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American Business News for 24 Aug 2017

Business was booming during the solar eclipse

New York Post - 24 Aug 2017 04:41
Business was booming duringI would bet the odds are long that the good folks over at Challenger, Gray & Christmas, the outplacement giant, ever stepped foot into the Waffle House on Stoneridge Drive in Columbia, SC. Or the... Krispy Kreme on Sunset Boulevard in nearby Lexington, SC. If they have visited either location -- or, I presume, any...
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This Entrepreneur Built AnGiving has immeasurable benefits.
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A 'Game of Thrones' fan theoryHBO Warning: Spoilers ahead for "Game of Thrones" season seven. Fan theories are a staple of the "Game of Thrones" community, but every now and again an idea sparks without a whole lot of hard... evidence to back it up. The latest in this craze of hypotheticals is a theory stating that Bran Stark is really the Night King. While it might be an interesting notion, people should probably set aside their tinfoil hats for a moment and consider the facts.First, I'll give an overview of the theory — then break down why it's nonsensical. Why people believe Bran is the Night King The traumatic scene of Hodor's death on season five seems to have sparked the theory. People believed that seeing Bran accidentally warg into past-Hodor/Wylis was meant to show us that he can change the past and inhabit the...
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Bad checks could push a Kansas bank into the red

American Banker - 24 Aug 2017 02:08
Landmark Bancorp in Manhattan, Kan., could lose more than $5 million -- more than it earned in the first half of the year -- if a recently discovered overdraft situation cannot be resolved.
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Debt ceiling crisis would hit banks at their core

American Banker - 24 Aug 2017 23:08
With the deadline for a federal-debt-limit renewal nearly a month away, bankers are dreading the prospects of higher funding costs, strained liquidity, weaker commercial loan demand and other... ramifications if Washington does not act.
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Woodford's investment woes

MoneyWeek - 24 Aug 2017 17:15
Even the very best of investors can find stock-picking difficult, says Merryn Somerset Webb. The post Woodford’s investment woes was first published on MoneyWeek.
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Daimler is reportedlyThomson Reuters German car and trucks maker Daimler is working on a corporate holding structure which could be ready by the company's annual general meeting on April 5, 2019, Manager Magazin said on... Thursday. The magazine said Chief Executive Dieter Zetsche and Chief Financial Officer Bodo Uebber have made a preliminary plan to split the company into three separate entities, a process which would unlock the value of the individual businesses. Mercedes-Benz cars and vans, Mercedes-Benz trucks and buses, and Mercedes-Benz financial services will be separated, the magazine said, adding that new mobility services such as ride-hailing will be added to the financial services arm. Bodo Uebber may end up as head of the corporate holding structure, given that Dieter Zetsche is close to retirement,...
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It pays to be honest about your taxes

MoneyWeek - 24 Aug 2017 12:31
It's never been easier for the taxman to keep tabs on who owes what, says Merryn Somerset Webb. Moonlighters and ghosts have been warned. The post It pays to be honest about your taxes was first... published on MoneyWeek.
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Uber more than doubles revenue in second quarter

New York Post - 24 Aug 2017 05:59
Uber more than doubles revenueWhile Uber's business continues to post strong gains, three mutual-fund companies marked down their investments in the ride-hailing app by 15 percent, suggesting these investors are souring on the... scandal-ridden company. Uber's gross bookings rose 17 percent in the second quarter, to $8.7 billion, and revenue more than doubled to $1.75 billion from the year-earlier...
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Wells Fargo may have just madeWells Fargo Chief Executive Tim Sloan has reassured customers he's doing everything he can to make up for past wrongs -- except, apparently, if they got hit with excessive overdraft fees. Lawyers for... the embattled bank will appear before an Atlanta federal appeals court on Thursday to argue that more than a million customers possibly...
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Kwan Entertainment, DreamMojostar, the joint venture of Kwan Entertainment and Dream Theatre, will tap into the growing influence of Indian celebrities to create powerful retail brands in the country
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What those mysterious whiteEver wonder what those mysterious white stripes on your chicken were? They're turning up now more than ever before. While they don't harm human healthy, scientific studies indicate they can affect the... quality of your meat. The real mysterious is that no one knows what's causing it. The National Chicken Council has funded over $250,000 in research to find the cause of white stripes and another recent abnormality called woody breast. Following is a transcript of the video. What are those mysterious white stripes on chicken? Some chicken looks and tastes different than it used to. The proof? White stripes of fat and hardened muscle in breast meat. The consequence? Reduced quality of raw, cooked, and marinated meat. The culprit? Unclear. But some experts think our insatiable appetite for...
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As emissions caps choke demand for diesel vehicles, electric cars will start motoring. Buy lithium miners and battery makers to cash in, says Julie Boote of Pelham Smithers Associates. The post How to... invest as electric cars get the green light was first published on MoneyWeek.
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FTC Approves Amazon's $13.7The Federal Trade Commission has given Amazon the green light to proceed with its acquisition of Whole Foods, a landmark decision that will put Amazon in the brick-and-mortar map. Critics, however,... are disappointed.
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Elon Musk's Best PR CampaignElon Musk's Best PR Campaign Yet Happened and You May Not Have Noticed
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Abercrombie shares surge nearly 20 percent

New York Post - 24 Aug 2017 16:59
Abercrombie shares surgeAbercrombie & Fitch posted a much smaller than expected quarterly loss on Thursday, helped by robust demand for its Hollister brand, sending the company's shares soaring nearly 20 percent. Hollister,... the retailer's California beach-themed brand of surfwear, reported a 5 percent rise in comparable sales in the second quarter ended July 29, beating analysts' average...
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Business for Sale Market Picks2017 Is Breaking Records as One of the Hottest Markets for Small Business Transactions
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Sprint Is Betting Big OnWhoever said influencer marketing was a trend was wrong.
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American bosses continue to lobby, more quietly

The Economist - 24 Aug 2017 16:45
American bosses continue toIN CORPORATE America, "Trump" seems to be a dirty word, at least in public. After President Donald Trump seemed to equate the actions of white supremacists and their opponents in Charlottesville... earlier this month, dozens of chief executives abandoned his advisory councils. Several organisations cancelled fundraising galas booked at Mr Trump's Mar-a-Lago resort in Florida. Lloyd Blankfein, the boss of Goldman Sachs, an investment bank, compared Mr Trump to the dark shadow cast over parts of America by a solar eclipse: "We got through one, we'll get through the other." Look past the public repudiation, though, and the schism is less stark. As Jason Furman of Harvard University's Kennedy School, who led the White House Council of Economic Advisers during Barack Obama's presidency, points...
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Investor activism is surgingLEAVE it to the Americans to besiege European companies in August, when the entire continent is on holiday. It emerged this month that Corvex Management, an American hedge fund, had built up a $400m... position in Danone, a French food giant. AkzoNobel, a Dutch paints-and-chemicals firm which has been under heavy fire from Elliott Advisors, a subsidiary of another American activist fund, agreed to appoint three new directors to its board. An even bigger skirmish is under way in Switzerland, where Third Point, an American fund run by Daniel Loeb, is seeking to shake up Nestlé, the world's biggest food company. Ulf Mark Schneider, Nestlé's new boss, is under pressure to present bold plans to investors in September. Such tussles used to be relatively rare in Europe. But shareholder activism is...
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How to Build a SaaS BusinessAlthough Silicon Valley is the most well-known startup hub, it may not be the best choice financially. Here are four tips for entrepreneurs hoping to start a successful SaaS business in a different... region of the U.S.
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Nvidia's boost fromNvidia on YouTube Nvidia is among the companies seeinga boost from the cryptocurrency craze, but, that boost has been slowing down recently. Inits second quarter earnings report, Nvidia said it saw a... $150 million boost from miners buying its chips to help mine cryptocurrencies, like Ethereum. During that quarter, the speed of the network increased by about 55 terahashesper second, according to Mitch Steves, an analyst at RBC Capital Markets. Steves says the network is not growing as fast this quarter, which would mean fewer miners are buying cards and the boost from cryptocurrency mining will not be as large for the company in the current quarter. So far, in the third quarter, the network has only increased about 15 terahashesper second, which implies a boost of about $40 to $45 million...
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The 10 best tech jobs in America right now

Business Insider - 24 Aug 2017 16:43
The 10 best tech jobs inYou don't have to work for a major tech company to get a job you love in tech. According toGlassdoor'slist ofthe 50 best jobs in America, there are tons of job openings across various industries for... people with tech skills — and these workers are compensated very well for their know-how. To find thebest jobs in the US, Glassdooridentified careers with the highest overall "job score," which is determined by weighing three factors equally: earning potential (median annual base salary), job satisfaction rating, and number of job openings. For a job title to be considered, it had to receive at least 100 salary reports and 100 job satisfaction ratings shared by US-based employees over the past year. The number of job openings per job title represents active job listings on Glassdoor as of...
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Calculate the Surprising TimeTeam collaboration means high performance. But most meetings aren't effective. The calculator widget saves time and money for teams & organizations.
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Tech Unicorns, Listen Up: YouA group of Silicon Valley investors are offering tech companies valued at $1 billion or more an alternative path public ownership.
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