In 1970, Milton Friedman wrote an op-ed that would embolden investors and enrage activists for decades. Its title: “The social responsibility of business is to increase its profits.” Despite insistence from many that his doctrine is dead, Friedman acolytes still count at least one powerful ally: the U.S. Labor Department. In a new rule to […]
A startup that’s gambling on continued startup production has increased $10 million to move up from the likes of Morgan Stanley and also Carta. Fintech darling Stripe directed the Series A round in Pulley, a Mountain View, Calif.-based firm which helps young businesses handle their equity, the companies announced Wednesday. Especially, Stripe is now a […]
Profitability was strong in all areas of its business, but particularly impressed at its core light vehicles division, where a rising tide of demand lifted results already buoyed by emergency cost cutting undertaken last year. Read More
