An analysis of corporate philanthropy finds that donations to causes affiliated with politicians look a lot like lobbying.
Supported by Television Cardi B to Co-Host ‘The Tonight Show’ With Jimmy Fallon on Monday Photo Cardi B, who will be co-hosting and performing a song on “The Tonight Show” on Monday. Credit Evan Agostini/Invision, via Associated Press When they zig, he zags.
Cardi B will be co-host “The Tonight Show” with Jimmy Fallon next Monday night, the first time the show has ever had two people sharing hosting duties, NBC said on Tuesday.
Next Monday’s show will, as usual, stand out compared to his competitors: Mr. Fallon has kept his show joke-and-celebrity heavy while CBS’s Stephen Colbert and ABC’s Jimmy Kimmel have gotten increasingly political. In that time, Mr. Fallon’s ratings have declined while Mr. Colbert and Mr. Kimmel have seen their total viewerships go up.
Enter Cardi B.
The Bronx-born rapper appeared on Mr. Fallon’s show in December, and her segment on the couch became a viral hit. To date, the five-minute interview has collected more than 16 million views. She also appeared ..
Supported by Television Bill Cosby Jury to Hear Account That His Accuser Was Scheming Photo Bill Cosby, right, with his spokesman, Andrew Wyatt, as they make their way to the courtroom for jury selection for Mr. Cosby’s trial on sexual assault charges. Credit Michael Bryant/Agence France-Presse — Getty Images NORRISTOWN, Pa. — In a major victory for Bill Cosby, the judge in his sexual assault trial ruled Tuesday to admit testimony from a Temple University academic adviser who says that Mr. Cosby’s central accuser, Andrea Constand, told her she could make money by falsely claiming that she had been molested by a prominent person.
Judge Steven T. O’Neill of the Montgomery County Court of Common Pleas had barred the testimony of the administrator, Marguerite Jackson, 56, an adviser in Temple’s Boyer College of Music and Dance, during Mr. Cosby’s first trial, which ended with a hung jury last summer.
That ruling came after Mr. Constand, a former staff member for the Temple women’s bas..
New York Fed Names John Williams President, Bucking Calls for Diversity Photo John C. Williams, president of the Federal Reserve Bank of San Francisco, has been chosen to lead the New York Fed. He will bring academic expertise, which is in short supply among the Fed’s senior leaders. Credit Andrew Mangum for The New York Times The Federal Reserve Bank of New York on Tuesday named John C. Williams as its next president, choosing a longtime insider for what is widely regarded as one of the Fed’s most influential positions.
Mr. Williams, the 55-year-old president of the San Francisco Fed, is a respected economist who will bring academic expertise that is in short supply among the Fed’s senior leaders. But unions, progressive groups and Democratic lawmakers had pushed the Fed to diversify its senior leadership beyond Fed veterans and white males, and the selection drew immediate criticism.
Mr. Williams will succeed William C. Dudley, who announced last fall that he planned to step down thi..
Wrong Flag Flying: Wall Street Greets Spotify With Swiss Banner
Wall Street was prepared for Spotify’s listing on the New York Stock Exchange this morning.
Analysts were ready with their reports. The tech media was closely watching Spotify’s unusual direct listing. Gene Simmons of Kiss appeared on CNBC, representing the skeptical artist position on the streaming economy.
The exchange itself, however, didn’t have things quite right. In a botched attempt at hospitality, the Big Board marked the occasion by flying the red and white flag of Switzerland outside its building at 11 Wall Street — but Spotify has its headquarters in Stockholm, Sweden.
The error was quickly corrected, with a blue and yellow Swedish flag taking the place of the Swiss banner. But by then it was too late — Scandinavian Twitter had captured the mix-up.
Extremt mycket lol på Wall Street när NYSE hissar en schweizisk flagga. $SPOT #sthlmtech pic.twitter.com/snA6P1i7OX
Sven Carlsson (..
Supported by Commercial Real Estate Recent Commercial Real Estate Transactions Photo A five-story mixed-use 2001 building at 641 President Street in Park Slope, Brooklyn, was one of three buildings in a $12.6 million deal. RECENT SALE$12.6 MILLION
641 President Street and 682 Union Street (between Fourth and Fifth Avenues)
Park Slope, Brooklyn
A local private investor has bought these two properties, consisting of three interconnected buildings, which together offer a cap rate of 5.1 percent. Two of the buildings, adding up to 13,850 square feet, are at the 641 President Street address. A mixed-use, 25-foot-wide, five-story elevator building there, completed in 2001, features four market-rate apartments — two one-bedrooms and two two-bedrooms — as well as a vacant ground-floor retail space, once a cafe and juice bar. A long hallway from it leads into the second building, a fully occupied 17-unit, two-story 1920 office building. The office building has an exit at 682 Union Street, ..
Supported by Business Day Tesla Reports Progress in Model 3 Production Photo A Model 3 sedan, Tesla’s first car built for the mass market, at a company event in Hawthorne, Calif., in 2016. Credit Joe White/Reuters Tesla said on Tuesday that it had produced almost 10,000 Model 3 electric cars in the first three months of 2018, a significant increase from the fourth quarter of last year but still short of the goal that investors hoped the company would reach.
The company said it had expanded output of the Model 3, its first mass-market offering, by “rapidly addressing production and supply chain bottlenecks, including several short factory shutdowns to upgrade equipment.”
The Model 3 is critical to Tesla’s efforts to shore up its finances and generate revenue to repay investors and to develop other vehicles, including an electric truck.
In the past seven days, Tesla said, it produced 2,000 Model 3 vehicles, a rate it expects to sustain in the coming week.
Supported by Fashion & Style Men’s Wear Just Had a Huge Designer Reshuffle: What Does it Mean? Photo Kris Van Assche, shown at the end of the spring 2017 Dior Homme show in Paris, is becoming the artistic director at Berluti. Credit Francois Guillot/Agence France-Presse — Getty Images British cabinet reshuffles have nothing on the men’s wear world. On Tuesday, LVMH Moët Hennessy Louis Vuitton announced that Kris Van Assche would become the new artistic director of Berluti, completing the final move in what may be the biggest reinvention yet of the men’s side of the world’s largest luxury group.
Not that the announcement put it that way, exactly. What Antoine Arnault, chief executive of Berluti, said in a brief statement was simply, “I am delighted to welcome Kris Van Assche to Berluti. I have known him for several years, have always admired his work at Dior Homme and I am looking forward to working with him.”
Look at the bigger picture, however.
Hedi Slimane, who spent seven years..
Supported by It’s Spotify’s Big Day. Here’s What to Expect: DealBook Briefing Photo Daniel Ek Credit Ilya S. Savenok/Getty Images For Spotify Good Tuesday morning. Here’s what we’re watching:
• Spotify’s shares will begin trading on the Big Board today.
• If the markets fall again, we have some possible explanations.
• Should Facebook offer “Why Me?” buttons?
• Disney has offered to buy Sky News to help Fox’s Sky bid.
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Spotify hopes its shares won’t jump too much todayIt’s not going to be like a traditional listing, where companies ring a bell and make a huge fuss. Spotify is particularly keen to avoid another trope of successful I.P.O.s: a big “pop” in its share price on Day 1.
Alex Barinka of Bloomberg explains how the company has set up its direct listing:
With Spotify, there’s no predetermined supply and the company isn’t selling in the offering. The company’s advisers have had to work a long list of existing investors to try t..
Severe cold weather in February and March saw many people’s travel plans disrupted as snow, ice and strong winds wreaked havoc across the UK
The Beast from the East wiped £4m off of Flybe’s revenues due to flight cancellations, airport closures and delays, according to the budget airline’s estimates.
Severe cold weather in February and March saw many people’s travel plans disrupted as snow, ice and strong winds wreaked havoc across the UK. Flybe said it cancelled 994 flights in the three months to 31 March, compared to 372 in the same period last year.
In its latest trading update on Tuesday, the struggling Exeter-based carrier said its turnaround plans were starting to yield positive results.
Read more Airline competition has benefited passengers, but there are limits Revenue per seat – a closely watched measure of an airline’s financial performance – was up 9 per cent to £50.84, behind rivals such as easyJet which reported £55.99 on the same measure in January.