Trump Lucky to Inherit Healthier Banking System, Greenwood Says

Donald Trump will enter the White House with the U.S. banking system in far better shape than it was for Barack Obama’s arrival eight years ago, according to Invesco chief economist John Greenwood. With Trump’s inauguration just two weeks away, the U.S. business cycle is in line for several years of expansion as bank lending is growing and activity has normalized, reducing the need for the Federal Reserve to create credit as it did under quantitative easing, Greenwood said Thursday at a news conference in Hong Kong.

The Latest: Investor says he’d sell casino to mayor at $300M

The Latest on Atlantic City Mayor Don Guardian’s call for billionaire investor Carl Icahn to sell the shuttered Trump Taj Mahal casino : Billionaire investor Carl Icahn says he’d be happy to sell Atlantic City’s former Trump Taj Mahal casino – if the city’s mayor bought it. Icahn was responding to comments Wednesday by Republican Mayor Don Guardian, who called on Icahn to sell the casino, make a profit and move on.

Atlantic City mayor urges Icahn to sell ex-Taj Mahal casino

This Oct. 10, 2016 photo shows striking union members picketing outside the Trump Taj Mahal casino in Atlantic City N.J. moments before it shut down. Owner Carl Icahn plans to surrender the casino license for the shuttered facility, and has filed a … deed restriction against the property preventing any future buyer from using it as a casino unless they pay an unspecified fee.

Amazon’s Alexa is officially coming to Ford cars

Ford has teamed up with Amazon to bring Alexa into its cars, the automaker announced at a press dinner at the Consumer Electronics Show in Las Vegas on Wednesday. The integration will let Ford users with SYNC 3 access Alexa, Amazon’s cloud-based voice service, inside the car to do things like check the weather, play audiobooks, add items to shopping lists, and even control Alexa enabled smart home devices.

Alibaba Sues Sellers of Fake Swarovski Watches in Crackdown

Alibaba Group Holding Ltd. sued two vendors it said used the company’s Taobao website to sell counterfeit Swarovski watches, just weeks after the site was labeled a haven for knockoffs by U.S. regulators. The lawsuit is the first legal action taken by an e-commerce site in China against sellers of counterfeit goods and Alibaba seeks 1.4 million yuan in damages, the company said Wednesday in a statement.

Libya Oil-Export Terminal Said to Re-Open as Crude Output Rises

Libya is re-opening its last major oil-export terminal that was shut amid fighting that hobbled output in the country with Africa’s largest crude reserves. The Zawiya terminal is preparing to resume exports after the pipeline supplying it was re-opened, an official at the state-run National Oil Corp. said, asking not to be identified for lack of authorization to speak to news media.

Former Fed board member J. Dewey Daane has died

J. Dewey Daane, a noted expert on monetary policy who was nominated to serve on the Federal Reserve board by President John F. Kennedy, has died. He was 98. His death Tuesday in Nashville was announced by Vanderbilt University where Daane had been a longtime professor at the Vanderbilt Owen Graduate School of Management.

Ex-Hedge Fund Manager Generates 51% Return From Skiers? Paradise

The region of Trondelag is the cradle of Norway’s Winter Olympic dominance, with 14 gold medals over the past two events alone. Now, Jomar Kilnes, a former hedge fund manager who has come home after more than a decade in the Bahamas and the U.S., is showing that delivering outsized investment returns is the area’s real forte.

TRAI to meet CEOs of Airtel, Vodafone, Jio and Idea to discuss roadmap for 2017

In a first-of-its-kind exercise, regulator TRAI is scheduled to meet CEOs of all telecom companies, including Bharti Airtel, Vodafone and Reliance Jio, on Friday to discuss and identify important issues that need to taken up during the year. A similar meeting is slated with top executives of cable and broadcasting companies, multiple-system operators and DTH operators on January 10, TRAI sources said.