New York Posts – Business

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  • Michael Kors close to buying Versace for $2.4B
    by Associated Press on September 24, 2018 at 12:42 pm

    MILAN — An Italian newspaper reports that the Versace group is on the verge of announcing its sale to an American company for 2 billion euros ($2.4 billion). Corriere della Sera reported Monday, without citing sources, that the announcement could come as early as Tuesday. Bloomberg and Reuters news agencies later reported the buyer would... […]

  • Toys ‘R’ Us store was ‘complete chaos’ during closing
    by Lisa Fickenscher on September 24, 2018 at 5:48 am

    Just after Memorial Day this year, the manager of a Toys ‘R’ Us store in Oregon decided to use up his vacation days. The once powerful but then bankrupt chain had just weeks left before it would go dark for good and the manager knew he wasn’t getting paid for any unused vacation time. So... […]

  • New Apple streaming service wants to be family friendly
    by Richard Morgan on September 24, 2018 at 5:13 am

    Apple wants its piece of Hollywood to be exclusively G-rated. […]

  • Colbert dominates Fallon in late night for second year in a row
    by Richard Morgan on September 24, 2018 at 4:40 am

    The numbers are in, and the message is clear: It pays to bash President Trump on late-night TV. “The Late Show with Stephen Colbert” has scored its second straight year of dominance over “The Tonight Show Starring Jimmy Fallon,” according to Nielsen Ratings — and experts say it’s because viewers are every bit as obsessed... […]

  • State unemployment regulations leave New Yorkers struggling
    by John Crudele on September 23, 2018 at 9:39 am

    Dear John: Until recently, I was unemployed and as a white college-educated female in my 50s, I would gladly have worked in a dump for $20 per hour. However, it would have had to have been off the books. Blame New York state’s unemployment regulations. For every day I would have worked part time (whether... […]

  • Con Ed won’t take on certain expenses because as a monopoly — they can
    by John Crudele on September 23, 2018 at 9:30 am

    Dear John: I own a co-op apartment in which the gas meter is in the kitchen. It was determined that the gas meter was defective and had a slow leak. So the gas supply was shut off. Now Con Ed wants me to install a meter bar to support a new meter. The licensed plumber... […]

  • US student debt might lead to the next financial crisis
    by John Aidan Byrne on September 23, 2018 at 1:44 am

    In may not be trigonometry, but if you do the math, there is a great divide in how an estimated $2 trillion will be paid back in the near future. For some analysts, US student debt has shades of the subprime crisis that felled the economy back in 2008. But this time, instead of bricks... […]

  • Wall Street is high on Thiel-backed cannabis company
    by Jonathon Trugman on September 23, 2018 at 1:40 am

    America saw reefer madness take over the stock market last week. For a few months now, the budding industry has captured the hearts, minds and money of many investors. However, the party may have gotten a bit too crazy over the past few weeks. There certainly appears to be a promising medicinal value to be... […]

  • Next crash will be ‘worse than the Great Depression’: experts
    by John Aidan Byrne on September 23, 2018 at 12:29 am

    Ten years ago, it was too-easy credit that brought financial markets to their knees. Today, it could be a global debt of $247 trillion that causes the next crash. After a decade of escalating US household debt brought on by low wages and the national debt more than doubling over the same time frame, to... […]

  • John Paulson teams up with investors to start Gold Council
    by Carleton English on September 22, 2018 at 2:42 am

    John Paulson is taking on the gold industry. The billionaire hedgie — known for his well-timed bets against subprime mortgages ahead of the financial crisis — has teamed up with 15 other investors to form the Shareholders’ Gold Council to prod managers of gold companies to produce better returns. Paulson hinted at the formation of... […]

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