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business

1. Starbucks executive chairman and former CEO Howard Schultz retires from the company.

January 2008.Shaking Up ManagementAnemic sales at Starbucks had led to the company's stock losing half its value in a single year, so Mr. Schultz fired James L. Donald, the chief executive, and installed himself in the top seat. Last year, Mr. Schultz said that China would eventually be a larger market for the company than the United States. June 2012.Muffins, Tea, JuiceThe company began looking beyond Frappuccinos, buying the parent company of bakery brand La Boulange.


2. Toshiba sells PC business to Sharp for $36 million

Toshiba has agreed to sell its personal PC business to Sharp in a move which could see Sharp return to the PC market. According to a statement revealing the purchase, the PC business was first transferred to Toshiba Client Solutions in 2016 as part of Toshiba's structural reform. Toshiba was left with a $6.3 billion write down, thereby forcing the company to shave away weak parts of its business - such as the PC business - as well as sell off Toshiba Memory, one of the company's most valuable assets.


3. After $63 billion takeover, Bayer is retiring the controversial Monsanto name

FRANKFURT - Germany's Bayer will wrap up the $63 billion takeover of Monsanto on Thursday and also retire the U.S. seeds maker's 117 year-old name. "Bayer will remain the company name. Monsanto will no longer be a company name. The acquired products will retain their brand names and become part of the Bayer portfolio," it said. The companies' separately listed Indian units, Bayer CropScience Ltd. and Monsanto India Ltd., will continue to operate independently for the time being, Bayer said in a separate statement.


4. Koch network announces plan to oppose Trump tariffs

The political network backed by the Koch brothers is launching a multiyear, multimillion-dollar campaign to oppose President Trump's push to slap billions of dollars in tariffs on imports from around the world. The announcement Monday by three groups funded by the billionaire industrialists comes days after the Trump administration imposed new levies on steel and aluminum imports from the European Union, Canada and Mexico and threatened to press ahead with $50 billion in tariffs on Chinese products. The tariff decision elicited outcries from allies abroad and domestic business groups - but arguably none more influential among conservatives than the Koch network.


5. What the Hell Happened at General Electric?

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6. Uber CEO Wants Employees to ‘Have the D’

Dara Khosrowshahi, the CEO Uber brought in after Travis Kalanick was so bad at running his company that an internal probe conducted by former Attorney General Eric Holder found that removing him from power was vital to fixing the company, would like his employees to "Have the D." A phrase Khosrowshahi is, according to a report from Business Insider, apparently fond of using, despite it's, uh, similarities to another phrase that feels decidedly more like the Uber that Uber is trying hard not to be anymore. For that reason, Khosrowshahi tells employees how they should assert control in meetings. "As you may have read, Uber is now run by your dad - so, no, that interpretation was lost on him, but he appreciates Business Insider pointing it out," an Uber spokesperson said of the memo.


7. McAfee Running for President in 2020

After promoting a McAfee coin, creating a declaration ofcurrency independence, and releasing a video indicating that there was a "War" between fiat currency institutions and regular civilians, one could be forgiven for believing that John McAfee had created enough controversy for a whole year. Less than a week after releasing his video about a war on cryptocurrencies, it appears that McAfee is now considering a run for President in 2020. The declaration of currency independence, the video, and the MRU were most likely strategic precursors to his announcement to run for President in 2020.


8. BangBros.com Buys Penthouse Magazine For $11.2 Million

Iconic men's magazine and porn empire Penthouse just sold at auction for $11.2 million and they're going to need to add some extra parking for the new owner's bus. We're told the company outbid Hustler and the parent company of High Times for a final purchase price of $11.2 million. The Penthouse lot included much, much more than 50 year's worth of porno mags - according to an auction notice, Penthouse brings in roughly $10 million annually between its four divisions: publishing, broadcasting, licensing and digital.


9. WhatsApp founder plans to leave after broad clashes with parent Facebook

Acton and Koum acquiesced, enabling Facebook to recommend that users' WhatsApp contacts become their Facebook friends and making it possible for Facebook to collect more data about those relationships. The service still has no ads, but WhatsApp has embarked on experiments to make money: In January, Facebook rolled out a tool, called WhatsApp Business, to allow businesses to create a profile and send messages to their customers on WhatsApp. Other WhatsApp employees are demoralized and plan to leave in November, four years and a month after the Facebook acquisition, when they are allowed to exercise all their stock options under the terms of the Facebook deal, according to the people.


10. Burger King Video Shows Mice Racing on Sesame Buns, Rodent Droppings Found

A Delaware Burger King briefly closed down after a short video showed a pair of rodents racing around on top of the fast-food chain's packaged sesame seed buns. The video posted to Facebook on Thursday by Wilmington resident Shantel Johnson warned the nearly 700,000 viewers "Don't go to Burger King on 202" along with a skull and crossbones and a pair of mouse emojis. A Delaware Burger King briefly closed down after a brief video showed a pair of rodents racing around on top of the fast food chain's packaged sesame seed buns.


11. Beware of MBAs! The business school curriculum teaches how to suck at startups

A good way to understand why MBAs are damaged goods for startups is to understand the actual curriculum. The only accounting you need is to know how many users are out there, how much it costs to acquire a user, and how much money you'll have from that user. MBAs will generally know how to read WalMart's annual report but will be lost in the complexities of a cap table.


12. What Are The Most Stressful Jobs In The World? List 10 Professions

Below is a list of works that are considered by many to be the most stressful. We chose them based on the risks and related ones; dangers, requirements, the degree of control that a given person has over the work performed, the responsibility and the number of hours to be worked. It all makes the work of the waiter really stressful.


13. How Blockchain Facilitates the Sharing of Intellectual Property

One area of interest is how blockchain technology can facilitate the sharing of IP. IP is vulnerable, so owners are cautious. The advent of blockchain technology and smart contracts provides an opportunity to improve how the M&A space operates. How blockchain facilitates the trade of IP. Currently, businesses looking to sell or license IP would have to use their own networks and search for a buyer themselves.


14. Business Etiquette Musts for Your Next Client Meeting

For global business meetings, it can be trickier, since etiquette practices differ, depending on the country you're visiting. If you're the one choosing the meeting place, your decision can tell your guests about who you are and how you do business. "We always follow up on next steps right after the meeting to show that we are serious about moving forward and on top of moving things along," Spritzer said.


15. Why Microsoft is Acquiring GitHub

Microsoft Acquiring GitHub is a Milestone in Software DevelopmentMicrosoft has reportedly been working hard over the past years on its relationship with Windows developers. Acquiring GitHub could give Microsoft unique insights and relationship opportunities to onboard some of the best developers in the world. In the world of tech, you don't want your average employee to be necessarily 33 years OLD. This is exactly the sort of reason Microsoft will acquire GitHub.



17. Wells Fargo continues branch cull, selling 52 locations in the Upper Midwest - leaving Michigan, Indiana, and Ohio

Earlier Tuesday, Wells said it struck an agreement with Flagstar Bank to sell 52 branches in the upper Midwest, including $2.3 billion in deposits. Wells executives have cited consumer preference for online and mobile banking as the reason to close or sell branches, but litigation costs have also risen related to investigations into sales practices in several business units. Wells has also previously announced plans to cut $4 billion in annual expenses by the end of next year.


18. Amid presidential speculation, Howard Schultz steps down as Starbucks chairman

The company has won many awards for its social initiatives, which include its having become one of the first U.S. companies to offer comprehensive health benefits to both part-time as well as full-time employees - including coverage for domestic partners - and having started stock ownership and free college tuition programs for its workers. The company forfeited a day's revenue last week by shutting all of its 8,000 U.S. stores to train its workers in "Racial-bias education" after the arrests of two black men in a Philadelphia store in April. In a memo to employees, Schultz said Monday that "No person or company is ever perfect," but he wrote that he was proud that the company had balanced "Profitability and social conscience, compassion and rigor, and love and responsibility."


19. How Microsoft Acquiring GitHub is the End of an Era

GitHub LinkedInHowever, if you take the data of LinkedIn and GitHub together, Microsoft could create a talent onboarding mechanism to give it an edge in the Cloud. Microsoft needed to augment it's brand visibility, acquiring LinkedIn and GitHub creates that, a synergy where talent itself is foundational in the corporate race to AI. Microsoft isn't just building solutions in the Cloud, but continuing to diversify its business tentacles. It's not enough to ask about the Why Microsoft is Acquiring GitHub.


20. Investment: How do I invest? What are the best ways to invest?

If you do not know which options are best for you and your investment goals? Refer to a financial advisor who guides you to best investment practices. The advisor will help you know the best investment plans that are appropriate for your requirements, and how to diversify your investment options as well. The investment methods of salary that help you grow your money vary greatly depending on the method and method of investment, the amount of money and the time frame of this investment and therefore you must invest according to your personal requirements and your ability to invest.


21. Airline Warn: Air Fares To Rise Despite Fuel Hedges

The oil price run over the past year will result in higher ticket fares, even if many air carriers have hedged fuel at lower prices, according to industry executives and analysts. "Jet fuel prices have continued to rise with oil prices and we base our forecast on an average price of $84/b this year, and $70/b for the Brent crude oil price," the association said, noting that the impact on the industry's fuel bill was dampened last year-and to some extent this year-by the impacts of fuel hedging in one or two regions. The airline industry is heading for rising fuel costs as crude oil prices surge, and the weakest of the European airlines may not make it through the winter, Michael O'Leary, chief executive at Europe's largest budget carrier Ryanair, said last month.


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