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At Miami, College Football’s Swaggering Giant Awakens

At Miami, College Football’s Swaggering Giant Awakens

“The U” for decades attracted celebrity fans and a stream of brash, ultra-talented players. Saturday’s game against Notre Dame is a test of whether the program is back

Published 7 months ago

Stocks Fall, Threatening the Dow’s Eight-Week Winning Streak

Stocks Fall, Threatening the Dow’s Eight-Week Winning Streak

U.S. stocks remained under pressure, on track for their first week of declines since September. The Dow industrials slipped 0.2%.

Published 7 months ago

The Workplace After Harvey Weinstein: Harassment Scandals Prompt Rapid Changes

The Workplace After Harvey Weinstein: Harassment Scandals Prompt Rapid Changes

Sexual-misconduct claims in Hollywood and beyond, amplified by social media, have abruptly altered the corporate climate, prompting firms to scrutinize how employees work together

Published 7 months ago

How a West Coast Trading Network Spawned a New York Pension Fund Scandal

How a West Coast Trading Network Spawned a New York Pension Fund Scandal

The connections Navnoor Kang established with brokers during his years on the West Coast with investment firms Guggenheim Partners and Pacific Investment Management Co. would play a critical role in what prosecutors allege was the biggest public pension fund scandal of the past decade.

Published 7 months ago

The Rot That Lies Beneath Some Index Funds

The Rot That Lies Beneath Some Index Funds

Beware index funds that try to mirror the market using exotic strategies. Tax costs can be damaging.

Published 7 months ago

Traffic Is Piling Up—and So Are Its Costs

Traffic Is Piling Up—and So Are Its Costs

One report say that traffic congestion cost each U.S. driver $1,400 on average last year, for a total of nearly $300 billion.

Published 7 months ago

Alleged Drug Kingpin Leads Venezuela’s Debt Restructuring Effort

Alleged Drug Kingpin Leads Venezuela’s Debt Restructuring Effort

Meet the team in charge of the most complex bond restructuring in recent history: a former military officer, a one-time geography professor, two engineers, a minister under sanctions for alleged corruption and an alleged drug kingpin.

Published 7 months ago

GE Dividend In Focus as Investors Await New Strategy

GE Dividend In Focus as Investors Await New Strategy

Investors and analysts are bracing themselves for a broad rethinking of how GE operates, including shedding business units, a dividend cut, and layoffs among GE’s nearly 300,000-person workforce.

Published 7 months ago

Bigger Than Black Friday, Alibaba’s Singles Day Faces Fatigue in China

Bigger Than Black Friday, Alibaba’s Singles Day Faces Fatigue in China

Chinese internet giant Alibaba is working to keep up sales momentum for “Singles Day,” its marquee event, adding new incentives and innovations, as slow deliveries and competing sales festivals keep some customers away.

Published 7 months ago

Uber Loses Appeal Against U.K. Ruling on Drivers’ Rights

Uber Loses Appeal Against U.K. Ruling on Drivers’ Rights

Uber Technologies suffered a setback in British court when an appeals tribunal reaffirmed a decision that the company must give its drivers employee rights like paid vacations.

Published 7 months ago

Mueller Probes Flynn’s Role in Alleged Plan to Deliver Cleric to Turkey

Mueller Probes Flynn’s Role in Alleged Plan to Deliver Cleric to Turkey

Special Counsel Robert Mueller is investigating an alleged plan involving former White House National Security Adviser Mike Flynn to forcibly remove a controversial cleric living in the U.S. and deliver him to Turkey in return for millions of dollars, according to people familiar with the investigation.

Published 7 months ago

What to Do in a Shooting? Americans Stream to Classes to Learn `Run, Hide, Fight’

What to Do in a Shooting? Americans Stream to Classes to Learn `Run, Hide, Fight’

After Texas church shooting and others, practicing how to face down a shooter in libraries, churches, schools and offices; ‘We need to have a plan.’

Published 7 months ago

China to Give Foreigners Greater Access to Its Financial Sector

China to Give Foreigners Greater Access to Its Financial Sector

China is moving to allow foreign companies to hold 51% of domestic-securities, fund-management and futures firms. The previous cap was 49%.

Published 7 months ago

Trump Declares New World-Trade Order

Trump Declares New World-Trade Order

President Donald Trump delivered a full-throated assertion of economic nationalism, telling a Pacific Rim summit on Friday that the U.S. would defend its commercial rights and wouldn’t enter into multilateral trade agreements that “tie our hands.”

Published 7 months ago

In Growing Saudi Business, McKinsey Hired Officials’ Children

In Growing Saudi Business, McKinsey Hired Officials’ Children

As McKinsey & Co. has advised Saudi Arabia’s government on an ambitious economic transformation, it has also hired at least eight relatives of high-ranking Saudi officials.

Published 7 months ago