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TUESDAY, SEPTEMBER 22, 2015 | ||||||||||||||||||||
TOP STORY
Goldman C.E.O. Lloyd Blankfein Has Lymphoma Mr. Blankfein said in a letter to shareholders and employees that he had a "highly curable" form of cancer.
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DEALBOOK HIGHLIGHTS
Bank of America Shareholders Allow Chief to Keep Chairman Post The vote comes as a big relief for Brian Moynihan and the broader leadership of Bank of America.
Health Insurers Push for Mergers, Playing Down Antitrust Concerns The executives of Aetna and Anthem tried to assure Congress that their planned mergers would enhance competition, but a consumer group expressed doubts.
Deezer, French Music Streaming Service, Plans I.P.O. The announcement comes as competition has heated up in recent months with the likes of Apple, Spotify and Deezer vying for global customers.
Larry Kudlow Weighs Run Against Senator Richard Blumenthal in Connecticut The economist wants to help define a conservative economic message for the entire Republican Party, but he is also driven by outrage over the Democratic senator's support for the Iran nuclear deal.
Breakingviews: Volkswagen Debacle on Financial Par With BP Oil Spill The final bill under the Clean Water Act for BP's Gulf of Mexico oil spill was $5.5 billion; for Volkswagen, it could be as much as $18 billion.
LOOKING AHEAD
China Gathering Tech Leaders in Seattle On Wednesday, China's president, Xi Jinping, is scheduled to mark the second day of his visit to America in Seattle attending a photo opportunity with select leaders of Chinese and American technology companies, possibly including Timothy D. Cook of Apple, after members of his delegation attend a broader tech gathering.
China's Internet czar, Lu Wei, and executives like Jack Ma of Alibaba are expected at the gathering, which has frustrated American officials by veering off the plan for the visit. While some companies in the United States may take the chance to announce new deals in China, American officials worry that the gathering could portray China's leadership as constructively engaging American companies even as the administration has argued that China's cyberattacks and anticompetitive practices have hurt American firms. – PAUL MOZUR
French Court to Rule on Uber On Wednesday, a French court will rule on whether Uber's low-cost ride-hailing service can operate legally in the country. The decision follows widespread violent protests this summer by members of French taxi associations who were angry about Uber's aggressive expansion from Paris to Marseille.
The legality ruling comes a week before two Uber executives in France accused of operating an illegal taxi service are scheduled to stand trial. – MARK SCOTT
A European Opinion on Personal Data The advocate general of the European Court of Justice, the region's highest court, will issue an opinion on Wednesday on whether people's online data can be shared between Europe and the United States. The case involves claims that Facebook cooperated in the National Security Agency's data collection program, called Prism, and could have wider implications for other American tech companies.
While not binding, the advocate general's opinion will be a sign of how the European court will rule on the case later this year. – MARK SCOTT
Yellen to Speak on Inflation Janet L. Yellen, the Federal Reserve chairwoman, is scheduled to deliver a speech about inflation on Thursday at the University of Massachusetts at Amherst.
The speech comes one week after the Fed concluded its September policy-making meeting by announcing that it was keeping interest rates near zero, in part because of the persistent sluggishness of inflation. Ms. Yellen's speech may shed light on why she thinks inflation has been so slow. – BINYAMIN APPELBAUM
Extradition Hearing in 'Flash Crash' Case Navinder Singh Sarao, a British futures trader, will face a court hearing in London on Friday to determine whether he will be sent to the United States to face charges of engaging in improper trading that contributed to a sudden plunge in American stock markets five years ago, known as the "flash crash."
Mr. Sarao, 36, was arrested in Britain in April and has been fighting extradition. He was indicted by a grand jury in Chicago this month. – CHAD BRAY
Last Revision for Second-Quarter Growth On Friday, at 8:30 a.m., the Commerce Department will release its third and final estimate of economic growth in the second quarter.
The estimate was revised sharply upward to 3.7 percent in late August, and most economists are not looking for another big revision. But some analysts think a slight uptick could be in the offing, with growth boosted by stronger consumer spending and higher levels of construction. – NELSON D. SCHWARTZ
Gauging Consumer Sentiment Also Friday morning, the University of Michigan will release its final reading on consumer sentiment in September. The initial September survey showed an unexpectedly steep drop in the index to 85.7, as worries about volatility on Wall Street and global markets filtered down to consumers.
Experts will be watching to see if the recent partial rebound in stocks has improved the outlook among consumers. – NELSON D. SCHWARTZ
Apple's iPhone 6S and 6S Plus Go on Sale Apple's latest smartphones, the iPhone 6S and 6S Plus, go on sale on Friday in several countries and territories, including the United States and China. Shoppers who buy the new devices in an Apple store can opt in to the new iPhone Upgrade Program, which includes Apple's warranty program and the option to upgrade to a new phone every year.
Apple recently said that global preorders for the phones exceeded forecasts and that the company was racing to catch up with demand. – KATIE BENNER | ||||||||||||||||||||
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QUOTATION OF THE DAY"There are many people who are dealing with cancer every day. I draw on their experiences as I begin my own."- Lloyd C. Blankfein, the chairman and chief executive of Goldman Sachs, in a note to the bank's employees and shareholders. |
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