Consumer demand for Alaska cruises growing again
By RACHEL D'ORO, Associated Press ANCHORAGE, Alaska (AP) — A growing consumer demand for Alaska cruises has put the state back in the million-passenger club as it rebounds after a leaner stretch. And next year is expected to be even better with larger capacity ships added to the Far North lineup. The millionth passenger was recently counted as the Alaska cruise industry's season was nearing its end. Final passenger totals are expected to be slightly higher. "Alaska's very popular," Holla..>> view originalIllinois to Suspend Wells Fargo From Bond, Investing Work
Illinois is joining California in suspending Wells Fargo & Co. from handling “billions” of dollars in investment work and the underwriting of state debt after the company admitted to opening potentially millions of bogus customer accounts.Treasurer Michael Frerichs said in a statement the he will announce details of the ban during a news conference in Chicago on Monday. The suspension includes municipal-bond underwriting, according to Greg Rivara, a spokesman for the treasurer.“In isolation, Il..>> view originalYahoo hack may become test case for SEC data breach disclosure rules
By Dustin Volz | WASHINGTON WASHINGTON Yahoo's disclosure that hackers stole user data from at least 500 million accounts in 2014 has highlighted shortcomings in U.S. rules on when cyber attacks must be revealed and their enforcement.Democratic Senator Mark Warner this week asked the U.S. Securities and Exchange Commission to investigate whether Yahoo and its senior executives properly disclosed the attack, which Yahoo blamed on Sept. 22 on a "state-sponsored actor."The Yahoo hack could beco..>> view originalState Spending Keeps China's Industrial Sector Humming in September
BEIJING—Activity in China’s crucial industrial sector appeared to stabilize last month, with an official index on manufacturing holding steady, buoyed by state spending on infrastructure. China’s official manufacturing purchasing managers index was unchanged at 50.4 in September compared with August, the National Bureau of Statistics reported Saturday. The gauge has remained above 50, which separates expansion from contraction, for...>> view originalSilly Baby Panda Falls Flat on Its Face During Public Debut of 23 Giant Panda Cubs in China
A group of baby pandas made their public debut at the Chengdu Research Base of Giant Panda Breeding in Chengdu, China, on Thursday. PHOTO: The 23 giant panda cubs born in 2016 at the Chengdu Research Base of Visual China Group via Getty ...>> view originalMerger or Not, CBS Shares Are Attractive
CBS stock gained 7.5% this past week and Viacom, 7.3%, after the controlling shareholder for both companies urged a merger. That follows our cover story last week arguing that a deal between the two would be more profitable for CBS than many investors assume, especially because CBS chief Les Moonves would have an outsize say over the terms (“Will CBS Buy Viacom?” Sept. 24). In other words, the answer to the question we posed is most...>> view originalChinese billionaire Wang Jianlin makes aggressive moves in Hollywood
China’s richest man, Wang Jianlin, has been on a buying spree in Hollywood.His media conglomerate, Dalian Wanda Group, has aggressively expanded into the U.S. film industry. The company, which already owns the nation’s second-largest theater chain and a major U.S. film producer, recently signed a deal to invest in Sony Pictures movies. Now, Wanda is in talks to buy the iconic Dick Clark Productions, producer of the Golden Globe Awards, in a deal that values the company at about $1 billion. And..>> view originalHoboken train crash: Event recorder recovered
Investigators retrieved one of two event recorders from the New Jersey Transit train that hurtled past its stopping point Thursday at the Hoboken station and rammed through a passenger concourse, NTSB Vice Chairman Bella Dinh-Zarr said at a news conference.Packed with passengers, the train slammed into a bumper block, went airborne and hit the concourse at about 8:45 a.m. during rush hour, killing a woman waiting on the platform and injuring more than 100 others. The recorder, retrieved from the..>> view originalMost Read on Bloomberg: Deutsche Bank Turmoil, Clinton and Trump
The most-read Bloomberg News reports from the past week are listed below. The rankings are based on daily statistics through Oct. 1.See READSUMS for previous lists.STORIES1. Cryan Defends Deutsche Bank as Some Clients Pare Back Exposure(Bloomberg) -- Deutsche Bank AG Chief Executive Officer John Cryan rushed to shore up confidence in his beleaguered lender after concern some clients are reducing exposure to the company pushed shares to record lows.2. Bonds Rally, Stocks Drop Before Debate as De..>> view originalU.S. Consumer Spending Little Changed as Income Gains Cool
Consumer spending was little changed in August as income growth cooled, pointing to a softening in consumption after a run of strong gains.The August result followed a 0.4 percent advance the prior month that was revised up, Commerce Department figures showed Friday. The median forecast in a Bloomberg survey called for a 0.1 percent increase. Income climbed 0.2 percent, while inflation-adjusted spending dropped for the first time since January. The data are consistent with projections that cons..>> view original
Saturday, October 1, 2016
Consumer demand for Alaska cruises growing again and other top stories.
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