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Aug 26, 2016

DealBook | Today'sTop News - August 26, 2016: Top Story | DealBook Highlights | Your Money | Sunday Business | Buzz Tracker

The New York Times

Top Story
Janet L. Yellen, the Federal Reserve chairwoman, on Thursday. The Fed raised interest rates in December for the first time since the financial crisis.
Yellen Sees Stronger Case for Interest Rate Increase
By BINYAMIN APPELBAUM
The Federal Reserve chief, in a speech, pointed to gains in the job market and economic outlook. But the Fed is not expected to act before December.


DealBook Highlights
Linda Rink holding a Takata airbag inflater. At least 14 people have been killed by the faulty devices.
A Cheaper Airbag, and Takata’s Road to a Deadly Crisis
By HIROKO TABUCHI
Automakers embraced Takata’s cheaper technology almost 20 years ago despite signs that it was unsafe. The airbags are now at the center of the auto industry’s biggest recall.
Heather Bresch, chief of Mylan, which has a reputation for bare-knuckled tactics that have angered competitors and investors.
Painted as EpiPen Villain, Mylan’s Chief Says She’s No Such Thing
By KATIE THOMAS
Heather Bresch, defending her company against criticism for sharply increasing the price of the life-saving device, is unapologetic. “I am running a business,” she says.
Boydton Journal
The Microsoft data center in Boydton, Va. The company has cleared a square mile of land for the project.
Cloud Computing Brings Sprawling Centers, but Few Jobs, to Small Towns
By QUENTIN HARDY
As big companies race to build oversize data networks, communities are finding that the giant buildings can operate with only about 30 people.
• Breakingviews: Small Cloud Computing Firm Turns to Helping Others Work With Giants
William A. Ackman has had his ups and downs as the manager of $12 billion asset hedge fund Pershing Square Capital.
Amid Truce Over Herbalife, Ackman Says, Icahn Looked to Sell
By ALEXANDRA STEVENSON
William Ackman, who has bet against Herbalife, said that he and Carl Icahn, Herbalife’s biggest investor, now seemed to be in agreement about the company.
Inspectors in Yangpyeong, South Korea, on Friday examined the car owned by Lee In-won, the vice chairman of the Lotte Group. Mr. Lee’s body was found on Friday and a note was recovered from inside the car.
Lotte Executive Found Dead Amid South Korean Corruption Inquiry
By CHOE SANG-HUN
The body of the vice chairman of the Lotte Group, Lee In-won, was found on Friday in what the authorities were said to consider a suicide.
Anheuser-Busch InBev to Cut Jobs After SABMiller Merger
By CHAD BRAY
Anheuser-Busch InBev has a target of $1.4 billion in annual cost savings by the end of the fourth year following completion of the deal.
 
Your Money
Wealth Matters
“Think back to 1999 or 2000,” said David Blitzer, managing director of the index committee at Standard & Poor’s. “No one really talked about investing in real estate. We were trying to recover from the tech boom and bust.”
Real Estate Strikes Out on Its Own in the Stock Indexes
By PAUL SULLIVAN
Experts differ on whether real estate’s move out of the financials category to its own classification will benefit individual investors.
Retiring
Sarah Newcomb, a behavioral economist for Morningstar, wanted to know for herself how much the cost of living was likely to increase over time — and whether her portfolio could keep up with inflation.
Trading Stocks for Bonds Poses Its Own Risks
By JOHN F. WASIK
In an era of ultralow bond yields and longer retirements, loading up on bonds and decreasing market exposure as you age may not be the best idea.
Your Money Adviser
U.S. Puts Private Student Loan Servicers on Notice: Play Nice
By ANN CARRNS
The Consumer Financial Protection Bureau has stepped up pressure on independent banks and lenders such as Wells Fargo to treat their borrowers better.
 
Sunday Business
Fair Game
How Bankrupt Is Horsehead Holding? Its Investors Want to Know
By GRETCHEN MORGENSON
Shareholders of a metals products company say it has lowballed its asset values in bankruptcy to give leading creditors control at a bargain price.
Strategies
Some Good News for Investors: The Bull May Still Have Spring in Its Step
By JEFF SOMMER
Statements by Fed officials, including a speech on Friday by Janet Yellen, confirm that the central bank expects relatively low rates to prevail for years.
Economic View
Today’s Inequality Could Easily Become Tomorrow’s Catastrophe
By ROBERT J. SHILLER
The poor and middle class might end up living in a nightmare world of joblessness and danger unless we act to address the growing wealth gap.
 
Buzz Tracker
Alere sues Abbott Laboratories to force merger. Abbott agreed to buy Alere in February for nearly $5 billion. – The Wall Street Journal
White House rule would open visas for immigrant entrepreneurs. The move, which won’t require congressional approval, allows people to stay up to five years, provided their startup has significant U.S. investment. – ReCode
Hampton Creek faces criminal probe over mayo buybacks. Josh Tetrick, the start-up’s chief executive, wrote in an e-mailed response to a question about the probe: “We have no reason to believe this is true.” – Bloomberg