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American Business News for 20 Sep 2017

Equity trading across Asia was muted early Wednesday on caution before the U.S. Federal Reserve's policy announcement.
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For all its global popularity, Nintendo Co. has had relatively limited business in China. Now, a deal with Tencent Holdings Ltd. has investors excited at the prospect of the Japanese company's Switch... console and smartphone games taking off in one of the world's biggest game markets.
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Corporate America still usingThere are 50,000 potential Equifaxes looming on the horizon. Corporate America has been slow to update its open-source software, even in the wake of the Equifax hack that exposed 143 million people's... sensitive data, according to one of the central hubs for the free programs. More than 50,000 organizations are using outdated and leaky versions...
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Hedge fund manager closes firm to pursue politics

New York Post - 20 Sep 2017 03:49
Hedge fund manager closes firmConnecticut needs a hedge fund manager to solve its problems. That's according to 48-year-old David Stemerman, who said Tuesday he will shut down his hedge fund, Conatus Capital, to explore a... gubernatorial run -- even though the state's fiscal woes have been partly blamed on the downturn in the hedge fund industry. "Connecticut ... is...
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The Qatar crisis needs aReuters/Carl Court/Pool Dr. Majid Rafizadeh​ is president of the International American Council and a Harvard International Review board member​. Qatar ismakinga big show of defiance in the face... of the boycott imposed by Saudi Arabia, Bahrain, and the United Arab Emirates (UAE). Doha hasannouncedcloser ties with Turkey and Iran, opened a new port, and imported a plane full of cows to launch its own dairy industry. There are two principal reasons for Qatar’s firm stance. The first is to generate domestic support for its position and leadership. The second is to discourage the Quartet from continuing the boycott, by making it seem Doha has no need or will to surrender. But the reality is that theimpact of the GCC boycott on Qatar’s economy has been significant.Now that the first...
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Guggenheim Partners CEO might step down

New York Post - 20 Sep 2017 03:26
Guggenheim Partners CEO mightGuggenheim Partners' billionaire co-founder Mark Walter is considering stepping down from his post as CEO, according to reports. Walter is considering forming a holding company that would house one of... Guggenheim's insurance units as well as his personal assets, including his ownership stake in the Los Angeles Dodgers, Bloomberg first reported, citing sources. The changes...
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Oil price volatility is set to return

Business Insider - 20 Sep 2017 03:22
Oil price volatility is set toDavis Turner/Getty Images Oil markets could experience more intense price volatility in the coming years because of insufficient investment in new production,according tothe head of the International... Energy Agency’s oil market and industry unit, Neil Atkinson. Speaking at a conference in Manama, Bahrain, Atkinson noted that investment is returning to the oil industry too slowly to eliminate the risk of tighter supply that would, in turn, cause price volatility even in the context of slowing global oil demand growth. Over the next five years, it is not impossible to see a return to the high oil prices from a decade ago, Atkinson said. In its latestOil Market Report, released last week, the IEA said crude oil demand had grown by 2.3 percent on an annual basis in the second quarter, which...
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eSports is quickly becoming aMelia Robinson Activision Blizzard is nearing completion of a dedicated eSports venue in the Los Angeles area that will host the first season of the Overwatch League — the venue is the former studio... for Johnny Carson and Jay Leno's The Tonight Show and now it will be the home of a sporting revolution in video games. The LA arena comes on the heels of MGM Resorts announcing an eSports arena with Allied eSports at the Luxor Hotel and Casino in Las Vegas. This could just be the beginning of eSports arenas as the industry kicks off a big expansion to try and compete with other sports on the global stage. eSports arenas are coming to a city near you While still in its early stages of development, the eSports business is getting some real legitimacy in the gaming world. Nine Overwatch League...
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IEA: Oil prices could skyrocket by 2020

Business Insider - 20 Sep 2017 03:00
IEA: Oil prices couldREUTERS/Essam Al-Sudani The oil market has been awash in crude for more than three years, and OPEC has struggled to accelerate the rebalancing effort, but the world could be heading for a supply... crunch in a few years due to the sharp fall in industry spending. The halving of oil prices from $100 per barrel before 2014 down to just $50 today has led to a corresponding plunge in upstream investment. But even as benchmark prices seem to have stabilized over the past year, with most analysts predicting gradual and modest gains in the year ahead (depending on OPEC’s actions), there’s still no sign of a serious rebound in spending levels. The problem of a shortage of supply seems very far off today, given the swift turnaround in U.S. shale and persistently high levels of crude storage. But...
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What's Wrong With 'Poverty, Inc.'? A Critical Review

The Huffington Post - 20 Sep 2017 02:52
What's Wrong With 'Poverty,If no country has been able to provide well-paid jobs to everyone, how can a poor economy with limited resources do that for everyone?
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Cryptocurrency Bounces Back AsHow have traders responded to the latest regulatory developments?
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With property sales in Hong Kong likely to slow, investors should turn to blue chip stocks, says Kevin Leung of Haitong International Securities Group.
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Economic Scene: UnemploymentEarnings are rising at a pace not seen in almost two decades. Will it be enough to draw more people off the bench and into the job market?
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Blockchain technology could bePeter Wynn Thompson/AP Images for Amazon A quote often attributed to St. Augustine, the early Christian theologian, is: “The world is a book, and those who do not travel
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Here's how to get your first job on Wall Street

Business Insider - 20 Sep 2017 02:08
Here's how to get your firstEric Thayer/Reuters Even if you have a plum internship on your resume, it can be challenging to land your first investment banking job after graduation. Here are some tips to make sure you give... yourself the best chance to land in the best spot on Wall Street after you graduate. Start preparing early For incoming bankers, it is key to start preparing and networking early on, as securing an internship your junior summer is one of the best ways to receive a full-time offer for after graduation, according to Pamela Golding, a vice president at Glocap Search. “It would probably be helpful for you to talk to contacts at the bulge-bracket banks and get a sense for how they run their on campus recruiting process and what they look for,” Golding said. “Many schools have career centers and...
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ICOs Are Hot, But Can TheyHow ICOs are changing the game for women in cryptocurrency bitcoin market
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FedEx profit falls 17 percent,FedEx said Tuesday that its first-quarter profit fell 17 percent, hurt by a cyberattack at its TNT Express business earlier in the summer that caused package delivery delays.
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This chart shows why the cableThe ease and relative cheapness of online streaming from services like Netflix, Hulu, and Prime Video have created an entire generation of cord-cutters. As we can see in this chart from Statista—... which draws on a poll by the Pew Research Center—a whopping 61% of adults 29 and younger use an online streaming service as their primary means of watching TV. The younger generation's TV habits represent a huge shift fromthose oftheir parents and grandparents. That'sbad news for Time Warner Cable, Comcast and other payTV giants, who face the prospect of seeing their customer bases drop as the population ages. Some pay TV companies have been trying to changewith the times. Dish launched Sling TV in 2015 and AT&T's DirecTV created a streaming service called DirecTV NOW last year. Mike...
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Why state AGs are targetingAttorneys general across the country are demanding information from pharmaceutical companies in an ongoing investigation into prescription drug abuse.        
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Toys R Us joins bankruptcyToys R Us joins list of retailers in bankruptcy as Amazon exerts influence
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Senators ask Equifax how itChip Somodevilla/Getty Images Sens. Joe Donnelly, D-Ind., and Dean Heller, R-Nev., have asked credit monitoring service Equifax to explain how it is protecting the 1.3 million active-duty... servicemembers affected by a massive data breach this year. The senators sent Equifax CEO Richard F. Smith a letter on Tuesday asking the company to share its plan to help members of the military who may not be in a position to respond to the issue. "We are deeply troubled to learn of the recent Equifax data breach, which has compromised the personal information of as many as 143 million Americans," Donnelly and Heller wrote. "We are particularly concerned about the roughly 1.3 million active-duty U.S. military personnel, especially the nearly 200,000 currently stationed overseas, who may lack the access...
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The historic Red Creek Bridge will remain closed while state engineers inspect it following a crash that damaged its steel trusses and left a hole in the bridge deck. The …
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Cancer patients in Delaware will soon have more treatment option under legislation being signed by Gov. John Carney. A bill to be signed Wednesday requires health insurers to cover any …
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It will come as no surprise if the Federal Reserve has an announcement to make when its latest policy meeting ends Wednesday: That it's ready to begin paring its enormous …
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3 things to watch for from the3 things to watch for from Fed in its statement, updated forecasts and Yellen news conference
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