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Hasbro reports surprise sales drop in fourth quarter
Economy
Published in 13-2-2018
    828 Visits
NEW YORK - Toymaker Hasbro saw a surprise sales drop for the critical fourth quarter as it struggled with lagging sales of "Star Wars" toys and the woes of Toys R Us. That comes after results last week from Mattel, which posted an unexpected loss and disappointing sales for the quarter that includes the holiday season. Hasbro's results, announced Wednesday, underscore the challenges toymakers ...>>
Reference: www.chron.com
Wynn case raises questions about responsibility to investors
Economy
Published in 13-2-2018
    123 Visits
NEW YORK - The scandal that forced the resignation of Steve Wynn as chairman and CEO of the casino and resorts company bearing his name is raising questions about the obligation of corporations to disclose sexual misconduct allegations to their investors - an issue complicated by a web of workplace and legal practices that companies have used to keep such situations under wraps. The billionaire ca ...>>
Reference: www.chron.com
Kushner company moves lawsuit venue to keep partners secret
Economy
Published in 13-2-2018
    96 Visits
NEW YORK - The family real estate company once run by presidential adviser Jared Kushner is shifting a federal court case to a new venue so it won't have to reveal the identities of foreign partners behind some of its real estate projects. With a deadline approaching within hours, the Kushner Cos. filed papers in federal court Friday to move the case involving Maryland apartment complexes it ...>>
Reference: www.chron.com
Even 'safe' bond investments falter as markets tumble
Economy
Published in 13-2-2018
    27 Visits
NEW YORK - The stock market isn't the only thing dropping. Bonds, which are supposed to be the safe part of every investor's portfolio, have faltered, too. In what's been a rude awakening for some investors, bond funds have lost ground these past couple of weeks, unlike in past downturns for stocks. What's different this time is that the same things undercutting stocks are hurt ...>>
Reference: www.chron.com
Beleaguered gun maker Remington seeks path to bankruptcy court
Economy
Published in 13-2-2018
    932 Visits
MADISON, N.C. - Remington, the gun maker beset by falling sales and lawsuits tied to the Sandy Hook Elementary School massacre, has reached a financing deal that would allow it to continue operating as it seeks Chapter 11 bankruptcy protection. The maker of the Bushmaster AR-15-style rifle used in the Connecticut shooting that left 20 first-graders and six educators dead in 2012, said Monday that ...>>
Reference: www.chron.com
Right-to-work holdouts face new efforts to change labor laws
Economy
Published in 6-2-2018
    951 Visits
TOLEDO, Ohio - Hemmed in by a growing number of states that block mandatory union fees in workplaces, holdout states in the Midwest are facing renewed attempts to enact so-called right-to-work laws. Missouri's new law will go to a statewide referendum in November, while a pair of Republican lawmakers in Ohio announced last month they want to put the issue before voters in two years. With many ...>>
Reference: www.chron.com
Subprime auto defaults infect some bond pools, yet sales boom
Economy
Published in 6-2-2018
    564 Visits
A boom in sales, a pickup in defaults, and risk premiums keep on dropping. It's all happening in the market for subprime auto bonds, where loans to American consumers with some of the patchiest credit histories are packaged into securities to be sold to big investors. A decade after risky mortgage lending toppled the U.S. financial system, the securities have rarely been so popular. But the c ...>>
Reference: www.chron.com
Tax bill beginning to deliver bigger paychecks to workers
Economy
Published in 6-2-2018
    280 Visits
The contentious tax overhaul is beginning to deliver a change that many will welcome - bigger paychecks. Workers are starting to see more take-home pay as employers implement the new withholding guidelines from the IRS, which dictate how much employers withhold from pay for federal taxes. Those whose checks have remained the same shouldn't fret - employers have until Feb. 15 to make the chang ...>>
Reference: www.chron.com
Another round: American whiskey makers toast strong sales
Economy
Published in 6-2-2018
    221 Visits
LOUISVILLE, Ky. - American whiskey makers toasted another round of robust sales in 2017, stirred increasingly by consumers' thirst for the priciest spirits - mixed in cocktails or sipped straight up. Demand grew in the U.S. and overseas as the distilled spirits industry gained market share in the crowded domestic adult beverage sector, the Distilled Spirits Council said. Combined U.S. revenue ...>>
Reference: www.chron.com
Democrats lash out at consumer watchdog over Equifax case
Economy
Published in 6-2-2018
    870 Visits
Democratic lawmakers lashed out at the Consumer Financial Protection Bureau on Monday amid a report that the agency was backing off an investigation into a massive data breach at Equifax last year that exposed sensitive data about millions of people. Reuters news agency, citing former officials familiar with the probe, reported that the CFPB has not taken routine steps to move forward with an inve ...>>
Reference: www.chron.com
Potholes ahead for Trump's upcoming public works proposal
Economy
Published in 30-1-2018
    44 Visits
WASHINGTON - The Trump administration will soon release its long-anticipated public works plan, trying to fulfill a campaign pledge but set to fall short of some ambitious goals. As a candidate, Donald Trump promised to generate at least $1 trillion in infrastructure spending. As president, he is relying on state and local governments to pony up a significant share of the total. Trump told mayors ...>>
Reference: www.chron.com
Bad news far from over for GE
Economy
Published in 30-1-2018
    569 Visits

General Electric Co.'s announcement that it's under investigation by the SEC isn't that surprising in the context of its rapid downward spiral. But it's an important reminder that the bad news is far from over. The company disclosed this week that the regulator is looking into how it wound up having to pay $15 billion over seven years to shore up reserves for a legacy insura ...>>

Reference: www.chron.com
Trump's infrastructure plan comes with a huge pothole
Economy
Published in 30-1-2018
    767 Visits
WASHINGTON - When President Donald Trump unveils his plan to beef up the nation's infrastructure plan next month, it will include a crater-sized hole. The trust fund that pays for most federal highway and transit aid is forecast to go broke in about three years unless the government significantly scales back its transportation spending or comes up with more money. But Trump's infrastruct ...>>
Reference: www.chron.com
Chenault dealt with crises, competition as head of American Express
Economy
Published in 30-1-2018
    972 Visits
NEW YORK - Kenneth Chenault, wearing no sport coat and no tie, with a large cup of tea in front of him, fits an image of a man ready for retirement. Chenault is days away from stepping down as the chief executive officer and chairman of American Express, the credit card giant and one of the most iconic brands in the country. He will have run American Express for 17 years, guiding the company throu ...>>
Reference: www.chron.com
Nazi past followed Ikea founder to his death
Economy
Published in 30-1-2018
    778 Visits
In 1943, Ingvar Kamprad was a 17-year-old budding entrepreneur selling udder balm, picture frames and other small-town wares from his home in rural Sweden. That year, he founded a mail-order company called Ikea, initials taken after his name and that of his family's farm. His first employee was his close friend Otto Ullmann, an Austrian Jew about his age whose parents had sent him to Sweden t ...>>
Reference: www.chron.com


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