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Business News

Location American Business News for 5 October 2016

CFPB Deluged With Letters on Payday Lending Plan

American Banker - 5 Oct 2016 23:30
CFPB Deluged With Letters on Payday Lending Plan The agency said Wednesday it has received more than 500,000 comments on the proposal — and many more may be filed in the coming days.
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Factory orders unexpectedly rose

Business Insider - 5 Oct 2016 16:00
Factory orders unexpectedly rose Thomson Reuters Factory orders unexpectedly rose by 0.2% in August month-over-month, according to a report from the Commerce Department on Wednesday. Meanwhile, economists had forecast that factory orders fell by 0.2%, ...
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One Chart That Shows How Wells Fargo's Fake Account Scandal Is Hurting Shareholders Since the fake accounts scandal erupted in September, Wells Fargo's stock has been a much bigger loser than rivals.
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Yahoo secretly scanned customer emails for U.S. intelligence, sources say SAN FRANCISCO (By Joseph Menn, Reuters) – Yahoo Inc last year secretly built a custom software program to search all of its customers’ incoming emails for specific information provided by U.S. intelligence officials,...
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How Trump's plan for mass deportations could hurt the economy Gregory Daco, chief US economist at Oxford Economics lays out how Donald Trump's proposal to deport millions of undocumented immigrants could have adverse effects on the US economy. Produced by Arielle Berger and Lamar S...
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Wells Fargo Chief Executive John Stumpf may get a third grilling by lawmakers over the fake account scandal that continues to embroil the San Francisco bank.
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How a one-armed Gurkha fought 200 Japanese troops with a bolt-action rifle via We Are The Mighty The martial tradition, training, and dominating warrior spirit of Gurkhas means they will do things in a fight that wouldn’t occur to even the most seasoned combat veterans. Gurkhas will fight ou...
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I paid off $40,000 of student loans in a year and a half on a teacher's salary -- here are 5 things you should do if you want to get out of debt fast Bobby Hoyt I was basically the picture of an average millennial fresh out of college. I hadn't really been taught anything about personal finance, had a shiny degree, and held almost $40,000 of student loan debt that I h...
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Dow surges about 100 points as Wall Street seeks 1st up day of Q4 U.S. stocks look to rebound after a slow start to the final quarter of 2016.          
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How Walmart plans to transform the way we buy groceries

Washington Post - 5 Oct 2016 16:08
How Walmart plans to transform the way we buy groceries The big-box giant has a big idea to crack the online grocery puzzle. (It's not delivery.)
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(Reuters) - U.S. seeds and agrochemicals company Monsanto Co , which agreed last month to be bought by Germany's Bayer AG for $66 billion, reported a surprise adjusted profit, helped by a drop in expenses and higher corn...
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Flight attendants share 16 things most people don't know about the job laszlo-photo / Creative Commons Despite the frequency with which people fly these days, flight attendants' jobs are still, surprisingly, shrouded in a fair amount of mystery. In fact, we know so little about what they do...
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Disney's multibillion-dollar Shanghai park is off to a disappointing start © AFP/File Johannes Eisele Early visitor numbers to mainland China’s first Disneyland in Shanghai have been disappointing, according to experts, proving even the “happiest place on earth” isn’t immune to the whi...
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A close look at a Nobel Prize winner's valuation metric shows that the market isn't as highly valued as it appears.
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Richard Branson's Dream Is to Build 'Sexy' Hotels in Space The billionaire entrepreneur isn't the first to talk about building hotels beyond Earth's atmosphere--but his vision comes with a distinctly Virgin flair.
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13 eerie photos that take you inside America's abandoned mental hospitals Christopher Payne Massive mental hospitals, some of which once housed hundreds of thousands of patients, were the primary mode of treatment for those with mental illnesses for centuries. But by the 1960s, asylums all ove...
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Google's self-driving cars hit 2 million miles

USA Today - 5 Oct 2016 18:07
Google's self-driving cars hit 2 million miles New project leader Dolgov tells USA TODAY autonomous tech is all about the road time, not the PR.          
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Here's the full text of Steve Jobs' famous Stanford commencement speech (AAPL) YouTube/Stanford Published below is the full text of a commencement speech former Apple CEO Steve Jobs gave at Stanford University in 2005. It's a well-known speech, and one of Jobs' most notable public appearances. It's...
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WASHINGTON
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Guide to Startup Success in Any Economy

Forbes - 5 Oct 2016 16:36
Guide to Startup Success in Any Economy Small businesses are the lifeblood of the economy, creating countless jobs and driving innovation. However, according to the U.S. Census Bureau, for the first time since the agency began tracking small businesses thirty ...
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Hedge Fund Elliott Management Calls For Samsung Electronics To List Its Shares On The Nasdaq Hedge fund Elliott Management is pressing for Samsung Electronics, the maker of the Galaxy Note smartphone, to list its shares on the Nasdaq.
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Wall Street analysts think Apple's next big opportunity is something called the 'Ambient Paradigm' (AAPL) REUTERS/Stringer "Investors don't seem to have much faith in Apple's future," UBS analysts Steven Milunovich and Benjamin Wilson wrote in a note distributed to clients on Wednesday. Simply put, only 11% of Apple's market...
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