Good morning, Broadsheet readers! Marissa Mayer explains why a Yahoo-AOL merger never happened, Kate Spade wants to put an end to the dead phone blues, and Ruth Bader Ginsburg may have dropped a hint about how SCOTUS will rule on same-sex marriage. Have a great Tuesday!
• The merger that wasn’t. Speaking at a Fortune Most Powerful Women dinner in New York, Yahoo CEO Marissa Mayer explains why the rumored Yahoo-AOL merger never happened. “Some people on the outside saw similarities between the companies,” she said in an on-stage interview with Fortune‘s Pattie Sellers. “We didn’t.”
ALSO IN THE HEADLINES
• Ann gets acquired. Women’s retailer Ann Inc., led by CEO Kay Krill, has agreed to a $2.1 billion takeover bid by Ascena Retail Group, the company that owns Lane Bryant and handful of other women’s apparel brands.
• Flipping the script. With Working Girl now 27 years old, it’s high time we get another female-fronted Wall Street movie. Enter Equity, a film about a female investment banker whose IPO is in jeopardy. The movie is the brainchild of actresses Sarah Megan Thomas and Alysia Reiner. If Reiner looks familiar, it’s probably because she plays the disgraced prison warden on Orange Is the New Black.
• Fashion meets function. File this under Need It: Kate Spade is partnering with Everpurse, a startup founded by Liz Salcedo, to create designer bags that will charge your cell phone on the go.
• A hint from the Notorious R.B.G.? This past weekend, Supreme Court Justice Ruth Bader Ginsburg presided over the marriage of Michael Kahn, artistic director of the Shakespeare Theater Company, and architect Charles Mitchem. The New York Times reports that Ginsburg gave a “sly look” and placed special emphasis on the word “Constitution” when pronouncing the two men married by the powers vested in her by the Constitution of the United States. A sign of how the Court may be leaning in its upcoming ruling on same-sex marriage?
New York Times
• Another day, another lawsuit. Lynn Tilton and Patriarch Partners are being sued. Again. This new complaint comes from investors who say they received false and misleading information and are seeking $44 million in damages.
IN CASE YOU MISSED IT
• No more mommy guilt. Buzzy new research from Harvard Business School finds that daughters of working mothers complete more years of education and are more likely to have high-paying jobs. For sons, the influence of working moms is seen at home; they spend more time on child care and housework.
New York Times
• Fresh off the Vine. You may not have heard of comedian Brittany Furlan or singer Carissa Alvarado yet, but chances are you will. Furlan and Alvarado are just two of the latest Vine stars to be signed to major corporate deals based on their six-second viral videos.
• Forwarding emails to 2016. The State Department says that more than 50,000 pages of emails from Hillary Clinton’s tenure as secretary of state may not be made public until January 2016. This timeline would mean that the emails could be released just two weeks before Democratic voters head to the polls in the first presidential nominating contest.
• Are you there, Judy? This fascinating profile of Judy Blume digs into her childhood, the inspiration for her books, and the strong emotional connection fans feel to the author (Blume explains the bond this way: “I’m your childhood.”). Blume’s next book, In the Unlikely Event, will be published next month.
New York Times
• Venture capital in the capital. Donna Harris co-founded incubator VC fund 1776 with Evan Burfield. Now the two-year-old startup may represent Washington, D.C.’s best hope of creating the next tech star.
• Bye-bye, brogrammers. Software engineers Erin Summers and Zainab Ghadiyali wanted to shift the media focus away from the difficulties of being female engineers and toward the cool technologies being built by women. So the pair launched “Wogrammers,” a series of interviews with women in tech.
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ON MY RADAR
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|So to me, feminism is probably the most important movement that you could embrace, because it’s just basically another word for equality.|
| -- Taylor Swift, who was just named No. 1 on Maxim's Hot 100 list |