Financial news on August 31, 2014

Business and Financial news
Barclays Sells Some Spanish Assets to CaixaBank

The sale represents the latest development in Barclays’ plan to streamline itself by selling noncore businesses. Read more..

By NEIL GOUGH - The New York Times

Breaks

Allan E. Parrish turns a certain word over in his head. Read more..

By DEB AMLEN - The New York Times

New Novartis Drug Effective in Treating Heart Failure

Research published in The New England Journal of Medicine finds that new experimental drug has shown striking efficacy in prolonging lives of people with heart failure; developed by Novartis and known by code name LCZ696, drug could replace longstanding treatment for a condition that is the leading cause of hospitalization in United States and Europe. Read more..

By ANDREW POLLACK - The New York Times

San Francisco Exhales During 'Burning Man Exodus'

The event draws more than 50,000 people, many of whom are from the tech industry. And while they’re away, the city’s hard-to-get-into restaurants and bars aren’t so hard to get into. Read more..

By CONOR DOUGHERTY - The New York Times

Start-Ups Accrue Funding in Case of Leaner Times

Some entrepreneurs say worries about a possible downturn are partly why they are stocking up on financing, essentially taking out insurance on the risk of harder days ahead. Read more..

By WILLIAM ALDEN - The New York Times

See what else happened on August 31, 2014