Cell Phone Worries

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According to the Washington Post, Samsung is suspending production of its Galaxy Note 7 replacement phones after more reports of fires in South Korea and the United States. Questions: 1. According to the article, what major U.S. carriers are suspending sales or exchanges of the troubled device? 2. How many fires have been reported so… Read more »

End of an Era

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A slice of Americana is about to “leave the stage.” For those of you who are too young to remember, Howard Johnson is not an old movie star. It was a bustling restaurant chain across the U.S. Sadly, the last of two remaining Howard Johnson restaurants will close on Sep. 6, making it the end… Read more »

CostCo Woes: Maybe or Maybe not?

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Costco started to transition from American Express to Visa as its exclusive credit card partner in June. As a result, delays and confusion have only gotten worse nearly two months later! Questions: 1. What were some of the biggest problems they faced? 2. Who is the issue of the new Costco Anywhere Visa and what… Read more »

Orphan Drug Act

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Three decades ago, Congress listened to the plight of Americans sick with diseases so rare many people had never heard of them. They were victims of a pharmaceutical market failure — “orphans” ignored by drug companies because, the thinking went, tiny groups of patients would lead to trifling sales. Questions: 1. What is the Orphan… Read more »

The End of Yahoo’s core business

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Yahoo announced, finally, that its core internet business would be sold to Verizon for $4.83 billion in cash. Questions: 1. What was Yahoo valued at in 2000? 2. Explain some of the forces that led to the end of Yahoo as we know it. 3. Who is the chief executive of Yahoo and how long… Read more »

Big Brother and Hedge Fund Land

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Ray Dalio, billionaire founder of the world’s largest hedge fund, Bridgewater Associates, claims that one of his firm’s core operating principles is “radical transparency, regarding employee grievances and concerns. However, according to Stevenson and Goldstein in this New York Times article, at least one Bridgewater employee sees the firm as a “cauldron of fear and… Read more »

$35 here, $35 there and it all adds up!

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While strict rules require account holders to affirmatively opt into banking overdraft protection plans, a U.S. subsidiary of the Spanish banking giant, Santander Bank, which acquired Boston-based Sovereign Bank in 2009, crossed the line. Questions: 1. Briefly summarize what the bank did? 2. Who is the Consumer Financial Protection Bureau and what was their role… Read more »

Auction misconduct, silly mix-up, or something else…………?

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The Keno brothers, stars of the PBS series Antique Roadshow, have recently exhibited strange behavior that is oddly out of sync with their stature as antique world luminaries. Leslie and Leigh Keno, twins and celebrity appraisers, say they accidentally bid against each other this spring. Questions: 1. A New Orleans auction house is suing the… Read more »

Cher sues to recover from financial firm over “rosy projections!”

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Cher claims Sail Venture Partners and several of its principals defrauded investors to rake in millions in management fees, according to a lawsuit filed Wednesday in L.A. County Superior Court. Questions: 1. When did this happen? 2. What did the managers do with the money? 3. Based on the information in the article, what do… Read more »