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Business News

Location American Business News for 15 July 2016
Microsoft Doesn't Have to Turn Over Emails Stored Outside the U.S., Court Says The software giant had warned of a global privacy "free for all"
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Scope AR raises $2 million seed round for enterprise AR EXCLUSIVE: Scope AR has raised $2 million in a seed round of funding to expand its enterprise platform for augmented reality. The money came from Susa Ventures, Presence Capital Fund, and New Stack Ventures. AR has been ...
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Line's IPO jumps 36% on Japanese exchange following strong U.S. debut Despite big competitive challenges, Japanese messaging app Line saw its stock soar almost 50 percent today in its first day of trading on the Tokyo Stock Exchange. The debut was part two of a dual stock offering for the ...
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Marlin Equity Partners closes $360 million pot, its first dedicated fund for Europe Marlin Equity Partners, a global investment firm with hubs in Los Angeles and London, has closed a €325 million ($360 million) fund in what represents the VC firm’s first dedicated pot aimed at European companies. Th...
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Bill Ackman continues crusade against Herbalife after $1B hit In almost four years, Bill Ackman has yet to deliver a fatal blow to Herbalife. On Thursday, the Pershing Square founder and chief executive trotted out his familiar defense once again on his $1 billion short, continuing...
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5 reasons couples divorce after many years of marriage

Business Insider - 15 Jul 2016 16:14
5 reasons couples divorce after many years of marriage If you or someone you know recently divorced after 20 or more years together, you're not alone. Splitting up later in life, sometimes called "gray divorce," is on the upswing. In 2010, one in four divorces occurred among...
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Haptik built an A.I. personal assistant in India. Here's what they learned There are bots that can tell you the weather report for California. A new bot from Whole Foods Market can feed you recipes as you shop. Of the 11,000 chatbots now on Facebook Messenger, the vast majority are for U.S. use...
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Halvorsen Funds Company Buying Neglected Drugs, Gets Stakes In 2 Biotechs Andreas Halvorsen (Trades, Portfolio)’s Viking Global Investors said Wednesday it had invested in one of biotech’s hottest companies and in the process two of the companies it is involved in. Roivant Sciences, a comp...
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BP's big bill for the world's largest oil spill reaches $61.6 billion The cost is bigger than the value of brand-name automakers, electrical utilities and others.
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Atlanta bank sees 8,000 new accounts after rapper's shoutout Citizens Trust, a black-owned bank in Atlanta, has seen more than 8,000 people open new accounts over five days after activist and hip-hop star Killer Mike urged black Atlantans to open up accounts at the community lende...
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Brexit Doesn't Mean the End of Globalization

The Huffington Post - 15 Jul 2016 04:16
Brexit Doesn't Mean the End of Globalization Brexit. It's more than England leaving the EU we hear. Among other untoward things it's the end of Globalization. "Globalization" has been around for over 50,000 years according to Nayan Chandra, author of Bound Together...
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Fifth Third's CRA Downgrade Could Restrict M&A

American Banker - 15 Jul 2016 00:42
The $140 billion-asset company disclosed Thursday in a regulatory filing that the Federal Reserve Board downgraded its Community Reinvestment Act rating to "needs to improve."
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Maximize Your Learning in Short-Term Assignments

Harvard Business Review - 15 Jul 2016 16:00
The potential for development is still there.
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SurveyMonkey goes political with election tracking tool Ahead of the Republican and Democratic National Conventions, SurveyMonkey has launched a tool designed to provide real-time tracking of political polling across presidential, senatorial, and gubernatorial races in the U....
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'Twitch plays politics': Gaming service to stream GOP and Dem conventions Twitch has announced that it plans to livestream the upcoming political conventions giving people who are already fed up with the current election season and depressed by their political choices a whole new forum to conf...
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Fiat Chrysler creates 1,000 new jobs with $1B plant plan Fiat Chrysler Automobiles plans to spend $1 billion to retool its plants in Toledo, Ohio, and Belvidere, Ill., and create 1,000 new jobs          
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China's 2Q Economic Growth Steady, Signaling Stabilization China's economic growth held steady in the most recent quarter, according to official data released Friday, indicating Beijing's policy measures aimed at countering the slowdown in the world's second biggest economy are ...
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Uber and Snapchat lead Q2's $15.3 billion in venture investments Uber and Snapchat accounted for a huge chunk of the $15.3 billion invested by venture capitalists in the second quarter of 2016, according to the MoneyTree Report from PricewaterhouseCoopers (PwC) and the National Ventur...
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Meet the Woman Shaking Up Tech's Most Exclusive Boys' Club By Samantha Parent Walravens and Heather Cabot
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A.I. and chatbots: How they'll impact your bottom line (VB Live) VB LIVE: Bots, done right, are the cutting-edge form of interactive communications that captivate and engage users. But what kind of potential do they have for sales, customer support and the bottom line? Tobias Goebel, ...
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Social media meets with tragedy once again, responding with cartoons and powerful images as the internet attempts to cope with news that a truck barreled across bystanders in southern France.
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Wells Fargo Q2 income dips 2.8% as community banking earnings fall Wells Fargo & Co. said Friday its second quarter net income dipped 2.8% as mortgage banking revenue and equity investment earnings fell.          
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