Edition: U.S. / Global

Business Day

Wednesday, October 29, 2014

The central bank noted recent weakness in some gauges of inflation expectations, but it said the likelihood of persistently low inflation had diminished.

Ben Bernanke, the former Federal Reserve chairman who engineered the quantitative easing program, with Janet L. Yellen, the current Fed chief, in 2013.
Alex Wong/Getty Images

Ben Bernanke, the former Federal Reserve chairman who engineered the quantitative easing program, with Janet L. Yellen, the current Fed chief, in 2013.

DealBook

Prosecutors Wrestling With Wall Street’s Repeat Offenders

Prosecutors are exploring whether to strengthen deferred or nonprosecution agreements from two years ago, or scrap them altogether and force the banks to plead guilty to a crime, say lawyers briefed on the cases.

DealBook

Fiat Chrysler to Spin Off Ferrari Sports Car Brand

Fiat plans to list about 10 percent of Ferrari’s shares and distribute the remaining stake to its shareholders some time next year. It will be the first time Ferrari has been independent since the late 1960s.

Bits Blog

F.C.C. Proposal Would Allow à la Carte Internet Video Services

The proposal by Tom Wheeler, chairman of the Federal Communications Commission, would allow some so-called over-the-top online video providers to carry cable and local broadcast stations, provided they could agree on financial terms.

Christopher Viehbacher, Sanofi Chief, Is Ousted by Board

Company shares just their biggest drop since 1999, after a warning that sales growth in Sanofi’s top-selling drug, for diabetes, was faltering.

Apple Pay Runs Afoul of MCX, a Group With a Rival Product

Rite Aid and CVS are not accepting Apple Pay because they belong to a consortium of retailers planning to release their own mobile payment system next year.

Insight & Analysis
Economic Scene

More Renters, Less Risk for Wall St.

Making meaningful reform to the financial system could require Americans to reconsider the assumption that homeownership is good for the economy.

State of the Art

Looking for a Design Behind Amazon’s Devices

The overall strategy behind the retailer’s hardware lineup appears puzzling; its devices sound fantastic in theory, but often fall short in reality.

Bits Blog

HP Unveils Plan to Make 3-D Printing an Everyday Thing

The company, which made a fortune on conventional printers, has long been expected to go into 3D printing, which is still a small market.

DealBook

Investor Activism, Already Robust, Expected to Rise in Next Year

A survey by the law firm Schulte Roth & Zabel and the data provider Mergermarket, to be released on Wednesday, reflects the undiminished confidence in the power of outspoken dissident investors.

App Smart

Spanish as a Second Language, With the Accent on Fun

Plenty of smartphone apps offer worthwhile and entertaining lessons.

Bits Blog

Reddit Opens a Crowdfunding Site

An initiative from the popular online community site could potentially turn into a revenue stream.

Small-Business Guide

The Long Odds of Reforming an Employee Who Is a ‘Destructive Hero’

A business will want the revenue they haul in, their crackling insights and bursting energy. But the hit to company morale just isn’t worth it, managers say.

Bringing Lessons From a Pool in Pakistan to a Pitch Meeting With Investors

As a teenager in Pakistan, Shaan Kandawalla was not permitted to compete in the 1996 Olympics because of her gender. That background has prepared her to take on the male-dominated tech world.

News Videos From CNBC
Cramer checks out HP's 3D tech
Oct 29 6:15 PM EST
Fast Money Final Trade: GS, QQQ, BAC & HPQ
Oct 29 5:58 PM EST
Unusual activity in KO
Oct 29 5:50 PM EST
What Fed means for the dollar
Oct 29 5:45 PM EST
Options Action: BABA protection play
Oct 29 5:45 PM EST
Stock Pops & Drops: NNA, SNY, PNRA &TRN
Oct 29 5:45 PM EST
  • All Sources
  • The New York Times

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From Sunday Business

Bill Ackman and His Hedge Fund, Betting Big

Whether fighting a corporate takeover war or buying a top-of-the-world apartment, the chief of Pershing Square Capital Management doesn’t hold back.

Dividing and Conquering the Trash

Rubicon Global, a waste consultant, finds a lucrative niche in helping its business clients cut their hauling costs, and to recycle whatever they can.

Fair Game

Shareholders, Disarmed by a Delaware Court

Under a recent ruling, a company can adopt bylaws requiring investors to pay its legal fees if they lose a lawsuit against it.