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Business News

Location American Business News for 27 June 2016

Influencers vs Celebrities - Who Comes Out on Top?

The Huffington Post - 27 Jun 2016 20:27
Influencers vs Celebrities - Who Comes Out on Top? By Donna Amey, Social Influence Director, FinchFactor There are now very few brands that aren’t working with influencers in some capacity. In fact, according to recent research just 18% aren’t. And they’re not jus...
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US stocks continue Brexit sell-off, down 235 points

New York Post - 27 Jun 2016 16:57
US stocks continue Brexit sell-off, down 235 points US stocks continued their slide Monday in the wake of last week's Brexit vote -- although in a more muted fashion. The Dow Jones industrial average fell 235 points, or 1.4 percent, to 17.1164.84 -- after a 3.4 percent dr...
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After losing more than $2 trillion worldwide on "Black Friday," investors wonder how much is at stake this "Brexit Monday"
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Brexit: The Latest Catch-All Excuse for Everyday Problems

Wall Street Journal - 27 Jun 2016 16:06
Companies are quickly issuing post-Brexit profit warnings--a helpful cover for companies' more mundane troubles.
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After 'Brexit,' a Splitting Hangover for the City of London

The New York Times - 27 Jun 2016 02:41
After 'Brexit,' a Splitting Hangover for the City of London It's an uncertain new day for financial professionals in Britain, many of whom see 'Brexit' leaving hard-won clout behind.
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Saudi Arabia Is Changing Its Tone In The Oil Market Saudi Arabia is talking the oil market up lately. That's a big change from a few months when it was talking the market down.  In fact, Saudi Arabia has been doing much more than talking the oil market up -- it has been ...
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Will Reg Scrutiny of CRE Levels Force More Banks to Sell?

American Banker - 27 Jun 2016 20:47
Suffolk Bancorp said increased oversight of commercial real estate contributed to – and may have accelerated – its decision to sell to People's United. Other banks could make a similar choice.
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The UK recovery had to end exactly like this, exactly like so many of its post-war expansions -- with the currency plummeting. No economy can forever expand with its current account deficit exploding while its currency�...
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Skullcandy Approves $177M Purchase Offer By Incipio: Any Other Takers? Skullcandy has approved a purchase offer worth $177 million from accessory company Incipio. Will another company make a bigger offer to acquire the headphone and headset maker?
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British EU Vote Unnerves World Leaders And Markets

The Huffington Post - 27 Jun 2016 04:22
British EU Vote Unnerves World Leaders And Markets Britain plunged deeper into political crisis on Sunday after its vote to leave the European Union last Thursday, leaving world officials and financial markets confused about how to handle the political and economic fallo...
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Investor looking to freeze out fellow billionaire in Caesars fight Leon Black doesn't even want to deal with fellow billionaire investor David Tepper in the fight over Caesars Entertainment. The casino giant, owned by Black's Apollo Global Management and TPG Capital, is looking to win o...
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(Reuters) - Britain is likely to enter a recession within the year as a result of last week's vote to leave the European Union, a decision that will stunt global economic growth as well, Goldman Sachs' top economists sai...
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3 Hiring Lessons You Need To Learn From Goldman Sachs' Big Changes In the era of internet dominated business, virtual communication, and shifting economic landscapes, hiring the right people has never been more crucial. Use these three hiring lessons as you build your team in the ever-c...
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Why Some Big Insurers Lack 'Brexit' Cover

Wall Street Journal - 27 Jun 2016 17:04
Market volatility after the U.K. referendum to leave the EU threatens banks first, insurers and fund managers next.
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Dow, off 310, slammed again on "Brexit Blues"

USA Today - 27 Jun 2016 16:52
Dow, off 310, slammed again on Markets trade in risk-off mode as fallout from UK voting to leave the E.U. continues.          
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'Brexit': The U.K.'s New Political Risk Equation

Wall Street Journal - 27 Jun 2016 16:43
The pain goes on for the pound. The U.K.'s reputation as a haven has been tarnished.
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How Will Brexit Affect Silicon Valley? It's Anybody's Guess It could be two years before the UK completes its Brexit and shuts the door behind itself. Still, that's not stopping any of us from taking a stab at what the impact UK's EU exit will have on Britain and Silicon Valley.
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Pepsi to use aspartame again, despite health concerns PepsiCo is putting aspartame back in some of its diet beverages less than a year after pulling the artificial sweetener as part of a marketing move over safety concerns. Aspartame had been linked to cancer in lab mice, a...
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How 'Brexit' Impacts China

Forbes - 27 Jun 2016 15:42
How 'Brexit' Impacts China Markets witnessed the unrelenting firepower of the People's Bank of China on Monday.
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Asian stocks struggle to shake uncertainty sparked by Brexit Sentiment remained weak and trading was volatile, even if the worst of the turmoil seen on Friday, when global stock markets suffered their biggest decline in nearly five years, had eased
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The DoNotPay bot has beaten 160,000 traffic tickets -- and counting A bot made to challenge traffic tickets has been used more than 9,000 times by New Yorkers, according to DoNotPay maker Joshua Browder. The bot was made available to New Yorkers in March. In recent years and decades, res...
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New Crowdfunding Rules Could Do More Harm Than Good For Some Startups New rules that allow startups to raise capital by selling equity shares in the business could their jumpstart fundraising efforts. But the promising alternative way to attract investors also holds the potential for miss...
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