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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

Uber Reveals Data Breach and Cover-up, Leading to Two Firings

Tue, Nov 21, 2017

Uber Technologies on Tuesday revealed it paid hackers $100,000 in an effort to conceal a data breach affecting 57 million accounts last year....

FCC Plans to End Net Neutrality in Win for Cable, Wireless Firms

Tue, Nov 21, 2017

Federal regulators outlined plans for dismantling Obama-era rules requiring equal internet access, clearing the way for service providers to offer new options and creative pricing....

Meg Whitman to Step Down as Hewlett Packard Enterprise CEO

Tue, Nov 21, 2017

Meg Whitman will step down as chief executive of Hewlett Packard Enterprise early next year, the company said Tuesday. ...

Trump Calls AT&T-Time Warner Deal 'Not Good for the Country'

Tue, Nov 21, 2017

President Donald Trump said AT&T’s takeover of Time Warner wouldn’t be good for the country, weighing in on the $85 billion transaction the day after the Justice Department filed a lawsuit to block it. ...

Disney Animation Chief to Take Leave After Apologizing

Tue, Nov 21, 2017

John Lasseter is taking a six-month leave of absence from the senior creative post at Walt Disney Co.’s animation operations, he told staff in an email that cited unspecified “missteps” on his part, including making some personnel feel “disrespected and uncomfortable.”...

Home Sales Remained Sluggish in October

Tue, Nov 21, 2017

Existing-home sales increased 2% in October from a month earlier to a seasonally adjusted annual rate of 5.48 million, but sales dipped 0.9% from a year earlier, the second consecutive decline on an annual basis....

Yellen to Leave Fed Board When New Chief Takes Over

Mon, Nov 20, 2017

Federal Reserve Chairwoman Janet Yellen said she would resign as a member of the Fed’s board of governors once her successor as chairman has been sworn in....

With Tax-Plan Push, Hatch Faces a Deal-Making Test

Tue, Nov 21, 2017

Utah Sen. Orrin Hatch faces some of the biggest challenges as he ushers the Republican plan to overhaul the U.S. tax code through the Senate Finance Committee that he chairs. ...

Powell's Calendar Shows Meetings With Bank Executives, Lawmakers

Mon, Nov 20, 2017

Federal Reserve governor Jerome Powell had regular meetings with an array of Wall Street executives after taking on new responsibilities this year as the Fed’s point person on bank regulation, his calendar shows....

U.S. Treasury Sanctions 'Large-Scale' Iran Counterfeiting Ring

Mon, Nov 20, 2017

The Trump administration has imposed sanctions on what the Treasury Department describes as a “large-scale” Iranian counterfeiting ring that it says is run by the Islamic Revolutionary Guard Corps and potentially worth hundreds of millions of dollars....