Netflix fires communications chief for using racial slur

Netflix fires communications chief for using racial slur

Netflix fired top communications executive Jonathan Friedland on Friday after he used a racial slur on multiple occasions during meetings with company employees. Continue Reading Below In a memo to staffers obtained by the Hollywood Reporter, Netflix CEO Reed Hastings said Friedland used the N-word “several months ago” during a meeting with the company’s public relations team about sensitive words. Within days, Friedland purportedly used the word again while discussing the previous incident with human…

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Oil industry should prevent prices from spiking: Liberty Oilfield Services CEO

Oil industry should prevent prices from spiking: Liberty Oilfield Services CEO

The structure behind the deal that pressed the Organization of the Petroleum Exporting Countries (OPEC) to increase production is why oil prices climbed in response to the news, says Liberty Oilfield Services Chairman and CEO Chris Wright. Continue Reading Below “Each country can only pro-rata increase their production and the majority of them can’t increase their production at all,” Wright said during an interview on “Countdown to the Closing Bell.” On Friday, the 14 member…

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US economic growth sets a path for entrepreneurship, says famed investor Patricof

US economic growth sets a path for entrepreneurship, says famed investor Patricof

Alan Patricof, Greycroft Partners co-founder and managing partner, told FOX Business’ Maria Bartiromo that the strong U.S. economy is a great setting for entrepreneurs. Continue Reading Below “I think I’ve never seen an environment as robust as it’s been in the last few years, starting in 2006 when we started this Greycroft, I’ve never seen the economy,” Patricof  said during an interview on “Maria Bartiromo’s Wall Street.” “The environment is so good it’s just, the number…

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SEC probes whether companies rounded up earnings

SEC probes whether companies rounded up earnings

Federal regulators are investigating the case of the missing “4,” exploring the numeral’s conspicuous absence in quarterly reports that could mean companies have improperly rounded up their earnings per share to the next highest cent. Continue Reading Below The Securities and Exchange Commission is investigating whether companies have engaged in improper rounding up of quarterly earnings, people familiar with the matter said. SEC enforcement officials have sent queries to at least 10 companies, asking the…

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At Microsoft, 300 workers protest ICE contract, threaten to resign

At Microsoft, 300 workers protest ICE contract, threaten to resign

The ongoing, controversial debate over the separation of immigrant children from their parents at the Southern border has spilled into the corporate world: At Microsoft, 300 employees are threatening to resign, unless the tech giant ends its contract with the U.S. Immigration and Customs Enforcement (ICE) agency. Continue Reading Below The furor began on Monday, after the Trump administration began forcibly separating and detaining children from their parents who had entered the U.S. illegally. Although…

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Chipotle shares rise as chain tests new menu items

Chipotle shares rise as chain tests new menu items

Chipotle stock rose Friday as the fast-casual Mexican food chain prepares to add quesadillas and other fresh menu items to a revamped menu. Continue Reading Below Aside from quesadillas, Chipotle is testing other menu additions including avocado tostada, nachos, chocolate shakes and a spring salad with avocado citrus vinaigrette at a test kitchen in New York City, with plans for a nationwide rollout in the future. The company previously relied on a minimalist menu that…

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GM to make Chevy Blazer SUV in Mexico

GM to make Chevy Blazer SUV in Mexico

Trump on NAFTA: Auto workers will be happy UBS Senior Vice President of Investments Jim Lacamp and Moody’s Chief Capital Markets Economist John Lonski on President Trump’s trade talks with China and efforts to renegotiate NAFTA. General Motors confirmed that it will build the new Chevrolet Blazer in Mexico, sticking with its initial plans amid uncertainty over global trade. Continue Reading Below The automaker unveiled the Blazer, a midsize SUV, on Thursday. Its debut was…

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The $100B threat banks face

The $100B threat banks face

Companies have been dealing with the increase in cyberthreats – and now the International Monetary Fund (IMF) has cautioned about the huge expense a cyberattack could have on the financial system. Continue Reading Below “Cyber risk has emerged as a significant threat to the financial system,” according to a report by the IMF, adding, “ An IMF staff modeling exercise estimates that average annual losses to financial institutions from cyber-attacks could reach a few hundred…

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Internet sales tax ruling ‘rebalances things’

Internet sales tax ruling ‘rebalances things’

Online retailers are no longer exempt from not collecting sales tax on purchases in states where they have no presence, a Supreme Court decision handed down on Thursday that, experts say, could revitalize struggling brick-and-mortar retailers. Continue Reading Below “This is a great victory,” National Retail Federation CEO Matt Shay said during an interview with FOX Business’ Stuart Varney. “It’s been a long-time coming.” The case, known as South Dakota vs. Wayfair, overturned a ruling…

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Online sales tax will benefit these states the most: Fitch

Online sales tax will benefit these states the most: Fitch

The U.S. Supreme Court ruled on Thursday to allow states to mandate the collection of sales taxes by online retailers. This will create a new revenue stream from state and local governments. Continue Reading Below Tennessee, Louisiana, Arkansas, Oklahoma and Alabama are among the top states that could see more revenue in their coffers due to their high reliance on sales taxes, according to a report released by Fitch Ratings on Friday. But exactly how…

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