This money manager hates Carl Icahn
Related: Icahn is battling the workers’ union of the Taj Mahal casino But Scherrer said his firm first invested in eBay because it believed it is better off with PayPal….
Tag: morningstar
Hashtag #money. The business of the pound sign
Anyone can use the platform’s basic features for freebut businesses can pay for services like embedding a Tagboard page on their site or using more than one hashtags. The startup…
Mike Judge on (the lack of) sex in Silicon Valley
We’ve had things happen where we put something in the show that we made up, and then it really happens, in between the time we did it and when the…
Are smart drugs driving Silicon Valley?
The idea: mix and match enough of them to find the killer combo; the winning blend is what’s known as a “stack.” Asprey’s stack is ever evolving as he experiments…
I did LSD with Steve Jobs
“We were monk-wannabes,” Kottke said. They were on a quest to better understand consciousness using an LSD varietal known as Orange Sunshine as their Sherpa. “We were … in a…
Second record box office weekend for ‘American Sniper’
Movies make most of their money Fridays through Sundays. In its opening weekend, including the Martin Luther King Day holiday on Monday, “Sniper” made $105 million, setting a new record…
2015: The global economy’s ‘sink or swim’ moment
Related: See complete coverage from Davos But as the ECB money starts sloshing around the financial system and flowing into other parts of the world, concerns have been raised about…
Oil crash may kill the Texas housing boom
A number of large, Texas-based energy companies have recently announced job cuts, including 7,000 by Baker Hughes (BHI) and 9,000 by Schlumberger (SLB). Not all of those jobs cuts will…
SkyMall catalog lands in bankruptcy
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UPS delivers bad news. Stock tumbles 10%
Morningstar: © 2015 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2015. All rights reserved.
16 firms worth billions even though they lose millions
Here are 15 other tech companies worth billions despite making no money: 1. Snapchat: At $10 billion, fast-growing Snapchat is one of the world’s most valuable private tech startups. Yet…
Bill & Melinda Gates’ next target: banking
Literally stuffing cash in a mattress: People in rich countries can drive or walk to the bank, use digital services like PayPal and write checks that can be deposited, sometimes…
Tootsie Roll names 83-year old widow as new CEO
Morningstar: © 2015 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2015. All rights reserved.
Oil boomtown: ‘We could see 20,000 layoffs by June’
Arthaud, a North Dakota native who’s been active in the state’s oil industry since the late 1970s, said he isn’t particularly concerned for his company, which employees some 2,000 people…
Turing manuscript going up for auction
Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar:…
The Army gun: My ‘Lethal Weapon’ moment
I first heard about the M9 in 1985, when the Army first issued it to replace its previous gun the Colt M1911, reminding me of my grandfather who served in…
Obama’s #SOTU press strategy: all of the above
Related: How Obama would close the ‘trust fund loophole’ The White House started pushing what it called State of the Union “spoilers” as soon as the New Year started, leading…
Heath insurers are stock market darlings thanks to Obamacare
Simply put, greater access to health insurance has led to more customers for the insurance giants. And UnitedHealth is not the only company to benefit. The other four members of…
Oil’s influence on stocks is ‘not normal’
Since the beginning of this year, that correlation has jumped to 60% or even higher. On some three-day stretches it has even hit 90%. That’s because when prices of some…
EBay cuts 7% of workforce
Morningstar: © 2015 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2015. All rights reserved.
Experts say Paris lawsuit against Fox News is going nowhere
Lawsuits for slander or libel need to identify a particular individual or entity, Hermes said. Little recourse in French courts Speech and media laws are different in France, but the…
Why is Fidelity investing in SpaceX?
Most notably, it invested in private shares of Facebook (FB, Tech30) in March 2011, more than a year before Facebook started trading as a public company. Fidelity has also taken…
How Obama would close the ‘trust fund loophole’
Related: Obama’s proposal for the middle class That’s because the proposal includes a number of allowances so that the tax won’t hit the college kid who inherits $10,000 in stock…
Paris mayor: We intend to sue Fox News
Morningstar: © 2015 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2015. All rights reserved.
Wal-Mart customers can pick up their tax refunds in cash
Morningstar: © 2015 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2015. All rights reserved.
Opinion: Don’t just write a check! Get involved
The news shocked people around the world. Pope Francis urged action. My wife and I decided to answer the call. Rather than write a check and leave it at that,…
Republican debates: Media winners and losers
NBCUniversal hosted a total of four debates during the 2012 cycle. Two aired on MSNBC, although they weren’t moderated by MSNBC personalities. This cycle, NBC has two — one to…
RadioShack’s big Super Bowl ad bet goes bust
“Our Super Bowl ad promised a new and improved RadioShack. And one of the keys to any successful rebranding effort is ensuring that there is consistency between the brand messaging…
5 things Steve Jobs said Apple would never do
“God gave us 10 styluses. Let’s not invent another,” Jobs said about the project, according to Walter Isaacson’s biography. Yet Ming-Chi Kuo of KGI Securities said the widely expected 12.9-inch…
Fox News apologizes 4 times for inaccurate comments about Muslims in Europe
Related: Murdoch and Fox draw online backlash “No-go zones” have been a theme on Fox. Critics have accused the network of advancing a frightening narrative that demeans peaceful Muslims. Earlier…