Business

In a candid assessment of what’s happening in the business world — and perhaps taking a veiled shot at Washington at the same time — Mr. Fink wrote that he is seeing “many governments failing to prepare for the future, on issues ranging from retirement and infrastructure to automation and worker retraining.” He added, “As
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CVS Health Monday said it will ban photo manipulation in its store-brand makeup marketing and promotional displays, a move that acknowledges growing awareness of the harmful nature of touched-up images. The nation’s largest drugstore chain will also require other makeup and beauty brands that sell products in its aisles to commit to a photo-manipulation ban
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Via: India Space Research Organization Water is critical to the future of spaceflight, and especially to human colonizing other planets. Beyond being necessary for life, water is one of the most efficient propellants. The results of the Arkyd-6 mission will teach Planetary Resources what it needs to know before launching exploratory crafts to asteroids near
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Motor vehicle inventories were unchanged as previously reported after falling 0.7 percent in October. Retail inventories excluding autos, which go into the calculation of GDP, increased 0.2 percent as reported last month. They rose 0.4 percent in October. Inventory investment contributed almost eight-tenths of a percentage point to the economy’s 3.2 percent annualized growth pace
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“This is what we’re gearing up for this year and what you’re going to see more and more of is these large-scale compliance inspections, just for starters. From there, we will look at whether these cases warrant an administrative posture or criminal investigation,” said Benner, acting head of ICE’s Homeland Security Investigations, which oversees cases
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Chinese logistics company ZTO Express said Tuesday the allegations by a U.S. pension fund that it exaggerated its profit margins have no merit. The company was sued by Birmingham Retirement and Relief System. The pension fund alleged that ZTO left out certain low-margin business segments from its financial statements in order to inflate overall profit
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The cryptocurrency market will strengthen after bitcoin alternatives that lack substance have failed, a former chief executive and co-founder of Ethereum said. “My personal opinion is that we’re going to see a consolidation after a crash,” Charles Hoskinson told CNBC in an interview Friday. Hoskinson now runs blockchain research firm IOHK, but was previously in
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Kohl’s on Monday reported same-store sales during the holidays climbed nearly 7 percent from 2016. Recent initiatives including partnering with Amazon and bringing in more items from popular athletic apparel brands Under Armour, Nike and Adidas are paying off for Kohl’s, which said more people have been shopping its stores. The department store chain’s shares
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In wake of Attorney General Jeff Sessions‘ repeal of Obama era guidance on legal marijuana, Denver Mayor Michael Hancock is more worried about the marijuana business than he is about a law enforcement crackdown on weed. “When we see an industry, that is dependent upon investors, people who are putting their hard-earned money into the
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A subsidiary of Canada’s Brookfield Asset Management plans to acquire Westinghouse Electric, the bankrupt nuclear services company owned by Toshiba, for $4.6 billion. Brookfield Business Partners said in a statement on Thursday that it and institutional partners would use $1 billion of equity and $3 billion of long-term debt financing to buy the Pittsburgh-based business,
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