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Business News

Location American Business News for 9 November 2017
Nearly Alone Among Business Groups, NFIB Pans GOP Tax Reform -- Then Gets What It Wants When the NFIB talks, the GOP listens.
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Ronald O'Hanley withdrew from law school at Vanderbilt University in 1983 after admitting to plagiarism while editor-in-chief of the school's law review, according to a news report.
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Sina Shows Its Disregard for Shareholders

Wall Street Journal - 9 Nov 2017 08:07
The U.S.-listed Chinese company has given its chairman extra voting rights to fend off activist investors.
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Elon Musk wants to live on Mars, but this planetary scientist says that's a terrible idea In September 2017, SpaceX CEO, Elon Musk revealed his latest aspirations for colonizing Mars. His plan is to send the first humans to Mars in 2024 to build the foundations for the first Martian city. But is Mars really t...
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The Oil Rally Will Fade

Barron's - 9 Nov 2017 18:04
The Oil Rally Will Fade Oil bulls will have to bet on supply disruption due to geopolitics for price targets like $70 or $75 to look plausible.
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Why the US debt won't allow a meaningful tax reform

New York Post - 9 Nov 2017 05:43
Why the US debt won't allow a meaningful tax reform Let me repeat my prediction from a couple of weeks -- and years -- ago: There will be no meaningful tax reform because the precarious US debt situation won't allow it. As you probably heard, Congress proposed tax reform ...
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US oil exports have hit record levels

Business Insider - 9 Nov 2017 04:02
US oil exports have hit record levels Oil prices are finally on the rise again after two years in the dumps. Those low prices led to a build up of US crude, which were quickly depleted by Hurricane Harvey's devastation in Houston Foreign refineries are scram...
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Why the numbers aren't adding up for the Republican tax bill Win McNamee / Staff Members of the House Ways and Means Committee face arevenue hole of at least $74 billion after making a change to their tax plan. As they try to account for the discrepancy, they face challenges inthe...
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Trump's tax cuts will only temporarily boost the economy -- and send debt skyrocketing Chip Somodevilla / Staff The Republican tax planwas announced last week. Credit rating agency Fitch says the bill would only temporarily boost the economy while raising debt levels 120% of GDP. It’s uncertain what if a...
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Egypt pledged support for Thomson Reuters Egypt's President pledged his support for Saudi leaders as tensions between Saudi Arabia and Iran rise. Healso said he was "always against war" when asked about the prospect of attacks on Iran. Lebanon's ...
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Unprecedented Battle Looming: AT&T Threatens To Take Trump And DOJ To Court Over Time Warner Deal The Department of Justice has called on AT&T and Time Warner to sell CNN in order to complete their planned merger.
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(Reuters) - Wisconsin's economic development agency on Wednesday approved a $3 billion incentives package for Taiwan-based Foxconn to build a massive liquid-crystal display plant in the state, Governor Scott Walker said.
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Decaf coffee isn't actually caffeine-free -- here's how much caffeine you're really drinking Steve Cukrov/Shutterstock The INSIDER Summary: We asked two coffee experts if decaf coffee still has caffeine in it. The answer was "yes." If you are sensitive to caffeine, you may want to lay off the decaf at night. If ...
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Pat Hickman, CEO of Happy State Bank, wants his institution to remain viable in the face of stifling regulation. As for selling? That'll happen over his dead body, he says.
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Sean Parker on Facebook: We created a monster

New York Post - 9 Nov 2017 18:32
Sean Parker on Facebook: We created a monster Sean Parker, who played a pivotal role in turning Facebook into a money-minting juggernaut, admits that he is now "something of a conscientious objector" to the social networking giant. Facebook "literally changes your r...
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Barros has no answer for Senate committee on encryption; a bitcoin network split won't happen ... for now.
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Image is everything: The 10 most valuable brands of 2017 The late Steve Jobs took Apple's brand seriously, and the company is still reaping the benefits.        
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Department stores: Macy's sales fall, Kohl's profit drops Macy's sales fall and Kohl's reports a drop in quarterly profit, underscoring challenges for holiday season
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Stocks slide in early trading

L.A. Times - 9 Nov 2017 17:00
Stocks slide in early trading U.S. stocks opened lower Thursday, with telecommunications, industrials and materials sectors leading the drop. Major indexes had edged up to new records Wednesday. Telecommunications service provider CenturyLink is down...
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When It Comes To Sales, More Isn't Always Better In most industries, when we study the differences between the top performers and everyone else in the sales department, the top performers tend to call fewer people but generate more business.
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The Future Accountants: Are You Ready? In a world that is already amid a major change due to technological advancement, the business of accounting is evolving to meet the demands of a new fast-paced culture.
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(Reuters) - Wall Street opened lower on Thursday and the Dow lost 100 points as tech stocks pulled back and skepticism over a Republican tax overhaul plan weighed.
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