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Business News

Location American Business News for 7 September 2017
The Air Force's 'rods from god' could hit with the force a nuclear weapon -- but with no fallout We Are The Mighty The 107-country Outer Space Treaty signed in 1967 prohibits nuclear, biological, or chemical weapons from being placed or used from Earth’s orbit. What they didn’t count on was the U.S. Air Force’...
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I interviewed 60 people who fled North Korea -- here's what they said about life before and after their escape Kyodo/Reuters There is no shortage of commentary on what should be done about North Korean weapons programs. Op-eds in major news outlets variouslyadvocate for talks, a strategy of deterrence combined withprogress on hum...
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The best cat litter boxes you can buy

Business Insider - 7 Sep 2017 17:31
The best cat litter boxes you can buy TheInsider Picksteam writes about stuff we think you'll like. Business Insider has affiliate partnerships, so we get a share of the revenue from your purchase. The Insider Pick: Cats are known for being clean and self-su...
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Ask a Fool: How can I evaluate fast-growing stocks? The PEG ratio can be a useful tool when comparing similar companies.        
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Long-term US mortgage rates fell this week, led by the benchmark 30-year rate, which declined for the sixth straight week. Mortgage buyer Freddie Mac says the average 30-year fixed mortgage …
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Coffee could soon carry cancer warnings on packaging

New York Post - 7 Sep 2017 03:48
Coffee could soon carry cancer warnings on packaging A bitter legal "brew-ha-ha" that could roil the coffee world has kicked off in Los Angeles. Starbucks and a host of other coffee sellers are fighting a lawsuit that alleges roasted coffee beans contain low levels of a ca...
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Facebook Says Fake Russian Accounts Bought $100,00 in Ads--to Make Americans Hate Each Other Facebook CSO Alex Stamos says the company closed 470 "inauthentic" accounts.
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Fed dodges key decision on faster payments

American Banker - 7 Sep 2017 00:08
The central bank said Wednesday that it will assess a range of options regarding its operational role in a modernized payment system, an issue that divides large and small banks.
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Microsoft and Facebook have announced a new open source project today that's aimed at creating a shared model representation for neural networks across different programming frameworks. Called the Open Neural Network Exc...
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Two Millennial Founders Are Transforming Instant Coffee Into A Luxury Craft Experience Ilana Kruger and Kara Cohen noticed a large gap in the market for quality instant coffee. So they created Dripkit, a portable, single-use product to brew the perfect cup of craft coffee on-the-go.
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North Korea is expected to launch an ICBM at full range on Saturday -- Here's how it could go down Getty Images On Saturday, North Koreans will celebrate the anniversary of their country's founding, and experts believe they may mark the holiday with a full-range test of an intercontinental ballistic missile. South Kor...
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Puerto Rico's Finances Add to Vulnerability in Hurricane

The New York Times - 7 Sep 2017 02:12
Puerto Rico's Finances Add to Vulnerability in Hurricane With the island having effectively declared bankruptcy, its infrastructure reflects years of neglect, and the storm could be a new economic blow.
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Newport Beach precious metal dealer Monex accused of $290-million fraud A federal regulator is accusing Monex, a Newport Beach precious metals investment firm, of defrauding thousands of customers of more than $290 million through an illegal scheme that used high-pressure sales tactics and l...
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Gisele Bundchen earns $30 million -- but most New York Fashion Week models make less than $50,000 a year Getty/Fernanda Calfat The 20 highest-paid models, including Gisele Bündchen, earned a collective $154 million last year. Models in New York earn $48,130 on average, and are sometimes only paid in clothes. For some, the ...
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Senate Republicans have almost doubled the size of the disaster relief package for Harvey to more than $15 billion, a first installment to help communities in Texas rebuild from the …
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(Reuters) - Eli Lilly and Co said on Thursday it would lay off about 8 percent of its employees as the drugmaker, which has suffered setbacks over the past year in the development of two potential blockbuster drugs, work...
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4 ways college entrepreneurship classes fall short

Venture Beat - 7 Sep 2017 17:15
GUEST: According to a Bentley University Survey, over 66 percent of millennials would like to start a company. It's no wonder that colleges, universities, and private institutions are trying to ride the wave and offer en...
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A company that wants to be the 'global standard network of genomic data' raised $240 million Reuters/Mike Segar Wuxi NextCODE, a genomic information company, has raised $240 million in oneof the biggest rounds ever raised by a genomics company. The series B round, led by Sequoia Capital,added another $165 millio...
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Bank of America upgrades its digital offerings

Business Insider - 7 Sep 2017 17:10
Bank of America upgrades its digital offerings BI Intelligence This story was delivered to BI Intelligence "Payments Briefing" subscribers. To learn more and subscribe, please click here. Bank of Americaannouncednew updates to its website and mobile app to further cu...
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Rep. Dave Brat (R-VA) said Thursday that, eight months into Donald Trump's presidency, "the swamp is in full control." Brat, a member of the conservative House Freedom Caucus, made the comment to MSNBC's Chuck Todd by wa...
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Wall Street flat after late-day rally

USA Today - 7 Sep 2017 23:01
Wall Street flat after late-day rally Media stocks weighed on Wall Street Thursday on negative updates from Disney and Comcast. Fred Katayama reports. Video provided by Reuters        
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Credit-card interchange fees have doubled over the last eight years.
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