Financial news on February 1st, 2014

Business and Financial news
Donald S. Engel, Persistent Contract Lawyer to the Stars, Dies at 84

Donald S Engel, a lawyer who specialized in contract disputes and helped several high-profile pop stars wrest greater control of their careers from their record companies, dies at age 84. Read more..

By BRUCE WEBER - The New York Times

Encouraging Signs in Japan’s Drive Against Deflation

Data shows that rate of core consumer inflation in Japan rose at fastest pace in more than five years in Dec 2013 and job market improved, encouraging signs for country’s central bank as it seeks to vanquish deflation with aggressive money printing. Read more..

By REUTERS - The New York Times

For Some, Retirement Is Out of Reach. For Others, Boring.

Americans are retiring later in life, on average, but many members of the baby boomer generation say they find the very idea unthinkable. Read more..

By ABBY ELLIN - The New York Times

Incomes Are Flat, Reflecting a Slowdown in Job Growth, but Consumer Spending Rises

Commerce Department reports that Americans increased their spending at solid pace for second straight month, even though incomes were flat; consumer spending rose 0.4 percent in Dec 2013, but incomes showed no gain, indicating that employment growth is slowing. Read more..


Inflation in Euro Zone Falls, and a 12% Jobless Rate Doesn’t Budge

European joblessness remains at 12 percent for Dec 2013, while inflation drops, suggesting central bank will be under pressure to provide more stimulus. Read more..

By DAVID JOLLY - The New York Times

Latest Sites of Breaches in Security Are Hotels

White Lodging, which manages hotel franchises for chains like Marriott, Hilton and Starwood Hotels, is investigating potential security breach involving customers’ payment information; it is latest instance in a spate of security breaches affecting American businesses. Read more..

By NICOLE PERLROTH - The New York Times

Super Bowl Sideshows Starring Puppies, Kittens and Fish

The Puppy Bowl, now in its 10th year as counterprogramming to the Super Bowl, is joined this year by the Kitten Bowl and the Fish Bowl. Read more..

By WENDY FRINK - The New York Times

Tech Rides Are Focus of Hostility in Bay Area

Rising resentment against elite technology firms is manifesting itself in demonstrations at public bus stops in San Francisco, where private shuttle buses ferry engineers to work at campuses of Silicon Valley giants like Google, Apple, Facebook, Yahoo and eBay; buses, which illegally use city stops, have become focus of hostility among residents and an unlikely rallying point for activists. Read more..


Times Fashion Critic Cathy Horyn to Retire

Ms. Horyn had been with The Times since 1998, and the paper’s chief fashion critic since 1999. Read more..

By LESLIE KAUFMAN - The New York Times

See what else happened on February 1st, 2014