Gothamist and DNAinfo Are the Latest Victims of the Billionaire War on Journalism

Gothamist and DNAinfo Are the Latest Victims of the Billionaire War on Journalism

This article might not exist in two years. It could be razed by a future owner of Newsweek. It could be sued out of existence by a billionaire. It could vanish from the internet overnight, a tiny casualty in a larger acquisition or corporate shutdown. The internet is permanent: That is what parents tell teens to warn them against posting nudes. […]

The Republican tax bill’s small-business problem — most won’t benefit from the special new rate

The Republican tax bill’s small-business problem — most won’t benefit from the special new rate

The House Republican plan to cut taxes for small businesses has a big problem: Most apparently won’t benefit from it. The typical small business, whether it’s a sole proprietorship, partnership or limited liability company, doesn’t pay taxes itself, but its owners do as individuals. And already about 86% of these so-called pass-through businesses pay no […]

BMW recalls 1 million vehicles for fire risk – ABC News

BMW recalls 1 million vehicles for fire risk – ABC News

ABC News BMW recalls 1 million vehicles for fire riskABC NewsBMW of North America has issued two recalls covering about one million vehicles that contain parts implicated in car fires. The recalls span six years of production and include numerous models of the luxury vehicles, but one of the recalls involves a …BMW recalls 1.4M […]

Berkshire Hathaway’s Third-Quarter Operating Profit Falls 29% — The Motley Fool

Berkshire Hathaway’s Third-Quarter Operating Profit Falls 29% — The Motley Fool

Berkshire Hathaway‘s (NYSE:BRK-A)(NYSE:BRK-B) third-quarter operating earnings declined to $3.44 billion, down from $4.85 billion in the year-ago period, due primarily to large insurance underwriting losses from natural disasters. Third-quarter weather events were particularly troublesome for Berkshire Hathaway Reinsurance, which posted a massive $1.3 billion pre-tax underwriting loss in the third quarter. Here’s a look into […]

Amazon CEO Jeff Bezos gets $1.1 billion payout from biggest stock sale ever

Amazon CEO Jeff Bezos gets $1.1 billion payout from biggest stock sale ever

Thank goodness: the world’s richest man will have some walking-around money this weekend. In his biggest sale of company stock ever, Amazon CEO Jeff Bezos liquidated $1.1 billion of his Amazon holdings, the company reported to the Securities and Exchange Commission on Nov. 3. The sale of 1,000,000 Amazon shares took place during the previous […]

Last Kmart store in Alabama set to shut its doors in January

Last Kmart store in Alabama set to shut its doors in January

ALBERTVILLE, Ala. — Store after store, Kmart has been closing its doors across the nation. Now the last one in Alabama is shutting down too. Since Kmart stores around him closed down, Randall Brooks drives from Scottsboro to go to Albertville’s Kmart.  “I just like the deals they have in there,” Brooks said. Now that […]

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