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Business News

Location American Business News for 1 March 2017
Invest Like Al Gore: Buy Amazon, Sell Qualcomm An inconvenient truth for those who dislike the former veep: Gore's firm is trashing the stalwart S&P 500 index.
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How To Create Your Best Real Life On The Non Linear Path To Career Success As an entrepreneur, she expects at least ten things to not go as planned each day. This four-time founder explains this part of the gig and how she deals with it.
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Wells Fargo settles for $2.64M in employee OT suit

New York Post - 1 Mar 2017 06:44
Wells Fargo settles for $2.64M in employee OT suit Wells Fargo agreed to pay $2.46 million to more than 1,000 employees on Tuesday to settle a lawsuit accusing the company of cheating workers on pay. The San Francisco-based bank "intentionally" deducted wages and withhel...
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How YouTube's new $35-a-month cable competitor could fix the biggest flaw of its rivals (GOOG, GOOGL) Getty Images On Tuesday, YouTube unveiled YouTube TV, its $35-a-monthcompetitor to cable TV, which delivers a package of streaming channels over the internet. With YouTube TV, the companyis jumping into an increasingly c...
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Subways Denies Report That 50% Of Its Chicken Is Not Really Chicken If it's not chicken, what could it be?
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Why subprime auto is suffering, even in good times

American Banker - 1 Mar 2017 22:08
Longer loan terms may be compounding losses when cars are repossessed, a portfolio manager says.
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Trump's Trade Retreat Could Hurt Push for Labor Rights Abroad The T.P.P. and other trade deals required tougher labor and environment measures. Some call them fig leaves, but others bemoan their loss.
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Banks cautiously optimistic about growth, lending: Fed

American Banker - 1 Mar 2017 22:08
Banks are seeing mostly positive or neutral trends in loan demand and broader economic indicators in the first six weeks of 2017 and are upbeat about future prospects, according to the Fed's Beige Book.
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QVC Stock Cheap, but Requires Patience

Barron's - 1 Mar 2017 20:30
QVC Stock Cheap, but Requires Patience The home-shopping network is a very compelling opportunity even if a U.S. sales recovery hasn't materialized yet.
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Apple, Samsung to Boost Cypress

Barron's - 1 Mar 2017 18:17
Apple, Samsung to Boost Cypress New phones that use USB-C connectivity solutions will benefit Cypress as the leader of the technology.
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Bill Gates Is Clueless On The Economy

The Huffington Post - 1 Mar 2017 06:09
Bill Gates Is Clueless On The Economy Last week Bill Gates called for taxing robots. He argued that we should impose a tax on companies replacing workers with robots and that the money should be used to retrain the displaced workers. As much as I appreciate ...
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Rivals could capitalize on woes at two California banks

American Banker - 1 Mar 2017 02:08
Customers and employees of Opus Bank and Banc of California could bolt to several other Southern California banks amid downsizing, scandal and credit quality issues.
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Bank of America: How to Ride Its Stock Higher

Barron's - 1 Mar 2017 21:53
Bank of America: How to Ride Its Stock Higher If the Fed raises rates this month, financials could soar even higher. Play the move with options.
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The FDIC said banking industry profits rose nearly 5% to $171 billion last year; at the same time, the agency's chairman says higher rates may expose bad loans at smaller banks.
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US manufacturing activity surges to a three-year high in February REUTERS/Chris Keane US manufacturing expanded more than expected in February, according to the Institute of Supply Management. The monthly purchasing manager's index jumped to 57.7, the highest since December 2014 and mo...
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The tycoon has been in jail since Feb. 17, when a court approved an arrest warrant. On Tuesday, prosecutors said they would indict Lee, who has denied wrongdoing, on bribery and other charges.
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The Bank of Canada holds

Business Insider - 1 Mar 2017 17:00
The Bank of Canada holds Chris Wattie/Reuters The Bank of Canada has held rates again at 0.50%, as virtually everyone had expected. "Overall, recent data on the global and Canadian economics have been consistent with the Bank's projection of imp...
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America's Failing Healthcare System Brings Up An Investment Opportunity You Don't Want To Miss Globalization and immigration drummed up lots of interest during the presidential election, but healthcare may be the bigger issue facing America.
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It costs about $200,000 to operate Air Force One -- here's why it's so expensive Wikimedia Commons Over the past couple of weeks, the exorbitant cost of Presidential travel has made its way into the spot light. In fact, President Trump's travel itinerary has cost US tax payers more than $10 million d...
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Study: Automakers, dealers still face issues of trust Automotive manufacturers and dealers still have a long way to go when it comes to earning trust, a new study finds.        
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KFC's Latest Facebook Ad Says Something Pretty Nasty, and Not Just About Food Would you believe us if we told you KFC was going organic? No? Luckily for you, we don't plan on saying that today. In fact, we're going to say the opposite: In a weird new Facebook ad, KFC U.K. and Ireland actually make...
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Wells Fargo axes bonuses for top execs

USA Today - 1 Mar 2017 16:44
Wells Fargo axes bonuses for top execs Bank says move aims at promoting accountability in wake of unauthorized accounts scandal        
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