Latest news from NYPost-Business feed

Latest news from NYPost-Business feed

  1. Mnuchin: I didn’t run a ‘foreclosure machine’

    01.20 / 00:52 nypost.com NYPost-Business
    Donald Trump’s nominee for Treasury secretary defended himself on Thursday against claims that a bank he ran callously foreclosed on thousands of homeowners after the 2008 economic downturn. “Since I was first nominated … I have been maligned as taking advantage of others’ hardship in order to earn a buck. Nothing could be further…
  2. Redstone’s ex-gal wants him examined to help case: lawyers

    01.19 / 04:38 nypost.com NYPost-Business
    Sumner Redstone’s former girlfriend wants to examine him. Sydney Holland, the media mogul’s former live-in lover, wants doctors to evaluate the media mogul’s mental capability so she can better defend herself against allegations that she and a second ex-gal pal fleeced the billionaire out of $150 million, according to court papers filed on Wednesday. Redst…
  3. Netflix adds way more new subscribers than forecast

    01.19 / 04:02 nypost.com NYPost-Business
    Netflix added 7.05 million new subscribers in its fourth quarter — obliterating its forecast by 36 percent and driving shares of the video streamer to new highs. Particularly impressive was the growth outside the US, which Wall Street thought would be slow and plodding. The Reed Hasting-led company added 5.12 million international subscribers, well a…
  4. Complaint from Martin Shkreli leads to FTC drug price suit

    01.18 / 19:28 nypost.com NYPost-Business
    Martin Shkreli . . . whistleblower? The Federal Trade Commission is preparing to file charges against Irish drug maker Mallinckrodt for allegedly using its monopoly to jack up the price of a drug used to treat lupus and multiple sclerosis by 2165 percent, to $28,000 a dose, The Post has learned. The FTC has…
  5. Goldman Sachs’ quarterly profit quadruples

    01.18 / 13:20 nypost.com NYPost-Business
    Lloyd Blankfein has stuck the landing. Goldman Sachs reported a blow-out final quarter of 2016 on Wednesday, quadrupling its profit on huge gains in trading as the markets reacted to the election of Donald Trump. The bank reaped $2.35 billion in profit during the last three months of the year, boosted by a 78…
  6. Attack ad allegedly depicts widow ‘kicked out’ by Mnuchin’s bank

    01.18 / 12:43 nypost.com NYPost-Business
    Treasury Secretary nominee Steve Mnuchin’s biggest challenger may be a 61-year old widow who runs a kite shop on the Oregon coast. Mnuchin’s past stint leading OneWest, a bank accused of fraudulently foreclosing upon thousands of homeowners in the wake of the financial crisis, is the focus of a new TV ad featuring a wom…
  7. Here’s why your cell phone might cost more than it should

    01.18 / 04:46 nypost.com NYPost-Business
    Your cell phone may have cost more than it should have. President Obama’s regulators, in their last days, have taken one of their boldest actions — suing dominant cell phone chip maker Qualcomm for being a monopoly. The company used its monopoly position to strongarm phone makers to use their chips exclusively — locking out…
  8. Nike’s new LeBron sneakers will cost you more than $2,000

    01.17 / 18:21 nypost.com NYPost-Business
    How much do you love LeBron — and how much extra cash do you have? For the second question, the number needs to be at least $2,053 and counting, as Nike auctions off 23 pairs of its latest LeBron James signature sneakers. The novel marketing gimmick is packaging a pair of the “LeBron 14 Out…
  9. General Motors set to announce $1B factory investment, new jobs

    01.17 / 07:18 nypost.com NYPost-Business
    DETROIT – General Motors will announce a $1 billion investment in its factories that will create or keep around 1,000 jobs, a person briefed on the matter said Monday. The Detroit automaker will make the announcement Tuesday morning. The investment is part of the normal process of equipping factories to build new models, and i…
  10. iHeart Media chief will get $9M in bonuses this year

    01.17 / 04:14 nypost.com NYPost-Business
    Robert Pittman, chairman and chief executive of the struggling radio station giant, iHeartMedia, stands to pocket up to nearly $9 million in bonuses this year, the company said. Pittman received a retention bonus of $1.75 million last week and stands to earn up to an additional $7 million under an executive incentive plan, the…
  11. Ralph Lauren employee busted in attempt to rip off company

    01.17 / 03:38 nypost.com NYPost-Business
    A former senior manager at Ralph Lauren was busted for allegedly racking up thousands of bogus charges on her corporate credit card in a sophisticated scheme to rip off the company, court papers allege. Alexandra Bocon, 32, created two bogus businesses and linked them to Square Cash accounts, an app that allows companies to…