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Trading Ideas

United’s Scott Kirby Finally Gets a CEO Job: Now What?

Over two decades at four airlines, more than a few junior or mid-level employees have feared briefing Scott Kirby. The problem has never been that he was uninformed, or would need extra explanation. The issue is Kirby often seemed to know more about whatever issue they were presenting than they did. If they had holes […] …read more […]

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Business News

Facebook sues ILikeAd, alleges ad fraud

Facebook Inc on Thursday sued a Hong Kong company that it said baited people into clicking on celebrities’ photos and bogus advertising links, so it could install malware and run ads for counterfeit goods, diet pills and male enhancement supplements.

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10 Highest Paid CEOs in the World in 2019

With combined annual earnings of over three billion dollars, the 10 highest paid CEOs in the world in 2019 prove that disparity of income is not just a myth, it’s the stark reality facing us today, though the total has been significantly skewed by the one man, who we will reveal later. While we’ve been […] …read more […]

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Trading Ideas

UPDATE 1-Iconix Brand former CEO charged with accounting fraud

Iconix Brand founder and former Chief Executive Officer Neil Cole has been charged with accounting fraud, along with former Chief Operating Officer Seth Horowitz, a court filing on Thursday showed. “All of the transactions at issue were fully reviewed and approved by Iconix’s legal, finance and accounting professionals,” the counsel added. …read more […]

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Trading Ideas

Is Weyerhaeuser Co. (WY) Going to Burn These Hedge Funds?

Amid an overall bull market, many stocks that smart money investors were collectively bullish on surged through the end of November. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 54% and 51% respectively. Our research shows that most of the stocks that smart money likes historically generate strong […] …read more […]

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Iconix Brands Ex-CEO Neil Cole Charged by U.S. in Accounting Fraud

(Bloomberg) — The founder of apparel licenser Iconix Brand Group, which last month settled a high-profile dispute with the rapper Jay-Z, was charged by federal prosecutors with inflating the company’s revenue and earnings.Neil Cole, 62, Iconix’s founder and former chief executive officer, and Seth Horowitz, 43, the ex-chief operating officer, were named in separate charging documents made public Thursday in Manhattan federal court. Trading in Iconix was halted.According to prosecutors, Cole and Horowitz inflated the company’s revenue and earnings per share for all of 2014 and the fourth quarter of 2013, using a series of fraudulent round-trip transactions with a …read more […]