Latest news from NYPost-Business feed

Latest news from NYPost-Business feed

  1. Snapchat’s Ferris wheel throws Cannes Lions for a loop

    06.19 / 22:12 nypost.com NYPost-Business
    Snapchat’s Ferris wheel at Cannes Lions was the talk of the night at Hearst’s annual dinner at the Eden Roc Grill on Sunday. We hear the bright-yellow wheel, which is open to the public, took seven months of intense planning with lawyers to get it into place. The luminous carnival ride, complete with the Sna…
  2. Pharma bro wants bail reduced so he can start paying off debts

    06.19 / 22:12 nypost.com NYPost-Business
    “​Pharma​ Bro” Martin Shkreli wants his $5 million bail reduced to $2 million so he can start paying off his debts because he’s broke, his lawyer argued in Brooklyn federal court Monday. “He doesn’t have any cash,” said his attorney Benjamin Brafman, arguing that the funds are needed to pay legal fees, accounting fees and…
  3. Elizabeth Warren asks the Fed to clear out Wells Fargo’s board

    06.19 / 21:14 nypost.com NYPost-Business
    It’s Warren vs. Warren at Wells Fargo. US Sen. Elizabeth Warren (D-Mass.) called on the Federal Reserve on Monday to clear out the board of Wells Fargo over the fake-accounts scandal — asking the central bank to override the bank’s biggest shareholder, Warren Buffet. Warren, one of Wall Street’s most prominent critics, wrote in the…
  4. Fanduel and DraftKings to appeal FTC’s bid to block merger

    06.19 / 19:20 nypost.com NYPost-Business
    FanDuel and DraftKings are planning to hit back at government attempts to block their controversial merger, The Post has learned. A November agreement to merge the two dominant daily fantasy sports sites attracted lawsuits Monday from the Federal Trade Commission, as well as the California and DC attorneys general, who argued that it would…
  5. John Paulson joins Valeant’s board despite heavy losses

    06.19 / 17:09 nypost.com NYPost-Business
    Billionaire John Paulson is doubling down on Valeant Pharmaceuticals. The hedge-fund tycoon said Monday he is joining the board of the scandal-ridden pharma giant — despite the fact that he’s lost nearly $2 billion on the company’s shares thus far. The move comes just three months after fellow hedgie Bill Ackman of Pershing Square sold…
  6. These companies are going to the dogs

    06.19 / 09:05 nypost.com NYPost-Business
    When Tim Bailey commutes every morning to his shared workspace at Bond Collective, he sports a sling nestling his two wiener dogs, Zeek and Zaidee. “They’re often greeting visitors and I honestly think they’re the reason why potential clients sign,” the Crown Heights resident notes . “They’re my closers. They often say, ‘You had me…
  7. Banks make it nearly impossible to re-open hacked accounts

    06.18 / 19:23 nypost.com NYPost-Business
    Dear John: I have been a customer of Chase Bank for 30 years and am a member of its private banking division. Recently, I found out that someone hacked into my four accounts and used all my full account numbers — not my ATM card number — to open a PayPal account. Fortunately, I fou…
  8. Here’s why veterans make amazing medical professionals

    06.18 / 19:23 nypost.com NYPost-Business
    When Rego Park resident Matthew Smith attended boot camp in 2012 as a Navy hospital corpsman, a profound sight made him stop in his tracks. “Four servicemen were wheeled out by their wives. They must have been fresh from Afghanistan, and were missing at least two limbs apiece.” Smith also observed the servicemen managed to…
  9. I’m a recent college grad, how do I land a job?

    06.18 / 19:23 nypost.com NYPost-Business
    I am a 2016 graduate and have experienced a hard time with landing an entry-level job in my field. Do you have any tips to getting my foot in the door, or any suggestions on companies I should be applying to? One mistake recent grads make is thinking that the first job has to…
  10. UFC plans to add real-time, MLB-style stats to broadcasts

    06.18 / 18:26 nypost.com NYPost-Business
    Mixed Martial Arts junkies are soon going to get MLB-style stats illustrating just how tough the fighters are. That’s according to a new plan outlined by UFC and owner WME/IMG as the two plan to grow a data business — and possibly gaming — alongside the rough-and-tumble sport. Speaking at a session at the Canne…
  11. Discount cards offer wildly differing prices on prescription drugs

    06.18 / 12:45 nypost.com NYPost-Business
    This is an expensive pill to swallow for discount drug store consumers. The pharmacy prices on a variety of well-known prescription drugs bought with a discount card could be making some patients sick to their stomachs, with store prices varying by as much as hundreds of dollars — for the same quantities of the s…
  12. Bankers, media experts join forces at annual Cannes Lions

    06.18 / 10:56 nypost.com NYPost-Business
    The annual Cannes Lions ad festival and conference kicked off this weekend, bringing a host of bankers and media business folks to the Cote d’Azur — and perhaps pre-empting the dealmaking at Allen & Co’s July 4 mogul get-together in Sun Valley, Idaho. As the traditional media business moves to mobile, both advertising and data…
  13. ‘ANTM’ judge Nigel Barker is the new face of Invivo Wines

    06.18 / 07:47 nypost.com NYPost-Business
    Former “America’s Next Top Model” judge Nigel Barker thinks he may have been a wine smuggler. Barker, who just signed on to be the US face of New Zealand’s Invivo Wines, tells On the Money he traveled a lot for the show, and always took an interest in wine wherever he went. On one trip…
  14. Mirror Awards turn nasty as columnist slams New York Times

    06.18 / 07:47 nypost.com NYPost-Business
    Last week’s Mirror Awards honoring media journalism, held at Cipriani 42nd Street, turned nasty, with The Nation media columnist Eric Alterman throwing some tough punches at the New York Times. Alterman picked up an award for his piece on “false equivalency” at the Gray Lady. False equivalence is a term for putting two sides on…
  15. Uber’s board allowed total lack of ‘very basic HR functions’

    06.18 / 05:51 nypost.com NYPost-Business
    What is going on in the boardrooms of Silicon Valley? Last week Uber CEO Travis Kalanick needed to temporarily step away from the company he founded because of unruly conduct at the firm, where the pervasiveness of inappropriate behaviors were confirmed by former Attorney General Eric Holder’s report. The Uber report showed the board a…
  16. Social media could cost you your dream job

    06.18 / 04:55 nypost.com NYPost-Business
    Big Brother may or may not be watching you, but there is an increasing likelihood that prospective employers are — at least when it comes to your social media persona. With graduation season upon us, many former students are posting their grad party exploits, much to the amusement of their friends on Facebook and o…