Sega Sammy Holdings has made an offer to acquire the Angry Birds mobile game creator Rovio Entertainment, which admitted being in talks over a possible offer. The Wall Street Journal had earlier reported on April 14 that a potential $1 billion deal between the two companies was close. The Japanese company confirmed its bid to buy the…
Retiring? If You Need a Home Loan, Get One First
Retired engineers Kelly and Derek Barkey assumed they would be approved when they applied for a $50,000 home equity line of credit two years ago to fix up their new house. The Barkeys, now 56 and 59, had just sold their longtime home in Southern California and paid cash for a house worth about $850,000…
JPMorgan Posts Record Revenue and 52 Percent Profit Jump
April 17, 2023
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JPMorgan Chase posted record profits and an overall boost in revenue in the first quarter, in the face of recent turmoil in the banking sector last month. The better than expected April 14 earnings report beat most analysts’ estimates for the quarter, as depositors placed their money into the larger banks in the wake of the industry’s…
Saudi Prince Gives 4 Percent Aramco Stake to Public Investment Firm
April 16, 2023
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DUBAI, United Arab Emirates—Saudi Arabia’s crown prince announced Sunday the transfer of a 4 percent stake of the oil giant Saudi Aramco to a subsidiary of the kingdom’s sovereign wealth fund, further boosting its coffers as the kingdom tries to expand its economy beyond oil. Crown Prince Mohammed bin Salman’s decision, announced by the state-run…
US Purchases of Chipmaking Machines Soars to Record High
April 14, 2023
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American purchases of computer chip-making machines from Taiwan rose to a record high in March as the United States continues to rebuild its domestic semiconductor industry. Taiwan Semiconductor Manufacturing Co. (TSMC) and several other major producers in Taiwan are vital players in the global supply chain of computer chips. Taiwan, the world’s largest producer of…
Shareholders Charge Political Bias at PayPal
April 13, 2023
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The Securities and Exchange Commission (SEC) sided with conservative investors this week in their request to investigate what they say is PayPal’s systematic political and religious discrimination against customers. Over the objections of PayPal’s management, the SEC allowed a proposal by the National Center for Public Policy Research (NCPPR) to go to a shareholder vote…
SEC Sides With Conservative Investors Charging Discrimination at PayPal
April 13, 2023
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Business & MarketsCompaniesCorporate Equality indexHuman Rights CampaignInvestmentJPMorgan ChaseMedia & Big TechPayPalpersonal financepolitical discriminationviewpoint diversity
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The Securities and Exchange Commission (SEC) sided with conservative investors this week in their request to investigate what they say is PayPal’s systematic political and religious discrimination against customers. Over the objections of PayPal’s management, the SEC allowed a proposal by the National Center for Public Policy Research (NCPPR) to go to a shareholder vote…
Conservative Shareholders Charge Discrimination at PayPal
April 13, 2023
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Business & MarketsCompaniesCorporate Equality indexHuman Rights CampaignInvestmentJPMorgan ChaseMedia & Big TechPayPalpersonal financepolitical discriminationviewpoint diversity
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The Securities and Exchange Commission (SEC) sided with conservative investors this week in their request to investigate what they say is PayPal’s systematic political and religious discrimination against customers. Over the objections of PayPal’s management, the SEC allowed a proposal by the National Center for Public Policy Research (NCPPR) to go to a shareholder vote…
Anheuser-Busch Lost Over $6 Billion in Market Value After Transgender Controversy
April 13, 2023
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Anheuser-Busch, the parent company of Bud Light, has lost more than $6 billion in market value after controversially hiring transgender social media personality Dylan Mulvaney to promote its beverage. Shares of the beer company have crashed by almost 5 percent since the start of April, after a nationwide backlash among its customer base, which normally…
Fed Expects Banking Crisis to Trigger Recession Later This Year, Minutes Reveal
Federal Reserve staff are projecting that the banking crisis would trigger a recession later this year, minutes from the March Federal Open Market Committee (FOMC) policy meeting revealed. As expected, the turmoil in the banking sector was the main focus of last month’s policy meeting, with many Fed participants expressing concern that the collapse of…
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