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Business News

Location American Business News for 18 March 2017
Changes at Oracle, IBM, and Intel: Less Than Meets the Eye Despite new initiatives, a lot hasn't changed for the three companies.
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AllianceBernstein Fires the Latest Shot in the Fee Wars The company has quietly launched a new series of funds that charge fees based on performance.
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Grubhub Shares Could Slide 25% as Competition Grows The meal-ordering service is facing more competition and higher costs. That's a recipe for indigestion.
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iPads In Every Hospital: Apple's Plan To Crack The $3 Trillion Health Care Sector Meanwhile, rumor has it Apple is gearing up to release a new version of its iPad, which plays a vital role in its enterprise health efforts. Meanwhile, rumor has it Apple is gearing up to release a new version of its iPa...
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The Wells Fargo problem has only started for other banks

American Banker - 18 Mar 2017 00:08
Banks like TD and U.S. Bancorp are suddenly taking public shots from current and former employees critical of their sales practices, a sign that the industry has not put behind it the questions raised months ago by the p...
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We visited Wawa and discovered why it's the greatest convenience store chain in America Hollis Johnson Any Pennsylvanian knows the magnetic allure of Wawa. The convenience store chain has recruited an army of steadfast shoppers; however, many Americans don't know ofthe superior chain, as its locations are l...
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Raising The Minimum Wage Is A Jobs Killing Move In January, 19 US states raised their respective minimum wages. Washington was among the most generous, hiking by $1.53 (bringing it to $11 per hour).
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10 weird jobs you probably didn't know exist

Business Insider - 18 Mar 2017 15:00
10 weird jobs you probably didn't know exist It seems as though we can pay people to do anything for us these days: walk our dogs, build our furniture, organize our homes ... cuddle with us when we're feeling lonely. That's right: You canhire a professional cuddler...
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Canada Goose Shares Could Fly South

Barron's - 18 Mar 2017 08:13
Canada Goose Shares Could Fly South The luxury-parka maker came public last week and swiftly acquired an outsize valuation. But shifting fashion trends could clip its wings.
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7 Inflation-Resistant High-Payout Stocks

Barron's - 18 Mar 2017 07:22
7 Inflation-Resistant High-Payout Stocks As inflation edges up, income investors should be aware of its effect on valuations.
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Ten days after the vote, a Los Angeles County measure asking for a quarter-cent sales tax increase to pay for homeless services has passed. A late surge from mail-in votes …
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Finding Value in European Conglomerates

Barron's - 18 Mar 2017 06:16
Finding Value in European Conglomerates Evermore Global's David Marcus likes a forward-looking, family-run firm in the midst of change.
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Berkeley Becomes First City To Divest From Border Wall Companies Berkeley, California, has become the first U.S. city to yank investments and business dealings with any company aiming to work on PresidentDonald Trump’s Mexican border wall. The Berkeley City Council unanimously passe...
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Hedge funds close at faster pace in 2016 than 2009 recession Hedge funds lost their mojo in 2016. There were more hedge-fund closures last year than during the 2009 recession, according to data provided by HFR. In 2016 1,057 funds shut down -- slightly higher than the 1,023 funds ...
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RadioShack is closing 552 stores -- see if your store is one of them Mary Hanbury RadioShack, which filed for bankruptcy for the second time last week, is closing 552 of its stores. The closures will affect 36% of the chain's stores. A court filing listed the locations that are set toclos...
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Wall Street's bond traders are crushing it

Business Insider - 18 Mar 2017 16:27
Wall Street's bond traders are crushing it JPMorgan Wall Street's most important business is having a bumper start to the year. Fixed income, currency and commodities (FICC) revenues are set to increase 34% in the first quarter from a year ago thanks to rising tr...
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REUTERS/Brendan McDermid Exchange-traded funds could gain a further $2 trillion to $3 trillion in assets in the next three to five years, according to a report by Morgan Stanley and Oliver Wyman The rise of ETFs has put ...
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Millennial tech workers are paying an exorbitant amount to live in cramped, dorm-like conditions in San Francisco Gabrielle Lurie/Reuters Millennialswill go to great lengths to live in San Francisco to pursue their careers. Some have even gone so far as to live in boats, tiny homes, or even inside homemade wooden crates. With the se...
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A Minnesota-based company is planning to spend $22 million to build a turkey hatchery in western Indiana. Select Genetics of Willmar, Minnesota, says it plans to start construction of the …
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Earnings Preview: What To Expect From FedEx On Tuesday FedEx is expected to earn $2.64/share on $14.99 billion in revenue. Meanwhile, the so-called Whisper number is $2.68 The Whisper number is the Street's unofficial view on earnings.
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The Fed is not buying one of Trump's biggest economic promises While campaigning, one of President Donald Trump's hallmark promises on the economy was a return to 3% growth. US gross domestic product has not grown at that pace on an annual basis since 2005, prompting Trump to critic...
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An anti-Trump movement is calling for the boycott of these 51 companies ($AMZN, $TJX, $M) REUTERS/Shannon Stapleton The anti-Trump boycott movement is still going strong. Shannon Coulter, a brand and digital strategist, started the #GrabYourWallet hashtag in Octoberto encourage people seekinga wayto take conc...
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