Alan Murray replacing Norm Pearlstine as Time Inc. CCO
Norm Pearlstine is stepping down as chief content officer of Time Inc., one of several shakeups the company announced Wednesday. Pearlstine will remain with Time Inc. as vice chairman, focusing on "international growth opportunities for our brands and content, as well as other projects," the company said. He will be replaced as chief content officer by Alan Murray, the editor of Fortune. Time Inc. also announced that Evelyn Webster, who has served as executive vice president since 2011, w..>> view originalWhy the Bull Market Will Keep Going
So much for a summer swoon. Since tumbling by 5.3% in the two trading sessions following Britain’s decision to exit the European Union, the U.S. stock market has more than recovered those losses. From its closing low of 2,001 on June 27 through its July 12 close of 2,152, Standard & Poor’s 500-stock index climbed 7.7%. Year to date, the index has produced a total return of 6.6%. A record closing high, reached on July 11 after more than 14 months of ups and downs, confirmed that the bull market ..>> view originalHere's Why Nokia Is About To Get More Money Out Of Its Patents
Nokia nok and Samsung ssnlf have expanded their patent cross-licensing deal, leading Nokia to anticipate a significant boost to its licensing sales. Nokia’s existing deal with Samsung was last extended in 2013—the compensation for this cross-licensing pact was settled through arbitration in February of this year. However, things have changed at Nokia quite significantly since 2013. Notably, Nokia bought out Siemens’ stake in their networking-equipment joint venture Nokia Siemens ..>> view originalTeva, Allergan Tweak Acquisition Agreement
Teva Pharmaceutical Industries Ltd. and Allergan PLC on Wednesday said they had tweaked the terms of Teva’s purchase of Allergan’s generics business, including pushing back a key date that illustrates how long the deal is taking to close. The companies said they had moved back the date at which either company could back out of the agreement, under certain circumstances, to Oct. 26 from July 26—which is a year after the deal was...>> view originalBrexit, what Brexit? Shares near 2016 highs
LONDON Stock markets traded within sight of their highest levels this year on Wednesday as the prospect of stimulative economic policy across the developed world eased immediate concern over Britain's vote to leave the European Union. The swift moves by the Conservative Party that see Theresa May replacing David Cameron as prime minister on Wednesday have helped fund a recovery that, aside from sterling itself, has wiped out the negative reaction to the June 23 vote.Asian markets outside Japan..>> view originalLand Of Lincoln Health To Liquidate - Not An Obamacare Problem But A Co Op One
Amazon Prime Day is biggest day for online retailer ever
The second annual Prime Day was the biggest day ever for Amazon. Amazon today announced customer orders surpassed Prime Day 2015 by more than 60% worldwide and more than 50% in the U.S. It was also the biggest day ever for Amazon devices globally and record Prime Day for each Amazon device category including Fire TV, Fire tablets, Kindle e-readers and Alexa-enabled devices. Prime Day was a great savings day too - members globally saved more than double on deals over Prime Day 2015. "Prim..>> view originalReprieve for FitzPatrick? Entergy in talks to sell, not shutter, New York nuclear plant
Dive Brief: Entergy Corp. announced Wednesday it is in talks with Exelon over the possible sale of its James A. FitzPatrick nuclear plant in upstate New York, throwing a potential lifeline to the struggling facility which Entergy had planned to close. The news comes just days after staff of the New York Public Service Commission revealed details of the state's Clean Energy Standard nuclear subsidies, designed to keep Fitzpatrick and two other upstate nuclear plants online. In November, Enterg..>> view originalUS stocks open higher, set to extend record climb
Markets Stream gives you a single place to follow live updates of markets moves and commentary, plus relevant insight from the web and social media. Here’s how it works. (Photo: Getty Images)>> view originalFixing Airbnb's Discrimination Problem Is Harder Than It Seems
Airbnb is finding out that fixing discrimination is a really long and difficult road. The home-sharing company has come under fire in the last few weeks over the racism and discrimination against some of its customers while they used the service. Even a hashtag—#AirbnbWhileBlack—emerged on social media amid the flood of conversations about the topic. Of course, Airbnb quickly denounced racism in public statements and apologies. During its annual engineering conference in San Francisco, co-found..>> view original
Wednesday, July 13, 2016
Alan Murray replacing Norm Pearlstine as Time Inc. CCO and other top stories.
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