Yahoo Finance How Facebook aims to dominate enterprise messaging
Stocks (^DJI, ^GSPC, ^IXIC) are slightly down at the midday mark, with utilities (XLU) leading the way down, but with energy (XLE) in the green. Peter P Costa, president of Empire Executions, joins us live from the New York Stock Exchange.
To discuss the other big stories of the day, Alexis Christoforous is joined by Yahoo Finance editor-in-chief, Andy Serwer and Thomson Reuters markets reporter Dion Rabouin.
‘Facebook at Work’ to launch in weeks
Facebook is coming to your office. Not the social media site you’re used to (and probably already use at the office). It’s launching an enterprise messaging service called “Facebook at Work” in a few weeks, hoping to catch up with the success of rival Slack. According to the media site The Information, Facebook will charge on a per user basis, just like Slack. This is a change from its prior plan to roll out a basic free service that charges for add-ons.
Trump’s failure to release tax returns fuels debate
The national conversation about Donald Trump and whether he pays federal income tax is not dying down. During Monday’s presidential debate, Trump said not paying taxes in some years “makes me smart.” But his refusal to release his tax returns is fueling a string of media stories, including an AP report that Trump has released returns when he stood to make a profit, needed a loan or when a judge forced him. And several commentators are refuting his assertion that you don’t learn much from examining tax returns.
Stanford offers $160K to MBA students willing to work in Midwest
Stanford’s Graduate School of Business wants to give $160,000 to three students who need the money and are willing to work in the Midwest for at least two years. Stanford says its “USA MBA Fellowship” is for students committed to economic development in “underserved regions” of the US. To get the money, you have to have to show strong ties to one of 12 Midwestern states and agree to return to the region within two years of graduating.
Wells Fargo scandal deepens
The Wells Fargo scandal keeps growing. This week, two class action suits were filed—one on behalf of fired employees and one on behalf of shareholders. Today, we learned that the Wells Fargo board is clawing back a total of $60 million from CEO John Stumpf and retail-banking head Carrie Tolstedt. But what about the customers? Yahoo Finance’s Ethan Wolf-Mann joins us to answer that question.
