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Business News

Location American Business News for 22 August 2016
'Safe' Accounts for Unbanked on Rise; Do They Do Much Good? U.S. Bancorp is the latest big bank to offer an overdraft-free account. Skeptics are questioning how many Americans are benefiting from these products, and want banks to do more to market them.
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Asian stocks mixed ahead of Fed meeting

Miami Herald - 22 Aug 2016 08:15
Asian stocks meandered on Monday as investors looked ahead to the Fed's meeting in Jackson Hole, Wyoming, for clues on timing for possible interest rate hikes. …
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Behold the new mega innovation company

Venture Beat - 22 Aug 2016 06:17
Behold the new mega innovation company GUEST: If you think things are weird now in the tech world, they're about to get a whole lot weirder. Today's tech companies can no longer rely on breakthroughs, robust patent portfolios, or one dominant revenue stream. ...
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Tourism 'will hold up' after Brexit

BBC - 22 Aug 2016 18:32
Tourism 'will hold up' after Brexit Tourism in the UK will "hold up well" in 2016 after the Brexit vote but fewer jobs than expected will be created in the longer term, executives have said.
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Epic fight for control of U.S. media giant is over Viacom's settlement deal between outgoing CEO Philippe Dauman and the Redstones is official.
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In a middle-class city in China a family sits down for an evening dinner. The kids run around the table, the parents set the food out and call for their energetic boys to sit. …
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By 4 To 1 Margin, Business Economists Say Clinton Would Manage Economy Better Than Trump The verdict is in: a majority of business economists say that Hillary Clinton would do a better job than Donald Trump at managing the American economy.
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Driverless Cars Are Missing A Human Touch

Forbes - 22 Aug 2016 20:36
Driverless Cars Are Missing A Human Touch Driverless cars appear to not be ready for prime time, although drivers distracted by digital media may be just as dangerous. Cartoon by Ed Hall.
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Wall Street opens lower as oil prices drop

Reuters - 22 Aug 2016 17:53
(Reuters) - Wall Street opened lower on Monday as oil prices dropped the most in four weeks and investors weighed the prospects of an interest rate hike in the coming months.
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Pfizer and Medivation reportedly close to $14bn deal US pharmaceutical giant Pfizer is reportedly in advanced talks to buy cancer drug firm Medivation for about $14bn (£10.7bn).
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Data privacy startup Virtru secures $29 million

Venture Beat - 22 Aug 2016 21:41
Data privacy startup Virtru secures $29 million Bessemer Venture Partners led a $29 million investment for data privacy startup Virtru, the Washington, D.C.-based security software developer announced today. The series A capital will help Virtru build new products and...
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Pregnant women and mums 'losing out' in workplace More help is needed to stop pregnant women and new mothers from "losing out" in the workplace, Citizens Advice says.
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Kobe Bryant Reveals $100 Million Fund For Tech, Media And Data Retired NBA superstar Kobe Bryant is now managing a $100 million venture capital fund focused on investments in the technology, media and data space.
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Moving To Canada After The Presidential Election? Be Careful With Taxes If you say 'Never Trump' or 'Never Hillary', you can always move after the election. But careful how you do it, don't assume you'll save tax-wise, and keep good documentation.
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Startups Venturing Into Highly Regulated Industries Can Learn From Fintech's Playbook Fintech startups have had to learn to work with old-line banks. Other entrepreneurs can learn from their experiences.
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President Barack Obama's troubled Pacific-region trade deal is threatening to become a foreign policy failure, analysts said.
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Wish You Could Be a Philanthropist AND Impact Investor? A New Fund Lets You Do Both What if you could start your own foundation - but with no administrative hassles or set-up costs?
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Japanese chip maker Renesas Electronics Corp. on Monday said it is in talks to buy U.S.-based chip maker Intersil Corp., a move that could strengthen the Japanese company's business of making semiconductor components for...
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The 26 trickiest questions you'll have to answer if you want to work at Goldman Sachs REUTERS/ Pascal Lauener To get a job at Goldman Sachs, you've got to know your stuff. But financial knowledge alone isn't enough to land you a highly coveted gig at the financial giant. To make the cut, you'll need to p...
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Twitter rolling out night mode for iOS

Venture Beat - 22 Aug 2016 20:38
Twitter rolling out night mode for iOS Weeks after Twitter’s Android app received support for night mode, its iOS counterpart is also getting it. The company announced that the feature is rolling out to all users starting today. When night mode is enabled, ...
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Watch Mike Pence laugh over Trump's claim that he will have 95% of the black vote in 2020 When asked about Donald Trump's claim that he will have 95% of the African American vote in 2020, Trump's VP Mike Pence laughed.  Follow BI Video: On Twitter
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The unbelievable life of the forgotten genius who turned Americans' space dreams into reality 20th Century Fox / YouTube "There's no protocol for women attending," says a white man in a suit holding a sheaf of papers. "There's no protocol for a man circling the Earth either, sir," Taraji P. Henson retorts in my f...
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