New York Posts – Business

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  • Walmart offers way to turn leftover opioids into useless gel
    by Associated Press on January 17, 2018 at 6:21 am

    Walmart is helping customers get rid of leftover opioids by giving them packets that turn the addictive painkillers into a useless gel. The retail giant announced Wednesday that it will provide the packets free with opioid prescriptions filled at its 4,700 U.S. pharmacies. The small packets, made by DisposeRX, contain a powder that is poured... […]

  • Don’t bother bringing cash if you’re flying American Airlines
    by Fox News on January 17, 2018 at 4:36 am

    If you’re planning on flying American Airlines out of Miami International Airport, don’t forget your debit card. Starting Thursday, the mega-airliner has announced it is moving to a cashless model at the Florida airport and will no longer be accepting anything other than credit or debit cards for desk transactions such as checked bags or... […]

  • Nelson Peltz hopes he can turn things around for GE
    by Josh Kosman on January 17, 2018 at 3:30 am

    Nelson Peltz is hoping his well-worn activist-investor playbook will bring good things to life at GE. Peltz’s Trian Fund Management, which has seen its investment in the troubled General Electric decline since when he bought into the company in 2015, is pushing the conglomerate to explore possible sales or spin-outs of many of its businesses... […]

  • Judge seems OK with Ackman’s $290M Allergan settlement
    by Carleton English on January 17, 2018 at 2:37 am

    Bill Ackman and Valeant Pharmaceuticals can breathe a sigh of relief — for now. A federal judge in California indicated Tuesday that he would grant preliminary approval to a $290 million settlement Ackman’s Pershing Square and Valeant reached with shareholders of Botox-maker Allergan. “The Court has vacated the trial date and indicated its preliminary approval... […]

  • Einhorn’s hedge fund gained only 1.6% last year
    by Carleton English on January 16, 2018 at 9:24 pm

    David Einhorn’s investors aren’t the only ones upset by his hedge fund’s lagging performance — the hedgie himself is also frustrated. Einhorn’s Greenlight Capital reported a paltry 1.6 percent gain for 2017, while the S&P 500 soared 21.8 percent, according to a letter sent to investors Tuesday. “We had a nondescript result in a period... […]

  • AT&T urged to cut commercial ties with Chinese phone maker
    by Reuters on January 16, 2018 at 5:19 pm

    US lawmakers are urging AT&T, the No. 2 wireless carrier, to cut all commercial ties to Chinese phone maker Huawei Technologies and oppose plans by telecom operator China Mobile to enter the US market because of national security concerns, said two congressional aides. The warning comes after the administration of President Trump took a harder... […]

  • Moonlite Bunny Ranch considers accepting bitcoin
    by Post Staff Report on January 16, 2018 at 4:25 pm

    The Moonlite Bunny Ranch, the famous Las Vegas brothel that was the setting for the HBO series “Cathouse,” is looking to cash in on the bitcoin trend. Dennis Hof, owner of the ranch, said in a press release that his brothels are currently looking at ways to accept bitcoin as a payment for services. “We... […]

  • Consumer businesses help Citigroup top Wall Street estimates
    by Reuters on January 16, 2018 at 3:51 pm

    Citigroup on Tuesday reported quarterly profit that topped Wall Street expectations as consumer businesses made up for lower revenue from bond and currency trading. The lender said it booked a one-time charge of $22 billion stemming from changes in the new tax law, which resulted in a loss of $18.3 billion in the fourth quarter... […]

  • Dow crosses 26,000 for first time
    by Carleton English on January 16, 2018 at 2:43 pm

    The market’s moves are coming faster than they ever have before. The Dow Jones industrial average crossed 26,000 for the first time on Tuesday — just seven trading days after crossing 25,000, the speediest 1,000-point sprint in the 122-year history of the index on an intraday basis. But the early exuberance that sent the Dow... […]

  • Bitcoin price skids after South Korea suggests crackdown
    by Kevin Dugan on January 16, 2018 at 7:57 am

    The crypto crackdown is coming. Bitcoin dropped 23 percent on Tuesday, the worst day for the digital currency in more than three years, after a South Korean official warned of an impending trading shutdown in one of the digital asset’s largest markets. The price of bitcoin had tumbled to $10,465.54 as of 5:15 p.m. —... […]

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