Covered Bridge: A Short Blog On Business News

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It’s been an decent Monday for business coverage, that is, if you managed to find it underneath the back-and-forth between the White House and Israeli PM Netanyahu. But that’s why we’re here, bringing you the stories you may have missed.

Like this one:

Former White House press secretary Jay Carney started work this morning for Amazon. Politico broke the news before the weekend that former White House press secretary will be managing public relations for the ecommerce giant as senior vice president for Worldwide Corporate Affairs. Some insiders have suggested Amazon’s public image suffered when negotiations with book publisher Hachette turned sour last year.

It’s also not the first Washington acquisition for Bezos. The Amazon founder quietly purchased the Washington Post with his own cash in 2013.

Warren Buffet commemorated a 50 year career on Saturday with a lengthy, digressive letter to Berkshire Hathaway shareholders. We think the 24,000 word missive is absolutely worth reading and his reputation as a gifted raconteur remains well earned. Buffet is candid (as usual) about his mistakes, missteps and lessons learned from half a century as an investor. If you’re in a hurry you can find summaries here or here.

In other news, the infamous Tyco looter is now out of prison. The man who stole millions from the multi-national he ran spoke to the NYT about his more modest lifestyle, his younger wife, and Manhattan style work-release. You can find the story here.

Finally, the NASDAQ hit 5,000 this morning for the first time since the infamous Dot Com Bubble in 2000.

 

 

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