New York Posts – Business

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  • Paul Singer wants Qualcomm to up its bid for NXP
    by Carleton English on January 20, 2018 at 4:19 am

    Activist investor Paul Singer wants Qualcomm to pony up more cash in its bid to acquire NXP Semiconductors. “We believe the current $110 offer is not even in the right zip code and a credible offer from Qualcomm requires a price in excess of our estimate of NXP’s intrinsic standalone fair value of $135 per... […]

  • How Bill Bain helped Mitt Romney’s rise
    by Josh Kosman on January 19, 2018 at 11:14 pm

    Bill Bain, the well-known management consultant and early Mitt Romney mentor who died this week, helped secure the Republican presidential candidate’s legacy — albeit not under the best circumstance. In 1990, Bain’s 17-year-old consultancy, Bain & Co., was struggling and seemingly headed toward bankruptcy when Romney, a rising star at the firm’s private equity arm,... […]

  • Delta adds requirements for service animals
    by Associated Press on January 19, 2018 at 9:10 pm

    DALLAS — Delta Air Lines will soon require owners of service and support animals to provide more information before their animal can fly in the passenger cabin, including an assurance that it’s trained to behave itself. The airline says complaints about animals biting or soiling plane cabins have nearly doubled since 2016. Starting March 1,... […]

  • Feds sue three cryptocurrency operators for fraud
    by Reuters on January 19, 2018 at 5:22 pm

    The federal derivatives watchdog said on Friday that it has filed charges against three separate virtual currency operators alleging the defendants had defrauded customers and broken other commodity trading rules, in a further sign regulators globally are cracking down on the emerging asset class. The lawsuits, filed by the Commodity Futures Trading Commission in a... […]

  • Fired bond bigwig claims ‘scheming’ bank cheated him out of $15M payday
    by Carleton English on January 19, 2018 at 4:35 pm

    A Manhattan bond trader is fighting to keep alive a 3-year-old battle against his former lawyers and accountants, alleging they “conspired” to keep him away from a $15 million payday. Drew Doscher — formerly of Seaport Global — was ousted from his job in 2013 after he discovered — and objected to — “multiple illegal... […]

  • Amazon raises monthly fee for Prime by nearly 20 percent
    by Associated Press on January 19, 2018 at 3:52 pm

    Amazon is raising the price of its Prime membership monthly plan by nearly 20 percent. The fee of $99 for an annual membership will not change, the company said Friday. The online retailer had added the monthly payment option about two years ago as a way to hook shoppers — especially during the holiday season... […]

  • Snapchat threatens leakers with jail
    by Nicolas Vega on January 19, 2018 at 3:37 pm

    Loose lips can sink careers at Snapchat — and land you behind bars. Snap Inc., the messaging app’s parent company, in a move many thought was over the top, has threatened its employees with jail time should they get caught leaking any confidential company information. The warning was made in a memo to employees last... […]

  • Retailers consider investing in online ‘Costco for millennials’
    by Lisa Fickenscher on January 19, 2018 at 5:07 am

    General Mills and Bed Bath & Beyond are weighing investments in Boxed.com, The Post has learned. Big Apple-based Boxed, dubbed the online “Costco for millennials,” is suddenly among the hottest tech startups in the country because its network of distribution centers provide 24-hour delivery to wide swaths of the country. Brick-and-mortar retailers looking to compete... […]

  • Unilever backs out of buying Halo Top ice cream
    by Josh Kosman on January 19, 2018 at 2:46 am

    Unilever was recently close to buying fast-growing niche ice cream maker Halo Top for roughly $2 billion — but got cold feet, sources told The Post. Consumer-products giant Unilever, which owns Ben & Jerry’s and Breyers ice cream brands, was finishing up weeks of due diligence — which many believed was going to end in... […]

  • Redbox pushes back in movie multi-pack battle with Disney
    by Richard Morgan on January 19, 2018 at 2:33 am

    Redbox is pushing back at Disney’s attempt to stop it from renting multi-packs of movies individually. The movie rental kiosk company told a California judge it has every right to break open the multipacks and rent the Blu-ray disc and DVD separately — plus sell the enclosed redeemable code. Redbox said Hollywood studios tried a... […]

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