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Business News

Location American Business News for 18 May 2017
Here's why the American flag is reversed on military uniforms Tim Marshall, the author of "Worth Dying for: The Power and Politics of Flags" explains why American flags are reversed on military uniforms. Following is a transcript of the video. A lot of people ask, "why is the US fl...
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Why regulators waited years before hitting Ocwen again

American Banker - 18 May 2017 01:08
State regulators felt they were strung along by the mortgage servicing giant Ocwen Financial after years of promises that were never fulfilled, resulting in successive enforcement actions against the company.
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Bernanke says Wall St. is blind to Washington turmoil

New York Post - 18 May 2017 06:28
Bernanke says Wall St. is blind to Washington turmoil Ben Bernanke thinks Wall Street needs a civics lesson. The former Federal Reserve chairman scolded a roomful of hedge fund moguls and bankers on Wednesday for ignoring the dangers Washington politics can have on their po...
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How Alibaba Uses Videos to Keep Shoppers Clicking

Wall Street Journal - 18 May 2017 17:08
China's ecommerce giant Alibaba has found a way to leverage celebrity videos to boost sales on its shopping sites.
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How Laws and Culture Hold Back Socially Minded Companies

Harvard Business Review - 18 May 2017 17:00
It’s the interplay between countries, capitalism, and purpose.
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I tested out the watch that's approved for use by Navy SEALs I have a love/hate relationship with watches. I go through months-long stretches where they gather dust in a drawer, as well as equally-long periods where I feel naked if I don't havea band snugly wrapped around my wrist...
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These 7 companies control almost every single beauty product you buy Skye Gould/INSIDER The INSIDER Summary: Beauty is a big industry with hundreds of brands. 182 of those brands are owned by seven conglomerates. They employ thousands and make billions of dollars each year. They also are ...
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Apple's Nokia Suit More Pressing Than Qualcomm

Barron's - 18 May 2017 21:07
Apple's Nokia Suit More Pressing Than Qualcomm The Nokia litigation carries a risk of blocking infringing products and the initial determination could come in Q4.
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The internet is having a field day with a crazy conspiracy theory that Avril Lavigne died and was replaced with someone else Scott Gries/Getty Images; AvrilLavigneVEVO/YouTube The INSIDER Summary: There's a conspiracy theory online that Avril Lavigne died and was replaced by someone else. A long thread about the theory on Twitterinspired a new...
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Conquer fear of credit cards now, reap benefits later

News Observer - 18 May 2017 17:09
Young adults who are afraid of credit cards in the long shadow of the recession usually think only of the risks, rather than the role they play in establishing credit, …
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Why Workplace Financial Wellness Programs Are Hot What's behind the increase in the number of employers offering financial wellness programs and what obstacles may lie ahead
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Goldman Sachs CEO Lloyd Blankfein describes the kind of people he wants to hire (GS) John Moore/Getty Images Goldman Sachs' reputation of exclusivity and high-salaries has made it the holy grail of bankers the world over. But landing a job at the firm is no easy feat. In fact, getting hired by Goldman Sa...
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Investors are trimming their bets ahead of next week's meeting of the Organization of the Petroleum Exporting Countries.
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Ralph Lauren taps beauty biz exec to be next CEO

New York Post - 18 May 2017 05:54
Ralph Lauren taps beauty biz exec to be next CEO Ralph Lauren tapped a beauty executive to lead his company after his previous chief executive left earlier this month. Patrice Louvet, a Procter & Gamble veteran who had most recently headed up that company's global beau...
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Your vintage IKEA could be worth thousands

USA Today - 18 May 2017 20:14
Your vintage IKEA could be worth thousands While rare, some vintage IKEA furniture is going for thousands of dollars at auction, online auction house Barnebys co-founder Pontus Silfverstolpe said.        
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Women Are Savvier Investors Than They Think

ThinkAdvisor - 18 May 2017 19:32
Just 9% of women in a Fidelity study believed that they had outperformed men during the past year. The evidence suggests otherwise.
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AbbVie: It's the Pipeline, Not the Coherus Ruling AbbVie investors may be too focused on the dispute with Coherus, which could take time to play out.
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New York's Indian Point Unit 3 nuclear power plant has returned to service after a two-month scheduled outage for refueling, maintenance and inspections. The Entergy Corporation says its plant in …
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NECKARSULM, Germany
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Dow edges higher amid Trump fears following worst drop of year Stock market steadies but Wall Street still questions president's ability to push agenda.        
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Wal-Mart Stores, Pandora rise; Ascena Retail, Alibaba fall Wal-Mart Stores, Pandora rise in Wall Street trading while Ascena Retail, Alibaba fall
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Call them the unrecovered -- a handful of states where job markets, nine years later, are still struggling back to where they were before the recession. That's true in Mississippi, …
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