DealBook|The First Big Company to Say It's Serving the Legal Marijuana Trade? Microsoft.
Photo David Dinenberg, the founder and chief executive of Kind: “Every business that works in the cannabis space, we all clamor for legitimacy.” Credit Elizabeth Lippman for The New York Times As state after state has legalized marijuana in one way or another, big names in corporate America have stayed away entirely. Marijuana, after all, is still illegal, according to the federal government.But Microsoft is breaking the corporate taboo on pot this week by announcing a ..>> view originalHong Kong Bookseller Defies Chinese Government To Reveal Details Of Disappearances Of Publishers In China
SHANGHAI — The bizarre saga of five Hong Kong booksellers who were initially believed abducted by China, but later insisted they were voluntarily assisting the Chinese authorities with an investigation, took another twist Thursday when one of them reappeared in Hong Kong and accused the Chinese authorities of trampling on the rights of the city’s people. Lam Wing-kee said he was defying warnings from China not to speak out – adding that he was doing so to protect Hong Kong’s freedoms.In a case t..>> view originalThe Upshot|Soda Tax Passes in Philadelphia. Advocates Ask: Who's Next?
Video Philadelphia Soda Tax: 2 Sides Weigh In Proponents and opponents of the soda tax in Philadelphia spoke on Thursday. The city passed the tax despite a multimillion dollar campaign by the beverage industry to block it. By THE ASSOCIATED PRESS on Publish Date June 16, 2016. Photo by Jessica Kourkounis for The New York Times. Watch ..>> view originalOpening statements set to begin in pipeline blast trial
FILE - In this Sept. 9, 2010, file photo, a massive fire following a pipeline explosion roars through a mostly residential neighborhood in San Bruno, Calif. One of the country's largest utility companies is set to face a jury in a criminal trial accusing it of misleading investigators in the wake of a deadly pipeline explosion in the San Francisco Bay Area. The September 2010 blast of a Pacific Gas & Electric Co. natural gas pipeline sent a giant plume of fire into the air in a neighborhood i..>> view originalMonster Beverage Corp.: Great Company, Not A Good Investment
Monster Beverage Corporation (NASDAQ:MNST) is a great company with compelling growth prospects, but not a good investment at current prices. After reporting a strong Q1 back in April that impressed on the top and bottom line, shares advanced 17%, and the stock has steadily climbed higher throughout May into June. MNST now trades just below its 52-week high, at a trailing P/E of 43.7, a forward P/E of 32.5, a P/B of 6.2, and a P/S of 11.2. The company's closest peers trade at a median forward P/..>> view originalResearch Suggests Consumers Disillusioned With Wearables
There's no denying the fact that the wearable industry is growing like crazy. The idea of having a smart device on your person that isn't a smartphone and actually also functions as a fashion accessory is definitely appealing to many, especially in the ...>> view originalSiemens and Gamesa to create largest wind farm business
MADRID/FRANKFURT Spain's Gamesa and Germany's Siemens plan to combine their wind businesses to create the world's biggest builder of wind farms as Siemens seeks to bolster its weak position in the onshore market.A Siemens-Gamesa joint venture would overtake Denmark's Vestas to become the world's biggest wind farm manufacturer by market share, operating in the mature North American and European markets and fast-growing markets such as India, Mexico and Brazil.Final details still need to be app..>> view originalCrude oil rises for first time in seven days
TOKYO Crude oil prices rose on Friday for the first time in seven days as markets took a breather from concerns about the impact of Britain's possible exit from the European Union.Brent crude futures were up 59 cents, or 1.3 percent, at $47.78 a barrel around 0650 GMT after slumping 3.6 percent in the previous session. The contract is on track to fall nearly 5.5 percent for the week.U.S. West Texas Intermediate crude futures rose 37 cents, or 0.8 percent, to $46.58. The contract fell 3.8 perce..>> view originalStocks snap 5-day losing streak; Dow reverses triple-digit loss
U.S. stocks erased early losses to close modestly higher on Thursday, ending a five-day streak of losses. For the past several sessions, a British referendum scheduled for June 23 to decide whether the U.K. will remain in the European Union had been weighing on risky assets like equities. On Thursday, stocks seemed to find some support after both sides in the referendum debate suspended campaigning for the day after British lawmaker Jo Cox died following a shooting attack. The British pound bo..>> view originalStocks Climb, Breaking Losing Streak
Updated June 16, 2016 7:35 p.m. ET U.S. stocks climbed Thursday, snapping a five-session streak of declines as telecommunications and utilities shares gained. The Dow Jones Industrial Average had fallen as much as 169 points in morning trading after Japan’s central bank dashed hopes for additional monetary easing and amid concerns about the impact of a coming U.K. vote on whether to remain in the European Union. Official campaigning ahead of the referendum was halted Thursday af..>> view original
Friday, June 17, 2016
DealBook|The First Big Company to Say It's Serving the Legal Marijuana Trade? Microsoft. and other top stories.
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