Business

Business

Sears soars as Lampert floats buying Kenmore, real estate

(c) 2018, Bloomberg. Edward Lampert is pushing for a more aggressive breakup of Sears Holdings Corp. as the hedge-fund manager aims to salvage what’s left of the struggling retailer and stave off a potential bankruptcy filing. The announcement sparked a share jump of as much as 9 percent to $3.28...


Business

Walmart said close to $12 billion-plus deal for Flipkart

(c) 2018, Bloomberg. Walmart is close to finalizing a deal to buy a majority stake in India’s leading e-commerce company for at least $12 billion and may complete the agreement in the next two weeks, according to people familiar with the matter. All the major investors in Flipkart Online Services...


Business

German SPD elects first woman leader as divisions linger

(c) 2018, Bloomberg. Germany’s Social Democrats elected the party’s first ever chairwoman, but struggled to heal divisions that span everything from Russia and the European Union to government spending. Andrea Nahles, 47, was backed by 66 percent of delegates at a conference in the western city of...


Business

SEC wants brokers to treat clients better

(c) 2018, Bloomberg. Wall Street is known for making money by selling risky investments with complicated names. Some examples: equity indexed annuities, structured notes and leveraged inverse exchanged traded funds. The days of marketing such products aren’t necessarily coming to an end. But things...


Business

Don't worry about a recession. Worry about the Federal Reserve.

(c) 2018, The Washington Post. The recovery is chugging along almost as fast as ever, but, beneath the surface, the best recession predictor we have is starting to flash yellow. That predictor is the difference between interest rates on 10-year Treasury bonds and two-year ones. Now, the reason it...


Business

Akorn slumps after Fresenius abandons $4.3 billion takeover bid

(c) 2018, Bloomberg. Akorn Inc. shares lost about a third of their value after Fresenius SE walked away from a pending $4.3 billion acquisition of the U.S. maker of generic cancer drugs in response to a probe that found problems with its product-development practices. The German company said its...


Business

NAFTA ministers set to meet again amid intensified push for deal

(c) 2018, Bloomberg. Senior trade officials from the U.S., Canada and Mexico will meet again in Washington in an intensified push to reach a NAFTA agreement in the next few weeks. Talks will pick up on Tuesday, after Cabinet-level members vowed on Friday to keep up the momentum following...


Business

In Denver, trying to put a price on the value of a newspaper

Two Newspapers Two Fates

DENVER (AP) — Across the street from the Colorado Capitol rises an 11-story building emblazoned with The Denver Post’s logo. No reporters work out of the building any more, only executives of Digital First Media, whose cuts at the Post triggered an unusual plea from the paper’s own editorial page...


Business

Survey: Economists' outlook is sunny but not due to tax cuts

WASHINGTON (AP) — America’s business economists are sketching a bright picture for the coming months, with a survey finding that more of their companies foresee rising sales and expect to continue hiring and raising pay. At the same time, nearly two-thirds of respondents in the latest survey by the...


Business

10 years later, thousands of risky air bags are still on the road

(c) 2018, The Washington Post. Alexander Brangman finds comfort in remembering how long his daughter lived - 26 years, 11 months, 9 hours and 15 minutes - rather than the horrible and needless way she died. Jewel Brangman, an academic all-American in high school, about to pursue a doctorate at...


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