Posts Tagged ‘Business’

Global Economy Week Ahead: U.K. Inflation; Fed, ECB and Bank of Mexico Rate Decisions

Monday, December 11th, 2017

This week, central banks around the world will make their final monetary policy decisions of 2017, while a round of economic readings could help shape their outlooks going into 2018.

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Senate Bill’s Marginal Tax Rates Could Top 100% for Some

Monday, December 11th, 2017

Some high-income business owners could face marginal tax rates exceeding 100% under the Senate’s tax bill, which lawmakers rushing to write the final measure are working to prevent.

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Disney Deal for Fox Would End Era of the ‘Big Six’ Studios

Sunday, December 10th, 2017

Walt Disney would likely significantly scale back Fox’s movie studio if the company nails down a deal to buy most of the assets of 21st Century Fox, as part of Chief Executive Robert Iger’s plan to transform the company into a direct-to-consumer digital powerhouse to rival Netflix.

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Hospital Giants in Talks to Create U.S.’s Largest Operator

Sunday, December 10th, 2017

Two major hospital operators are in talks about a possible merger that would create the largest U.S. hospital owner, as a series of major deals are poised to consolidate control of the health-care landscape into fewer hands.

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Upper East Side Townhouse In Contract for a Record $80 Million

Sunday, December 10th, 2017

Owned by Vincent Viola, the billionaire who was briefly President Donald Trump’s nominee for secretary of the army, the mansion may become the most expensive townhouse ever sold in New York City.

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‘It’s Garage Gold’: Luxe Cars Become Investment Vehicles in Persian Gulf

Saturday, December 9th, 2017

The Persian Gulf’s bloc of oil-exporting countries has emerged as the world’s No. 1 market for ultraluxury cars—most costing $250,000 or more—based on per capita buying.

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Former Toshiba President Atsutoshi Nishida Dies at 73

Saturday, December 9th, 2017

Atsutoshi Nishida, who rose to become a president of Toshiba but saw his later years tarnished by an accounting scandal, has died at age 73.

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How Amazon Picks Its Seemingly Random Deals of the Day

Saturday, December 9th, 2017

Third-party merchants slash prices and stockpile inventory in hopes Amazon.com will select their items for holiday promotion—which can boost sales all season.

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Boeing Gives Up on Fighter-Jet Deal With Canada

Saturday, December 9th, 2017

Boeing Co. said Friday it believes Canada will follow through on its threat and abandon plans to buy 18 F/A-18 Super Hornet aircraft in a $5.2 billion deal, in the latest fallout from heightened trade tensions between Ottawa and Washington.

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Big Oil Backs Away From a Former Industry Darling

Saturday, December 9th, 2017

Angola was once a magnet for the world’s biggest oil companies, drawing billions of dollars in investment from BP, Exxon Mobil and others. Now, foreign companies have all but given up on new ventures there.

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Jony Ive Returns to Apple to Oversee Design Teams

Saturday, December 9th, 2017

Ive resumes control of industrial-design and user-interface teams, which he stepped away from to focus on development of Apple’s new headquarters.

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Macy’s Executive Chairman Lundgren to Retire

Saturday, December 9th, 2017

Macy’s Executive Chairman Terry Lundgren will retire next month from the board of directors, completing a transition of leadership for the department-store operator announced nearly 18 months ago.

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Retail Giant Steinhoff’s Share Rout Raises Scrutiny of Transactions

Saturday, December 9th, 2017

The stock market carnage at Steinhoff is raising fresh scrutiny over a set of Byzantine transactions between the global furniture retailer and related parties.

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Hiring Surges as Logistics Firms Head Into the Holidays

Friday, December 8th, 2017

Logistics companies went on a hiring spree in November to handle the holiday surge in online shopping, adding thousands of jobs picking items off shelves in warehouses and delivering packages to customers’ homes.

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With Disney-Fox Talks, Hopes Rise for a Greenlight on Sky

Friday, December 8th, 2017

If Disney or another suitor buy 21st Century Fox’s international assets, investors are betting U.K. regulators will allow the full acquisition of pay-TV operator Sky.

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Jobs Strong But Weak Wage Growth Could Fluster Fed

Friday, December 8th, 2017

The Labor Department’s robust November employment report leaves Federal Reserve officials on track to raise short-term interest rates next week but complicates their decisions on the pace of increases next year and beyond.

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Japan’s Economy Boosted by Surge in Capital Spending

Friday, December 8th, 2017

Japan’s stronger-than-expected growth offers another sign that Prime Minister Shinzo Abe’s economic policies, assisted by a global upturn, may be helping the nation emerge from years of stagnation.

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Paint Giants Still Primed for an M&A Wave

Friday, December 8th, 2017

One might be forgiven for thinking that some paints just don’t mix. But despite three failed deals this year, the strategic and financial logic for mergers in the paint industry remains strong.

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Robust Job Growth Puts U.S. on Firmest Footing in a Decade

Friday, December 8th, 2017

The economy appears to be on its firmest footing in at least a decade, with hiring picking up from earlier this year and the unemployment rate holding at a 17-year low in November.

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U.S. Consumer Sentiment Fell Again in December

Friday, December 8th, 2017

A key measure of U.S. consumer sentiment slid in December for the second straight month, but continued to signal solid household confidence to close out 2017.

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Congress Passes Two-Week Spending Bill to Avoid Shutdown

Friday, December 8th, 2017

The House and Senate passed a two-week stopgap spending bill, deferring until later in the month a bigger fight over what issues should be resolved before Congress adjourns for the year.

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GOP Tax Bill: Key Lawmakers to Watch

Friday, December 8th, 2017

Congress completed its list of negotiators on a final tax bill Thursday, and it will be up to 29 men and women to hash out a deal. But the real number of deciders is smaller than that. Here’s a quick look at a few of the key members of the conference committee.

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Airports Want to Raise Ticket Fees. Airlines Say No. Fight Ensues

Friday, December 8th, 2017

Airports and airlines are fighting over a proposal that could bump up the taxes and fees on a typical $300 round-trip ticket to more than $70.

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Uber Ties Up With Singapore Rival ComfortDelGro

Friday, December 8th, 2017

Uber is selling a 51% stake in its car-rental unit in Singapore to public-transport operator ComfortDelGro for $218 million, as the two rivals come together as partners.

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Mine the Gap: More Women Embrace Mining Careers

Friday, December 8th, 2017

Commodity giant BHP Billiton Ltd. is trying to upend the macho mining culture of Australia’s remote Outback as it aims to achieve a 50%-female workforce by 2025, up from just over 20% today.

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China’s Exports Strengthened in November

Friday, December 8th, 2017

China’s exports and imports in November both showed surprising strength—up 12.3% and 17.7% from a year earlier, respectively—underpinned by a recovering global economy and resilient domestic demand.

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AT&T Antitrust Fight Flips the Script in Washington

Friday, December 8th, 2017

AT&T’s bid to buy Time Warner is blurring some of the ideological lines that usually split free-market conservatives from liberal skeptics of big business.

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Creditors Put Toys ‘R’ Us Debt Under Microscope

Friday, December 8th, 2017

Toys ‘R’ Us creditors are seeking permission to obtain more documents related to numerous debt transactions that took place in the years leading up to the retailer’s September bankruptcy filing.

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Dockworkers Walk Out of Labor Talks

Friday, December 8th, 2017

Labor negotiations between employers and unionized dockworkers at East Coast and Gulf Coast ports got off to a rocky start this week after union leaders walked out of contract-extension talks.

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Caterpillar Unit Cheated Customers, Tossed Evidence Into Ocean to Hide It

Friday, December 8th, 2017

United Industries, a unit of Caterpillar, admitted that it cheated customers by performing unnecessary repairs to their railcars and agreed to plead guilty to dumping brake shoes and other parts into the ocean to hide evidence, according to court documents.

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