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Shoes That Order Pizza For You? Thank You, Future!
How about shoes that order your pizza for you. This cheesy technological advancement is being delivered by Pizza Hut in the form of a new type of sneaker called the Pie Tops. This allows them to instantly submit a pizza order wherever they are standing or sitting -- just by pressing the tongue of their shoe, according to a press release.
Feds Target Upcoming Marijuana Festival In Nevada
A warning from the Justice Department could force one of the world's largest marijuana festivals to press on without the very herb it celebrates. The tribe's chairman told the Gazette-Journal he is working with the US Attorney's Office in Nevada in hopes of resolving the conflict. A total of 28 states have legalized marijuana for medical purposes, and eight states and the District of Columbia have legalized recreational use.
After 15 years, lawsuit against UBS over Enron collapse is dismissed
In a 228-page decision on Tuesday, US District Judge Melinda Harmon said UBS PaineWebber brokerage customers failed to show that the Swiss bank intended to defraud them into buying Enron securities. Harmon dismissed claims against UBS by another group of Enron investors last Aug 2. A $7.2 billion securities class-action settlement in 2006 with several banks and other defendants over Enron's collapse remains the largest on record.
For China's Factories, a Weaker Currency Is a Double-Edged Sword
On the other hand, a weaker currency would help its factories. That support is expensive - China has drawn nearly $1 trillion from its huge stash of foreign money to hold its currency steady. A weaker currency could push more Chinese people and companies to send their money abroad, for fear of further losses if they continue to hold renminbi. The weaker currency makes it harder for many of China's heavily indebted companies to pay off what they owe overseas or to raise more money.
Murdoch's Fox set to request EU approval for Sky takeover bid
Rupert Murdoch's Twenty-First Century Fox (FOXA.O) will seek approval from the European Commission for its $14.4 billion bid for European pay-TV firm Sky (SKYB.L) in the coming days, a person familiar with the matter said. Murdoch's bid to buy the rest of the British company it does not already own is likely to be a politically charged process. Analysts and lawyers expect the bid to be referred to Ofcom.
'Moonlight' Will Expand To A Peak 1,500 Theaters After Astonishing Best Picture Win
On the heels of on its unexpected victory at Sunday's Oscars, Moonlight will play at least 1,500 theaters this weekend. It's standard practice for a studio to re-release or expand its Best Picture medalist, but this year's tradition assumes added import, becoming the widest bow since Moonlight first opened in four theaters in late October. A24, the 5-year-old trendy independent distributor enjoying its first Best Picture win, had so far booked the movie in a peak 1,014 locations.
Management shake-up at Bridgewater as Dalio drops co-CEO role
The world's largest hedge fund manager, Bridgewater Associates, is once again changing its leadership structure, according to a note posted on LinkedIn Wednesday. Billionaire firm founder Ray Dalio will no longer serve as co-chief executive officer of the Westport, Connecticut-based firm, but will remain co-chief investment officer and co-chairman. The move comes as Jon Rubinstein, a former technology executive who was hired as co-CEO in May, plans to leave the firm but will remain an advisor.
Bridgewater Associates, World's Biggest Hedge Fund, Shakes Up Leadership
Ray Dalio, the 67-year-old billionaire founder of Bridgewater Associates, is stepping down from the helm of the world's biggest hedge fund in a management shake-up at the firm. He will step down as co-chief executive, but will remain co-chairman and co-chief investment officer, he wrote in a letter on LinkedIn. About Mr Rubinstein's departure, Mr Dalio said that both men mutually agree that he is not a cultural fit.
For Interior, Montanan With Deep Roots and Inconsistent Record
Westerners angered by land restrictions are hoping that Mr Zinke will help them peel back Washington's grip on public acres. ' And there is a great deal of optimism and smiles on people's faces that we haven't seen in years. In 2016, after federal land transfer was added to the Republican platform, he resigned as a delegate to the party's national convention. He has campaigned for more money for the Land and Water Conservation Fund, which uses energy royalties to preserve outdoor space.
Obamacare Repeal Could Delay Retirement For The Most Vulnerable
On the one hand, you are reluctant to leave your job because of the health coverage it provides and your increasing need for it. Those who take early retirement because of health problems may be eligible for the Social Security Disability Insurance program -- but that's not a slam dunk. Private sector companies used to routinely provide some form of subsidized health coverage for older workers who they employed for a fixed number of years.
No margin for error as Adidas CEO bets on U.S. game plan
Adidas is expected to redouble its US efforts when Kaspar Rorsted spells out his strategy next week, potentially allowing the new CEO to set an ambitious profit margin target. Investors hope Rorsted will give a formal medium-term target for the operating margin and detail concrete steps to help Adidas reach it. Analysts expect Adidas to lift the EBIT margin to 9.4 percent by 2019, according to Thomson Reuters Smart Estimates.
GM, Ford beat February sales expectations; industry sales seen down
Ford Motor Co (F.N), No 2 in the US market by sales, said sales declined by 4 percent, but still beat most analysts' expectations. Sales for its F-Series pickup trucks rose 9 percent, SUVs were up 6 percent but car sales fell 24 percent from a year ago, the automaker said. Nissan Motor Co (7201.T) also beat expectations, showing a 3.5 percent gain, led by a 54 percent surge for its Rogue small SUV.
Snap Nears a Debut That Could Lift Market for New Tech Stocks
Strong demand is expected for the market debut of Snap Inc., whose initial public offering will be priced later on Wednesday. Snap's offering will be one of the biggest and highest-profile market debuts of recent years, raising billions of dollars, giving lift to a moribund market in new stocks and minting paper wealth for its top investors. In going public, Snap has leapt ahead of other technology darlings like Uber, Airbnb and the data-analysis provider Palantir.
'Big Bang Theory' Leads Taking Pay Cuts So Female Co-Stars Can Get Raises
The five leading stars of CBS's The Big Bang Theory are apparently taking pay cuts so that two of their longtime castmates can get raises. Bialik -- who earned four Emmy nominations for her role as Sheldon's girlfriend, Amy -- and Rauch have become key characters in the show since joining in Season 3. The two currently make around $200,000 per episode, according to Variety, and are gearing up for contract negotiations this week.
Inflation rebound may allow end to Czech crown cap sooner rather than later
Investors have piled in expecting the undervalued crown EURCZK= to jump once freed from the 27 per euro cap. Analysts give little chance of the cap being lifted before April as that would break the central bank's pledge and hurt its credibility. Central bank board members have spoken of a clear-cut end to the cap - a sudden move, with no strings attached.
Wells Fargo says no 2016 cash bonuses for eight senior executives
Wells Fargo & Co said eight senior executives, including Chief Executive Tim Sloan and Chief Financial Officer John Shrewsberry, will not receive cash bonuses for 2016, as the bank looks to increase accountability following a sales scandal. The three-year equity awards made in 2014 will also be reduced by up to 50 percent for the executives, the lender said on Wednesday.
PepsiCo to close British plant, threatening nearly 400 jobs
Food and drink firm PepsiCo plans to shut a Walkers crisp factory in northern England, the company said on Wednesday, putting almost 400 jobs at risk. The company said the decision was nothing to do with Britain's vote to leave the European Union last year, and that crisps currently produced at the site would be manufactured at other sites in Britain.
SEC freezes assets in SoftBank-Fortress insider trading probe
The Security and Exchanges Commission said on Wednesday it froze assets of traders using brokerage accounts in London and Singapore to obtain more than $3.6 million in possibly illegal profits before the announcement that SoftBank Group Corp agreed to acquire Fortress Investment Group.
Exxon touts growth potential with eye toward dividend
Exxon Mobil Corp (XOM.N), the world's largest publicly traded oil producer, sought to reassure anxious investors on Wednesday about its growth potential, highlighting both short- and long-term projects that executives said should continue to help fund the 106-year-old dividend. Our job is to compete and succeed in any market, regardless of conditions or price, Chief Executive Darren Woods said in a statement ahead of the company's annual analyst day in New York.
Healthier Cereals Snare a Spot on New York School Menus
The Kellogg product is made of five ingredients, including the preservative butylated hydroxytoluene and gelatin, and has eight added vitamins. In 2010, Congress passed the Healthy, Hunger-Free Kids Act, the first significant overhaul of school meal programs in about 15 years. It's not anywhere near perfect, she said, but this is a journey toward providing healthier meals that kids will like. That was the challenge for Back to the Roots, which started to woo New York school officials about a year ago.

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