Banks Are Big Winners From Tax Cut

Banks Are Big Winners From Tax Cut

Business January 17, 2018 0

“The good news is that tax reform has produced both current and future benefits for our shareholders,” PNC’s president and chief executive, Bill Demchak, told analysts on Friday. He said the bank’s preference would be to divert the tax savings “toward dividend” — which is to say, to return... Read more
DealBook Briefing: BlackRock’s Larry Fink Goes Social Activist

DealBook Briefing: BlackRock’s Larry Fink Goes Social Activist

Business January 16, 2018 0

The context, from Andrew’s latest DealBook column: Mr. Fink’s letter pits the investment mogul “against many of the companies that he’s invested in, which hold the view that their only duty is to produce profits for their shareholders, an argument long espoused by economists like Milton Friedman.” The assessment:... Read more
BlackRock’s Message: Contribute to Society, or Risk Losing Our Support

BlackRock’s Message: Contribute to Society, or Risk Losing Our Support

Business January 16, 2018 0

In a candid assessment of what’s happening in the business world — and perhaps taking a veiled shot at Washington at the same time — Mr. Fink wrote that he is seeing “many governments failing to prepare for the future, on issues ranging from retirement and infrastructure to automation... Read more
Keeping Up With the Meltdown and Spectre Bugs

Keeping Up With the Meltdown and Spectre Bugs

Business January 15, 2018 0

Q. Is it safe to install the Windows patch for these new Spectre and Meltdown bugs? Do they affect Linux? (And who names these security flaws, anyway?) A. Meltdown and Spectre, the two recently announced security flaws that can expose personal data to hackers, could potentially affect Linux systems,... Read more
Detroit Auto Show May Be Celebrating an Era About to End

Detroit Auto Show May Be Celebrating an Era About to End

Business January 15, 2018 0

More worrisome is that the drops in retail sales have come even as manufacturers have resorted to heftier discounts, which eat into their profits. Sales incentives are now equal to more than 11 percent of the average vehicle’s sticker price. As recently as 2014, that figure was below 8... Read more
Hope Fades for Missing Crew Members as Iranian Oil Tanker Sinks

Hope Fades for Missing Crew Members as Iranian Oil Tanker Sinks

Business January 15, 2018 0

Photo The Sanchi, an Iranian oil tanker, burned for over a week off the coast of eastern China before sinking on Sunday. Credit Chinese Ministry of Transportation, via Agence France-Presse — Getty Images HONG KONG — An Iranian oil tanker that collided with another vessel in the East China... Read more
Mr. Amazon Steps Out – The New York Times

Mr. Amazon Steps Out – The New York Times

Business January 14, 2018 0

The appearances and actions are a new look for Mr. Bezos. Photo Mr. Bezos with, from left, the actors Matt Damon, Taika Waititi and Chris Hemsworth after the Golden Globes last Sunday. Credit Alberto E. Rodriguez/Getty Images As he was shaping Amazon into one of the world’s most valuable... Read more
Mark Wahlberg and Agency Will Donate $2 Million to Time’s Up After Outcry Over Pay

Mark Wahlberg and Agency Will Donate $2 Million to Time’s Up After Outcry Over Pay

Business January 14, 2018 0

In a statement late Saturday, Ms. Williams gave credit to Mr. Wahlberg, William Morris Endeavor and many others for making the day “one of the most indelible” of her life. “Today isn’t about me,” she said. “My fellow actresses stood by me and stood up for me, my activist... Read more
False Missile Warning in Hawaii Adds to Scrutiny of Emergency Alert System

False Missile Warning in Hawaii Adds to Scrutiny of Emergency Alert System

Business January 14, 2018 0

Federal officials said then that the near ubiquity of mobile phones made them the most effective means for warning of hurricanes, terrorist threats and missing persons. Emergency alerts are still broadcast via TV, radio and air siren, according to the Federal Emergency Management Agency. Arriving with distinct ringtones and... Read more
Why Is South Korea Spooking the Global Bitcoin Market?

Why Is South Korea Spooking the Global Bitcoin Market?

Business January 13, 2018 0

What might South Korea do? The country’s justice minister, Park Sang-ki, said this week that his ministry was drawing up a bill that would include the complete shutdown of virtual currency exchanges, adding that trading in the tokens “has started to resemble gambling and speculation.” The most popular Bitcoin... Read more