Telecom Industry Sees Relief in Trump Policy Agenda

Wall Street Journal - Fri, 12/09/2016 - 7:00am
The telecommunications industry is embracing the idea of a Trump administration. President-elect Donald Trump’s promises to reduce corporate taxes and to eliminate regulations have been welcomed by executives.
Categories: Business

Big Brands Help Fund Fake-News Sites

Wall Street Journal - Fri, 12/09/2016 - 4:59am
Ads from well-known companies often appear on sites with false or misleading news, helping them generate tens of thousands of dollars in monthly revenue.
Categories: Business

Michael Jordan Scores China Win

Wall Street Journal - Fri, 12/09/2016 - 3:14am
NBA great Michael Jordan has claimed a victory in China, with the nation’s high court ruling that a Chinese sportswear company can’t sell merchandise using his name in Chinese characters.
Categories: Business

How Trump's Web of LLCs Obscures His Business Interests

Wall Street Journal - Fri, 12/09/2016 - 1:35am
Donald Trump uses a web of privately held LLCs and other entities to house his assets—everything from real estate to a vintage carousel in Manhattan’s Central Park—making it impossible to gauge the full extent of potential conflicts he may face as president.
Categories: Business

Time Inc. Hires Banks to Help Field Takeover or Partnership Interest

Wall Street Journal - Fri, 12/09/2016 - 1:29am
Time Inc. hired banks to help field takeover or partnership interest after the country’s largest magazine publisher received overtures from a group of media investors including Edgar Bronfman Jr.
Categories: Business

Glencore Cements Russian Connections With Rosneft Deal

Wall Street Journal - Thu, 12/08/2016 - 10:59pm
Glencore’s move to take a stake in Russian oil producer Rosneft appears to be a victory for the Swiss commodity trader in a market it once dominated.
Categories: Business

Companies on Climate: Trump or No, Still Cutting Emissions

Wall Street Journal - Thu, 12/08/2016 - 9:50pm
Many big corporations continue to back efforts to cut carbon emissions, vowing to stay the course despite the election of Donald Trump, who has promised to dismantle President Obama’s climate agenda.
Categories: Business

Former Insys CEO Arrested in Opioid Prescription Kickback Case

Wall Street Journal - Thu, 12/08/2016 - 7:56pm
Six former executives and managers at Insys Therapeutics were arrested and charged with conspiring to defraud health insurers and bribe doctors in exchange for prescribing the company’s fentanyl painkiller, Subsys.
Categories: Business

Buyout Firm Stone Canyon in Talks to Buy Mauser Group

Wall Street Journal - Thu, 12/08/2016 - 6:11pm
An investment firm with ties to junk-bond pioneer Michael Milken is nearing a deal to buy industrial-packaging company Mauser Group for more than $2 billion.
Categories: Business

SpaceX Loses Launch Order to Arianespace

Wall Street Journal - Thu, 12/08/2016 - 3:16pm
SpaceX has lost a spacecraft launch order from a major satellite operator to a European rival after the failure of one of its rockets and delays in resuming flights.
Categories: Business

E-Cigarettes Pose 'Major' Risks, Surgeon General's Report Warns

Wall Street Journal - Thu, 12/08/2016 - 2:50pm
The U.S. Surgeon General called surging e-cigarette use by children and young adults “a major public health concern” and recommended increased regulation and taxation of the products in a report set to be released Thursday.
Categories: Business

OPECDeal Raises Hopes But Not Valuations for Troubled Oil Producers

Wall Street Journal - Thu, 12/08/2016 - 1:03pm
OPEC’s deal to cut oil production isn’t likely to save investors in troubled U.S. producers from seeing their stakes vanish in chapter 11, according to restructuring experts.
Categories: Business

U.S. Household Net Worth Reached Record $90.2 Trillion in Third Quarter

Wall Street Journal - Thu, 12/08/2016 - 12:00pm
The wealth of U.S. households climbed to a record $90.2 trillion in the third quarter, driven by a powerful buildup in both real estate and stocks.
Categories: Business

'Super Mario Run' for iPhone Signals New Era for Nintendo

Wall Street Journal - Thu, 12/08/2016 - 11:48am
When Nintendo launches “Super Mario Run” on Apple mobile devices next week, it will be among its boldest moves yet to stay relevant in the fiercely competitive videogame market.
Categories: Business

McDonald's to Move Non-U.S. Tax Base to the UK

Wall Street Journal - Thu, 12/08/2016 - 11:36am
McDonald’s said a large portion of its non-U.S. income would be taxed in the U.K., following a restructuring that shifts operations away from Luxembourg.
Categories: Business

Lego CEO Sees Potential for Brand in Digital Products

Wall Street Journal - Thu, 12/08/2016 - 11:24am
Lego’s top boss says in his new role he would like to expand Lego into uncharted business territory, while also avoiding putting the brand name in the wrong places.
Categories: Business
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