Banking bill brings out Schumer's messy midterm strategy

Student Walkouts

WASHINGTON (AP) — Senate Minority Leader Chuck Schumer made clear almost two weeks ago that he...


Fed set to raise rates as Powell gives 1st news conference

Federal Reserve Look Ahead

WASHINGTON (AP) — The Federal Reserve’s first meeting under Jerome Powell’s leadership will likely end Wednesday with an announcement that the Fed will resume its modest interest rate hikes. But investors will be most attuned to what Powell signals at his first news conference about whether and how...


Newell teams up with Icahn to counter Starboard's opposition

(c) 2018, Bloomberg. Newell Brands Inc. has enlisted the support of billionaire Carl Icahn and will go forward with its planned sale of assets -- a move that may help it fend off opposition from activist investor Starboard Value. Newell said Monday it had agreed to immediately name four Icahn...


The Latest: NYC launches investigation into Kushner Cos.

Kushner Cos False Documents

NEW YORK (AP) — The Latest on disclosures the Kushner Cos. filed false documents with the New York City (all times local): 11:50 a.m. A New York City official is launching an investigation into falsified documents filed by the Kushner Cos. with the city, saying that they should have been discovered...


Blockchain enters opaque ground with first structured note

(c) 2018, Bloomberg. Blockchain, the technology promising to usher in simplicity and transparency to finance, is entering one of the industry’s most obscure corners. London-based Marex Solutions created what it says is the first structured product to be registered, cleared and settled using the...


Amazon sellers seek more clout with new 'merchants guild'

(c) 2018, Bloomberg. The millions of merchants who sell products on Inc. have long craved more leverage over their powerful benefactor. Now some are creating a trade association in the hopes that a unified voice will force Amazon to take them more seriously. Organizers began pitching...


Are big poultry companies abusing SBA loans?

(c) 2018, The Washington Post. Building a chicken farm isn’t cheap, with the average 40-by-500-foot ventilated barn costing about $300,000. Which is why many poultry farmers - who are usually small businesses with well less than 500 employees - seek out loans that are backed by the Small Business...


Barclays in activist crosshairs as Bramson takes 5.2 percent stake

(c) 2018, Bloomberg. Barclays, in the midst of an overhaul of its investment bank, became the target of activist Edward Bramson after his Sherborne Investors acquired 5.2 percent of the voting rights. Bramson is keen to push for change at Barclays, said a person familiar with his views, who asked...


US stocks slide Facebook drags technology companies lower

Financial Markets Wall Street

NEW YORK (AP) — A sharp loss for Facebook is helping to pull technology companies lower as U.S. stock indexes decline Monday morning. The social media company is facing new criticism related to privacy issues following reports a data mining firm working for the Trump campaign improperly obtained...


US probes Hyundai, Kia for air-bag flaws linked to four deaths

(c) 2018, Bloomberg. Safety regulators in the U.S. are investigating air bags in certain Hyundai and Kia vehicles that failed to deploy in frontal collisions linked to four deaths and six injuries. As many as 425,000 automobiles made by the South Korean manufacturers may be affected, according to...


Apollo-backed Claire's becomes latest retail bankruptcy

(c) 2018, Bloomberg. Claire’s Stores, known for tween jewelry and ear piercing, has become the latest victim of the retail apocalypse. The company filed for bankruptcy Monday and said it reached an agreement with creditors including its private-equity backer, Apollo Global Management, to...

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