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December 1, 2016 10:17 AM Trump Treasury pick made millions after his bank foreclosed on homeowners

Steven Mnuchin's OneWest filed to take a 90-year-old woman's house after a 27-cent payment error. Donald Trump wasn’t the only person to see opportunity in the 2008 housing collapse. As the economy recovered from the rubble of failed banks, foreclosed homes and government bailouts, Steven Mnuchin emerged a winner. That success is coming back to haunt 42

November 30, 2016 5:05 PM Goldman Sachs poised for return to power in Trump White House

After a decade in the wilderness, Wall Street’s most powerful firm, Goldman Sachs, is dominating the early days of the incoming Trump administration. The newly picked Treasury Secretary, Steven Mnuchin, spent 17 years at Goldman. Trump’s top incoming White House adviser, Steve Bannon, spent his early career at the bank. So did Anthony Scaramucci, one of Trump’s 56

November 30, 2016 4:22 PM Iman Shumpert on Phil Jackson: 'He always got a comment'

NBA players often seem to easily say that trades are all part of the business and basketball is a business, but when it came to New York trading J.R. Smith and Iman Shumpert to the Cavaliers as part of a three-team deal in 2015, Smith and Shumpert have never been shy about talking about how much it hurt their feelings. So in a very good interview with Complex 36

November 30, 2016 12:53 PM How Trump can keep his company

As conflicts mount, the president-elect hears out alternatives to an outright sale of his business empire. Time is running out for Donald Trump to get away from his entangling business interests, and he finally signaled Wednesday morning he’ll try to avoid his administration being mired in endless scandal. Turning to his preferred medium for making news, the president-elect 57

November 30, 2016 12:25 AM Trump to pick billionaire Wilbur Ross as Commerce secretary

President-elect Donald Trump is expected Wednesday to nominate billionaire private-equity investor Wilbur Ross to be his Commerce secretary as part of his roll-out of his economic team. Trump will pair the news with the announcement that he has tapped former Goldman Sachs executive Steve Mnuchin as Treasury secretary. Ross, the 78-year-old founder of the private 50

November 29, 2016 10:19 PM REFILE-UPDATE 1-Baker Hughes to form fracturing JV with Goldman Sachs, CSL Capital

Nov 29 Baker Hughes Inc said it has reached an agreement with CSL Capital Management and Goldman Sachs Group Inc's merchant banking division to create a hydraulic fracturing company in which Baker Hughes will own a 46.7 percent stake. Under terms of the agreement, oilfield services provider Baker Hughes will contribute its North American land cementing 46

November 29, 2016 9:38 PM BMW, VW, Ford, Daimler team up for electric vehicle charging network in Europe

Stations to offer 350 kW charging—far faster than most charging stations today. In a press release today, the automakers said the charging stations would deliver 350 kW over a DC charging network, which is set to “significantly reduce charging time compared to available systems.” For comparison, Tesla’s supercharging stations deliver 120 kW and can fill a Tesla 122

November 29, 2016 12:26 PM What Donald Trump did wrong with his response to Castro’s death

As I read the obituaries and saw reactions to Fidel Castro’s death, I was struck by two things. First, history will judge the U.S. embargo policy a total failure. Suppose its authors had been told nearly 60 years ago that the Berlin Wall will fall. The Iron Curtain will fall. The USSR will break into 15 separate nations. Central Europe will join NATO. Russia 57

November 29, 2016 9:05 AM Russia Eyes Supplying Military Hardware to the Philippines

Russia's ambassador to the Philippines said Tuesday that Moscow is not discussing a military alliance with Manila, but rather a partnership and friendship that would see Russia supply arms and transfer technology to the long-standing U.S. ally. Ambassador Igor Khovaev told a media forum that the two countries' economic and trade commission will start 39

November 29, 2016 12:45 AM North Dakota governor orders evacuation of Standing Rock protest site, but no forcible removals planned

North Dakota Gov. Jack Dalrymple on Monday ordered a mandatory evacuation of protesters seeking to block construction of the Dakota Access pipeline, but both the state and the U.S. Army Corps of Engineers said they have no plans for “forcible removal” of the protesters. The Corps of Engineers earlier had said that it planned to close the camp, led by the Standing 258