China’s Economy Grows Strongly, Yet Central Bank Eases Policy

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 China’s Economy Grows Strongly, Yet Central Bank Eases Policy

New York Times
Shoppers in Sanya, China, in September. Adjusted for inflation, consumer spending climbed 9.6 percent last year, led by blistering growth in online retail sales of 26.2 percent.

Davos elites give Trump a uneasy reception

CNBC
President-elect Donald Trump boards the elevator to the lobby after meetings at Trump Tower in New York City on January 16, 2017. Soon-to-be President Donald Trump loomed large over the World Economic Forum in Davos this year, casting a shadow …

Issues of Riches Trip Up Steven Mnuchin and Other Nominees

New York Times
Steven T. Mnuchin, President-elect Donald J. Trump’s nominee for treasury secretary, during his confirmation hearing on Thursday.

Dollar recoups losses, caution sets in ahead of Trump inauguration

Reuters
A worker shelters from the rain under a Union Flag umbrella as he passes the London Stock Exchange in London, Britain, October 1, 2008.

GE Misses Revenue Estimates, Weighed Down by Slump in Oil Market

Bloomberg
General Electric Co. reported fourth-quarter sales below analysts’ estimates as the persistent slump in the oil market weighed on sales of industrial equipment.

IBM at least has got better at predicting its declining revenue

MarketWatch
Dario Gil, director of symbiotic cognitive systems at IBM Research, holds a remote control wand while giving a demonstration of the IBM Watson immersion room in 2014.

Industry groups mostly positive to Perdue nomination

USA TODAY
WASHINGTON – Agriculture industry associations reacted mostly favorably to the nomination of former Georgia Gov. Sonny Perdue for agriculture secretary but critics suggested Donald Trump’s last cabinet selection indicated rural America is low on his

P&G Profit Tops Estimates on Sales of New, Premium Products

Bloomberg
Procter & Gamble Co., the world’s largest consumer-products maker, reported fiscal second-quarter earnings that topped analysts’ estimates as the company sold more new and premium products.

6 Tips for Avoiding the Worst Student Loan Repayment Traps

New York Times
Rohit Chopra, former student loan ombudsman for the Consumer Financial Protection Bureau, which has filed suit against the nation’s largest student loan servicer.

Uber to Pay $20 Million to Settle FTC Charges on Earnings Claims for Drivers

Wall Street Journal
WASHINGTON—Uber Technologies Inc. agreed Thursday to pay $20 million to resolve Federal Trade Commission allegations that it misled drivers about potential earnings and vehicle financing.

U.K. Retail-Sales Slump Hints at Cracks in Brexit Boom

Bloomberg
A crowd of pedestrians and shoppers walk on Oxford Street, in London, U.K., on Friday, Nov. 25, 2016. Photographer: Luke MacGregor.

A Chinese graduate student who can’t get enough US politics ‘decodes’ Trump

Washington Post
GUANGZHOU, China – From his perch in the Pearl River Delta in southern China, Yin Hao tries to make sense of America. Lately, that’s been tough.

Even After May’s Speech, Brexit Details Are Foggy

Wall Street Journal
For six months, European Union leaders have pressed British Prime Minister Theresa May for some clarity about Britain’s vision of Brexit.

CSX shares jump 20 percent as activist reignites rail merger hopes

Reuters
Union Pacific Chairman, President and CEO, Lance Fritz speaks during an interview in New York, U.S., June 2, 2016. REUTERS/Shannon Stapleton.

Western Union to Pay $586 Million Over Failure to Stop Fraud

Bloomberg
Western Union Co. agreed to pay $586 million and admitted it failed to stop money laundering and wire fraud as part of a deal with the U.S.. Lapses in the company’s anti-money laundering controls allowed hundreds of millions of dollars in prohibited …

Las Vegas casino company paying $7M to settle corrupt practices investigation

Fox News
LAS VEGAS – Billionaire Sheldon Adelson’s casino company is paying almost $7 million to U.S. authorities to end a more than five-year corrupt practices investigation of the firm’s former relationship with a consultant in Macao and China, company and

Girl Scouts Defend Decision to Attend Donald Trump’s Inauguration

Newsweek
The Girl Scouts of the USA has defended its decision to send its girls marching into Donald Trump’s Inaugural Parade. After the Republican’s election campaign, which was fraught with claims of sexual assault against women and misogynistic rhetoric

Trump Is Right: ‘Border Adjustment’ Tax Is Complicated

Bloomberg
Donald Trump recently called the so-called border adjustment in the House Republican tax-reform plan “too complicated.” He’s got that right: The proposal to incorporate border-tax adjustments into business taxes has created infighting among some

Schlumberger Posts a Loss as Slump Weighs on Oil Services

Bloomberg
Schlumberger Ltd. reported a fourth-quarter loss as oil’s slump continued to weigh on demand for drilling services. The world’s largest oilfield service provider posted a net loss of $204 million, or 15 cents a share, after a loss of $1.02 billion, or

Avaya files for Chapter 11 bankruptcy protection

The Mercury News
Avaya, a struggling tech company based in Santa Clara, has filed for a Chap. 11 bankruptcy. Images are from the Avaya web site. By George Avalos | gavalos@bayareanewsgroup.

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