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For Aramco Insiders, Prince's $2 Trillion IPO Valuation Doesn't Add Up
Mon, 24 Apr 2017 16:44:08 EDT - Officials working on taking the state-owned oil company public have struggled to come up with a scenario under which Saudi Aramco is worth more than $1.5 trillion, according to people familiar with the matter.
GM Loses Bid to Limit Fallout From Ignition-Switch Cases
Mon, 24 Apr 2017 16:13:43 EDT - The U.S. Supreme Court denied General Motors’ request to review a lower-court ruling that gave some victims’ families the power to sue over defective ignition switches, leaving the company exposed to billions of dollars in potential new claims.
PPG Raises Bid for Akzo Nobel to $26.4 Billion
Mon, 24 Apr 2017 15:50:56 EDT - Paints giant PPG raised its offer for Dutch rival Akzo Nobel to $26.4 billion, the U.S. firm’s third takeover attempt in a two-month long, unsolicited courtship.
Apple Hires Rocket Scientists as It Tries to Catch Up in Driverless Cars
Mon, 24 Apr 2017 15:13:03 EDT - Apple’s plan for testing autonomous vehicles calls for putting senior engineers—some with NASA experience—in its cars, a move that suggests the company’s technology is still in early phases.
Hasbro Passes Mattel in Sales for First Time Since 2000
Mon, 24 Apr 2017 14:12:20 EDT - After years of trailing behind Mattel, Hasbro passed its rival in quarterly revenue for the first time since 2000, highlighting the diverging fortunes of the two toy makers.
The U.S. Makes It Easy for Parents to Get College Loans---Repaying Them Is Another Story
Mon, 24 Apr 2017 16:47:59 EDT - The federal Parent Plus loan program has millions of borrowers, many with subprime credit ratings. Its default rate exceeds the rate for U.S. mortgages at the peak of the housing crisis, and the debt is almost impossible to extinguish through bankruptcy.
Flood of Dollar Debt Could Come Back to Haunt Emerging Economies
Sun, 23 Apr 2017 11:56:09 EDT - Emerging-market companies are binging on U.S. dollar debt and that could become a source of trouble in some parts of the world if growth slows, interest rates rise or the dollar resumes its ascent.
Trump Orders Plan to Cut Corporate Tax Rate to 15%
Mon, 24 Apr 2017 16:36:29 EDT - President Trump has ordered aides to draft a tax plan that slashes the corporate tax rate to 15%, even if that means a loss of revenue and exacerbating the plan’s procedural and partisan hurdles.
World Bank, IMF Are on Guard With the Trump Administration
Mon, 24 Apr 2017 16:27:51 EDT - Leaders of the World Bank and the International Monetary Fund may have this past weekend won the qualified backing of the Trump administration, but their work is hardly done.
Cheaper Mortgages Could Spur Housing Market
Sun, 23 Apr 2017 23:16:13 EDT - Mortgage rates dropped below 4% for the first time since November, providing more kindling to an already hot housing market as the crucial spring selling season gets under way.
Arconic Delays Annual Meeting, Considers Adding Two Elliott Directors
Mon, 24 Apr 2017 16:37:25 EDT - Arconic extended an olive branch to activist investor Elliott Management as it seeks to end a lengthy battle for control of the company that has turned personal and cost its top executive his job.
FCC Head Expected to Announce Net Neutrality Strategy
Mon, 24 Apr 2017 15:48:45 EDT - The nation’s top telecommunications regulator is expected to unveil his strategy Wednesday for rolling back Obama-era net neutrality rules.
McDonald's Earnings: What to Watch
Mon, 24 Apr 2017 15:00:21 EDT - McDonald’s is scheduled to announce its first-quarter earnings before the market opens on Tuesday. Here’s what you need to know.
French Election Will Signal Nation's Commitment to Economic Overhauls
Sun, 23 Apr 2017 23:27:24 EDT - Voters are picking between presidential candidates who blame the economic malaise on the EU or austerity measures. Yet France’s problems long predate the euro crisis and the austerity that followed.
Meet the Man in Charge of Trump's Review of Wall Street Rules
Mon, 24 Apr 2017 16:21:49 EDT - Craig Phillips, a former BlackRock executive, has emerged as a central figure in President Trump’s Treasury Department, helming the administration’s plan for financial deregulation and serving as a key point of contact with the financial industry.
Japan: TPP Would Be Better Than U.S. Bilateral Trade Pact
Sat, 22 Apr 2017 08:48:45 EDT - A top Japanese official pushed back against a new proposal from the U.S. to pursue a bilateral trade agreement, warning that the terms of such a pact would be less favorable than those offered under a multilateral deal abandoned by the Trump administration this year.
Samsung to Issue Galaxy S8 Software Updates After Complaints
Mon, 24 Apr 2017 10:32:44 EDT - Samsung will roll out two patches for its new smartphone after customers complained of red-tinted screens and poor Wi-Fi connections.
India Liquor Ruling Adds Twist to Sales Maze
Mon, 24 Apr 2017 12:02:33 EDT - With a ban on alcohol sales near highways, India’s Supreme Court has made selling liquor in India—the world’s biggest whiskey market by volume but one of its most challenging—even harder.
LafargeHolcim CEO to Depart in Wake of Syria Controversy
Mon, 24 Apr 2017 10:56:56 EDT - The Franco-Swiss building-materials company said Eric Olsen will step down on July 15 despite being cleared in an internal review of any wrongdoing regarding the company’s operations in Syria in 2013 and 2014.

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