Financial news on July 12, 2014
Business and Financial news
Ann Carrns Your Money Adviser column suggests that affordable day camps offer school-age children and working parents a great option for managing summer break; notes cost of such camps qualifies for child and dependent care tax credit, adding to their value. Read more..
Justice Department reports that Su Bin, Chinese businessman in Canada, hacked into Boeing's computers and stole information about United States military aircraft and weapons; action was part of corporate espionage case that is unusual for the amount of data involved; no indication exists that Chinese government orchestrated the attacks. Read more..
Chrysler will recall almost 895,000 sport utility vehicles because of fire risk due to wiring problem in vanity mirrors, following investigation by the National Highway Traffic Safety Administration. Read more..
The actor’s blistering attack on The Daily Mail and its reporting comes as the paper’s website continues its aggressive expansion in the United States. Read more..
Infosys reports quarterly profit of $482 million, up 15.3 percent from same period one year earlier. Read more..
General Motors hires Johan de Nysschen, who has spent two years at Nissan's Infiniti, to lead its Cadillac division in an increasingly crowded luxury car market; move is perhaps company's strongest yet to bring stability to its Cadillac brand. Read more..
Sen Ron Wyden, chairman of the Senate Finance Committee, along with one another member, ask Gilead Sciences to defend high cost of its breakthrough treatment for hepatitis; cite massive expanse that $80,000 drug C Sovaldi will represent for federal health care programs. Read more..
Paul Sullivan Wealth Matters column notes extremely wealthy travelers are driving an expansion of the bespoke travel industry, which designs custom, exotic voyages for a high premium; says travelers who spend at least $100,000 a year on trips have increased their annual spending at two to three times the rate of the regular traveler over the past seven years. Read more..
A fragrant acrostic from Emily Cox and Henry Rathvon. Read more..
Hagerty’s offers year-of-manufacture gas prices to classic-car owners Friday morning; top Toyota designer moves to Yamaha. Read more..