-year-old Pauline "Granny" Kana and her grandson 25-year-old Ross Smith make comedic videos featuring beer pong trick shots, rap parodies and even Chuck Norris. A 91-year-old grandma has attained social media stardom as half of a comedy duo alongside her 25-year-old grandson. Five years ago, Ross Smith was in college at the University of Dayton when he started filming six-second videos on Vine.
Danica Patrick's racing career has sped by at 200mph. The female speed demon will take her final ride as a pro at Sunday's Indianapolis 500. Patrick will start in seventh place as she looks to grab the checkered flag to cap a decorated 13-year professional career.
Siri, Alexa, Cortana and their growing list of peers are designed to serve — and so far, almost without exception, they're designed to be female. As the voice wars heat up and the giants of Silicon Valley race to get their assistants in every home and pocket, the ever-present female subordinate is sending a bad message. Siri, Alexa, Cortana and their growing list of peers are designed to serve.
Apple plans to open up the technology it uses for wireless payments so that it can be applied to other applications. In fact, at the company’s Cupertino, California campus, employees can already swipe into the office using their iPhones to unlock doors, reports The Information (paywall). Apple is expected to announce the development next month.…
There has been a lot of attention over the past week on China and trade relations. China has moved down tariffs on auto and auto parts imports. Based on the reports, China is now taking about 8 times the daily volume of U.S. crude imports, compared to averages a few months ago.
2) We’ve talked about the shock-risk developing in Europe. A coalition government forming in Italy, with an “Italy first” approach to the social and economic agenda, has created some flight of Italian bond market capital toward safety. The last time Italy was on default/blow up watch, the 10 year yields were 7% (unsustainable levels). At those levels, the ECB had to intervene. It creates leverage for the third largest economy in the European Union (excluding Britain).
Liberty Global provides video, broadband internet, fixed-line telephony, mobile, and other communications services to residential customers and businesses in Europe. Micron Technology provides semiconductor systems worldwide. The Micron price cycle bottoms now and tops on June 6th.
Benzinga has featured looks at many investor favorite stocks over the past week. Bullish calls included the iPhone maker and a department store operator. Bearish calls included big automakers and a consumer ...
The best part of Destiny 2's Warmind expansion has little to do with Warmind itself. It's the exotic pass and masterwork system.
It was not exactly smooth sailing for Epic’s first attempt at “Close Encounters,” a new Fortnite: Battle Royale limited time mode where players had only jetpacks and shotguns. Players were not terribly amused with being yanked around, and many didn’t get a chance to play Close Encounters at all. “Sky bases” refer to ultra-high buildings that players can make to battle each other way up in the air.
Memorial Day is the new Black Friday — but that doesn’t mean it’s the best time to buy everything. Originally a holiday devoted to mattress sales, in recent years retailers have morphed the holiday weekend into a bigger sales weekend to mark the halfway-point to Black Friday. “Memorial Day sales represent about the closest thing we’ll see for ‘across the board’ discounts until holiday season,” said Brent Shelton, an online shopping expert.
The last train left Michigan Central Station 30 years ago and it has stood vacant ever since, a hulking embodiment of Detroit's long decline from America's manufacturing engine to its biggest municipal bankruptcy. The 105-year-old building that once handled all of Detroit's passenger rail traffic closed in 1988 due to a decline in ridership and took on a new life in the subsequent years as a must-see destination for urban explorers, the homeless and scavengers, who picked it clean of anything valuable. After years of failed short-lived plans to repurpose the dated 500,000-square-foot, 18-story building, its future may be crystalizing: The Ford Motor Co. is moving into the surrounding neighborhood of Corktown and — according to Ford board member Edsel B. Ford II — is in talks to buy the old station.
The FANG stocks have become some of the stock market's most dominant stocks, disproportionately powering its gains, as well as its losses. (Apple is often added, making the group the FAANG stocks), sometimes a bad week for the group of stocks can lead the market down. For instance, Facebook led a steep decline in the FAANG stocks in March, after its data misuse scandal came to light on Sunday, March 18.
Investing.com - Comments from global oil producers for additional signals on whether they plan to exit their current production-cut agreement will remain at the forefront.
In this article I am going to calculate the intrinsic value of General Electric Company (NYSE:GE) using the discounted cash flows (DCF) model. If you want to learn more aboutRead More...
Here’s a detailed look at how the irreverent Turtleboy has offended Facebook’s (FB) users and management, or not, and why Facebook keeps banning the blog. This huge company owns 40% of “Fortnite’s” developer and is still growing very quickly.