Donald Trump’s ‘first attempt to ignore the law’ – Washington Post

Donald Trump’s ‘first attempt to ignore the law’ – Washington Post

President-elect Donald Trump intends to name his son-in-law, Jared Kushner, as a senior adviser to his White House — a move that would put to the test a 1967 anti-nepotism law and provide a Trump White House already rife with ethical questions a bona fide legal showdown. In fact, this amounts to Trump’s “first attempt to ignore […]

Snapchat Parent Moves to Book Revenue Where It Is Earned – Wall Street Journal

Snapchat owner Snap Inc. will make London its international headquarters and start booking overseas revenue in all the countries where it has offices, breaking from other tech firms whose headquarters in smaller European countries help them shift profit and lower their taxes. Snap, which is gearing up for a public offering that could value the […]

McDonald’s unloads its business in China – Business Insider

McDonald’s unloads its business in China – Business Insider

A McDonald’s outlet in Hong Kong seen in 2014. REUTERS/Tyrone Siu HONG KONG — McDonald’s Corp. has agreed to sell the bulk of its China and Hong Kong business to the state-backed conglomerate Citic Ltd and Carlyle Group LP for up to $2.1 billion, seeking to expand rapidly without using much of its own capital. […]

Trump has taken few steps to disentangle from private empire – Washington Post

WASHINGTON — President-elect Donald Trump pledged to step away from his family-owned international real estate development, property management and licensing business before taking office Jan. 20. With less than two weeks until his inauguration, he hasn’t stepped very far. Trump has canceled a handful of international deals and dissolved a few shell companies created for […]

London Underground Workers Strike, Setting Up Rush-Hour Chaos – Bloomberg

Thousands of London Underground workers went on strike Sunday after their unions rejected a last-minute offer to avert a 24-hour walk out, putting the U.K. capital on course for transportation chaos during Monday morning’s commute. Staff at stations in London’s 150-year-old underground rail network, known as the Tube, began leaving their posts at 6 p.m., […]

Neiman Marcus Drops Plans for Stock Exchange Listing – Fortune

Neiman Marcus has pulled the plug on its plan to list shares on a stock exchange, a tacit acknowledgement that the struggling luxury retailer would probably only fetch bargain basement prices for its shares. The department store operator, which has reported five straight quarters of declining comparable sales, including a whopping 8% drop last quarter, […]