Behind the bankruptcy of Takata Corp., the Japanese auto parts maker derailed by vast air-bag recalls, is yet another downfall — that of the company’s founding Takada family, one of country’s most prominent business dynasties.

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Emotions can drive spending on necessities.

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Many Americans say they have expenses that exceed their income, causing them a significant amount of financial stress.

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Private equity firm Sycamore Partners is buying office supplies chain Staples for $6.9 billion.

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As Elon Musk races to finish building the world’s biggest battery factory in the Nevada desert, China is poised to leave him in the dust.

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In September 1938, on the eve of the Second World War, on returning from Munich Prime Minister Neville Chamberlain assured the British public that there was to be peace for our time. This week, some eighty years later, speaking in London Federal Reserve Chair Janet Yellen assured us that in our lifetime we will not experience another financial crisis like the one we experienced in 2008. Ironically, she did so on the very day that the Bank for International Settlements (BIS) issued a stark warning about the dangers of an excessive buildup of debt around the globe.
One has to hope for…

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The Fed has ok'd Bank of America's dividend hike, and that clears the way for Berkshire to purchase 700 million common shares.

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Hundreds of inventors have flocked to Walmart's headquarters in Bentonville to find out if the country needs a few more secret sauces, prettier mouse pads or "instant hair gel" packets for the on-the-go clubber.

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Smoker Takumi Itou is an example of how much Japan Tobacco Inc. needs to catch up as international rivals gain ground in a battle to offer the next generation of smoking alternatives.

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“Remain calm, all is well.”
–Kevin Bacon, “Animal House”
History is littered with very smart people saying very stupid things.
Here are some examples of quotes that their authors would like to take back:
Irving Fisher (economics professor at Yale University in 1929): ” Stocks have reached what looks like a permanently high plateau.” Albert Einstein: “There is not the slightest indication that nuclear energy will ever be obtainable. It would mean that the atom would have to be shattered at will.” The president of Michigan Savings Bank urging Henry Ford not to invest in The Ford Motor…

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For hundreds of workers at Carriers Indianapolis plant, the bad news is that union officials have received official notice that their jobs are being shipped to Mexico, despite Indianas $7 million grant to the company. For 330 million Americans, the far worse news is the fact that governments across the country spend one thousand times that much trying to lure or keep companies to their jurisdiction amounting to a fiscal murder-suicide pact in which the nations economy is the victim.
States and municipalities spend $70 billion a year to lure companies away from each others…

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Washington, D.C., is in the midst of a regulatory reform quilting bee. Several different parties are gathering up regulatory reform ideas for potential inclusion in a reworked financial regulatory framework. The end result could be hideous, or it could be an elegant, effective, and efficient amalgamation of these disparate regulatory efforts. The key to getting the latter result is ensuring that each included contribution furthers our collective desire to see a stronger, safer financial system that serves the needs of individuals and businesses.
The Treasury has released the first of its…

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Ten years ago this week the Apple iPhone, described by Steve Jobs as a revolutionary product that changes everything, went on sale for the first time. A million flew off the shelves in just ten weeks and a decade laterwith more than a billion sold worldwidethe iPhone has transformed the way we live, work and do business.
But even as the fanboys and girls were camping out to be at the front of the line, harsh critics queued. Columbia law professor Tim Wu denounced the iPhone as anticompetitive. Nested exclusively with AT&T and lurking in a walled garden, the…

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President Donald Trump has been consistent in his argument that the U.S. Navy has shrunk to a woefully inadequate size.

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The US securities fraud trial of Martin Shkreli, a former pharmaceutical executive who gained notoriety for jacking up the price of an HIV drug by 5,000 percent, has been delayed due to difficulties in finding impartial jurors.

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