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Business News

Location American Business News for 21 September 2017
KB Home CEO Jeffrey Mezger censured after rant about neighbor Kathy Griffin Company also cut Jeffrey Mezger's bonus by 25% after vulgar rant directed at neighbor Kathy Griffin over her noise complaint to police went viral.        
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Here are all the changes Amazon is making to Whole Foods (AMZN) Reuters Whole Foods is swiftly transforming under Amazon's control. Amazon's $13.7 billion acquisition of Whole Foodsformally went throughin August. The changes began immediately, from cutting costs to internal restructu...
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Minecraft Built a Colossal Machine Inside the Game to Advertise a Special New Update In-world advertising is always a fun tactic for gaming brands. And now, Minecraft has gotten into the act, enlisting ad agency 215 McCann to build a giant machine inside the Minecraft world--whose mismatched components s...
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Yellen signals Wells may face more actions

American Banker - 21 Sep 2017 03:08
Federal Reserve Chair Janet Yellen said Wells Fargo's treatment of customers was "egregious and unacceptable," hinting that more regulatory action was likely.
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Frequent Flyer Denied Second Carry-On Bag Demands An Explanation Frequent flyer Joyce Gioia was confounded when she was told she couldn't bring a personal item aboard an American Airlines flight. If you find airlines' carry-on bag rules confusing, you may want to learn what happened t...
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Lego Hit a Wall Because It Grew Too Quickly. Here's How to Pace Your Company Lego hit a brick wall because it was growing too fast to focus - it needed to pace its business growth to stay in focus
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Bandhan Bank IPO to hit markets next fiscal

livemint.com - 21 Sep 2017 14:57
Bandhan Bank IPO to hit markets next fiscal Bandhan Bank MD Chandra Shekhar Ghosh says the bank has appointed 5 merchant bankers and the process of IPO has started. It should happen before August next year
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'South Park' Review: 'Put It Down' Is A Glorious Return To Sharp, Surreal Satire A brilliantly bizarre episode that was a little too close to reality.
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SAN FRANCISCO
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Auberge Resorts: How A Small, Family Company Became A Player In Ultra-Luxury Hospitality Auberge Resorts Collection is a small, family company known in the hospitality industry for developing and operating ultra-luxury inns and resorts across the Americas, competing against companies many times its size, as ...
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Amazon is bringing 2,000 jobs in advertising, fashion to New York City Amazon has promised to create roughly 6,000 jobs across New York state by 2019. Next year, Amazon will open a new office in Manhattan.        
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TGI Friday's agrees to settle wage suit for more than $19M TGI Friday's is finally ready to pay up. The 52-year-old restaurant chain has agreed to pay a whopping $19.1 million to settle accusations that it chronically underpaid its servers, bussers, runners and bartenders for ye...
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SEC reveals 2016 hack that breached its filing system

News Observer - 21 Sep 2017 06:55
The Securities and Exchange Commission says a cyber breach of a filing system it uses may have provided the basis for some illegal trading in 2016. In a statement posted …
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Trump's rally in Phoenix, Arizona, reportedly cost the city $450,000 Ralph Freso/Getty Images President Trump's campaign rally in Phoenix last month cost the city more than $450,000, according to a report. Trump delivered a wide-ranging, 76-minute long speech at a campaign rally at the Ph...
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14 Things Everyone Should Know About Blockchains Blockchain will transform the way we do business and finance, because it creates an "internet of value." The impact will be enormous. Learn what it is and the 14 things everyone should know about blockchains so you can s...
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Google and HTC Corp. announced a $1.1 billion cooperation agreement Wednesday night, as part of a move by the U.S. tech giant to bolster its hardware offerings.
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Perry Ellis International, the Doral-based global clothing retailer, announced it was eliminating the position of executive chairman held by former CEO George Feldenkreis. J. David Scheiner, the former president and …
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Wells Fargo Investment Institute issues its 2018 year-end target range for the S&P 500. It predicts the index will end next year between 2,450 and 2,550.        
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Standard & Poor's cuts China credit rating, citing debt The Standard & Poor's rating agency cut China's credit rating Thursday due to its rising debts, highlighting challenges faced by the country's leaders as they cope with slowing economic growth. The downgrade added to mou...
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Why Coke is endorsing a fake sports star

Business Insider - 21 Sep 2017 19:35
Why Coke is endorsing a fake sports star EA It's not necessarily big news when an athlete lands a big endorsement deal, like LeBron James signing on with Nike, or Tom Brady shilling for Ashton Martin. But Coke inking a big deal with soccer star Alex Hunter may ...
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Starling Bank aims to fly with £40m funding

Sky News - 21 Sep 2017 19:35
Starling Bank aims to fly with £40m funding The first of Britain’s digital-only challenger banks to launch into the current account market is kicking off talks with investors about a new funding round to propel its international expansion.
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US stock indexes edge lower in morning trading; oil falling U.S. stock indexes are headed lower in morning trading, wiping out modest gains from a day earlier
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