Business

2017 September. Page #1. Latest story: Digital Currencies Are Growing on Faltering Foundations

Digital Currencies Are Growing on Faltering Foundations

The New York Times | Friday September 29, 2017

Bitcoin, Ether and their rivals are gaining popularity. But the exchanges where they trade have serious weaknesses that need to be fixed.

In Ad, Malliotakis Takes Swing at de Blasio Over Subway Woes

The New York Times | Friday September 29, 2017

The Republican mayoral candidate, Nicole Malliotakis, releases “Subway Nightmare” ad that links Mayor Bill de Blasio to a deterioration in train service.

Why the Trump tax plan stinks

The Washington Post | Friday September 29, 2017

Veterans Agency Seeks to Scrap Ethics Law on For-Profit Colleges

The New York Times | Friday September 29, 2017

The department says the conflict-of-interest statute, passed after scandals in for-profit education, is outdated, but others call it a safeguard.

U.S. fines HSBC $175 million for lax forex trading oversight

Reuters | Friday September 29, 2017

WASHINGTON (Reuters) - The U.S. Federal Reserve fined HSBC Holdings PLC $175 million on Friday for "unsafe and unsound practices" in its foreign exchange trading business, the latest in a series of fines for banks that fail to prevent market manipulation.

Study Finds More Diversity Among First-Time TV Directors

The New York Times | Friday September 29, 2017

The Directors Guild of America says that the pool of new directors is growing more diverse, but some industry officials are not so sure.

A Collector’s Dream: Creating Your Own Museum as a Legacy

The New York Times | Friday September 29, 2017

Collectors who want their life’s work to live on after they die sometimes do this, but like many things, there is more to it than meets the eye.

S&P 500, Nasdaq hit records on tech lift

Reuters | Friday September 29, 2017

(Reuters) - The S&P 500 and the Nasdaq advanced to record levels on Friday, buoyed by gains in technology stocks, while each of the major indexes closed out the quarter with solid gains.

ISS says P&G investors should vote Peltz on to board

Reuters | Friday September 29, 2017

NEW YORK (Reuters) - Institutional Shareholder Services, the influential proxy adviser, said on Friday shareholders in Procter & Gamble Co should vote activist investor Nelson Peltz to the board of the consumer goods giant.

Tech gains lift S&P 500, Nasdaq to records; Dow slips

Reuters | Friday September 29, 2017

(Reuters) - The S&P 500 and the Nasdaq rose to record levels on Friday, buoyed by gains in technology stocks, while each of the major indexes were on track to close out the quarter with solid gains.

Restoring Those Old Liner Notes in Music’s Digital Era

The New York Times | Friday September 29, 2017

TunesMap, which offers a feed of videos, photographs and links to related material when songs are streamed, will make its debut as an Apple TV app in November.

Lagging U.S. online giants, Europe calls on them to pay up

Reuters | Friday September 29, 2017

TALLINN (Reuters) - French, Italian and other European leaders upped the pressure on mostly U.S. tech giants to pay their fair share of taxes in the European Union and abide by the bloc's rules when they met on Friday, but were still far from a consensus on the issue.

S&P, Nasdaq hit record on gains in tech, financials

Reuters | Friday September 29, 2017

(Reuters) - The S&P 500 and the Nasdaq hit record levels on Friday, the last trading day of the quarter, helped by gains in technology and financial stocks.

Bankers anxious over consumer reactions to Equifax breach

Reuters | Friday September 29, 2017

(Reuters) - U.S. lenders are concerned their consumer loan and credit card businesses could be stymied if large numbers of people lock or freeze their credit reports to protect themselves in the wake of the Equifax Inc hack.

Hurricane Harvey curbs U.S. consumer spending; inflation muted

Reuters | Friday September 29, 2017

WASHINGTON (Reuters) - U.S. consumer spending barely rose in August likely as Hurricane Harvey weighed on auto sales, while annual inflation increased at its slowest pace in nearly two years, pointing to a moderation in economic growth in the third quarter.

Deutsche Bank in $190 million currency-rigging settlement

Reuters | Friday September 29, 2017

NEW YORK (Reuters) - Deutsche Bank AG agreed to pay $190 million to settle U.S. litigation accusing it of rigging prices in the roughly $5.1 trillion-a-day foreign exchange market.

Fed fines HSBC $175 million for lack of forex trading oversight

Reuters | Friday September 29, 2017

WASHINGTON (Reuters) - The Federal Reserve on Friday fined HSBC Holdings PLC $175 million for "unsafe and unsound practices" in its foreign exchange trading business, the latest in a series of fines for banks' failures to prevent market manipulation.

Why Public Health Insurance Could Help, Even if You Don’t Want It

The New York Times | Friday September 29, 2017

A public option could put competitive pressure on private health insurers. Markets in India and Mexico show how that might work in the United States.

U.S. auto sales for September to be highest in 2017: JD Power and LMC

Reuters | Friday September 29, 2017

(Reuters) - Americans in hurricane ravaged cities are replacing their damaged vehicles and that is set to lift the pace of vehicles sales for September to its highest level this year, according to consultancies J.D. Power and LMC Automotive.

Lagging U.S. online giants, Europe split over web tax

Reuters | Friday September 29, 2017

TALLINN (Reuters) - European Union leaders meeting on Friday to discuss how to boost the region's online economy appeared divided where to put the emphasis: supporting the industry or taxing the mostly American companies that currently dominate.