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Preview: NY Post: Business

Business | New York Post

Your source for breaking news, news about New York, sports, business, entertainment, opinion, real estate, culture, fashion, and more.

Last Build Date: Fri, 28 Oct 2016 04:50:58 +0000


Tilton lawyers suggest accountant was more than business partnerNew York financier Tilton arrives for an appeal hearing at the U.S. District courthouse in New York

Fri, 28 Oct 2016 00:47:09 -0400

Things heated up quickly at Lynn Tilton’s fraud hearing on Thursday when her lawyers insinuated that the service her outside accountant provided was a little too personal. Amid mundane questioning of the accountant, Peter Berlant, about audits and GAAP-compliant reviews, Tilton’s lawyers showed the CPA an e-mail from 2003 about a dinner the two shared...

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Warren grills auditor over role in Wells Fargo’s fake account scamWells Fargo CEO John Stumpf Testifies To Senate Committee On Company's Recent Unauthorized Accounts Scandal

Fri, 28 Oct 2016 00:23:07 -0400

Elizabeth Warren is out for blood. Fresh from decapitating the leadership at Wells Fargo, the Massachusetts senator has sent a letter to the bank’s auditor asking why it didn’t catch widespread fraud that led to 2 million fake checking accounts and $185 million in fines. KPMG, one of the largest US auditors, had OK’ed the...

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Amazon shares fall after quarterly earnings tankGERMANY-US-ECONOMY-RETAIL-LABOUR-AMAZON

Fri, 28 Oct 2016 00:07:05 -0400

Amazon shares tanked more than 6 percent late Thursday after the Web giant’s quarterly earnings disappointed Wall Street. Spending heavily on shipping costs and new-product research in the third-quarter, the Seattle-based retailer yielded a profit of $252 million, or 52 cents a share, up from $79 million, or 17 cents, a year earlier. That missed...

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FCC bans internet providers from tracking web surfing134046810

Thu, 27 Oct 2016 23:55:20 -0400

The Federal Communications Commission on Thursday drove a stake through the heart of the $77 billion online ad business, barring Comcast, Verizon and other internet service providers from automatically tracking consumers while they surf the Web. The regulator, in a 3-to-2 vote that increased internet privacy, ruled consumers have to give their OK before their...

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Saving for retirement isn’t all it’s cracked up to be161027-401k-feature

Thu, 27 Oct 2016 23:32:20 -0400

Plan on retiring before 2026? Hold on one second. The next 10 years probably aren’t going to be generous — and most workers with 401(k) plans won’t even see a paltry 5 percent annual return, according to a report released Thursday. It’s a “foolish assumption” that savers can beat the markets — even if they...

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Vince McMahon open to selling WWEwwe_bryans_concussions

Thu, 27 Oct 2016 22:48:15 -0400

WWE’s Vince McMahon isn’t eager to sell the family-controlled enterprise, but he will entertain offers. “We’re open to anything,” the pro wrestling czar said when asked if takeover interest in content companies such as UFC and Time Warner had relaxed his go-it-alone policy. Robert Routh of FBN Securities took McMahon’s comments — made Thursday during...

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Casino mogul: Raiders playing hardball over Vegas stadiumBusiness Magnate Sheldon Adelson In Conversation With Rabbi Shmuley Boteach

Thu, 27 Oct 2016 13:03:05 -0400

Casino mogul Sheldon Adelson said he is prepared to take a hike from a deal to build the Oakland Raiders a stadium that would help them relocate the team to Las Vegas if terms offered by the team do not improve. “I negotiated to bring in the Oakland Raiders, an NFL football team from Oakland,...

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Gannett fails to nail down deal to buy TroncGannett Offers To Acquire Tribune Publishing In Deal Valued Over $800 Million

Thu, 27 Oct 2016 12:26:10 -0400

So much for freedom of the press. Gannett did not nail down a deal to buy Tronc by the time of its earnings release Thursday morning and CEO Robert Dickey opened the talk to analysts by stating the company “would not discuss recent press” reports regarding speculation about mergers and acquisitions. Then ten minutes into...

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Struggling Twitter surprises to the upsideTwitter Layoffs

Thu, 27 Oct 2016 11:09:50 -0400

Bruised by layoffs and a failed attempt to sell itself, Twitter finally delivered a glimmer of hope to Wall Street. The struggling social network reported better-than-expected quarterly sales and a narrower-than-expected loss as Chief Executive Jack Dorsey touted the benefits of new initiatives that are attracting and keeping new users. Those include the use of...

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Alaska Airlines may be closing in on $4B Virgin America dealAn Alaska Airlines plane is pictured with a paint job to mark the centennial of The Boeing Company in Seattle, Washington

Thu, 27 Oct 2016 02:32:25 -0400

Alaska Airlines believes it is close to getting regulatory clearance to buy Richard Branson’s Virgin America for $4 billion, a source close to the situation said on Wednesday. However, while Alaska has recently offered a concession to the Justice Department to gain antitrust clearance, the regulator has only suggested it is prepared to accept the...

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