6 Most Important Things in Business Today

By Douglas A. McIntyre Updated Mar 13, 3:56PM EDT · Published Aug 18, 5:42AM EDT

Follow 24/7 Wall St. on Google

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

6 Most Important Things in Business Today — © Wikimedia Commons

Twitter Inc. (NYSE: TWTR) will stream NASCAR races live. The auto racing company released:

For the first time in the sport’s history, NASCAR will live-stream an in-car camera on Twitter for all 10 Monster Energy NASCAR Cup Series™ Playoffs races in 2017, NASCAR announced today.

Beginning with the first race of the NASCAR Playoffs at Chicagoland Speedway, NASCAR will provide fans a unique look from inside the race car with a live camera stream that can be accessed via its official Twitter handle, @NASCAR, and NASCAR.twitter.com.

Administration tax cuts may be in trouble. This is primarily true because the president’s remarks on race and religion have pushed away some of his Republican supporters in Congress. Reuters says this has hurt stocks.

[nativounit]
According to the news service:

These events, which also alienated some of Trump’s Republican allies, have dashed hopes for tax cuts and infrastructure spending, campaign promises that fueled much of this year’s gains in world stocks, emerging markets and commodities.

The AT&T Inc. (NYSE: T) deal to buy Time Warner Inc. (NYSE: TWX) was put in doubt by the president’s comments about the merger. The Wall Street Journal reports that problem has not been an impediment to the deal’s closing:

The government review of AT&T’s $85 billion takeover of Time Warner has reached an advanced stage, a significant milestone in a deal that was closely watched for signs of how the Trump administration would view large mergers.

One of America’s largest and oldest publishers wants to help women start businesses. According to The Wall Street Journal:

Hearst, the parent of media brands including Cosmopolitan and Esquire, is financing an “incubator” lab focused entirely on making early-stage investments in women-led startups

The CEO of Infosys Ltd. (NYSE: INFY) was pushed out of the company. The tech firm reported:

At its board meeting held on August 18, 2017, the Board of Directors of Infosys Limited accepted the notice of resignation of Dr. Vishal Sikka as the Managing Director and CEO, effective immediately.

In his notice of resignation to the Board, Dr. Sikka reiterated his belief in the great potential of Infosys, but cited among his reasons for leaving a continuous stream of distractions and disruptions over the recent months and quarters, increasingly personal and negative as of late, as preventing management’s ability to accelerate the Company’s transformation.

The former CEO of Uber attacked attacks on him. According to Reuters:

The ousted chief executive officer of Uber Technologies called a lawsuit filed against him by one of the company’s top investors a “public and personal attack” without merit, according to court documents filed late on Thursday.

Venture capital firm Benchmark Capital, which says it owns 13 percent of Uber and controls 20 percent of the voting power, sued former Uber CEO Travis Kalanick last week to force him off the board, where he still has a seat, and rescind his remaining power there, citing fraud and deception.

[wallst_email_signup]

About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.