Redstone family counters move to dilute its CBS vote power
WASHINGTON: The struggle over the future of CBS Corp took a new twist on Wednesday (May 16) as the holding company for controlling shareholder Shari Redstone said it revised the bylaws of the media group, a move aimed at heading off an effort to dilute her voting power.
National Amusements Inc ...
The popular dating and networking app Bumble revealed yesterday that it will be launching an investment fund for female-founded startups. Today, we’re launching Bumble Fund – focusing on early-stage investments, primarily in businesses founded and led by women of color and those from underrepresented groups. 🙌 #BeTheCEO https://t.co/euOkG10zVy — Bumble (@bumble) August 15, 2018 This comes after a recent study by Boston Consulting Group (BCG) and Mass Challenger, a network of startup accelerators, found that when women applied for investment, they received less funding compared to the average male founder, but made double the revenue. However, this hasn’t stopped the growth of the staggering… This story continues at The Next Web
KUALA LUMPUR: Kossan Rubber Industries Bhd posted 2.5% lower Q2 net profit of RM44.7mil as compared to RM45.84mil in the previous corresponding quarter due to an increase in costs and a less favourable exchange rate in the gloves division.