Business News
Merck to cut 1,800 U.S. sales jobs, add 960 in chronic care
Reuters - 20 Oct 2017 18:45
(Reuters) - Drugmaker Merck & Co Inc , moving to a new sales team structure in the United States, plans to cut 1,800 sales positions, while adding 960 jobs to a new chronic care sales force, the company said on Friday.
Bitcoin spikes to a record high near $6,000
Business Insider - 20 Oct 2017 17:05
Markets Insider Bitcoin is closing in on the $6,000 mark for the first time on Friday,trading up 5.1%$5988 a coin, according to Bloomberg data. The reason for Friday's sudden spike is unclear. The cryptocurrency had been...
U.S. has too many banks: BB&T's Kelly King
American Banker - 20 Oct 2017 02:08
Dramatic changes in the way banking services are delivered combined with slow economic growth has resulted in too many banks chasing too little business, said BB&T's CEO.
Stitch Fix files for IPO, testing investor appetite for online retailers
USA Today - 20 Oct 2017 18:03
The IPO will be the first test of investor reception to the newest breed of online shopping companies.
Microinvestor steps into neobanking clique
American Banker - 20 Oct 2017 19:04
Stash is the latest young fintech to pair debit and savings products with financial advice as it competes for millennial clients.
GE cuts profit guidance as shares fall on trading worries
BBC - 20 Oct 2017 16:50
The industrial giant cuts its profits guidance ahead of the unveiling of a restructuring plan.
A $6 trillion investment chief says don't worry about stock valuations
Business Insider - 20 Oct 2017 16:43
Business Insider Business Insider executive editor Sara Silverstein speaks withRichard Turnill, global chief investment strategist at BlackRock, which oversees $6 trillion. She asks him about valuations, which many peopl...
The Senate passes its budget, clearing a huge hurdle for Trump's tax plan
Business Insider - 20 Oct 2017 03:34
The Senate passed a 2018 budget resolution 51-49. The resolution includes instructions for reconciliation, whichwould allow Republicans to pass tax reform without supportfrom Democrats. The Senate passedits fiscal year 2...
Ryan says tax overhaul will include a bracket aimed at the wealthy
L.A. Times - 20 Oct 2017 18:20Here's the meaning behind all of those obscure IKEA product names
Business Insider - 20 Oct 2017 17:48
IKEAhas a very specific system in place for naming its products. For example, rugs are named after towns in Denmark or Sweden, while bed and bath accessories are named after flowers and plants. Following is a transcript ...
3.5 million more people are without health insurance since Trump was elected
Business Insider - 20 Oct 2017 16:53
Getty Images/Pool The percentage of Americans without health insurance increased to 12.3%in the third quarter. This is an increase of 0.6 percentage points from last quarter, and 1.4 points from a year ago. Gallup said t...
Some cities are going to extraordinary lengths for Amazon HQ2
USA Today - 20 Oct 2017 02:21
These places really want to host Amazon's second headquarters. Video provided by Newsy
California wildfire losses exceed $1 billion, insurance commissioner says
Market Watch - 20 Oct 2017 01:43
California's recent wildfires have caused more than $1 billion in damage, according to a preliminary estimate Thursday from the state's insurance commissioner, and that total is only expected to rise.
JPMORGAN: Tesla could have to raise the price of the Model 3 (TSLA)
Business Insider - 20 Oct 2017 18:56
Benjamin Zhang/Business Insider Tesla is going through "production hell" right now as it tries to get more Model 3s out the door. If it can't solve its production problems, the company could look to other ways to maintai...
Bad weather and Brexit cloud big-ticket buys at John Lewis
The Guardian - 20 Oct 2017 18:41
Chain says home furnishings face 'real challenge' as housing markets stalls but group finds solace in booming sales of 'little pleasures' The recent downturn on the high street is largely down to the weather but the unce...
Amazon CEO commemorates opening of giant wind farm in a smashing way
ABC News - 20 Oct 2017 18:11
Jeff Bezos celebrated the opening of a new wind farm in Texas by standing on top of a giant wind turbine and smashing a bottle of champagne on it.
Bombardier's next generation $73 million Global 7000 private jet just made its air show debut (BBD.B)
Business Insider - 20 Oct 2017 17:51
Bombardier Bombardier recently showed off its fourth and newest Global 7000 prototype private jet. The aircraftis expected to be one of the most capable and expensive private jets in the air with a price tag of $72.8 mil...
Russia is considering an official cryptocurrency called the 'CryptoRuble'
Business Insider - 20 Oct 2017 02:14
Sputnik/Mikhail Klimentyev/Kremlin via REUTERS Russian President Vladimir Putin has reportedly decided that the time has come for a national cryptocurrency called the CryptoRuble. Last week, Russian authorities discussed...
How the paper clip became a million dollar idea
BBC - 20 Oct 2017 01:24
The BBC's Aaron Heslehurst explains how the paper clip became a million dollar idea and inspired a resistance movement.
G7 backs internet industry effort to detect, blunt extremism
Miami Herald - 20 Oct 2017 18:53
The Group of Seven industrialized nations have thrown their support behind a new technology industry alliance aimed at detecting and blunting online propaganda to combat extremism on the internet. G7 …
California employers boosted payrolls last month
L.A. Times - 20 Oct 2017 18:15How Samsung plans to catch up to Siri and Google Assistant (GOOGL, AAPL, GOOG)
Business Insider - 20 Oct 2017 18:07
BI Intelligence This story was delivered to BI Intelligence Apps and Platforms Briefingsubscribers. To learn more and subscribe, please click here. Six months after Samsung unveiled its answer to Apple’s Siri and Googl...