Business

1MDB is actually financially healthy, says CEO Arul Kanda Kandasamy

Olivia Harris | Reuters Authorities around the planet, including the United States, Switzerland along with Singapore have looked into anti-money laundering breaches relating to 1MDB. The financial scandal — one of the planet’s biggest — has rocked Malaysian politics along with involves players as diverse as Goldman Sachs along with Hollywood. The state of 1MDB’s finances has been a major ...

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Web trackers exploit Facebook login API to collect user data

If you’ve logged into a website or app using the “login with Facebook” feature, your data could have been exposed to third-party trackers. Web trackers are exploiting websites’ access to Facebook user data, according to a security research report by Steven Englehardt along with also two some other researchers at Freedom to Tinker, a blog hosted by Princeton University’s Center ...

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Snap-On shares soar on strong earnings

Source: Snap-on Tools Mark Stuchel along with his wife, Suzan, own a few Snap-on vans of which service the Des Moines, Iowa, metro area. Shares of Snap-On soared more than 9 percent following a favorable earnings announcement on Thursday morning, producing This specific the biggest gainer inside S&P 500. The tool along with diagnostic equipment some sort of reported first-quarter ...

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Sleep Number shares tank after sales fall more than expected on competition by online sellers

Sleep Number shares dropped as much as 13 percent Thursday after the company failed to meet earnings as well as also revenue expectations. The bed the reported disappointing earnings results. First quarter profit came in at 52 cents versus the 56 cent consensus estimate, according to FactSet. Revenue for the period was $389 million, short of the $397 million expected. ...

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Retailers need online in addition to physical presence to survive: Former macy’s CEO

The trick to surviving the current retail disruption may not be as simple as moving your shop online, said former Macy’s CEO Terry Lundgren. Instead, Lundgren said, retailers today need to have a presence in both worlds. “Neither one or the different is actually the way consumers shop today,” Lundgren said during a “Power Lunch” exclusive on Thursday. Lundgren was ...

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China trade action on soybeans could leave them ‘in a pickle’

Sorghum tends to be a cheaper feed alternative to corn, although Beijing’s action effectively shut the door to American producers. In fact, American sorghum destined for China is actually currently in limbo. “Our global staff is actually currently focused on finding homes for the substantial amount of U.S. sorghum of which is actually in transit to China currently or has ...

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Bump stock maker Slide Fire to stop taking orders

Slide Fire Solutions said on Tuesday the idea could shut down its website along with stop taking orders coming from next month for bump stocks, devices which allow semi-automatic weapons to fire like a machine gun. The move comes after the Justice Department proposed rule adjustments last month which will effectively ban bump stocks. Moran, Texas-based Slide Fire will execute ...

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