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Location American Business News for 14 September 2016
TRUMP: Claims of global warming still 'need to be investigated' Thomson Reuters Donald Trump, Hillary Clinton, and Jill Stein have all answered 20 questions from the website sciencedebate.org about science. Particularly interesting are their answers to this question (emphasis mine): ...
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U.S. household incomes soared in 2015, recording biggest gain in decades A 5.2% increase, to $56,500, is accompanied by a steep decline in the poverty rate.
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Ivanka Trump says working women are punished for having kids, and her father has a plan to fix it Click for the story>
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Can Wells' Stumpf Survive Storm Over Phony Accounts?

American Banker - 14 Sep 2016 23:07
Can Wells' Stumpf Survive Storm Over Phony Accounts? John Stumpf was coasting toward a carefully planned retirement. But the outcry over sham accounts at the San Francisco bank has put him in a precarious position as he testifies in front of Congress next week.
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Stripe acquires app prototyping startup Tonic

Venture Beat - 14 Sep 2016 01:25
Stripe acquires app prototyping startup Tonic Stripe announced on Tuesday that it has acquired Tonic, an app development and prototyping service, in a move meant to shore up its developer offering. While financial terms of the deal weren’t disclosed, it was reveal...
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This innovative kitchen gadget will change the way you cook breakfast The Insider Picks team writes about stuff we think you'll like. Business Insider has affiliate partnerships so we may get a share of the revenue from your purchase. Hamilton BeachYou've probably heard that "breakfast i...
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Huntington Bancshares in Columbus, Ohio, is wasting no time capitalizing on its purchase of FirstMerit in Akron, Ohio.
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PNC Seeking to Sell BlackRock Stake Valued at $12B

American Banker - 14 Sep 2016 18:41
PNC Financial Services Group wants to sell its stake in BlackRock, the world's largest asset manager, a deal that could fetch about $12 billion.
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Wells Fargo CEO pledges to stamp out bad behavior. 'I feel accountable.' The San Francisco-based bank has been thrown into a harsh spotlight since regulators said it created 2 million accounts customers didn't ask for.
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Animated map shows where the largest earthquakes of the past 100 years have struck The US Geological Survey (USGS) estimates that millions of earthquakes occur every year, but only one of them will be a "great earthquake" -- that is, one with a magnitude of 8.0 or above. Here are where all the "great ...
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Tidal bleeding money as it dishes out royalty payments

New York Post - 14 Sep 2016 05:44
Tidal bleeding money as it dishes out royalty payments Jay Z's artist-owned music service has been streaming red ink, according to filing by its former parent company. Tidal, the streaming service Jay Z acquired last year from Sweden's Aspiro, lost $28 million in 2015 -- or ...
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Wells Fargo CEO Will Face Warren in Senate Hearing Next Week Wells Fargo Chairman and CEO John G. Stumpf said Tuesday that he will answer questions over millions of illegal accounts at a Senate hearing next week
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Here's why this housing market boom is different

Business Insider - 14 Sep 2016 00:00
Here's why this housing market boom is different Larry Downing/Reuters The US housing market is healthy, but some market participants worry it may be starting to heat up too much. We think that’s a mistake—and an opportunity. That’s because mortgages today have l...
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Memo to Tim Cook: Make Apple Great Again Apple could completely transform the world of computing by making most of its products obsolete.
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Online retailers are struggling to meet the high standard Amazon set for delivering orders Screenshot / YouTube Amazon.com has set a standard for delivering online orders that other companies have struggled to meet. On the positive side for other digital retailers, their shipping times have been steadily impr...
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9/11 had a significant impact on how architects designed new buildings REUTERS/Mike Segar When buildings collapse killing hundreds – or thousands – of people, it’s a tragedy. It’s also an important engineering problem. The 1995 collapse of the Alfred P. Murrah Federal Building in Ok...
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The NCAA's decision to pull championship games out of North Carolina this academic year will cost the state an estimated $19 million in lost economic activity, primarily in Greensboro and …
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Mark Cuban sounds off on the iPhone 7: 'They needed it'

Business Insider - 14 Sep 2016 00:41
Mark Cuban sounds off on the iPhone 7: 'They needed it' Apple/Getty/Business Insider Billionaire businessman Mark Cuban said Apple "needed" the release of the newly-revealed iPhone 7, even if "it wasn't revolutionary."  The owner of the NBA's Dallas Mavericks and star of A...
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'Jokers' and 'sellouts': The cockiest guy in self-driving cars just roasted his competition Comma.ai George Hotz is known for not holding back. Hotz got famous as a teen hacker with a talent for breaking into devices like the original iPhone and PlayStation 3. Now he's got a self-driving car startup, Comma.ai,...
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Minimum-Volatility Funds Still Have Merit

Barron's - 14 Sep 2016 20:16
Minimum-Volatility Funds Still Have Merit Skeptics say these popular funds are poised for a fall. But that argument ignores their main benefit.
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California Bank Turns to SBA Lending After Regulatory Nudge For First Foundation, the government-backed program should help address a recent CRA exam's criticism that it has "poor penetration among businesses of different revenue sizes."
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There's Still Hope For Email--But You'll Have To Pay For It Disruptive new email apps are targeting businesses and power users, rather than the mass market. Disruptive new email apps are targeting businesses and power users, rather than the mass market. It's hard to believe that ...
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