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Monday, July 23, 2018
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Another View: Suing Las Vegas Victims Got Headlines. Outcome Could Be Big News, Too. 23 Jul 9:11pm Another View: Suing Las Vegas Victims Got Headlines. Outcome Could Be Big News, Too.
MGM Resorts’s maneuver sets up the first legal test of an antiterrorism law that is meant to protect companies that develop innovative security products.
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Tesla, Pushing for Profit, Faces New Questions Over Finances 23 Jul 7:16pm Updated Tesla, Pushing for Profit, Faces New Questions Over Finances
The automaker wants to reopen pricing agreements with some suppliers for work already underway. It called the practice routine, but its shares fell.
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23 Jul 7:15pm Updated 4 Themes to Follow as Corporate America Reports a Surge in Profits
A growing trade conflict and rising interest rates, wages, commodity prices and other costs that are clouding the economic outlook.
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Nike Will Raise Wages for Thousands After Outcry Over Inequality 23 Jul 6:55pm Nike Will Raise Wages for Thousands After Outcry Over Inequality
The company’s pay changes are its latest move to fix a corporate culture that women said was rife with harassment and discrimination.
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Papa John’s Adopts ‘Poison Pill’ Defense Against John Schnatter 23 Jul 5:22pm Updated Papa John’s Adopts ‘Poison Pill’ Defense Against John Schnatter
After Mr. Schnatter calls his resignation as chairman “a mistake,” the pizza chain he founded moves to defend itself against any hostile takeover attempts.
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23 Jul 4:36pm S&P 500 Index Rises as Climbing Yields Boost Financial Sector Stocks
The benchmark U.S. S&P 500 index and the Nasdaq index rose on Monday as a jump in 10-year bond yields boosted financial sector stocks and investors anticipated continued strength in corporate earnings and U.S. economic growth.
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Fiat Chrysler C.E.O. Marchionne Is Replaced After Falling Gravely Ill 23 Jul 4:32pm Updated Fiat Chrysler C.E.O. Marchionne Is Replaced After Falling Gravely Ill
Sergio Marchionne, who masterminded Fiat’s acquisition of Chrysler, is leaving for health reasons. His replacement is Mike Manley, head of the Jeep and Ram truck brands.
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23 Jul 4:12pm S&P 500 Closes Higher With Boost From Financial Stocks
The S&P 500 rose on Monday as a jump in 10-year bond yields boosted financials and investors anticipated continued strength in corporate earnings and U.S. economic growth.
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U.S. Breaks Up Fake I.R.S. Phone Scam Operation 23 Jul 3:41pm Updated U.S. Breaks Up Fake I.R.S. Phone Scam Operation
The Justice Department said sentences of up to 20 years in prison should discourage future fraud. Callers posed as tax or immigration officials.
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23 Jul 3:39pm Wall Street Rises as Climbing Yields Boost Financials
Wall Street stocks largely rose on Monday as a jump in 10-year bond yields boosted financials and as news of upcoming international trade talks offset the negative impact of the strengthening U.S. dollar on corporate earnings forecasts.
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How a Small Bank Became a Go-To Lender to the Trump Family 23 Jul 3:34pm Updated How a Small Bank Became a Go-To Lender to the Trump Family
Signature Bank’s close ties to the Trump and Kushner families have led to government scrutiny. New York regulators have opened an investigation.
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Tariffs Trim a Factory’s Profit, but Loyalty to Trump Endures 23 Jul 2:25pm Updated Tariffs Trim a Factory’s Profit, but Loyalty to Trump Endures
An Ohio plant owner and his blue-collar workers alike voice support for President Trump’s tactics in the trade fight, even if it means sacrifice.
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Leon Cooperman, the Hedge Fund Billionaire, Says It’s Time to ‘Fold ’Em’ 23 Jul 2:19pm Leon Cooperman, the Hedge Fund Billionaire, Says It’s Time to ‘Fold ’Em’
Mr. Cooperman, 75, plans to return money to outside investors and convert his firm, Omega Advisors, to a family office by year’s end.
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23 Jul 1:33pm Wall Street Rises as Financials Gain, Tech Rebounds
U.S. stocks rose on Monday as a jump in 10-year bond yields to a month's high boosted financials and technology stocks rebounded, with investors waiting for earnings from marquee corporations to assess the impact of an escalating U.S.-China trade row.
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23 Jul 12:12pm Wall Street Flat as Financials Offset Drag From Amazon, Industrials
U.S. stock indexes treaded water on Monday, as gains in financials were offset by losses in Amazon and industrials, as investors waited for earnings reports from marquee corporations to assess the impact of an escalating U.S.-China trade conflict.
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Tronc Cuts Daily News Newsroom in Half and Ousts Editor in Chief 23 Jul 10:51am Tronc Cuts Daily News Newsroom in Half and Ousts Editor in Chief
The Chicago-based media company bought the New York tabloid less than a year ago. On Monday, it announced major newsroom cutbacks.
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Tronc Cuts Daily News Newsroom in Half; Ousts Editor in Chief 23 Jul 10:51am Tronc Cuts Daily News Newsroom in Half; Ousts Editor in Chief
The Chicago-based media company purchased the New York tabloid less than a year ago. On Monday, it announced major newsroom cutbacks.
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23 Jul 10:42am Wall Street Lower as Amazon, Technology Stocks Drag
U.S. stock indexes dipped on Monday, led by losses in shares of Amazon and technology companies, as investors awaited quarterly reports from a host of marquee names to gauge the impact of an escalating trade conflict between the United States and China.
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 The New Old Age: Medicare Advantage Is About to Change. Here’s What You Should Know. 23 Jul 10:42am The New Old Age: Medicare Advantage Is About to Change. Here’s What You Should Know.
Medicare Advantage plans will be allowed to cover adult day care, home modifications and other new benefits. But they may not be available to all enrollees every year.
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Portugal Dared to Cast Aside Austerity. It’s Having a Major Revival. 23 Jul 10:30am Updated Portugal Dared to Cast Aside Austerity. It’s Having a Major Revival.
At a time of mounting uncertainty in Europe, the country has defied critics who insisted on austerity as the answer to the Continent’s economic and financial crisis.
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DealBook Briefing: Europe’s Big Trip to Fix Trade 23 Jul 7:18am DealBook Briefing: Europe’s Big Trip to Fix Trade
The Group of 20 meeting in Buenos Aires didn’t solve the tariff war. The president of the European Commission hopes that a visit to Washington can.
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Fiat Chrysler Loses Its Driving Force as a Bumpy Road Lies Ahead 23 Jul 4:29am Updated Fiat Chrysler Loses Its Driving Force as a Bumpy Road Lies Ahead
The carmaker already faced difficulties, including a reliance on the Jeep and Ram divisions and a limited presence in China, before it was forced to replace its chief executive, Sergio Marchionne.
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