Archive for the ‘BUSINESS’ Category

To Break Into the Grammys, Netflix Went Old-School Vinyl

Saturday, December 16th, 2017

Netflix released vinyl records of its streaming comedy specials to garner its first-ever Grammy nominations.

Vote on this story -->>>

Mining World’s Ultimate Deal-Maker Struggles in Frugal Era

Saturday, December 16th, 2017

Most big mining companies are wary of doing deals, focusing instead on raising cash, shedding debt and delivering meaty dividends to investors. That’s not an ideal environment for a deal-maker like Mick Davis.

Vote on this story -->>>

To Recruit, Manufacturers Go to Parents’ Nights

Saturday, December 16th, 2017

To attract America’s youth onto the factory floor, manufacturers have tried many tactics from hosting high school tours to providing apprentice programs. Their latest strategy is targeting parents.

Vote on this story -->>>

Corporate Accountants Can Cancel Christmas

Saturday, December 16th, 2017

If the Republican proposal passes and is signed into law in December, finance teams will be scrambling to calculate its effect on their balance sheets and income statements in time for their next earnings reports.

Vote on this story -->>>

Why Cash Returning From Overseas Isn’t Likely to Create Jobs—and Might Even Reduce Them

Saturday, December 16th, 2017

Republican lawmakers say their tax overhaul would spur companies to hire more employees and build factories in the U.S. Yet one key provision, which will free up hundreds of billions of dollars for companies to spend, will probably benefit shareholders, analysts say.

Vote on this story -->>>

GM Faces $1 Billion Reckoning in Disputed Ignition-Switch Settlement

Saturday, December 16th, 2017

General Motors faces a potential payout of $1 billion in stock to address claims related to its ignition-switch crisis, depending on the outcome of a looming trial.

Vote on this story -->>>

U.S. Insurers Win ‘Bermuda Loophole’ Fight

Saturday, December 16th, 2017

Big U.S. property-casualty insurers succeeded in closing what they say is a loophole permitting rivals to rack up profits and move jobs to Bermuda, Switzerland and other low-tax locales, according to lobbyists for both sides.

Vote on this story -->>>

Premier League Powers Squabble Over How to Share the Wealth

Saturday, December 16th, 2017

The so-called Big Six of soccer want a larger share of the television money, leading to tensions with other owners as the league’s clubs are resurgent.

Vote on this story -->>>

Apotex Founder Barry Sherman, Wife Found Dead in Toronto Home

Saturday, December 16th, 2017

ApotexInc. founder and Chairman Barry Sherman and his wife, Honey, were found dead in their Toronto home Friday, said the company. Police said they were treating the incident as “suspicious.”

Vote on this story -->>>

GOP Is Poised to Pass Sweeping Tax Overhaul

Saturday, December 16th, 2017

Republicans stood on the verge of delivering the most significant changes to the U.S. tax code in more than three decades, after a series of last-minute deals appeared to clear the last big obstacles to passage next week.

Vote on this story -->>>

Uber Hacked and Surveilled Rivals, Alleges Ex-Manager in Letter

Saturday, December 16th, 2017

A 37-page letter sent to Uber Technologies’ management in May that painted it as a paranoid firm with a sophisticated intelligence apparatus designed to gain an edge on rivals and trick regulators has been made public.

Vote on this story -->>>

Social-Media Stars Are Turning Heads—of Regulators

Saturday, December 16th, 2017

The Federal Trade Commission has stepped up policing of product plugs and brand endorsements made by celebrities of social networks, enforcing deceptive-marketing rules that require them to disclose financial ties.

Vote on this story -->>>

Lockheed Plans New Supersonic Business Jet

Saturday, December 16th, 2017

Lockheed Martin is planning a return to the passenger-aircraft business after a two-decade gap with a new supersonic plane.

Vote on this story -->>>

H&M Shares Plunge as Pivot to Digital Falls Short

Saturday, December 16th, 2017

Shares in Hennes & Mauritz’s dropped more than 15% after the fashion retailer reported weaker-than-expected fourth-quarter sales.

Vote on this story -->>>

SpaceX Successfully Launches Reused Booster for NASA, a First

Saturday, December 16th, 2017

Space Exploration Technologies successfully launched a refurbished cargo capsule atop a previously used rocket toward the international space station, a milestone following its launch of the first private spacecraft to Earth orbit and back seven years ago.

Vote on this story -->>>

Trucking Industry Worries New Rule Could Raise Costs

Saturday, December 16th, 2017

A new rule requiring most big rigs to be equipped with electronic logs that record a driver’s time behind the wheel is triggering deep divisions in the trucking world and raising concerns that shipping goods could get more costly and complicated.

Vote on this story -->>>

Ryanair Recognizes Pilot Unions, Calls for Strikes to Be Canceled

Saturday, December 16th, 2017

Europe’s leading budget airline, Ryanair, said that it would recognize pilot unions, after weeks of tensions and the threat of strikes before Christmas.

Vote on this story -->>>

P&G Concedes Proxy Fight, Adds Nelson Peltz to Its Board

Saturday, December 16th, 2017

Procter & Gamble Co. will add activist investor Nelson Peltz to its board, conceding defeat in one of the biggest and most expensive proxy battles ever fought.

Vote on this story -->>>

CSX Loses $4 Billion in Value After CEO Takes Medical Leave

Saturday, December 16th, 2017

CSX lost about $4 billion in market value after Chief Executive Hunter Harrison was placed on medical leave, a stark reversal for investors who had shrugged off concerns earlier this year about the health of the renowned railroad turnaround artist.

Vote on this story -->>>

Fed’s Quarles to Recuse Himself From Matters Involving Wells Fargo

Friday, December 15th, 2017

Randal Quarles, the Federal Reserve’s point man on financial regulation, said he would recuse himself from participating in matters related specifically to Wells Fargo, “to avoid even the potential appearance of a conflict of interest.”

Vote on this story -->>>

GOP Increases Child Tax Credit in Bid to Satisfy Rubio, Lee

Friday, December 15th, 2017

Republicans will make more of the child tax credit refundable in a last-minute concession to Sens. Marco Rubio and Mike Lee, potentially clearing one of the last big hurdles to passing the plan.

Vote on this story -->>>

U.S. Industrial Production Rose 0.2% in November

Friday, December 15th, 2017

U.S. industrial production rose in November, boosted by a post-hurricane recovery in oil and gas extraction.

Vote on this story -->>>

NLRB Overturns Obama-Era Ruling on Jointly Employed Workers

Friday, December 15th, 2017

The National Labor Relations Board overturned an Obama-era ruling that potentially made it easier for contractors and workers at franchised businesses to form unions and collectively bargain with big corporations

Vote on this story -->>>

Airbus Upheaval Triggers Search for New CEO

Friday, December 15th, 2017

Airbus is hunting for a new chief executive to navigate it through a spell of heavy turbulence, with Europe’s largest plane maker facing investigations over alleged corruption and far-reaching departures among its senior ranks.

Vote on this story -->>>

New York Times Publisher Arthur Sulzberger Jr. to Retire

Friday, December 15th, 2017

The New York Times announced publisher Arthur Sulzberger Jr. will retire at the end of the year and that his son, Arthur Gregg “A.G.” Sulzberger, will be appointed to the job.

Vote on this story -->>>

CSX Head Takes Medical Leave

Friday, December 15th, 2017

The railway’s chief executive, Hunter Harrison, has taken a medical leave of absence due to unexpected complications from a recent illness.

Vote on this story -->>>

Elliott Preps for Potential Fight With Hess, Seeking CEO Ouster

Friday, December 15th, 2017

Elliott Management Corp. is preparing for a possible tussle with Hess Corp., hoping to either remove John B. Hess as chief executive or push him to consider selling all or part of the energy company.

Vote on this story -->>>

Property Data Firm Xceligent Files for Chapter 7 Protection

Friday, December 15th, 2017

The board of Xceligent Inc., one of the largest commercial real-estate data firms in the U.S., has filed for chapter 7 liquidation following a year-long legal battle with rival CoStar Group Inc. over alleged data theft.

Vote on this story -->>>

DHS Plans to End Work Eligibility for Spouses of H-1B Holders

Friday, December 15th, 2017

The spouses of highly skilled foreign workers would no longer be able to work legally in the U.S. under a regulatory change proposed by the Trump administration Thursday.

Vote on this story -->>>

Teva Pharma to Cut 14,000 Jobs as Generic-Drug Business Suffers

Friday, December 15th, 2017

Teva Pharmaceutical is cutting more than 25% of its workforce and suspending its dividend as it works to cut costs and pay down debt.

Vote on this story -->>>

THE MIAMI METROPOLIS -your source for news, music, sports, movies, restaurants, reviews, weather, travel, arts, tech and events in Miami