The company’s board appointed Bob Eddy, the chief administrative and financial officer, to serve as the company’s interim chief executive.
Blog
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As Bond Yields Rise, Stocks Remain Buoyant, for Now
The New York Times – Business:
A jump in long-term interest rates may lead investors to question how much control the Federal Reserve has over the economy and markets.
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Why Investing in Fossil Fuels Is So Tricky
The New York Times – Business:
Demand for oil and gas is rising, yet it is expected to decline in the future as the world responds to global warming. Where does that leave investors?
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A Rough Ride for N.Y.C. Cabbies
The New York Times – Business:
“This business will never be good again,” said one New York City taxi driver struggling to pay off his medallion debt, which was made worse by the pandemic.
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The Tax Filing Deadline Was Delayed to May 17, but Read the Fine Print
The New York Times – Business:
The federal government and most states pushed back the date to May 17, but others have gone their own way. And if you make estimated tax payments, the deadline remains April 15.
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Skims Raises Funds At $1.6 Billion Valuation
The New York Times – Business:
A richly valued fundraising deal cements Kim Kardashian’s billionaire status.
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Betting on Small Companies Yielded Big Returns
The New York Times – Business:
Three fund managers found winners in such diverse small-cap niches as energy, consumer electronics and auto sales.
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Amazon Union Vote Results Will Continue Friday Morning
The New York Times – Business:
With about half the ballots counted late Thursday, votes against unionization had an advantage of more than 2-to-1 over those in favor.
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Kim Kardashian's Skims Is Now Worth $1.6 Billion
The New York Times – Business:
Her shapewear company, Skims, is now valued at $1.6 billion, even as shoppers shifted to looser-fitting clothes during lockdowns.
