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At Manhattan Rooftop Bash, Dreams of Bitcoin Riches

At Manhattan Rooftop Bash, Dreams of Bitcoin Riches

Digital currencies Ethereum and bitcoin have shattered records this year, capturing the imaginations of speculators and entrepreneurs hoping to cash in.

Published 5 months ago

Counterfeiters Cast a Shadow on Booming Sales of Eclipse Glasses

Counterfeiters Cast a Shadow on Booming Sales of Eclipse Glasses

Demand for special glasses to view the coming solar eclipse is stretching manufacturers and prompting warnings of fake products that could threaten viewers’ eyesight.

Published 5 months ago

World Wrestling Entertainment Gets Toehold in China With Streaming Deal

World Wrestling Entertainment Gets Toehold in China With Streaming Deal

World Wrestling Entertainment plans to debut its online streaming channel, WWE Network, in China on Aug. 18 in a revenue-sharing deal with PPTV, the Chinese video website controlled by retail giant Suning.

Published 5 months ago

Talking Taxes: How to Bring Offshore Profits Home

Talking Taxes: How to Bring Offshore Profits Home

There’s a big pool full of money floating outside the U.S. and lawmakers want it home. U.S. companies hold more than $2.6 trillion in foreign profits that haven’t been subject to U.S. taxes, and Republicans and Democrats have been talking about ways to get it back and to change the rules.

Published 5 months ago

With Merger Deal, Blackstone, Starwood Bet on Being America’s Biggest Home Landlord

With Merger Deal, Blackstone, Starwood Bet on Being America’s Biggest Home Landlord

Two of the country’s largest rental-home owners, Blackstone’s Invitation Homes and Starwood Waypoint Homes have agreed to merge in a deal that would create a giant landlord with roughly 82,000 homes in 17 metro areas.

Published 5 months ago

Why Goldman Sachs Seized a Client’s 217-Foot Yacht

Why Goldman Sachs Seized a Client’s 217-Foot Yacht

The story behind Goldman’s nautical trophy catalogs the inevitable outcome of Wall Street’s latest gold rush: lending to wealthy clients, the loans backed by everything from Warhols to fine wine.

Published 5 months ago

Amazon and Whole Foods: What’s Next?

Amazon and Whole Foods: What’s Next?

After Amazon moved to acquire Whole Foods for $13.7 billion, the e-commerce giant needs to figure out how deeply it should integrate with the grocery chain.

Published 5 months ago

Seminaries Reflect Struggles of Mainline Churches

Seminaries Reflect Struggles of Mainline Churches

Some of the oldest and most celebrated seminaries in the U.S. are on the brink of financial collapse, with enrollment down as many mainline churches can support fewer full-time pastors.

Published 5 months ago

Malware Stored in Synthetic DNA Can Take Over a PC, Researchers Find

Malware Stored in Synthetic DNA Can Take Over a PC, Researchers Find

University of Washington researchers demonstrated a sophisticated new computer security risk, showing how malicious software hiding in synthetic strands of genetic code could overtake a PC during DNA analysis.

Published 5 months ago

Lego Replaces CEO After Eight Months to Further Digital Ambitions

Lego Replaces CEO After Eight Months to Further Digital Ambitions

Lego has replaced its chief executive after just eight months in the job, appointing a younger leader with digital experience, as it positions itself for growth with the next generation of toys.

Published 5 months ago

Ten Years Later, Younger Workers Still Endure Costs of the Crisis

Ten Years Later, Younger Workers Still Endure Costs of the Crisis

The greatest legacy of the past 10 years has been a dramatic rise in intergenerational inequality, writes Simon Nixon. The older generations were spared the costs of the financial crisis while those of working age have seen very little increase in their income or wealth.

Published 5 months ago

Chinese App Developers File Antitrust Complaint Against Apple

Chinese App Developers File Antitrust Complaint Against Apple

A group of 28 Chinese app developers filed a complaint against Apple, accusing the company of engaging in monopolistic behavior by removing apps from the App Store without detailed explanation and charging excessive fees for in-app purchases.

Published 5 months ago

Wanda Sells Hotel, Theme-Park Management Business to Hong Kong Unit

Wanda Sells Hotel, Theme-Park Management Business to Hong Kong Unit

Dalian Wanda Group is transforming its publicly listed Wanda Hotel Development unit in Hong Kong into a business that manages hotels and theme parks in a deal valued at more than $1 billion.

Published 5 months ago

Investors Question Oil Output in Permian Basin, America’s Fastest-Growing Field

Investors Question Oil Output in Permian Basin, America’s Fastest-Growing Field

Investors helped turn West Texas’ Permian Basin into America’s fastest-growing oil field, but their confidence is cracking over whether drillers can keep production rising.

Published 5 months ago

Canadian Private-Equity Giant Catalyst Accused of Fraud by Whistleblowers

Canadian Private-Equity Giant Catalyst Accused of Fraud by Whistleblowers

Authorities are looking into complaints from whistleblowers who say Catalyst Capital Group and its publicly traded lending arm artificially inflated the value of some of its assets and deceived borrowers about the terms of loans.

Published 5 months ago