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July 13, 2015 MONEY (MSM)

Hillary Clinton to propose incentives for corporate profit sharing

Hillary Clinton on Monday will detail what she calls a “win-win” plan to encourage companies to share their profits with employees as she outlines her broader economic vision for the United States, which centers on policies aimed at boosting the wages of middle-class workers, her campaign said. “Hard-working Americans deserve to benefit from the record corporate earnings they helped produce,” Clinton plans to say in New York during the first major economic

July 13, 2015 MONEY (MSM)

Blackstone Selling 1,300 Atlanta jouses in strategy shift

Blackstone Group LP’s Invitation Homes, after spending more than $9 billion in a U.S. property-buying spree, is starting to sell some houses as it shifts focus from rapid expansion to fine-tuning its holdings. The housing landlord has agreed to sell about 1,300 Atlanta-area residences that don’t fit its strategy, which targets communities with higher rents and quality schools, according to Chief Executive Officer John Bartling. “It’s that stage in our

July 13, 2015 MONEY (MSM)

Greek deal done, Merkel's allies rush to sell it in Germany

Germany’s political establishment rushed to defend a deal with Greece on Monday to negotiate a third bailout, with Chancellor Angela Merkel’s lieutenants selling the agreement as a victory for Europe that her conservatives can support. The hard line taken in the negotiations with Greece by Merkel’s finance minister, Wolfgang Schaeuble, has emboldened lawmakers in the ranks of her conservatives where many were skeptical about backing further aid to Athens. German

July 13, 2015 MONEY (MSM)

Saudis Pump Record Crude Over Demand Forecast

Saudi Arabia told OPEC it raised oil production to a record as the organization forecast stronger demand for its members’ crude in 2016. The world’s biggest oil exporter pumped 10.564 million barrels a day in June, exceeding a previous record set in 1980, according to data the kingdom submitted to the Organization of Petroleum Exporting Countries. OPEC said it expects expanding oil consumption to outpace diminished output growth from rival

July 13, 2015 MONEY (MSM)

BlackBerry names Cisco veteran as global head of sales

BlackBerry Ltd named Carl Wiese as head of global sales on Monday, an appointment that comes at a critical juncture for the former smartphone leader, which needs to spur top-line growth for its turnaround efforts to succeed. Wiese has spent the past 12 years at Cisco Systems Inc, initially heading advanced technology sales and later Cisco’s collaboration-product sales efforts. At BlackBerry, he replaces John Sims as global head of sales.