Here’s the Shortlist of Contenders for Samsung’s CEO Post With record earnings and a share price hovering near all-time highs, Samsung Electronics Co. still has something big on its to-do list: find a new boss. Earlier this month, Kwon Oh-hyun announced plans to step down as chief executive officer and co-vice chairman, leaving the world’s biggest maker […]
Shifting to a territorial tax is the wrong move American companies have sheltered about $2.6 trillion in profits overseas to lessen their tax bill. These are the ones with the largest amounts. One of the big flaws in the U.S. corporate income tax is that it encourages companies to shift revenue, profit, operations, investment and […]
The CEO predicts there’ll be half as many bankers in 10 years Nordea says it’s leading a mass industry metamorphosis The 6,000 job cuts announced last week at Nordea Bank AB are just a down payment for an industry facing radical overhaul, says Chief Executive Officer Casper von Koskull. “If somebody says, where are we, or where […]
JPMorgan Asset Doesn’t Think Much of Taiwan’s Stock Rally Outside of megacap Taiwan Semiconductor Manufacturing Co., Taiwan’s equity universe looks increasingly unappealing to Howard Wang. Wang, who oversees JPMorgan Asset Management’s Greater China fund, has cut its Taiwan holdings to 18 percent of the total from 25 percent two years ago, even as the island’s […]
Two weeks after an initial “show of unity,” when NFL players and, in many cases, their team owners, linked arms on Sept. 24 after President Donald Trump slammed the NFL the night before, Dallas Cowboys owner Jerry Jones flipped the script. At a press conference on Sunday after the Cowboys lost to the Green Bay Packers, Jones suggested the […]
(Reuters) – Viacom Inc and Charter Communications Inc agreed on a short-term extension of their renewal deadline, a source familiar with the matter said, as the companies aim to avoid the immediate blackout of Viacom networks. If no deal is reached, 16.6 million subscribers of Charter’s Spectrum service will lose Viacom’s networks, which include Comedy […]
There’s an interesting debate going on in the markets now: Has this year’s rally in stocks been all about tax reform and the rest of the Trump trade, or is something bigger at work? The market is up big this year, so it’s worthwhile to know whether the wind is at investors’ backs or if […]
The Russian government used antivirus software from the private Russian company Kaspersky to steal classified U.S. data, according to several recent reports. The revelations, following months of vague warnings from U.S. officials, suggest that the U.S. has “direct evidence that there are ways to remote into Kaspersky and pull data back without the user’s intention,” David Kennedy, a […]
The third quarter may not be a blowout like the most recent earnings season, but it is still seen as a reason to be bullish The U.S. stock market has been in a seemingly endless uptrend, and there is reason to think that won’t end anytime soon, as the next big trading catalyst should […]
With interest rates near zero for so many years and the slow pace of the Fed’s normalization policy, the central bank is low on dry powder to stimulate the economy during the next downturn, according to Peter Schiff. Veteran market expert Peter Schiff, CEO of Euro Pacific Capital, isn’t pleased with the Federal Reserve’s […]
A coalition of left-leaning states and environmental groups are vowing to fight the Trump administration’s move to kill an Obama-era effort to limit carbon emissions from coal-fired power plants. Speaking Monday in the coal-mining state of Kentucky, Environmental Protection Agency Administrator Scott Pruitt said he would be issuing a new set of rules overriding the […]
Rep. Steve Scalise (R-La.), who is recovering from being shot in the hip by a gunman during a congressional baseball practice in June, said Tuesday that the massacre in Las Vegas has “fortified” his stance on gun rights. In an interview with Fox News that aired Tuesday evening, Scalise dismissed calls for gun reform as “wrong” and said […]
