Thursday, March 12, 2015

Snapchat worth $15 billion, BofA's stress test stumble, United Technologies mulls spinoff

THE FORTUNE DAILY

Thursday, March 12, 2015

United Technologies will explore spinning off its Sikorsky helicopter unit


The company's board has authorized the review, which also could include a sale of the maker of Black Hawk helicopters, and is the first major move by new CEO to overhaul the U.S. conglomerate.

Why Americans should book a trip to Europe right now


The dollar is getting stronger and is even nearing parity with the euro. That's good news for Americans who want to vacation in Europe soon.

Report: Alibaba backing Snapchat at $15 billion valuation


The disappearing message service would be the third-most valuable startup 'unicorn.'

Shake Shack investors feeling indigestion


Sales soar in the burger chain's first quarter as a publicly traded company, but its shares are fried.

Dollar General will speed up store openings after its failed Family Dollar bid


The discount retailer has predicted another year of strong sales growth.

By Adam Lashinsky

An artist's unflattering corporate portrait


TED Fellow Matt Kenyon discusses his repulsion (and fascination) for corporations.

By John Kell

Lululemon family launches "technical cashmere" brand -- and it's selling


Using its success with workout wear as a model, the Lululemon founder's family launched Kit and Ace, a brand devoted to user-friendly luxury wear.

By Andrew Nusca

Box share price plummets as company reports growing revenue, losses


Revenue surges for the newly-public business software company, but loss widens as it continues to make investments.
Alibaba's Snapchat deal and a Sikorsky spinoff — 5 things to know today
Are Spain's banks on the comeback trail?
Equality for women in STEM fields? Easier said than done
3 leadership lessons from March Madness
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