Stream of Reading (Prepare to be Forwarded) – An Archive of What I'm Reading
Photo An investor as an electronic board halted the display of stock market data at a securities brokerage house in Beijing. Credit Rolex Dela Pena/European Pressphoto Agency HONG KONG — The market turmoil in China spread around the world, as global investors grew more anxious about the country’s currency and the health of its economy….
paging_filter Washington Post executive editor Marty Baron told C-SPAN that the paper could become a truly international news organization under the leadership of Amazon co-founder Jeff Bezos. Baron made the comments during an interview that is scheduled to air on C-SPAN Sunday at 8 p.m. C-SPAN published two excerpts of the interview on Youtube. Before…
On the executive team at Tim Cook’s Apple Inc., everybody’s equal. Except for Cook himself. The CEO aside, the company awarded its top five executives about $25 million each last year, including $20 million of stock awards and $5 million in salary and cash bonus, according to a proxy statement filed Wednesday. Cook received a…
Global markets are facing a crisis and investors need to be very cautious, billionaire George Soros told an economic forum in Sri Lanka on Thursday. China is struggling to find a new growth model and its currency devaluation is transferring problems to the rest of the world, Soros said in Colombo. A return to positive…
Barclays Plc plans to shut most of its cash-equities business in the Asia-Pacific region as Chief Executive Officer Jes Staley pushes to reduce costs, according to people with knowledge of the matter. The near-exit from cash equities is part of plans to eliminate about 50 percent of jobs at the wider equities unit in the…
Yahoo! Inc. is planning to eliminate jobs as part of Chief Executive Officer Marissa Mayer’s effort to cut costs and revive growth at the struggling web portal, according to a person familiar with the matter. The plan will help the company streamline operations, said the person, who asked not to be identified because the matter…
In the past couple of years, Twitter’s user growth has slowed and then practically ground to a halt. As a result, the company has come under increasing pressure — from both Wall Street and the media — to reinvent the service in order to jump-start growth. Last summer, Twitter CEO Dick Costolo resigned and was…
Mansion Maniac, a whimsical online toy created by the New York Public Library, may seem like envy bait for the real-estate have-nots. With the help of a Pac-Man-like icon, users can explore the floor plans of some of the city’s most extravagant early-20th-century residences, culled from the library’s archives. But the game is what you…
A grand jury has subpoenaed Chipotle Mexican Grill in an investigation of a norovirus outbreak, and the chain warned investors Wednesday the fallout from increased media attention about foodborne illness has hammered its sales. Comparable restaurant sales nosedived 14.6 percent during the fourth quarter, the chain said in a filing Wednesday. This metric dropped as…
The night before a big meeting with a Swiss drug company in 2008, Theranos Inc. founder Elizabeth Holmes and a colleague sat in a Zurich hotel, sticking their fingers with a lancet. They drew drops of their own blood to try the company’s testing machine, but the devices wouldn’t work, says someone familiar with the…