Michael Dell, Tech Billionaire, Pledges $36 Million in Harvey Relief
Verizon has pledged $10 million and Toyota $3 million. But Mr. Dell hopes to eventually raise $100 million.His foundation’s pledge will seed the Rebuild Texas Fund, an initiative that will be run with the OneStar Foundation, which coordinates charitable work in Texas.The goal is to raise $100 million for the fund by the end of the Labor Day weekend. The Dell Foundation will contribute $18 million initially and match another $18 million as donations come in.Janet Mountain, executive director of ..>> view originalUnderstanding Roku's IPO and its growing platform revenues
Alex Wilhelm is the editor-in-chief of Crunchbase News and co-host of Equity, TechCrunch's venture capital-focused podcast. More posts by this contributor: In a pleasant Friday surprise, Roku dropped its S-1 document today, detailing its financial performance and corporate strategy. The filing indicates that the company intends to raise $100 million in its debut. The figure is a widely-recognized placeholder number. The company could raise more or less in its IPO. Follow Crunchbase ..>> view originalAlphabet Finishes Reorganization With New XXVI Company
Alphabet Finishes Reorganization With New XXVI Company By September 1, 2017, 3:00 PM EDT September 1, 2017, 5:23 PM EDT Alphabet Inc. is forming a new holding company designed to finalize its evolution from Google, the web search giant, into a corporate parent with distinct arms that protects individual businesses in far-flung fields like health care and self-driving cars.The new entity, called XXVI Holdings Inc., will own the equity of each Alphabet company, including Google. The ne..>> view originalGoogle funded think-tank removes research scholar for criticising Google's growing monopoly
Google funded think-tank, The New America Foundation, has parted with one of its scholars Barry Lynn for his criticism of Google’s increasing monopoly over the internet economy. Google. Reuters. Barry Lynn, founder of the Open Market program in the New America Foundation, has been an active supporter of strict anti-trust regulations. In fact, in June, Open Markets Program had posted an article appreciating the steps taken by the European Commission against Google for abusing its dominance over ..>> view originalL'Oréal Fires Its First Trans Model After She Called Out White America's Racism
DJ and trans activist Munroe Bergdorf has since called for a boycott of the company. By Lilly Workneh. Santiago Felipe via Getty Images. DJ and trans activist Munroe Bergdorf has responded to L'Oréal decision.>> view originalHonda Reaches $605 Million Settlement in Takata Airbag Case
Honda Motor Co. (HMC) plans to announce a $605 million economic loss settlement Friday, Sept. 1, in its ongoing reparations for selling cars with potentially faulty Takata airbags, sources told Reuters. The settlement will cover the 11.4 million U.S ...>> view originalMnuchin's Trip to Kentucky Is Being Reviewed by Treasury's Watchdog
The U.S. Treasury Department’s watchdog has begun reviewing the circumstances of Secretary Steven Mnuchin’s trip to Kentucky with his wife last month, where he discussed tax plans at a public event and toured Fort Knox.The review “to determine whether all applicable travel, ethics and appropriate laws and policies were observed” during the Aug. 21 trip is in response to public inquiries, Rich Delmar, the Treasury’s counsel to the Inspector General, said in an emailed statement Friday. The Washi..>> view originalNot-So-August Report Fails to Shake Faith in US Labor Market
The August employment report may have been almost predictably disappointing, though it wasn’t weak enough to call into question the underlying strength of the U.S. labor market.The data marked the seventh straight August that the government’s initial take on payrolls fell short of the median estimate of economists, with 156,000 jobs added compared to a projection of 180,000 in a Bloomberg survey. Yet the bigger picture shows a still-healthy labor market in a mature expansion. One bright spot in..>> view originalGas prices still rising, many stations empty as holiday weekend begins
Gas prices continued to rise in North Texas and many stations remained dormant Friday as a local fuel shortage caused by Hurricane Harvey dragged into the Labor Day weekend.But gasoline retailers and others who follow the petroleum industry said there were some signs that the situation would improve by early next week.About 75 percent of stations appeared to still be out of fuel on Friday night, according to reports provided by motorists to the online tool GasBuddy.QuikTrip, for example, had on..>> view originalFlood insurance is a mess, and Harvey won't make Congress any more likely to fix it
Hurricane Harvey is sure to add more crushing debt to the National Flood Insurance Program, which is already $25 billion in the red. So when Congress resumes on Tuesday, will it immediately act to fix this troubled program?Don’t count on it. Entrenched regional and partisan divisions have sidelined flood insurance reform for years. Those divides could intensify this month as lawmakers confront three tasks: Formulating an aid package for hurricane victims, raising the debt ceiling and reauthori..>> view original
Saturday, October 14, 2017
Michael Dell, Tech Billionaire, Pledges $36 Million in Harvey Relief and other top stories.
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