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Monthly Archives: February 2018

$1.76 billion loss in fourth quarter

Kai Pfaffenbach | Reuters 2016A statue is seen next to the logo of Germany’s Deutsche Bank in Frankfurt, Germany. German lender Deutsche Bank posted a net loss of 2.2 billion euros ($1.76 billion) in the fourth quarter of 2017 — worse than the net loss of 1.25 billion euros that …

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Donald Trump makes the US freer: Heritage Foundation

Leah Millis | Reuters President Donald Trump delivers his State of the Union address to a joint session of the U.S. Congress on Capitol Hill in Washington, U.S. January 30, 2018. The U.S. ranked 18th in a 2018 index of global economic freedoms by conservative think tank The Heritage Foundation …

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Bank of Japan offers ‘unlimited’ bond buying to curb rising yields

Kim Kyung-Hoon | Reuters Bank of Japan (BOJ) Governor Haruhiko Kuroda gestures during a news conference at the BOJ headquarters in Tokyo, Japan November 1, 2016. Heavy buying of JGBs raises the price of bonds to force down their yield, an essential element of the BOJ’s ultra-loose yield curve control …

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China to create international courts for Belt and Road disputes

LAKRUWAN WANNIARACHCHI/AFP/Getty Images Sri Lanka, January 2 2018: A Chinese-funded $1.4 billion land reclamation project next to Colombo’s main sea port Multi-jurisdictional dealings between Chinese entities and their emerging market counterparts can pose immense regulatory challenges, especially in the realms of financing and execution. To address trade and investment disputes …

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Fidel Castro son commits suicide, state-run media says

Joe Raedle | Getty Images Fidel Castro Diaz-Balart, the son of the late Cuban revolutionary leader Fidel Castro. The son of late Cuban revolutionary leader Fidel Castro, Fidel Castro Diaz-Balart, committed suicide on Thursday after being treated for months for depression, Cuban state-run media reported. “Diaz-Balart, who had been attended …

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Justice Department requests more information on CVS-Aetna merger

Cameron Costa | CNBC Larry Merlo, CEO of CVS and Mark Bertolini, CEO of AETNA appear on Squawk Box on Dec. 4th, 2017. Trump administration regulators are not ready to sign off on CVS Health’s $69 billion deal to acquire Aetna. The Department of Justice asked the firms to provide …

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UPenn to remove Steve Wynn’s name from outdoor plaza, revoke his honorary degree

Jessica Rinaldi | The Boston Globe | Getty Images Steve Wynn shows off the plans for a planned casino in Everett during a press conference on March 15, 2016. The University of Pennsylvania moved Thursday to sever its ties to Wynn Resorts CEO Steve Wynn, removing the billionaire’s name from …

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Group will make high drug prices issue in 2018 elections

Bill Clark | CQ Roll Call | Getty Images Sen. Bernie Sanders, I-Vt., flanked by Sen. Cory Booker, D-N.J., Sen. Bob Casey, Jr., D-Pa., Rep. Elijah Cummings, D-Md., Rep. Lloyd Doggett, D-Texas, and Sen. Angus King, I-Maine, speaks during a news conference on legislation that will allow for drug importation …

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How much money does Apple have?

Getty Images A customer purchases the new iPhone X at an Apple store on November 3, 2017 in Palo Alto, California. Apple’s cash reserves hit $285.1 billion in the quarter ending in December, a record, reflecting the company’s move to high-priced handsets and new tax regulations. That’s compared to $268.9 …

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Apple sold 77.3 million iPhones in December quarter

Justin Sullivan | Getty Images Apple CEO Tim Cook (L) takes a picture with David Casarez (R) who just purchased the new iPhone X at an Apple Store on November 3, 2017 in Palo Alto, California. Apple’s earnings are out and the company said it sold 77.3 million iPhones during …

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