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The presumptive Republican nominee for U.S. president boasted about the size of his 104-page financial disclosure statement filed this week with the Federal Election Commission. It may be HUGE, but what's the upside of flaunting your wealth to an electorate fed up with Wall Street and billionaires? And The Donald has yet to release his tax returns.
Meanwhile, JPMorgan shareholders resoundingly bounced a proposal to study the possible benefits of splitting up the bank. Citigroup owners gave an equally chilly reception to a similar proposal last month. Why they're missing out on a potentially lucrative idea.
And Pandora, the online music streaming service, is dealing with activist investor Keith Meister's demand that it explore putting itself on the block. The company insists it can turn things around in the cutthroat music business, but a sale makes a lot of sense.
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Mixed martial arts' premier promoter may be on the block for as much as $4 billion, putting it in some pricey company. Live sports events are what TV and cable viewers most want to see, though, and therein lies a lesson for the likes of fading ESPN and parent Disney.
Uber drivers, meanwhile, scored a win in New York, where the ride hailing service blessed their affiliation with a labor union that could help them negotiate better benefits. And in California, legal documents revealed how much Uber might have owed drivers if they had won their lawsuit to be treated as employees. The numbers make a $100 million settlement look like peanuts.
Finally, alternative lenders may face more regulation in the wake of a kerfuffle at Lending Club that cost the company's boss his job. Fortunately for them, Washington watchdogs can't seem to do much more than study the issue.
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The newspaper chain's rejection of Gannett's hefty $815 million offer is a head-scratcher, hardly the sort of move that suggests the industry knows how to pull itself out of a prolonged slump. Can clever experiments like the New York Times' plan to deliver meals with the morning paper pump up profit?
Meanwhile, Elon Musk's electric car company is accelerating production, claiming demand is outstripping supply. Maybe that's true, but technological glitches and a lack of capital could hold the company back.
And bank customers may finally get their bite back. America's consumer watchdog – the Consumer Financial Protection Bureau – is reviving class-action lawsuits after decades of corporate efforts to squelch people's right to go to court.
See acast.com/privacy for privacy and opt-out information.
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See acast.com/privacy for privacy and opt-out information.
Learn more about your ad choices. Visit megaphone.fm/adchoices
See acast.com/privacy for privacy and opt-out information.
Learn more about your ad choices. Visit megaphone.fm/adchoices
See acast.com/privacy for privacy and opt-out information.
Learn more about your ad choices. Visit megaphone.fm/adchoices
See acast.com/privacy for privacy and opt-out information.
Learn more about your ad choices. Visit megaphone.fm/adchoices
See acast.com/privacy for privacy and opt-out information.
Learn more about your ad choices. Visit megaphone.fm/adchoices
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