New York Posts – Business

  • Toy tycoon leads crowdfunding effort to save Toys R Us brand
    by Lisa Fickenscher on March 24, 2018 at 1:51 am

    A budding campaign to buy Toys ‘R’ Us has hit a few bumps in the road, but its billionaire backer said he’s just getting started. Toy tycoon Isaac Larian — founder and chief executive of MGA Entertainment, maker of Little Tikes, Bratz dolls and LOL Surprise — says he was in talks with several major... […]

  • Already cheap MoviePass lowers its prices even more
    by Nicolas Vega on March 24, 2018 at 1:16 am

    MoviePass — whose subscription service has already made going to the movies ridiculously cheap — just slashed its prices again. The all-you-can-watch cinema buffet announced Friday that for a limited time it is lowering its monthly rate to $6.95 from $9.95 for new subscribers. MoviePass already made theater chains like AMC apoplectic when it changed... […]

  • Marcus Samuelsson accused of discriminating against black bartenders
    by Priscilla DeGregory on March 23, 2018 at 10:01 pm

    A former black employee is suing Ethiopia-born celebrity chef Marcus Samuelsson and one of his restaurants, claiming Samuelsson doesn’t like black bartenders, according to a new Manhattan federal lawsuit. In the unusual civil rights lawsuit, Campus Johnson says he was the only black male bartender out of 10 bartenders at Red Rooster in Harlem during... […]

  • I was fired for refusing to go to rehab for my ‘social drinking’: suit
    by Julia Marsh on March 23, 2018 at 9:36 pm

    They tried to make her go to rehab, but she said, “No, no, no.” An ousted merchandise manager with the online shopping company Rue La La says her ex-employer discriminated against her for the “disability” of alcoholism — while insisting she’s no lush. Now she’s filed a $5 million lawsuit against the e-commerce website claiming... […]

  • Dow loses 400 points on worries about a trade war
    by Carleton English on March 23, 2018 at 7:38 pm

    The Dow got slammed again on Friday, dropping more than 400 points on worries about a looming trade war with China. After ducking in and out of positive territory for much of the day, the Dow Jones industrial average tumbled in the late afternoon to close down 424.69 points at 23,533.20. The drop capped a... […]

  • Lawmakers formally ask Zuckerberg to testify on user data
    by Nicolas Vega on March 23, 2018 at 7:17 pm

    Congress has a message for Mark Zuckerberg: You’re the one that we want. Members of the House and Senate formally asked the Facebook chief executive to come to Capitol Hill to explain how 50 million users’ data got into the hands of political consultancy firm Cambridge Analytica. “Mr. Zuckerberg has stated that he would be... […]

  • BofA defrauded clients as it secretly routed trades to Bernie Madoff
    by Kevin Dugan on March 23, 2018 at 7:10 pm

    Bank of America secretly routed trades in order to enrich clients like Bernie Madoff while misleading other customers through “masked” messages for five years through 2013, according to the $45 million settlement with New York Attorney General Eric Schneiderman on Friday. BofA, which is led by CEO Brian Moynihan, sold stock at discounted prices to... […]

  • Spotify says 2 million listeners blocked ads for free
    by Alexandra Steigrad on March 23, 2018 at 7:05 pm

    Spotify said that about 2 million of its users have been accessing the ad-free version of its music-streaming service by using unauthorized apps, highlighting a potential revenue risk for the soon-to-be public company. The freeloaders — who represented 1.3 percent of its previously reported total user base — are still using third-party apps to gain... […]

  • Elon Musk deletes Facebook accounts for Tesla and SpaceX
    by Nicolas Vega on March 23, 2018 at 5:37 pm

    Facebook pages for Tesla and SpaceX disappeared Friday after CEO Elon Musk got dared to delete them on Twitter. The road to the pages’ surprise demise began when WhatsApp co-founder Brian Acton, who sold the messaging service to Facebook in 2014 for $19 billion, tweeted Wednesday that “It is time. #deletefacebook.” Acton hasn’t elaborated on... […]

  • Dropbox shares surge as much as 50 percent on first day
    by Reuters on March 23, 2018 at 5:07 pm

    Dropbox’s shares soared by as much as 50 percent in their first day of trading on Friday as investors rushed to buy into the biggest technology initial public offering in more than a year even as the wider tech sector languished. The stock opened at $29 on the Nasdaq and shot up to as high... […]