FRANKFURT (Reuters) – Axel Springer, the German publisher, said on Thursday it would combine the operations of its two main U.S. units, millennial-focused financial news site Business Insider and market researcher eMarketer. The news comes as private-equity house KKR readies an offer to buy out minority shareholders in Springer for 63 euros a share, supporting its main owners who want to take the company private and pursue long-term growth. Insider Inc. and eMarketer Inc. will join forces on Jan. 1, 2020, and Insider CEO Henry Blodget will head the merged operation, Springer said in a statement. Business Insider, which Springer bought in 2015, has led its push into digital news. Its revenues have grown at an average annual rate of 33% to reach $100 million in 2018, when it turned a profit, according to a Springer presentation. (Reporting by Douglas Busvine; Editing by Ludwig Burger) … [Read more...] about Axel Springer to merge Business Insider, eMarketer in 2020
John Haltiwanger, a Business Insider politics reporter, claims that his job is simply to “report the facts,” but on his social media — particularly his Instagram page over the years — he has aligned himself with the anti-Donald Trump resistance. On Nov. 9, 2016, as Donald Trump became the president-elect of the United States when he defeated Democrat Hillary Rodham Clinton in the presidential election, Haltiwanger took to the streets of New York City to join in with protesters against Trump’s incoming administration. He celebrated his activism against the president on his Instagram page, where he explicitly said in one post of him with protesters that “Donald Trump is #NotMyPresident.”Another Instagram post from Haltiwanger shows video of people, including presumably him, marching through the streets of New York, chanting, “Not My President.” He celebrates the fact that a taxi driver joined in with the protesters with whom he … [Read more...] about ‘#NotMyPresident’: Business Insider Reporter John Haltiwanger’s History of Intense Trump Hatred
By Rex Crum | [email protected] | Bay Area News GroupPUBLISHED: March 11, 2019 at 12:20 pm | UPDATED: March 12, 2019 at 4:34 am No matter how much they may want, Tesla and the company’s chief executive, Elon Musk, just can’t put last year’s brief effort to take the electric carmaker private behind them. A Tesla spokesperson said that Gouthro worked at Tesla’s Gigafactory in Sparks, Nevada, as a security control center supervisor for about a year; he was terminated for poor performance on Dec. 14. The spokesperson denied Gouthro’s claims, saying his “allegations are untrue and sensationalized, only intended to seek the attention of the media.” Musk revealed his idea to take Tesla private on Aug. 7 when he tweeted: “Am considering taking Tesla private at $420. Funding secured.” The effect of Musk’s tweet was immediate; Tesla’s shares rose almost 11 percent that day to close at $379.57. Less than three weeks after … [Read more...] about Former Tesla employee hints at insider trading with SEC whistleblower tip
Aria Bendix, provided by Published 8:25 am PST, Monday, January 21, 2019 A photo shows hundreds of houses part of the Sarot Group's Burj Al Babas project on December 15, 2018 close to the town centre of Mudurnu in the Bolu northwestern region. - The project to build 732 villas and a shopping centre -- which began in 2014 -- encountered difficulties as Sarot Group applied for bankruptcy protection. Sarot Group made the decision to apply for bankruptcy protection after some of their Gulf customers could not pay for the villas they had bought as part of the $200 million (175 million euros) project, Sarot's deputy chairman, Mezher Yerdelen, said. The villas are worth between $400,000 to 500,000 each. less A photo shows hundreds of houses part of the Sarot Group's Burj Al Babas project on December 15, 2018 close to the town centre of Mudurnu in the Bolu northwestern region. - The project to build 732 villas and a ... more … [Read more...] about There’s a $200 million abandoned village of Disney-like castles in Turkey. Take a look inside.
The annual meeting of the World Economic Forum (WEF) will see the planet's political and business elites descend on the Swiss city of Davos this week. The Local takes a closer look. What’s the WEF? The WEF was set up in 1971 in Geneva by social entrepreneur Klaus Schwab. Independent and not-for-profit, it aims to bring political and business leaders together to help them collaborate on global challenges and find solutions. According to its 2017-18 annual report, the WEF’s revenue of 327 million Swiss francs (€288 million) went towards activities supporting engagement in the fields of digital economy, education, healthcare, IT, mobility, the environment and energy, among others. What happens at Davos? The WEF’s glitzy annual meeting, which runs from Tuesday to Friday this week, is being held for the 49th year. The gathering sees itself as the “foremost creative force for engaging the world’s top … [Read more...] about Davos 2019: What you need to know about ‘the world’s most exclusive business bash’