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American Business News for 26 Jul 2017

One sick worker is to blameChipotle Mexican Grill on Tuesday said the $1 billion in value the chain lost over five days was caused by a single employee coming to work sick. The sniffly staffer spread the norovirus around a... suburban Washington DC, store, sickening more than 130 customers. The headlines about the outbreak sent Chopotle's shares on a five-day...
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Axis Bank Q1 result: The fatSince its loan book quality is volatile, and this reflects in its Q1 result, has Axis Bank insured itself through provisions?
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Valuations don't reflectSales volume is the key differentiator between Hero MotoCorp and Bajaj Auto, and this reflects in how their stock has performed over the past six months
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Vedanta's margins diveA decline in Vedanta's operating profit, on a sequential basis, was very much on the cards in June quarter, but the extent was more than the Street had anticipated
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New research finds people feel more satisfied with their lives if they spend a little extra cash this way
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How An Inspirational InsuranceHow An Inspirational Insurance Company Is Empowering Underserved Populations in Chicago
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The head of New York City's transit agency on Tuesday unveiled an $836 million plan to stabilize the beleaguered subway system, and promised that riders would see progress within the …
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(Reuters) - A U.S. judge on Monday ordered Apple Inc to pay $506 million for infringing on a patent owned by the University of Wisconsin-Madison's patent licensing arm, more than doubling the damages... initially imposed on Apple by a jury.
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The Latest on the findings on what caused a fatal commuter rail crash north of New York City in 2015. (all times local): 8:30 p.m. The agency that runs Metro-North …
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A former aide to a political challenger of a powerful U.S. representative admitted that she helped funnel the congressman's cash to her former boss in exchange for his withdrawal from …
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(Reuters) - Viacom Inc has informed Scripps Networks Interactive it is willing to pay all cash to acquire the U.S. TV network operator, sources familiar with the matter said on Tuesday.
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The Latest on a trial over access to execution information in Arizona (all times local): 5:23 p.m. An Arizona prisons official says companies will no longer sell drugs that will …
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Apple iPhone supplier FoxconnBid to lure Foxconn to Wisconsin could include $1 billion to $3 billion in taxpayer-backed incentives        
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A Fox News Channel executive fired because of a sexual-harassment case has proclaimed his innocence in a lawsuit, saying he was tricked into signing an agreement to keep quiet about …
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Loan, fee growth boost UMB Financials' 2Q earnings

American Banker - 26 Jul 2017 02:08
Strong gains in interest and fee income offset higher expenses and chargeoffs at the Kansas City, Mo., company.
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SEC report may put an end to ICO boom

American Banker - 26 Jul 2017 02:08
The federal agency's investigative report concludes that crowdsales of blockchain tokens known as initial coin offerings may need to comply with securities laws.
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Five questions for Trump's OCC and Fed nominees

American Banker - 26 Jul 2017 02:08
Fed Vice Chair-nominee Randal Quarles will likely face questions about his support for small banks, while Comptroller-nominee Joseph Otting must face fallout from his predecessor.
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The New York company, which is preparing to buy Astoria Financial, reported year-over-year increases in commercial-and-industrial and commercial real estate loans.
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The Salt Lake City company also benefited from increases in investment securities and several large loan recoveries during the quarter.
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President Donald Trump's former campaign chairman met with Senate investigators Tuesday, providing his recollection of a Trump Tower meeting with a Russian lawyer and agreeing to turn over... contemporaneous notes …
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How Chatbots Foreshadow AChabots simulate intelligent conversations with customers. Without the need to interpret non-verbal cues or emotionally invest, customers experience a less cognitively demanding interaction. This... appeals to our psychological preference for simplicity, which has broader market implications.
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There are a lot of problemsDespite heavy opposition, Trump is more insistent than ever on imposing quotas or tariffs on steel imports. However, it makes a big difference whether the administration decides to go with quotas on... current steel imports or initiate a tariff. Quotas would be harmful,but a tariff would be far worse. Let’s look at the numbers to see who exactly would actually be damaged. Why tariffs on steel imports don’t make sense First, for all the talk about trade deficits with China, we don’t import all that much steel from China. In fact, China isn’t even in the top 10 countries that we import steel from (see below). Financial Times via Mauldin Economics Secondly,using national security as an excuse to impose tariffsis really fraught with potential problems. TheFinancial Timesreport (well worth...
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Missouri lawmakers on Tuesday delivered Republican Gov. Eric Greitens a political win by sending him a wide-ranging bill tightening abortion regulations that would give the attorney general power to... prosecute …
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Missouri lawmakers on Tuesday delivered Republican Gov. Eric Greitens a political win by sending him a wide-ranging bill tightening abortion regulations that would give the attorney general power to... prosecute …
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Trump says Apple has plans toPresident Trump said Apple Inc. has committed to build three "big" manufacturing plants in the U.S., a move that would represent a major change in strategy for the world's most valuable company and... boost the White House's long-held promise to return overseas factory jobs to America. Trump told...
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