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Business News

Location American Business News for 19 May 2017

Stocks are jumping after the worst sell-off of the year

Business Insider - 19 May 2017 16:27
Stocks are jumping after the worst sell-off of the year Markets Insider
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Woman burned by Starbucks coffee awarded $100K

New York Post - 19 May 2017 03:19
Woman burned by Starbucks coffee awarded $100K A woman in Florida who was burned by a cup of Starbucks coffee was awarded more than $100,000 for her injuries on Thursday. Joanne Mogavero won the suit in Duval County after a jury found the coffee chain negligent for t...
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VR Headsets Get Stuck on Shelves

Wall Street Journal - 19 May 2017 20:38
Virtual reality was supposed to be the next big thing, but headsets haven't exactly been flying off the shelves. The question is, why?
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Fiat Chrysler diesel emissions fix may avert Justice Department showdown Fiat Chrysler CEO Sergio Marchionne had said accusers were "smoking illegal material."        
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Resist Home-Country Bias in Investing

Barron's - 19 May 2017 19:04
Resist Home-Country Bias in Investing Americans investors should overcome their patriotic impulses and add more emerging-markets stocks exposure.
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Mine shuttle car operator killed in West Virginia

Miami Herald - 19 May 2017 18:24
State authorities say a 44-year-old shuttle car operator has been killed at a mine in southern West Virginia. The Office of Miners' Health, Safety and Training says Luches Rosser of …
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Engineers took a radical approach when designing the first stealth aircraft -- here's how When engineers began working on the first stealth aircraft, they didn't even know if it would fly.Sharon Weinberger, the author of the book "The Imagineers of War," explains the incredible process that went into the desi...
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Original Comic Art Sets New Record Price At Auction The iconic work of underground comix legend R. Crumb is pacing the super-hot market for original comic book art.
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Asking even a one-word question at the office can make you seem smarter and more competent Strelka Institute for Media, Architecture and Design/flickr You've probably heard that asking thoughtful questions is the smart thing to do when the opportunity arises. Maybe you believe (and rightly so) that when you po...
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BiolineRX Shares Could Triple

Barron's - 19 May 2017 19:03
BiolineRX Shares Could Triple The biopharmaceutical firm is closer to being a pivotal company and has a strong balance sheet.
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Stocks edge up; Deere jumps and Foot Locker dives

L.A. Times - 19 May 2017 16:25
Stocks edge up; Deere jumps and Foot Locker dives U.S. stocks moved higher in early trading Friday, extending the market's modest gains from the day before. Industrials and bank stocks were among the biggest gainers. Energy companies rose as the price of crude oil heade...
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Asian shares mixed as Trump, Brazil worries simmer Asian stocks are mixed as investors fret over the U.S. political situation and a crisis brewing in Brazil.
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Ford is pouring $350 million into its Michigan transmission plant as it makes big bets on the cars of the future (F) Thomson Reuters
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Officials say state and local taxpayers would help the Pawtucket Red Sox pay about $158 million over 30 years to build a new downtown ballpark, accounting for interest payments on …
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Music industry blasts YouTube's 'value' report

New York Post - 19 May 2017 06:29
Music industry blasts YouTube's 'value' report YouTube's relationship with the music industry just got a little more testy. Major record labels are preparing to hit back at a Google-funded report that touts the value of YouTube to the music industry, ridiculing the r...
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Eddie Lampert puts vendors on notice with Craftsman suit If only Eddie Lampert could run stores as shrewdly as he navigates the courts. The hedge fund billionaire, who is the largest shareholder in Sears and its chief executive, complained this week about being bullied by the ...
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JCPenney is getting into the hotel business

New York Post - 19 May 2017 05:12
JCPenney is getting into the hotel business JCPenney is aiming to give "hot sheets" new meaning. The mall anchor is getting into the hotel business, selling bedsheets, towels, curtains and even mattresses to the lodging industry, the retailer said on Tuesday. The ...
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Voter views on Trump are swaying the financial market

Business Insider - 19 May 2017 04:37
Voter views on Trump are swaying the financial market Nothing quite shows the grip US politics has on financial markets right now than the two charts below. Courtesy of Hans Redeker and Gek Teng Khoo, FX strategists at Morgan Stanley, it shows the relationship to Donald Tru...
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Shift in mortgage market cuts closing times

American Banker - 19 May 2017 20:08
The time needed to close a mortgage improved nine days since the start of the year as the market has shifted to doing more purchase loans.
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The perils of repealing FDIC resolution powers

American Banker - 19 May 2017 20:08
The Trump administration's examination of Dodd-Frank Act powers to allow regulators to seize and unwind a failing megabank is drawing criticism from supervisors at home and abroad.
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Fox News says it fired co-host Bob Beckel after racist comment Noam Galai/Getty Images Fox News Channel is parting ways - again - with Bob Beckel, the co-host of its primetime program, "The Five." "Bob Beckel was terminated today for making an insensitive remark to an African-Americ...
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Unemployment rates hit record lows in 3 states

ABC News - 19 May 2017 16:54
Unemployment rates hit record lows in 3 states Unemployment rates hit record lows in Arkansas, Colorado and Oregon
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