CNBC Federal panel removes AIG's systemic risk labelCNBCAIG was designated a systemically important financial institution in 2013 after its near-collapse and taxpayer bailout during the financial crisis. The SIFI label brings with it extra capital and regulatory requirements, and applies to banks with more …US Rescinds Federal Oversight of AIGWall Street Journal (subscription) all 35 […]
Washington Post Georgetown bank teller stole $185000 from homeless customer with garbage bag of cashWashington PostA 29-year-old bank teller stole more than $185,000 from a homeless customer who tried to deposit a garbage bag full of cash at a Wells Fargo branch in Georgetown, according to court filings and attorneys in the case. In a […]
ZDNet SpaceX BFR to lead way to Mars while going anywhere on Earth within an hourZDNetspacex-bfr-iss.png (Image: SpaceX). Billionaire entrepreneur Elon Musk has gone back to the drawing board with his plans for manned missions to Mars, and said he hopes to make his current space rockets redundant with a new vehicle code named BFR.Elon […]
U.S. News & World Report China Sets Target for Electric Car Quota but Delays RolloutU.S. News & World ReportChina has raised its first-year target for a quota system that will require all automakers to contribute to electric car development but delayed its rollout to 2019. Sept. 29, 2017, at 1:48 a.m.. China Sets Target for […]
New York Post De Blasio vows to rid UWS of its newest residents — ratsNew York PostThe Upper West Side, one of the city's most desirable neighborhoods, has attracted a large group of undesirable residents that Mayor de Blasio vowed on Thursday to wipe out: rats. The rodents are thriving in parks, playgrounds and schools, […]
New York Times Lobbyists Rally to Save Tax Breaks Under Threat in Trump PlanNew York TimesRepublicans in Congress unveiled their tax overhaul plan on Wednesday, and lobbyists and trade groups were beginning to pick it apart by Thursday. Credit Drew Angerer/Getty Images. WASHINGTON — Republicans' release of a sweeping plan to rewrite …9 ways Trump's tax […]
Reuters Evacuees leave Puerto Rico by cruise ship, some doubting they will returnReutersPeople line up to board a Royal Caribbean cruise ship that will take them to the U.S. mainland, in San Juan, Puerto Rico September 28, 2017. REUTERS/Alvin Baez. SAN JUAN, Puerto Rico (Reuters) – Thousands of people lined up at San Juan harbor […]
CNNMoney The list grows: Whole Foods hit by hackersCNNMoneyWhole Foods Market — which was recently acquired by tech giant Amazon (AMZN, Tech30) — said Thursday that hackers were able to gain access to credit card information for customers who made purchases at some of its in-store taprooms and restaurants.Whole Foods is investigating a credit card […]
Los Angeles Times Roku IPO: Shares jump 68% as investors bet the firm can fend off Amazon, Apple and GoogleLos Angeles TimesInvestors brushed aside concerns about Roku's stiff competition in the video streaming business, sending the company's shares up 68% on its stock market debut Thursday. Roku stock closed at $23.50 after pricing its 18 […]
New York Times Ikea Enters 'Gig Economy' by Acquiring TaskRabbitNew York TimesAn Ikea store in Emeryville, Calif. The retailer said in a statement that TaskRabbit services could someday be extended globally. Credit David Paul Morris/Bloomberg. Ikea, the Swedish home goods retailer, said on Thursday that it had agreed to acquire …IKEA Makes a Power Move to […]