Williams was found in his California home Monday. The cause of death is believed to be suicide, according to a statement by the Marin County Sheriff's Office.
The retailer will pay a fine of $525,000 in connection to charges that its flagship store in New York was disproportionately suspecting black and Hispanics of credit card fraud and shoplifting.
Haider al-Abadi, a prominent politician for the past decade, has been nominated as prime minister. But a potential confrontation looms with Nouri al-Maliki, the man who's had the job for eight years.
Lynn Eldredge has had six different jobs since he was laid off from a tractor manufacturer in 2000. Fourteen years later, he makes the same amount of money at his current job that he did back then.
The World Customs Organization, an international association of customs and law enforcement agencies, is out with its annual report on seizures of illegal goods and counterfeiting.
The product most likely to be counterfeited or illegally traded last year was pharmaceuticals, at a whopping 76 percent of all seizures.
The most counterfeited brand, on the other hand, was Nike. Followed by Apple, Rolex, Samsung and Adidas
BuzzFeed, the website that blessed us with the listicle revolution, just raised $50 million from some very prominent venture capitalists. That investment values the company at an estimated $850 million. To put this in context, the Washington Post recently sold for $250 million dollars. So, how did that valuation happen?
For one thing, BuzzFeed boasts that 150 million people visit it every month. By contrast, the New York Times gets 53.8 million visitors, according to comScore. But it's not just the number of visits that’s valuable, it's who those visitors are. Paul Sweeney, an analyst at Bloomberg Industries, said most of BuzzFeed’s audience is 35-and-under, a demographic that’s catnip to advertisers.
"It’s been harder and harder for advertisers to reach a younger demographic," Sweeney said. "The younger folks are the ones who are spending more time on the Internet, more time off of traditional media like newspapers, magazines or television."
A lot of BuzzFeed’s traffic comes from people sharing its stories on social media sites. Sweeney says that's a risky strategy. BuzzFeed’s audience would be decimated if social media sites excluded its content.
But investors are betting that BuzzFeed will grow beyond listicles, said Ethan Kurzweil, a venture capitalist at Bessemer Venture Partners. He said investors expect BuzzFeed to become a go-to-platform that offers all kinds of content from video to news and who knows what else.
"I assume they’re betting on a modern media tech company," Kurzweil said. "Sort of a modern People Magazine, ESPN all in one, all in one, all in one property."
In fact, BuzzFeed is using its newest round of funding to expand into movies, said Rebecca Lieb, an analyst at the Altimeter Group. She says don’t expect BuzzFeed to compete with 20th Century Fox or Paramount by making traditional films.
"I really don’t think that’s going to be the case," she said.
Lieb predicts BuzzFeed will redefine movies and create ones that cater to its digital-first audience.