Business

Business

US audit overseer under scrutiny as 6 charged in KPMG leak

(c) 2018, Bloomberg. The U.S. regulator overseeing auditors was rocked by criminal charges as federal prosecutors accused three former employees of leaking inside information to KPMG so it could improve its audit results. The allegations are a major embarrassment for the Public Company Accounting...


Business

Vanguard, low-cost king, has some advice for advisers on price

(c) 2018, Bloomberg. Tim Buckley, the new chief executive of Vanguard Group, has some advice for financial advisers: Embrace the low costs that are coming for you. He should know. Vanguard has grown into the world’s second-largest money manager on the back of its low-fee strategy and is now...


Business

Icahn, Deason urge Xerox to oust CEO, explore alternatives

(c) 2018, Bloomberg. Carl Icahn is teaming up with fellow Xerox Corp. investor Darwin Deason to urge the company to explore strategic alternatives and shake up its joint venture with Fujifilm Holdings Corp. The pair -- Xerox’s first and third largest shareholders respectively -- collectively own...


Business

GE profit forecast seen at risk from power, finance problems

(c) 2018, Bloomberg. General Electric Co. likely will cut its 2018 profit outlook this week as the manufacturer struggles to get a handle on deep problems across its industrial and finance operations, according to a new report. An unexpectedly large insurance-related charge disclosed last week and...


Business

End to government shutdown in sight as Dems halt filibuster

APTOPIX Budget Battle-5

WASHINGTON (AP) — Congress sped toward reopening the government Monday, as Senate Democrats dropped their objections to a temporary funding bill in return for assurances from Republicans leaders that they will soon take up immigration and other contentious issues. Senate Republican leader...


Business

GE profit forecast seen at risk from power, finance problems

(c) 2018, Bloomberg. 22 January 2018 (Bloomberg) -- General Electric Co. likely will cut its 2018 profit outlook this week as the manufacturer struggles to get a handle on deep problems across its industrial and finance operations, according to a new report. An unexpectedly large insurance-related...


Business

Health-care deals fire up as drug giants face price pressure

(c) 2018, Bloomberg. The new year’s health-care deals began to snowball as Sanofi and Celgene Corp. scooped up assets that promise to offset pricing pressure for some of their top-selling drugs. Within hours of each other on Monday morning, the two drugmakers announced deals worth about $20 billion...


Business

Senate votes to advance bill financing government as Democrats relent, signaling end to

WASHINGTON (AP) — Senate votes to advance bill financing government as Democrats relent, signaling end to federal shutdown is near.


Business

Schumer says Democrats will vote to advance plan to reopen the government

WASHINGTON (AP) — Schumer says Democrats will vote to advance plan to reopen the government.


Business

It's jail or the presidency for Lula as key Brazil ruling looms

(c) 2018, Bloomberg. Luiz Inacio Lula da Silva is no longer quite the political dynamo he once was. At 72, he’s a touch grayer, a touch weaker -- after a bout with cancer and the loss of his wife -- and a touch less popular than he was when he swept to a landslide victory back in 2002. But make no...


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