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Business News

Location American Business News for 2 February 2017
Judge Orders Trump Golf Club To Pay Nearly $6 Million To Former Members A federal judge in Florida on Wednesday directed a golf club owned by U.S. President Donald Trump to pay $5.77 million to former members who claimed it wrongfully refused to refund their deposits after Trump took over in...
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Facebook Ready to Post More Upside

Barron's - 2 Feb 2017 19:59
Facebook Ready to Post More Upside Over the long term, the biggest incremental drivers are share gains in video and monetization of messaging.
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Sony says it won't sell struggling movie, TV businesses Sony Corp. said it won't sell its struggling movie and TV business after a string of Hollywood flops including last year's "Ghostbusters" helped fuel a a $1 billion writedown. Instead, Toyko execs said they aim to turn i...
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Stifel 'Will Always Look at Good Deals': CEO

ThinkAdvisor - 2 Feb 2017 21:40
In the fourth quarter, profits more than doubled at the financial firm, which has 2,282 financial advisors.
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7 things you shouldn't tell your kids about money

Business Insider - 2 Feb 2017 18:35
7 things you shouldn't tell your kids about money frankieleon/Flickr Most kids are, understandably, clueless about money. But since our attitudes, behaviors, and general knowledge about money come directly from our parents, the responsibility for teaching naturally fall...
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Merryn Somerset Webb gives an update on the progress of the MoneyWeek portfolio of investment trusts, and makes one change. The post MoneyWeek's model investment trust portfolio - update February 2017 was first published...
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Airport sets passenger-traffic record for 2016

Miami Herald - 2 Feb 2017 16:58
The Portland International Jetport says it's reached a record year for passenger traffic in 2016. It recorded 1,785,649 passengers. That's more than 2015's total of 1,728,746 passengers, an increase of …
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Ralph Lauren CEO to depart, shares down 10%

USA Today - 2 Feb 2017 16:50
Ralph Lauren CEO to depart, shares down 10% Ralph Lauren Corp. will look for a new CEO.        
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How Stand-Up Comedy Taught Me That Approval Is Overrated You don't get better if you're just trying to affirm how good you already are. This writer learned that when she took the mic. You don't get better if you're just trying to affirm how good you already are. This writer le...
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IRS Professional Responsibility Lawyer Charged In Drug Distribution Conspiracy At tax time each year, stories of tax cheats brought to justice deter would be tax cheats. But this time, and IRS lawyer has been arrested for drug charges.
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An explicit government guarantee of Fannie Mae and Freddie Mac is imperative to reform the secondary market, but it needs to be carefully circumscribed.
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3D Systems Health-Care Buy a Solid Strategy

Barron's - 2 Feb 2017 18:47
3D Systems Health-Care Buy a Solid Strategy The acquisition of Vertex-Global gives access to digital dentistry, an addressable market with "multibillion dollars."
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The market for alternative-protein products

The Economist - 2 Feb 2017 17:47
The market for alternative-protein products MOST people like to eat meat. As they grow richer they eat more of it. For individuals, that is good. Meat is nutritious. In particular, it packs much more protein per kilogram than plants do. But animals have to eat pla...
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What Business Leaders Really Mean When They Say We Need More Innovation Creative breakthroughs are driven by your team's ability to truly understand the people they serve.
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Snap's secrecy is frustrating banks looking for IPO glory

Business Insider - 2 Feb 2017 16:58
Snap's secrecy is frustrating banks looking for IPO glory Thomson Reuters Some investment banks seeking to be added as underwriters to Snapchat owner Snap Inc's initial public offering registration document have been denied access to review it before it is made public this week...
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Zuckerberg: Bonds between strangers can help in divisive times The Facebook CEO says its Groups feature will help people form tighter bonds in 2017.        
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Stocks lower amid political uncertainty

USA Today - 2 Feb 2017 16:48
Stocks lower amid political uncertainty Investors remain uncertain about some of President Trump's policies.        
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'What the f--- kind of bank is this?': The moment the biggest financial conspiracy ever seen started to fall apart REUTERS It was the momentthe biggest financial conspiracy ever seen started to fall apart. "What the f*** kind of bank is this?" Chris Cecere,a Citigroup executive based in Japan, was asking Andrew Morton, a London-based...
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Bank of England jacks up forecast for 2017 The Bank of England upgraded its growth expectations for 2017 on Thursday, offering a much rosier view of Britain's economic prospects than the doom and gloom forecasts it produced in the wake of the Brexit vote.
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Charter/Time Warner Cable Sued Over Slow Internet Speeds The New York Attorney General has sued Charter/Time Warner Cable over internet speeds far lower than promised and advertised. The lawsuit alleges that Spectrum-TWC has been blatantly ripping off consumers.
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Honda explains why a Super Bowl ad is worth every dollar

Business Insider - 2 Feb 2017 16:30
Honda explains why a Super Bowl ad is worth every dollar Honda/YouTube Honda is returning to the Super Bowl this weekend with an all-star ad that encourages viewers to follow their dreams. The ad features the high school yearbook photos of celebrities including Jimmy Kimmel, M...
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SAPVoice: Here's What Blockchain Can And Cannot Do For Insurers Right Now Innovations like blockchain technology are not necessarily bad for insurance workers, representing an amazing opportunity for the insurance industry at-large to redefine the value it delivers to customers. Here's what bl...
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