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Looking forward to working with a dozen directors on Tuesday; delivering a new #corpgov course for @GovInstAus
— Dr Peter Crow (@petercrow1) September 18, 2017
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September 19, 2017 at 02:30AM
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Recode |
As the merger is completed, layoffs of up to 1000 jobs at the combined AOL and Yahoo are expected
Recode According to sources, layoffs are expected to take place across AOL and Yahoo that could number up to 1,000 jobs. That is less than 20 percent of the combined company, according to sources. This action is not unexpected, given that both companies have … |
June 08, 2017 at 02:24AM
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Authored by Jesse Felder via TheFelderReport.com, ‘What is the opposite of a “margin of safety”?’ This is a question I’ve been considering because it seems that’s exactly what investors have settled for in passively…
June 05, 2017 at 02:27AM
from IWB
May 31, 2017 at 02:29AM
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President Donald Trump took to Twitter on Sunday to make a big healthcare promise that is in contradiction to his administration’s recent actions.
“I suggest that we add more dollars to Healthcare and make it the best anywhere,” Trump tweeted. “ObamaCare is dead – the Republicans will do much better!”
But both the GOP healthcare bill supported by the president, as well as Trump’s own budget, subtract from government healthcare expenditures. That has some healthcare experts concerned that the end result could leave many Americans with worse coverage than under the current system.
For instance, the Congressional Budget Office estimated that the American Health Care Act, the GOP’s bill to repeal and replace Obamacare, would decrease federal expenditures on healthcare by just under $1 trillion between 2017 and 2026.
In fact, given the procedure Republicans are using to pass their healthcare bill, the only way to increase spending would be to add significant revenue-accumulating measures.
The GOP is using the budget reconciliation process to pass the AHCA, which means the bill can avoid a Democratic filibuster in the Senate. To use this process according to Senate rules, the bill must cut at least $1 billion from the federal deficit. The AHCA is designed to go through two committees, so it has to shave $2 billion off the deficit to be considered.
Separate from the AHCA, the Trump budget also proposes to slice a large amount of spending on healthcare from current levels.
Medicaid, the National Institutes of Health, Centers of Disease Control and Prevention, and many other healthcare-focused agencies would see their budgets significantly cut under the Trump proposal.
SEE ALSO: Obamacare hasn’t collapsed, but Trump and the GOP might just make it
Join the conversation about this story »
NOW WATCH: Here are the 6 best memes from Trump’s first trip abroad
May 31, 2017 at 02:27AM
from Bob Bryan
Faraday Future, the startup vying to put its electric vehicles on the road in the next two years, has a new plan.
The company was founded in 2014 and has faced money troubles, supplier lawsuits, and high-profile executive departures ever since. Earlier this year executives told Business Insider that it’s in shambles, lacking funding and leadership.
A much-touted plant in Nevada still hasn’t emerged from the ground, and the unveiling of its new vehicle earlier this year was seen as a public relations disaster. Now, as Faraday tries to turn things around, it is hoping to raise more than $1 billion from new investors.
“We are talking to investors, pre-marketing, providing information. We’ve had a lot of due-diligence done in Gardena,” said Stefan Krause, the new chief financial officer Faraday brought on in March. Gardena is Faraday’s headquarters in the South Bay region of Los Angeles. “Within the process it’s going quite well. I’m quite satisfied.” The funds, Krause says, would let Faraday deploy a two-year plan with five major goals:
Krause says he’s mostly pitching private individuals. The company has been notoriously secretive about its funding sources. Up until now, it’s only publicly known investor was Jia Yueting, the CEO of Chinese tech giant, LeEco — which itself is struggling financially.
Jia, who goes by YT, acknowledged LeEco’s financial woes last fall and in the first half of 2017, LeEco saw its US workforce shrink dramatically. The company, known in some circles as the “Netflix of China,” recently unloaded some property in Silicon Valley amid the cash crunch.
YT, who stepped down as CEO from the publicly traded, Beijing-based Leshi Internet Information and Technology last week, is also divesting from a number of startups in which he has a stake, to help round up more cash.
“The initial funds will come from YT, through his own divestments of some of his companies,” Krause said. “So, that is money we are expecting in July and we will expect the funds from the first tranche of $500 million as we go into the third quarter,” he said.
Asked how many investors Faraday would need to reach $1 billion, he said, “We need around 10 to 15, but I cannot exclude that there might be a Chinese investor coming with a larger amount of money.”
Faraday’s spokespeople later emphasized it could receive a larger cash infusion from any of its potential investors.
Krause also suggested that the company has caught the attention of a “significant” automaker that could acquire a stake in the company, but declined to elaborate on what that means.
For his part, Krause said he is confident in Faraday Future’s prospects and emphasized in an earlier conversation with Business Insider the company’s efforts to get its financial affairs in the order for the long haul. Audits of the company’s books have been completed for 2014 and 2015, and an audit of 2016’s books is underway.
There are still plenty of unknowns. Faraday needs to secure that much-needed investor cash, keep paying its bills, and overcome negative public perceptions that have tarnished its name since the company first emerged from stealth mode in January 2016.
That says nothing of actually getting down to the work of building a car that it can sell.
SEE ALSO: Here’s everything we know so far about Faraday Future’s FF91 electric, self-driving car
Join the conversation about this story »
NOW WATCH: Buying Tesla stock is like buying a call option on Elon Musk
May 31, 2017 at 02:27AM
from Bryan Logan
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SOUTHFIELD, Mich.–(BUSINESS WIRE)–Superior Industries International, Inc. (“Superior”) (NYSE:SUP), one of the largest manufacturers of aluminum wheels for OEMs in North America and Europe, announced today that it had concluded its tender offer for the purchase of shares of UNIWHEELS AG (“UNIWHEELS”), for an aggregate consideration of $714.7 million, financed through approximately $670 million of newly funded debt, as well as $150 million of Preferred Equity. “The conclusion of the tender offe
May 31, 2017 at 02:29AM
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It’s important to ask the right questions before you make your big retirement decision
May 31, 2017 at 02:23AM
from Robert Laura, Contributor
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BRAZIL’S BOVESPA CLOSED AT 63,971.29, UP +0.33%
The material has been provided by InstaForex Company – www.instaforex.com
May 31, 2017 at 01:51AM
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FORT WORTH, Texas–(BUSINESS WIRE)–FirstCash, Inc. (the “Company”) (NYSE: FCFS) announced today that the term of the Company’s $400 million long-term, unsecured bank credit facility was extended through September 2, 2022. The financial covenants in the facility were also amended to provide greater capacity for making future share repurchases. Rick Wessel, chief executive officer of First Cash, stated, “The extension of the credit facility into 2022 provides over five years of long-term committ
May 31, 2017 at 02:29AM
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One of the greatest collections of unopened baseball, football, and basketball card packs was recently found in an aunt’s attic.. Between the box of 1948 Bowman baseball, worth $500,000 on its own, and all the other packs, the collection may well top $1 million
May 31, 2017 at 02:23AM
from David Seideman, Contributor
RIDGELAND, MS, May 30, 2017 /PRNewswire/ – FRANCHISE SERVICES OF NORTH AMERICA INC. (“FSNA” or the “Company”) (FSN.V) announced today its financial results for the quarter ended March 31, 2017. Revenue and loss from continuing operations for the quarter…
May 31, 2017 at 02:30AM
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Investing and positioning for market recovery
Suite renovation and upgrade packages remain key to Resident value and reduction of incentives and vacancy
Demand for renovation and upgrade packages has increased occupancy…
May 12, 2017 at 02:30AM
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