Money

Victoria’s Secret 2019 Fashion Show Is Now Officially Cancelled

Don’t look for angel on the runway this winter. L Brands has cancelled 2019’s Victoria’s Secret Fashion Show, saying the decision was part of a move to “evolve the messaging of [the company]”. The move follows months of speculation and the lowest ratings ever for the show in 2018. “We will be communicating to customers, …

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LinkedIn Removed 60 Million Spam Posts in the First Half of 2019—3.94 Billion Fewer Than Facebook

LinkedIn has released new data that shows how often—or rather how rarely—it has removed harmful content, fake accounts, and abuse from its service. The biggest problem on the social media site for professional networking is spammy content and fake accounts, according to the report. Within the first six months of the year, the company removed …

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Why PayPal’s Acquisition of Rewards Platform Honey Is a Big Deal

This article originally ran in Term Sheet, Fortune’s newsletter about deals and dealmakers. Sign up here. PayPal’s got a lot going on. It has agreed to acquire Honey, a Los Angeles-based provider of a deal-finding browser add-on and mobile app, for $4 billion. This is PayPal’s largest acquisition to date and the largest acquisition of a …

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Prepare to Be Watched Everywhere

Big Tech’s eyes and ears are proliferating. Their latest addition: Uber is piloting audio and video recording of rides. The car-hailing service is promoting this as a safety feature to help address assaults, reduce violence, and resolve disputes between riders and drivers. Uber, whose former CEO and cofounder Travis Kalanick once got caught on camera …

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How Yves Saint Laurent’s CEO Worked to Improve Corporate Culture

It seems obvious that clear organizational structure and healthy corporate culture would be keys to success in business. That doesn’t make either easy to implement. Indeed, the CEO of French fashion house Yves Saint Laurent, Francesca Bellettini, came to realize the storied firm had one culture for customers and an altogether different one for dealing …

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LVMH and Tiffany Are Talking Merger After Louis Vuitton Made Its Offer $1.2 Billion More Luxurious

LVMH and Tiffany & Co. entered talks after the French owner of Louis Vuitton boosted its offer for the U.S. jeweler in an effort to clinch the biggest acquisition ever in the luxury-goods industry, according to people familiar with the matter. The revised proposal is about $130 per share, said the people, who asked to …

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Employees’ Values Today Signal a Workplace Paradigm Shift

As workplaces diversify and millennials increasingly occupy the majority of company leadership roles, the way employees do their work is changing. Fortune asked several chief executives how today’s employees differ from the workforce of 10 or 20 years ago.  The CEOs who share their impressions in the video above include Western Union’s Hikmet Ersek, Ancestry’s Margo …

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Saudi Aramco Has a New Climate Change Challenge: Too Much Water

Climate change poses a serious risk to Saudi Aramco’s long-term business as rising sea levels and temperatures could damage infrastructure, curb productivity and even halt some of its operations. Sea level rises pose the biggest threat to Aramco’s business and may lead to some of its refining facilities being underwater in the next few decades, …

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All the Candidates Who Qualify for the December Democratic Debate—So Far

This post was last updated on November 21, 2019. The qualifications have been raised again for candidates in a still-congested Democratic presidential field looking to take the stage during the sixth debate in December. With Wednesday night’s rumble behind them, candidates will only qualify for the next debate on December 19 at Loyola Marymount University …

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