NEWSWORTHY
Michigan eyed as bellwether for legal pot biz in Midwest after measure passes
Michigan is aiming to build a potentially lucrative industry from the ground up with passage of a ballot initiative to legalize recreational marijuana. It could do more by serving as a model for the rest of the Midwest — and possibly beyond. Michigan is the first ...
Mexico's president-elect said Monday he will respect the result of a referendum that rejected a partly built new airport for Mexico City, effectively ending the $13 billion project. "The decision taken by the citizens is democratic, rational and efficient," Andres Manuel Lopez Obrador said after ...
Investors hunting bargains in Japan might want to wait till U.S. midterms pass
Some Japan equity strategists are recommending investors hold off any hunt for bargains until trade tensions cool after the U.S. midterm elections. A possible decline in protectionist rhetoric once congressional elections end in November may allow investors to focus on Japan's strong earnings that have ...
VW faces first big German court date over 'dieselgate' as investors pursue redress for losses
The first major German court case against Volkswagen over the "dieselgate" scandal that shook up the car industry opened Monday as investors pursue the world's largest automaker for billions in compensation. A regional court in Brunswick began examining whether the auto giant should have informed ...
Once a collector's passion, owning vintage warplane now may be more profitable than stock
Collectibles markets are driven by passion, not rational thought. But the aircraft-collecting market has seen a split in recent years between those who purchase and restore for love and history and those who are new collectors with an interest in return on investment. The owners ...
World's top wealth fund opposed Elon Musk's double role at Tesla
Norway's $1 trillion wealth fund said Wednesday it had backed an initiative to wrest the role of chairman away from Tesla chief executive Elon Musk. The proposal, which was defeated in a vote at Tesla's annual meeting of stockholders on Tuesday, represented the strongest challenge ...
A federal judge on Thursday dismissed Exxon Mobil Corp's lawsuit seeking to stop New York and Massachusetts from probing whether the company misled investors and the public about climate change and the potential effects on its business. U.S. District Judge Valerie Caproni in Manhattan said ...
Apple urged to help curb smartphone addiction among children
Two major Apple investors have urged the iPhone maker to help curb smartphone addiction among children, highlighting growing concern about the effects of mobile devices and social media on younger users. New York-based Jana Partners LLC and the California State Teachers' Retirement System said in ...
Japan's flops turning bond market stars amid hunt for higher yields
Japan's yield-hungry investors are helping turn companies that were once bond-market pariahs into stars. Olympus Corp., the medical equipment maker that came under fire six years ago for a cover-up of losses, this month sold its first bond to the public since 1996, to strong ...
Political risk scares away Japanese investors in French bonds
Japanese investors, traditionally among France’s most loyal lenders, are not yet convinced that French political risks have faded and are staying away from buying the country’s bonds.
Japan regulators crafting new rules to prevent leaks by company execs
Japanese authorities are set to recommend new fair disclosure rules that aim to prevent company executives from leaking insider information, part of Prime Minister Shinzo Abe's push to improve corporate governance and encourage foreign investment. Marking the first time that Japan will adopt statutory rules ...
Global money flees Japan stocks at fastest pace since 1987
International equity investors are giving up on Japan. After dumping their Tokyo stock holdings for four of the past five months, foreigners are on track for their biggest annual exodus since 1987. Back then, they were fleeing bubbly valuations and the Black Monday crash. This ...
