Business news

• An Alternative Rising Rate ETF Play for Income Investors

  09-12-2016 23:56 via feeds.foxbusiness.com
  
  As many try to position their investment portfolios for a rising interest rate environment ahead, income-minded investors may look to business development companies and related exchange traded funds. For example, the VanEck Vectors BDC Income ETF (NYSEArca: BIZD) tries to reflect the performance of the MVIS US Business Development Companies Index, which includes publicly traded…
  
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• Why InvenSense, Stillwater Mining, and Flowers Foods Jumped Today

  09-12-2016 23:50 via feeds.foxbusiness.com
  
  These stocks climbed on yet another record-setting day for the market. Find out why.
  
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• How Safe Is Your 403(b)?

  09-12-2016 23:49 via feeds.foxbusiness.com
  
  403(b) plans are not as risky as you may think. They can serve retirement savers well, but they're not without possible problems. Learn more about your investment options within your plan and be sure to choose low-fee investments that are likely to deliver growth
  
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• Major New York markets hit second consecutive day of record highs

  09-12-2016 23:28 via cbc.ca
  
  Major New York indexes hit a second consecutive day of record highs, while the Toronto stock market inched up to continue a six-day rise.
  
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• J. Crew makes preparations for possible debt restructuring: sources

  09-12-2016 23:16 via news.yahoo.com
  
  A debt restructuring would underscore the challenges the company has faced since it was acquired by private equity firms TPG Capital LP and Leonard Green & Partners LP in a $3 billion leveraged buyout in 2011. J. Crew has struggled as many shoppers have shunned malls and turned to internet shopping. As part of its preparations for negotiating with its creditors, J. Crew is planning to move the rights to its iconic brand into a separate subsidiary, the people said.
  
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• Oil edges up about 1 percent on optimism over non-OPEC output cuts

  09-12-2016 23:10 via news.yahoo.com
  
  By Devika Krishna Kumar NEW YORK (Reuters) - Oil prices rose about 1 percent on Friday on hopes that non-OPEC producers meeting in Vienna over the weekend would agree to output restrictions following limits OPEC announced last week to curb an oil glut. Both Brent and U.S crude futures, however, notched their first weekly loss in four weeks. A strong U.S. ...
  
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• 'My stomach dropped': Artist discovers 'stolen' work on shirts being sold at Winners

  09-12-2016 22:56 via cbc.ca
  
  Artist Jody Edwards couldn't believe her eyes when she walked into her local Winners and saw a rack full of shirts with her artwork on them. She later discovered that even though the tops were being sold at big department stores across the country, she'll likely never get cent from those sales.
  
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• Hawkish Fed a potential speed bump for stock bulls

  09-12-2016 22:33 via news.yahoo.com
  
  Next week's Federal Reserve meeting and possible signals on the pace of rate hikes for next year could pose the biggest risk yet to the rally the U.S. stock market has seen since last month's presidential election. While investors have long anticipated the Fed will raise rates at the Dec. 13-14 meeting - in what would be its first such move in a year and second in nearly a decade - the worry for some stock investors is that the Fed takes a more aggressive stance on inflation and future hikes. St
  
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• Record-setting rally pushes on as S&P ends week up 3 percent

  09-12-2016 22:29 via news.yahoo.com
  
  Major U.S. stock indexes powered to another day of fresh record highs on Friday, with the S&P 500 ending the week up 3 percent, as investors bid up shares in sectors that have lagged in the month-long rally since Donald Trump's presidential election. The benchmark S&P 500 registered a record high for the third straight session, while the Dow and Nasdaq also hit new highs. The Dow recorded a fifth straight week of gains.
  
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• U.S. agency concerned about destroyed, lost phones in VW probe

  09-12-2016 22:19 via news.yahoo.com
  
  A U.S. agency involved in settlement talks with Volkswagen AG over its diesel emissions scandal has raised concerns about nearly two dozen mobile phones destroyed or lost by the German carmaker. The Federal Trade Commission said in a court filing dated Thursday there were 23 lost or broken mobile phones the FTC was not able to access, the agency said in the filing with the U.S. District Court in San Francisco. In November, the FTC said in court documents that it has been investigating since Marc
  
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• The best books to give Apple fans in 2016

  09-12-2016 22:17 via techrepublic.com
  
  Looking for a thoughtful gift for an Apple professional in your life? Look no further than one of this season's recommended Apple-related books.
  
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• Alberta drilling rights auctions deliver lowest payoff in 39 years

  09-12-2016 22:03 via cbc.ca
  
  Sales of Crown drilling rights in Alberta have fallen to $137 million — the poorest showing since the province adopted its current auction system back in 1977, and worse than the previous low of $149 million in 1992.
  
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• Trump to name Goldman executive Cohn to key economic post

  09-12-2016 21:34 via news.yahoo.com
  
  By Steve Holland BATON ROUGE, La. (Reuters) - U.S. President-elect Donald Trump will likely ask a senior Goldman Sachs banker to coordinate economic policy across his administration, turning again to Wall Street for expertise in managing the world's largest economy, a transition official said on Friday. Trump's pick of Goldman President Gary Cohn, 56, to head the White House National Economic Council comes despite Trump's past criticism of the financial sector's power. Trump hammered Goldman and
  
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• Digital advertising poised for growth next year even as traditional revenues crumble

  09-12-2016 21:29 via cbc.ca
  
  Digital advertising will continue to outstrip other media forms this year and next when it comes to bringing in ad dollars, according to a new forecast from media buying company GroupM.
  
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• U.S. raises concerns on destroyed VW phones

  09-12-2016 21:08 via news.yahoo.com
  
  By Diane Bartz WASHINGTON (Reuters) - A U.S. agency involved in settlement talks with Volkswagen AG over its diesel emissions scandal raised concerns about nearly two dozen mobile phones destroyed or lost by the German carmaker. The Federal Trade Commission said in a court filing dated Thursday there were 23 lost or broken mobile phones the FTC was not able to access, the agency said in the filing with the U.S. District Court in San Francisco. In November, the FTC said in court documents that it
  
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• U.S. government seeks to speed up Takata air bag replacements

  09-12-2016 20:45 via news.yahoo.com
  
  (Reuters) - The U.S. Department of Transportation on Friday said it will press the auto industry to accelerate the pace of replacements for defective Takata Corp air bag inflators and signaled a likely widening of the industry's largest ever recall. U.S. officials now say at least 184 people have been injured in incidents involving potentially deadly Takata air bags. On a conference call with reporters, the department said the Takata recall would eventually include about 42 million U.S. vehicles
  
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• PS4 Vs. Xbox One: Sony Sales Reportedly Beat Microsoft In November

  09-12-2016 20:45 via ibtimes.com
  
  Sony’s PlayStation 4 beatXbox One sales in the U.S. during November, according to market research firm NPD. The NPD Group’s monthly sales report won’t be released to the public until next week, but a Sony spokesperson confirmed the news withGameSpot. The spokesperson didn’t reveal specific numbers.
  
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• Jennifer Lawrence Apologizes To Internet And ‘Hawaiian People’ After Joke About Sacred Rocks

  09-12-2016 20:38 via ibtimes.com
  
  “Hunger Games” star Jennifer Lawrence could do no wrong in the eyes of most people—until she joked about sitting on sacred rocks in Hawaii. The actress, who was promoting her new film “Passengers” when she made the gaffe, took to Facebook Friday to issue her mea culpa. 
  
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• Trump packs trade team with veterans of steel wars with China

  09-12-2016 20:29 via news.yahoo.com
  
  By David Lawder WASHINGTON (Reuters) - President-elect Donald Trump is stacking his trade transition team with veterans of the U.S. steel industry's battles with China, signaling a potentially more aggressive approach to U.S. complaints of unfair Chinese subsidies for its exports and barriers to imports. Led by Wilbur Ross, a billionaire steel investor and Trump's nominee for commerce secretary, Dan DiMicco, the former CEO of steelmaker Nucor Corp , and three veteran steel trade lawyers, the tea
  
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• Michigan Vote Recount Update: Did Broken Poll Machines Take Votes Away From Hillary Clinton In The 2016 Election?

  09-12-2016 20:11 via ibtimes.com
  
  A crucial county in Michigan that is home to one of the state’s largest African American populations may derail the voter recount efforts in the state.
  
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• Murdoch's Twenty-First Century Fox bids $14 billion for UK's Sky

  09-12-2016 20:06 via news.yahoo.com
  
  By Jessica Toonkel and Kate Holton NEW YORK/LONDON (Reuters) - Rupert Murdoch's Twenty-First Century Fox Inc has proposed buying the 61 percent of British pay-TV firm Sky Plc it does not already own for around $14 billion, five years after a political scandal scuppered a previous bid. The plan is conditionally backed by Sky's independent directors and would strengthen the position of James Murdoch - who is both chief executive of Fox and chairman of Sky - in his 85-year-old father's media empire
  
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• Samsung wants to deactivate all Galaxy Note7s; Verizon says 'no'

  09-12-2016 20:01 via techrepublic.com
  
  Samsung is set to release an update that brick all remaining Galaxy Note7 devices in the US, further prompting users to return them. Verizon is refusing to push the update.
  
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• Trump to name Goldman executive to key economic post: reports

  09-12-2016 19:58 via news.yahoo.com
  
  WASHINGTON/NEW YORK (Reuters) - U.S. President-elect Donald Trump on Friday was expected to name a senior Goldman Sachs banker to coordinate economic policy across his administration, turning again to Wall Street for expertise in managing the world's largest economy. Trump's pick of Gary Cohn, 56, the firm's president and chief operating officer, to head his White House National Economic Council, reported by NBC and other media outlets, comes despite Trump's past criticism of Wall Street's power
  
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• Coke CEO Muhtar Kent hands reins to Quincey in widely expected move

  09-12-2016 19:58 via news.yahoo.com
  
  Coca-Cola Co said on Friday that Muhtar Kent would step aside as chief executive next year and be replaced by James Quincey, a company veteran credited with several recent changes to help the company cut its dependence on sugary drinks. Quincey's ascension was widely expected since he became chief operating officer in August 2015 after jobs that included running Coke's businesses in Europe and Mexico over two decades. Kent, 64, will have completed nine years at the helm when he steps down in May
  
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• Android 7.1.1 Features: Sony Vying To Be First OEM To Release Latest Nougat Version

  09-12-2016 19:58 via ibtimes.com
  
  Several Android manufacturers are doing what they can to get their devices updated to the latest Android Nougat as quickly as possible. Manufacturers includingHTC and Huawei have already begun updating devices to Android 7.0 Nougat; however, Sony has now set out to be the first non-Google brand to update its devices to Android 7.1.1 Nougat.
  
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• Apple AirPods Release Date Delayed Because Audio Not Syncing Between Wireless Headphones

  09-12-2016 19:45 via ibtimes.com
  
  The reason Apple’s AirPods release date has been delayed has finally been revealed in a recentWall Street Journal report.
  Apple is apparently having trouble syncing audio between the two separate wireless earphones, a source familiar with the development of the AirPods told theJournal. The company is struggling with the wireless connection between the left and right pieces.
  
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• Office-Themed Gift Guide 2016: 13 Ideas To Take Your Anyone’s Work Space To The Next Level

  09-12-2016 19:42 via ibtimes.com
  
  Secret Santa is an age old holiday tradition in which participating parties pick names at random and purchase that person a gift. It’s something many offices around the country participate in and many office workers dread.
  
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• 'Super Mario Run' Release Date News: iOS Game Won’t Work Offline, Miyamoto Says

  09-12-2016 19:22 via ibtimes.com
  
  Super Mario Rundoesn’t launch on theApp Store until Dec. 15, but when it’s available for download, you’ll need to make sure you have a constant internet connection.
  
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• Facebook CEO Mark Zuckerberg Interested In Going into Government, Lawsuit Reveals

  09-12-2016 19:13 via ibtimes.com
  
  Facebook founder and CEO Mark Zuckerberg has thought about going into government, according to legal documentsobtained by Bloomberg. 
  
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• Health, tech stocks extend Wall Street record-setting rally

  09-12-2016 19:04 via news.yahoo.com
  
  The three main U.S. stock indexes have hit a series of record highs as investors piled into sectors such as banks and industrials, betting that President-elect Donald Trump would usher in a business-friendly environment. "I think if you are a short-term trader, you may be looking to take profits and you are starting to see a little bit of that in financials," said Robert Pavlik, chief market strategist at Boston Private Wealth.
  
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• Karina Vetrano Update: Police, Prosecutors Ask For Controversial Family DNA Testing To Solve Queens Jogging Murder

  09-12-2016 18:56 via ibtimes.com
  
  Authorities in New York have turned to a controversial DNA technique as a last resort in identifying the killer of Karina Vetrano, a 30-year-old jogger who was murdered while running in Queens in August. A DNA sample was retrieved from Vetrano’s body when she was found but did not produce a match in either state or local databases.
  
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• BRP vows to remain in Mexico even if Trump pulls out of NAFTA

  09-12-2016 18:56 via cbc.ca
  
  The maker of Ski-Doos, personal watercraft and off-road vehicles says it will maintain low-cost production in Mexico even if Donald Trump withdraws from NAFTA.
  
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• Android 7.1.1 Features: Samsung Will Update Galaxy S7 And Galaxy S7 Edge With Latest Version Of Nougat

  09-12-2016 18:53 via ibtimes.com
  
  Amid testing the Galaxy S7 and Galaxy S7 Edge for its Android Nougat updates, Samsung has confirmed to beta testers that the handsets will receive Android 7.1.1 when the official software is available.
  
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• Exclusive: Japan's TDK in talks to buy iPhone supplier InvenSense - sources

  09-12-2016 18:50 via news.yahoo.com
  
  The deal would allow TDK, already a major smartphone components supplier, to boost its sensor technology offerings. InvenSense designs gyroscopes which help smartphones calculate motion, enabling augmented reality games such as Pokemon Go. TDK has offered $12 per share to acquire InvenSense, one of the people said, cautioning that negotiations are ongoing and that terms could still change before a potential deal is reached.
  
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• Cartoon Network: Fostering the next generation of creators and coders

  09-12-2016 18:46 via techrepublic.com
  
  A $30 million commitment to STEAM efforts includes a new Cartoon Network advisory board to shape the network's offerings and encourage more children to aspire to careers in computer science.
  
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• When Is Brittany Bell Due? Nick Cannon Rumored To Welcome Baby Boy With Ex-Girlfriend

  09-12-2016 18:42 via ibtimes.com
  
  Nick Cannon will soon be welcoming baby number three. The “America’s Got Talent” host has remained quiet about the details surrounding his ex-girlfriend Brittany Bell’s pregnancy, but a new report has revealed the sex of Cannon and Bell’s little bundle of joy.
  
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• Derrick Rose Injury Update: Knicks Point Guard Returning Friday vs. Kings?

  09-12-2016 18:38 via ibtimes.com
  
  When Derrick Rose pulled out in the third quarter of Tuesday’s victory over the Miami Heat with back spasms, renewed fears arose surrounding the New York Knicks starting point guard because of his long injury history.
  Fortunately for the Knicks, Rose didn’t suffer another injury to either of his surgically repaired knees, but his status for Friday’s matchup with the Sacramento Kings – the first of a season-high five straight on the road - remains mired in doubt and he see
  
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• Galaxy Note 7 Recall: Samsung To Brick Unreturned Smartphones With Software Update

  09-12-2016 18:28 via ibtimes.com
  
  Update, 12:58PM EST: Verizon, the largest mobile carrier in the U.S., is refusing to release an update to Samsung Galaxy Note 7 devices that would render the devices unusable.
  
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• Murdoch's Twenty-First Century Fox bids $14.1 billion for UK's Sky

  09-12-2016 18:25 via news.yahoo.com
  
  Rupert Murdoch's Twenty-First Century Fox Inc has made a $14.1 billion bid for the remaining shares of European pay-TV group Sky Plc that the U.S. company does not already own, the British broadcaster said on Friday. Fox is Sky's largest shareholder, with a 39.1 percent stake, according to Thomson Reuters data. By owning all of Sky, Fox, whose cable networks include Fox News and FX, the New York-based media company would have control of a distribution platform in Europe.
  
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• WTF Christmas Gift Ideas 2016: 12 Weird Presents In Every Price Range

  09-12-2016 18:21 via ibtimes.com
  
  We’ve already given you gift ideas for music lovers, Dr. Who fans and beer lovers but these gifts are a little different. These 12 WTF presents are perfect for when you want to get a laugh or just have no clue what to get someone.
  
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• US Arms Sale Deal Approved: Saudi Arabia, UAE, Morocco Receive Billions In Weapons Despite Yemen War Concerns

  09-12-2016 18:12 via ibtimes.com
  
  The Department of Defense approved Thursday five major weapon sales, including helicopters for Saudi Arabia and the United Arab Emirates and missiles for Morocco, despite Congressional backlash regarding the countries' involvement in Yemen's civil war.
  
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• Where To Buy NES Classic Edition: Stock Sparse At Walmart, Target, Toys 'R' Us, But Pricier Options Available

  09-12-2016 18:11 via ibtimes.com
  
  Nintendo’s highly anticipatedNES Classic Edition launched on Nov. 11 and immediately sold out on Amazon, Best Buy and Walmart.
  The $60 console, which includes 30 classic NES games, is a major hit this holiday season.
  The NES Classic Edition sold out at most retailers, but scalpers are selling it online for more than triple the retail price. We’ve compiled a list of locations where you’ll hopefully be able to buy Nintendo’s NES Classic Edition.
  
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• Donald Trump Criticism: Karl Rove Says Boeing Contract Comments Were 'Fire, Ready, Aim'

  09-12-2016 18:11 via ibtimes.com
  
  Karl Rove, GOP strategist and former top aide to President George W. Bush, criticized President-elect Donald Trump on Wednesday for comments about a Boeing contract for a new Air Force One plane. Rove told Fox News that the often brash and impetuous Trump didn't think about, or understand, the far-reaching ramifications of everything said and how it can impact a company's stock.
  
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• Getting a new MacBook Pro? You'll need this, too

  09-12-2016 18:01 via cnet.com
  
  The new MacBook Pros and the 12-inch MacBook include Thunderbolt 3/USB-C ports as their sole connections. In order to use some of the most popular peripherals, you'll need to have one of these accessories.
  
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• Vancouver luxury home market shows need for more ownership disclosure: anti-corruption group

  09-12-2016 18:00 via cbc.ca
  
  The federal government should require all companies and trusts to identify their beneficial owners, according to the recommendations contained in a report from the Canadian division of Transparency International, a global anti-corruption organization.
  
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• Kate Middleton Stuns In New Royal Family Portrait, Wears Princess Diana’s Favorite Diamond Tiara [PHOTO]

  09-12-2016 17:28 via ibtimes.com
  
  Kate Middleton looked like a, well, princess in a new family portrait with her husband Prince William and other members of the royal brood. The Duchess of Cambridge joined the famous British royal family for an elegant reception dinner wearing a gorgeous red gown and diamond tiara.
  
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• Among the shocks, steady global growth is the biggest surprise

  09-12-2016 17:28 via news.yahoo.com
  
  In a year of political shocks, the unexpected strength of the global economy going into 2017 may be the most enduring surprise for financial markets. Despite all the electoral upsets - Donald Trump's U.S. presidential victory plus referendums in Britain and Italy that have pushed both countries into deep uncertainty - economic data are consistently beating forecasts. Activity seems resistant to the surprises that once might have provoked major market drops, helped by huge sums that many central
  
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• 2016 Election Results Hacked? President Obama Orders Full Review On Hacking

  09-12-2016 17:26 via ibtimes.com
  
  Following an election season plagued with doubts cast on the democratic process, President Barack Obama has ordered a full review of any hacking-related activity that took place during the 2016 Presidential election, according to areport from Politico.
  
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• Lincoln Memorial Inauguration Protest Closure: Is Trump's Women's March On Washington Closure Outrageous Or Standard Procedure?

  09-12-2016 17:20 via ibtimes.com
  
  Over 100,000 people were expected to convene on the National Mall the day after President-elect Donald Trump is sworn into office but the future commander-in-chief may have found a way to block the protest. A women’s march scheduled for the Saturday morning after Inauguration Day will be denied access to the Lincoln Memorial, a site that embodies American tradition for civil dissent.
  
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• ‘Hitler Was Jewish’: False Claim By Dutch Political Party Leads To Hate Speech Complaint

  09-12-2016 17:17 via ibtimes.com
  
  A political party in the Netherlands has been the subject of a hate speech complaint after its founder claimed that Adolf Hitler was Jewish and that Jews helped bring him to power in Germany.
  The Vrije Democratische Partij (VDP, “Free Democratic Party”) was only founded in November at a fish grill in the northern city of Zaandam. It has registered to participate in the upcoming elections for the House of Representatives, scheduled for March 2017.
  
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