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Business News

Location American Business News for 23 October 2017
As Trump prepares for visit to Asia and China's Xi, U.S. increasingly finds itself behind a wall As Donald Trump prepares for his first trip to Asia as president early next month, including a meeting in Beijing with Chinese President Xi Jinping, it's worth looking at the wall that he has built around the United Stat...
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The yen is at a three-month low after Abe's win, while the euro struggles Kent Nishimura/Getty Images Japan's currency hit a three-month low on Monday following a win for Prime Minister Shinzo Abe's government. The US dollar was a major beneficiary. Meanwhile, a constitutional crisis in Spain ...
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Saudi Aramco's IPO is on track for 2018, CEO says

Business Insider - 23 Oct 2017 12:53
Saudi Aramco's IPO is on track for 2018, CEO says REUTERS/Hamad I Mohammed Saudi Aramco's initial public offering remains on track to take place in 2018,CEO Amin Nasser told CNBC on Monday. Nasser's comments come following a Reuters report out last week suggestingthe IP...
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Subway scrambles to understand plunge in sales

New York Post - 23 Oct 2017 04:27
Subway scrambles to understand plunge in sales For decades, the Subway sandwich chain was among the hottest restaurants in the world. Its healthier-than-burgers menu, wallet-friendly $5 footlongs and go-anywhere store concept helped it grow from a small regional play...
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Tillerson Warns Europe Against Iran Investments

The New York Times - 23 Oct 2017 03:03
Tillerson Warns Europe Against Iran Investments With the U.S. considering reimposing sanctions on Tehran, companies do business with it "at great risk," the secretary of state said.
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Ford Mustang revs up excitement for 2018

USA Today - 23 Oct 2017 20:25
       
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Byron Wien Measures China's Tech Success

Barron's - 23 Oct 2017 19:03
Byron Wien Measures China's Tech Success The country has a quarter of world's "unicorns." And three companies represent 16% of global digital advertising sales.
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Gambling adverts 'in 95% of matches'

BBC - 23 Oct 2017 02:00
Gambling adverts 'in 95% of matches' One in five TV adverts during football matches are for gambling, says the Victoria Derbyshire show.
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AT&T extends Time Warner merger deadline

New York Post - 23 Oct 2017 16:20
AT&T extends Time Warner merger deadline AT&T on Monday said it had extended by a "short period" the deadline to close its proposed deal to acquire Time Warner. The telecom giant said it took the move "to facilitate obtaining final regulatory approval required ...
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Ask Three Questions Before You Jump Into That Hot ICO ICOs are the new, new, new, hot thing. Some early investors have made a killing. Should you jump in? Here are three questions of consider before you click to invest.
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5 Ways A Saudi Aramco IPO Could Play Out

Forbes - 23 Oct 2017 04:08
5 Ways A Saudi Aramco IPO Could Play Out Amidst much speculation here are 5 forecasts for a Saudi sale of Aramco shares.
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Where Internet Orders Mean Real Jobs, and New Life for Communities Vast warehouses are being built, fueling a demand for lower-skilled workers and reviving areas that once relied on manufacturing.
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New Zealand dollar is slumping with the coalition of Labour and NZ First parties Currencymuseum.net The NZDUSD is under a huge amount of pressure overnight after New Zealand has finally formed a government andcenter-leftLabour party leader Jacinda Ardern is going to be the new Prime Minister. This wa...
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Wells Fargo woes go on; United seeks better card deal

American Banker - 23 Oct 2017 16:43
Bank fires four forex traders, while the OCC slams its auto lending practices; United wants to renegotiate its co-branded credit card agreement with JPM.
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Meijer, Whole Foods, others recall packaged vegetables on listeria concerns Recalls stem from Mann Packing finding a single positive result found in one product during random sampling in Canada.        
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WeWork Bets People Will Skip College, and Acquires Coding Bootcamp Flatiron School With its acquisition of Flatiron School, WeWork expands from real estate into education
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Networking giant Cisco has announced plans to pay out $1.9 billion to acquire Broadsoft, a Maryland-based cloud communications company that creates software for PBX systems, team collaboration, and other related enterpri...
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Shares in UK's biggest car dealer Pendragon fall by 17% Brexit uncertainty and air pollution plans hit cars sales as company says decline will continue into 2018 Shares in the UK's biggest car dealer have plunged by 17% after a surprise profit warning which also raised new fe...
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China: Where natural gas market could boom next

USA Today - 23 Oct 2017 16:05
China: Where natural gas market could boom next In the coming 20-30 years, China is expected to be the leading determinant in global natural gas demand, outpacing the U.S. as the biggest natural gas consumer.        
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Call to tax unoccupied homes with stamp duty and council tax review A call is made for new taxes on the empty homes that are owned by super-rich investors.
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Arqiva IPO to be UK's largest flotation so far this year TV, radio and mobile phone mast company which carried first BBC television broadcast expected to be valued at £6bn by listing Arqiva, the owner of TV, radio and mobile phone masts across Britain, is to float with a proj...
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A newly identified third type of diabetes is being wrongly diagnosed as type 2 Thomson Reuters A new type of diabetes has been identified: type 3c. Type 3c is caused by pancreas damage as a result of inflammation, tumors, or surgery. A study shows that many doctors have been classifying Type 3c as ...
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