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PwC chairman rejects calls to break up Big Four

PwC chairman rejects calls to break up Big Four

Bob Moritz says move would not ‘solve the problem of audit quality’

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China’s data privacy outcry fuels case for tighter rules

China’s data privacy outcry fuels case for tighter rules

Anger at breaches has helped Beijing step up regulation of tech titans

Published 1 second ago

Iran sentences three businessmen to death for corruption

Iran sentences three businessmen to death for corruption

Move to calm public anger as US sanctions bite

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Elon Musk Stirs Controversy on Twitter in Wake of SEC Settlement

Elon Musk Stirs Controversy on Twitter in Wake of SEC Settlement

Elon Musk is already generating controversy on Twitter two days after settling a fraud case by securities regulators who are requiring Tesla to put in place a system to monitor his public communication.

Published 2 weeks ago

Renault chief says governments have ‘condemned’ diesel

Renault chief says governments have ‘condemned’ diesel

Carlos Ghosn says buyers are afraid of being ‘trapped’ with cars they cannot sell

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US rate rises compound trade pressure on China

US rate rises compound trade pressure on China

Narrowing rates spread and declining current account surplus fuel capital flight fears

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North American Trade Pact Soothes Investors, Businesses

North American Trade Pact Soothes Investors, Businesses

Investors greeted the completion of a new North American trade pact with relief Monday, lifting most indexes, as the Trump administration turned its focus on getting the deal through a divided Congress and toward even larger economic feuds with China.

Published 2 weeks ago

What’s in the New Nafta

What’s in the New Nafta

How the proposed trade deal would affect key industries

Published 2 weeks ago

GOP Leaders Pledge to Give FBI Latitude in Kavanaugh Probe

GOP Leaders Pledge to Give FBI Latitude in Kavanaugh Probe

President Trump said the FBI probe into allegations against Supreme Court nominee Judge Kavanaugh should be ‘”comprehensive”—and done quickly.

Published 2 weeks ago

IPO Market Has Never Been This Forgiving to Money-Losing Firms

IPO Market Has Never Been This Forgiving to Money-Losing Firms

Stock investors are welcoming money-losing companies into the public markets with open arms: A record 80% of U.S.-listed IPOs this year were money-losing leading up to their debut.

Published 2 weeks ago

GE Ousts CEO John Flannery in Surprise Move After Missed Targets

GE Ousts CEO John Flannery in Surprise Move After Missed Targets

General Electric ousted CEO John Flannery after about a year in the job, a surprise move as the conglomerate revealed that deeper problems in its troubled power unit would cause it to miss targets for the year.

Published 2 weeks ago

Elon Musk’s SEC Deal Seen as Diminishing Threat of Criminal Probe

Elon Musk’s SEC Deal Seen as Diminishing Threat of Criminal Probe

Elon Musk’s decision to pay $20 million to end a civil investigation into his tweets about taking Tesla private reduces the chance that prosecutors will go after him, according to former prosecutors and other criminal-law experts.

Published 2 weeks ago

IPO Market Has Never Been This Forgiving to Money-Losing Firms

IPO Market Has Never Been This Forgiving to Money-Losing Firms

Stock investors are welcoming money-losing companies into the public markets with open arms: A record 80% of U.S.-listed IPOs this year were money-losing leading up to their debut.

Published 2 weeks ago

Pfizer CEO Read to Step Aside at Year’s End

Pfizer CEO Read to Step Aside at Year’s End

Ian Read plans to step aside as Pfizer’s chief executive after eight years helming one of the world’s biggest drugmakers.

Published 2 weeks ago

‘We Just Ran’: Scale of Tsunami Horror Emerges in Indonesia

‘We Just Ran’: Scale of Tsunami Horror Emerges in Indonesia

Survivors described the panic and devastation of the earthquake and tsunami that hit Sulawesi, Indonesia, as rescue workers raced to find survivors and pull them from the rubble.

Published 2 weeks ago