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Women are more at risk of losing their jobs thanks to tech, WEF says

“Women whose jobs are at risk of being lost have fewer opportunities to transition to more high-skilled occupations, the report highlighted” writes Ryan Browne for cnbc.com. According to research released Monday, 57 percent of the 1.4 million U.S. jobs at risk of being displaced by automation in the next eight years belong to women.The combination of reskilling and moving into new careers would increase the pay of women whose jobs are at risk by 74 percent, WEF said, versus a 53 percent increase for men. Source: cnbc.com Share This:

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California considers ‘green banking’ as it transitions to fully legal pot

“Brown is not the only official concerned about the lack of banking for the cannabis industry” writes Patrick Mcgreevy for latimes.com. The green banking proposal: To designate one bank as a central correspondent bank that would hold accounts from other banks that are doing business with marijuana firms.Starting Jan. 1, it will be legal to grow and sell marijuana for recreational and medical uses.The Brown administration has consulted with federal officials on its proposal and has incorporated some suggestions from Washington, Williams said.Marijuana remains illegal under federal law so federally…

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BuzzFeed to lay off 100 employees, President Greg Coleman transitions to advisory role

“BuzzFeed is laying off around 100 employees as it reorganizes the business team that leads its advertising sales efforts, The Hollywood Reporter has confirmed” writes Aol Staff for aol.com. As part of the changes, BuzzFeed president Greg Coleman will leave his post and become a senior advisor to the company, a role he previously held before taking on a full-time position with BuzzFeed.BuzzFeed also plans to expand its product business in 2018 and will work with BuzzFeed Media Brands on ways to extend those properties into physical goods. Source: aol.com Share…

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GKN margins squeezed by North America challenges

“GKN PLC (GKN.LN) said Friday that third-quarter margin performance was lower than the comparable period a year earlier, mainly due to program transitions and operational challenges in its Aerospace North America division” writes Dimitrios Kontos for marketwatch.com. The company said that it expects to have to provide for two unexpected claims, which it said were commercially sensitive, and could result in a charge of around 40 million pounds ($52.9 million) in the fourth quarter.The engineering business, which serves the aerospace and automotive markets, said that it expects pretax management profit…

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Markets News 

Disney upgraded at Wells Fargo as TV landscape transitions to direct-to-consumer streaming

“Ryvicker upgraded Disney shares to outperform from market perform” writes Trey Williams for marketwatch.com. Shares of Viacom have declined close to 22% in the year to date, while Disney shares are down nearly 2% and the S&P 500 index SPX, -0.48% is up more than 10%. Source: marketwatch.com Share This:

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Video game maker Take-Two Interactive’s growth looks positive as it transitions to digital distribution

“TTWO, +1.78% is in the midst of a transition to digital distribution that gives the company a positive outlook on future growth, according to Benchmark analyst Mike Hickey” writes Trey Williams for marketwatch.com. Hickey wrote that Take-Two is in the early days of its transition to delivering games digitally, which is the result of a broader industry trend that has impacted retailers of physical games, such as GameStop Inc. Source: marketwatch.com Share This:

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