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Business News

Location American Business News for 26 July 2016
Shares in Japanese games company Nintendo have fallen for a second day, adding to Monday's record loss, after the firm said that Pokemon Go's success would have a limited impact on its profits.
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Oil prices fall to 3-month lows

CNN - 26 Jul 2016 17:26
Oil prices fall to 3-month lows Crude wasn't invited to the big party on Wall Street this month. Oil prices have been slumping as concerns about oversupply return, especially as U.S. oil companies start drilling more again.
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Sanders, Warren Target Big Banks in DNC Keynote Addresses

American Banker - 26 Jul 2016 08:05
Sanders, Warren Target Big Banks in DNC Keynote Addresses Sens. Bernie Sanders, D-Vt., and Elizabeth Warren, D-Mass., said presumptive Democratic presidential nominee Hillary Clinton will ensure big banks do not again threaten the financial system.
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McDonald's misses profit forecasts, sales disappoint Chain still recorded positive sales growth at existing locations for fourth quarter in a row.          
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Business travelers run up the tab at surprising fast-casual restaurant A new study from Certify says the highest corporate tabs are at these restaurants.          
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What's the future for Yahoo CEO Marissa Mayer?

The Guardian - 26 Jul 2016 15:00
What's the future for Yahoo CEO Marissa Mayer? Mayer's hiring in 2012 was deemed a 'coup' but costly gambles, such as the $1.1bn acquisition of Tumblr, came to epitomize her doomed effort to reinvent Yahoo The sale of Yahoo to Verizon for $4.83bn (£3.62bn) marks the...
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Company's picks are the pick of bluegrass musicians Blue Chip Picks make top-of-the-line banjo, guitar and mandolin picks, but the bottom line can't sustain the company's owner, employees.          
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Secrets From One Woman's Round-The-World Search For Good Hair How this entrepreneur turned her passion into a career that combines work and travel and helps women in other countries.
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General Motors puts $1bn India plan on hold General Motors puts on hold a planned $1bn (£800m) investment in India, as it reassesses its strategy in the country.
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A teen made $43K on these stocks in 3 years Read full story for latest details.
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Stocks flat on mixed earnings and as Fed kicks off 2-day meeting Six Dow components reported earnings before the opening bell Tuesday.          
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General Mills Expands Massive Flour Recall After Even More Illnesses General Mills has expanded its massive flour recall after four more people reported sickness from E. coli likely found in the baking product. Forty-six people have been sickened so so far during a flour recall that just...
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There's No Business Like The Arms Business

The Huffington Post - 26 Jul 2016 17:19
There's No Business Like The Arms Business Weapons 'R' Us (But You'd Never Know It) Cross-posted with TomDispatch.com When American firms dominate a global market worth more than $70 billion a year, you’d expect to hear about it.  Not so with the global arms t...
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Fed likely to upgrade outlook, stay mum on rates

USA Today - 26 Jul 2016 14:32
Fed likely to upgrade outlook, stay mum on rates The labor market and stocks have rebounded, but global risks continue to hover          
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These 100 Organizations Are Changing The Way We Work I've created an open source list to collect unique individuals, companies, and organizations that are transforming the workplace. Add yourself and pass it on.
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General Mills is expanding a flour recall issued over a possible link to an E. coli outbreak after four new illnesses were reported. …
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We are roughly one year removed from the flash crash of Aug. 24, 2015.
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Is Size an Advantage? Not Always, Our Ranking of Regional Banks Shows The combination of higher regulatory expenses andreduced income from interchange fees is taking a toll on the profitability of banks with $10 billion to $50 billion of assets.
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Why this Entrepreneur Chose Significance Over Success Debra Tranterclimbed the ladder to career success to find out she was much happier witha life of significance.
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Verizon dinged by strike, aims high with Yahoo

USA Today - 26 Jul 2016 17:16
Verizon dinged by strike, aims high with Yahoo A seven-week strike resulted in mixed earnings for Verizon in the second quarter of 2016.          
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Apple buys Carpool Karaoke series, will distribute it on Apple Music Apple today announced that it has agreed to exclusively license the Carpool Karaoke series, which was originally part of “The Late Late Show With James Corden” on CBS. CBS Television Studios will produce the show alo...
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This is the first rumor we've seen about the 2018 iPhone, and it's a real doozy (AAPL) HBO A fresh leak from DigiTimes, first spotted by 9to5Mac, claims Apple's iPhone coming in 2018 will come with an eye scanner. It's still not clear what an eye scanner could be for, but DigiTimes suggests that eye scan...
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