Investors are winners as companies lay out tax-saving plans

Tax Overhaul Corporate Spending

NEW YORK (AP) — It’s just what the GOP said we’d hear from a CEO after being handed a big tax break. But when Charles Scharf announced plans last month to spend his company’s tax savings on higher wages and technology, investors began selling. The Bank of New York Mellon CEO said he had a...


Insiders: Russia troll farm even zanier than indictment says

Russia Trump Probe

MOSCOW (AP) — A Clinton-Obama sex tape using body doubles. A Facebook page promoting Texas independence riddled with grammatical mistakes. Islamic State anthems blasting out during the nightshift. The U.S. indictment centered on a Russian troll farm only scratches the surface of the St. Petersburg...


Guess chairman cedes day-to-day duties after Upton accusation

(c) 2018, Bloomberg. Guess Inc. Chairman Paul Marciano is relinquishing his day-to-day duties at the company in the wake of sexual-harassment accusations by model Kate Upton and other women. The board and Marciano agreed that he should step away from the business -- without drawing a salary --...


Preventive treatment for peanut allergies succeeds in study

Peanut Allergy Treatment

The first treatment to help prevent serious allergic reactions to peanuts may be on the way. A company said Tuesday that its daily capsules of peanut flour helped children tolerate nuts in a major study. Millions of children have peanut allergies, and some may have life-threatening reactions if...


Getting a new iPhone battery is often a frustrating, weeks-long process

(c) 2018, The Washington Post. Some people across the country are reporting that they’re having a tough time getting their iPhone batteries replaced through Apple’s battery replacement program that launched after the company admitted that it slows down phones with older batteries to preserve the...


One question investors should ask now and then

(c) 2018, Bloomberg. How committed are you to a belief system? Answering that question has the potential to reveal flaws in our thought processes about many things, from politics to economics to cultural issues. Whether you are committed to one big idea, or are fascinated by a variety of things...


Times Square food hall tenant sues Kushner Cos. to end lease

(c) 2018, Bloomberg. A dispute over space at a Times Square property owned by Kushner Cos. has escalated into a lawsuit. Outstanding Hospitality Management, celebrity chef Todd English’s restaurant operator, is suing the company owned by the family of Jared Kushner over more than 1,900 square feet...


New rebellion against wind energy stalls or stops projects

Wind Turbine Rebellion

GLENVILLE, Minn. (AP) — Wind turbines have become as commonplace in parts of the rural Midwest as tree-sheltered farmhouses, gray-metal grain bins and deeply furrowed fields. The slowly spinning blades are a sign of investment in a region that often has few growth opportunities to brag about. But...


Fogo de Chao to be sold to Rhone for $560 million

(c) 2018, Bloomberg. Brazilian steakhouse chain Fogo de Chao, in search of funding for international expansion, agreed to sell itself to private equity firm Rhone Capital for $560 million. The price of $15.75 a share, to be paid in cash, represents a 25 percent premium over the restaurant company’s...


U.S. 10-year poised to cross market's red line this week

(c) 2018, Bloomberg. Enter the danger zone. Bond markets are signaling the 10-year U.S. Treasury yield may reach 3 percent as early as this week -- a potential watershed for risk appetite across asset classes. A deluge of debt supply and the strengthening momentum of bears feeding off inflation...

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