Stream of Reading (Prepare to be Forwarded) – An Archive of What I'm Reading
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Digital publisher Mic Network Inc. has agreed to sell itself to women-focused publisher Bustle Digital Group for about $5 million, according to a person familiar with the matter—a fraction of Mic’s valuation less than two years ago. Mic laid off almost all of its employees ahead of the sale, another person familiar with the matter…
New York City and Northern Virginia will be the homes for Amazon.com Inc.’sAMZN +0.60% second and third headquarters, according to people familiar with the matter, ending a more than yearlong public contest that started with 238 candidates and ended with a surprise split of its so-called HQ2. The imminent announcement is expected as soon as Tuesday, according to the…
Some employees in a Wells Fargo WFC +0.15% & Co. unit that handles business banking improperly altered information on documents related to corporate customers, according to people familiar with the matter. The behavior again raises questions about Wells Fargo’s risk-management practices and controls. The bank has been sanctioned in recent months by federal regulators for problems in these areas…
American Keg Company is the only remaining U.S. manufacturer of stainless steel beer kegs. Despite competition from German and Chinese firms, American Keg has only used domestic steel. But now it’s being punished for this domestic sourcing as Donald Trump’s steel tariffs have forced the business to lay off a third of its workforce. Since…
An advertisement for a Black Friday sale is seen on the front page of the Los Angeles Times in November in downtown Los Angeles. PHOTO: ROBYN BECK/AFP/GETTY IMAGES By Benjamin Mullin Jan. 19, 2018 2:30 p.m. ET 0 COMMENTS Employees at the Los Angeles Times have voted to unionize, a historic shift for a publication long resistant to…