Thursday, December 31, 2015

Ackman Sheds Some Valeant Shares by PETER EAVIS


By PETER EAVIS

William Ackman’s hedge fund said in a regulatory filing that its stake was now 8.5 percent, down from 9.9 percent, of the drug company that has been drawing fire on several fronts.

Published: January 1, 2016 at 12:00AM

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Justice in Taxes, Most Likely Short-Lived by NOAM SCHEIBER


By NOAM SCHEIBER

The average tax rate for America’s top 400 income earners rose in 2013, but tax analysts said the tax structure still overwhelmingly favors the very well-off.

Published: January 1, 2016 at 12:00AM

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A Roller Coaster Year Ends With U.S. Markets Mostly Down by PETER EAVIS


By PETER EAVIS

A three-year rally is followed by a lackluster performance in 2015 but, given the year’s headwinds, it could have been worse.

Published: January 1, 2016 at 12:00AM

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BTG Pactual Sells Distressed Debt Unit to Itau Unibanco by VINOD SREEHARSHA


By VINOD SREEHARSHA

The investment firm is on an aggressive campaign to sell assets after the arrest of its founder and former chief, André Esteves.

Published: January 1, 2016 at 12:00AM

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A Recovering but Changed Auto Industry by Unknown Author


By Unknown Author

United States automakers have emerged from their worst crisis in a generation, but they have lost much along the way.

Published: December 31, 2015 at 12:00AM

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George Lucas Criticizes Latest ‘Star Wars’ Installment by LIAM STACK


By LIAM STACK

In an interview released online this week, Mr. Lucas jokingly compared Disney, which bought the rights to the franchise in 2012, to “white slavers” who had bought his children.

Published: December 31, 2015 at 12:00AM

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Jobless Claims Rise, Showing Some Weakness in Hiring by REUTERS


By REUTERS

More Americans requested unemployment benefits last week, but the unemployment level remains near a 42-year low.

Published: January 1, 2016 at 12:00AM

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New Year’s Partying? Prepare to Pay by RACHEL ABRAMS


By RACHEL ABRAMS

Surge pricing is in effect on everything from breadsticks to bar stools as restaurants and nightclubs get ready for New Year’s Eve.

Published: January 1, 2016 at 12:00AM

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BBC Websites Said to Be Target of Online Attack by MARK SCOTT


By MARK SCOTT

The company’s websites and popular video-on-demand service were offline for roughly three hours; the BBC’s television and radio stations were not affected.

Published: January 1, 2016 at 12:00AM

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After a Tumultuous Year for Investors, the Experts Look Ahead by JAMES B. STEWART


By JAMES B. STEWART

Turning to some of 2015’s most successful investors and analysts for an annual look at what to expect next year.

Published: January 1, 2016 at 12:00AM

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Wall St. Is Down as Year Nears End by THE ASSOCIATED PRESS


By THE ASSOCIATED PRESS

Energy and materials stocks, which have been battered recently as commodities prices sank, fared slightly better than the rest of the market.

Published: January 1, 2016 at 12:00AM

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Britain to Review How Airport Shops Collect Sales Tax by MARK SCOTT


By MARK SCOTT

The investigation was announced after several retailers were accused of not passing along savings to consumers who bought items at major hubs including Heathrow Airport.

Published: January 1, 2016 at 12:00AM

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Wednesday, December 30, 2015

Cosby’s Take on Sex Encounter Differs Starkly From Accuser’s by COLIN MOYNIHAN and GRAHAM BOWLEY


By COLIN MOYNIHAN and GRAHAM BOWLEY

In a deposition, Bill Cosby recalled a consensual sexual encounter with Andrea Constand. She says she was “paralyzed” and lost consciousness.

Published: December 31, 2015 at 12:00AM

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Edward Hugh, Economist Who Foresaw Eurozone’s Struggles, Dies at 67 by LANDON THOMAS Jr.


By LANDON THOMAS Jr.

Mr. Hugh’s blog, which pointed out flaws at the root of Europe’s ambition to bind together disparate economies with a single currency, attracted a wide following.

Published: December 31, 2015 at 12:00AM

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Sidecar, a Pioneer of Ride-Hailing, to Stop Services by THE ASSOCIATED PRESS


By THE ASSOCIATED PRESS

Sidecar, a delivery and ride-hailing pioneer that has struggled to compete with bigger rivals like Uber and Lyft, said it would stop offering services.

Published: December 31, 2015 at 12:00AM

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Pending U.S. Home Sales Declined Again in November by REUTERS


By REUTERS

Contracts to buy previously owned homes fell in November for the third time in four months, a signal that growth in the housing market could be cooling.

Published: December 31, 2015 at 12:00AM

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Fox News Holds Its Lead in a Year of Growth for Cable News by JOHN KOBLIN


By JOHN KOBLIN

In 2015, for the 14th consecutive year, Fox News led in total viewers and in viewers 25 to 54, but CNN and MSNBC also showed gains.

Published: December 31, 2015 at 12:00AM

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Jamie Dimon of JPMorgan Still Strong After 10 Years as Chief by ANTONY CURRIE


By ANTONY CURRIE

Mr. Dimon put the bank in a good position to avoid the worst of the financial crisis and to weather its aftermath.

Published: December 31, 2015 at 12:00AM

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Shell Opens Natural Gas Wells Off Irish Coast by STANLEY REED


By STANLEY REED

Opening the taps in the Corrib field is a breakthrough for the oil and gas industry in Ireland, which had mostly disappointing results in recent years.

Published: December 31, 2015 at 12:00AM

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Puerto Rico Says It Will Default on Some Bonds by MARY WILLIAMS WALSH


By MARY WILLIAMS WALSH

The territory’s governor said the island’s total bond default was roughly $163 million because he had “clawed back” money from a variety of bonds.

Published: December 31, 2015 at 12:00AM

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KaloBios Files for Chapter 11 Bankruptcy by RACHEL ABRAMS


By RACHEL ABRAMS

The drug maker, which ousted Martin Shkreli this month, listed about $8.4 million in assets and close to $2 million in debt.

Published: December 31, 2015 at 12:00AM

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Icahn Wins Bidding War for Pep Boys by LIZ MOYER


By LIZ MOYER

Outbidding Bridgestone, Icahn Enterprises announced that it would buy Pep Boys in an all-cash deal for $18.50 a share, or roughly $1 billion.

Published: December 31, 2015 at 12:00AM

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Ann Cairns of MasterCard: The Art and Science of Team Chemistry by ADAM BRYANT


By ADAM BRYANT

Ms. Cairns, the president of international markets at MasterCard, says building an effective team requires fostering mutual respect so people feel comfortable challenging each other.

Published: January 3, 2016 at 12:00AM

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Criminal Complaint Against Bill Cosby by Unknown Author


By Unknown Author

The authorities in Montgomery County, Pa., announced on Wednesday that Mr. Cosby faced a felony charge of aggravated indecent assault stemming from a 2004 episode.

Published: December 30, 2015 at 12:00AM

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Wall St. Dragged Down by Declines in Energy Stocks by THE ASSOCIATED PRESS


By THE ASSOCIATED PRESS

Markets in the United States and Europe turned lower as investors grew cautious about another drop in oil prices.

Published: December 31, 2015 at 12:00AM

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