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Business News

Location American Business News for 14 February 2017

Why these big banks are retreating in auto lending

American Banker - 14 Feb 2017 04:08
JPMorgan Chase and Wells Fargo are among the large institutions that are making fewer car loans amid intense price competition and concerns about that lenders are at risk of bigger losses.
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Article 50: what comes next?

MoneyWeek - 14 Feb 2017 13:03
Now that MPs have voted through the bill to trigger Article 50, Matthew Partridge looks at the next stage of Brexit. The post Article 50: what comes next? was first published on MoneyWeek.
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GM and Toyota say U.S. restrictions on self-driving cars should be eased (Reuters) – General Motors and Toyota officials will tell a U.S. House panel on Tuesday that automakers need changes to automotive safety rules to allow the deployment of self-driving cars on American roads. “Without...
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A man accused of defrauding nearly 500 victims in what authorities describe as a $70 million Ponzi scheme has pleaded guilty in Ohio to federal charges including conspiracy to commit …
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Investors seeking out firms likely to stumble under Trump administration While the market continues to reach new highs nearly daily, some investors are making it their business to go the other way and bet against firms that would be hurt by Trump Administration's policies. Spruce Point Manage...
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TD Bank makes small-business push along East Coast

American Banker - 14 Feb 2017 00:08
The Toronto company will add as many as 75 small-business bankers in several of its key U.S. markets.
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LONDON/FRANKFURT
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A Wall Won't Secure the U.S.-Mexico Border, but Economic Policy Could

Harvard Business Review - 14 Feb 2017 15:05
And it would be cheaper.
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Inside San Francisco's 21st Century World's Fair It's been a while since we've had a World's Fair, but this might soon change. They've been redesigned as the "Worlds Fair Nano," and will be making their way across the states over the next few years. Here's what happens...
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Testimony from Fed Chairwoman Janet Yellen will be the focus for investors on Tuesday. The dollar was trading softer ahead of that.
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How to Protect Your Heart -- and Wallet -- on Valentine's Day Celebrate this Valentine's Day with your heart on your sleeve and your hand on your wallet.
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Higher energy prices boost producer inflation

Reuters - 14 Feb 2017 16:00
WASHINGTON
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(Reuters) - T-Mobile US Inc, the No.3 U.S. wireless carrier, reported quarterly profit and revenue above estimates as promotional offers helped add more subscribers.
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GM weighs sale of money-losing European division to French automaker GM hasn't turned a profit in Europe since 1999.        
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Burger King is giving away sex toys in 'adult meals' for Valentine's Day Trying to spice things up this Valentine's Day?        
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China's Electric Vehicle Market Hits the Skids

Wall Street Journal - 14 Feb 2017 13:31
Aggressive scaling back of broad-based state subsidies to promote electric cars seems to be at play in the fall of China's electric car market.
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Shares in Asia fell back after an early rally on Tuesday, as investors awaited comments to Congress by Federal Reserve chair Janet Yellen. KEEPING SCORE: Japan's Nikkei 225 index fell …
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NY lawmakers to hold hearing on education spending

Miami Herald - 14 Feb 2017 07:30
New York lawmakers are taking a look at state spending on elementary and secondary education in the tenth of 13 hearings on Gov. Andrew Cuomo's $152 billion 2017-18 budget proposal. …
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Man accused in $70M Ponzi scheme pleads guilty in Ohio

News Observer - 14 Feb 2017 07:28
A man accused of defrauding nearly 500 victims in what authorities describe as a $70 million Ponzi scheme has pleaded guilty in Ohio to federal charges including conspiracy to commit …
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In reversing its year-old ban on nudity, chief creative officer Cooper Hefner said that position was a mistake
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Asian stocks largely slipped Tuesday amid caution ahead of U.S. Federal Reserve Chairwoman Janet Yellen's upcoming congressional testimony, as signs build that the Trump-driven reflation trade is back.
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Pershing Square and Valeant agree to split legal costs

New York Post - 14 Feb 2017 05:47
Pershing Square and Valeant agree to split legal costs Bill Ackman's Pershing Square and Valeant Pharmaceuticals have reached an agreement to evenly split legal costs in their nearly two-year long battle against Allergan shareholders. In June 2015, Allergan shareholders sued...
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