Economic Outlook

Cooperate Or Die: In Private Meeting, Top Facebook Exec Threatened News Outlets

Posted by Jake Johnson

on Tuesday, 14 August 2018 18:08

fb

During a closed-door and off-the-record meeting last week, top Facebook executive Campbell Brown reportedly warned news publishers that refusal to cooperate with the tech behemoth’s efforts to “revitalize journalism” will leave media outlets dying “like in a hospice.” CLICK for complete article

Venezuela’s PDVSA To Start Using ‘El Petro’ Next Week

Posted by Irina Slav

on Tuesday, 14 August 2018 18:03

petro

Venezuela’s state-owned oil company PDVSA will start using the local cryptocurrency El Petro for all its transactions on August 20, President Nicolas Maduro said, as quoted by Sputnik. The president did not mention whether PDVSA’s business partners agreed with the change, yet the shift to a cryptocurrency in all of PDVSA’s business dealings is only part of a much bigger monetary overhaul…. CLICK for complete article

Morgan Stanley Incrementally Bullish On Salesforce, Says MuleSoft Deal Underappreciated

Posted by Jayson Derrick

on Tuesday, 14 August 2018 17:55

salesforce

Salesforce.com acquired MuleSoft in early 2018 in a $6.5-billion deal that wasn’t fully appreciated by the Street, according to Morgan Stanley. 

Salesforce’s acquisition of MuleSoft addresses the company’s challenge of connecting and utilizing data more efficiently from the legacy platform towards saleforce’s platform, Weiss said in a research report.

The acquisition is also intended to expand salesforce’s value proposition as a broader public and private hybrid cloud environment, the analyst said. The deal comes at a time when digital transformation is a top priority among chief information officers, especially in the areas of customer service, marketing and sales, he said. CLICK for complete article

Truett-Hurst Shares Jump On $18M Sale Of Wine Business

Posted by Hannah Genig

on Tuesday, 14 August 2018 17:51

vino

Shares of wine and marketing company, Truett-Hurst Inc, were rallying more than 70 percent Tuesday after a deal announcement. 

Truett-Hurst said it’s selling its wholesale wine business to Precept Brands LLC for $18 million cash, netting Truett-Hurst an estimated $15.9 million after taxes, expenses and fees. 

The wholesale business includes bottled wine inventory, brands, supplies, bulk wine inventory and related intellectual property…. CLICK for complete article

Iran’s Supreme Leader: “No War Nor Negotiations” Ever With This White House

Posted by ZeroHedge

on Monday, 13 August 2018 19:03

ayatollah

Iran’s supreme leader Ayatollah Ali Khamenei announced in a statement Monday that there would be neither war nor negotiations with the United States.

“Recently, U.S. officials have been talking blatantly about us. Beside sanctions, they are talking about war and negotiations,” the senior cleric wrote via his Twitter account in English.

He added, using all caps to close the statement, “In this regard, let me say a few words to the people: THERE WILL BE NO WAR, NOR WILL WE NEGOTIATE WITH THE U.S.” CLICK for complete article