Business

Business

After sexual harassment cases, Fidelity's CEO has moved her office close to fund managers

(c) 2017, The Washington Post. Workplace consultants have a frequent suggestion for CEOs managing the aftermath of sexual harassment allegations: Get involved. Own the messaging. Make sure everyone knows this is a priority at the top, and not just in human resources. For many CEOs, that means...


Business

Financial Markets Glance

Dow Jones Industrials High: 23,605.77 Low: 23,507.61 Close: 23,526.18 Change: —64.65 Other Indexes Standard&Poors 500 Index: 2597.08 —1.95 NYSE Index: 12,390.82 +4.94 Nasdaq Composite Index: 6867.36 +4.88 NYSE Amer Composite: 2600.15 +12.20 Russell 2000 Index: 1516.76 —2.13 Wilshire 5000 TotalMkt:...


Business

Tax loophole led to huge CEO pay packages. Eliminating it isn't likely to rein them in.

(c) 2017, The Washington Post. Twenty-five years ago, Bill Clinton campaigned on an idea for limiting excessive pay for American CEOs: Cap the tax deductibility of top executives’ compensation at $1 million, and companies, not wanting bigger tax bills, might reel in their pay. In his 1993 budget,...


Business

Forest Service weighs changes to protections for sage grouse

Sage Grouse Forest Service

BOISE, Idaho (AP) — The U.S. Forest Service is rethinking protection plans for sage grouse in six Western states after a U.S. court agreed with mining companies and others that the agency illegally created some safeguards in Nevada. The agency announced Tuesday that it’s working with the U.S....


Business

Dollar drops, stocks mixed as minutes tilt dovish

(c) 2017, Bloomberg. The dollar added to losses that reached the steepest level in almost 11 weeks, while U.S. equities were little changed after minutes from the latest Federal Reserve meeting indicated officials expect inflation to remain persistently low even as support for an interest-rate...


Business

Bitcoin drawing some of the world's fastest traders

(c) 2017, Bloomberg. Electronic-trading firms that have already transformed markets from stocks to foreign exchange to futures are diving into bitcoin and other cryptocurrencies. Five of the biggest electronic traders in the world are already trading bitcoin. Jump Trading, Tower Research Capital...


Business

Deere signals tractor market turnaround with sales recovery

(c) 2017, Bloomberg. Agricultural markets can stay depressed longer than farmers can keep their old tractors rolling -- at least that’s if Deere & Co. is any guide. Deere on Wednesday reported its first increase in annual sales in four years, the latest sign that the company is finally climbing out...


Business

Black Friday retail-sales forecasts are always off the mark

(c) 2017, Bloomberg View. It’s that time of year when we all gather to give thanks for our blessings, overindulge in various foodstuffs, and, of course, go shopping. Shopmas is also the time of the year when I call out the National Retail Federation for their bogus retail forecasts; they return the...


Business

Goldman says `Fragile Five' a misnomer as catchphrases can burn

(c) 2017, Bloomberg. Wall Street got it wrong on BRICs and PIGS. Now, some of the world’s largest money managers say the newly minted members of the “Fragile Five” are actually fairly sturdy. Goldman Sachs Asset Management, T. Rowe Price Group and BlackRock Inc. are among investors buying bonds...


Business

Samsung, LG investors unfazed by US trade move on washers

(c) 2017, Bloomberg. Shares of South Korean appliance makers rose as investors shrugged off a recommendation by U.S. trade officials that President Donald Trump impose tariffs on foreign-made washing machines they say are undercutting domestic manufacturers. Commissioners from the U.S....


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