Saturday, October 1, 2016

Consumer demand for Alaska cruises growing again and other top stories.

  • Consumer demand for Alaska cruises growing again

    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..
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  • Illinois to Suspend Wells Fargo From Bond, Investing Work

    Illinois 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..
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  • Yahoo hack may become test case for SEC data breach disclosure rules

    Yahoo 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..
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  • State Spending Keeps China's Industrial Sector Humming in September

    State 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...
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  • Silly Baby Panda Falls Flat on Its Face During Public Debut of 23 Giant Panda Cubs in China

    Silly 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 ...
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  • Merger or Not, CBS Shares Are Attractive

    Merger 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...
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  • Chinese billionaire Wang Jianlin makes aggressive moves in Hollywood

    Chinese 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..
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  • Hoboken train crash: Event recorder recovered

    Hoboken 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..
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  • Most Read on Bloomberg: Deutsche Bank Turmoil, Clinton and Trump

    Most 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..
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  • U.S. Consumer Spending Little Changed as Income Gains Cool

    U.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..
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When it comes to science, Trump and Clinton have common ground — but not much .Apple Watch vs Apple Watch 2: What's the difference between Apple Watch and Apple Watch 2? .
Wells Fargo Fined for Fraudulently Opening Accounts for Customers .How do you scoop asteroid dirt? Lockheed Martin figured it out .

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