Media giant Time Inc.’s acquisition by Meredith is key to boosting its digital business, offering it a fighting chance against “giant tech monsters” like Facebook and Google, the company’s chief content officer, Alan Murray, said Thursday. The $2.8 billion deal, backed by an affiliate of billionaire brothers Charles and David Koch, was announced in November.
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Paul Tudor Jones, a billionaire hedge fund manager who had thrown his support behind Harvey Weinstein, wrote a note to employees of Tudor Investment Corp. on Wednesday trying to distance himself from the disgraced Hollywood mogul. The note comes after a New York Times report detailing Tudor Jones’ communications with Weinstein in October just as
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American Eagle Outfitters on Wednesday forecast strong earnings for the key holiday selling season and delivered third-quarter comparable sales ahead of Wall Street targets, driven by robust demand for its Aerie line of lingerie. The news sent shares of the apparel maker up nearly 4 percent to $16.71 in premarket trading. American Eagle expects earnings
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Financial advisors are finding it beneficial, in various ways, to include life coaches and counselors into their operations. Some advisory practices are referring out or contracting with these professionals, while others are developing them from within. “So much of my job includes conversations that are more life-oriented than financial,” said Doug Kobak, certified financial planner
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Bitcoin soared above $12,000 for the first time Wednesday, lifting the whole market. Experts believe more institutional money will flow into bitcoin as several derivatives exchanges prepare to introduce futures contracts for the digital currency. Futures contracts enable traders to agree to buy or sell an asset at a predetermined price at a later date.
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CNBC’s Jim Cramer remembers the days when kids bought the same brands as their parents, afraid that deviating would mean they were questioning their elders’ judgment. But now, consumer patterns are suggesting that the exact opposite idea has taken hold. “Customer loyalty? Hard thing to come by these days,” the “Mad Money” host said. “Now
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