Must Read Money Stories for Tuesday, Feb. 24

by February 24, 2015


PawSox on the move? A small Rhode Island town’s beloved minor league baseball team — an affiliate of the Boston Red Sox — might be moving to Providence, according to the Boston Globe. The paper writes that the Pawtucket Red Sox were sold on Friday for $20 million and could leave its hometown as early as 2017. Local officials described the team’s potential move as devastating.

Apple is poaching Samsung employees. Apple wants to start selling cars by 2020, and the company is snatching up its Korean competitor’s battery experts to do it, a Samsung official told the Korea Times. The source also told the publication that the Cupertino-based company is giving its new employees higher pay and more independence to accomplish their goals.

How news orgs are using Snapchat. Nieman Lab’s Joseph Lichterman talked to six publications — The Huffington Post, Fusion, Mashable, NPR, and The Verge — about how they’re using the ephemeral photo app to grow their mobile audiences. Sam Sheffer, The Verge’s social media editor, even uses Snapchat to interact with individual readers, Lichterman writes. With the app’s brand new Discover feature, its role as a news platform appears to be growing.

Mexicans are dominating the Oscars. For the second year in a row, a Mexican director has won an Academy Award for best director. Alejandro Gonzalez Inarritu took home the award this season for “Birdman” and Alfonso Cuaron won the honor in 2014 for “Gravity.” The Global Post explains why Mexico’s directors are doing so well.


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