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00:28 As Russia consumes Washington, oil companies pulled in

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Business

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  • Toyota president says will continue to make variety of vehicle types

    September 19, 2017 6:00 AM 22

    TOKYO (Reuters) - Toyota Motor Corp (7203.T) President Akio Toyoda on Tuesday said his company would continue to make a variety of vehicle types available to customers, even as tighter global regulations are prompting automakers to develop more electric vehicles. “EVs (electric vehicles) are in focus at the moment but customers and the market will ultimately

  • The Fed, a Decade After the Crisis, Is About to Embark on the Great Unwinding

    September 19, 2017 5:13 AM 20

    After a historic buildup of its bond portfolio to support the U.S. economy, the central bank plans to shrink its holdings, entering uncharted territory WASHINGTON—The Federal Reserve resorted to a series of shock-and-awe stimulus campaigns to stabilize the economy after the financial crisis. Now the Fed is preparing the final move to unwind its support

  • Fox News, Host Hit With Allegation

    September 19, 2017 4:10 AM 18

    Former on-air guest says in lawsuit that she was blacklisted after accusing anchor of rape Scottie Neil Hughes, a former on-air guest on the Fox News Channel and Fox Business Network, alleged in a lawsuit that she was blacklisted by the network and defamed after accusing an anchor of rape and assault. The suit, filed Monday in federal court in New York, stems

  • Medical marijuana shop planned across from Holy Cross in Fort Lauderdale

    September 18, 2017 8:07 PM 13

    Liberty Health Sciences, one of a dozen licensed medical marijuana cultivators and distributors in Florida, announced Monday that it plans to open a retail outlet in Fort Lauderdale. The shop, which is subject to government approvals, is to be located across the street from Holy Cross Hospital at 4500 N. Federal Hwy. Medical marijuana retail outlets

  • Roku Expects IPO to Raise More Than $200 Million

    September 18, 2017 7:36 PM 11

    Planned listing would value the company between $1.1 billion and $1.3 billion Roku Inc. said it expects to raise up to $219 million in its initial public offering, as the maker of streaming-media devices set a price range for its planned listing that would value the company between $1.1 billion and $1.3 billion. The Los Gatos, Calif., company and current

  • Trump’s Trade Czar Calls China a Major Threat to World Trade

    September 18, 2017 7:17 PM 11

    U.S. Trade Representative Robert Lighthizer also sees nothing conclusive yet in Nafta talks WASHINGTON—President Donald Trump’s trade chief on Monday said China represents an “unprecedented” threat to the world trading system, saying its state-driven economic system poses a “substantially more difficult” challenge than in the past. “The sheer scale of their

  • Toys R Us could file for bankruptcy as soon as this week, sources say

    September 18, 2017 3:25 PM 21

    Toys R Us could file for bankruptcy as soon as this week, according to sources familiar with the matter. The sources noted that the bankruptcy plans are not definite, and both its plans to file and its timing could change. A bankruptcy would help simplify a capital structure made complex by its trio of financial owners. Toys R Us was acquired by private

  • Google Offers to Auction off Shopping Ad Spaces to Rivals

    September 18, 2017 2:34 PM 19

    Tech giant would bid against its competitors to display products for sale in the space above its general search results BRUSSELS—Alphabet Inc.’s Google has proposed overhauling its shopping search results so that rivals can bid for space to display products for sale, as part of the tech giant’s efforts to comply with the European Union’s antitrust order

  • Dollar Tree Shuffles Management Ranks, Names Gary Philbin CEO

    September 18, 2017 2:24 PM 22

    Bob Sasser, who had been chief executive since 2004, becomes executive chairman Dollar Tree Inc.’s top ranks are changing as its former leader becomes its executive chairman and a longtime employee takes over as chief executive. Dollar Tree’s new chief executive is Gary Philbin, the company said Monday. Mr. Philbin, 60 years old, has been with the company

  • M.B.A. Applications Decline for Third Year in a Row

    September 18, 2017 2:16 PM 21

    Business schools across the U.S. are struggling to lure young professionals out of a strengthening job market Applications to full-time M.B.A. programs in the U.S. fell for a third straight year, the latest signal that business schools are struggling to entice young professionals out of a strengthening job market. Students saddled with heftier college