DIRS.INFO The most relevant business & tech news

"This quarter puts Salesforce in a league of its own and isn't being appreciated nearly enough at these prices," Jim says. CRM YTD mountain Salesforce's year-to-date stock performance. That is likely why Salesforce stock traded at a valuation "well below" its peers, Smith argued at the time. For context, here's the full list of Salesforce peers included Starboard's presentation: Club holding Microsoft 's (MSFT) productivity and business processes segment, Adobe, Club holding Oracle (ORCL), Intuit (INTU), ServiceNow, Workday and SAP (SAP). Importantly, that $265 target is strictly the result of applying current average peer valuation to Salesforce's current growth/profit mix.

Persons: Marc Benioff, Jim Cramer, Jim, Salesforce, Jeff Smith —, Smith, Salesforce's, —, it's, Jim Cramer's, Patrick T Organizations: —, Club, ServiceNow, Adobe, Microsoft, Oracle, Intuit, SAP, CRM, CNBC, Salesforce.com Inc, Global Technology, Fallon, Bloomberg, Getty Locations: That's, TurboTax, Salesforce's, Laguna Beach , California, U.S

☆ Inside the Most Expensive ZIP Code in America
▼ + stars: | 2023-08-24 | by ( Jessica Flint | Photography Julie Goldstone For The Wall Street Journal | ) www.wsj.com time to read: 1 min

The small coastal enclave of Newport Coast, Calif., and its 92657 ZIP Code, located in Newport Beach in Orange County, had the priciest median residential listing price in the U.S. in July 2023, according to data from Realtor.com. ( News Corp , owner of The Wall Street Journal, also operates Realtor.com.) Situated between the Newport Beach community of Corona del Mar and the city of Laguna Beach, Newport Coast is roughly 3 miles wide and long, stretching from the Pacific Ocean northwest up into the hillside. With ample designated open space, Newport Coast has approximately 2,500 homes clustered into several neighborhoods with low to medium density. Many properties are large estates designed with Mediterranean influences and have sweeping views that can stretch from the ocean all the way inland to downtown Los Angeles.

Organizations: News Corp, Street, Corona del Mar Locations: Newport Coast , Calif, Newport Beach, Orange County, U.S, Realtor.com, Corona del, Laguna Beach, Newport Coast, Los Angeles

☆ Billionaire investor Ackman says he is shorting 30-year Treasuries
▼ + stars: | 2023-08-03 | by ( Svea Herbst-Bayliss | ) www.reuters.com time to read: +3 min

"We are short in size the 30-year T," Ackman wrote on messaging platform X, formerly known as Twitter. "We implement these hedges by purchasing options rather than shorting bonds outright," Ackman wrote. Ackman said higher defense costs, energy transition and the greater bargaining power of workers all point toward higher inflation. "The best hedges are the ones you would invest in anyway even if you didn't need the hedge," Ackman wrote. A spokesman for Ackman didn't respond to a Reuters request for additional comment.

Persons: Bill Ackman, Mike Blake, William Ackman, Ackman, Treasurys, Fitch, Svea Herbst, Bayliss, Shri Navaratnam Organizations: Pershing, Capital, Wall Street Journal Digital, REUTERS, Capital Management, U.S, Twitter, Federal, White, Svea, Thomson Locations: Laguna Beach , California, U.S

☆ These Wheels Can Handle Sand and Surf. Grab the Sunscreen.
▼ + stars: | 2023-06-07 | by ( Karen Angel | ) www.nytimes.com time to read: +2 min

The company sells its chairs for around $12,000 — a particularly hefty sum considering that beach wheelchairs aren’t covered by Medicaid or Medicare. There also is at least one manual model that can be propelled by the user: the Hippocampe All-Terrain Beach Wheelchair, which retails for around $4,000 and is manufactured by Vipamat, based in France. Among the more economical options, Wheeleez offers kits to convert a street wheelchair into a beach wheelchair. Options range from around $300 to $1,000, depending on the size and number of wheels. “This was until I discovered two revolutionary inventions — the beach mat and beach wheelchair — that reopened the magic of my native Florida beaches to me again.”

Persons: ”, Deming, “, Sylvia Longmire, ” Ms, Longmire Organizations: Vipamat, California Coastal Commission, Globe Locations: Florida, Ocean City, Md, France, California, Imperial, San Diego County, Laguna Beach, Orange County, Sanford, Fla

☆ Chinese star banker Bao Fan detained by country’s top anti-graft body, state media says
▼ + stars: | 2023-06-01 | by ( Laura He | ) edition.cnn.com time to read: +3 min

The mysterious disappearance of Bao has sent a chill through financial markets and China’s tech sector. Shares in China Renaissance had plunged more than 20% until they were suspended from trading in early April. China Renaissance had previously revealed only that Bao was “cooperating in an investigation” being carried out by certain authorities in the country. The specific agencies handling Bao’s case include the CCDI’s international cooperation bureau and Beijing’s municipal anti-graft authorities, the Economic Observer said. Cong has been detained by anti-corruption authorities since September for matters related to his tenure at ICBC Financial Leasing, the Economic Observer said.

Persons: Bao Fan, Bao, didn’t, Mike Blake, dealmaker, Xi, Cong Lin Organizations: Hong Kong CNN, Economic Observer, Central Commission, CNN, Communist Party, China Renaissance, Analysts, China’s, Industrial, Commercial Bank of China, Financial Leasing Locations: Hong Kong, China, Bao, Laguna Beach , California, Dianping

☆ Strange, 7-foot-long cannibalistic fish with fangs that live in the deep sea are washing up on the West Coast and scientists don't know why
▼ + stars: | 2023-05-06 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +3 min

Lancetfish live in the deep sea, have fanged jaws and long scaleless bodies, and eat their own. The cannibalistic fish has been washing up on the West Coast, but scientists can't explain why. Video taken in California in 2021 shows a lancetfish flapping its jaw and writhing on the sand. Sign up for our newsletter to get the latest on the culture & business of sustainability — delivered weekly to your inbox. The video shows the lancet flapping its fanged jaw and writhing wildly on the sand.

☆ Diane Keaton Likes a Messy Comedy
▼ + stars: | 2023-05-06 | by ( Chris Kornelis | ) www.nytimes.com time to read: +1 min

“I did what I could, you know, sort of.”The 77-year-old Oscar-winning actress talked about Goodwill fashion, Miley Cyrus and tortillas. My mom and I would go around to the Goodwill and we would buy old clothes — an old skirt, a blouse — and she would make it into a better version of that. 3The BeachMy father loved the ocean. For almost a year, I’ve been trying to buy a beach house. It’s not like it’d be a grand beach house, but everybody’s holding on to their homes.

[1/2] Sam Altman speaks at the Wall Street Journal Digital Conference in Laguna Beach, California, U.S., October 18, 2017. "We hope to ... build something great for Japanese people, make the models better for Japanese language and Japanese culture," Altman told reporters following his meeting with Kishida. Asked about Italy's temporary ban on ChatGPT - developed by Microsoft Corp (MSFT.O) backed OpenAI - Matsuno told a regular news conference that Japan is aware of other countries' actions. Japan will continue evaluating possibilities of introducing AI to reduce government workers' workload after assessing how to respond to concerns such as data breaches, Matsuno said. OpenAI CEO Altman said he told Japan's Kishida about "the upsides of this technology and how to mitigate the downsides" at the Monday meeting in Tokyo.

☆ Factbox-Five facts about missing star Chinese dealmaker and his firm
▼ + stars: | 2023-02-18 | by ( Xie Yu | ) www.reuters.com time to read: +2 min

HONG KONG (Reuters) - Well-known Chinese dealmaker Bao Fan, founder of investment bank China Renaissance Holdings Ltd, has gone missing in the latest disappearance of a top business executive in the country, unnerving investors. FILE PHOTO: Fan Bao founder and CEO of China Renaissance speaks at the WSJD Live conference in Laguna Beach, California October 25, 2016. Here are five facts about Bao and his firm --* Bao entered China’s prestigious Fudan University in 1989, and later received his master’s degree from the BI Norwegian School of Management. Its investment management business has assets worth around 48.6 billion yuan by the end of last June. It earned $20.6 million in Chinese related investment banking fees in 2022, down from $43.13 million a year earlier.

☆ Well-Known Chinese Financier Is Unreachable, His Firm Says
▼ + stars: | 2023-02-16 | by ( James T. Areddy | ) www.wsj.com time to read: 1 min

Fan Bao raised his profile speaking at international financial conferences such as a Wall Street Journal technology gathering in Laguna Beach, Calif., in 2016. A high-profile Chinese fund manager and investment banker, Fan Bao, is unreachable, according to the financial firm he controls and leads as chairman, China Renaissance Holdings Ltd.China Renaissance shed no light on Mr. Bao’s situation, saying only that it has been unable to contact him.

☆ Peltz ends Disney proxy fight as Iger launches restructuring
▼ + stars: | 2023-02-09 | by ( ) www.reuters.com time to read: +1 min

[1/2] Nelson Peltz founding partner of Trian Fund Management LP. speak at the WSJD Live conference in Laguna Beach, California October 25, 2016. REUTERS/Mike Blake/File PhotoFeb 9 (Reuters) - Activist investor Nelson Peltz called off his bid for a seat on the board of Walt Disney Co (DIS.N) on Thursday after Chief Executive Bob Iger revealed a plan to restructure and cut costs. Peltz's Trian Fund, after Third Point's Daniel Loeb, pushed the company to make changes after the pandemic crushed its parks business and forced it to increase expenditure to weed out competition in the streaming industry. Here is what happened since Iger retired in 2020:Reporting by Akash Sriram and Tiyashi Datta in Bengaluru; Editing by Sriraj KalluvilaOur Standards: The Thomson Reuters Trust Principles.

☆ 34-year-old's startup, worth $1.5 billion and backed by Google, wants to make tutoring free for kids everywhere
▼ + stars: | 2023-02-09 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +4 min

As college prep season starts, some high schoolers — or their parents — are probably thinking about hiring private tutors to help boost their SAT scores. It makes a difference: Research shows that private tutoring can help improve SAT scores by roughly 37 points, which can make a difference on college applications. The 34-year-old is the CEO and founder of Paper, a Montreal-based virtual learning platform he launched in 2014 to try making private tutoring more financially accessible. He quickly learned that wealthier students often performed better in school, even before they hired private tutors. Over the last five years, the startup has made some of its biggest strides in "large, urban districts," Cutler says.

☆ 4 women execs at Meta, Pinterest, Hyundai and Heineken share the early morning routines that helped them climb the corporate ladder.
▼ + stars: | 2023-01-19 | by ( Lola Christina Alao | ) www.businessinsider.com time to read: +6 min

Insider talked to four female senior executives about their morning work routines. They all start work no later than 7:30 a.m.Two of the execs — Christine Trodella and Olabisi Boyle — prefer to take walking meetings. Insider spoke with four women who've climbed to the corporate ladder — up to senior executive roles at companies including Hyundai and Pinterest — about theirs. Christine TrodellaChristine Trodella, the director of B2B-commercial sales for Reality Labs at Meta, typically starts work between 6 and 7 a.m. "I start work between 7:15 and 7:30 a.m. but wake up at 5 a.m. to give myself time to breathe," she said.

☆ Disney says Peltz 'lacks skills' to help business as proxy battle heats up
▼ + stars: | 2023-01-17 | by ( ) www.reuters.com time to read: +2 min

"Peltz does not understand Disney's businesses and lacks the skills and experience to assist the board in delivering shareholder value in a rapidly shifting media ecosystem," Disney said. Peltz told CNBC on Thursday that Disney should either jettison the streaming business or buy the rest of rival streaming service Hulu. Disney also needs to boost capital expenditure at its parks business, where it probably raised ticket prices "too hard," he said then. In its statement on Tuesday, Disney said it was already working to improve profitability at the Disney+ streaming business that Iger helped launch in 2019 and was rolling out broader cost-cutting measures. Unless Peltz settles with Disney, investors will vote this year on whether he should sit on the company's board.

The tussle with Disney could be Peltz's biggest proxy battle since an acrimonious fight to bag a seat on the board of Tide detergent-maker P&G (PG.N). During his more than three-year tenure on P&G's board, the firm's stock price rose nearly 80%. Peltz's Trian Fund Management on Thursday filed documents with the U.S. securities regulator for his election as a director after Disney denied him a board seat. "Iger is a well-liked CEO, not only within Disney and its employees but also in Hollywood and the stock market. Investors will vote later this year on whether Peltz should sit on the company's board, unless it's settled before.

☆ Activist investor Peltz kicks off battle for Disney board seat
▼ + stars: | 2023-01-12 | by ( ) www.reuters.com time to read: +2 min

[1/2] Nelson Peltz founding partner of Trian Fund Management LP. The prominent activist investor's Trian Fund Management on Thursday filed documents with the U.S. securities regulator for his election as a director at Disney after the company denied him a board seat. "Peltz -- with a change-maker history at targets including P&G, Heinz, and Wendy's -- could provide a measure of that." Trian Fund Management owns roughly $900 million worth of Disney stock, which equates to about 0.5% stake, under the disclosure threshold of 5%. Sources familiar with Disney have said he has only leveled criticisms without offering possible solutions.

☆ Amazon lost half its value this year as tech stocks got crushed and recession fears grew
▼ + stars: | 2022-12-29 | by ( Annie Palmer | ) www.cnbc.com time to read: +2 min

Andy Jassy, CEO of Amazon and then CEO of Amazon Web Services, speaks at the WSJD Live conference in Laguna Beach, California, October 25, 2016. It was a brutal year for mega-cap tech stocks across the board. Only Tesla , down 68%, and Meta , off 66%, have had a worse year among the most valuable tech companies. That drove Amazon's stock to record highs as sales soared. It's since paused or abandoned plans to open some new facilities, and its head count shrank in the second quarter.

☆ Cramer picks favorite down-and-out stock for 2023 and calls a bottom on another name
▼ + stars: | 2022-12-15 | by ( Matthew J. Belvedere | ) www.cnbc.com time to read: +3 min

But Jim Cramer said during the Club's December "Monthly Meeting" on Thursday that he has hope for both of them. Disney (DIS), Jim said, might just be his favorite down-and-out stock for 2023. Bob Iger is back as Disney CEO. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

REUTERS/Mike BlakeDec 13 (Reuters) - Fox Corp (FOXA.O) Chairman Rupert Murdoch is set to be questioned under oath on Tuesday in a defamation lawsuit over his network’s coverage of unfounded vote-rigging claims during the 2020 U.S. presidential election. The deposition comes as special committees of the boards of directors for News Corp (NWSA.O) and Murdoch-controlled Fox Corp consider a proposal from Murdoch to re-combine, nearly a decade after the companies split. Murdoch will be questioned via videoconference on Tuesday and Wednesday by lawyers for Dominion, according to a filing in Delaware Superior Court. On Dec. 5, Murdoch’s eldest son and executive chair and CEO of Fox Corp (FOXA.O), Lachlan, sat for a deposition in Los Angeles. Murdoch’s other son, James Murdoch, was questioned in October.

On Monday, the company announced the departure of Slack CEO Stewart Butterfield, who joined Salesforce last year as part of its biggest acquisition ever. Taylor, who joined Salesforce in 2016 through the acquisition of his startup Quip, said he'd "decided to return to my entrepreneurial roots." While Taylor and Butterfield are the highest-profile exits, they're far from alone among Salesforce's executive ranks. Noah Weiss, senior vice president of product at Slack, will succeed Yehoshua, Butterfield said in a Slack message. Butterfield is being succeeded by Lidiane Jones, an executive vice president at Salesforce who joined in 2019.

☆ DoorDash lays off 1,250 employees
▼ + stars: | 2022-11-30 | by ( Rohan Goswami | ) www.cnbc.com time to read: +1 min

Tony Xu, co-founder and chief executive officer of DoorDash Inc., smiles during the Wall Street Journal Tech Live conference in Laguna Beach, California, U.S., on Tuesday, Oct. 22, 2019. Delivery service DoorDash is laying off 1,250 corporate workers as part of a continued cost-cutting effort, driven by tapering growth and overhiring, CEO Tony Xu said in a message to employees on Wednesday. 1, a decision that Xu told employees would give them "as much time possible to find a new job." DoorDash will set a termination date of March 2023 for H1-B visa holders, allowing overseas workers as much time as possible to find a new opportunity. DoorDash shares are down over 60% year-to-date.

☆ CrowdStrike shares tumble on weaker-than-expected growth in new revenue
▼ + stars: | 2022-11-29 | by ( Ashley Capoot | ) www.cnbc.com time to read: +2 min

CrowdStrike shares plunged 18% in extended trading on Tuesday after the cybersecurity company reported third-quarter results that top estimates but said new revenue growth was weaker than expected. More than $198 million was net new ARR added in the quarter, which ended Oct. 31. The company also added 1,460 net new subscription customers for the quarter. Last year, CrowdStrike's ARR increased by more than 67% in the third quarter, and the company added 1,607 net new subscription customers for that same period. Prior to the after-hours move, shares of CrowdStrike were down more than 32% so far this year.

Rep. Katie Porter ran against Republican Scott Baugh in California's 47th Congressional District. 2022 General EmbedsCalifornia's 47th Congressional District candidatesPorter ran for her third term in the House and sits on the Committee on Oversight and Government Reform. This was Baugh's third time running for the 47th Congressional District seat. Voting history for California's 47th Congressional DistrictCalifornia's 47th Congressional District is an affluent coastal district that covers a large swath of Orange County. Her opponent, Baugh, raised $2.7 million, spent nearly $2.6 million, and had $139,000 cash on hand, as of October 19.

☆ Lauren Conrad, Kristin Cavallari and Stephen Colletti reunite to talk ‘Laguna Beach’
▼ + stars: | 2022-11-09 | by ( Marianne Garvey | ) edition.cnn.com time to read: +1 min

CNN —Lauren Conrad and Kristin Cavallari have reunited on a podcast to talk all things “Laguna Beach.”The former reality show co-stars joined Stephen Colletti for Cavallari and Colletti’s “Back to the Beach” podcast, which recaps the series in current time. This week, Conrad was the guest, and admitted that while home sick with Covid, she rewatched the MTV series. “Watching it was so much worse than I imagined it would be,” Conrad said. “It was really cringey.”Cavallari and Conrad were frenemies on the series, and also had a mutual former boyfriend in Colletti. I’m so sorry,” Conrad said to Cavallari.

☆ Democratic Rep. Katie Porter faces off against Republican Scott Baugh in California's 47th Congressional District election
▼ + stars: | 2022-11-02 | by ( Hanna Kang | ) www.businessinsider.com time to read: +4 min

Rep. Katie Porter is running against Republican Scott Baugh in California's 47th Congressional District. California's 47th Congressional District candidatesPorter is running for her third term in the House and sits on the Committee on Oversight and Government Reform. This is Baugh's third time running for the 47th Congressional District seat. Voting history for California's 47th Congressional DistrictCalifornia's 47th Congressional District is an affluent coastal district that covers a large swath of Orange County. After the district lines were finalized, Porter announced she would switch districts to run in the new 47th District, a coastal district that encompasses her hometown of Irvine.

Search resuls for: "Laguna Beach"

25 mentions found