RSS Business Headlines

  • Rubio's defection threatens Senate GOP's margin on tax bill December 14, 2017
    WASHINGTON (AP) — Republican Sen. Marco Rubio declared Thursday he will vote against the GOP'S sweeping tax package unless negotiators expand its child tax credit, jeopardizing the Republicans' razor-thin margin as they try to muscle the $1.5 trillion bill through Congress next week.
    The Associated Press
  • FCC votes along party lines to end 'net neutrality' December 14, 2017
    The Federal Communications Commission repealed the Obama-era "net neutrality" rules Thursday, giving internet service providers like Verizon, Comcast and AT&T a free hand to slow or block websites and apps as they see fit or charge more for faster speeds.
    The Associated Press
  • The Latest: States warming up net-neutrality lawsuits December 14, 2017
    NEW YORK (AP) — The Latest on the FCC's vote on eliminating net-neutrality protections for the internet (all times local):
    The Associated Press
  • Disney buying large part of 21st Century Fox in $52.4B deal December 14, 2017
    NEW YORK (AP) — Disney is buying the Murdoch family's Fox movie and television studios and some cable and international TV businesses for about $52.4 billion, as the home of Mickey Mouse tries to meet competition from technology companies in the entertainment business.
    The Associated Press
  • What stays, what goes: Disney and Murdoch after the sale December 14, 2017
    NEW YORK (AP) — Disney is buying a large part of Fox , but Fox News Channel and other U.S. television businesses are staying with the Murdoch family.
    The Associated Press

RSS Business and Finance

  • America’s Public Company Accounting Oversight Board gets a new boss December 14, 2017
    THE collapses of Enron and WorldCom in the early years of this century turned book-cooking into front-page news. Investors lost over $200bn; in 2002 the stockmarket fell by over a fifth between April and July. In response, America’s Sarbanes-Oxley Act set up a new body, the Public Company Accounting Oversight Board (PCAOB), to supervise auditors.Its […]
  • Companies in the region vote with their feet against political uncertainty December 14, 2017
    Employees, customers, separatists“WE ARE used to dealing with political crises, but not a break in the rule of law,” says the boss of a big Barcelona cement firm, of Catalonia’s constitutional crisis. Fearing separatists in the region would declare independence, as they did on October 27th, he shifted its headquarters to Madrid. That ended decades […]
  • An accounting scandal sends Steinhoff plummeting December 14, 2017
    Steinhoff goes on special offerTHE scale is staggering, even by the standards of scandal-worn South Africa. Steinhoff, a retailer that is one of the country’s best-known companies, admitted to “accounting irregularities” on December 6th when it was due to publish year-end financial statements. Its chief executive, Markus Jooste, resigned, and the firm announced an internal […]
  • Not even “The Last Jedi” will reverse Americans’ retreat from cinemas December 14, 2017
    THE new “Star Wars” film opens this week. “The Last Jedi” arrives in cinemas in time to boost expected ticket sales for the year to about $11bn in America, only slightly down from last year’s record. But the American film industry is in trouble. Tickets sold per person have declined to their lowest point since […]
  • American business has concerns on tax reform December 14, 2017
    PRESIDENT DONALD TRUMP’S effort to change America’s tax code is approaching the finishing line. Republican negotiators from the Senate and the House of Representatives this week hashed out a consensus bill behind closed doors. On December 13th, Mr Trump expressed confidence that he would be able to sign the reform into law before Christmas.The key […]
  • The Santa clause December 14, 2017
    DEAR Team, I trust you are looking forward to your vacations and that the spirit of love and generosity infuses your family gatherings. I also hope that this spirit will be left next to the Christmas tree when you return to work at this incredible company on January 2nd. Because 2018 is going to be […]
  • The global property business tries to adapt to e-commerce December 14, 2017
    Stores of valueFIFTH AVENUE in New York is the most expensive stretch of retail property in the world, now festooned with lights in the approach to Christmas. The pavements heave with crowds eager to see the diamonds sparkling at Tiffany & Co, a jeweller, and festive displays at Saks Fifth Avenue, a department store. But […]
  • A decade after it hit, what was learnt from the Great Recession? December 14, 2017
    TEN years ago this month, America entered the “Great Recession”. A decade on, the recession occupies a strange space in public memory. Its toll was clearly large. America suffered a cumulative loss of output estimated at nearly $4trn, and its labour markets have yet to recover fully. But the recession was far less bad than […]
  • Oil and gas supply disruptions ripple around the world December 14, 2017
    The Baumgarten blastCALL it the hydrocarbon equivalent of the butterfly effect. As oil and gas supplies tighten during the northern winter, disruptions as remote as a hairline fracture on a piece of Scottish pipeline, and an explosion in an Austrian natural-gas plant, have repercussions felt around the world.Start with the pipeline. After Ineos, a chemicals […]
  • Cars, jewels, wine and watches have been good investments December 14, 2017
    DIAMONDS, they say, are for ever. They can be pricey, too. On December 5th 173 lots of jewels auctioned by Sotheby’s raised $54m. They included several pieces belonging to Sean Connery, known for playing James Bond. The following day a car favoured by Bond, the Aston Martin DB5, was auctioned for $2.7m. It was among […]
  • The markets’ apparent calm over Brexit is deceptive December 14, 2017
    FOR all the sound and fury of the Brexit negotiations, it has seemed at times as if the financial markets have been barely affected. But as with the swans that glide on the Thames, a serene surface conceals some frantic paddling underneath.The pound is the most reliable indicator of the Brexit mood. A rule of […]
  • The WTO remains stuck in its rut December 14, 2017
    “THERE is life after Buenos Aires,” soothed Susana Malcorra, chair of the 11th ministerial meeting of the World Trade Organisation (WTO). Multilateralism may not be dead, but it has taken a kicking. Expectations were low as the meeting began in the Argentine capital. They sank even lower as it progressed. Delegates failed to agree on […]