Adebola Oyewumi

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The founder of the doomed Fyre Festival could spend years in prison after pleading guilty to defrauding investors out of millions of dollars

AP Photo/Mark Lennihan<p><b>The Fyre Festival organizer Billy McFarland pleaded guilty to wire-fraud charges on Tuesday.</b>• <b><br>The 26-year-old was arrested in June after being accused of misleading investors who poured money into Fyre Media.</b>• <b><br>McFarland admitted to defrauding 80 investors and a ticket broker out</b> …

Corruption

Why China's First Big Commercial Jetliner Won't Quite Fly Overseas

China has given a full slate of passing scores to its first homemade large commercial aircraft, the would-be rival to planes developed by established foreign aerospace developers. That means the C919, similar in specs to mid-sized Airbus and Boeing aircraft, can legally fly hundreds of people at …

Aviation

The Guardian pulls out of Facebook’s Instant Articles and Apple News

Publishers aren’t happy with the deal platforms are cutting them. Now, the Guardian has dropped both Facebook’s fast-loading Instant Article format …

Advertising Industry

Jing-Jin-Ji: China Planning Megalopolis the Size of New England

TIANJIN, China — China's rulers are planning a megacity that would be home to 130 million people and cover an area the size of New England.<p>Sitting on the northeast coast of China, Jing-Jin-Ji — which stands for "Beijing-Tianjin-Hebei" — is a central plank of the country's economic development plan …

China

Trump Puts a Presidential-Size Spotlight on His Brand

WASHINGTON — President Trump’s Saturday started with a trip to the Trump National Golf Club in Sterling, Va.<p>By Saturday night, on one of the few weekends since the inauguration that Mr. Trump remained in Washington, the president was dining at the Trump International Hotel a few blocks from the …

Donald Trump

China Huishan Dairy 'lost contact' with top exec days before 90% stock plunge - Mar. 28, 2017

A major Chinese dairy firm, whose shares nosedived as much as 91% last week, revealed it has lost contact with a top finance executive and missed bank payments.<p>The mysterious plunge in China Huishan Dairy shares on Friday wiped $4.1 billion off its market value, triggering confusion and speculation …

China

Alabama City Agrees to Pay Dozens Jailed in 'Debtors Prison'

A small Alabama town has agreed to dole out $680,000 among nearly 200 poor people it had jailed for failure to pay court fines, settling a case that embodied a national movement to fight what reformers call the criminalization of poverty.<p>The lawsuit, filed in September 2015 by the Southern Poverty …

Southern Poverty Law Center

There is a huge hole in Trump's promise to bring back US manufacturing jobs

But in manufacturing these days, buying American often means creating jobs for robots, not humans.<p>The story of SoftWear, a sewing-automation company in Atlanta, should throw some cold water on Trump's dreams of returning thousands of Americans to manufacturing jobs.<p>SoftWear started with a group of …

Georgia Tech

Want More Brand Searches on Google? Advertise on Bing or Facebook [DATA]

We keep it no secret around here that Google search is big business. With a healthy majority of the search market share across the globe, it’s …

AdWords

China's Crackdown On Capital Flight Is Claiming Some Of Its First (And Biggest) Victims

Chinese businesses went on a global shopping frenzy last year, buying assets ranging from property to entertainment studios worth hundreds of billions of dollars.<p>This year, however, foreign executives are unlikely to see Chinese buyers lining up at their doors. Outbound investments and projects are …

China

Are Your Job Titles Handcuffing Your Marketing Agency to a Bygone Era?

In the tech field, concepts like innovation, disruption and questioning long-held beliefs are more than just lip service — they’re the core of the …

Marketing

Why ‘challenger banks’ haven’t taken off in the U.S.

Digital banks, big in the U.K., have a trust problem in the States.<p>“Challenger banks,” as they’re called across the pond, include the likes of Monzo, …

Advertising Industry

One of Trump’s Closest Friends Is Dumping His Failed Casino

Carl Icahn only wants one Atlantic City casino, and it’s not the one that says “Trump” on it.<p>In February 2016, billionaire investor <b>Carl Icahn</b> took over the Trump Taj Mahal casino in Atlantic City after its parent company, Trump Entertainment Resorts, emerged from chapter 11 bankruptcy. (Then …

Lyft Seeks At Least $500 Million in New Round of Funding | Inc.com

Lyft has been quietly pitching investors for a new round of funding that could boost its valuation to as much as $7 billion.<p>The ride-hailing service hopes to raise at least $500 million, according to <i>The Wall Street Journal</i>. Lyft, which is currently valued at $5.5 billion, has not said publicly …

Lyft

Snapchat wanted $150,000 to NOT run NRA ads on gun control group videos

Explosive emails obtained by Mic have painted Snapchat in a negative light, after it asked a gun safety charity for a six-figure payout to prevent NRA adverts playing on its videos.<p>Everytown for Gun Safety is an advocacy group that focuses on gun safety and violence issues. According to Mic, it …

AmEx Is Giving Away Free Uber Rides to Keep Its Platinum Cardholders From Leaving

American Express will begin to offer this month $200 a year in Uber rides, plus other new perks, on its Platinum charge cards as it fights to protect …

Personal Finance

Wendy's adds automation to the fast-food menu

Wendy's Co., home of the old-fashioned burger, is serving up something cutting-edge: self-service ordering kiosks.<p>The Dublin, Ohio-based fast-food company is adding machines to at least 1,000 restaurants, or about 15% of its stores, by the end of the year. Wendy's began installing these kiosks last …

Ahead of its IPO, the Snapchat backlash is in full swing - Digiday

The knives are out for Snap as the company preps for an initial public offering this week — a textbook backlash that big tech companies from Facebook …

Advertising

How a Rogue McDonald’s Franchisee Invented the Big Mac and Changed Fast Food Forever

Jim Delligatti was frustrated. It was 1967, and Delligatti had been running a McDonald’s franchise for eight years. His market was Pittsburgh, and …

Food

High-end editorial content deemed more 'memorable' and 'engaging' than news feeds, Teads study suggests

Through a recent neuro- scientific study of the impact of editorial articles on memory, outstream video company Teads estimates that 16% of those …

Dare Your Brand To Make It To 2020

Quick question.<p>Is it better for your brand to have one million views (hits) on YouTube or one million minutes viewed?<p>Let’s answer this right away. It’s better to have one million viewed minutes. Why? Because on YouTube, it’s not <i>how many</i> people watched, but <i>how long</i> people watched—minutes viewed is …

Marketing

New Mexico tribe puts up land for $160M medicinal greenhouse

ALBUQUERQUE, N.M. (AP) — On a patch of tribal land in western New Mexico, a company plans to build a $160 million state-of-the-art greenhouse for researching and growing medicinal plants, including marijuana.<p>Bright Green Group of Companies is partnering with Acoma Pueblo on what would be the …

Cannabis

4 months in: The Telegraph’s subscription rate has increased by 300 percent

The number of new people signing up to subscribe to The Telegraph on any given day has grown 300 percent since the newspaper put 20 percent of its …

New York Times

France passed a new advertising transparency law the entire global ad industry should pay attention to

Loi Sapin is an anti-corruption law that was introduced in France in 1993 in order to make the business of media-buying more transparent.<p>Under the law, media-buying agencies are not allowed to work as both the buyer and seller of advertising for their client. In other words, it means they can't …

Digital Advertising

Sunrise Records to move into 70 closing HMV locations across Canada

Sunrise Records is placing a major bet on Canadian music sales with plans to move into 70 retail spaces being vacated by HMV Canada.<p>The Ontario-based music retail chain has negotiated new leases with mall landlords across the country.<p>Sunrise's expansion gives the company a quick foothold in the …

Thousands protest in Belarus against law targeting jobless

MINSK, Belarus (AP) — Local media in Belarus say about 3,000 people have demonstrated across the country against an unpopular new labor law that targets the unemployed.<p>The protests Sunday in four regional cities, which included an estimated 1,000-strong rally in the eastern city of Vitebsk, are a …

Labor Law

SoftBank Is Homing in on a $3 Billion Investment in WeWork

Japan’s SoftBank Group is close to making an investment in U.S. office-sharing startup WeWork (wework) expected to be worth over $3 billion, CNBC …

Venture Capital

These Economic Migrants Have Absolutely No Problem Making It Across Borders

As debate over immigration rages in Europe and border lockdowns polarize the U.S., one group of migrants is increasingly mobile: millionaires.<p>The …

Red Carpet

Goldman Sachs thinks the Trump rally in stocks is doomed

Now the markets are counting on it. Stocks have soared. And everyone is happy. So why is Goldman Sachs dissing the rally with increasing intensity on a near-weekly basis?<p>Goldman shares have surged 58% since early October when it became clear to the markets that Trump had a chance. Some of its …

Markets