Get Smart Fast — 2/3/16
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Amazon.com Inc., the world’s biggest online retailer, plans to open from 300 to 400 bookstores, according to Sandeep Mathrani, chief executive officer of General Growth Properties Inc., which owns and operates shopping malls.
Whether it is sold or survives, Yahoo is getting smaller. It said on Tuesday it would lay off about 15 percent of its 11,000 employees. By the end of the cuts, the company said its work force would be about 42 percent smaller than it was in 2012.
- Theranos has a conflict of interest
Let’s stop here and note that this has the potential to blow up. Mr. Boies is taking on two different roles at Theranos. A lawyer represents a client — here Theranos — while a director, even at a privately held company like Theranos, represents the company’s investors.
What we found: Diplomas from prestigious schools boost future earnings only in certain fields, while in other fields they simply don’t make a difference.
Revenue for the quarter fell by about 7 percent to $998 million compared to the year before, while profits plummeted by 44 percent to $68 million. Shares of Chipotle, meanwhile, fell more than 5.5 percent in after-hours trading on the news, after dipping to their lowest level in over two years last month. The company’s stock is down almost 40 percent over the past three months alone, closing Tuesday at $476 a share.
