The City of Nob Hill said the Guild Cinema was operating as an adult amusement establishment violating zoning laws.
Anthony Scaramucci is selling his fund of funds business to a Chinese conglomerate with ties to the government. The firm, the HNA Group, is facing an increasing number of questions at home and abroad, and the deal is subject to review by the US Treasury. The sale reportedly kept Scaramucci out of the White House in January because of the conflicts it raises.
A positive workplace culture is an important factor in job satisfaction , and a toxic environment can be detrimental to your health and productivity. To find out, Wharton business school's top-ranked professor, Adam Grant , suggests using this one simple question during the job interview process: "Ask them to tell you a story about something that happens in the organization that would not happen anywhere else," he says during a panel at OZY Fest in New York City. Grant is a best-selling author and an organizational psychologist who consults for companies like Facebook, Google and Goldman Sachs.
Mark Zuckerberg is 33 years old, worth almost $70 billion, according to Forbes, and is running one of the largest, most influential tech companies in the world. "You don't get to be successful like this just by being hard working or having a good idea," admits Zuckerberg during a Facebook Live on Sunday, which he filmed while smoking meat in his Palo Alto, Calif. backyard. Zuckerberg wants everyone to have the opportunity to be entrepreneurial.
On Friday, General Electric (GE) reported earnings--and promptly tumbled 2.9%. It wasn't that the earnings were bad--GE's adjusted earnings did beat analyst forecasts--but just about everything else was disappointing, especially its full year guidance, which it said would probably come in at the low end of its previous guidance. The report was the last of Jeff Immelt's tenure at the head of GE, and RBC's Deane Dray and team write that he "ripped the band-aid" by cutting guidance. They explain: We note that expectations were already at the low-end of GE’s prior EPS guidance, with consensus estimating $1.62 of 2017 EPS at the time of the release. That said, GE’s guidance cuts were necessary to
Corey’s first priority should be to pay back the money he borrowed from his 401(k). Corey also has $3,500 in credit card debt with an interest rate of 20%. “Borrowing from [his] retirement account was a huge mistake,” says New York–based financial planner Stephanie Genkin.
A new foodborne illness scandal requires a total re-brand at Chipotle Mexican Grill Inc. (CMG) , according to one branding expert. Shares of Chipotle dropped 3.3% to $344.45 by Friday's close, hitting new 2017 lows, as Chipotle grappled with twin PR crises. Public health officials confirmed that a customer at a Chipotle location in Sterling, Va. is ill with norovirus, while data from food poisoning crowdsourcing website iwaspoisoned.com indicates that over 100 customers at that location also fell ill. The same week, customers complained that a Dallas location had rats "falling from the ceiling." "The event that occurred at this restaurant is consistent with Norovirus which can be introduced by
If you listen to Starbucks (SBUX) execs, then everything at the coffee giant is amazing. Do some work in Microsoft (MSFT) Excel (as the analysts at Credit Suisse did below on Wednesday), and a glaring issue comes to light. That is, for all its digital leadership and ability to crank out new, more expensive drinks, Starbucks sales are on a long-term downtrend. Seeing as employee hourly wages and benefit costs are on the rise, as are costs to open new locations, a stubborn downtrend in sales is very unwelcome. It's especially unwelcome as most on Wall Street remain obsessed with Starbucks' growth prospects -- they could be in for some unfortunate surprises on the bottom line over the next year
Jared Kushner provided a detailed statement to a congressional committee followed by an address to the press on Monday saying he didn’t collude with Russian efforts to interfere in the 2016 U.S. presidential election. WSJ's Gerald F. Seib asks if Mr. Kushner's actions represent a shift toward more transparency for the Trump team. Photo: Getty
U.S. home resales fell more than expected in June as a dearth of properties lifted house prices to a record high. An acute shortage of properties has hampered monthly sales, which have increased three times this year, leaving them in a narrow range. The shortage of properties has led to bidding wars, which have resulted in house price increases outpacing wage gains.
John McAfee has ended up in hospital after what may have been an attack. On 22 July, his wife Janice McAfee posted an alarming statement on Twitter, saying that "My husband is still breathing," without adding much more context to the post. Following queries, Mrs. McAfee followed up by saying "He's recuperating from an externally imposed medical issue but he will be in touch soon," and implied that other people were involved with the comment "They will be f***** up." McAfee was meant to attend FreedomFest but was hospitalized before the event. According to the executive himself, someone attempted to "off" him, but as he is cheerily posting on Twitter days later, the alleged attempt was obviously
Pop quiz: What’s the best way to invest money that you won’t need for at least a decade? If you choose real estate, you’ve got company — although you all might want to rethink your choice. A recent Bankrate survey of about 1,000 adults living in the continental U.S. found that most believe real estate is the best investment.
Microsoft has published a new list of features that it will remove or deprecate in the Windows 10 Fall Creators Update, which is expected for general release in September. The most notable change is the deprecation of Paint, the graphics app bundled with Windows since Windows 1.0. The classic Paint app remained available with the recent Windows 10 Creators Update alongside Microsoft's new 3D Paint, a Universal Windows Platform app that was intended to replace the Paint app. Paint will still ship with the Windows 10 Fall Creators Update, however its deprecated status means the app is "not in active development and might be removed in future releases". A more definitive end is on the cards for
Since Warren Buffett took the helm of a struggling textile company called Berkshire Hathaway (NYSE:BRK-A) (NYSE:BRK-B) in 1964, the company's stock price has grown at an annualized rate of 20.8%. That's more than double the S&P 500's average total return of 9.7% during the same time period, but you might be surprised at just how much compounding power a 20.8% rate of return can have over more than half a century. Let's say that you (or your parents or grandparents) had the foresight to invest $10,000 in Berkshire Hathaway when Warren Buffett first took over. Here's how much you'd have now, and what to expect from Berkshire over the next 53 years. Berkshire Hathaway stock: Then and now At the
Pharmaceutical giants Bristol-Myers Squibb Co (NYSE: BMY) and Merck & Co., Inc. (NYSE: MRK) both release their second quarter earnings reports this week. According to BMO Capital, investors should be buying Merck and selling Bristol-Myers ahead of earnings
When it completes its $5.3 billion acquisition of Waltham-based Alere later this year, Abbott Laboratories will be getting one of the world’s largest makers of point-of-care diagnostic tests, a fast-growing sector. Thanks to antitrust rules, though, Abbott (NYSE: ABT) will be taking on a slimmed-down version of Alere (NYSE: ALR) by the end of September. Back in January, Illinois-based Abbott agreed to divest three Alere business units that make competing products in order to secure the approval of European Union antitrust regulators. According to federal filings, Alere, which has 9,500 employees globally, has now pulled the trigger on those deals. It sold two of the businesses to Quidel Corp.
Social Security is designed to help retirees replace a portion their work income, and the lower your average salary has been during your career, the greater the percentage of your salary Social Security will replace. $40,000 a year is above the median per-person income in the U.S. and is a good salary in many parts of the country, but it's less than what the typical household brings in every year. Below, you'll learn more about what someone making $40,000 can expect from Social Security and why it still makes sense to take action to supplement your Social Security with retirement savings of your own. What Social Security will take from you during your lifetime Those who make $40,000 pay taxes
By Enrico Dela Cruz MANILA (Reuters) - Philippine President Rodrigo Duterte on Monday said he wanted to stop exporting mineral resources and might close the mining sector completely and tax miners "to death" if damage to the environment persisted. "The protection of the environment must be made a priority ahead of mining and all other activities that adversely affect one way or another," Duterte said in his State of the Nation address, his second since assuming power in June last year. "This policy is non-negotiable." The Philippines is the world's biggest supplier of nickel ore and also among the top producers of copper and gold.
Jobs at tech companies like Google, Amazon and Facebook are the most sought-after roles around. Data analysis site Paysa looked at over 8,200 job posting and over 70,000 resumes at tech companies worth $10 billion or more to find what roles they are hiring for the most. The most sought after employee by far was software engineer.
A nine-year-old infected with HIV at birth has spent most of their life without needing any treatment, say doctors in South Africa. The child, whose identity is being protected, was given a burst of treatment shortly after birth. They have since been off drugs for eight-and-a-half years without symptoms or signs of active virus. The family is said to be "really delighted". Most people need treatment every day to prevent HIV destroying the immune system and causing Aids. Understanding how the child is protected could lead to new drugs or a vaccine for stopping HIV. Early action The child caught the infection from their mother around the time of birth in 2007. They had very high levels of HIV in
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Being a bit of a contrarian, I try to avoid hot technology stocks — like Nvidia Corporation (NASDAQ:NVDA) — that are priced to perfection in favor of competitors trading at lower valuations
When Ford Motor Company (NYSE:F) announces second-quarter numbers on July 26, investors in won’t be expecting a particularly impressive quarter. Was Ford stock punished in the first quarter for a crime it didn’t commit, and are traders now correcting their mistake? A trio of charts about the state of the auto industry tell the tale of why investors may not want to count on an earnings beat from Ford.
Is Draymond Green in for another summer legal battle? In the lawsuit, the duo will allege that Green engaged in physical assault, bullying and misleading statements. It is unclear how much money the plaintiffs will seek in damages, but Bloom’s statement references a demand for Green to apologize.
The applicant is Amazon Technologies, Inc., and the idea is to use either man-made pools or natural bodies of water to store goods while waiting for fulfillment orders. My first reaction was somewhere between “huh?” and “you’ve got to be kidding.” After all, every box would need to be either waterproof or put into a watertight container.
In global markets, all signs of sentiment are pointing up. First, private client cash levels have dropped to a record low as a percentage of total assets, according to data compiled by Bank of America Merrill Lynch. Institutional investors are also holding the lowest levels of cash since the start of the eight-year bull market, survey data compiled by Citigroup show.