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  • Personal finance

    Why we should see more kids in college classes

    Why we should see more kids in college classes

    As the number of student parents has spiked, campus child care centers has fallen.

    See the stunning new Ritz-Carlton ‘anti-cruise-ship’ yacht

    See the stunning new Ritz-Carlton ‘anti-cruise-ship’ yacht

    Ritz-Carlton announced this month that it’s launching a luxury cruise service with three yachts in the fourth quarter of 2019.

  • Inside Marketwatch

    Pandora CEO Tim Westergren exits as company transitions to better compete in music streaming

    Shares of Pandora Media Inc. fell nearly 2% after the market opened on Tuesday following news that Founder and Chief Executive Tim Westergren is officially stepping down. Westergren will also no longer sit on the company's board. Reports over the weekend had said Westergren was expected to exit the company. The internet radio company said the board of directors will begin the search for a new CEO immediately. Chief Financial Officer Naveen Chopra will serve as CEO in the interim. Pandora said it will fill Westergren's seat on the board with Jason Hirschhorn. "Tim stepped in to be CEO at a critical time for the company and was quickly able to reset relations with the major labels, launch our on-demand service, reconstitute the management team and refortify our balance sheet by securing an investment from Sirius XM," said board member Tim Leiweke. Pandora recently secured a $480 million investment from Liberty Media Corp.-owned satellite radio company Sirius XM Holdings Inc. , while also selling its Ticketfly business to Eventbrite for $200 million. Pandora has been struggling to compete with other on-demand music streaming services, like Apple Inc.'s Apple Music and Spotify. Its recent moves give it the cash necessary to move forward with its new subscription-based on demand service, but some analysts believe that might not be best opportunity for Pandora. Shares of Pandora are down more than 36% in the year to date, while the S&P 500 index is up nearly 9%.

    Google hit with $2.7 billion fine by EU antitrust regulators; considers appeal

    Nestle to spend up to $2.1 billion on share buybacks over the next 3 years

    Swiss chocolate and snacks giant Nestle S.A. said Tuesday it will buy back up to 20 billion Swiss francs--the equivalent of about $20.78 billion--worth of its common stock starting July 4, 2017 through the end of June 2020. The buyback announcement follows the initiation of a review of the company's capital structure and priorities to support its "value creation model," which includes the recent announcement that it was exploring alternatives for its U.S. confectionery business. The company said if any "sizeable" acquisitions are made, the buyback program will be changed accordingly. The stock's U.S.-listed shares were up 1% in midday trade, while the Swiss-based shares closed down 1.6%. Nestle's U.S.-listed shares have run up 24% year to date, while the S&P 500 has gained 8.9%.

    Breaking

    Arconic tries to distance itself from Grenfell Tower fire

    Arconic Inc. late Monday tried to distance itself from the devasting Grenfell Tower fire that killed at least 79 people by stressing that it supplies cladding panels to clients with the assumption that its products are used in compliance with various building codes. "Arconic supplied one of our products, Reynobond PE, to our customer, a fabricator, which used the product as one component of the overall cladding system on Grenfell Tower," said the company in a statement. However, it said it did not participate in refurbishing the building or in the original design. " Our product is one component in the overall cladding system; we don't control the overall system or its compliance," said the company. It also expressed its condolences and reiterated its decision that it will no longer supply cladding panel in other high-rise buildng projects, regardless of codes and regulations.

    J.K. Rowling’s first spell — becoming a billionaire by masquerading as a man

    Happy 50th birthday to the ATM! 5 things you didn’t know about it ...

    China's Premier Li touts 'unimaginable job growth'

    DALIAN, China--Chinese Premier Li Keqiang made a strong defense of his signature program aimed at bolstering the country's new economy as traditional drivers lose steam, saying the initiative has led to significant job creation.

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