New York Posts – Business

  • Papa John’s now facing ‘bro’ culture scandal as nightmare continues
    by Lisa Fickenscher on July 20, 2018 at 2:28 am

    The John Schnatter stink will be harder to clean up at Papa John’s than first expected. The chief executive and a second high-ranking executive at the pizza chain — pals of Schnatter whom he installed in key positions — failed to curb a “bro” culture at the Louisville, Ky., business that featured open discussion of... […]

  • Tesla stock downgraded amid Model 3 order cancellations
    by Richard Morgan on July 20, 2018 at 2:13 am

    If Elon Musk’s outbursts suggest a distracted if not disturbed man, an analyst’s report on Thursday seems likely to leave the Tesla CEO unhinged. The ratings downgrade by Needham’s Rajvindra Gill cut 3 percent off Tesla’s stock price before it recovered to $320.23 a share, a 1.1 percent decline for the day. Most damning was... […]

  • Elon Musk’s bizarre tweets are raising red flags on Wall Street
    by Richard Morgan, Carl Stier on July 20, 2018 at 1:44 am

    Tesla’s Elon Musk has been tweeting as if he’s as high as one of his SpaceX rockets. Wall Street analysts, regulators and the media have all been recent victims of the eccentric billionaire. But his calling a member of the team rescuing the Thai soccer kids a “pedo” did more than raise eyebrows. The July... […]

  • John Paulson pushes to overhaul gold mining firm’s board
    by Carleton English on July 20, 2018 at 1:43 am

    Hedge fund billionaire John Paulson is stepping up his campaign against Canadian gold-miner Detour Gold. Paulson & Co. is pushing for an overhaul of Detour’s board and plans to call for a special shareholder meeting to be held in the next two months, according to a Thursday statement. “The board seems more interested in lining... […]

  • Lay’s to release lobster roll chips and other outlandish flavors
    by Carl Stier on July 20, 2018 at 1:33 am

    Some of the most outlandish potato chip flavors are about to hit store shelves — including Deep Dish Pizza, Fried Pickles With Ranch, and New England Lobster Roll. The new flavor lineup, from Lay’s, will hit retail July 30, the company said Thursday. Which flavor will be in your neighborhood store depends on where you... […]

  • Steve Young’s private equity firm pressed by judge in fraud case
    by Josh Kosman on July 20, 2018 at 1:26 am

    The 11-year-old private equity firm that was co-founded by NFL great Steve Young has had better weeks. The firm, HGGC, where Young is a managing director, tried at a hearing this week to get out from under a $270 million civil fraud case — but Delaware Chancery Court Judge Travis Laster was not making it... […]

  • Airbus’ Beluga XL ‘whale in the sky’ takes flight for first time
    by The Sun on July 19, 2018 at 7:57 pm

    There’s still no word on whether pigs can fly but you aren’t going crazy if you spot a whale soaring past your window anytime soon. That’s because Airbus’s Beluga XL aircraft — nicknamed the “whale in the sky” — has taken off for the first time. It took off from Toulouse Airport in France on... […]

  • Archenemies Starbucks and McDonald’s team up on sustainable cup
    by Fox News on July 19, 2018 at 7:38 pm

    While the two multibillion-dollar companies are usually at odds with each other, they are pairing up for the sake of the environment. Starbucks and McDonald’s are joining forces to create a fully recyclable, compostable cup within the next three years. Both companies, combined, account for 4 percent of the world’s 600 billion cups thrown away... […]

  • Trump gripes about Fed in rare rebuke by sitting president
    by Bob Fredericks on July 19, 2018 at 7:02 pm

    President Donald Trump trashed the Federal Reserve on Thursday for raising interest rates — moves that he said could damage America’s ongoing economic recovery from the Great Recession. “I’m not thrilled. Because we go up and every time you go up, they want to raise rates again. I don’t really — I am not happy... […]

  • The government has no idea how many gig workers there are
    by Marketwatch on July 19, 2018 at 6:47 pm

    Antoinette Kunda wasn’t always rushing to make deliveries for strangers and pick up riders. Prior to the Great Recession, she worked as an executive administrative assistant at American Express where she earned $80,000 a year, or approximately $6,667 a month. Today, she works in the gig economy. “I do not consider myself having a primary... […]