Crypto News 

Coinbase’s founder has a warning for bitcoin investors: ‘Invest responsibly’

“A new signpost was added to the crazy financial ride known as bitcoin on Friday when Coinbase, arguably the best-known bitcoin broker on the market, sent a warning message to investors: “Please invest responsibly.”” writes Re Code Net for cnbc.com. “We also wanted to remind customers of some of the risks associated with trading digital currency,” Coinbase CEO Brian Armstrong wrote in a blog post.One bitcoin was worth $1,000 in January. Source: cnbc.com Share This:

Read More
News 

What Forrest Claypool did that cost him his job as Chicago schools CEO

“Claypool and Marmer first worked together more than three decades earlier, when Claypool landed his first job after passing the bar, with the law firm Jenner & Block” writes Dan Mihalopoulos Lauren for suntimes.com. Shortly after taking the CEO’s job at the schools in 2015, Claypool arranged for the Chicago Board of Education to hire Marmer as general counsel.On March 1, 2016, Mehrberg sent a message to Claypool from his new job: “I started at Jenner today. Source: suntimes.com Share This:

Read More
Crypto News 

Video: Southwest Airlines CEO Gary Kelly on When Airlines Might Accept Bitcoin

“Will consumers be able to pay for airfare with bitcoin?” writes Scott Gamm for thestreet.com. TheStreet asked Southwest Airlines (LUV) CEO Gary Kelly: “It’s hard to envision, but it is astounding how fast [bitcoin] has moved and we’ll just have to wait and see on that front,” he said.On Friday, bitcoin hovered near $15,150, down from its peak of almost $19,700. Source: thestreet.com Share This:

Read More
Markets News 

Steinhoff shares drop 80% this week after investigation, CEO departure

“Steinhoff shares plunged another 50 percent on Friday, before recovering as traders booked profits on short positions taken out after the South African retailer disclosed accounting irregularities earlier this week” writes Simon Dawson for cnbc.com. Short-sellers borrow shares for a fee and sell them into the market, in the hope of repurchasing them at a lower price and pocketing the difference.The cost for short-sellers to borrow shares for a year has more than doubled from its twelve-month average of 1.4 percent to 3.1 percent, according to Astec, another data provider. Source:…

Read More
News 

Ex-LafargeHolcim CEO Olsen placed under formal investigation in France

“PARIS (Reuters) – The former Chief Executive of Franco-Swiss cement group LafargeHolcim , Eric Olsen, was placed under formal investigation on Thursday as part of an inquiry into the group’s activities in Syria, a source with the prosecutor’s office said” reports businessinsider.com. Prosecutors had launched an investigation in June into LafargeHolcim’s operations and its possible “financing of a terrorist enterprise”. Source: businessinsider.com Share This:

Read More
News 

Billionaire CEO Michael Dell tells his employees, ‘Be willing to break things, make stuff happen’

“In the most recent financial quarter, Dell Technologies saw more than $19 billion in revenue, according to the company’s financials” writes -michael Dell for cnbc.com. That’s how the company started,” says Dell, speaking at the Built to Adapt conference put on by software company Pivotal Monday in San Francisco. Source: cnbc.com Share This:

Read More
Markets News 

‘You miss the picture’ in China if you don’t look at the high-end consumer, Anheuser-Busch says

“That strategy of focusing on the high-end of the market appears to be paying off: AB InBev’s revenue in China grew 4.6 percent in the third quarter” writes Akiko Fujita for cnbc.com. Corona and Stella Artois, classified as “super premium” brands by the company, have recorded double digit growth since they were launched there in 2014. Source: cnbc.com Share This:

Read More
News 

China’s goal to become an innovation hub is good news for Germany’s Merck

“One common gripe many foreign companies have when it comes to doing business in China is around intellectual property theft” writes Martin Leissl for cnbc.com. The latter two business units help to make Chinese companies more competitive, Merck KGaA Chairman and CEO Stefan Oschmann told CNBC on Thursday on the sidelines of the Fortune Global Forum in Guangzhou, China. Source: cnbc.com Share This:

Read More