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Category : Business (Archive for 2017-07-11) News by Google
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CNBC
Retail stocks plunge as Abercrombie deal scrapped, renewing fears about the apparel sector
CNBC
A shift toward so-called fast fashion and declining foot traffic at malls have left Abercrombie & Fitch struggling in the teen apparel sector. Aeropostale, Wet Seal and BCBG Max Azria are just a few names in the competitive space that have filed for ...

New York Times
US Agency Moves to Allow Class-Action Lawsuits Against Financial Firms
New York Times
Richard Cordray, director of the Consumer Financial Protection Bureau, during a Senate hearing last year. Credit Alex Wong/Getty Images. The nation's consumer watchdog adopted a rule on Monday that would pry open the courtroom doors for millions of ...

Fortune
Snapchat IPO Investors Have Now All Lost Money on Snap Stock
Fortune
Snap stock has fallen below its IPO price of $17 for the first time, roughly four months after the maker of Snapchat went public in March. After briefly touching the $17 threshold in mid-June, Snap's stock price fell to an all-time low of $16.99 at ...

Washington Post
Lawmakers announce plan to extend California cap and trade
Washington Post
SACRAMENTO, Calif. — Gov. Jerry Brown and legislative leaders released a plan Monday to extend through 2030 California's cap-and-trade program, a key piece of the state's quest to fight climate change by drastically reducing emissions from greenhouse ...

Washington Post
Seattle approves new income tax for wealthy residents
Washington Post
SEATTLE — Seattle's wealthiest would become the only Washington state residents to pay an income tax under legislation approved by the City Council, a measure designed as much to raise revenue as to open a broader discussion about whether the ...

Business Insider
I'm signed up for the Tesla Model 3—here's why I have no intention of buying it
Business Insider
On the eve of the launch of Tesla Motors' make-it-or-break-it vehicle, the Model 3, Goldman Sachs says demand for Teslas has peaked. Quite frankly, I was wondering how long it would take until this happened. I should know: I'm signed up for the Tesla ...

Washington Post
Trump taps Randal Quarles for Federal Reserve board
Washington Post
WASHINGTON — Randal Quarles, who served in top Treasury Department positions under two Republican presidents, has been nominated by President Donald Trump to take a key position on the Federal Reserve board in charge of overseeing the banking ...

Business Insider
Amazon up ahead of Prime Day, new service hits Best Buy
Business Insider
NEW YORK (Reuters) - Amazon.com shares rose on Monday ahead of the world's largest online retailer's own version of Black Friday, while its new service to help set up 'smart homes' weighed on rival Best Buy Co Inc . Prime Day, a 30-hour sale set to ...

Vanity Fair
Jeff Bezos Just Wiped Another Billion Dollars Off a Rival's Valuation
Vanity Fair
Leave it to Amazon C.E.O. Jeff Bezos to keep finding new and interesting ways to step on his competitors. Last month, the e-commerce giant wreaked havoc on rival grocery stores when it announced a $13.7 billion acquisition of Whole Foods, immediately ...

Reuters
Elliott proposes $18.5 billion Oncor deal to top Buffett
Reuters
FILE PHOTO - Paul Singer, founder and president of Elliott Management Corporation, speaks at WSJD Live conference in Laguna Beach, California, U.S., October 25, 2016. REUTERS/Mike Blake. By Jessica DiNapoli. Elliott Management Corp, the largest ...

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