Faraday Future Confronting Layoffs, Pay Cuts, Probable Corporate Doom

Following a previous article about Faraday Future, the manufacturer reached out to yours truly to clarify a few things. First of all, the company deemed the headline and body a bit “jagged.” Understandable, as no manufacturer wants to be called “America’s Worst Automaker” by some bespectacled creep sitting behind a keyboard. Faraday’s spokesperson also noted […]

Google drops out of contention for a $10 billion defense contract because it could conflict with its corporate values (GOOG, GOOGL)

Kim White/MSNBC Google has dropped out of a bidding war with Amazon and other cloud computing companies for Joint Enterprise Defense Infrastructure (JEDI), a $ 10 billion contract from the Pentagon. Google chose to withdraw because the contract may conflict with its corporate values, and its principles over the ethical use of AI.  This decision […]

Perpetually licensed Office 2019 now available for corporate customers

Microsoft The perpetually licensed version of the desktop Office apps, branded Office 2019, was released today. It’s available as a one-time purchase for volume-licensed commercial customers. A consumer release will come in the next few weeks. Office 2019 is supported on Windows 10—exclusively; no Windows 7 or Windows 8.1 support is available—and the three most-recent […]

World's Biggest Corporate Tax Haven? It's No Paradise Island

For countries in the tax haven game, it’s a race to the bottom. Singapore’s welcome mat? Corporate taxes at just 17 percent. Gibraltar scrawls 10 percent on its rock, and the Cayman Islands boast 0 percent (even though everyone knows the tab on Cayman-registered profits ends up at 13 percent). But nobody outsells Ireland and […]

Why the largest group of American corporate bonds is a notch above junk

BY HIS own account Christopher Hitchens, an author who died in 2011, was a poor student. He left Oxford with a third-class degree. This was not for want of ability. Hitchens would become a prolific essayist and fearsome debater. Rather, it was a choice. His tutors warned him about neglecting his studies. But he preferred […]

Corporate crime: Five biggest financial scams of all time

When it comes to big money there’s a whole lot of room for screw-ups, cover-ups and everything in between. The business world is no stranger to scandal with many wheeler dealers ready to gain at other people’s expense. Money managers, chief executives, lawyers… some are dead or in jail, others doing just fine, after masterminding […]

CBS chief Les Moonves, who faces sexual misconduct allegations, is expected to answer questions during corporate earnings call this week

Drew Angerer/Getty Images Les Moonves, the CEO and chairman of CBS Corporation, is reportedly planning to take questions from analysts during his company’s second-quarter earnings call on Thursday. The CBS chief faces sexual misconduct allegations from at least six women, as reported by The New Yorker last week. According to The New Yorker, Moonves is […]