Business

By Bill Blain of Mint Partners

Blain's Morning Porridge, July 13

    “Never mind manoeuvers, always go at them.”

Methinks we worry too much.

Did Janet Yellen really reverse so fast?

Uber and Yandex, the "Google of Russia", have agreed to merge their ride-sharing businesses in Russia and in five markets across Central Russia, a deal in which Uber cedes control of the market to the Moscow company after years of fierce competition. Diversified internet giant Yandex is the dominant player in Web search, maps and mobile navigation in the region.

The 59-year old CEO of Swedish Security Firm Securitas was declared bankrupt this week after hackers stole his identity, took out a loan in his name, then filed for bankruptcy.  As Bloomberg noted, “the sub-optimal branding implications were hard to miss.”

The prosecution has continued to call witnesses and show evidence in the trial of Martin Shkreli, providing the jury with documents to prove that Shkreli mislead investors by telling them he was managing $100 million when his fund had a balance of negative 33 cents in its prime brokerage account.

Another witness and former Shkreli investor told the jury how couldn’t tell if Shkreli’s flirts were genuine, or if the “Pharma Bro” really did have feelings for him.