Berlusconi signs deal to sell full AC Milan stake
A view of the AC Milan soccer team headquarters in Milan, Italy, Friday, Aug. 5, 2016. Silvio Berlusconi has signed a deal to sell his full stake in the soccer club AC Milan to Chinese investors, yet another entry into European soccer by cash-rich Chinese firms. Berlusconi’s Fininvest investment arm said Friday that the deal with a Chinese investment group values the club at 740 million euros and requires the investors to spend 350 million euros over three years on improvements. (Antonio Cal..>> view originalGoldman Sachs Slapped With $36.3 Million Fine In Fed Case Over Confidential Information Leak
Goldman Sachs will cash out $36.3 million in fines to settle an allegation that it used illegally leaked materials from the Federal Reserve. The civil settlement was unveiled on Aug. 3 by the Fed, which claims that a Goldman Sachs executive orchestrated a system to get regulatory secrets and make use of them inside the bank. According to the charges, the executive tapped into confidential Fed information between 2012 and September 2014. According to the Fed, Goldman's business directly benefite..>> view originalWhat Donald Trump's candidacy has really meant for his business empire
Armando Garcia holds up a sign in protest of Republican presidential candidate Donald Trump outside the new Trump hotel, in Washington, Thursday, July 9, 2015. (AP Photo/Carolyn Kaster) Early on in the presidential campaign, some pundits argued that Donald Trump’s candidacy was just a fleeting effort that would leave little impact on the race, but could ultimately bring more attention and revenue to the Trump business empire. But more than a year later, both of those ideas may be wrong. Trum..>> view originalJobs impress but Sept. rate hike not done deal
The economy crushed expectations in July, generating 255,000 jobs. It was the second straight month of strong jobs gains and a lot better than the 180,000 expected. Adam Shell for USA TODAY. A Wall Street sign hangs near the New York Stock Exchange.(Photo: 2011 photo by Jin Lee, AP)U.S. Inc. is back in job-creation mode.The sharp rebound in the U.S. job market in June and July has Wall Street buzzing again about a possible interest rate hike by the Federal Reserve at its September meeti..>> view originalAmazon unveils cargo plane as it expands delivery network
Seattle-based Amazon is unveiling its first branded cargo plane, one of 40 jetliners that will make up the e-commerce giant's own air transportation network as it takes more control of its delivery process.The latest push to speed delivery of its products comes as the company ships an increasing number of packages worldwide. Amazon's parcel volume was an estimated 1 billion packages in 2015 — the same number that FedEx delivered three years earlier for hundreds of thousands of customers. Amazon..>> view originalDisrupting the Disruptors: The Merger of Uber China and Didi Chuxing
Trump's economic team has six men named Steve but no women
Republican presidential nominee Donald Trump speaks at a campaign rally on Aug. 1 in Mechanicsburg, Pa. (Dominick Reuter/AFP/Getty Images) Republican presidential nominee Donald Trump announced an economic advisory team on Friday that is heavy on investing and corporate experience but includes no women — and six men named Steve. The 13-member group features several longtime Trump business associates but only one academic economist, Peter Navarro of the University of California at Irvine. He..>> view originalBristol-Myers clobbered—shares drop 17%—after failed drug test
Shares of Bristol-Myers Squibb plunged more than 17 percent in morning trading Friday after its important cancer drug failed to meet targets in a late-stage study. Shares of Bristol-Myers' competitors who have their own versions of the cancer therapy rose on the news. Bristol-Myers' drug Opdivo, which is already approved to treat some types of cancer, before Friday was seen as a treatment that could significantly boost the company's growth. In the study known as CheckMate -026, the ..>> view originalRobust Jobs Report Eases Worry Over Economic Growth
WASHINGTON—The U.S. labor market in July capped off the best two-month stretch of hiring so far this year, a sign of strength for an economy that has been showing mixed growth signals in recent months. Nonfarm payrolls rose by a seasonally adjusted 255,000 last month, the Labor Department said Friday. Wages for private-sector workers matched their strongest annual pace of growth in seven years, more Americans entered the labor force...>> view original
Friday, August 5, 2016
Berlusconi signs deal to sell full AC Milan stake and other top stories.
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