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Business News

Location American Business News for 20 July 2017

Trucking company owners admits to tax scheme

Miami Herald - 20 Jul 2017 11:50
A New Jersey trucking company owner has pleaded guilty in a tax evasion scheme. Fifty-four-year-old Giacomo Giorlando, of Morganville, pleaded guilty to three counts of tax evasion and one count …
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French's new owner jumps into mustard battle

New York Post - 20 Jul 2017 06:07
French's new owner jumps into mustard battle Spice maker McCormick & Co. has jumped into the middle of a brewing mustard and ketchup battle. The company has agreed to buy a group of food brands, including French's -- famous for its yellow mustard -- for a richer-th...
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Bill Gross Frets About a Fragile Economy

Barron's - 20 Jul 2017 19:51
Bill Gross Frets About a Fragile Economy The famed fund manager warns Fed that it won't take a large rise in short-term rates to trigger a recession.
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Ballard Power Stock Is Ripe for a Bullish Run

Profit Confidential - 20 Jul 2017 18:10
Ballard Power Stock Is Ripe for a Bullish Run BLDP Stock: Setting Up to Make a Move Ballard Power Systems Inc. (NASDAQ:BLDP) stock is an alternative energy play that is focused on hydrogen power. This technology is slowly creeping into our everyday lives, which make...
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These before-and-after photos show tech billionaires' dramatic transformations AP/Andy Rogers and Getty/Drew Angerer Tech CEOs used to be infamous for their lack of style. But a photo revealing how much Amazon CEO Jeff Bezos has changed over the years shows that the stereotype is changing. Here are...
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Alibaba, JD Battle Pressures Margins

Barron's - 20 Jul 2017 17:08
Alibaba, JD Battle Pressures Margins The rivalry will hurt Alibaba's EPS, although the outlook for both remains positive. JD could see higher revenue.
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(Reuters) - Big Wall Street banks have spent billions of dollars and untold man-hours in recent years transforming their trading desks from hedge-fund like operations trading on their own account into market-making busin...
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Qorvo Seen Preferred to Skyworks

Barron's - 20 Jul 2017 21:15
Qorvo Seen Preferred to Skyworks Qorvo may drive outsized revenue growth and margins higher over the midterm yet it trades to a discount to Skyworks.
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Here's what would happen if you broke your arm in 7 countries around the world Flickr / slgckgc Lawmakers in the United States spent the past few months trying and failing to roll back some health-insurance requirements, but much of the rest of the world has been living under universal healthcare f...
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Why bodegas should think twice before allowing for bitcoin ATMs What are bitcoin ATMs doing in small bodegas throughout New York City? It's well known that digital currencies like bitcoin can be used for illicit things such as money laundering. That is, it seems to be common knowledg...
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NYU donor used his companies as a 'personal piggy bank': suit Wealthy lead tycoon Howard Meyers, a large NYU benefactor, is facing a nasty bankruptcy court battle on Thursday against creditors who claim he defaulted on more than $2 billion in debt -- while using proceeds of the cor...
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Unemployment rate stuck at 5.6% but rise in number of full-time jobs Full-time employment rose by 62,000 jobs, while the number of part-time jobs was down by 48,000 Australia's unemployment rate was unchanged at 5.6% in June from a revised May result, official figures show, but there has ...
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Sarepta Can Rally Further As Key Drug Gains Sales Shares surged 20% Wednesday after Sarepta reported strong sales of its DMD drug and raised its forecast.
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'Jigsaw' Trailer: 'Saw' Is Back To Retake Halloween It will have to contend with the second season of 'Stranger Things,' which debuts on the same day.
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ECB's Draghi remains cagey on stimulus exit plans European Central Bank head Mario Draghi did his best Thursday to give no clear signal about the eventual withdrawal of a massive bond-purchase stimulus program.        
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Exxon Mobil has been fined $2 million for violating Russia sanctions while Tillerson was CEO The Treasury Department has fined the oil and gas giant Exxon Mobil$2 million for violating US sanctions on Russia — and the violations occurred while Secretary of State Rex Tillerson was CEO of the company. The Treasu...
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Les Moonves' Daughter Sara Is Headed to W Magazine Sara Moonves, who has worked in recent years for American Vogue as a contributing fashion editor and previously held the title of senior fashion director at T: The New York Times Style Magazine, is adding another top-of-...
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State labor officials say Massachusetts added an estimated 10,000 jobs in June while the unemployment rate crept up to 4.3 percent. Labor and Workforce Development Secretary Rosalin Acosta said Thursday …
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Stocks waver as investors eye earnings and central bank policy U.S stocks are wavering between small gains and losses in early trading on Wall Street on Thursday. Energy and healthcare companies are gaining, but basic materials companies are lower. Investors are focused on second-qu...
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JACK MA: Alibaba's revenue is going to explode this year (BABA) Sean Gallup/Getty Images
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An overhaul of Brazilian labour law should spur job creation IN THE litany of bosses' gripes about Brazil's inclement business climate, rigid labour laws vie for pride of place with its convoluted tax laws and its licensing rules (on everything from health and safety to protection...
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How Donald Trump is monetising his presidency

The Economist - 20 Jul 2017 16:44
How Donald Trump is monetising his presidency Golf conflict "PRETTY close to a laughing stock." That is Walter Shaub's verdict on America's standing in the world, at least from an ethics point of view, under President Donald Trump. Mr Shaub's view counts: he stepped...
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