A cloud hangs over the gun industry

A cloud hangs over the gun industry

Will NRA-backed Trump actually hurt the gun industry? Stocks in gun companies have been dragged lower by a cloud of negativity after last week’s mass shooting at a Florida high school, which continues to dominate public debate. Shares of American Outdoor Brands (AOBC), the company formerly known as Smith & Wesson, have dropped 8% since → Read More

Warren Buffett is retiring from Kraft Heinz board

Warren Buffett is retiring from Kraft Heinz board

Buffett, Bezos & Dimon try to tackle health care Warren Buffett is retiring from the board of directors of Kraft Heinz, a subsidiary of his company Berkshire Hathaway. “Mr. Buffett decided to retire from the board as he decreases his travel commitments,” Kraft Heinz said in a press release on Friday. Read More

The real mastermind behind Peter Thiel's battle with Gawker

The real mastermind behind Peter Thiel's battle with Gawker

Hulk Hogan vs. Gawker: A timeline A new book about billionaire Peter Thiel’s war against Gawker includes an explosive revelation about the real mastermind behind Bollea v. Gawker, the lawsuit that bankrupted the influential media company founded by Nick Denton. Ryan Holiday reports in “Conspiracy: Peter Thiel, Hulk Hogan, Gawker, and the Anatomy of Intrigue” → Read More

Major Chinese auto exec takes stake in Daimler

Major Chinese auto exec takes stake in Daimler

The 20-foot-long 2-seat Mercedes convertible The chairman of a Chinese automaker has taken a 10% stake in German automaker Daimler AG. (DMLRY) In a filing in Germany late Friday, it was disclosed that Li Shufu, the chairman of Chinese automaker Geely, had bought 103.6 million shares of Daimler stock, worth $9 billion. Read More

Gun safety groups want Apple TV and Amazon Fire to pull NRATV

Gun safety groups want Apple TV and Amazon Fire to pull NRATV

Will NRA-backed Trump actually hurt the gun industry? Two gun safety groups want Apple, Amazon, Google and Roku to remove the NRA’s online video channel from their streaming platforms. In letters on Friday, Moms Demand Action for Gun Sense and Everytown for Gun Safety called on the companies to cut ties with NRATV because it → Read More

Waymo wants to prevent puking in self-driving cars

Waymo wants to prevent puking in self-driving cars

Driver death rate: Zero Waymo wants to make sure you never get sick in self-driving cars. A patent application published Thursday from the self-driving arm of Google’s parent company detailed an elaborate system to prevent motion sickness in its vehicles. The method involves determining routes that could minimize motion sickness. For example, sensitive passengers would → Read More

Citigroup will refund $330 million to credit card customers it overcharged

Citigroup will refund $330 million to credit card customers it overcharged

Three simple ways to pay off credit card debt Some Citigroup credit card holders might be getting a chunk of change. Citigroup Inc. (CPRS) said on Friday that it would refund about $330 million to consumers after discovering it had overcharged 1.75 million credit card accounts on their annual interest rates. The company reports the → Read More

Dropbox files for a $500 million IPO

Dropbox files for a $500 million IPO

Dropbox CEO on turning down Steve Jobs Another tech unicorn is ready for Wall Street. Dropbox, the cloud storage company, filed paperwork on Friday to raise $500 million in its long-awaited initial public offering. The amount will likely tick up, depending on investor demand. It will list on the Nasdaq under the stock ticker “DBX.” → Read More

The Kylie Jenner curse? Snapchat faces its defining moment

The Kylie Jenner curse? Snapchat faces its defining moment

Snapchat stock loses $1.3 billion after Kylie Jenner tweet Evan Spiegel became a billionaire by proving people wrong. The Snapchat cofounder was early in evangelizing the potential for sending pictures to an intimate group of friends while many wrote off his messaging app as little more than a tool for sexting. He shocked many industry → Read More

General Mills to buy Blue Buffalo pet food for $8 billion

General Mills to buy Blue Buffalo pet food for $8 billion

General Mills, which is best known for cereal brands like Cheerios and Wheaties, is branching into the fast-growing pet food business with a multi-billion dollar acquisition. General Mills announced Friday that it’s buying Blue Buffalo Pet Products (BUFF) for $8 billion. The brand makes natural food for dogs and cats. Read More

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