Frontrunning: September 14

Tyler Durden's picture
  • Trump Says No Deal Reached on DACA (WSJ); Trump Denies Democrats’ Claim That They Made a Deal on ‘Dreamers’ (BBG)
  • Weak China data knocks global stocks off record highs (Reuters)
  • GOP to Release Tax Overhaul as Trump Says Rich Won’t Benefit (WSJ)
  • North Korea threatens to 'sink' Japan, reduce U.S. to 'ashes and darkness' (Reuters)
  • Saudi Arabia Clamps Down as Prince Consolidates Power (WSJ)
  • Thank You for Calling Equifax. Your Business Is Not Important to Us (BBG)
  • BOE Says Interest Rates Could Rise Within Months (WSJ)
  • U.S.'s Mnuchin Sought Government Plane for Honeymoon in Europe (BBG)
  • New York’s Plaza Hotel Is in the Sights of This Shy Billionaire (BBG)
  • Russian submarines fire cruise missiles at Islamic state in Syria (Reuters)
  • United Tech-Rockwell Deal Faces Potential Antitrust Obstacle (WSJ)
  • Shortage of Insurance Adjusters Could Stall Florida’s Recovery (WSJ)
  • Campaigners unveil banner linking racism and baseball at Red Sox game (Reuters)
  • This Is the Crazy Tax Math Trump Must Master, Fast (BBG)
  • Samsung’s New $300 Million Fund Bets on Automotive Innovation (WSJ)
  • United Tech-Rockwell Deal Faces Potential Antitrust Obstacle (WSJ)
  • Goldman Takes Stake in Under Armour CEO’s Baltimore Development (WSJ)

 

Overnight Media Digest

WSJ

- A group including Apple Inc and Dell Technologies Inc surged to the front in a race to acquire Toshiba Corp's memory-chip business. Apple and Dell would likely supply debt financing for the Bain Capital's bid. on.wsj.com/2y0Hzkl

- Equifax Inc said hackers exploited a vulnerability with a U.S. website application called Apache Struts in the data breach that affected potentially 143 million Americans. on.wsj.com/2y0bNDJ

- Tenet Healthcare Corp, is exploring strategic options including a possible sale of the hospital company. on.wsj.com/2y0hHVF

- U.S. President Donald Trump and congressional Democrats closed in on a deal to give legal status to undocumented immigrants who were brought to the U.S. as children, and to work out a package of border security, excluding the wall. on.wsj.com/2y0cddh

- Halimah Yacob, 63, has been named Singapore's first female president. on.wsj.com/2y0i2Yr

- Jian Yung, a Chinese-born New Zealand lawmaker has acknowledged he once taught English to Chinese spies, an admission that comes as his party faces a closer-than-expected fight in a general election just 10 days away. on.wsj.com/2y0mbf5

 

FT

- The Trump administration on Wednesday told U.S. government agencies to remove Kaspersky Lab products from their networks, saying it was concerned about the ties between certain Kaspersky officials and Russian intelligence. on.ft.com/2vUeIxv

- South Africa's main opposition party has taken aim at Global consultancy McKinsey for its involvement in the scandal surrounding the Gupta business family that has caused the collapse of Bell Pottinger's British arm. on.ft.com/2vUacyP

- Facebook has tightened its rules on who can make money from advertising on its network, after brands withdrew their ads from Youtube for being placed before explicit or controversial content. on.ft.com/2vUasOj

- Toshiba Corp said on Wednesday it has agreed to focus on selling its prized chips unit to a group led by Bain Capital, although it is not ruling out a deal with other bidders. on.ft.com/2vUaDcr (Compiled by Bengaluru newsroom; Editing by Sandra Maler)

 

NYT

- U.S. President Donald Trump on Wednesday blocked a China-backed investor from buying an American semiconductor maker over national security concerns, a rare move that could signal more aggressive scrutiny of China's deal-making ambitions. nyti.ms/2wrp8E8

- The U.S. federal government moved on Wednesday to wipe from its computer systems any software made by a prominent Russian cybersecurity firm, Kaspersky Lab, that is being investigated by the FBI for possible links to Russian security services. nyti.ms/2fknf6B

- Martin Shkreli, the former pharmaceutical executive who is awaiting sentencing for a fraud conviction, was sent to jail on Wednesday after a federal judge revoked his bail because he had offered $5,000 for a strand of Hillary Clinton's hair. nyti.ms/2y0f327

- Toshiba Corp said on Wednesday it had agreed to negotiate with a group led by Bain Capital, the American investment firm, that also includes two organizations controlled by the Japanese government. They will seek to strike a deal over Toshiba's chip business, the world's second-largest manufacturer of flash memory chips. nyti.ms/2wqTDK8

 

Canada

THE GLOBE AND MAIL

** Canada is pushing for major changes to a NAFTA provision that governs the adjudication of lawsuits filed by North American businesses against governments for damages to their investments – and the United States has yet to reject the idea. (tgam.ca/2vVX2kZ)

** Air Canada said in a news release that the Air Canada Pilots Association, which represents 3,600 pilots, agreed to amendments to the current 10-year labor deal that will allow the company to improve flexibility and lower costs. (tgam.ca/2vVpenY)

** The ratio of Toronto house listings compared with monthly sales has moved back into longterm balance, limiting the potential for significant further price corrections in the region, a new analysis concludes. (tgam.ca/2vUTTBN)

NATIONAL POST

** Transat AT Inc is calling on the government to remove a joint venture provision from proposed legislation amending the Transportation Act, saying it is unnecessary and detrimental to competition among airlines in a market dominated by one carrier. (bit.ly/2vUXakz)

** Canadian oil production could edge closer to the five million barrel-per-day milestone in 2018, with supplies expected to grow the second fastest among major producers in coming years, a new report says. (bit.ly/2vVMj9Y)

** According to a Statistics Canada release based on census data, the Canadian median household income increased from the inflation-adjusted equivalent of C$63,457 in 2005 to C$70,336 in 2015

 

Britain

The Times

A new tax for internet companies such as Facebook Inc and Alphabet Inc's Google is to be drawn up in Brussels amid frustration that tech companies can too easily shield profits from national governments. bit.ly/2xZyM1Y

Easyjet Plc passengers will be able to book flights for Singapore, Los Angeles and Buenos Aires for the first time under a scheme to open up the budget airline to long-haul flights. bit.ly/2h22kZB

The Guardian

The co-founder of Bell Pottinger Pvt, Tim Bell, has emerged as one of the creditors the firm's administrators are unlikely to be able to pay back, with a 300,000 pounds bill outstanding from his multimillion-pound deal to leave the City PR firm last year. bit.ly/2h3Vtip

The chief executive of Kensington and Chelsea Tenant Management Organisation that managed Grenfell Tower, Robert Black, is still being paid his full salary despite resigning from the role after the fire that killed at least 80 people. bit.ly/2h2HJV8

The Telegraph

The Government is stepping up pressure on Silicon Valley giants to take responsibility for unlawful material online and share the spoils of the internet with media companies. bit.ly/2h3KFk4

Theresa May has been urged to change the law on aid spending after it emerged that Britain cannot use its 13 billion pounds ($17.17 billion) aid budget to help its overseas territories devastated by Hurricane Irma. bit.ly/2h3wM5J

Sky News

Car products retailer Halfords Group Plc is to replace departing chief executive Jill McDonald with the boss of Dixons Carphone Plc's software business. Halfords said Honeybee chief operating officer Graham Stapleton would begin work in mid-January. bit.ly/2h1Rlzb

British energy production company, Drax Group Plc wants to convert two of its remaining coal-fired power units to gas. The move by Drax has been driven by the shift away from coal power. bit.ly/2h2fpC3

The Independent

Japanese investment bank Mitsubishi UFJ Securities has announced that it is putting measures in place to move some of its European securities division from London to Amsterdam because of Brexit. ind.pn/2h2NAtA

A criminal investigation has been opened after eight people died and more than 100 had to be evacuated when a nursing home was left without air conditioning in the aftermath of Hurricane Irma. ind.pn/2y0s2AN

 

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Lumberjack's picture

Former NASA GISS climate scientist tells new NASA head to stop funding “corrupt, carpet-baggers”

http://joannenova.com.au/2017/09/former-nasa-giss-climate-scientist-tell...

Son of Loki's picture

The NFL Is Seriously Concerned With Empty Stadiums

http://www.msn.com/en-us/sports/nfl/the-nfl-is-seriously-concerned-with-empty-stadiums/ar-AArTqkb?li=BBnb4R7

 

Americans don’t want to go watch multi-million dollar salaried athletes piss on America. That’s odd?

Lumberjack's picture

News reporter calls Equifax to see if their info was compromised. Here is what happened.

http://www.centralmaine.com/2017/09/13/first-person-i-called-equifax-wit...

CheapBastard's picture
Tensions boil over as a Utopian California city declares state of emergency due to Massive Homelessness

 

 

SANTA ANA, Calif. -- Frustrations were bubbling over in Anaheim where the city council voted to declare a state of emergency over the issue of homelessness in the early morning hours Wednesday following a tense meeting that lasted hours, CBS Los Angeles reports.

There were heated words inside the Anaheim City Council chamber -- pitting neighbor against neighbor -- as activists and others came to share their views on a tent city in the shadow of Angel Stadium where about 422 homeless people live.

 

http://www.msn.com/en-us/news/us/tensions-boil-over-as-california-city-d...