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 Apple could be setting a course toward 5G iPhone
USA TODAY, May 25, 2017 Thursday

 Apple appears to be in the very early stages of readying a 5G-capable iPhone. The company filed an application for an "experimental radio service (other than broadcast)" with the Federal Communications Commission, to conduct wireless tests in two locations, one in the company's Cupertino, Calif., backyard, the other in nearby Milpitas.
 Amazon continues to open real bookstores; E-commerce giant thinks it can thrive where others failed
USA TODAY, May 25, 2017 Thursday

 A luxury shopping complex on New York's Columbus Circle opens to a new tenant Thursday: Amazon. While some may be excited that this is an "Amazon Store," similar to Apple and Microsoft's respective flagship stores located just blocks away, Amazon says its goal for the new store is the same as it was when the online retail giant first started two decades ago: to sell books.
 BUSINESS BEAT; MARKET ROUNDUP; Stocks climb for fifth day in a row
Los Angeles Times, May 25, 2017 Thursday

 U.S. stocks rose for the fifth consecutive day Wednesday as investors went on a late buying spree. The gains came after news that the Federal Reserve plans to start reducing its huge portfolio of bonds. The Standard & Poor's 500 index closed at a record high.
 BUSINESS BEAT; Salaries rise for the nation's few female CEOs
Los Angeles Times, May 25, 2017 Thursday

 Female chief executives earned big bucks last year, but there are still very few of them running the nation's largest companies. The median pay for a female CEO was $13.1 million last year, up 9% from 2015, according to an analysis by executive data firm Equilar and the Associated Press. By comparison, male CEOs earned $11.4 million, also up 9%.
 Target to pay $18.5M over 2013 data breach Multistate settlement
Plain Dealer (Cleveland, OH), May 24, 2017 Wednesday

 Columbus — Ohio and 46 other states have settled with Target after a multistate investigation into the company’s 2013 data breach, Ohio Attorney General Mike DeWine announced Tuesday.
 Target will pay $18.5 million for data breach; Target to pay $18.5 million to settle data breach fallout
The San Francisco Chronicle (California), May 24, 2017 Wednesday

 Target has agreed to pay $18.5 million to resolve investigations being conducted by 47 states and the District of Columbia stemming from the retailer's 2013 data breach. In that incident, hackers compromised 41 million credit and debit card accounts and may have obtained the personal information of more than 60 million customers.
 BUSINESS BEAT; Fiat Chrysler sued over emissions
Los Angeles Times, May 24, 2017 Wednesday

 The U.S. government is suing Fiat Chrysler Automobiles, alleging that some diesel pickups and Jeep sport utility vehicles cheat on emissions tests.
 Sears takes steps to work its way back to profitability
USA TODAY, May 24, 2017 Wednesday

 The parent company of Sears and Kmart, which has been paring costs and hoarding cash in a bid to survive, said Tuesday it will put off repaying much of a $500 million loan to help shrink its debt.
 Bitcoin hits record $2,000 - and rising; Global demand has offset concerns about its use by hackers
USA TODAY, May 23, 2017 Tuesday

 Bitcoin, sometimes frowned upon as a currency of the underworld, is fast gaining currency in the financial world. The crypto-currency soared past $2,000 for the first time over the weekend as investors increasingly treat it as a new gold standard and countries such as Japan and China integrate it into their banking systems. On Monday, it traded 6% higher at $2,182.74, according to CoinDesk.
 A T-Mobile-Sprint merger could mean higher prices; Marriage of nation's No. 3-4 providers would jolt industry
USA TODAY, May 23, 2017 Tuesday

 Speculation that T-Mobile and Sprint might pair up is mounting, thanks to comments from both wireless carriers' executives, raising questions about what such a merger might mean for consumers who largely have benefited from the fierce competition that has come to define the business. The nation's third- and fourth-largest wireless carriers -- and/or parent companies Deutsch Telekom and SoftBank-- are engaged in such informal discussions, according to a Bloomberg report.
 Citigroup to pay $97.4 million Banking
Plain Dealer (Cleveland, OH), May 23, 2017 Tuesday

 For years, Citigroup employees suspected that millions of dollars the bank was moving to Mexico might be suspicious. Yet the bank, federal prosecutors said Monday, failed to sufficiently alert regulators or step up its monitoring for money laundering.
 What's next for GoPro?
USA TODAY, May 23, 2017 Tuesday

 A few years ago, a start-up called GoPro carved out a high-growth niche in the stagnant camera market with its Hero action cameras. Sales surged until 2015 but started sliding after GoPro -- and a growing number of rivals -- seemingly saturated the specialty market.
 Ford Was Unprepared for Investor Revolt and C.E.O. Change
The New York Times, May 23, 2017 Tuesday

 Ford Motor's many gaffes under Mark Fields were becoming an existential crisis for the $43 billion carmaker's founding family. Two weeks ago, a majority of those shareholders not named Ford voted to abolish the family's super-voting stock. The Fords got the message, and Mr. Fields, the chief executive, is now leaving. But naming a 62-year-old from the furniture trade to replace him hints at how unprepared the family was for a revolt.
 Citigroup Pays $97.4 Million To End Inquiry On Oversight
The New York Times, May 23, 2017 Tuesday

 For years, Citigroup employees feared that millions of dollars the bank was moving to Mexico might be suspicious. Yet in many cases, the bank did not alert regulators or step up its monitoring for money laundering, federal prosecutors said Monday. Even as the Citigroup unit Banamex USA was growing to dominate remittances from the United States to Mexico, the bank did not properly safeguard its systems from being infiltrated by drug money and other illicit funds, prosecutors said.
 Shares Rise for a Third Consecutive Day As Technology Firms Make Strong Gains
The New York Times, May 23, 2017 Tuesday

 Strong gains for technology companies like software and chip makers helped lead stock indexes higher Monday. Defense contractors also climbed as the market continued to recover from turbulence last week. Stocks rose for the third day in a row. Technology companies are nearing record highs, led by big names like Cisco Systems and Qualcomm.   Aerospace and defense companies rose after President Trump presided over a huge sale of military equipment to Saudi Arabia. Amazon led consumer companies...
 Huntsman Will Merge With Swiss Chemical Firm
The New York Times, May 23, 2017 Tuesday

 LONDON -- The Huntsman Corporation said on Monday that it had agreed to merge with Clariant of Switzerland, continuing a consolidation push in the chemicals industry. The all-stock transaction, dubbed a ''merger of equals'' by the companies, would create a business with a combined market value of about $14 billion.
    

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