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Business News

Location American Business News for 24 May 2017

Lenders protest proposed FHA fee for risk upgrades

American Banker - 24 May 2017 02:08
Lenders are objecting to the Trump administration's proposed $30 million fee designed to partially fund upgrades to the FHA.
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PayPal Fueled by Innovation

Barron's - 24 May 2017 18:38
PayPal Fueled by Innovation One Touch and Pay With Venmo are increasing transactions. The stock could reach $62.
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Will Gas Tank in the Summer?

Barron's - 24 May 2017 17:10
Will Gas Tank in the Summer? Memorial Day means driving season begins. In a good year, octane spreads and gasoline cracks would take off around now.
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The 10 highest paid CEOs of 2016

Business Insider - 24 May 2017 16:53
The 10 highest paid CEOs of 2016 Roy Rochlin / Stringer / Getty Images Everyone knows that chief executive officers rake in the big bucks. But which CEOs earn the highest salaries of all? The Associated Press and executive data firm Equilar teamed up to...
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Uber's Simple Math Mistake Will Cost It Tens of Millions of Dollars It's so much money! No wait, it's basically a rounding error.
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What Fifth Third is doing to retain moms

American Banker - 24 May 2017 22:08
New mothers were bailing out from the Cincinnati bank at twice the rate of other women employees, so it decided to offer a maternity concierge service that would help them with stressful chores.
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Bitcoin soars above $2,400 to all-time high

Reuters - 24 May 2017 16:55
(Reuters) - Digital currency bitcoin hit a fresh record high on Wednesday, surging above $2,400, as demand for crypto-assets soared with the creation of new tokens to raise funding for start-ups using blockchain technolo...
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Some New York businesses are considering temporary offices to avoid 'summer of agony' at Penn Station Thomson Reuters NEW YORK
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People are making a fortune buying government-seized bitcoins Business Insider The old saying goes that one man's loss is another man's gain. That's been proven true in the bitcoin market. Over time, the US government has seized hundreds of thousand of bitcoins from individuals who...
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Ahead of this week's OPEC meeting and a looming decision on output cuts by major producers, oil prices are rising. U.S. supply data is coming.
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Moody's cuts China rating citing rising debt, slowing growth Moody's cuts China credit rating citing slowing economic growth, rising debt eroding financial strength
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Blockchain platform's capital raising is its biggest to date; mutual fund giant now accepts digital currency in its cafeteria as CEO Abigail Johnson embraces it.
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Moody's cuts China's credit rating for 1st time in 28 years Moody's Investors Service downgraded China's credit rating Wednesday, citing concern about the country's rising debt.        
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World's Biggest Hotels 2017: Marriott Leads The Pack, Hilton Falls (AP Photo/Rick Bowmer) It was a good year for the hotel industry as occupancy levels hit record highs in 2016. The big news of the year was Marriott's mega acquisition of rival Starwood. The multi billion dollar deal gav...
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US stocks extend rally to fifth day as tech companies rise Technology and industrial companies are leading the way as stocks rise for the fifth day in a row.
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China's Ratings Downgrade, Explained

The New York Times - 24 May 2017 16:27
China's Ratings Downgrade, Explained After Moody's lowered its grade by a notch, the financial health of the world's second-largest economy is again causing concern.
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Health Care Providers Must Stop Wasting Patients' Time

Harvard Business Review - 24 May 2017 16:00
An example from Kaiser Permanente shows how to do it.
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The 33 Traits Of Inspirational Leaders [Infographic] A look at how organizations can identify and foster inspiring leaders, year in and year out.
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What Sanctions? Russia Energy Billionaire Readies Massive London IPO Oleg Deripaska is floating the idea of selling a quarter of his hydropower and aluminium empire to foreign investors in what may be the largest IPO in London this year.
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Target Settles Massive Customer Data Breach

NBC News - 24 May 2017 16:49
Target Settles Massive Customer Data Breach The most customers ever hacked has ended in Target paying the biggest ever data breach settlement.
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How the 'small business owners of the year' turned a Maui brewpub into Hawaii's biggest craft beer brewery Maui Brewing In 2004, Melanie Oxley was sitting at her cubicle watching a crew paint the walls of her office in Sacramento. She thought how much more she would rather be holding a paint roller and helping out than contin...
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7 Podcasts That Will Make You a Smarter Leader Top tech investors share the best podcasts for becoming a better leader.
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