A Citgo refinery in seen in Corpus Christi, Texas, Wednesday, Aug. 21, 2019. (AP Photo/Eric Gay) A Citgo refinery in seen in Corpus Christi, Texas, Wednesday, Aug. 21, 2019. (AP Photo/Eric Gay) Photo: Eric Gay, STF / Associated Press Photo: Eric Gay, STF / Associated Press Image 1 of / 5 Caption Close Image 1 of 5 A Citgo refinery in seen in Corpus Christi, Texas, Wednesday, Aug. 21, 2019. (AP Photo/Eric Gay) A Citgo refinery in seen in Corpus Christi, Texas, Wednesday, Aug. 21, 2019. (AP Photo/Eric Gay) Photo: Eric Gay, STF / Associated Press Citgo’s new CEO confident in an uncertain time 1 / 5 Back to Gallery Citgo Petroleum's new chief executive said Friday that he plans to steer the … [Read more...] about Citgo’s new CEO confident in an uncertain time
Business lines of credit for new businesses
By Karen Heller, The Washington Post LAUREL, Miss. — Ben Napier is massive, 6-foot-6, 300 lbs. His wife, Erin — 5-foot-5, slim — is not. She calls him “Big” and cranes her neck in such a constant state of adoration that she appears to be risking long-term muscle strain. “Our show is a little bit ‘This Old House,’ and a little bit ‘Gilmore Girls,’ ” says Erin, 32, standing in the living room of the morning’s second makeover house, where the Napiers are taping “Home Town,” the latest hit show on cable giant HGTV. The show is a paean to this town of 19,000, once rich in loblolly pine, a town of handsome early 20th-century houses and dismal 1970s downtown urban renewal, which the Napiers and their entrepreneurial friends are determined to undo.Laurel has “seen some hard times,” says Ben, 34, in the show’s opening. “We’re committed to change that one house at a time.” The … [Read more...] about Can HGTV make house-flippers Ben and Erin the new Chip and Joanna?
The massive offer sent ripples through the junk-debt market: Hedge fund H/2 Capital Partners was seeking to offload nearly $800 million of a J.C. Penney loan. Traders are marketing the debt in the low 80s, potentially a steep discount for the first-lien loan, which had been changing hands for around 89 cents on the dollar. Credit insurance costs temporarily spiked, and prices of other J.C. Penney debt dropped as investors caught wind of the offer Thursday. It was the latest example of a common occurrence this year in the market for junk-rated corporate debt. After years of gorging on loans and bonds of even the riskiest borrowers - all in a pursuit of yield that became increasingly sparse - buyers have been drawing a line and either bypassing or demanding deep discounts to lend to companies that may struggle in an economic downturn. This new caution has created a dearth of willing buyers for the lowest-rated companies, intensifying the typical year-end crunch. Investors have yanked … [Read more...] about Massive loan trade exposes widening rifts in junk-debt market
Just when you thought we had hit rock bottom on all the ways the internet could snoop on us — no. We’ve sunk even lower. There’s a tactic spreading across the web named after treatment usually reserved for criminals: fingerprinting. At least a third of the 500 sites Americans visit most often use hidden code to run an identity check on your computer or phone. Websites from CNN and Best Buy to porn site Xvideos and WebMD are dusting your digital fingerprints by collecting details about your device you can’t easily hide. It doesn’t matter whether you turn on “private browsing” mode, clear tracker cookies or use a virtual private network. Some even use the fact you’ve flagged “do not track” in your browser as a way to fingerprint you. They’re doing it, I suspect, because more of us are taking steps to protect our data. Privacy is an arms race — and we are falling behind.Fingerprinting happens when sites force your … [Read more...] about What is fingerprinting? The online tracking you can’t avoid
SACRAMENTO — Gavin Newsom is the first Democrat to follow another Democrat into the California governor’s office in more than a century, but he’s made clear during his first six weeks in charge that his tenure will not be a third consecutive term of Jerry Brown. It wasn’t just Newsom’s high-profile retreat from high-speed rail and twin tunnels under the Sacramento-San Joaquin River Delta, two of Brown’s legacy projects. Newsom has also taken aggressive early steps on topics like housing and health care that Brown left on the back burner. Meanwhile, two of Brown’s biggest priorities during his final term, confronting climate change and rolling back California’s tough criminal justice laws, barely received a mention during Newsom’s first State of the State address, in which the new governor laid out his agenda for the “hard decisions” that are coming due. “I just don’t know if you could find two Democrats who … [Read more...] about California Gov. Gavin Newsom puts distance between himself and Jerry Brown