Disney CEO Robert Iger sees compensation decline to $36.3 million in 2017

LOS ANGELES — Robert Iger, the chief executive of Walt Disney Co., saw his total compensation decline 17 percent in the recently concluded fiscal year to $36.3 million, according to the company’s latest proxy statement filed Friday to the Securities and Exchange Commission. The drop from last year’s $43.9 million was due in part to a… Please follow and like us:

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JPMorgan Chase & Co. Q4 2017 Earnings Beat Estimates

The JPMorgan Chase & Co. Q4 2017 earnings results were released before opening bell this morning. The bank reported adjusted earnings of $1.76 per share on $25.45 billion in revenue, compared to the consensus estimates of $1.69 per share and $25.17 billion in revenue. In the previous year’s fourth quarter, the bank reported $1.71 per share… Please follow and like us:

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Supreme Court will decide billion-dollar question for online sales: Can states collect sales taxes on all purchases?

WASHINGTON — The Supreme Court announced Friday that it will consider allowing states to require all online sellers to collect sales taxes, revoking an old rule that costs states billions in lost revenues. The justices said they would hear an appeal from South Dakota and 35 other states that says the current “physical presence” rule is… Please follow and like us:

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This Seattle Subway can’t sell $5 footlongs because of big government – and posted a sign to let customers know

  Customers who enjoy sweetened drinks aren’t the only people in Seattle currently feeling the pinch of the city’s progressive policies. Here’s a photo of a sign that’s hanging in a Seattle Subway that lays out the problems faced by both consumers and business owners in the city: Seattle Subway says… Please follow and like us:

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GoPro predicts revenue slump and slashes workforce; stock plunges

Camera maker GoPro Inc. is getting out of the drone business, laying off more than 20 percent of its workforce and losing two executives after predicting a sharp decline in its fourth-quarter revenue and disclosing weak holiday-season demand for its cameras. The disappointing outlook sent shares plummeting nearly 30 percent to an all-time low of $5.32… Please follow and like us:

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Hedge Fund AUM to reach an all-time high in 2018 for the 10th year in a row?

Each year, Agecroft Partners predicts the top hedge fund industry trends stemming from our contact with more than two thousand institutional investors and hundreds of hedge fund organizations. The hedge fund industry is dynamic, and participants are best served by anticipating, rather than reacting to, change. Below are Agecroft’s 9th annual predictions for the biggest trends… Please follow and like us:

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Netflix raises executive salaries, proving that ‘performance-based’ pay always was a sham

The big news Friday on the executive compensation front was that Netflix is converting some of its “performance-based” pay for its top executives to straight salaries, thanks to the recently-passed tax bill. But people may be taking the wrong lesson from the change. On the surface, it looks like the five executives covered by the change… Please follow and like us:

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Top 10 Financial Terms of 2017: Investopedia

Investopedia, an online provider of financial content, has announced its list of the top financial terms of 2017. The list reflects investor interest, key trends and news events during the year as measured by search volume and percentage gains. “Investors clearly have disruptive technology on the mind this year,” Investopedia’s chief executive, David Siegel, said in… Please follow and like us:

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Broker Charged With Illegally Accepting $1M in Cash Kickbacks: Enforcement

The Securities and Exchange Commission charged a Wall Street stockbroker with illegally accepting more than $1 million in undisclosed kickbacks for giving certain customers preferential access to lucrative inital public offerings, enabling them to reap major trading profits in the secondary markets. The SEC alleges that Brian Hirsch subverted allocation policies and procedures at two brokerage… Please follow and like us:

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AAPL Stock Rebounds After Apple Buying Shazam Report

Apple is reportedly closing in on a deal to purchase the audio recognition app Shazam—a popular app that can identify music, television show, movie or advertisement by listening to an audio clip—according to TechCrunch. No official price has been made public, though the deal is believed to be in the nine-figure range and has been rumored… Please follow and like us:

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Bitcoin Price Surges Ahead of Derivatives Launch

Bitcoin Price Surges Ahead of Derivatives Launch NEW YORK, December 8, 2017 /PRNewswire/ – The price of bitcoin continues its rally as the demand for the cryptocurrency surges. According to CoinDesk, the world’s biggest cryptocurrency surged past $16,000 for the first time on Thursday, just a day after it crossed the $14,000 mark. Bitcoin was traded… Please follow and like us:

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Senate Republicans Resume US Tax Overhaul Effort

Senate Republicans are pushing ahead Friday with efforts to overhaul the U.S. tax code after a last-minute delay, prompted by Republicans concerned about an analysis that found the bill would add at least $1 trillion dollars to the debt over 10 years. They delayed a final vote on the legislation late Thursday amid furious, behind-the-scenes efforts… Please follow and like us:

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Senate GOP advances tax bill toward vote later this week, but changes still being made

WASHINGTON — Senate Republicans pushed their tax plan past another key hurdle Wednesday, a show of momentum for President Donald Trump’s top priority even as frantic negotiations with Republican holdouts made final passage uncertain. The 52-48 vote, with all Democrats opposed, marked an important milestone as Republicans in Congress scrambled to deliver a significant accomplishment by… Please follow and like us:

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Congress Should Protect Americans from Unjust Property Seizure

Members of Congress brought renewed attention to a legislative effort to halt efforts by the Department of Justice to restart one of the most controversial civil-forfeiture practices, so-called “adoptive” forfeitures. The practice, part of the equitable sharing program, allows state and local law enforcement to seize property in their jurisdictions and then hand it over to… Please follow and like us:

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Black Friday Sales Improve From Previous Years

Black Friday called for retailers to boast off an abundant of discounts and doorbuster deals to attract shoppers as they began holiday shopping, but the real action took place online instead of in brick-and-mortar stores. A rise in online sales helped to bring about one of the best turnouts for the annual shopping day in the… Please follow and like us:

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