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UPDATE 2-Croatia’s Agrokor faces another setback as crisis manager quits

(Adds prime minister statement) BELGRADE, Feb 21 (Reuters) – Croatian food group Agrokor’s efforts to avoid bankruptcy faced a further setback on Wednesday with the resignation of the manager appointed by the government to secure a debt restructuring deal. The biggest employer in the Balkans owes roughly 5.5 billion euros ($6.8 billion) and has until July to reach a final deal with creditors. Ante Ramljak, who was appointed in April to draw up a debt restructuring plan, announced his resignation…

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Existing-home sales tumble at the fastest pace in more than 3 years as supply crunch deepens

The numbers: Existing-home sales ran at a seasonally adjusted annual pace of 5.38 million in January, the National Association of Realtors said Wednesday. What happened: Sales of previously-owned homes slid 3.2% in January, the second consecutive monthly decline, the Realtor group said. Sales were 4.8% lower than a year ago, the steepest annual decline in more than three years. Economists surveyed by MarketWatch had forecast a 5.59 million annual pace. Read: For Black History Month, a look at African-American home…

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Unions at Disney World accuse company of holding $1K bonuses hostage

Mickey Mouse is accused of holding hostages. A coalition of unions at Disney World has filed a federal unfair labor practice complaint accusing the Mouse House of withholding the $1,000 cash bonuses due their 35,000 workers — unless the employees accept the company’s contract offer. Disney DIS, +0.42%  proudly announced in January that thanks to expected greater…

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Volkswagen’s German workers just won a sweet pay rise and more time off

It’s a good time to be a German autoworker. About 120,000 unionized Volkswagen (VLKAY) workers just agreed to a deal that gives them a significant pay bump and, in some cases, six extra days off. Volkswagen said the workers will get a 4.3% pay rise starting in May, and from 2019 an extra 2.3% bonus and more pension benefits. Night shift workers, and those caring for children and elderly relatives, can swap the new bonus for six extra days off.…

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Fidessa Group PLC agrees around £1.4bn takeover bid from Swiss banking software company Temenos AG

Group PLC () has agreed to around a £1.4bn takeover bid from Swiss banking software company Temenos AG, just a day after the two firms revealed they were in bid talks. shareholders will receive 3,567p per share in the all-cash deal, which is expected to be completed in the first half of 2018. READ: Fidessa Group confirms it is in talks with Temenos The FTSE All-Share listed firm’s stock closed trading at 3,570p on Tuesday having soared…

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Risking Major Escalation, Trump Weighs Killing Of Russian Fighters In Syria As Sign Of “Tough Stance” Toward Putin

In the aftermath of Robert Mueller’s indictment against 13 Russian “operatives” for meddling with the US presidential election, President Trump has been under fire for lashing out at everyone… except Russia. So, in response, Bloomberg reports that the Trump administration is weighing citing the previously reported deaths of more than 100 Russian fighters – or rather mercenaries – in Syria, who were killed following US strikes on February 7, as an example of Trump’s tough stance toward Russia. Recall that…

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Small Business Sentiment is Noisy, Unhelpful

Small-Business Sentiment Is No Help to InvestorsSurveys of how entrepreneurs are feeling have proven to be of little value.Bloomberg, February 21, 2018.     President Donald Trump took a brief break from tweeting about Russian electoral interference (“No Collusion!”), #MeToo (Fake News!) and gun violence (Very Sad!) to tweet about small-business optimism. This is an issue near and dear to me, involving actual business owners (and not economists), psychology and the use of sentiment readings as a trading signal. At…

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Wubbanub Infant Pacifier Deal On Amazon!

Need a little relief from being your baby’s human pacifier? This is such an adorable way to grab something to get some relief and an easy way not to lose that thing like babies always do! Wubbanub Infant Pacifier – Horse – $14.95 WubbaNub™ Brand- The Original Pacifier/Plush Animal combination Durable one piece construction is both functional and stylish. Patented design makes it easy for baby to grasp Distributed in hospitals, NICU and well-baby units nationwide Made with Soothie medical-grade…

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