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Business News

Location American Business News for 31 August 2017
How to Tell if Someone Is Lying: 10 Tells and Clues (Ranked in Ascending Order of Reliability) Some of the things we've been taught are wrong, others are tell-tale signs. Combine them all for best results.
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In-N-Out sees Double-Double in suing Smashburger

USA Today - 31 Aug 2017 03:16
In-N-Out sees Double-Double in suing Smashburger Burger wars have broken out anew over names for the fabled sandwiches.        
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5 tips for watching your wallet in the aftermath of Hurricane Harvey Consumers can be flooded by fake investment pitches, bad deals on water damaged vehicles and other money-losing propositions after Hurricane Harvey.        
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Police in New Hampshire are searching for a suspect who they believe burglarized two stores. The Telegraph reports ( ) the burglaries happened over the weekend in Hollis. Police say …
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States preparing to pick up slack if CFPB backs down

American Banker - 31 Aug 2017 00:08
As Republicans policymakers pursue efforts to revamp the Consumer Financial Protection Bureau and replace its leadership, state agencies are already preparing to fill any vacuum that might ensue if the CFPB steps back.
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Naspers comes under fire for free-riding on Tencent

The Economist - 31 Aug 2017 16:51
Naspers comes under fire for free-riding on Tencent SOUTH AFRICA'S stockmarket has Naspers largely to thank for its recent record highs. Shares in the media and internet group have soared by 45% this year; even before then it was Africa's most valuable firm. So recent unr...
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FDIC terminates consent order with Discover

American Banker - 31 Aug 2017 06:08
The 3-year-old order was related to Discover Bank's programs for combating money laundering. A related agreement with the Federal Reserve Bank of Chicago remains in effect.
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The Underappreciated Risks to Canadian Banks

Wall Street Journal - 31 Aug 2017 17:24
A frothy housing market, high debt levels and rising interest rates could spell danger for Canadian lenders.
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Cheerios' Failed Case for Yellow Shows Why It's So Hard for Brands to Trademark Colors It's bad enough for General Mills that Americans have been losing interest in breakfast cereal for the past decade or more, but the brand got more bad news last week when the Trademark Trial and Appeal Board rejected its...
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Economy grows at fastest pace in more than two years

New York Post - 31 Aug 2017 04:05
Economy grows at fastest pace in more than two years The US economy expanded at the fastest pace in more than two years, the government reported on Wednesday, spurred on by an uptick in spending from consumers and investment from business. The positive report comes on the ...
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Subprime loans were one of the main causes of the financial crisis. But lending to high-risk borrowers are making a comeback, Financial Times reports.
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A Simple Way to Be More Assertive (Without Being Pushy)

Harvard Business Review - 31 Aug 2017 16:00
Try this three-step approach.
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Harvey Shuts Main Fuel Line From Texas to New York The Colonial Pipeline system is the main provider of gasoline, diesel and jet fuel for major cities like New York, Atlanta and Washington, D.C.
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Jobs are one of the only battles Trump might be winning President Trump isn't winning many battles these days. But he is ahead in an important one: Job growth over the past three months has improved to a point at which bragging might be in order. On Friday, Trump and the rest...
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Mattis was asked why he continues to serve under Trump -- Here's what he said Defense Secretary Jim Mattis had an interesting answer when asked why he continues to serve under President Donald Trump, who has at times made major policy changes without even talking to him about it. Trump's behavior ...
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Upcoming fiscal deadlines could lead to a government shutdown, but tax reform bill will satisfy markets, Friedman says.
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Wells Fargo said Thursday that employees opened 3.5 million potentially unauthorized consumer accounts over a nearly eight-year period, a 67% increase from its earlier estimate.
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A former sales director for a New York charter bus company is accused of stealing 36,000 amusement park admission tickets, worth over $1 million. According to the Daily News ( …
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Cancer drug a major breakthrough -- but it has a hefty price tag US health regulators have approved a revolutionary new drug that uses a patient’s own cells to fight cancer – but it costs $475,000. Pharma giant Novartis on Wednesday won highly anticipated US approval for the first...
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(Reuters) - Facebook Inc launched its Watch video service to all users on Thursday with plans to allow anyone to submit shows, as the No. 1 social media network takes on Alphabet Inc's rival YouTube to boost advertising ...
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The Trump administration has taken another step toward building a wall on the U.S. border with Mexico, even as funding for the project remains in question. U.S. Customs and Border …
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Sydney presses ahead to build 'the big tapeworm' -- an $11 million steel sculpture for the city's main street that will be twice as wide as originally planned _ The City of Sydney council voted narrowly in favour of pressing ahead with a giant steel sculpture across the city’s main street, despite the cost of the project more than tripling to $11.3 million. The 58-metre high...
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