Welcome to the end of February. Here’s your quick run-down of the business and tech news to know for the week ahead, and stay warm. — Charlotte Cowles
What’s Up? (Feb. 21-27)
The home-rental company appeared to be flying high after its splashy initial public offering in December. Then it posted a major decline in revenue and an eye-watering $3.9 billion loss last week, in its first earnings report as a publicly traded company. A big chunk of its loss — $2.8 billion — can be chalked up to stock-based compensation related to its I.P.O. But the company
ADAMS, Mass. — The town has hired Crystal Wojcik as town accountant/finance director to replace longtime accountant Mary Beverly who is retiring.
“She is a remarkable young woman and thoroughly impressed her interview panel,” Town Administrator Jay Green said. “In addition to the benefit of recruiting a younger generation into local government, she is ready to take on this critical position and capable of it. She will represent the town well and will introduce a contagious energy in the role.”
Over the next year, a small, relatively obscure bureau of the U.S. Treasury Department will take a lead role in plugging what many experts consider the biggest hole in the U.S.’s anti-money-laundering protections.
It won’t be easy for the Financial Crimes Enforcement Network, say experts and almost a dozen former Treasury officials and veterans of the bureau. Sweeping anti-money-laundering legislation, approved this year, requires the agency to build a state-of-the-art corporate ownership registry meant to help authorities unmask the beneficial owners of anonymous shell companies and track the flow of illicit money.
FinCEN—whose roughly 300 employees account for less than
SALT LAKE CITY — A handful of personal privacy bills are finding broad support from Utah lawmakers this legislative session, but a few of the bills still have a ways to travel as the final five days of the 2021 edition fast approach.
New protections for personal information in the cloud
A proposal that would extend Fourth Amendment protections to personal information and documents stored in remote computer servers, commonly referred to as “the cloud,” was left to die on the vine at the end of last year’s session.
But a failure that was more about timing than lack of
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