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Business News

Location American Business News for 13 July 2017

Stocks edge up, and oil rises

L.A. Times - 13 Jul 2017 17:00
Stocks edge up, and oil rises U.S. stock indexes edged higher in early trading Thursday, led by gains in technology companies. Big retail chains and other consumer-focused stocks were also among the gainers. Healthcare companies were among the laggar...
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Continued growth in U.S. oil output underpins the views that U.S. producers remain resilient amid low prices.
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Norwegian might still transform long-haul flying

The Economist - 13 Jul 2017 17:21
Norwegian might still transform long-haul flying Freddie Laker saw it coming A DECADES-old dream of many low-cost carriers (LCCs), to break into the market for long-haul flights, has also been a long-standing nightmare for executives at full-service airlines, who earn ...
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Verizon security lapse leaks data from millions of customers A security researcher says a lapse has exposed data from millions of Verizon customers, leaking names, addresses and personal identification numbers, or PINs. Verizon Wireless says 6 million customers were affected, but ...
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Virginia Gov. Terry McAuliffe is set to head to Rhode Island for meetings with other governors on healthcare, cyber security and other issues. McAuliffe is attending the National Governors Association …
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Precious metals are either breaking down or setting up for a big rally The Macroeconomic Perspective Gold and Silver are assets which have been of great importance for thousands of years. Up until a few decades ago, gold was explicitly linked to currencies (such as the US$) and was broadly ...
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CBO: Trump's budget doesn't balance federal ledger

Miami Herald - 13 Jul 2017 17:20
A new government analysis of President Donald Trump's budget plan says it wouldn't come close to balancing the federal ledger like the White House has promised. The Congressional Budget Office …
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How This Startup Pivoted Away From A Talent Agency To A $10 Million Per Year Technology Company How does a business pivot from being a small talent recruitment agency to generating $10 million per year as a sales technology company? Manny Medina, CEO and Co-Founder of Outreach did just that and this is the story of...
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In the 'War on Cash,' Visa Offers Restaurants $10,000 to Go Cashless Your favorite restaurant could be going cash free, and getting $10,000 from Visa to do it. It's all part of Visa's "war on cash."
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Floyd Mayweather Career Earnings Could Hit $1 Billion With McGregor Fight Floyd Mayweather is headed for another mega-payday, which could push his career earnings to $1 billion. Ten-figures is rarefied air for sports stars with only Michael Jordan ($1.5 billion) and Tiger Woods ($1.4 billion) ...
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Why more banks could ditch their holding companies

American Banker - 13 Jul 2017 00:08
Bank of the Ozarks recently dissolved its holding company in a move that goes against modern banking strategy. There are, however, strong arguments for other institutions to follow the bank's lead.
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SUPERIOR, Arizona
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Poland said Thursday it was glad it will have a chance to defend its logging in the ancient Bialowieza forest before a European Union court and implied that it knows …
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Most Businesses Fail. Why Investing in the Right Idea Makes All the Difference Learning about the most common reasons businesses fail can help your company thrive.
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HSBC won't have to release money-laundering report: suit HSBC, one of the biggest banks in the world, won a major victory on Wednesday when a New York federal appeals court reversed a lower court's decision to release a potentially damaging report detailing the bank's money-la...
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Warren Buffett, Paul Singer take acquisition battle to court The latest punches in the battle between billionaires Paul Singer and Warren Buffett played out in a bankruptcy court on Wednesday. Lawyers for Singer's Elliott Management told a judge that the hedge fund was blocked fro...
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Why Hollywood Is Relying on China to Halt a Box Office Slide

The New York Times - 13 Jul 2017 17:32
Why Hollywood Is Relying on China to Halt a Box Office Slide As sales lag in North America, executives are pushing for concessions from China, where total screens may soon top 80,000 -- double the number in the United States.
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MIT scientist busted for insider trading after Googling about it If you're doing insider trading, you might want to avoid searching Google to brush up your technique. A research scientist at Massachusetts Institute of Technology was arrested on Wednesday on insider-trading charges, wi...
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A Q&A with Marcelo Claure, who reveals how he's maintained a startup culture at the wireless giant.
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This One Guy Sells 85% Of The Cheese Used By The Fast-Food Pizza Industry startups, Leprino Foods, James Leprino, pizza, pizza industry, cheese, innovation, fortune, luck, management, small business, small business owners
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Virgin CEO Richard Branson Shares His Trick To Virgin CEO Richard Branson Shares His Trick To "Getting Things Done". He sums it up in "5 Simple Words."
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Trump jets off to Paris as Russia crisis plagues Washington © AFP NICHOLAS KAMM Washington
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