Governor to approve state-run retirement for private workers
Washington Post
SACRAMENTO, Calif. — Gov. Jerry Brown is scheduled to sign legislation Thursday to automatically enroll nearly 7 million people in a retirement savings account, an attempt to address growing fears that many workers will be financially unprepared to

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Bloomberg

Oil Output Cut Vies With 9/11 Bill for Battered Saudi Stocks
Bloomberg
A lot has changed since Saudi Arabian stocks closed on Wednesday. The market will reopen Thursday with investors weighing the impact of a surge in oil prices following an OPEC deal to cut production against the possibility the kingdom will be sued for
Will Saudis seek revenge for Congress' veto override?CNN
Saudi Arabia Has Ways to Hit Back at 9/11 Lawsuit EffortNew York Times
Saudi Aramco's Retirees Hold On Tightly to Their Company TiesWall Street Journal
Reuters –Breitbart News –New Zealand Herald –Daily Sabah
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Wall Street Journal

Oil Prices in Choppy Trade After OPEC Deal
Wall Street Journal
Crude-oil prices seesawed throughout Asia trade Thursday, as the market digested news that the Organization of the Petroleum Exporting Countries has reached a preliminary deal to cut output. The group reached an understanding at a meeting Wednesday …
OPEC reaches agreement on need to cut oil outputMarketWatch
OPEC Agrees to Curb Oil Output in the First Deal Since 2008Fortune
Oil shares pull Asian stocks higher; yen slipsReuters
Bloomberg –CNBC –USA TODAY –Nasdaq
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Bloomberg

EpiPen's $69 Cost in Britain Shows Other Extreme of Drug Pricing
Bloomberg
The EpiPen allergy shot, enmeshed in controversy because it sells for almost as much as the latest iPhone in the U.S., costs less than its leather case in Britain. The price of an EpiPen two-pack has surged to more than $600 in the U.S., sparking a
Senators call for probe of Mylan's rebates for EpiPenPittsburgh Post-Gazette
US agency told Mylan that EpiPen was misclassifiedReuters
Mylan 'incorrectly' classified EpiPens, shortchanging government: RegulatorsCNBC
ABC News –DesMoinesRegister.com –FiercePharma –Daily Signal
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Forbes

Ubiquitous Flatbread Sandwich Chain Cosi Files For Bankruptcy
Forbes
Discovered in Paris two decades ago, Cosi's rise into one of America's most recognizable lunchtime quick service eateries has wound up in a Boston bankruptcy court. Source: Cosi. On Wednesday, the chain known for its store-made flat breads, filed for …
Cosi files for bankruptcy, sets saleThe Boston Globe
Restaurant Chain Cosi Inc. Files for Chapter 11Nasdaq
Restaurant operator Cosi files for bankruptcy protectionReuters
Fortune –Appeal-Democrat –Newark Post –Boston Business Journal
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MarketWatch

NC improves ranking in business climate report
Winston-Salem Journal
The top individual category ranking for North Carolina was in corporate tax structure, from 18th in 2015 to seventh for 2016 and fourth for 2017. The ranking for individual income tax has gone from 15th in 2015 to 14th in 2016 and back to 15th in 2017.
Study: PA became more business-friendly, but corporate tax rate needs a fixWilkes Barre Times-Leader
New York's business tax climate named one of worst in U.S.New York Daily News
Conservative group faults Minnesota tax lawDaily Globe
MarketWatch –Philly.com –Centre Daily Times –Coeur d’Alene Press
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BBC News

Trump's fortune drops $800m in one year
BBC News
"Part of the beauty of me is that I'm very rich," Donald Trump once said, but according to Forbes magazine he's much less rich than a year ago. The business magazine has reappraised the Republican White House hopeful's personal wealth and found it has …
Forbes Pegs Trump's Wealth At $3.7 Billion, $800 Million Less Than Last YearHuffington Post
Donald Trump Net Worth 2016: GOP Presidential Nominee's Personal Wealth Plunges $800M Since 2015 To $3.7BInternational Business Times
Forbes: Trump's fortune down $800MThe Hill (blog)
Washington Examiner (blog) –New York Post –Mediaite –Fox News Latino
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Bloomberg

Stumpf's Pay Cut Eclipsed by Fury as Yellen, State Join In
Bloomberg
Wells Fargo & Co. Chief Executive Officer John Stumpf gave up $41 million to buy a reprieve from the bank's widening scandal. Then it got worse. The company was battered anew by regulators and politicians throughout Wednesday, less than 24 hours after …
California Suspends Ties With Wells FargoNew York Times
Wells Fargo CEO Isn't Out of Danger Despite Pay ClawbackWall Street Journal
Should Wells Fargo Customers Abandon Ship?Motley Fool
Washington Post –NPR –Nasdaq –U.S. News & World Report
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Bloomberg

Takata's Tricky Protection Racket
Bloomberg
David Fickling is a Bloomberg Gadfly columnist covering commodities, as well as industrial and consumer companies. He has been a reporter for Bloomberg News, Dow Jones, the Wall Street Journal, the Financial Times and the Guardian.
Takata in Talks to Resolve Allegations of Criminal Wrongdoing Over Faulty Air BagsWall Street Journal
Takata Takeover Deals Scrutinized for Handling of Recall, Liability CostsInsurance Journal
Honda Says Takata Air Bag Ruptured in Malaysia Crash, 1 DeadNew York Times
Automotive News –Forbes –Chicago Tribune –Business Insider
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Channel NewsAsia

CBS-Viacom merger may be closer to reality, thanks to Redstones and National Amusements
Los Angeles Times
The oft-foretold reunification of CBS Corp. and Viacom Inc. may be moving closer to reality. National Amusements Inc., the theater chain operator and investment vehicle of media mogul Sumner Redstone, is poised to call on the two companies to consider …
Pitt v. Jolie: Comparing the Stars' Divorce Dream TeamsHollywood Reporter
Sumner Redstone's National Amusements to Call on Viacom and CBS to Explore MergerWall Street Journal
Viacom, CBS owner said to be eyeing mergerThe Boston Globe
Deadline –Bloomberg –Reuters –Fortune
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