Business

Northrop Grumman to buy aerospace manufacturer Orbital ATK

BZ 062817 Erica Sandoval ATK 01

Northrop Grumman, one of the nation’s largest defense contractors, announced on Monday that...

Business

Asian stocks flat as investors await Fed meeting results

Financial Markets Wall Street

SEOUL, South Korea (AP) — Asian stock markets were little changed on Wednesday as investors took to the sidelines ahead of the Federal Reserve’s announcement of the result of its meeting. KEEPING SCORE: Japan’s Nikkei 225 was flat at 20,298.80 and South Korea’s Kospi edged down 0.1 percent to 2,413....


Business

Before the breach, Equifax sought to limit exposure to lawsuits

(c) 2017, The Washington Post. Before Equifax discovered a massive computer breach that exposed sensitive information about millions of Americans, the company lobbied Congress on legislation to limit how much it could be forced to pay if sued by consumers, and it pressed lawmakers to roll back the...


Business

Toys R Us joins bankruptcy list as Amazon exerts influence

Toys R Us

NEW YORK (AP) — In filing for bankruptcy, Toys R Us joins a list of dozens of store chains that have done so already this year as online leader Amazon increasingly exerts its influence over a huge part of the retailing world. The toy chain, hobbled by $5 billion in debt and more intense competition,...


Business

Before the breach, Equifax sought to limit exposure to lawsuits

(c) 2017, The Washington Post. Before Equifax discovered a massive computer breach that exposed sensitive information about millions of Americans, the company lobbied Congress on legislation to limit how much it could be forced to pay if sued by consumers, and it pressed lawmakers to roll back the...


Business

Trump's lawyer to publicly testify in Senate next month

Trump Russia Probe

WASHINGTON (AP) — President Donald Trump’s lawyer will return to Capitol Hill for a public hearing next month after the Senate intelligence committee abruptly canceled a closed-door staff interview Tuesday morning. Committee leaders said they called off the interview after Michael Cohen sent a...


Government

One last last chance: GOP strains for Obamacare repeal votes

Congress Health Overhaul

WASHINGTON (AP) — Time growing short, President Donald Trump and Republican Senate leaders dove into a frantic hunt for votes Tuesday in a last-ditch effort to repeal and replace “Obamacare.” The pressure was intense, the outcome uncertain in a Capitol newly engulfed in drama over health care....


Business

Investors have gotten a boost from the Fed for 9 years; that ends Wednesday

(c) 2017, The Washington Post. The nine-year-and-counting bull market in stocks could come to a screeching halt on Wednesday when the Federal Reserve delivers a highly anticipated and climactic announcement that its eight-year experiment in easy money is over. Or not. Many think the Fed’s historic...


Business

Brooklyn seen as best bet for NYC to win new Amazon headquarters

(c) 2017, Bloomberg. (Bloomberg) -- Brooklyn may emerge as an attractive lure in New York City’s long-shot bid to become Amazon.com Inc.‘s new home. The borough’s image as a hip hub for millennials could give it a leg up as the e-commerce giant hunts for the perfect locale for its second U.S....


Business

Toys 'R' Us files for bankruptcy amid struggle to pay down billions in debt

(c) 2017, The Washington Post. Toy store chain Toys R Us filed for bankruptcy Monday night after struggling for years to pay down billions of dollars in debt and remain relevant in an era of online shopping. Toys R Us been spiraling toward bankruptcy for years as it failed to keep up with...


Business

Your chances of getting a bigger raise or bonus in 2018 just went down

(c) 2017, The Washington Post. Middle-class incomes are on the rise, corporate profit growth has been particularly strong and unemployment is low. But don’t expect all that good economic news to translate into a big bonus next year: Companies are actually projecting a decline in their budgets for...


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