NewsRack: 'Credit_Personal_Finance' news in 'Credit_Personal

Venezuelan Opposition Seeks U.S. Court's Help Protecting Citgo	5.3.2019	Wall St. Journal: US Business
Venezuela’s U.S.-backed opposition leaders asked a federal appeals court to refrain from carving up the country’s foreign assets, saying their loss would hurt the chances of political change in Caracas.
Purdue Pharma Preparing Possible Bankruptcy Filing	5.3.2019	Wall St. Journal: Asia
Purdue Pharma is working with advisers on a possible bankruptcy filing as it seeks to contain liability from suits alleging it fueled the U.S. opioid epidemic.
Congress Faces Fall Deadline to Address Debt Ceiling	2.3.2019	Wall St. Journal: Policy
The clock starts ticking this weekend for Congress to reach a deal to raise the federal borrowing limit, or debt ceiling, before the government runs out of money to pay its bills sometime this fall.
Budweiser Brewer Pushes Alternative Drinks as Bud Falls Flat	1.3.2019	Wall St. Journal: US Business
AB InBev, the world’s largest brewer, said its efforts to woo drinkers with new lower-carbohydrate and lower-alcohol drinks had started to improve its performance in the U.S.
Also found in: [+] [sattva_1 :: health]
PG&E Says Its Equipment Was Probable 'Ignition Point' of Camp Fire, Takes $10.5 Billion Charge	1.3.2019	Wall St. Journal: US Business
PG&E said its equipment will probably be found to be an “ignition point” of the Camp Fire in Paradise, Calif., last year that killed 85 people, and recorded total fire-related charges of $11.5 billion in the fourth quarter.
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Activist Investors, eBay Nearing Settlement That Sets Stage for Possible Change	27.2.2019	Wall St. Journal: US Business
Online marketplace eBay and activist investors Elliott Management and Starboard Value are nearing a settlement deal that would give the activists board seats and could open the door to the company breaking itself up.
Tesla's Elon Musk Strains at SEC Leash With Tweets	27.2.2019	Wall St. Journal: US Business
Tesla CEO Elon Musk has until March 11 to answer federal regulators’ claims that tweets he issued last week violated an enforcement settlement he reached last year, a federal judge decided Tuesday.
Also found in: [+] [irge304 :: Cars]
GE to Sell Its Biotech Business to Danaher for $21 Billion	26.2.2019	Wall St. Journal: US Business
GE agreed to sell its biotechnology business to Danaher for $21 billion in cash, moving to pay down debt by parting with one of its fastest growing businesses.
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SEC Asks Manhattan Federal Court to Hold Musk in Contempt	26.2.2019	Wall St. Journal: US Business
The Securities and Exchange Commission says in a court filing that a Feb. 19 tweet regarding projected production volumes in 2019 violated terms of a prior settlement.
Frackers Face Harsh Reality as Wall Street Backs Away	25.2.2019	Wall St. Journal: US Business
The once-powerful partnership between fracking companies and Wall Street is fraying as the industry struggles to attract investors after nearly a decade of losing money.
Federal Reserve Report Highlights 'Resilient' Financial System	23.2.2019	Wall St. Journal: US Business
The Federal Reserve said Friday the U.S. financial system remains “substantially” safer than before the 2007-09 recession but noted a significant expansion in business debt and weaker lending standards.
Also found in: [+] [kailas :: GDP]
Apple, Goldman Sachs Team Up on Credit Card Paired With iPhone	22.2.2019	Wall St. Journal: US Business
The companies hope to lure cardholders by offering them extra features on Apple’s Wallet app, which will let them set spending goals, track their rewards and manage their balances.
Markets Warm to the Prospect of an ECB Funding Boost for Banks	20.2.2019	Wall St. Journal: US Business
Market participants are growing confident that the European Central Bank will soon try to boost the eurozone’s ailing economy by rebooting its program of ultracheap long-term loans to the banking system.
Also found in: [+] [ragini :: Compliance]
Worrying About Deficits Falls Out of Style	18.2.2019	Wall St. Journal: Policy
Washington’s red-ink alarms have gone dead, even though the annual deficit will reach roughly $900 billion this year, then pass the trillion-dollar mark annually starting in 2022. Is this lack of concern wise?
Lawsuits Surge Over Websites' Access for the Blind	17.2.2019	Wall St. Journal: US Business
Businesses are getting sued over websites that can’t be accessed by the blind, with many companies facing their second or third lawsuit even after reaching settlements to upgrade sites.
Worry About Debt? Not So Fast, Some Economists Say	17.2.2019	Wall St. Journal: US Business
As the national debt rises, some economists are making a once-heretical argument: The U.S. needn’t be so worried about all of its red ink.
Payless to Close All U.S. Stores as It Prepares for Another Bankruptcy	16.2.2019	Wall St. Journal: US Business
Retailer Payless ShoeSource plans to close all of its roughly 2,100 stores in the U.S. and Puerto Rico, in what is likely to be the largest ever retailer liquidation.
PG&E's Bankruptcy Shows Blindspots in Green Investing	15.2.2019	Wall St. Journal: US Business
The bankruptcy filing by PG&E is the latest stumble by a company rated highly by environmentally focused investors, further exposing a weakness in a scoring system meant to measure risk for shareholders.
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King of Generics Pushes Into Biotech Drugs	14.2.2019	Wall St. Journal: US Business
Israel’s Teva, the world’s largest maker of generic drugs, is looking for growth in an unlikely place: high-price biotech medicines.
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Lampert's Plan for Sears: Smaller Stores, Less Apparel	14.2.2019	Wall St. Journal: US Business
Edward Lampert, who steered Sears into bankruptcy and kept it alive with a $5.2 billion offer for its assets, says he will sell or sublease some of the 425 remaining stores, devote extra space to tools and appliances, and open more smaller stores.

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