Page 1 Created with Sketch. With Andrew Ross Sorkin Supported by APRIL 20, 2018 Continue reading the main story Share This Page Continue reading the main story Good Friday morning. Just in: President Trump criticized OPEC, saying oil prices are “artificially very high.” On this day in 1990, Michael Milken agreed to plead guilty to securities violations. Some links require subscriptions.Why Wells Fargo is about to be punished againWith Wells Fargo about to face a $1 billion fine over misdeeds like forcing customers to buy unnecessary auto insurance, Jim Stewart raises a provocative question: Is this too much punishment?To recap: Wells Fargo has already paid $185 million over its fake accounts scandal and set aside $4.25 billion for liabilities tied to other infractions. And the Fed has prevented the bank from expanding its balance sheet.Yes, the upcoming $1 billion fine is the most stringent bank penalty imposed by … [Read more...] about DealBook Briefing: Wells Fargo Faces Another Huge Fine. Is That Too Much?
Trade offer link steam
Alan Fram and Zeke Miller, Associated Press Updated 4:05 pm, Friday, April 13, 2018 Photo: J. Scott Applewhite, AP Image 1of/1 CaptionClose Image 1 of 1 FILE - In this Feb. 6, 2018, file photo, House Majority Leader Kevin McCarthy, R-Calif., joined at right by Speaker of the House Paul Ryan, R-Wis., talks with reporters at the Capitol in Washington. Ryan is backing McCarthy as his successor. In an interview with NBC’s “Meet the Press,” Ryan says McCarthy is “the right person.” “I think Kevin is the right guy to step up,” Ryan says in the interview that will air Sunday. less FILE - In this Feb. 6, 2018, file photo, House Majority Leader Kevin McCarthy, R-Calif., joined at right by Speaker of the House Paul Ryan, R-Wis., talks with reporters at the Capitol in Washington. Ryan is ... more Photo: J. … [Read more...] about Trump sees ally in possible House leader ‘My Kevin’ McCarthy
Economy Minister Arnaud Montebourg said he had sent a letter of intent to GE head Jeff Immelt laying out the terms of the alliance, chosen over a rival offer from Germany's Siemens and Japan's Mitsubishi Heavy Industries. The firebrand French minister blamed EU competition rules for thwarting a deal with Siemens, accusing Brussels of blocking the creation of European industrial giants. Under the proposal, the French state would take a controlling 20 percent stake in power-to-rail group Alstom by buying two-thirds of the shares owned by French group Bouygues as a show of "patriotic vigilance", Montebourg said. A nuclear and steam unit backed by Paris is also planned, which Montebourg said "ensures the effectiveness, robustness and sustainability of this alliance." Shares in Alstom rose 1.1 percent to close at 28.00 euros in response to the news. Alstom's board will decide whether the group should enter into … [Read more...] about France backs GE bid for industrial jewel Alstom
(TNS)Tribune News ServiceBusiness Budget for Wednesday, May 23, 2018Updated at 9 p.m. EDT (0100 UTC)Adds HEADTAX-AMAZON-STARBUCKS:SE, TRUMP-AUTOWORKERS:DEThis budget is now available at TribuneNewsService.com, with direct links to stories and art. See details at the end of the budget.^TOP STORIES<^Comcast is preparing bid for Fox TV and movie assets, countering Disney's offer<^COMCAST-FOX-1ST-LEDE:LA—<Walt Disney Co. is getting some serious competition in its effort to acquire 21st Century Fox's movie and television assets: Comcast Corp.Comcast confirmed Wednesday that it is in the advanced stages of preparing an all-cash counteroffer that will top Disney's $52.4-billion stock bid. The power play could determine which media company — Disney or Comcast — will end up being the dominant player in Hollywood."While no final decision has been made, at this point the work to finance the all-cash offer and make the key regulatory filings is well advanced," said the … [Read more...] about [BC-MCT-BUSINESS-BJT]
Industrial revolutions are momentous events. By most reckonings, there have been only three. The first was triggered in the 1700s by the commercial steam engine and the mechanical loom. The harnessing of electricity and mass production sparked the second, around the start of the 20th century. The computer set the third in motion after World War II (see “The Man Who Made the Computer Age Possible,” by Jeffrey E. Garten). It might seem too soon to proclaim that the fourth industrial revolution, spurred by interconnected digital technology, has begun. But Henning Kagermann, the head of the German National Academy of Science and Engineering (Acatech), did exactly that in 2011, when he used the term Industrie 4.0 to describe a proposed government-sponsored industrial initiative. When you look closely at the rapid pace of digitization in industry today, the name doesn’t seem hyperbolic at all. It is a signal of sweeping change that is rapidly transforming many … [Read more...] about A Strategist’s Guide to Industry 4.0