In Sports Authority bankruptcy, customer e-mail data commands hefty sum
When Sports Authority Inc. said “everything must go,” it meant everything – including its customers’ personal information. The Colorado sporting goods retailer, which filed for Chapter 11 bankruptcy protection in March, auctioned this week its intellectual property, including the Sports Authority name, its e-commerce site and about 114 million customers’ files and 25 million email addresses. Dick’s Sporting Goods won with a $15-million bid. The trove of customer data, experts say, could help Di..>> view originalPRECIOUS-Gold heads for fifth week of gains, silver jumps to 22-month high
* Silver breaches $19 level for the first time since Sept 2014 * Platinum, palladium mark highest since mid-May (Updates throughout, changes dateline from BENGALURU) By Clara Denina LONDON, July 1 Gold rose 1 percent on Friday and was headed for its fifth weekly gain, supported by a weaker dollar and prospects for further monetary policy easing in the wake of Britain's vote to leave the European Union. Spot gold rose to a session high of $1,338 an ounce, and was up 0.9 perc..>> view originalMarissa Mayer defends her reputation at what may be Yahoo's final shareholder meeting
Marissa Mayer addressed the purple elephant in the room immediately after stepping on stage: No, there are no updates about Yahoo's sale process. Instead, Mayer devoted what may be Yahoo's final annual shareholders meeting as an independent company to making the case that her turnaround efforts were not a complete failure. "On a personal note, I will say that I've been heartened by the level of interest in Yahoo," Mayer said at the meeting on Thursday, presumably referring to reported acq..>> view originalPost-Brexit vote rebound sees FTSE 100 set for biggest weekly rise since 2011
(ADVISORY- Follow European and UK stock markets in real time on the Reuters Live Markets blog on Eikon, see cpurl://apps.cp./cms/?pageId=livemarkets)* FTSE 100 up 0.3 pct, touches 2016 high* Fourth straight session of gains* Carney rally fades, banks give up gains* Precious metals miners stay in demandBy Alistair SmoutLONDON, July 1 Britain's top share index rose on Friday to touch a new high for 2016 and leaving it set to post its biggest weekly rise in 4-1/2 years as the rebound from last we..>> view originalTesla driver's death using car's 'Autopilot' probed by NHTSA
A driver so enamored of his Tesla Model S sedan that he nicknamed the car "Tessy" and praised the safety benefits of its sophisticated "Autopilot" system has become the first U.S. fatality in a wreck involving a car in self-driving mode.The National Highway Traffic Safety Administration announced the driver's death Thursday, and said it is investigating the design and performance of the Autopilot system.Joshua D. Brown of Canton, Ohio, the 40-year-old owner of a technology company, was killed M..>> view originalThe Catch in China's Factory Stabilization: Small Firms Struggle
A hint of unintended consequence lingers beneath the largely stable result seen in China’s official factory gauge for June. Monetary and fiscal stimulus is propping up the most inefficient part of the $10 trillion-plus economy while nimbler private firms fall behind.The manufacturing purchasing managers index showed big companies reported improving conditions while small- and medium-sized firms showed deterioration. The steeper slide in a separate factory measure from Caixin Media and Markit Ec..>> view originalHershey Rejects $23 Billion Mondelez Takeover Offer
Hershey said on Thursday it had rejected a $23 billion takeover bid by Mondelez that would seek to expand the latter's limited U.S. footprint and create the world's largest confectioner. The snub underscores the challenges Mondelez Chief Executive Irene Rosenfeld faces in wooing Hershey's controlling shareholder, the Hershey Trust, a $12 billion charity created by the eponymous company's founder a century ago. A Hershey's chocolate bar is shown in this photo illustration in Encinitas..>> view originalBrexit May Cause Mortgage Rates To Drop
MoneyTipsWhen the citizens of the UK voted to leave the European Union, it sent shockwaves through the world economy. Overnight, stocks dropped and the pound weakened dramatically. However, the decision may also affect mortgage rates in the U.S. According to experts, rates may drop even more, breaking record lows set within the past months. Borrowers are cautioned that they should lock in their rates as soon as possible, however, because it is uncertain how long these low rates will last.Nationa..>> view originalZenefits Dodges Investor Lawsuits With $2.5 Billion Valuation Cut
What Does A Post-Brexit Future Look Like For Britain?
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Saturday, July 2, 2016
In Sports Authority bankruptcy, customer e-mail data commands hefty sum and other top stories.
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