Business

Business

Wall Street may get new chance to gut Obama broker-conflict rule

(c) 2017, Bloomberg. The finance industry may get a fresh opportunity to chip away at an Obama-era rule that cracked down on Wall Street conflicts of interest, as the Securities and Exchange Commission is considering reviewing the responsibilities that brokers have to their clients. The SEC’s first...


Business

UPS must pay $247 million to N.Y. over untaxed cigarettes

(c) 2017, Bloomberg. United Parcel Service Inc. must pay $247 million to the state and city of New York for what a judge called the company’s “egregious and prolonged” failure to stop shipments of untaxed cigarettes from American Indian reservations that undermined anti-smoking efforts. U.S....


Business

Amazon opens grocery pickup kiosks to rival Wal-Mart

(c) 2017, Bloomberg. Amazon.com opened two grocery pickup kiosks in Seattle, part of its latest effort to enter the $800 billion grocery market and compete with “click and collect” shopping options from big box competitors like Wal-Mart Stores. The “AmazonFresh Pickup” spots let shoppers buy...


Business

Trump blasts German carmakers' U.S. sales and threatens barriers

(c) 2017, Bloomberg. BMW, Mercedes-Benz and VW are getting their turn in the crosshairs of President Donald Trump, who’s making a habit out of attacking the visible -- and free trade-dependent -- auto industry. “The Germans are bad, very bad,” Der Spiegel cited Trump as saying to unidentified...


State

Navajo Nation considers lease extension for coal power plant

WINDOW ROCK, Ariz. (AP) — The Navajo Nation has introduced legislation to extend the lease on a coal-fired power plant in northern Arizona so it can operate through 2019 and preserve jobs held by Native Americans. The lease extension would allow for the Navajo Generating Station to be used through...


Business

War over words erupts as World Bank star economist is sidelined

(c) 2017, Bloomberg. The World Bank’s chief economist has been stripped of his management duties after researchers rebelled against his efforts to make them communicate more clearly, including curbs on the written use of “and.” Paul Romer is relinquishing oversight of the Development Economics...


Business

Tesla's Model X misses out on America's voracious SUV hunger

(c) 2017, Bloomberg. Not everything Elon Musk touches has been a runaway sales success. While Tesla Inc.‘s Model S has been a hit and thousands lined up to order the upcoming Model 3 sedan, the Model X sport utility vehicle hasn’t met the chief executive officer’s expectations. Model X deliveries...


Business

T-Mobile wants to give your phone number superpowers

(c) 2017, The Washington Post. Starting May 31, T-Mobile users are going to be able to use their phone numbers in an entirely new way. The new feature, known as DIGITS, is rolling out to all customers, the company said Thursday. It lets you connect all the devices you own to a single phone number -...


Business

Why Americans are eating more pork now than they have in decades

(c) 2017, The Washington Post. HUMESTON, Iowa -- The Iowa Select pig farm gives its visitors headphones, because the squeal of hogs is deafening. This is either a chorus for the damned -- or the sound of pork’s ascendancy. Americans, long devoted to chicken and beef, are eating more pork now than...


Business

Retirement savings gap seen reaching $400 trillion by 2050

(c) 2017, Bloomberg. Longer life spans and disappointing investment returns will help create a $400 trillion retirement-savings shortfall in about three decades, a figure more than five times the size of the global economy, according to a World Economic Forum report. That includes a $224 trillion...


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