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 Hacking Group Claims N.S.A. Infiltrated Backbone of Mideast Bank System
The New York Times, April 16, 2017 Sunday

 For the past few months, an elite hacking group calling itself the Shadow Brokers has sporadically leaked sensitive data from the National Security Agency. On Friday, just when its leaks had appeared to slow, the group released what appears to be its most damaging leak so far: a trove of highly classified hacking tools used to break into various Microsoft systems, along with what it said was evidence that the N.S.A. had infiltrated the backbone of the Middle East's banking infrastructure. The...
 DeVry's sector is on the rebound; For-profit colleges' stocks rise during Trump presidency
Chicago Tribune, April 23, 2017 Sunday

 It may be too late for shuttered Corinthian Colleges, ITT Technical Institute or even Trump University, but Wall Street is betting the potential rollback of Obama-era initiatives to hold for-profit colleges accountable may lead to a resurgence of the beleaguered industry. Rebounding from what some analysts saw as an existential threat during the Obama administration, for-profit college stocks are up sharply since Donald Trump's November election amid renewed investor optimism -- and growing...
 Sears to close 50 auto centers, 92 pharmacies to slash costs
Chicago Tribune, April 23, 2017 Sunday

 Sears Holdings plans to close scores of Sears Auto Center locations and underperforming Kmart pharmacies as part of its effort to cut costs by $1.25 billion this year. The Hoffman Estates-based retailer already has closed 150 stores nationally in cost-cutting efforts, but more needs to be done in this "very challenging retail environment," Chairman and CEO Edward Lampert said Friday in a news release.
 Bebe to close all stores, becoming latest retail casualty
The Indianapolis Star (Indiana), April 22, 2017 Saturday

 Women's clothing chain Bebe Stores said Friday it would close all of its locations after a string of losses, becoming the latest casualty in the retail industry as the fallout from online competition and shifting fashion preferences spreads.
 VW fined $2.8B in diesel scandal; Criminal sentence is apart from $1.5B civil penalty in conspiracy
The Detroit News (Michigan), April 22, 2017 Saturday

 "We have taken significant steps to strengthen accountability, enhance transparency and build a better company ... " Hiltrud Werner, Volkswagen AG Detroit - Volkswagen AG was sentenced Friday to a record-setting $2.8 billion fine and three years of probation after last month pleading guilty to three criminal charges for its 10-year conspiracy to rig nearly 600,000 diesel cars to cheat U.S. emissions standards. Judge Sean Cox, in a hearing Friday morning in federal court in Detroit, ruled there...
 U.K. Puts Off Action on Bid By Murdochs For Sky Stake
The New York Times, April 22, 2017 Saturday

 LONDON -- Sky, the British satellite television giant, has been a most elusive crown jewel for the Murdoch family. The last time a company led by Rupert Murdoch tried to acquire Sky, it was News Corporation, and the deal was abandoned amid a phone hacking scandal. Now, Mr. Murdoch, the executive co-chairman of 21st Century Fox, and his sons James and Lachlan are again vying for control of the 60.9 percent of Sky shares that 21st Century Fox does not already own. And again there are calls for...
 A Good Trading Week Ends With Shares Falling Into a Slight Slump
The New York Times, April 22, 2017 Saturday

 Stocks on Wall Street slumped Friday as financial and health care companies moved lower. Industrial companies rose as stocks continued the up-and-down pattern they've been stuck in for the last month. Stocks lagged in morning trading as banks fell in tandem with bond yields and interest rates and energy companies sank with oil prices.   The Standard & Poor's 500-share index lost 7.15 points, or 0.3 percent, to 2,348.69. The Dow Jones industrial average dipped 30.95 points, or 0.2 percent, to...
 Trump Administration Denies Exxon Mobil's Bid for Waiver From Russia Sanctions
The New York Times, April 22, 2017 Saturday

 HOUSTON -- The Trump administration delivered a setback to Exxon Mobil on Friday, announcing that it would not grant the oil giant a waiver from sanctions against Russia that would allow drilling in the Black Sea. The decision, reinforcing barriers erected by the United States over Russia's intervention in Ukraine, was another sign that President Trump has been unwilling or unable to improve relations with the Kremlin early in his term, after pledging as a candidate that he would seek a thaw.  ...
 Ex-Walgreens Chief Aims To Nurture New Tech Firms
The New York Times, April 22, 2017 Saturday

 For 35 years, Gregory D. Wasson worked at Walgreens, eventually presiding over some of the drugstore chain's biggest deals as its chief executive. Now he is working on a smaller scale to build up new companies.
 For First Time Since 1800s, Britain Goes a Day Without Burning Coal for Electricity
The New York Times, April 22, 2017 Saturday

 LONDON -- Friday was the first full day since the height of the Industrial Revolution that Britain did not burn coal to generate electricity, a development that officials and climate change activists celebrated as a watershed moment. The accomplishment became official just before 11 p.m., when the 24-hour period ended.   Coal powered Britain into the industrial age and into the 21st century, contributing greatly to the ''pea souper'' fogs that were thought for decades to be a natural...
 Wells boosts offer in account scandal; Bank adds $32 million to settlement and extends payouts to clients hurt in 2002.
Los Angeles Times, April 22, 2017 Saturday

 Wells Fargo & Co. has agreed to boost its payout in a class-action settlement over unauthorized accounts to $142 million, up from the $110 million it announced just three weeks ago, according to documents filed late Thursday. The scandal-rocked bank agreed to the larger settlement after an internal report released last week showed that bank officials knew about unethical sales practices -- including the creation of debit cards without customers' authorization -- as early as 2002. The settlement...
 MARKET ROUNDUP; Financial firms lead stocks lower
Los Angeles Times, April 22, 2017 Saturday

 U.S. stocks slumped Friday as financial and healthcare firms moved down. Industrial firms rose as stocks continued the up-and-down pattern they've been stuck in for the last month.
 Target innovation guru is out
Star Tribune (Minneapolis, MN), April 21, 2017 Friday

 The executive charged with spearheading innovation at Target Corp. is leaving the company as CEO Brian Cornell refocuses efforts on the core business. The exit of Casey Carl, 41, the company's chief innovation and strategy officer, comes as Cornell hunts for quick moves to revitalize stores amid falling sales. Carl has pushed Target to think about the direction of retail beyond the next few years, but the retailer has been dismantling a number of his projects, including a store-of-the-future...
 Amid layoffs, CEO of Lowe's sees pay decline
Charlotte Observer (North Carolina), April 21, 2017 Friday

 The CEO of Mooresville-based Lowe's Cos. saw his pay fall last year as the home-improvement retailer slashed thousands of jobs in a bid to boost profitability.
 P&G taps Coca-Cola exec to fill a top role
The Cincinnati Enquirer (Ohio), April 21, 2017 Friday

 Procter & Gamble has named Javier Polit, a Coca-Cola executive, as its new chief information officer. Polit, 52, who held the same title at Coke's bottling investments group, succeeds Linda Clement-Holmes, 55, who is retiring after 34 years with the Cincinnati-based consumer giant. Polit will assume responsibility for P&G's information technology functions.
 UMB Financial agrees to sell Scout mutual fund business
The Kansas City Star, April 20, 2017 Thursday

 Kansas City-based UMB Financial has agreed to sell its Scout mutual fund operations that have struggled in recent years to retain and attract investors. Carillon Tower Advisers, which is part of Raymond James Financial, is paying $172.5 million for Scout Investments Inc., which manages $27.3 billion in customers' assets. It had managed $31.2 billion at the end of 2014.
 Unilever Buys Sir Kensington's, Condiments Maker
The New York Times, April 21, 2017 Friday

 Unilever, the giant food and consumer product company, is buying Sir Kensington's, a small condiment maker that has muscled its way on to grocery store shelves long thought impervious to disruption. It is the first acquisition Unilever has made since it fended off a $143 billion takeover offer from the Kraft Heinz Company in February. In the intervening months, Unilever has announced that it is selling its spread business, which includes brands like Country Crock and I Can't Believe It's Not...
 Dow says pesticide studies flawed; The chemical firm is pushing the Trump administration to scrap the findings.
Los Angeles Times, April 21, 2017 Friday

 Dow Chemical Co. is pushing the Trump administration to scrap the findings of federal scientists who point to a family of widely used pesticides as harmful to about 1,800 critically threatened or endangered species. Lawyers representing Dow -- whose chief executive also heads a White House manufacturing working group -- and two other makers of organophosphates sent letters last week to the heads of three Cabinet agencies. The companies asked them "to set aside" the results of government studies...
 BUSINESS BEAT; Tesla issues recall over parking brakes
Los Angeles Times, April 21, 2017 Friday

 Because of a parking brake that might stick and render a car immobile, Tesla Inc. has issued a voluntary recall for certain Model S and Model X luxury electric cars.
 Factory seized, GM quits crisis-ridden Venezuela
Los Angeles Times, April 21, 2017 Friday

 General Motors has become the latest multinational company to pull out of Venezuela after it says government authorities illegally seized its plant there this week. In a statement released Thursday, the company said its factory had been "unexpectedly taken by the public authorities, preventing normal operation." The company, which said its vehicles were also seized, vowed to take legal action amid a deepening political and economic crisis in the oil-rich South American nation. The car...
 Stock market stays strong; investors shrugging off world of worry
USA TODAY, April 20, 2017 Thursday

 If you look at how the stock market has behaved lately, it's as if investors haven't been watching the unsettling events unfolding on the news. By any measure, so-called "headline risk," largely in the form of anxiety-provoking news from around the globe, has been on the rise. There was the U.S. missile strike in Syria, the megabomb America dropped on ISIS in Afghanistan and President Trump's war of words with North Korea.
 Wristband sensors to track 10,000 Americans; Data will be compiled over years, used to study deadly diseases
USA TODAY, April 20, 2017 Thursday

 Diseases like cancer and heart disease don't develop overnight, and scientists understand little about someone's progress from health to disease. But a new study aims to shed light on the age-old mystery.
 A telepathy prototype; Facebook says it's working on ...
USA TODAY, April 20, 2017 Thursday

 There's mind-blowing technology, and then there's brain-computer technologies. Facebook's "direct brain interface," the latest creation from the company's secretive Building 8 division, could take tech-enhanced communication to the next level -- a form of telepathy in which humans communicate using only their minds.
 Abbott: No change on device release date
Star Tribune (Minneapolis, MN), April 20, 2017 Thursday

 The chief executive at Abbott Laboratories said Wednesday he's not ready to predict if recent action by federal regulators at the company's St. Jude Medical business in Little Canada will slow approval for a key product. St. Jude Medical has been losing share in the market for implantable cardiac defibrillators (ICD) because its heart devices have lacked technology to make them compatible with MRI scans.
    

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