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Daily News

Below please find daily updates pertaining to the latest in financial, business, and tax news:

The Wall Street Journal

Lawyers Hope to Do to Opioid Makers What They Did to Big Tobacco

Sun, Jul 23, 2017

Mike Moore, a pioneer of the cigarette litigation of the 1990s, is encouraging states to sue drug companies over the painkiller epidemic....

KKR Near Deal to Buy WebMD

Sun, Jul 23, 2017

Private-equity firm KKR is nearing a deal to buy health-information provider WebMD Health, according to people familiar with the matter. ...

President's Sign-Off Deals Blow to China Inc.'s Global Spending Spree

Mon, Jul 24, 2017

China reined in one of its brashest conglomerates with the approval of President Xi Jinping—a mark that the broader government clampdown on large private companies comes right from the top....

Uber Rival Grab's Fundraising Values It at $6 Billion

Mon, Jul 24, 2017

Singapore-based ride-hailing firm GrabTaxi Holdings is raising $2.5 billion in Southeast Asia’s largest-ever round of startup fundraising as it seeks to battle Uber Technologies across the populous region....

BMW Denies VW Claims of Possible Coordination by German Car Makers

Mon, Jul 24, 2017

Germany’s largest car maker has asked Europe’s antitrust watchdog to scrutinize decades of coordination efforts by the country’s main auto manufacturers amid growing concern they might have breached antitrust regulations. ...

ECB's Inaction Echoes Global Caution Over Weak Inflation

Thu, Jul 20, 2017

ECB policy makers haven't yet discussed the future of their bond-purchase program after its tentatively scheduled end in December, but will do so in the fall, ECB President Mario Draghi said....

White House to Tackle Manufacturing Gaps It Says Weaken U.S. Security

Fri, Jul 21, 2017

The Trump administration is asking the Defense Department and other agencies to assess industry’s ability to fill U.S. defense needs. ...

IMF Falls Short of Transparency Rules as Key Discussions Remain Secret

Thu, Jul 20, 2017

The International Monetary Fund provides public access to board-meeting minutes only up to 2010, even though its guidelines require that such information should be available for more-recent deliberations. ...

Low Earners Are Making the Biggest Gains for the First Time in Years

Thu, Jul 20, 2017

For the first time in years, pay for lowest-income Americans is rising faster than for other groups. Weekly pay for earners at the lowest 10th percentile of the wage scale rose at a faster rate last quarter, from a year earlier, than any other group....

U.S. Jobless Claims Dropped Last Week

Thu, Jul 20, 2017

The number of Americans applying for first-time unemployment benefits fell last week, another signal of a buoyant job market....