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Prosecutors Seek 12-Year Sentence for Samsung Heir

Prosecutors Seek 12-Year Sentence for Samsung Heir

South Korean prosecutors sought a 12-year sentence for Lee Jae-yong, the de facto head of the Samsung conglomerate, after a monthslong trial over a national corruption scandal.

Published 5 months ago

No North Korea Talks While Missiles Are Flying, Tillerson Says

No North Korea Talks While Missiles Are Flying, Tillerson Says

If North Korea wants talks with the U.S., it must first stop launching missiles, U.S. Secretary of State Rex Tillerson said; Pyongyang said it would not put its “nuclear deterrent” on the table while the U.S. persists in its “scheme” against North Korea.

Published 5 months ago

A Mortgage Mystery: What Happens to ARMs When Libor Goes Away?

A Mortgage Mystery: What Happens to ARMs When Libor Goes Away?

Many adjustable-rate mortgages are tied to Libor, which is being phased out over five years. What will replace it remains unclear.

Published 5 months ago

Mobile Games’ Most Valuable Tool: Access to You

Mobile Games’ Most Valuable Tool: Access to You

Games on smartphones and tablets ping players, baiting them back in with rewards and special contests. And it’s working.

Published 5 months ago

Google’s New Diversity Chief Criticizes Employee’s Memo

Google’s New Diversity Chief Criticizes Employee’s Memo

Google’s new diversity chief criticized the contents of an employee’s memo that went viral inside the company for suggesting Google has fewer female engineers because men are better suited for the job.

Published 5 months ago

‘Sanctuary City’ Chicago to File Suit Against Trump Administration

‘Sanctuary City’ Chicago to File Suit Against Trump Administration

Chicago Mayor Rahm Emanuel said Sunday the city will file a federal lawsuit challenging the Trump administration’s use of federal grant money as a way to force local authorities to cooperate with a crackdown on illegal immigration.

Published 5 months ago

Congressional Recess, Full Plate Keep the Heat on GOP Lawmakers

Congressional Recess, Full Plate Keep the Heat on GOP Lawmakers

Congressional Republicans plan to use their recess to make a public case for a sweeping tax overhaul, but a mixed message for voters and a full plate of time-sensitive legislation leave them with an uncertain path.

Published 5 months ago

Enforcing New North Korea Sanctions Poses Challenge

Enforcing New North Korea Sanctions Poses Challenge

The U.S. scored a victory with the United Nations Security Council’s passage of the toughest-ever economic sanctions against North Korea over the weekend. Now comes the hard part: making them stick, and fast.

Published 5 months ago

Egypt’s Leader Makes a Risky Bet on the Healing Power of Economic Pain

Egypt’s Leader Makes a Risky Bet on the Healing Power of Economic Pain

Cuts to once-sacred government food and fuel subsidies have caused price hikes and rampant inflation, but Al-Sisi hopes new jobs, investment and growth will arrive before his support erodes.

Published 5 months ago

West Virginia Defection Complicates Democrats’ Long Climb Back

West Virginia Defection Complicates Democrats’ Long Climb Back

When West Virginia Gov. Jim Justice switched parties to the GOP, the Democratic Party lost not only a state leader but some mojo in an urgent battle to rebuild the tattered party from the state level up.

Published 5 months ago

Regulators’ Penalties Against Wall Street Are Down Sharply in 2017

Regulators’ Penalties Against Wall Street Are Down Sharply in 2017

Regulators levied far fewer fines over financial misconduct in the first half of 2017 compared with a year earlier. Reasons include a business-friendly shift under President Trump and the winding down of cases from the financial crisis.

Published 5 months ago

Hot-Stock Rally Tests the Patience of a Choosy Lot: Value Investors

Hot-Stock Rally Tests the Patience of a Choosy Lot: Value Investors

Value investing is mired in one of its worst stretches on record, prompting concerns that the investment style favored by generations of fund managers is losing its effectiveness.

Published 5 months ago

Behind the Push to Keep Higher-Priced EpiPen in Consumers’ Hands

Behind the Push to Keep Higher-Priced EpiPen in Consumers’ Hands

More than seven months after the introduction of a generic version of the allergy drug, the more expensive brand-name EpiPen still accounts for over a quarter of the market. One reason is that a middleman can profit from the sale of such pricier medicines.

Published 5 months ago

You’re Fired! No, Wait, Please Keep Working

You’re Fired! No, Wait, Please Keep Working

The U.S. Labor Department reported another solid month of U.S. hiring for July. Getting less attention these days, but no less important, is how little American firms are firing.

Published 5 months ago

Charities Coax Lawmakers to Rethink Tax Plan

Charities Coax Lawmakers to Rethink Tax Plan

Charities stand to lose billions in donations if Republicans advance their tax overhaul, prompting the nonprofits to carefully attempt to persuade lawmakers to reshape their plan.

Published 5 months ago