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U.S. Colleges Slip in Global Rankings

U.S. Colleges Slip in Global Rankings

The U.S. continues to lay claim to more elite research universities than any other country in the world, but that dominance is beginning to fray, according to the 2018 Times Higher Education World University Rankings.

Published 4 months ago

Harvey Losses Won’t Sink Insurers

Harvey Losses Won’t Sink Insurers

Property and casualty insurers may be liable for up to $25 billion in claims from Hurricane Harvey. But with excess capital of $150 billion to $300 billion, they can easily manage that.

Published 4 months ago

Facebook Tees Up WhatsApp to Make Money

Facebook Tees Up WhatsApp to Make Money

WhatsApp will eventually charge companies to use some future features in the two free business tools it started testing this summer.

Published 4 months ago

Lego to Slash 1,400 Jobs as It Posts First Sales Drop in Over a Decade

Lego to Slash 1,400 Jobs as It Posts First Sales Drop in Over a Decade

Lego posted its first drop in sales in over a decade and said it would slash 8% of its global workforce by the end of 2017 as the Danish toy maker adjusts to an era of slower growth.

Published 4 months ago

Verizon Wants to Build an Advertising Juggernaut. It Needs Your Data First

Verizon Wants to Build an Advertising Juggernaut. It Needs Your Data First

Verizon’s new rewards program helps customers get concert tickets and phone upgrades, but they must provide their location and personal information.

Published 4 months ago

In Eyeing Jeep, Chinese Auto Maker Nods to Home-Turf Issues

In Eyeing Jeep, Chinese Auto Maker Nods to Home-Turf Issues

Great Wall Motor’s push to go global by acquiring Jeep is being spurred by some tricky realities closer to home, where the Chinese auto maker faces sliding profits, tougher regulation, and intensifying competition in its core segment.

Published 4 months ago

A Decade After Crisis, Investors Have Stopped Hunting for Black Swans

A Decade After Crisis, Investors Have Stopped Hunting for Black Swans

Fear of “black swan” events, which are difficult to predict, drove some investors into hedge funds that offered extreme insurance policies. But the swans have yet to return, and such strategies have fallen out of favor.

Published 4 months ago

Angry Birds Maker Rovio Confirms IPO Plan

Angry Birds Maker Rovio Confirms IPO Plan

Rovio, the company behind the “Angry Birds” videogame and film franchise, confirmed that it is planning to list its shares in Finland—a litmus test for an industry known for its erratic performance.

Published 4 months ago

Cambodia Charges Opposition Leader Kem Sokha With Treason

Cambodia Charges Opposition Leader Kem Sokha With Treason

Cambodia’s opposition leader was formally charged with treason for allegedly conspiring with the U.S. to topple the government and he could face up to 30 years in prison if convicted.

Published 4 months ago

New York Daily News Is Sold to Tronc

New York Daily News Is Sold to Tronc

Tronc has acquired the Daily News, the nearly century-old New York City tabloid, giving the publisher of the Los Angeles Times and Chicago Tribune a presence in the three largest cities in the U.S.

Published 4 months ago

Battle Shapes Up in Congress Over Fate of Immigration Program

Battle Shapes Up in Congress Over Fate of Immigration Program

President Donald Trump’s move to end a program that protects young, undocumented immigrants sets up a six-month scramble among Republicans who have starkly different views on the program’s worth.

Published 4 months ago

Congress Faces a Tense Agenda, With Little Margin for Error

Congress Faces a Tense Agenda, With Little Margin for Error

After a summer recess, Congress must grapple with keeping the federal government open, paying U.S. creditors and passing a hurricane-aid bill—a test of the uneasy alliance between President Trump and the GOP.

Published 4 months ago

United Technologies to Buy Rockwell Collins for $23 Billion

United Technologies to Buy Rockwell Collins for $23 Billion

United Technologies reached a deal to buy airplane-parts maker Rockwell Collins for $23 billion, in the biggest aerospace deal in history.

Published 4 months ago

Houston’s Environmental Threats Come Into Focus

Houston’s Environmental Threats Come Into Focus

Water is subsiding in flooded Houston neighborhoods, but Texans returning to damaged homes face plenty of obstacles, including the threat of toxic pollutants in the air and drinking water.

Published 4 months ago

Weak Pay Raises in Europe Pose Political Threat

Weak Pay Raises in Europe Pose Political Threat

The Phillips curve, which describes the inverse relationship between unemployment and inflation, seems to have faltered. That has potentially tough political implications for much of Europe.

Published 4 months ago