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The Morning After

The Morning After: Amazon buys the company behind Roomba robot vacuums | Engadget

Amazon made a $1.7 billion offer for iRobot, the company that makes Roomba robot vacuums, mops and other household robots. The deal will keep Colin Angle as iRobot’s CEO but is still contingent on the approval of regulators and iRobot shareholders. iRobot has an intriguing origin story. Founded in 1990 by MIT researchers, the company …

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Amazon bought the company that makes the Roomba. Anti-trust researchers and data privacy experts say it's 'the most dangerous, threatening acquisition in the company's history'

Amazon bought the company that makes the Roomba. Anti-trust researchers and data privacy experts say it’s ‘the most dangerous, threatening acquisition in the company’s history’

Amazon on Friday announced it acquired iRobot, the company that makes Roomba vacuums, for $1.7 billion. The deal prompted immediate concerns from data privacy experts and anti-trust researchers.  “[People] don’t buy a Roomba to have a little robot … spying on the layout of your home,” said anti-trust researcher Ron Knox. Loading Something is loading. …

Amazon bought the company that makes the Roomba. Anti-trust researchers and data privacy experts say it’s ‘the most dangerous, threatening acquisition in the company’s history’ Read More »

A Delaware judge ruled Julia Haart (pictured), star of My Unorthodox Life, might own nearly 50 percent of her ex's $$1.1billion company, Elite World Group

Julia Haart could own nearly half of her billionaire ex’s $1.1billion company, judge says

My Unorthodox Life star Julia Haart says a new court ruling shows she owns at least 49 percent of her estranged husband’s $1.1 billion modeling agency company – after the former billionaire Silvio Scaglia claimed she had ‘less than 0.01 percent’. Haart, 51, broke away from an ‘ultra-orthodox’ Jewish community in 2013 and made a …

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Buy PayPal Stock. The Battered Payments Company Is Starting to Perk Up.

Buy PayPal Stock. The Battered Payments Company Is Starting to Perk Up.

Anyone who bought PayPal Holdings stock last summer may be ruing the day. Despite popping a bit this past week, the shares, at $97, are still off 68% from their highs around $308. Memories of the stock’s skid in February, when it fell 35% over two days, may still be uncomfortably fresh in investors’ minds. …

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Elon Musk's countersuit against Twitter says the company is operating a "scheme" to mislead investors

Elon Musk’s countersuit against Twitter says the company is operating a “scheme” to mislead investors

Musk made several claims against Twitter, including about the soundness of its user metrics. He said Twitter is attempting to “distract” from its many “misrepresentations.” Twitter pushed back, saying the billioionaire’s story is “implausible and contrary to fact.” Loading Something is loading. Elon Musk’s confidentially filed 164-page countersuit against Twitter is full of accusations around …

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PayPal stock jumps 12% as company confirms Elliott stake and names EA exec as new CFO amid earnings beat

PayPal stock jumps 12% as company confirms Elliott stake and names EA exec as new CFO amid earnings beat

After seeing its shares lose roughly two-thirds of their value in the past year, PayPal Holdings Inc. delivered a packed earnings report Tuesday, announcing a new chief financial officer, buyback authorization and cost-savings program, while also confirming that activists at Elliott Management Corp. have taken a stake in the company. Additionally, the company topped expectations …

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With 1 Sentence Apple Reminded Everyone Why It’s the Most Valuable Company on Earth

With 1 Sentence Apple Reminded Everyone Why It’s the Most Valuable Company on Earth

On Thursday, Apple announced its most recent quarterly results. Compared to the rest of the tech industry, the numbers were pretty good. Apple’s profits were down 11 percent from the same period last year but the company beat estimates and still managed to set a record for third-quarter revenue.  Considering the challenges facing the entire economy, …

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Space company Masten files for bankruptcy after struggle with NASA moon contract

Space company Masten files for bankruptcy after struggle with NASA moon contract

Lunar-focused company Masten Space Systems filed for Chapter 11 bankruptcy protection on Thursday, with the venture winnowed down to a handful of people after layoffs and furloughs. The space company declared as its debts ballooned, tracing back to a NASA contract awarded to Masten two years ago. Once seen as a major win for the …

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8th property insurance company pauses new business in Florida

8th property insurance company pauses new business in Florida

TAMPA, Fla. (WFLA) — Another property insurance company announced Thursday it will be pausing new business in Florida “until further notice” amid the state’s ongoing homeowners insurance crisis. According to a news release obtained by 8 On Your Side Investigative Reporter Mahsa Saeidi, American Traditions Insurance Company will temporarily stop taking new business starting next …

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Intel CFO says we're 'on the bottom' after company misses earnings and stock sinks

Intel CFO says we’re ‘on the bottom’ after company misses earnings and stock sinks

Intel shares sank as much as 10% in extended trading on Thursday after the chipmaker reported second-quarter results and quarterly and full-year guidance that fell short of analysts’ expectations. Here’s how the company did: Earnings: 29 cents per share, adjusted, vs. 70 cents per share as expected by analysts, according to Refinitiv. Revenue: $15.32 billion, …

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