Meredith Corporation (MDP) traded on unusually high volume on Jun. 04, as the stock lost 3% to close at $48.55. On the day, Meredith Corporation saw 1.11 million shares trade hands on 8,780 trades. Considering that the stock averages only a daily volume of 655,008 shares a day over the last month, this represents a pretty significant bump in volume over the norm. READ MORE
Microsoft will spend a whopping $7.5 billion to buy GitHub, a startup at the center of the software world
Microsoft is buying GitHub, a massive software-development platform with 24 million users, for $7.5 billion.
The deal is expected to pass regulatory review and close by the end of 2018. GitHub's most recent private valuation, as of 2015, put the software company at about $2 billion, after raising $350 million in venture capital since its founding in 2008. READ MORE
Wells Fargo Exposing Itself To Potential Losses For Near-Term Gains By Expanding Auto Business
Wells Fargo is looking to grow its auto lending business again, after spending the last two years shrinking the unit. Wells Fargo slashed its auto loan portfolio over 2016-2017 primarily due to a sharp increase in charge-off rates from an increase in sub-prime auto lending. The U.S. banking giant continued to divest its auto loans early this year with the sale of its auto finance business in Puerto Rico (Reliable Financial Services) to Banco Popular de Puerto Rico. READ MORE
Wells Fargo’s Timeout, Lobbying Largesse
It just got a little harder for Wells Fargo to get out of the penalty box. The Federal Reserve in February barred Wells from increasing its assets until it develops a plan to prevent future customer abuses. READ MORE
Apple made more profit in three months than Amazon has generated during its lifetime
One word may explain Warren Buffett's investment decisions on Apple and Amazon: profit.
Last week Buffett both lamented on not investing in Amazon shares and revealed how he added massively to Berkshire Hathaway's stake in Apple. READ MORE
Public Pension Fund Files Complaint Against Wells Fargo Over Compensation Received
The bank admitted that because of “a system error,” revenue sharing payments were not credited to the retirement fund, but says the error has been fixed. READ MORE
Kemin Nutrisurance Adds "Health and Nutrition" Product Segment to Better Serve Pet Food Industry
Kemin Nutrisurance, the pet food and rendering technologies division of Kemin Industries, a global nutritional ingredient company that uses science to touch 3.8 billion people every day with its products and services, recently expanded its innovative product range, which addresses freshness, food safety, palatability and now, health and nutrition. READ MORE
Aegon conquered by UK bank holiday IT upgrade: Some users can't log on
Some customers of life insurance, pensions and asset management biz Aegon have been unable to log into their accounts following an IT upgrade over the bank holiday weekend. READ MORE
Your boss wants you to take a vacation
America's workers are leaving vacation time on the table, and they're paying a price for it. According to Project: Time Off's latest State of American Vacation 2018, the American workforce gave up 705 million vacation days last year alone. READ MORE
Meredith swings to loss after Time deal
Meredith Corp. MDP, +0.68% on Thursday gave its first quarterly report since closing its acquisition of Time Inc. Here's what you need to know: READ MORE
Wells Fargo’s 401(k) Practices Probed by Labor Department
The Labor Department is examining whether Wells Fargo WFC -0.92% & Co. has been pushing participants in low-cost corporate 401(k) plans to roll their holdings into more expensive individual retirement accounts at the bank, according to a person familiar with the inquiry. READ MORE
Deere to build new test lab at Iowa State University
Deere & Co. announced plans Wednesday to build a new design and test lab at Iowa State University Research Park, Ames, to test its agricultural spraying and applications technologies.
The 33,000-square-foot facility is expected to be completed by the summer of 2019. The investment was not disclosed. READ MORE
Time Inc. Saw a Hopeful Future With Meredith. Now They’re Seeking a New Savior.
Usually, for the scribes lucky enough to go, the Time 100 Gala is a chance to score selfies with selected A-listers and indulge in top-shelf liquor at an open bar.
But at this year’s event, which is on Tuesday, employees of the nation’s most famous newsweekly may come armed with another mission: sidling up to one of the black-tie billionaires in attendance and convincing them of how much fun it would be to stop being a guest at the annual fête at Lincoln Center and to start putting the party on themselves. READ MORE
Wells Fargo blasted by shareholders for series of abuses
"This company has harmed and wounded millions of its customers," activist shareholder Sister Nora Nash said at the bank's annual shareholder meeting.
Demonstrators gathered outside the meeting in Des Moines, Iowa, to protest Wells Fargo's various scandals as well as its financing for fossil fuel projects and gun manufacturing. READ MORE
Harley-Davidson to give free motorcycles to summer interns
Motorcycle enthusiasts and social media gurus looking for a different kind of summer internship could be riding high on their own – free – Harley-Davidson. READ MORE
Angry shareholders and protesters are ready to unload on Wells Fargo
The embattled bank is bracing for another hostile crowd on Tuesday, when it holds its annual shareholder meeting in Des Moines, Iowa, for the first time. At last year's, an activist shareholder was kicked out after an outburst that halted the meeting. READ MORE
Google loses 'right to be forgotten' legal battle
A UK judge has ordered Google to remove old articles about a businessman's past crime from its search results, dealing a blow to the tech company in its legal battle over Europe's "right to be forgotten" law. READ MORE
Wells Fargo could face $1 billion penalty for auto and mortgage abuses
Wells Fargo may pay a $1 billion penalty for forcing customers into car insurance and charging mortgage borrowers unfair fees. READ MORE
Wells Fargo shares fall on fears strong first quarter profit may be reduced
Wells Fargo's earnings beat expectations Friday, but the bank emphasized that the results could be revised depending on the outcome of talks with regulators over a possible $1 billion settlement.
The bank reported a 5.5 percent gain in first-quarter profit. Net income was $5.9 billion, or $1.12 a share beat the average analyst forecast of $1.06 from Thomson Reuters. READ MORE
Scouting Technology Helps Retailers Build Out Services
The team at Donovan Farmers Co-op has found success in using multiple tools to bring together a technology package to better serve its farmers with pest management tools.
“The more we adopt technology shows farmers that we are trying to provide better service,” says Craig Mackey agronomy manager at Donovan Farmers Co-op. “At the same time, technology is putting a lot of tools at our fingertips. We know we’ve found a useful tool when we can say, ‘I wish we had this last year.’” READ MORE