Energy CEOs say investor money and jobs at risk because FERC isn’t functional

Rebuilding America’s infrastructure is one of the pillars in President Donald Trump’s plan to generate jobs. But a lack of sitting commissioners at the Federal Energy Regulation Commission (FERC) has sidelined up to 15 energy infrastructure projects valued...

Retail stocks plunge as Abercrombie deal scrapped, renewing fears about apparel

No deal, no surprise. That’s what Jefferies analyst Randal Konik wrote in a note to clients after hearing that Abercrombie & Fitch has at last ended talks over a potential sale. The retailer said in May that it was holding conversations with several bidders...

Donald Trump Jr. says he’s ‘happy’ to talk to Senate about meeting with Russian lawyer

Donald Trump Jr. said Monday that he is “happy” to talk to the Senate Intelligence Committee about his meeting last year with a Russian lawyer who offered dirt on presidential candidate Hillary Clinton. Donald Trump Jr.: Happy to work with the committee to...

Department stores discount cosmetics, making ‘doomsday clock’ tick faster, ex-CEO says

Beauty bars, the centerpieces of many department stores, have almost always been exempt from discounts and storewide sales. But as aging retail giants continue to sag, the cosmetics counter is losing its protected status. “The department store doomsday clock,...

Google has hired at least five top law firms to fight its massive fine in Europe, sources say

Google has ramped up its legal firepower as it prepares to do battle with EU antitrust regulators after a landmark 2.4-billion-euro ($2.7 billion) fine and the possibility of a second record sanction before the end of the year. Alphabet unit Google, the world’s...

‘We’re flowing toward the path” similar to time before Great Depression, analyst says

Although the economy has been steady this year, at least one analyst has dire predictions, comparing the current period to the buildup to the Great Depression and warning that this fall is when things will come to a head. Mark Yusko, CEO of Morgan Creek Capital, has...