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Business News

Location American Business News for 2 May 2017

City of Philadelphia Ditches Wells Fargo

NBC News - 2 May 2017 19:40
City of Philadelphia Ditches Wells Fargo Wells Fargo just lost a $2 billion government contract with the City of Philadelphia, at least partly due to the bank's "fake account" scandal.
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Investors in DryShips Are Not Completely Crazy

Wall Street Journal - 2 May 2017 15:31
There is a method to shareholders' madness in buying the sinking shares of George Economou's DryShips.
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Met Gala 2017 By The Numbers

Forbes - 2 May 2017 19:59
Met Gala 2017 By The Numbers Last night's gala raised over $12 million for the Metropolitan Museum of Art's Costume Institute. For those of us who weren't lucky to attend last night, here are some facts and figures behind fashion's biggest night.
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High Stakes in Big Pharma's Latest Cancer Race

Wall Street Journal - 2 May 2017 17:43
Merck & Co.'s blockbuster cancer drug faces a big test next week.
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Grantham: Don't Expect P/E Ratios to Collapse

Barron's - 2 May 2017 19:57
Grantham: Don't Expect P/E Ratios to Collapse Jeremy Grantham writes that era of high profit margins has contributed to stubbornly high multiples.
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(Reuters) - General Motors Co said on Tuesday it has ceased operations at its Venezuela plant and will take up to a $100 million charge after a judge ordered the seizure of its plant last month.
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The Most Memorable Leadership Advice I've Ever Been Given Doing everything about the fewest, most important priorities will put you on a path to success.
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How to Transform Your Instagram Followers Into Your Next Customers An audience of more than 600 million monthly active users awaits.
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AMD Investors Should Keep Faith Amid Carnage

Barron's - 2 May 2017 21:19
AMD Investors Should Keep Faith Amid Carnage The chipmaker's stock is tumbling due to a disappointing forecast. We think the sell-off is far overdone.
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More Triple-Digit Gains Expected for This Semiconductor Stock

Profit Confidential - 2 May 2017 16:28
More Triple-Digit Gains Expected for This Semiconductor Stock The Sky Could Be the Limit for This Chip Maker Today's company highlights one of my favorite methods of picking top technology stocks. A great strategy that has the potential to offer huge returns in emerging sectors is ...
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The International Monetary Fund said on Tuesday oil exporting countries in the Middle East continue to have the world's largest energy subsidy bill and that additional reforms are still needed …
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WASHINGTON
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Why community bankers should care about blockchain tech

American Banker - 2 May 2017 07:08
Blockchain technology requires major change in people and processes and smaller banks need to prepare, according to Joe Dewey, an attorney at Holland & Knight and author of a new book about distributed ledger technology.
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The University of Wyoming is expecting layoffs in the coming weeks as it deals with more than $40 million in budget cuts. University spokesman Chad Baldwin tells The Casper Star-Tribune …
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Trump's comment about breaking up banks jolts markets An otherwise uneventful trading day on Wall Street on Monday got a middle-of-the-day scare when an off-the-cuff remark by President Trump about breaking up the banks sent markets gyrating for about 14 minutes -- before i...
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Guaranty in Texas to become publicly traded -- again

American Banker - 2 May 2017 20:08
The company, which delisted from the Nasdaq in 2005, is looking to raise up to $64 million through an initial public offering.
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In Berlin, A New Residential Property For The Future The Fritz is part of wave of new residential projects underway near Berlin's main train station.
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There has been a big departure from the New York Stock Exchange YouTube Peggy Sullivan, a key figure at the New York Stock Exchange, has left the Big Board. Sullivan, who started at NYSEnearly 20 years ago, was vice president of strategic analysis and market data, according to her Li...
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No Soup for You! When to Fire Your Customers I occasionally fire our customers. You should, too.
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WASHINGTON
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This Business Tool Can Maximize Value and Mitigate Risk At the Same Time When buying or selling a business, it is critical to have this tool in your bag, and understand how to use it.
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The Czech government is resigning after a dispute with the finance minister Ints Kalnins/Reuters Czech Prime Minister Bohuslav Sobotka said on Tuesday he would resign along with the whole cabinet in response to a row with his Finance Minister Andrej Babis. Sobotka said the resignation would allo...
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