While Lyft was preparing to go public this week in an IPO valuing the rideshare company above $20 billion, Facebook was preparing for something else: a lawsuit from the federal government over discriminatory housing ads. That probably wasn’t in the minds of investors back in 2012 when the social network was the Silicon Valley start-up
Month: April 2019
One day, you may look back on your 20s and wonder how you did it. The word “busy” doesn’t begin to describe the different things most people juggle in the years following graduation from college. If you type “your 20s are” into Google, autofill helpfully suggests “hard,” “lonely,” “the worst,” “confusing” and, perhaps most fittingly,
IN THE CAR WHERE Paula Hanson lives, often parked outside a local sheriff’s station in Lancaster, California, her phone wouldn’t stop ringing. Hanson tried to explain to the employees at Discover Bank all that had happened to her. First, she had been laid off from her job, and then her father fell ill and she
Pills at a manufacturerGetty We are living in the age of prescription drugs. They can turn once-fatal diseases into manageable, chronic conditions. But especially for older adults, many of whom take five or more medications each day, they can cause illness or even death. A new study by Judith Garber and Shannon Brownlee of the
Bronze statue of Albert Gallatin (1761-1849), the longest serving US Secretary of Treasury, stands before the Treasury Department in Washington, DC. Getty Last Thursday the Real Property, Trust & Estate Law Section of the American Bar Association sponsored a webinar that Treasury lawyers Audrey Ellis and Wendy Kribell participated in. Steve Gorin, J.D., and Robert
Columbia Square Living’s penthouse is available for $30,000 per month. Christopher Stinner Photography Hollywood’s most expensive penthouse is searching for a star—a matinee idol, genius songwriter, an auteur. Perhaps the next Quentin Tarantino, some exceptional game changer worthy of this panoramic perch atop historic Columbia Square. Kelly Wearstler’s design creates an American Craftsman-California mod vibe.
The U.S. Food and Drug Administration on Monday refused to fully review the marketing application for Zogenix‘s treatment for seizures associated with Dravet syndrome, a rare form of childhood epilepsy, the company said. As part of a preliminary review, FDA determined that the application was not sufficient enough for a substantive review. Shares of Zogenix
Shares RH, the company formerly known as Restoration Hardware, plunged nearly 19 percent Friday morning after it cut its 2019 forecast, suggesting that the company’s new strategy will take longer to pay off than originally expected. Late Thursday, RH posted its fiscal fourth-quarter results, which were mixed as revenue fell short of expectations. The high-end
London-based Standard Chartered is expected to pay slightly more than $1 billion to resolve a nearly five-year-old investigation of potential U.S. sanctions violations tied to its banking for Iran-controlled entities in Dubai, as well as a related U.K. probe, according to a person familiar with the matter. Authorities are aiming for the bank to settle
JetSmarter has reached an agreement to settle claims made by some of its members that the company engaged in unfair and deceptive practices, according to a settlement notice. The private jet company, which once had more than 8,000 members and a self-proclaimed valuation of over $1 billion, has been the target of more than a
As materials stocks build on their gains, one investing professional is getting even more constructive on the space. Witnessing the 4% pop this week in the Materials Select Sector SPDR Fund, a market-cap-weighted index that counts the stocks of Linde and DowDuPont among its top holdings, CFRA’s Todd Rosenbluth says investors should consider buying into
A interview with billionaire entrepreneur, venture capitalist and founder of Khosla Ventures, Vinod Khosla. In this interview, Vinod discusses how entrepreneurs can succeed and the long and tough journey they will have to undertake. Vinod also talks about how entrepreneurship has changed and where it is heading. ???? Vinod Khosla recommended books are located at
President Donald Trump loves climate-wrecking coal and hates the climate-saving Paris Agreement. Meanwhile, forward-looking impact investors hate the problems of burning coal and its financial downside – and love portfolios of companies and funds pursuing climate solutions, which can have stronger returns. This love-hate split has motivated investors – and eco-focused ESG investment funds —
If you’re looking for a new home in an urban area, you might be attracted to some more up-and-coming areas. But buyer beware: Some of those areas come with big risks. That is according to a new study from GOBankingRates, which evaluated cities based on multiple criteria: percentage of homes with mortgages in negative equity,
As the April 15th tax filing deadline gets closer, there is a lot of last-minute planning going on. Taxpayers are getting one final opportunity to fund retirement accounts for tax year 2018. These accounts range from IRAs, Roth IRAs and SEP IRAs to Health Savings Accounts (HSA). What many are hoping for is that funding
Next Avenue recently asked readers to send us their top questions about their 2018 tax returns and we would answer as many as we could. In the story published in late March, three tax experts sorted out confusion about: who needs to file; standard deduction vs. itemized deductions; whether certain expenses are tax-deductible and late
With interest rates low, and home prices throughout much of the country still affordable for those earning little more than the median income, ownership grounds Americans in their communities like nothing else. Adobe Stock Photo Doesn’t everyone want to own their own home? That sense of belonging, the feeling that you and your place have
The FDA won’t approve of this year’s hot food trend. The National Restaurant Association and the American Culinary Federation surveyed 650 professional chefs about the top culinary and restaurant concepts for 2019. Three in four chefs said that CBD- and cannabis-infused food would be a hot trend this year. Of course, chefs’ interest in cannabis
Check out the companies making headlines before the bell: Boeing — Boeing said it would cut production of its 737 Max aircraft to 42 per month from 52, as it continues to work to return the aircraft to service following two fatal crashes. In a related story, American Airlines said it would extend cancellations of
Activist investor Ancora Advisors announced on Monday a takeover bid for J. Alexander’s Holdings, a Nashville-based restaurant chain, according a letter filed with the Securities and Exchange Commission. Ancora, which already owns about 1.3 million J. Alexander’s shares, offered to buy J. Alexander’s for $11.75 per share in cash, or $186 million. The figure represents
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