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Business News

Location American Business News for 10 March 2017

What's behind the curious rise in bank auditing woes?

American Banker - 10 Mar 2017 04:08
A number of small banks have disclosed material weaknesses in loan-loss accounting and other procedures. Reasons vary, but a common thread appears to be that accounting firms are facing pressure to beef up their scrutiny...
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Strong Jobs Market Is a Risk to Growth

Wall Street Journal - 10 Mar 2017 21:35
The job market keeps steaming ahead, but the economy is still just poking along. The reason behind this disconnect is a risk if growth in the gross domestic product picks up.
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Jobs Report: Wages Will Set the Tone for Fed

Wall Street Journal - 10 Mar 2017 00:45
Friday's jobs report shouldn't prevent the Federal Reserve from raising interest rates at next week's meeting.
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How to Replace (Almost) Every Part of Your Startup With Software In the age of the internet, there's a web app for everything, including many vital business functions.
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Farpoint is shaping up to be a fun shooter on Sony's PSVR First-person shooter games are one of the best genres for virtual reality, as the games become much more realistic and immersive when you are looking around in 360 degrees for things to shoot. Farpoint from Impulse Gear ...
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Trading Strategies For The 5 Best Performing Dow Stocks Since March 2009 Five Dow components have returned more than 500% since March 2009. Here's have to trade them.
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Bitcoin super spikes to an all-time high

Business Insider - 10 Mar 2017 16:05
Bitcoin super spikes to an all-time high Bitcoin exploded to an all-time high on Friday morning. The cryptocurrency surged more than $120 to a record high of $1,327 a coin shortly before 8:30 a.m. ET. While bitcoin has pulled back from its record peak, it remai...
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How Microsoft Is Watching Its Bill

Wall Street Journal - 10 Mar 2017 14:03
The software giant looks to efficiency as a way to moderate huge gains in capital expenditure.
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Ping pong is night out for tech CEOs Zuckerberg, Houston and Kalanick The heads of Facebook, Dropbox and Uber hit the tables at Susan Sarandon's ping-pong social club SPiN.        
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Investors not pleased with CitiTrends performance

New York Post - 10 Mar 2017 05:11
Investors not pleased with CitiTrends performance Not all off-price retailers are making their investors happy. CitiTrends of Savannah, Ga., which operates 537 discount stores in 33 states, is facing an activist investor who told shareholders on Thursday that the chain ...
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Between an array of loopholes and laws that encourage tax-avoidance, even companies that mint profits can skip out
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Another court-appointed financial guardian in Las Vegas has been charged with looting the assets of a ward, whose interests she had been assigned to protect when he was a teenager. …
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I used to dread social events until I realized introverts are approaching them all wrong pepej/Flickr If you're an introvert, a random social invite can feel intrusive and frustrating, especially when you had plans to recharge alone (or in a low-key environment) on your own terms. Even a planned social invit...
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Chipotle Refocuses, Chops ShopHouse

Barron's - 10 Mar 2017 20:22
Chipotle Refocuses, Chops ShopHouse The company could also make strategic reviews of the Tasty Made burger concept and PIzzeria Locale.
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Why the Millions We Spend on Employee Engagement Buy Us So Little

Harvard Business Review - 10 Mar 2017 19:00
Most initiatives amount to an adrenaline shot.
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Retiring: Single? No Children? No Will? Big Mistake

The New York Times - 10 Mar 2017 19:00
Retiring: Single? No Children? No Will? Big Mistake It's easy to procrastinate on drawing up the document, but it isn't all that difficult to take charge of the chore.
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The former CEO of the nation's largest coupon clearinghouse has been sentenced to 10 years in prison and more than $65 million in restitution on wire fraud and conspiracy charges. …
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AIG chief quits; Wells saga continues

American Banker - 10 Mar 2017 16:20
Peter Hancock resigns at insurer's board meeting following "shocking" $3 billion fourth-quarter loss; Wells reorganizes retail bank unit, demotes executives.
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Starbucks, Square: An Unfulfilled Partnership

Barron's - 10 Mar 2017 16:15
Starbucks, Square: An Unfulfilled Partnership Starbucks once held 27% of Square but now may have sold it. That said, the outlook for both looks promising.
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The U.S. dollar weakens on Friday, though it was on track to post its fifth straight weekly advance after the February payroll report came in stronger than expected, which was viewed as confirming the growing consensus t...
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(Reuters) - U.S. stocks looked set to open higher on Friday after an upbeat monthly jobs report underscored the strength of the U.S. economy and firmed the odds for the first interest rate hike this year.
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Employers added strong 235,000 jobs in February

USA Today - 10 Mar 2017 16:02
Employers added strong 235,000 jobs in February Economists expected 190,000 payroll gains        
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