Business

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Eton Park Hedge Fund to Shut Down

Eric Mindich is shutting down his Eton Park Capital Management hedge fund.<p>Mr. Mindich, a former Goldman Sachs executive, sent a letter to investors in the firm on Thursday saying that he would be returning capital after deciding to close operations. A copy of the letter was reviewed by The New York …

Wall Street

US Senate votes to let internet providers share your web browsing history without permission

Just what no consumer asked for<p>The US Senate has voted to overturn consumer-friendly internet privacy rules that would have prevented internet providers from sharing your web browsing history without permission.<p>The privacy rules, passed last year by the FCC, required internet providers like …

Net Neutrality

Disney CEO Bob Iger extends his contract one year as board seeks a successor

Walt Disney Co. Chairman and Chief Executive Robert Iger has extended his contract by one year as the company’s board of directors continues to search for his replacement.<p>Disney announced the extension Thursday morning.<p>Disney has been transformed by three multibillion-dollar acquisitions …

The Arts

Why Ford Is Expecting Lower First Quarter Earnings

Ford Motor Co. said on Thursday it expects lower earnings per share in the first quarter and lower pretax profit in 2017 due to higher spending on …

Markets

Virgin America will be the latest airline brand to disappear

AP Radio AP Radio News:<p>Latest News<p>DALLAS (AP) -- After months of teasing, Alaska Airlines has bad news for loyal customers of Virgin America - their airline's name is being dumped.<p>Alaska announced late Wednesday that it will retire the Virgin brand, probably in 2019, adding that name to a list …

Airlines

State Department to approve Keystone pipeline permit

The Trump administration will approve the Keystone XL oil pipeline by Monday, reversing one of former President Barack Obama’s most politically charged environmental decisions, according to two sources with knowledge of the plan.<p>The move by the State Department comes 16 months after Obama blocked …

Pipelines

Coffee wars! Wall Street runs on Dunkin', not Starbucks

<b>New York (CNN) —</b> Black, or with milk? Sugar, or no sweetener? People love their morning coffee, and they are very specific about it. And it appears that more java addicts are starting to buy it at Dunkin' Donuts instead of Starbucks lately.<p>Shares of Dunkin' parent company Dunkin' Brands (the …

Wall Street

Trump and automakers have criticized Obama’s fuel standards as expensive job killers. A new study disagrees.

Federal fuel economy standards may be easier and less expensive to comply with than previously projected, according to a new study. The finding could undermine <b></b>the argument by automakers and the Trump administration that the increased costs of meeting the fuel standards would lead to prohibitively …

21st Century

Canada’s housing market looks eerily similar to the US before the crash

Borrowers buying homes with bigger and bigger mortgages. Specialist lenders taking business from banks by offering more aggressive loan terms. Analysts claiming there is nothing to worry about.<p>Sound familiar?<p>The real estate market in Canada is starting to share some similarities with the US before …

Real Estate

Under Armour is about to release its most expensive shoe ever, but there's still a gaping hole in the brand's lineup

Under Armour is about to release its most expensive sneaker yet.<p>The ArchiTech Futurist is a running shoe incorporating the company's technological advances thus far, "weaving together Under Armour's past, present, and future of changing the way athletes dress."<p>One of those innovations is the …

Nike

Banks and Tech Firms Battle Over Something Akin to Gold: Your Data

SAN FRANCISCO — The big banks and Silicon Valley are waging an escalating battle over your personal financial data, including the amount you spent on dinner last week and how much you are paying for your mortgage.<p>Technology start-ups like Mint and Betterment have been building services that pull …

Banking

Americans Agree on Paid Leave, but Not on Who Should Pay

Most people say workers should get paid leave to take care of a baby, a sick family member or themselves, according to two new surveys. But they disagree on the details: who should pay, and whether it should be mandatory or optional.<p>The idea of a federal paid leave policy brings up issues that …

Employment Law

Mickey vs. the tax man: Disney, Universal fight tax bills

ORLANDO, Fla. (AP) — It takes a lot of land to accommodate Cinderella's castle, The Wizarding World of Harry Potter and Epcot's 11-country World Showcase — and a hefty purse to pay the property taxes on it.<p>To cut tax bills in the tens of millions of dollars, the specialists at Orlando's famous …

Florida

Tata Consultancy says plans to step up local hiring in U.S.

BOAO, China (Reuters) - India's top software services exporter Tata Consultancy Services will step up local hiring in the United States and has no plans to cut investments there as it continues to expect robust growth from its biggest overseas market.<p>"In the last four or five years, we have been …

China

Canada Wants to End This Advantage for Uber

he new national budget unveiled Wednesday by Canadian Prime Minister Justin Trudeau's Liberal government took aim at ride-sharing providers such as …

Uber

Credit Suisse Said Weighing Share Sale Over Swiss IPO

Credit Suisse Group AG is reportedly considering selling shares valued at more than $3 billion dollars instead of going through with a planned IPO of …

Sears has a bigger problem than plunging sales — but nobody's talking about it

Sears has a bigger problem than plunging sales: dwindling inventory.<p>Companies that supply Sears with the TVs, toys, and clothing for sale in its stores are growing increasingly concerned about the retailer's ability to pay its bills, and some are cutting back on shipments to stores as a result.<p>That …

Sears

Online Styling Service Stitch Fix Reportedly Eyeing IPO

Online styling company Stitch Fix is considering an initial public offering, <i>Bloomberg</i> reports. The startup’s executives have reportedly met with …

Markets

J&J latest to suspend ads from YouTube over offensive videos

(Reuters) - U.S. healthcare conglomerate Johnson & Johnson (JNJ.N) became the latest company to suspend all digital advertising on Google's YouTube, over concerns that its ads may have appeared on channels that broadcast offensive videos.<p>Wireless carriers Verizon (VZ.N) and AT&T (T.N) said on …

Ford sees lower first-quarter profit as spending climbs, sales volume drops

Ford Motor Co said on Thursday it expects lower earnings per share in the first quarter and lower pretax profit in 2017 due to higher spending on commodities, warranties and investments and a drop in sales volumes especially fleet sales.<p>Ford shares fell more than 1 per cent to $11.65 in early …

Markets

Starbucks to Create 240,000 Jobs by 2021

Starbucks is ramping up its hiring efforts, announcing plans Wednesday to create more than 240,000 jobs globally by 2021.<p>In the U.S. alone, the company is slated to add 68,000 jobs as it moves toward opening 3,400 new stores by that year. Partially included in that number are other programs the …

Starbucks

iHeartRadio Hits 100 Million Users

iHeartRadio, America’s largest radio conglomerate and one of the biggest players in the streaming music game, has just announced that it has reached the incredible milestone of 100 million registered users.<p>100 million registered users is certainly an impressive statistic, but it’s worth focusing on …

Music Industry

Britain’s Biggest Supermarket Is Pulling Heineken Off the Shelves Because of Brexit

Brits will no longer be able to buy Heineken beers — including Amstel, Sol and Kingfisher — at Tesco anymore.<p>Tesco, which is the largest supermarket …

Markets

Ireland warns against post-Brexit 'race to bottom' for banks

LONDON (Reuters) - Financial firms must not base a decision to move from London after Brexit on expectations of being less heavily regulated, a senior Irish regulator said on Thursday.<p>Sharon Donnery, deputy governor for central banking at the Central Bank of Ireland, said her country was receiving …

Banking

Bitcoin spikes above $1,000

Bitcoin is trading up 1.2% at $1,049 a coin as of 7:37 a.m. ET after aggressive selling on Wednesday slammed the cryptocurrency below the $1,000 level for just the second time since the beginning of Febraury.<p>Traders continue to grapple with the possibility that developers could set up a "hard …

Wall Street

UK consumers spend more in Feb but underlying trend is down

LONDON (AP) — Official figures show retail sales in Britain bounced back strongly in February but that the underlying picture remains gloomy as the country prepares to start two years of discussions to leave the European Union.<p>The Office for National Statistics said Thursday that retail sales rose …

Finance

Diamond group De Beers buys out retail partner LVMH

Anglo American's (AAL.L) diamond specialist De Beers has bought the 50 percent stake held by French luxury goods group LVMH (LVMH.PA) in De Beers Diamond Jewellers for an undisclosed sum, taking full ownership of the retail operation.<p>Analysts said the joint venture no longer fitted LVMH's strategy, …

Jewelry

Accenture's net revenue rises 4.7 percent

(Reuters) - Consulting and outsourcing services provider Accenture Plc reported a 4.7 percent increase in quarterly net revenue, helped by strong demand for its digital and cloud services.<p>Net income attributable to Accenture fell to $838.8 million or $1.33 per share in the second quarter ended Feb. …

Accenture

Canada joins China-backed Asian Infrastructure Bank

The Asian Infrastructure Investment Bank has made Canada a prospective member, welcoming Ottawa into an institution that marks one of China’s leading efforts to take a place of global leadership.<p>Joining the bank will give Canada a voice at the table of a major new multi-national organization, …

China

Alaska Airlines is killing off the Virgin America brand

<b>New York (CNN) —</b> It was all but inevitable that the Virgin America brand wouldn't survive its merger with Alaska Airlines.<p>Sure enough, the parent company announced Wednesday that all Virgin America flights will fly under one brand with Alaska Airlines, likely sometime in 2019.<p>But don't despair, …

Airlines

Polish unemployment rate 8.5% vs. 8.6% forecast

SCOTTRADE ACCOUNT IT'S TIME. It's time for an easier way to invest. Open a Scottrade Account<p>Economic Indicators1 hour ago (Mar 23, 2017 05:00AM …

Unemployment

The 10 things in advertising you need to know today

Good morning. Here's everything you need to know in the world of advertising today.<p><b>1. Facebook partnered with ad tech companies to take on Google.</b> The social networking company is opening up its audience network through partnerships with Amazon, AppNexus, Index Exchange, Media.net, Sonobi, and …

Advertising

EU trade chief on CETA: ‘We’re building bridges, not walls’

Canada’s trade deal with the European Union is set to take effect within a matter of weeks, establishing a new free-trade zone at a time when protectionist forces gain strength.<p>“We’re building bridges, not walls,” EU Trade Commissioner Cecilia Malmstrom said at a talk in Toronto this week.<p>Once …

Canada

Republican health bill would widen America's big wealth gap

WASHINGTON (AP) — House Republicans' health care bill provides massive tax cuts to the wealthy while increasing taxes for many lower income families, adding to America's big income gap between the rich and everyone else.<p>Over the past quarter century, only one group of people has seen significant …

Equality

Royal Jordanian rhymes about laptop ban to cheer customers

AMMAN, Jordan (AP) — Jordan's national airline has taken up rhyming to cheer up customers following the new U.S. aviation restrictions — and entice them to book flights before more rules are imposed.<p>Royal Jordanian posted a five-line poem on its Twitter account, telling potential travelers: "Every …

Airlines

European shares fall, Asia gains as US healthcare vote looms

TOKYO (AP) — Global shares were mixed Thursday, as European benchmarks edged lower after a day of gains in Asia. Investors are awaiting a vote in the U.S. Congress on health care legislation that is seen as a bellwether President Donald Trump's ability to deliver on campaign promises of tax and …

Finance

ECB says survey data point to robust first quarter euro zone growth

FRANKFURT (Reuters) - The economic recovery in the euro zone is steadily firming and survey results point to robust growth in the first quarter, despite ample global uncertainty, the European Central Bank said in a regular economic bulletin on Thursday.<p>"Incoming data, notably survey results, have …

Economics