New York Posts – Business

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  • Goldman Sachs’ next CEO is already shaking things up
    by Kevin Dugan on May 21, 2018 at 5:43 am

    A part-time DJ is in line to seize the helm at Goldman Sachs — and he’s already got the bank’s executives playing musical chairs. David Solomon — who on top of holding the No. 2 spot at the Wall Street powerhouse does weekend music gigs under the stage name DJ D-Sol — is the driving... […]

  • US banks want to restart risky proprietary trading
    by John Aidan Byrne on May 20, 2018 at 2:28 am

    Willie Sutton was right. US banks are rolling in so much dough they are begging regulators to let them return to the days of risky proprietary trading — all the while stiffing their interest-starved customers, critics say. With cash deposits surging 50 percent at the top three banks since 2012, critics say it’s time the... […]

  • Sports betting may not be all that good for New Jersey
    by Jonathon Trugman on May 20, 2018 at 2:18 am

    New Jersey won its wager in getting the Supreme Court to overturn the ban on sports betting, but this isn’t necessarily a good thing for the state. Jersey has had financial problems for a long time, and this gamble to try to produce new revenue is seen as the latest panacea. The biggest problem for... […]

  • Strong earnings give retailers new hope
    by Ed Zwirn on May 20, 2018 at 2:12 am

    Last week’s good earnings report from Macy’s appeared to jump-start the beleaguered retail sector. The resurgence in retail stocks also followed the Census Bureau’s report of a 0.3 percent increase in April retail sales on the heels of an upwardly revised 0.8 percent March spike, and may be viewed as marginally good news for the... […]

  • Struggling with bogus Amazon charges
    by John Crudele on May 20, 2018 at 2:02 am

    Dear John: When checking my AmEx statements for January and February, I discovered more than $4,000 in Amazon charges made to my card but not purchased through my Amazon account. Please look at the attached police report info with the name of the detective in charge, as well as the rest of the info provided... […]

  • Legal help available for the elderly
    by John Crudele on May 20, 2018 at 1:55 am

    Dear John: I read the letter in your column about the man who allegedly stole from his elderly father. I am a past president of the National Academy of Elder Law Attorneys (NAELA), a national organization of attorneys that specializes in assisting our senior and special needs communities. We also advocate for our clients in... […]

  • Perry Ellis proxy fight heats up as founder nominates new board members
    by Carleton English on May 19, 2018 at 1:40 am

    Three years after getting slammed by a proxy fight, Perry Ellis founder is waging one of his own. The 82-year-old clothing magnate — who proposed to take the Miami-based apparel maker private three months ago for $430 million — nominated four new board candidates on Friday in a bid to speed up the process. The... […]

  • Mattel rejects merger overture from Bratz dolls maker
    by Lisa Fickenscher on May 18, 2018 at 10:51 pm

    Sorry, Bratz — Barbie doesn’t want to be BFFs. In a bizarre back-and-forth, Barbie maker Mattel recently rebuffed an invitation to merge from MGA Entertainment, the owner of Bratz dolls, according to written correspondence obtained by The Post. “Are you a grandpa yet?” MGA chairman Isaac Larian began in an April 25 letter to Mattel... […]

  • Pinnacle Foods, under pressure from activist, hires investment bank to mull options
    by Josh Kosman on May 18, 2018 at 9:05 pm

    Barry Rosenstein may be inching closer to bagging another fortune in the supermarket aisle. Pinnacle Foods — the maker of Hungry Man TV dinners and Vlasic pickles — has hired Evercore Partners to explore strategic alternatives as it faces prodding from Rosenstein’s activist hedge fund Jana Partners, sources told The Post. Rosenstein’s Jana — which... […]

  • NY Times fails to deliver 200K papers because of plant outage
    by Keith J. Kelly on May 18, 2018 at 8:21 pm

    Hundreds of thousands of New York Times subscribers didn’t get their papers Friday morning, with the company blaming a power outage at its printing plant in Queens. The snafu at the printing facility in College Point affected about 200,000 customers — nearly 40 percent of the Times’ circulation nationwide — “across the tri-state area,” the... […]

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