Business

Business

Spotify's founders aren't giving up control any time soon

(c) 2018, Bloomberg. Spotify’s co-founders are taking a page from the Google-Facebook playbook, with plans to maintain control over the music service after its stock listing by holding shares with super voting power, according to three people with knowledge of the matter. Chief Executive Officer...


Business

A Louisiana sheriff just denied a tax exemption for a local small business. Can he do

Special To The Washington Post. Shreveport-based Inferno Manufacturing is a 21-person maker of high pressure valves and gaskets used in the oil industry. In 2016, the company bought a $480,000 piece of machinery that it says will increase its production capabilities and also add three employees. As...


Business

Small-business sentiment is no help to investors

(c) 2018, Bloomberg View. President Donald Trump took a brief break from tweeting about Russian electoral interference (” No Collusion!”), #MeToo ( Fake News!) and gun violence ( Very Sad!) to tweet about small-business optimism. This is an issue near and dear to me, involving actual business...


Business

Soybeans could dethrone corn as U.S. crop king after 35 years

(c) 2018, Bloomberg. For the first time in 35 years, soybeans are poised to steal the crown of U.S. crop king from corn. American farmers are set to increase their soy plantings to a record 90.69 million acres, according to the average estimate in a Bloomberg survey of 21 trading firms and analysts....


Business

With Google and Amazon at $1,000, a market fixture goes hungry

(c) 2017, Bloomberg. What’s more important, being in the Dow Jones Industrial Average, or showing the world you’re too cool for conventions like splitting your shares? It’s a question that many are asking as the century-old benchmark tries to stay relevant in today’s tech-driven economy. At the...


Business

Investors abandon trapped Canada oil as pipeline woes deepen

(c) 2018, Bloomberg. Canada’s energy companies can’t get any love, even from many Canadians. With pipeline, regulatory and political frustrations reaching new heights, the nation’s energy stocks slumped to their lowest level in almost two years this month. The iShares S&P/TSX Capped Energy Index...


Business

Analysis: Mark Zuckerberg says he wants to fix Facebook. His employees keep getting in

(c) 2018, The Washington Post. SAN FRANCISCO -- Mark Zuckerberg has mandated wholesale change at Facebook after a year during which the company was rocked by Russian meddling, fake news, and controversies over its role in a democracy. But there’s an apparent gap between what the big boss wants and...


Business

Little-known startup hits $30 billion valuation

(c) 2017, Bloomberg View. China’s Meituan Dianping just became the world’s fourth-most valuable startup, reaching a $30 billion valuation that puts it ahead of high-fliers like Airbnb and Space X. Never heard of Meituan? You’re not alone. The Beijing-based company, led by Wang Xing, is almost...


Business

Expedia's new CEO aims to become household name around globe

(c) 2017, Bloomberg. Travel booking giant Expedia has websites in more than 35 languages, makes at least 40 percent of its revenue outside the U.S. and has offices in 30 different countries. Still, that’s not global enough for new Chief Executive Officer Mark Okerstrom. Okerstrom, who took over at...


Business

Pratt reins in latest threat to $10 billion jet-engine program

(c) 2018, Bloomberg. Pratt & Whitney succeeded in tamping down the latest crisis to threaten its $10 billion next-generation jet-engine program, with a temporary fix that will keep Airbus planes flying until a permanent solution is found. Pratt, a unit of United Technologies, scrapped a newly...


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