Phoenix-based mining giant Freeport-McMoRan has endured a riches-to-rags turnaround. Things might stay depressed for a while longer. Freeport-McMoRan(Photo: Courtesy of Freeport-McMoRan)
Story Highlights
Three years ago, the roughly 4-percent dividend yield paid by Freeport-McMoRan Inc. looked like a pretty good deal — and plenty safe.
Mom moved my two sisters and me to the appropriately named town of Flushing on the outskirts of Flint, Michigan, in 1980. My dad had just been killed in a plane crash, and she reasoned my Flint uncle would serve as a surrogate father. That didn’t happen; he was a good man, but he had two boys of his own.
Parents post photos of their kids every day on Facebook. It’s safe to assume most don’t expect the social network to then collect these images, and use them in its ads. But according to a class-action case brought against the company in 2011, that’s exactly what happened when Facebook took data and images from users under 18 and used them in “Sponsored Story” ads.
It’s easy to jump to the conclusion that the bankruptcy filing of Yellow Cab of San Francisco — located in the hometown of both Uber Technologies Inc. and Lyft Inc. — is due to the fierce competition from the heavily financed ride-hailing app companies. But the reality is a bit more nuanced. Ultimately, the Chapter 11 bankruptcy filing of Yellow Cab of San Francisco on Friday is actually a …
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Top HR Trends of 2016 2/4 at at 1 PM EST by clicking here. The use of big data in human resources is all the rage today. More and more companies, at least the large ones, are collecting and using employee and prospect data to be able to make determinations about their workforces.
How Diversity Branding Hurts Diversity
It is painful watching tech companies known to be bad environments for women and people of color make shallow, showy attempts to rebrand themselves as valuing diversity. Perhaps you’re thinking, Any effort towards diversity is a good thing, and there’s no harm in trying, right? Wrong.
VCs have pumped up the value of the “unicorn” startups. Now tech IPOs are in trouble. Good luck getting out.
The University of San Diego’s Children’s Advocacy Institute is asking a federal appellate court to reconsider its recent decision upholding Facebook’s $20 million “sponsored stories” settlement. The watchdog, which is part of the law school’s Center for Public Interest Law, says the settlement will empower Facebook to “capture, rearrange and republish” posts by children. “It allows capture of …
NEW YORK The organizers of the New York City Marathon have been sued by two runners who said the use of a lottery to decide who gets to race in the world’s largest marathon is illegal. In a proposed class-action lawsuit filed on Thursday in the U.S. District Court in Manhattan, Utah residents Charles Konopa and Matthew Clark said the nonprofit New York Road Runners Inc violated New York’s …