Bailout of Italy bank Monte dei Paschi could take months: report

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The main entrance of the Monte dei Paschi bank headquarters is seen in Siena, Italy March 13, 2012. REUTERS/Max Rossi/File photo

Bailout of Italy bank Monte dei Paschi could take months: report

The main entrance of the Monte dei Paschi bank headquarters is seen in Siena, Italy March 13, 2012. REUTERS/Max Rossi/File photo. MILAN A state bailout of struggling Italian lender Monte dei Paschi di Siena (BMPS.

Former Official at New York State Pension Fund, Two Brokers Charged in Bribery Scheme

Wall Street Journal
A former portfolio manager of New York state’s pension fund steered more than $2 billion in business to two brokerage firms in exchange for bribes that included prostitutes, cocaine, concert tickets and a $17,400 Panerai watch, federal prosecutors said …

Trump meets with Boeing and Lockheed CEOs about government contracts

After meetings with the CEOs of Boeing and Lockheed Martin on Wednesday, President-elect Donald Trump said he and the aircraft makers will work to try and reduce costs on major defense projects, including a new Air Force One.

Trump Picks ‘Death By China’ Author For Trade Advisory Role

Huffington Post  
U.S. President-elect Donald Trump named Peter Navarro, an economist who has urged a hard line on trade with China, to head a newly formed White House National Trade Council, the transition team said on Wednesday.

Iraq Says Kurds, Foreign Companies Agree to Cut Oil Output

Iraq said most international oil companies working in the country, along with the semi-autonomous region of Kurdistan, have agreed to cut crude output to fulfill an OPEC accord.

US|Health Exchange Enrollment Jumps, Even as GOP Pledges Repeal

New York Times
Customers signed up for the Affordable Care Act in Miami last month. Credit Angel Valentin for The New York Times. WASHINGTON – About 6.4 million people have signed up for health insurance next year under the Affordable Care Act, the Obama …

Alibaba, Labeled ‘Notorious,’ Faces Growing Pressure Over Fakes

New York Times
Trying out a virtual reality device for online shopping at a Taobao event in Shanghai in July. Credit Imaginechina, via Associated Press.

Secret Unit Helped Brazilian Company Bribe Government Officials

New York Times
The Braskem chemical plant in Camacari, Brazil. Braskem and Odebrecht, a construction giant, pleaded guilty to paying hundreds of millions of dollars in bribes.

Hyundai fires US CEO Dave Zuchowski

Korean automaker Hyundai has fired its U.S. CEO, Dave Zuchowski, as the company’s car-heavy lineup struggles in a market currently dominated by sport-utility vehicles, crossovers and pickup trucks.

As 2016 ends, ‘Trumponomics’ tempts investors back to equities: Poll

U.S. President-elect Donald Trump is seen speaking on a television on the floor of the New York Stock Exchange (NYSE) in New York, U.S.

Russia successfully tested a missile that could cripple US satellites

According to Pentagon officials, Russia has successfully completed tests of an anti-satellite missile that could be capable of crippling the US military communications and navigation network.

Colorado Springs Airport demonstration stresses safe holiday travel – and no machetes

Colorado Springs Gazette
photo – Jan Harris from the Transportation Security Administration shows some of items not allowed on Caption + Jan Harris from the Transportation Security Administration shows some of items not allowed on planes that passengers have tried to take

Lisa Su Was the Game Changer AMD Needed

Black Friday and Cyber Monday were great days for Sony and Microsoft: Playstation and Xbox consoles flew off shelves. But it was also a big win for Advanced Micro Devices, the Sunnyvale, Calif.

Trump Names Carl Icahn as Adviser on Regulatory Overhaul

Wall Street Journal
Billionaire investor Carl Icahn on Wednesday was named special adviser to the president on overhauling federal regulations. Mr. Icahn, who has spent the past four decades battling big companies as an activist investor, already has been wielding

On Oil, No Backsies!

National Review  
Barack Obama, utilizing the hitherto unknown “No-Backsies!” provision of Article II, has unilaterally declared an “indefinite” ban on oil exploration in certain parts of the Atlantic and Arctic.

Five questions for Trump’s tax reform

The Hill
Trump and his economic team have discussed lowering tax rates while ending tax breaks that have cut IRS bills for the wealthy. The broad outlines of the tax plan sound similar to the effort by President Ronald Reagan that culminated in the 1986 tax

Chicago man sues McDonald’s over value meal price

He seeks class-action status for a consumer fraud and deceptive practices lawsuit against McDonald’s operator Karis Management Co.

Hershey Names 11-Year Vet Michele Buck to CEO Post

Hershey has named 11-year veteran Michele Buck to serve as the chocolate maker’s next president and CEO, an appointment that comes at a time when Big Food manufacturers find themselves challenged by smaller startup rivals.

State utility regulators adopt new policy for solar rates

Today’s News-Herald
PHOENIX (AP) – Arizona utility regulators have adopted a new policy on how solar customers pay for their power. The Arizona Corporation Commission voted Tuesday to end net metering for new solar customers and to phase out the practice for existing …

Garnishment for student-loan debt is leaving people below the povery line, GAO says

Pittsburgh Post-Gazette
Kate Voigt, Associate Director of Liaison at the American Immigration Lawyers Association, on a conference call in her office in the Penn Quarter neighborhood of Washington, Dec. 20, 2016.

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