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Business News

Location American Business News for 23 May 2017

Cliff Asness: Avoid Sin Stocks at Your Peril

Barron's - 23 May 2017 19:39
Cliff Asness: Avoid Sin Stocks at Your Peril The hedge-fund star writes that pursuing socially responsible investing "should hurt expected returns."
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How Google's CEO Creates Brain-Friendly Presentations How Google CEO Sundar Pichai delivers simple, engaging presentations.
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Philip Morris Could Pay 20% Premium to Buy Altria A deal materializing in the next several months may have about a 70% probability.
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Why de novos are still a no-no for this banker

American Banker - 23 May 2017 22:08
Regulators have hinted that they're warming up to the idea of startups, but industry veteran George Groves is raising money to buy an existing bank because he fears the approval process will take too long.
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A solar eclipse will be visible across the entire US for the first time in 99 years, here's how to make the most of it A rare solar eclipse is happening across the US on August 21. It will be the first time since 1918 that a solar eclipse has crossed the country from coast-to-coast. Here are three ways you can make the most of this once-...
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Pharma stocks fall, BSE Healthcare index loses 2.68%

livemint.com - 23 May 2017 22:24
Pharma stocks fall, BSE Healthcare index loses 2.68% Shares of drug maker Sun Pharmaceuticals falls 4.2% after March quarter earnings at its US unit Taro missed expectations
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3 big changes Trump wants to make for student loans

Business Insider - 23 May 2017 07:11
3 big changes Trump wants to make for student loans Evan Vucci/AP The Trump administration is planning a major overhaul of the federal student loan system that will affect not just borrowers but also the companies that currently service the more than $1 trillion in outsta...
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Facebook is promising to use its greatest asset to help media companies make more money (FB) Artisan Entertainment Facebook says it want to help media companies make more money from digital ads. And now, the social networking giant is even offering to let publishers sell ads using Facebook's data. The question i...
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That Rihanna/Lupita Nyong'o Movie Is A Win/Win For Netflix Netflix can make outside-the-box films and television shows without worrying about individual results.
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How companies lie about earnings to meet Wall Street expectations Everyone knows by now that companies can -- and do -- manipulate their per-share earnings to meet Wall Street expectations. But I've always worked on the assumption that corporate revenues were pure numbers -- without mu...
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Jack Ma's Ant Financial close to buying MoneyGram

New York Post - 23 May 2017 05:26
Jack Ma's Ant Financial close to buying MoneyGram Chinese billionaire Jack Ma's Ant Financial is moving closer to getting regulatory approval to buy MoneyGram, The Post has learned -- despite concerns in Washington about money laundering. "Ant and its advisers are worki...
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Xilinx: A Cloudier Chip Play

Wall Street Journal - 23 May 2017 19:47
Xilinx chips are in demand among cloud-service providers, but the outlook is still subdued.
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Trump's proposed military budget appears to be very much like the 'Obama approach' Joe Raedle / Staff Although President Donald Trump touted monumental changes to the Pentagon's budget and a "great rebuilding of the Armed Forces," his upcoming 2018 budget proposal released Tuesday, doesn't appear to li...
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Fossils cast doubt on human lineage originating in Africa

Business Insider - 23 May 2017 00:08
Fossils cast doubt on human lineage originating in Africa Thomson Reuters WASHINGTON
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Chairman and CEO roles combined at F.N.B. in Pennsylvania

American Banker - 23 May 2017 22:08
The rising regional player has also appointed new chairs for four board committees as it prepares for the retirement of several long-serving directors.
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Merrill to Pay Fine Over Trading, Disclosure Issues

ThinkAdvisor - 23 May 2017 22:06
More than a 1,000 trades were not executed to get clients the best prices, and investors didn't get compensation info on thousands of trades.
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Nokia Benefits More Than Apple in Settlement

Barron's - 23 May 2017 21:14
Nokia Benefits More Than Apple in Settlement The timing is surprising as resolution from the cases was unlikely until the fourth quarter at the earliest.
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Alibaba Has 'Multiple Avenues' of Upside

Barron's - 23 May 2017 19:05
Alibaba Has 'Multiple Avenues' of Upside The Chinese consumer economy is growing up digital-first in many respects.
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President Donald Trump on Tuesday said it was “so amazing” to visit Israel’s national Holocaust memorial with all of his friends. “It is a great honor to be here with all of my friends -- so amazing and will neve...
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Lawmaker: Budget likely to increase little cigar tax

Miami Herald - 23 May 2017 17:03
Taxes on a type of cigar that looks like a cigarette may be going up in Wisconsin. Assembly Republicans who are pushing for the tax increase say they are confident …
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Manchin warns about Trump administration budget cuts

Miami Herald - 23 May 2017 17:03
West Virginia's Democratic U.S. Sen. Joe Manchin says the Trump administration's proposed federal budget would hurt poorer residents of his state with deep cuts in food stamps, Social Security disability …
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David McLaughlin, founder and CEO of QuantaVerse, discusses how artificial intelligence can improve anti-money-laundering compliance; the problems of de-risking and "defensive filing" of suspicious activity reports; the ...
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