She will continue as CEO of the company’s largest business unit, Mediengruppe RTL Deutschland, and a member of the executive board of RTL’s majority shareholder Bertelsmann. Bertelsmann-controlled European TV giant RTL Group said Wednesday that co-CEO Anke Scheferkordt, will leave her current role at her own request, effective April 19. Schaferkordt will continue to be the CEO of the company’s largest business unit, Mediengruppe RTL Deutschland, which she has led since September 2005.
Business Rx: She wants to be a force for good, and much more
This week, a D.C. company that has developed a way to donate money across social networks seeks advice on how to extend into new markets. -Dan Beyers Dale Nirvani Pfeifer spends a lot of time thinking about the power of business as a global force for good.
Ensuring Digital Access for All in 2017
Chairman Ajit Pai and the Federal Communications Commission recently made a big decision: to put an end to investigations into what is known as “free data” or “zero-rating” programs. Though the announcement was met with scorn from some online activists, the announcement was a historic milestone for those of us who have been committed to ensuring all Americans-especially, those in low-income and minority communities-have the critical internet-based tools and resources they need to compete in today’s world.
What you need to know when you inherit a house
My son was left everything by his grandparents in their will. A lawyer had an auction company out to the grandparents’ home without my son’s knowledge.
Strongest Japan Loan Growth Since Bubble Shows Reflation at Work
It’s shaping up to be another good year for lending in Japan, data showed on Wednesday, offering further evidence that — for all its shortfalls — the Abenomics program of reflation continues to make progress. One measure of loans outstanding jumped by 2.9 percent in February from a year before, and has gained at least 2 percent each month since the spring of 2013 — a pace not seen in Bank of Japan records going back to 1992, the year Japan’s land-price bubble popped.
North Korean Banks Barred From Swift Global Messaging System
North Korean banks subject to international sanctions have recently been banned by Swift from using its global financial messaging service, according to a statement from the Belgium-based Society for Worldwide Interbank Financial Telecommunication. Swift said it had recently been informed by Belgian authorities that they would no longer provide the “necessary authorizations” for it to continue offering services to North Korean banks covered by United Nations sanctions.
Emirates Invites Barflies to Pull Up a Seat With A380 Makeover
Flying bars that cater to premium passengers on the world’s biggest fleet of A380 superjumbos are set for a saloon-style upgrade as Gulf carrier Emirates seeks to use the sky-high hangouts to lure affluent travelers. Out will go the semicircular benches on which passengers have perched since Emirates introduced the on-board lounges almost a decade ago, to be replaced by an altogether more comfortable setup featuring a table for four located either side of the counter and below the superjumbo’s windows.
European Stocks Set For Cautious Start; U.K. Budget in Focus
European stocks are expected to start the session with a cautious tone Wednesday as investors await a key budget statement from the U.K. government. European stocks are expected to start the session with a cautious tone Wednesday as investors await a key budget statement from the U.K. government.
WhiteSpace Alliance Predicts United States will Rapidly Move Forward with TV White Space Deployments
The WhiteSpace Alliance , a global industry organization enabling sharing of underutilized spectrum, says that completion of the recent FCC spectrum incentive auction will make the United States a prime market for TV white space deployments. “The completion of the incentive auction will remove regulatory uncertainty and free up more than 80 MHz of spectrum for license-exempt wireless Internet access,” said Dr. Apurva N. Mody, Chairman of WhiteSpace Alliance.
Nikkei Falls For 4th Day Ahead of U.S. Jobs Data
Japan’s Nikkei share average eased slightly for the fourth consecutive session on Wednesday, as investors turned cautious ahead of a U.S. jobs report later in the week. Nintendo Co Ltd however bucked the trend to climb 0.6 percent after Japanese video game news magazine Famitsu reported that a hybrid home console and handheld device that Nintendo released on March 3 sold an estimated 330,637 units in the first three days.
China Shares Dip as Trade Data Shrugged Off
News that China unexpectedly posted a rare trade deficit in February, as imports surged far more than expected, did not have an impact on mainland exchanges. The CSI300 index fell 0.1 percent, to 3,449.45 points at the close, while the Shanghai Composite Index was barely changed at 3,241.18.
US Senate resolution aims to roll back privacy rules for ISPs
A resolution introduced in the U.S. Senate on Tuesday aims to roll back privacy rules for broadband service providers that were approved by the Federal Communications Commission in October. The rules include the requirement that internet service providers like Comcast, AT&T, and Verizon should obtain “opt-in” consent from consumers to use and share sensitive personal information such as geolocation and web browsing history, and also give customers the option to opt out from the sharing of non-sensitive information such as email addresses or service tier information.
WikiLeaks Adds to Samsung Headaches With Claims of Spying TVs
For a company that has been mired in negative headlines for months, just about the last thing Samsung Electronics Co. needed was news its smart TVs could be used to spy on users.
`There’s No Guy?’ Why Women Now Rule Banking in Thailand
As one of four presidents at Thailand’s biggest lender, Kasikornbank Pcl, Kattiya Indaravijaya often conducts interviews for senior positions. The job candidates are impressive.
Adidas Misses Full-Year Earnings But Sounds Upbeat Note for 2017
Adidas posted weaker-than-expected full-year earnings Wednesday but boosted 2017 sales targets and vowed to maintain the sportswear group’s focus on the U.S. market. Adidas AG posted weaker-than-expected full-year earnings Wednesday but boosted 2017 sales targets and vowed to maintain the sportswear group’s focus on the U.S. market.
Sheriff Clarke: The Opioid Epidemic is More Than a Border Issue
Milwaukee County Sheriff David Clarke believes that President Trump’s administration understands the seriousness of the opioid epidemic and also sealing up the southern border. “a they [Congress] are going to have to seal that damm border for domestic security issues, national security issues, the heroin, the drug cartels operating freely across the border is a domestic security issuea it doesn’t matter how many people you deport, they are going to find their way back in,” he told the FOX Business Network’s Lou Dobbs.
Study: Women Prefer Paid Jobs to Housework and Men Agree
Most women around the world would prefer to be working at paid jobs, and nearly as many men agree with them, even in regions with traditionally fewer women in the workforce, according to research released on Tuesday. Only a third of women and men would prefer to see women stay at home, said the report by the U.N. International Labour Organization and U.S. polling organization Gallup Inc. Half of the world’s working age women participate in the labor market, compared with three-quarters of men, the ILO said.
Crude Falls on Expected Supply Build
Oil futures fell in Asian trade on Wednesday after industry data pointed to a potential ninth straight week of inventory builds, renewing concerns about an oversupply of oil despite output curbs by OPEC and non-OPEC members. Brent futures fell 29 cents, or 0.5 percent, to $55.63 as of 0504 GMT after settling down 0.2 percent in the previous session.
Asian Shares Rebound After Upbeat China Data
Asian stocks erased early losses and edged higher on Wednesday as strong China trade data bolstered bets of a recovering global economy, though gains were capped by caution ahead of a widely expected U.S. interest rate hike next week. China’s imports grew 44.7 percent in February from a year earlier on a yuan-denominated basis, accelerating from the previous month and leading to a rare trade deficit for the country.
WikiLeaks claims the CIA built special tools for hacking…
Documents published on Tuesday by WikiLeaks claim to be evidence that the “CIA lost control of the majority of its hacking arsenal.” According to the WikiLeaks files, it appears that the CIA has teams specifically dedicated to breaking into Apple products, including iOS, the software that runs on iPhones and iPads, and even Apple’s line of routers, AirPort .
‘Disingenuous and absurd’: White House slams resurfaced…
The White House on Tuesday shot down resurfaced reports suggesting President Donald Trump met with Russian Ambassador Sergey Kislyak in April, calling the accounts “disingenuous and absurd.” As revisited Tuesday by the liberal-leaning AmericaBlog , a report in the Wall Street Journal last May said Trump and Kislyak interacted at a reception that preceded a foreign-policy speech the then-Republican frontrunner gave at a Washington, DC, hotel.
All 100 senators appeal to Trump administration: Jewish center…
All 100 US Senators signed a letter to Attorney General Jeff Sessions, Homeland Security Secretary John Kelly, and FBI Director James Comey on Tuesday asking for “swift action” over repeated bomb threats against Jewish organizations around the country. The threats have targeted Jewish Community Centers , Jewish Day Schools, synagogues and other buildings affiliated with Jewish institutions over the past several weeks.
Congress Takes Sledgehammer to Broadband Privacy Rules Through Congressional Review Act
Today Senator Jeff Flake introduced a resolution of disapproval under the Congressional Review Act to repeal the broadband privacy rules enacted by the Federal Communications Commission last October. The rules protect consumer privacy by requiring ISPs to seek affirmative consent before using or disclosing their customers’ sensitive information, including web browsing and app usage history, for marketing purposes.
A Wall Street advertising stunt spotlights a push to get more women on boards
State Street Global Advisors and its advertising agency, McCann New York, have put a statue of a defiant girl across from Wall Street’s Charging Bull to draw attention to its efforts to push more companies to put women on boards. Wall Street visitors and tourists will notice a new addition if they’re walking down Broadway in New York this week.
Japan’s Economy Grows 1.2% in Oct-Dec, Below Estimates
Revised data show Japan’s economy expanded at a slower than hoped for 1.2 percent annual pace in the last quarter of 2016. The figure released Wednesday was slightly higher than the preliminary estimate of 1.0 percent annual growth for the world’s No.
CTA Applauds President Trumpa s Decision to Renominate Ajit Pai as FCC Chairman
As the administration implements its executive order to identify unnecessarily burdensome rules and eliminate them, Chairman Pai’s firm adherence to and application of regulatory forbearance will ensure the commission focuses on rules that promote competition, innovation and flexibility. “We look forward to working with Chairman Pai for many years to come to better deliver the anytime/anywhere access that consumers now demand and expand broadband access and digital opportunity to all Americans.
ZTE’s $1.2 Billion Sanctions Settlement Ends Year of U.S. Limbo
ZTE Corp. has agreed to pay as much as $1.2 billion for violating U.S. laws restricting the sale of American technology to Iran, ending a year of uncertainty about its ability to do business in the world’s biggest economy. Its shares surged.
ALA and 170 public interest organizations call on FCC and Congress to …
On the eve of the Senate Commerce Committee’s first Federal Communications Commission Oversight Hearing of 2017, the American Library Association and more than 170 public interest organizations sent a letter to FCC Chairman Ajit Pai and Senate Commerce Committee Chairman John Thune and Ranking Member Bill Nelson calling for the protection of the free and open internet. The letter urges these leaders to support and continue to enforce the 2015 Open Internet Order and to oppose legislative and regulatory actions that would threaten the strong net neutrality rules already in place.
What will be the catalyst for the market’s next move?
Mar. 07, 2017 – 3:48 – Patriarch Organization chairman Eric Schiffer and BGC Partners trader and senior strategist Steve Cortes on the markets and current state of the U.S. economy.
Gundlach Predicts `Old School’ Fed Will Do Sequential Hikes
The Federal Reserve is likely to begin raising rates sequentially as inflation and growth speed up, according to Jeffrey Gundlach, manager of the DoubleLine Total Return Bond Fund. “There’s starting to become a sequential type of Fed pattern,” Gundlach, chief executive officer of Los Angeles-based DoubleLine Capital, said during a webcast Tuesday.
Hundreds of 911 calls in Dallas ona
OCTOBER 21: Customers wait in line to purchase the new T-Mobile G1 phone before the start of a launch party at a T-Mobile store October 21, 2008 in San Francisco, California. T-Mobile launched of its much anticipated G1 phone in San Francisco, the night before it hits stores nationwide.
Wanted at Wells Fargo: Three New Deputies to Run Retail Bank
Wells Fargo & Co. community banking head Mary Mack is seeking three new deputies and shaking up regional leadership of the division she inherited after a bogus-account scandal.
WikiLeaks Says It Has CIA Spy Tools as McCain Cites Dangers
The Central Intelligence Agency’s hackers have developed tools letting them break into devices to monitor conversations and messages, according to documents released by WikiLeaks that — if true — could expose U.S. operations in countries from North Korea to Iran. “If they can hack into the CIA they can hack into anyone,” Republican Senator John McCain, chairman of the Senate Armed Services Committee, said of WikiLeaks.
The Federal Reserve should give Wall Street a shock
Sebastian Mallaby, author of “The Man Who Knew: The Life & Times of Alan Greenspan,” is the Paul A. Volcker senior fellow for international economics at the Council on Foreign Relations and a contributing columnist for The Post. Prudence and predictability are not exactly plentiful in President Trump’s Washington.
Net neutrality worth saving, say 170 groups in open letter – CNET
A letter signed by the ACLU and the Electronic Frontier Foundation says the rules have made the internet “the engine of opportunity it is today.” The Republican-led Federal Communications Commission isn’t a fan of net neutrality, but that isn’t deterring advocates’ efforts toward preservation the rules.
Overnight Tech: Trump nominates FCC chief to new term | WikiLeaks…
TRUMP TAPS PAI FOR ANOTHER TERM: President Trump has renominated Federal Communications Commission Chairman Ajit Pai to a new five-year term, a Senate aide told The Hill. The White House submitted the necessary paperwork on Tuesday, the source said, one day after Pai met with the president.
Ajit Pai Has Been Nominated By President Trump For A Second Term At FCC
President Donald Trump has nominated Ajit Pai, the current chairman of the Federal Communications Commission, for a second term on the commission. President Donald Trump nominated current Federal Communications Chairman Ajit Pai for a second five-year term at the commission, according to a report from Axios .
Trump Set to Roll Back Federal Fuel-Economy Requirements
In this Jan. 18, 2017, file photo, Environmental Protection Agency Administrator-designate, Oklahoma Attorney General Scott Pruitt testifies on Capitol Hill in Washington at his confirmation hearing before the Senate Environment and Public … Works Committee. On inauguration eve, five law professors filed a brief in support of a 2015 regulation giving EPA and the Army Corps of Engineers discretion to regulate tributaries and wetlands far upstream from navigable lakes and rivers to protect water quality.
Commerce Secretary Ross: We’ve Been in a Trade War for a Long Time
U.S. Commerce Secretary Wilbur Ross on Trump's meeting with AFL-CIO President Richard Trumka, the administration's concern with the U.S. trade deficit, and fake news. Chinese telecom equipment maker ZTE Corp. plead guilty and agreed to pay $1.19 billion in penalties for breaking sanctions and selling U.S. manufactured goods to Iran and North Korea, U.S. officials announced Tuesday.
Wall Street’s reaction to Trump’s promise of tax cuts
Mar. 07, 2017 – 2:40 – Former Wall Street banker and ‘Why Wall Street Matters’ author William Cohan and Kestra Private Wealth Services CEO Rob Bartenstein on Trump’s promise to cut taxes and what it means for Wall Street.