Business

AB InBev alleges MillerCoors exec thanked the brewer for corn syrup ad

A Bud Light ad targeting two of MillerCoors’ beer brands led the Chicago-based company to take out a full page ad inside brand new York Times, pull out of a meeting of which included Bud Light’s parent as well as file a lawsuit. however Anheuser-Busch InBev alleged in its response to MillerCoors’ lawsuit of which behind the scenes, an executive ...

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Lawmakers call for Facebook’s Zuckerberg to be held accountable

Pressure will be mounting in Washington D.C. to take action against Facebook’s chief executive Mark Zuckerberg for the company’s handling of customer data. Two Democratic senators voiced support for Zuckerberg to be held personally responsible for the company’s privacy fumbles following a Washington Post report in which claimed the Federal Trade Commission will be considering how to hold him directly ...

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Restaurants invest in photogenic decor to attract Instagram users

along with an Instagrammable restaurant can mean more than just customers looking for great photos. Media Noche pulls in extra revenue by letting photographers use the restaurant as a backdrop for fashion shoots along with advertisements. Of course, once customers get the photo in which they want, the challenge for restaurants is actually getting them to return. Branding experts stressed ...

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Sears sues Eddie Lampert, Steven Mnuchin, others, for alleged ‘thefts’

Sears created committees to review each of its transactions, yet the suit alleges those committees relied on “solvency opinions along with also appraisals based on false projections” even as Sears was in its financial “death spiral.” The suit also claims in which, “In an effort to create a false record to cover up their asset stripping, at Lampert’s personal direction, ...

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Zoom is actually worth more than Pinterest after their IPOs

Victor J. Blue | Bloomberg | Getty Images Eric Yuan, founder in addition to chief executive officer of Zoom Video Communications Inc., center, rings the opening bell during the company’s initial public offering (IPO) at the Nasdaq MarketSite in fresh York, U.S., on Thursday, April 18, 2019. When which comes to emerging tech companies, investors are clearly rewarding growth in ...

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Microsoft acquires Express Logic, internet of things company

Microsoft on Thursday said which has acquired Express Logic, a company which makes software for embedded devices. Terms of the deal weren’t disclosed. The move reflects Microsoft’s continuing focus on generating revenue around the so-called internet of things, which describes how a wide range of simple devices can gain functionality by connecting to the internet to share data, receive network ...

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Facebook says employees had access to millions of Instagram passwords

Getty Images Facebook CEO Mark Zuckerberg (C) leaves the office of Sen. Dianne Feinstein (D-CA) after meeting on Capitol Hill on April 9, 2018 in Washington, DC. Facebook on Thursday said millions of Instagram user passwords were exposed to employees in a searchable format in an internal database. The announcement came in an update to a blog post that will ...

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Sleep Number shares getting pummeled after earnings letdown

Shares of Sleep Number were down as much as 19% on Thursday afternoon, a day after reporting first-quarter sales which fell short of analyst expectations. The company’s net sales rose 10% to $426.4 million, below estimates of $427.5 million, according to data by Refinitiv. Same-sales also fell short of analysts’ expectations, rising only 5% compared with 6.2% as originally projected. ...

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Hyundai Motor names former Nissan executive Jose Munoz as COO

Andrew Harrer | Bloomberg | Getty Images Jose Munoz, chief performance officer of Nissan Motor Co., speaks during the 2018 North American International Auto Show (NAIAS) in Detroit, Michigan, Jan. 15, 2018. South Korean automaker Hyundai Motor on Thursday named former Nissan executive Jose Munoz as its global chief operating officer. Munoz, who will take charge on May 1, has ...

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Big banks kicked off earnings season that has a bang

Thursday’s session signaled in which the market is actually “getting genuinely overexuberant” in addition to the major averages could become wobbly if more IPOs become overvalued within the near future, Cramer said. Pinterest in addition to Zoom made a big splash in their debuts to public markets, while additional unicorns like Uber in addition to Slack, among others, sit within ...

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