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Business News

Location American Business News for 15 August 2017

Deeper oil cuts are still on the table for Saudi Arabia

Business Insider - 15 Aug 2017 03:00
Deeper oil cuts are still on the table for Saudi Arabia Reuters/Fahad Shadeed OPEC and its non-OPEC partners have not closed the door to the possibility of extending the production cut agreement or even lowering production levels, Saudi Oil Minister Khalid al-FalihtoldSaudi-o...
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Intel CEO joins Merck, Under Armour in quitting Trump's jobs council Intel CEO BrianKrzanich distances his company from the Trump administration after Trump's response to the Charlottesville rally.        
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5 reasons why you might want to consider silver right now

Business Insider - 15 Aug 2017 03:44
5 reasons why you might want to consider silver right now Reuters/Issei Kato Unlike its big brother, gold, physical silver is coveted for both investment purposes and industrial usage. Right now, silver prices are in a bit of a slump—in other words, it’s the perfect time to...
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Amazon rolling out 'Instant Pickup' for fast-selling goods Amazon is rolling out pickup points in the United States where shoppers can retrieve items immediately after ordering them, shortening delivery times from hours to minutes, the company said on Tuesday. The world's larges...
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3 Hottest Technologies That Will Change Your Business By 2020 Consulting firm KPMG has just released a report covering the top technologies that will drive business transformation over the next three years. Here are the top three.
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His aunt wonders if this child will have any claim on her nephew's estate.
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How Platforms Are Neutralizing Conway's Law

Forbes - 15 Aug 2017 12:07
How Platforms Are Neutralizing Conway's Law Are small teams really better? Josh McKenty's recent talk has broad implications.
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Raising the price of cigarettes only helps bootleg providers It's a great day for bootleggers, crooks and terrorism financiers. New York City government officials have raised the price of cigarettes in a naive belief that it will reduce smoking. What it will really do is make it e...
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Oil companies are failing at enforcing production quotas Oil companies keep trying, but they can't seem to enforce production quotas. The price of oil and gasoline rose a bit over the last few weeks as the "peak driving season" draws to a close. But quota enforcement issues in...
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Costco ordered to pay $19.4M for misleading 'Tiffany's' jewelry A federal judge ordered a "deceptive" Costco to pay Tiffany & Co. a whopping $19.4 million for misleading consumers into thinking they could buy legit Tiffany bling at warehouse club prices. The award -- which reflects $...
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Costs for Fox's Harassment Settlements Rise to $50 Million

The New York Times - 15 Aug 2017 02:11
Costs for Fox's Harassment Settlements Rise to $50 Million The costs that Twenty-First Century Fox incurred to settle harassment and discrimination allegations at Fox News do not include payouts to former employees.
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'Kong: Skull Island' Director Lashes Out On Twitter Jordan Vogt-Roberts doesn't like to be mocked, especially by satirical Youtube videos.
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Brokerage 'Kickbacks' From Exchanges Draw Scrutiny

ThinkAdvisor - 15 Aug 2017 20:57
William Galvin of Massachusetts has sent a letter to Fidelity, Schwab, TD Ameritrade, Edward Jones, Morgan Stanley and E-Trade.
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Four Teamsters have been acquitted in Boston of threatening the cast and nonunion crew of the TV reality show "Top Chef." A federal jury found the men not guilty Tuesday …
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Merck, Allergan, Lilly: Top Pharma Picks

Barron's - 15 Aug 2017 17:18
Merck, Allergan, Lilly: Top Pharma Picks Merck is a top pick in U.S. Pharma. Allergan's pipeline is undervalued. Lilly has potential drivers.
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JPMorgan Chase Chief Executive Jamie Dimon joined U.S. corporate leaders in denouncing racial intolerance as the pressure heats up on them to challenge President Trump on social and other policy matters. However, Dimon r...
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Several CEOs are voicing the same complaint about one of Trump's biggest brags (HLT, MET, JPM, ACN, OMC, VTR) Alex Brandon (Associated Press) President Donald Trump likes to tout the fact that business and consumer confidence surged after his election. But the CEOs of several large companies have the same grievance: They aren't ...
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Stocks stabilize as North Korea blinks on Guam

New York Post - 15 Aug 2017 16:59
Stocks stabilize as North Korea blinks on Guam US stocks opened flat on Tuesday after North Korea's leader delayed a decision on firing missiles towards Guam, pointing to receding tensions between the United States and North Korea. Pyongyang's plans to fire missiles ...
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Mazda recalls 80,000 vehicles to replace faulty Takata air bag inflators The recall covers front passenger air bag inflators on certain 2007 through 2009 and 2012 CX-7, CX-9 and Mazda 6 vehicles
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Shipyard pays $9.2 million to settle overbilling

Miami Herald - 15 Aug 2017 16:58
One of the nation's largest military shipyards is paying $9.2 million back to the federal government in an overbilling settlement. The U.S. Justice Department announced the settlement Tuesday with Huntington …
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NVIDIA Vs. AMD: Both Offer Unique Growth Opportunities, But One is Our Clear-Cut Choice The comparison between Nvidia Corporation (NASDAQ:NVDA) and Advanced Micro Devices Inc. (NYSE:AMD) is not a straight apples-to-apple...
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