Business

Business

This year's Mother's Day looks like it will be one of the best ever

(c) 2018, The Washington Post. Looks like there will be two very happy groups come May 13 - moms . . . and merchants. That’s because a recent survey of more than 7,500 consumers conducted by the National Retail Federation and Prosper Insights & Analytics is forecasting a near-record $23.1 billion...


Business

Sen. Klobuchar presses Honda on efforts to track down deadly Takata air bags

(c) 2018, The Washington Post. WASHINGTON - A U.S. senator who heard testimony last month on the recall of Takata automotive air bags, which have sprayed shrapnel that has killed 22 people and injured hundreds more, is continuing to put pressure on Honda Motor Co. about its efforts to track down...


Business

A 48,000 percent return on a painting may be Illinois' best investment

(c) 2018, Bloomberg. Art may not save the world, but it could help a municipal authority in Illinois. The Metropolitan Pier and Exposition Authority voted Tuesday to sell a painting by Chicago artist Kerry James Marshall, estimated at $8 million to $12 million, at a Sotheby’s auction next month....


Business

High-flying home prices seen getting another jolt

(c) 2018, Bloomberg. The U.S. housing market’s storyline for the last several years has been one of steady demand and limited supply, pushing prices ever higher. Now, a new chapter has opened up for the industry and its customers: soaring costs for building materials. Reports on Tuesday underscored...


Business

Finland has done everything right, but the euro is still making it permanently poorer

(c) 2018, The Washington Post. There are three kinds of countries that have been hurt by the euro: Ones that did everything wrong, ones that did everything right and all the rest in between. That first group has gotten the most attention because they’ve done the worst economically and have been the...


Business

BofA says 151 employees were affected by mass shootings in U.S.

(c) 2018, Bloomberg. Bank of America’s new policy denying loans and other services to certain gun makers came after dozens of employees lost family members or suffered other trauma related to mass shootings in the past few years. “This comes from our teammates saying we have to help,” Chief...


Business

LendingClub drops as FTC calls `no hidden fees' slogan deceptive

(c) 2018, Bloomberg. LendingClub Corp., once the Wall Street darling of online lenders, tumbled to a record low after U.S. regulators accused it of misleading consumers with hidden fees and charging borrowers even when they paid off loans. The Federal Trade Commission said in a complaint Wednesday...


Business

Boeing's gain leads Dow as forecast boost eases trade-war alarms

(c) 2018, Bloomberg. Boeing is restoring at least a little confidence in the outlook for U.S. industrial companies. The planemaker smashed profit estimates and boosted its forecast for cash and earnings, pushing shares to the biggest gain on the Dow Jones Industrial Average. The strong performance...


Business

Mulvaney discloses 'hierarchy' for meeting lobbyists, saying some would be seen only if

(c) 2018, The Washington Post. WASHINGTON - Mick Mulvaney, interim head of the Consumer Financial Protection Bureau, told banking executives Tuesday that as a South Carolina congressman he always met with constituents. But he never met with out-of-town lobbyists, he said, unless they gave him...


Business

The $18 billion rent bill: Inside WeWork's sprawling empire

(c) 2018, Bloomberg. WeWork Cos. is tapping the bond market for the first time and in doing so, has provided a rare glimpse into the startling numbers behind its breakneck expansion. The co-working company, which is seeking $500 million to finance yet more growth, has amassed a global portfolio of...


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