American Business News for 22 Feb 2017
Sometimes, it's obvious.
Patients for Affordable Drugs launches following overdose antidote price hikes
Satellite watchers have identified thousands of suspected incidents of illegal transshipping, where fishing ships secretly transfer unauthorized product to refrigerated cargo vessels. It is seen as a... major factor in the prevalence of illegal fishing, which is thought to account for at least 20% of seafood worldwide. Global Fishing Watch, a joint project between Oceana, SkyTruth, and Google, identified 5,065 likely incidents between 2012 and 2016, with the majority occurring in a few hotspots. Here's a map of the hotspots, which include coastal areas by Russia, Japan, Norway, Argentina, and Peru. Oceana Not all transshipping is illegal, but apparently a lot of it is. Likely transshipping incidents were identified by looking at refrigerated cargo vessels, or reefers, that spent more than...
Snap Inc., weeks away from it much-anticipated IPO, is close to inking its first major advertising deal with an unnamed ad holding company, The Post has learned. If the deal is complete -- and there's... no guarantee it will close -- Snapchat could win up to $200 million in guaranteed future ad commitments, sources said....
Tiffany will get help from two activist investors in its search for a new chief executive. The jewelry retailer on Tuesday said it reached a deal with Jana Partners and former Bulgari CEO Francesco... Trapani to add three new members to its board -- expanding the group to 13. Jana and Trapani own a total...
Tala, based in Santa Monica, Calif., makes its loan decisions after analyzing data on the mobile phones of users in Kenya and the Philippines.
US existing home sales rose 3.3 percent in January to the fastest pace in a decade
Alison Mitchell will be an assistant editor and the third woman to join the masthead in recent weeks.
Sales of previously-owned homes jumped even though there are fewer options and borrowing costs grew more expensive.
US existing home sales rose more than expectedin January, according to the National Association of Realtors. Sales of existing condos, coops, townhomes, and single-family houses increased by 3.3%at a... seasonally adjusted annual rate of 5.69million, the highest since February 2007. Economists had estimated that they rose 1.1% at a rate of 5.55 million, according to Bloomberg. Sales for December were revised higher. The data, like others on the housing market, are quite volatile month-to-month and tend to be revised often. Still, theycontinue to expose a shortfall in housing inventory that has contributed to price increases. In January, inventory fell year-on-year for a 20th straight month to a 3.6-month supply at the pace of sales. The median price of homes rose year-on-year for a 59th...
What keeps employees happy isn't always as obvious as it may seem.
Treasury Secretary Steven Mnuchin told IMF Managing Director Christine Lagarde he expects the fund to provide "frank" analysis of the exchange-rate policies of all its member countries.
U.S. stocks slipped Wednesday as a drop in oil prices weighed on the energy sector, while investors awaited the minutes of the Federal Reserve's most recent policy meeting for clues on the timing of... the next interest rate hike.
Verizon is the latest U.S. mobile network to test superfast 5G wireless service, in an effort to drum up attention before the technology becomes available to consumers. Following AT&T’s limited... enterprise trails and T-Mobile’s brief 5G demos, Verizon said today that it will kick off a pilot test of its own 5G service in the following 11 cities: “Ann […]
The latest on developments in financial markets (All times local): 9:35 a.m. Declines in energy and industrial stocks are leading U.S. indexes slightly lower in early trading as the market …
In 2000 Nokia released an ordinary phone with no name, just a model number, the3310. It was a basic cellphone that could handle calls, simple texting, had anamazing battery life, and compared to... today's smartphones it seems nearly indestructible. A new rumor that'ssuggested Nokia will reintroduce the phone later this month at Mobile World Congress has people pretty excited. Follow Tech Insider:On Facebook
Declines in energy and industrial stocks are leading U.S. indexes slightly lower in early trading as the market comes off a record high close the day before. Energy companies fell early Wednesday... along with the price of crude oil. Newfield Exploration sank 9%. Newmont Mining dropped 2% after reporting...
Buying early on in US trade has run bitcoin up 0.7%, or $7.50, to $1,115 a coin. Wednesday's bid has the cryptocurrency higher for a ninth straight session and threatening its all-time high of about... $1,140. The recent strength in bitcoin comes amid speculation the Securities and Exchange Commission will approveat least one of the three proposed bitcoin-focused exchange-traded fundsdespite analyst concerns that none will be approved. Bitcoin has soared more than 40% since bottoming out on January 11 following word that China was going to begin cracking down on trading of the cryptocurrency. That rally has come despite news that China's largest exchanges would begin charging a flat fee of 0.2% on all transactions and that two of China's largest bitcoin exchanges were blocking withdrawals....
The company said it would pick up and deliver packages by ground on Saturdays.
Apple's new campus, which Steve Jobs once compared to a spaceship, opens in April.
The controversy over counting re-exports in the trade deficit derives from a common fallacy that I call factoid economics. Understanding the economy requires that underlying relationships be clear,... and numbers used only when they are in some kind of perspective.
Sgt. Bradley Cooney A federal civilian hiring freeze ordered by President Donald Trump has forced at least two Army bases to indefinitely suspend some child care programs. Officials at Fort Knox,... Kentucky, notified families Feb. 17 of the suspension to the on-base part-day child development center (CDC) programs, its hourly care program and the enrollment of new families into the CDC. "Effective immediately, no new children will be enrolled in the CDC," states the letter, signed by Fort Knox garrison commander Col. Stephen Aiton. "Also, effective 27 February 2017, the CDC will no longer accommodate childcare for our hourly care and part day families until further notice." The CDC's part-day programs include its part-day preschools. Many military families, including some CDC workers, rely...
IoT will become mass adoption when consumers see a real value in them. Case in point is the healthcare sector.
In developing Asian nations like Indonesia and Malaysia, I believe that female Asian entrepreneurs have an edge simply because it is a tougher region to change regarding perceptions and roles of women... in society.
A federal appeals court on Tuesday again slapped down hedge fund investors in Fannie Mae and Freddie Mac -- all but denying one more opportunity for the wealthy investors to cash in on a long-held... investment. The court, in a 2-to-1 ruling, upheld a lower court decision that Uncle Sam did not overstep its authority...