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Business News

Location American Business News for 29 August 2017

Banks aren't giving up on personal finance apps

American Banker - 29 Aug 2017 17:04
Two popular personal financial management apps are being shut down this week. But optimism remains about banks' investing in PFM tools -- so long as they rethink a technology that has failed to win over the masses.
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Expedia chief a costly choice for top Uber job

New York Post - 29 Aug 2017 03:50
Expedia chief a costly choice for top Uber job Uber has gotten rave reviews for its new CEO pick -- but it may have to pay through the nose to get him. The scandal-ridden ride-hailing company has offered its top job to Expedia Chief Executive Dara Khosrowshahi, who h...
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Apple could be the world's first trillion-dollar company Apple is rolling out its new iPhone next month -- and it could make the tech giant the world's first trillion-dollar company. The Cupertino, Calif.-based company -- whose stock closed near its all-time high Monday, givin...
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US consumer confidence improves again in August American consumers are giving today's economy the highest grade in more than 16 years
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Will Harvey Soak Auto Insurers?

Wall Street Journal - 29 Aug 2017 19:33
Home insurance doesn't cover floods, but auto insurers will have to pay up for all of those sunken cars in Houston.
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A.I. Is Coming for Your Job. Will You Be Ready? Everyone needs to have an honest conversation with themselves about whether they actually add value, because if the answer is no, it's time for a career change.
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3 Things Entrepreneurs Should Expect From President Trump's Upcoming Tax Announcement With all of the discussion about taxes, it's important for entrepreneurs to know what tax changes could mean for small business and entrepreneurship
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Carbon Craft Principals Acquire Southport Boats

Venture Beat - 29 Aug 2017 16:25
PRESS RELEASE: The principals of Carbon Craft Inc. today announced they have acquired Southport Boats for an undisclosed amount. Anchors Aweigh Capital (AAC), a private investment firm focused on maritime businesses, adv...
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Minding the GAP; fretting about loans to retailers

American Banker - 29 Aug 2017 15:08
CFPB and OCC are looking at auto lenders' policies regarding so-called GAP insurance; banks want greater collateral from retailers.
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As Hurricane Harvey​ slammed into the Texas coast, it shut down some of the biggest oil and gas refineries in the country
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Whole Foods Is Part of Amazon Now, So I Stopped By Monday After Work (Here's What's Different) The lower prices, the piles of Amazon products, and home delivery--wait is that last part even new?
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This multitrillion-dollar suit can't go unnoticed

New York Post - 29 Aug 2017 05:10
This multitrillion-dollar suit can't go unnoticed There was a major development in a lawsuit last week that every investor should know about -- and worry about. But nobody is paying attention. A New York federal judge appointed three law firms to serve as lead counsels ...
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USFDA hikes drug application processing fee by $100,000 for FY18 The USFDA move to hike the ANDA processing fee will hurt the Indian pharma industry which is heavily dependent on the US market for exports
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California ruling could speed tax measures to ballot

Miami Herald - 29 Aug 2017 16:56
The California Supreme Court has handed down a ruling that could make it slightly easier for citizens to use ballot initiatives to raise new local taxes. The San Francisco Chronicle …
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How This Beauty Startup Found Success by Dominating Instagram Glossier started strong with a loyal fan base and demonstrated values of quality, fun, and accessibility.
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Ikea in talks with state governments to source wood

livemint.com - 29 Aug 2017 16:41
Ikea in talks with state governments to source wood Ikea said it is in talks with a number of state governments including Telangana, Karnataka, Maharashtra for sourcing wood for furniture
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EU moves to close share trading loophole

livemint.com - 29 Aug 2017 19:13
EU moves to close share trading loophole The EU has moved to close a loophole that could have allowed banks to hook up with each other to skirt tougher transparency rules for share trading from January
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This chart shows the 17 US companies with the biggest piles of cash American companies are hoarding cash like crazy. In the second quarter of 2017, twenty-four of the largest American companies are holding on to a whopping $1.01 trillion in cash reserves, up 1.63% from the first quarter,...
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Five9 Stock Could Rise by 50%

Profit Confidential - 29 Aug 2017 11:52
Five9 Has Vast Potential to Appreciate When you hear the term "call centers," you probably envision a setting with rows and rows of cubicles, and hundreds of people talking at the same time. While this may not be that fa...
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Dixon Technologies sets price range for up to Rs600 crore IPO next week Dixon Technologies will sell shares in a price range of Rs1,760 to Rs1,766 in its initial public offering set to open on 6 September
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ABC News reporter covering Hurricane Harvey gets slammed online after reporting alleged looters to police ABC News reporter Tom Llamas ignited controversy on Tuesday after tweeting thathe had informed authorities of what he described as the "looting" of a grocery store during Hurricane Harvey. Llamas initially tweeted on Tue...
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A humble CEO might be good for business -- but there's a reason it's hard to find one Paramount Pictures Humility is the latest badge of virtue for those in positions of influence, frompoliticians, toexecutives, tochart-topping artists. Theideaof ahumbleCEO is a romantic departure from the greedyself-serv...
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