Money

Fake Company Reviews Are Flooding the Internet. Here’s What Firms Can Do

When it’s a seller’s market, buyers must show their best face. For companies trying to hire labor at a time of record employment, that can veer into manipulating online employer reviews, such as Glassdoor, according to a Wall Street Journal investigation. Online reviews must always strike a balance between protecting the anonymity, credibility, and independence …

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U.K.’s Metro Bank Sees Shares Plummet Over Profit Miss and Risky Loans

Shares in the U.K.’s Metro Bank plummeted Wednesday morning, falling as much as 33% after the bank missed profit expectations and revealed unwelcome exposure to risky commercial loans. Metro is a relative upstart, having been founded in the wake of the financial crisis. On Wednesday its 2018 results preview showed a 138% rise in pre-tax …

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Sony to Move Europe HQ from London over Brexit Concerns

Sony is moving its European HQ from London to the Netherlands to avoid Brexit-related problems. Company’s spokesperson Takashi Iida told Agence France Press that the electronics giant would be re-registering its European headquarters to minimize customs issues raised by Britain’s exit from the EU but has no plans to relocate personnel or operations. The move …

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U.S. Existing Home Sales Are Rapidly Slowing. Nobody Is Quite Sure Why

U.S. housing sales, a key pillar of economic growth in recent years, are looking weaker again. Existing home sales declined for much of 2018. In December, according to the National Association of Realtors, sales of single-family homes, condos, and co-ops fell a larger-than-expected 6.4% from the previous month. A Reuters survey of economists projected home …

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Six Millennials to Co-Chair Davos World Economic Forum Likely to Focus on Climate Change

The Swiss ski resort of Davos is about to become a refuge for politicians and executives seeking respite from a 2019 that’s mere weeks old and already proving turbulent–China slowing, Brexit unraveling, the U.S. government shuttering. For those seeking the familiar, this week’s annual World Economic Forum will feature the usual itinerary of glittering Champagne …

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Twitter Hopes Users Will Love Its Redesigned Desktop Layout—And Replace All the Bots It’s Been Purging

Twitter is rolling out a new homepage experience, as the social network seeks to engage its core audience and convince new users that the site is easy to use (and perhaps not so scary) after all. The new desktop Twitter experience was announced in a tweet on Tuesday afternoon, but is only initially being made …

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