Business

Business

The FCC's independent chair is getting too cozy with the White House, critics

(c) 2017, The Washington Post. WASHINGTON - Much of the media coverage surrounding President Donald Trump’s meetings with tech industry executives this week has focused on the companies in the room - Apple, Microsoft, Verizon and so on. But the meetings have also included a smattering of government...


Business

AP FACT CHECK: Trump's solar-power brainwave was borrowed

Trump

WASHINGTON (AP) — President Donald Trump is crediting himself with the idea of building a Mexico border wall of solar panels. But that looks to be a borrowed brainwave; others pitched a solar wall back when he was a skeptic of tapping power from the sun. Trump’s speech in Iowa on Wednesday night...


Business

Barcelona cab licenses yielding 500 percent boost Uber in Spain

(c) 2017, Bloomberg. Spain’s best-performing investment over the last 30 years may be the black-and-yellow cab you hailed the last time you were in Barcelona. The secondary-market value of a license to operate a taxi in the Catalan capital rose 503 percent from 1987 to 2016, according to a report...


Business

Sri Lankan doctors strike to demand university's closure

COLOMBO, Sri Lanka (AP) — State hospitals in Sri Lanka were paralyzed Friday as doctors went on strike to demand that a private medical university be shut down, saying it could jeopardize health care standards in the island nation. The strike affected thousands of people as state-run hospitals were...


Business

Treasury's regulation unwind already having an effect on markets

(c) 2017, Bloomberg. The Treasury’s proposal to unleash financial sector animal spirits constrained over the last seven years by the weight of regulations is already sweeping through markets. Just look at the ease in exchanging foreign-currency denominated loans for those in dollars, interest-rate...


Business

Amazon's food offensive forcing supermarkets into 21st century

(c) 2017, Bloomberg. Walk into a grocery store 10 years from now, and you’ll see more prepared meals, personalized recommendations and perhaps even an in-house restaurant. What you probably won’t see is a random stockpile of food and a long line at the register. Time-consuming trips and a...


Business

High-speed trader to pay $101 million in Landmark China case

(c) 2017, Bloomberg. China handed down a $101 million penalty and two suspended prison sentences in its first criminal case against a high-speed trading firm. The case had been closely watched by the trading community on the mainland, looking to shed light on Chinese authorities’ stance on high-...


Business

BlackBerry's banner year hits snag as software sales falter

(c) 2017, Bloomberg. BlackBerry’s string of recent success may have hit a snag. The Canadian company, which exited the hardware business last year, missed analysts’ estimates for total revenue, the majority of which is now made up of software sales. Revenue excluding some costs was $244 million in...


Business

Madoff explains his fraud: `I always wanted to please everybody'

(c) 2017, Bloomberg. Bernard Madoff has had eight years in prison to think about what went wrong. He’s concluded that a few of his investors were partially to blame for his fall from a legitimate securities trader to the biggest Ponzi schemer in U.S. history. He blames the “Big Four,” his earliest...


Business

The Finance 202: Big banks' great day in Washington

(c) 2017, The Washington Post. WASHINGTON - Mark it a banner day in Washington for the big banks. On Thursday morning, an A-team of regulators lined up before the Senate Banking Committee and largely agreed to dial back restrictions imposed on the industry after the financial crisis. And in the...


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