Posts Tagged ‘Business’

Jury Selection to Begin in Martin Shkreli Trial

Sunday, June 25th, 2017

Federal prosecutors allege that the former Turing Pharmaceuticals CEO committed a series of interconnected frauds, misleading investors in his hedge funds and looting a publicly traded pharmaceutical company to cover the losses.

Vote on this story -->>>

Ahead of Fed Stress Test Results, Banks Have Less to Fear

Sunday, June 25th, 2017

The Federal Reserve on Wednesday will release the final results of this year’s bank stress tests. Officials made the tests easier for some banks this year, and for the next time around they are preparing to further change the exams in fundamental ways.

Vote on this story -->>>

Macau Billionaire Heads to Trial in U.N. Bribery Case

Sunday, June 25th, 2017

Macau billionaire Ng Lap Seng is facing charges that he orchestrated an elaborate scheme to bribe Caribbean diplomats to the United Nations, in a trial expected to put a spotlight on China’s ambitions at the international organization.

Vote on this story -->>>

How Earthquakes Are Rattling a Farm Town Atop One of the World’s Richest Gas Troves

Sunday, June 25th, 2017

To limit earthquakes, the Dutch government has for years been imposing increasingly strict production limits at Groningen, Europe’s biggest gas field, and is now proposing another 10% cut.

Vote on this story -->>>

The $1.5 Trillion Business Tax Change Flying Under the Radar

Sunday, June 25th, 2017

House Republicans are proposing eliminating the deduction that companies get for interest they pay on debt, a move that would alter modern finance. Yet the plan has gotten relatively little public attention or lobbying pressure.

Vote on this story -->>>

SpaceX Seeks to Execute Back-to-Back Launches in Roughly 48 Hours

Sunday, June 25th, 2017

Elon Musk’s SpaceX on Sunday will seek to complete a two-day, bicoastal demonstration of launch capability, completing its second unmanned mission since Friday.

Vote on this story -->>>

Facebook Is Going Hollywood, Seeking Scripted TV Programming

Sunday, June 25th, 2017

Facebook is meeting with Hollywood content creators with an eye to launching a slate of original TV-quality programming by the end of summer.

Vote on this story -->>>

Google’s ‘Trust Us’ Approach Doesn’t Satisfy Pay Gap Skeptics

Saturday, June 24th, 2017

Google, which has long portrayed itself as one of the world’s best workplaces, is facing government accusations that it underpays women and resisting pressure to turn over salary data to disprove them.

Vote on this story -->>>

U.S. Probes SeaWorld Over Executives’ Comments on Documentary

Saturday, June 24th, 2017

SeaWorld Entertainment Inc. said it received subpoenas from the government related to trading in its securities and statements made by its executives, including those discussing the impact of “Blackfish,” a critical documentary that sent ripples through the company.

Vote on this story -->>>

Shipping Firm Frontline to Abandon Pursuit of Rival Gener8

Saturday, June 24th, 2017

Frontline Ltd., the tanker firm owned by Norwegian billionaire John Fredriksen, has abandoned plans to acquire U.S.-listed rival Gener8 Maritime Inc., a person familiar with the matter said.

Vote on this story -->>>

Fiat Chrysler’s Green Autos Have a Problem: They’re Not for Sale

Saturday, June 24th, 2017

The auto maker suspended production of its well-regarded Pacifica hybrid minivan in recent weeks and has recalled it, leaving customers and dealers disappointed.

Vote on this story -->>>

Harley-Davidson Discussing Purchase of Ducati From VW

Friday, June 23rd, 2017

Harley-Davidson is in talks to buy Ducati Motor Holding from Germany’s Volkswagen in a deal that could bring together two of the most storied motorcycle names and pave the way for further divestments by the German car maker.

Vote on this story -->>>

American Airlines Bid Puts Qatar Airways’ Chief in New Role: Raider

Friday, June 23rd, 2017

Akbar Al Baker, the Qatar carrier’s sometimes abrasive CEO, isn’t backing down from his bid for a stake in American Airlines despite opposition from the target’s chief, its pilots and unions.

Vote on this story -->>>

Takata Plans Bankruptcy Filing As Soon As Sunday

Friday, June 23rd, 2017

Takata Corp., the supplier of rupture-prone air bags linked to numerous deaths and injuries, is preparing to seek bankruptcy protection as soon as Sunday with a tentative deal to sell operations to a rival.

Vote on this story -->>>

Anthem Agrees to $115 Million Settlement Over Data Breach

Friday, June 23rd, 2017

Anthem Inc. has agreed to pay $115 million to settle a class-action lawsuit filed after a 2015 cyberattack exposed personal information of more than 78 million people, the company said Friday.

Vote on this story -->>>

Insurers Fear Destabilized Markets Under Senate Bill

Friday, June 23rd, 2017

The Senate health bill’s move to dump the mandate requiring people to have coverage would risk further destabilizing the strained individual-insurance market, insurers say, even though it includes funding elements that the industry has been seeking.

Vote on this story -->>>

Hulk Hogan’s Lawyer Helms New Suit Against Gawker’s Successor

Friday, June 23rd, 2017

The founder of a website that gives betting advice to gamblers is suing the owner of sports website Deadspin for defamation over a story that questions his honesty and claims he was profiting at his customers’ expense.

Vote on this story -->>>

Mexico’s Central Bank Lifts Rates

Friday, June 23rd, 2017

The Bank of Mexico lifted the overnight interest rate target by a quarter percentage point to 7%, the highest level since early 2009, and indicated that the tightening cycle that began in September has ended for now.

Vote on this story -->>>

U.S. New-Home Sales Rise in May, Prices Hit Record

Friday, June 23rd, 2017

New-home sales rose in May and prices hit a record level, more evidence of strong demand and tight inventories in the housing market.

Vote on this story -->>>

Fed’s Stress Tests Bolster Case for Easing Bank Rules

Friday, June 23rd, 2017

The outcome of the latest stress test on banks gives ammunition to the Trump administration and lawmakers who see some of the rules put in place after the financial crisis as excessive.

Vote on this story -->>>

U.K.’s Euro Clearing Business at Risk as ECB Requests More Powers

Friday, June 23rd, 2017

The European Central Bank requested greater powers to supervise euro-denominated clearing, stepping up a tug of war between European Union authorities and Britain over the future of the lucrative business line after Brexit.

Vote on this story -->>>

Trump’s Steel Tariff Threat Faces Resistance From Lawmakers

Friday, June 23rd, 2017

Senior lawmakers in both parties are resisting the Trump administration’s moves toward imposing steel tariffs on national security grounds, worried that other countries could use the same argument to block exports from their states.

Vote on this story -->>>

Senate Bill Poses Risks to Health-Care Companies

Thursday, June 22nd, 2017

Senate Republicans’ health overhaul carries big risks for many health-care companies because of its cutbacks to federal Medicaid funding and the uncertain impact of its broad changes to individual health-insurance markets.

Vote on this story -->>>

Mylan Elects Full Board Despite Oppostion

Thursday, June 22nd, 2017

Mylan’s board nominees were elected in full at the pharmaceutical company’s annual meeting Thursday despite pressure from a group of institutional investors unhappy over high executive pay.

Vote on this story -->>>

FCC Fines Man $120 Million for His 100 Million Robocalls

Thursday, June 22nd, 2017

The Federal Communications Commission proposed an “unprecedented” fine against Adrian Abramovich, a Miami man who the agency said was responsible for making almost 100 million falsified robocalls in late 2016 in violation of telecommunications laws.

Vote on this story -->>>

Facebook Sets New Vision for Next Decade, Outlines New Features

Thursday, June 22nd, 2017

Facebook Chief Executive Mark Zuckerberg took a step toward defining a new vision for the social-media company as it grapples with how to handle its growing power in the world.

Vote on this story -->>>

Dolls With Digital Eyes: Eerie or Endearing?

Thursday, June 22nd, 2017

With the help of small LCD screens, digitally animated eyes are giving once-stoic toys—from race cars to Cabbage Patch Kids—a highly expressive makeover.

Vote on this story -->>>

Senate Health Bill Gives Huge Tax Cuts to Businesses, High-Income Households

Thursday, June 22nd, 2017

The Senate’s health-care bill repeals hundreds of billions of dollars in taxes on businesses and high-income households and includes a retroactive cut in capital-gains taxes.

Vote on this story -->>>

Diageo’s Deal With ‘King of Good Times’ Delivers a Booming Market—and a Hangover

Thursday, June 22nd, 2017

The world’s largest liquor company struck a deal with Indian tycoon Vijay Mallya to buy United Spirits. Now the British firm finds itself in a legal quagmire.

Vote on this story -->>>

Trump Promises Telecom Executives Less Red Tape

Thursday, June 22nd, 2017

President Donald Trump on Thursday told technology and telecom executives the government will tackle federal regulations they consider too restrictive but stopped short of announcing any specific policies aimed at their industries.

Vote on this story -->>>

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