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Daily News

Below please find daily updates pertaining to the latest in financial, business, and tax news:

Wall Street Journal

GE Seeks Power Sales in Iraq, but Report Spotlights Corruption Concerns

Sun, Nov 18, 2018

General Electric is seeking sales for struggling power unit, but faces a dilemma with Iraq, according to a consultant’s report prepared for the company. The nation needs multimillion-dollar gas turbines—and poses corruption problems....

With Facebook at 'War,' Zuckerberg Adopts More Aggressive Style

Mon, Nov 19, 2018

Mark Zuckerberg’s new approach is causing unprecedented turmoil at Facebook, driving out several key executives and creating tensions with Chief Operating Officer Sheryl Sandberg....

Lion Air Crash Probe Eyes Sensor Hazards Stretching Back Years

Sun, Nov 18, 2018

Investigators are examining how Boeing heeded earlier warnings on the potential hazards of flight-control-sensor failures similar to the one implicated in last month’s Lion Air jet crash....

Black Friday Shoppers Beware: Online Shopping Gets More Complicated

Sun, Nov 18, 2018

As Americans gear up for the year-end shopping spree that marks its start with Black Friday, those who order online will have some tough choices to make....

J.Crew CEO Exits After Clash With Mickey Drexler, Company Owners

Sat, Nov 17, 2018

J.Crew Group said CEO James Brett is leaving after about 16 months following disagreements with the company’s longtime leader about strategy and board concerns about his spending plans....

U.S.-China Rift: One Phrase 'Torpedoed' Pacific Accord

Sun, Nov 18, 2018

A summit of world leaders ended in acrimony with the host nation accusing Chinese officials of threatening behavior and differences between the U.S. and China preventing delegates from reaching a consensus....

'I Was Hoping to Be Retired': The Cost of Supporting Parents and Adult Children

Sat, Nov 17, 2018

More Americans find themselves housing two generations simultaneously, just when they thought they could kick back and retire. Instead, they face the strain of added expenses, constant caregiving and derailed dreams. ...

U.S. Household Debt Continues to Climb in 3rd Quarter

Fri, Nov 16, 2018

Household indebtedness continued to climb in the third quarter, with balances continuing to rise for almost all types of borrowing, the Federal Reserve Bank of New York reported....

U.S. Industrial Production Rises

Fri, Nov 16, 2018

U.S. industrial output ticked up in October, as increased factory production offset declines in mining and utilities output....

Trump Forged His Ideas on Trade in the 1980s—-and Never Deviated

Fri, Nov 16, 2018

The president has been consistent on trade for decades, unlike on other issues, both in tone and substance. Longtime acquaintances say his philosophy came out of his experience in the cutthroat world of New York real estate and the rise of Japan as a global economic power....