US construction spending fell again in August
In this Thursday, Aug. 25, 2016, photo, workers continue construction on a high-rise condominium project on Biscayne Boulevard, in downtown Miami. On Monday, Oct. 3, 2016, the Commerce Department reports on U.S. construction spending for August. (AP Photo/Alan Diaz) The Associated Press By MARTIN CRUTSINGER, AP Economics Writer WASHINGTON (AP) — U.S. builders trimmed spending on construction projects in August for a second straight month with housing, non-residential and government acti..>> view originalThe hunting and fishing company Bass Pro Shops is buying Cabela's for $5.5 billion
Cabela's. Wikimedia Commons The wilderness-themed store Bass Pro Shops is buying Cabela's for $65.50 per share, or about $5.5 billion. The outdoor-recreation retailers are expected to close the deal in the first half of 2017. Bass Pro Shops is also launching a new credit-card partnership with a banking subsidiary of Capital One. Guggenheim Securities was Cabela's exclusive financial adviser, and JPMorgan was the sole financial adviser to Bass Pro Shops. Goldman ..>> view original"Two Million Felonies": Will the Wells Fargo Scandal Finally Change Wall Street?
William K. Black Jr. speaks with Richard Eskow on "The Zero Hour." Big-bank CEOs have presided over a cornucopia of criminality in recent years. Their misdeeds are so varied and numerous that Wall Street begins to loom in the mind like some Hieronymus Bosch landscape, a scene whose occupants stun the imagination with the scope of their diversity and perversity. And yet these top executives have managed to avoid being held accountable - legally, financially, and even socially - for their actio..>> view originalDrugmakers Point Finger at Middlemen for Rising Drug Prices
Updated Oct. 2, 2016 6:30 p.m. ET As U.S. drug prices rise, drugmakers are playing down their role, instead heaping blame on the middlemen who help determine how medicines are priced. Some of the sharpest criticism has come from drug-industry executives who have been grilled by lawmakers or skewered on social media over sharp price increases on their products. They include the chief of Mylan NV, maker of the lifesaving EpiPen, who says her company is being tarred unfairly for a..>> view originalING plan to cut 7000 jobs, spend on digital draws union ire
By Toby Sterling | AMSTERDAM AMSTERDAM ING Groep's plans to shed 7,000 jobs and invest in its digital platforms to make annual savings of 900 million euros ($1 billion) by 2021, drew swift criticism from unions of the Netherlands' largest financial services company on Monday.The layoffs represent slightly less than 12 percent of ING's 52,000 workforce because nearly 1,000 are expected to come at suppliers rather than the bank itself. But they are the heaviest since 2009, when ING was forced ..>> view originalTrump running out of time as controversies pile up
With 36 days remaining before Election Day, the real estate mogul's campaign is consumed with the fallout from a New York Times story published over the weekend that found Trump reported a $916 million loss in 1995. That loss could mean Trump went 18 years without paying federal income taxes.Those findings -- which Trump's campaign isn't disputing but haven't been independently confirmed by CNN -- would be daunting for any presidential candidate to overcome. But they're especially challenging fo..>> view originalMinnesota's Obamacare exchanges are in an 'emergency situation'
President Barack Obama. Larry Downing/Reuters Another state is seeing its Affordable Care Act — better known as Obamacare — exchanges hit some serious roadblocks. In a release on Friday, Minnesota Commerce Commissioner Mike Rothman, who oversees the exchanges on which Minnesotans not receiving insurance through their employers or government programs can get insured, said premiums will rise as much as 67% for some insurers. According to the release, Rothman said the..>> view originalTear Gassing of Greek Pensioners Adds Pressure on Government
ATHENS, Greece — Greek police fired tear gas and pepper spray at protesting pensioners who challenged a cordon near the office of Prime Minister Alexis Tsipras, whose left-wing government faces mounting pressure over planned austerity measures.More than a thousand people, some of them with canes, took part in Monday's rally. Protesters chanted "Shame on you, shame on you!" with one group of elderly demonstrators trying to tip over a riot police bus, triggering the police response.Protesters ra..>> view originalUS stocks open lower as investors await more Deutsche Bank news
Markets Stream gives you a single place to follow live updates of markets moves and commentary, plus relevant insight from the web and social media. Here’s how it works. (Photo: Getty Images)>> view originalBrexit: where we are now in Britain's decision to leave EU
Britain’s Prime Minister Theresa May waves to part members assembled to hear her speech at the Conservative Party Conference in Birmingham, England, Sunday Oct. 2, 2016. Britain will trigger the formal process for leaving the European Union before April 2017, May said Sunday, putting to rest weeks of speculation on the timing of the move. (Ben Birchall / PA via AP) (Associated Press) By Danica Kirka | AP October 3 at 9:51 AM LONDON — British Prime Minister Theresa May has outlined a broa..>> view original
Saturday, October 8, 2016
US construction spending fell again in August and other top stories.
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