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Business News

Location American Business News for 17 August 2016

Prosper Reports $35M Loss as Revenue Plummets

American Banker - 17 Aug 2016 02:52
Prosper Reports $35M Loss as Revenue Plummets Like its peers, the San Francisco-based marketplace lender is struggling to manage the fallout of a sharp reversal in the interest of investors.
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Flea Market Style to revived by new owner

New York Post - 17 Aug 2016 06:04
Flea Market Style to revived by new owner Flea Market Style is making a comeback. If fact, a dozen of the magazines that were shuttered when the family-owned Harris Publications pulled the plug on its 70-title portfolio will be revived in the fourth quarter unde...
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The fintech ecosystem explained

Business Insider - 17 Aug 2016 17:30
The fintech ecosystem explained Shutterstock We’ve entered the most profound era of change for financial services companies since the 1970s brought us index mutual funds, discount brokers and ATMs. No firm is immune from the coming disruption and eve...
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Here's why the camera adds 10 pounds

Business Insider - 17 Aug 2016 21:21
Here's why the camera adds 10 pounds Click here for the post >
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From Fruit Vendor To Teacher, Spreading Good Will One Banana At A Time Is Abdulhamed Kharma nuts for giving away a free banana with most purchases? Of course he is, but it’s part of his goal to abide by the principle of his last name.
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Here's the difference between ice cream, gelato, soft serve, frozen custard, sherbet, sorbet, and frozen yogurt When the summer heat is on, there's almost nothing better than grabbing a frozen dessert to help you cool down. But from ice cream and gelato to soft serve and frozen yogurt, there are plenty of icy snacks you can choos...
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The 10 things in advertising you need to know today

Business Insider - 17 Aug 2016 14:14
The 10 things in advertising you need to know today Business Insider Good morning. Here's everything you need to know in the world of advertising today. 1. Some of ad tech company SteelHouse's former clients have signed declarations supporting Criteo's allegation that the...
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The world's worst performing currency right now is Mongolia's Tough times for the tugrik: Mongolia's currency is the world's worst-performing as the government battles an economic crisis, reports the BBC's Leisha Chi.
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Casino mogul not backing Trump or Clinton Billionaire casino magnate Steve Wynn says he hasn't "given a dime" to Donald Trump or Hillary Clinton, both of whom he describes as friends.
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Xbox Live is down for some

Venture Beat - 17 Aug 2016 22:00
Xbox Live is down for some You might have some trouble connecting online with your Xbox One today. Xbox Live’s core services — which includes signing into or managing an account — are experiencing errors today, causing some users to be unabl...
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American decathlete Ashton Eaton says tennis is the major pro sport requiring the most athleticism Cameron Spencer/Getty When a Native American named Jim Thorpe won the gold medal in the decathlon at the 1912 Summer Olympics in Stockholm, legend has it that King Gustav V of Sweden presented him the medal and said, �...
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Cisco to report earnings amid layoff reports

USA Today - 17 Aug 2016 18:55
Cisco to report earnings amid layoff reports Networking giant reportedly planning to reveal massive layoffs.          
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U.S. markets open slightly lower in anticipation of Fed minutes U.S. stocks are opening slightly lower Wednesday with phone companies and utilities continuing to take the biggest losses. Retailers traded on earnings reports. Target is down 7% and Lowe's is down 6% after each company ...
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Wal-Mart Investors Likely Interested In E-Commerce Strategy And Jet.com Purchase When Wal-Mart Stores reports Q2 earnings ahead of the market open on Thursday, analysts and investors already will be braced for a decline in profit amid top-line sales that are expected to be relatively flat compared t...
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Lowe's, Target Drag Down Stocks, As Investors Eye Fed Minutes U.S. stocks edged down as investors stayed cautious ahead of the release of the Federal Reserve's July minutes.
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One psychological skill you should master if you want to be successful Flickr/Staffan Scherz Several decades ago, the term 'mindfulness' implied Eastern mysticism related to the spiritual journey of a person, rooted in Buddhist, Hindu, and ancient Chinese philosophies. All these traditions ...
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Is There Any Commonality Between Valeant This Morning And Alibaba Last Week? VRX soaring on big smart money buy-in
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Why Big Pharma Gets A Failing Grade On Clinical Trial Transparency When Big Pharma doesn't fully disclose the results of all its clinical trials, both the industry and patients suffer consequences, says one bioethics expert.
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Apple to up China investment despite challenges Apple is pumping more money into China despite a series of setbacks in the huge but tricky market.
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SYDNEY/BEIJING
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Aetna decision exposes weaknesses in Obama's health-care law Large insurers are losing money in marketplaces, and addressing problem could lead to fight in Congress.
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FOMC Policy: New Rules Apply

Forbes - 18 Aug 2016 00:20
FOMC Policy: New Rules Apply When standard-bearer economic relationships no longer seem to apply, there is little sense in running a data dependent monetary policy. Reading through these minutes this seems to be the core debate among FOMC participan...
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