Business

2017 September

Inside the New Proposal That Exacerbated Uber’s Board Divisions

The New York Times | Saturday September 30, 2017

If approved by the board, the proposal by Uber’s new chief, Dara Khosrowshahi, and Goldman Sachs would reduce Travis Kalanick’s voting clout.

Uber's Kalanick rekindles power struggle, names two to board

Reuters | Saturday September 30, 2017

SAN FRANCISCO (Reuters) - Uber Technologies Inc [UBER.UL] co-founder Travis Kalanick said he had appointed two new directors, a surprise move that publicly reignited a board battle over the role of the ousted former chief executive.

Qatar Airways expects Meridiana to be Italy's 'real' national carrier

Reuters | Saturday September 30, 2017

DOHA (Reuters) - Qatar Airways will back Meridiana to be Italy's top airline, supplying it with wide and narrow bodied jets to help expand its network, the Middle East carrier's chief executive said on Saturday.

China Tries to Steer Loans to Small Businesses

The New York Times | Saturday September 30, 2017

Chinese banks have balance sheets bloated with loans to big state-owned enterprises. The central bank is nudging them to lend more to smaller rivals.

Sears Canada asks court for more time to close deal with chairman

Reuters | Saturday September 30, 2017

(Reuters) - Sears Canada Inc said late on Friday that it has asked a court to extend creditor protection that expires on Wednesday by another month so it can finish negotiating a deal that would keep the iconic brand running in Canada.

In a Warming World, Keeping the Planes Running

The New York Times | Saturday September 30, 2017

Sea walls, longer runways and lighter plane loads could add major expenses for a global industry that transports billions of passengers a year.

EU declines to rank rival bids for agencies leaving Britain over Brexit

Reuters | Saturday September 30, 2017

BRUSSELS (Reuters) - The European Commission has shied away from ranking which cities should host Europe's drugs regulator and banking authority after Brexit, saying the decision is up to the 27 member states which will remain.

‘Faux’ Male Feminists Draw Ire in Hollywood

The New York Times | Saturday September 30, 2017

A scathing essay by Joss Whedon’s ex-wife is the latest example of a male feminist being called a fake.

When it comes to U.S. stocks, growth trumps quality

Reuters | Saturday September 30, 2017

NEW YORK (Reuters) - U.S. investors are not rewarding companies for generating good earnings consistently, opting instead for a stockpicking strategy that might be called "growth at a high cost."

Citigroup to settle dispute with Lehman Brothers for $1.74 billion: Bloomberg

Reuters | Saturday September 30, 2017

(Reuters) - Citigroup Inc and Lehman Brothers Holdings Inc resolved a fight over $2.1 billion that dates to the financial crisis era after Citigroup agreed to give back $1.74 billion to the estate of the investment bank, according to Bloomberg.

Google Prepares to Brief Congress on Its Role in Election

The New York Times | Saturday September 30, 2017

Following scrutiny of Facebook and Twitter, the search giant is examining if Russians used its services to meddle in last year’s election.

In Power Move at Uber, Travis Kalanick Appoints 2 to Its Board

The New York Times | Saturday September 30, 2017

Mr. Kalanick, the former Uber chief, who has been embroiled in a fight with other directors at the ride-hailing company, moved to assert his control over its board.

Uber's Kalanick reignites power struggle, names two to board

Reuters | Saturday September 30, 2017

SAN FRANCISCO (Reuters) - Uber Technologies Inc [UBER.UL] co-founder Travis Kalanick on Friday said he had appointed two new directors, a surprise move that publicly reignited a board battle over the role of the ousted former chief executive.

Uber's Kalanick says he appoints former Xerox, Merrill bosses to board

Reuters | Saturday September 30, 2017

SAN FRANCISCO (Reuters) - Uber Technologies Inc [UBER.UL] co-founder Travis Kalanick on Friday said he had appointed two new board members, challenging Uber shareholders who have asked a court to stop the former chief executive from naming directors.

New Virtual Currencies Hit Barriers in U.S. and 2 Other Nations

The New York Times | Saturday September 30, 2017

The authorities in the United States, South Korea and Switzerland all took steps to cool down the market for so-called initial coin offerings.

Apple looks into two reports of iPhone 8 Plus splitting open

The Washington Post | Saturday September 30, 2017

Report: Family-owned businesses are doing better than the rest

The Washington Post | Saturday September 30, 2017

Sure, working with family can be trying at times. But you can't argue with the results.

U.S. Says A.I.G. Is No Longer ‘Too Big to Fail’ 9 Years After Bailout

The New York Times | Friday September 29, 2017

Federal regulators voted Friday to no longer classify American International Group as “systemically important,” meaning it will face less oversight.

Why the Trump tax plan stinks

The Washington Post | Friday September 29, 2017

It violates every good principle while delivering tax breaks for those at the top.

The new reality of old age in America

The Washington Post | Friday September 29, 2017