Financial news on July 12, 2014

Business and Financial news
Affordable Day Camps Help Working Parents Enjoy the Summer, Too

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..

By ANN CARRNS - The New York Times

Chinese Businessman Is Charged in Plot to Steal U.S. Military Data

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..

By MATT APUZZO - The New York Times

Chrysler Recalls 895,000 S.U.V.s for Fire Risk in Vanity Mirrors

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..


Heard the News on George Clooney? This Much Is True: He’s Livid

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, Under New Leader, Shows Big Profit Gain

Infosys reports quarterly profit of $482 million, up 15.3 percent from same period one year earlier. Read more..


Seeking Revival, Cadillac Goes Outside for a Chief

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..

By AARON M. KESSLER - The New York Times

Senators Query Hepatitis C Drug’s High Costs

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..

By REUTERS - The New York Times

Vacation Experiences That Only Money Can Buy

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..

By PAUL SULLIVAN - The New York Times

Variety: A Fragrant Acrostic

A fragrant acrostic from Emily Cox and Henry Rathvon. Read more..

By DEB AMLEN - The New York Times

Wheelies: The Classic Gas Prices Edition

Hagerty’s offers year-of-manufacture gas prices to classic-car owners Friday morning; top Toyota designer moves to Yamaha. Read more..

By BENJAMIN PRESTON - The New York Times

See what else happened on July 12, 2014