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Business News

Location American Business News for 10 November 2017

Technology is dominating the stock market

Business Insider - 10 Nov 2017 16:29
Technology is dominating the stock market Business Insider In the Fidelity Insight of the Week, Business Insider executive editor Sara Silverstein speaks to Matt Goulet, a vice president of sector investment strategy. He notes that the influence of the technolog...
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Sarepta: Too Much Good News to Ignore

Barron's - 10 Nov 2017 15:46
Sarepta: Too Much Good News to Ignore A convertible bond offering helped knocked down Sarepta's shares this week. But with new drug trials set to begin, another insurer covering its stock, and ample cash on its balance sheet, the next move could be higher.
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Chinese-Owned Factory in Ohio Fights Off Unionization Plan

The New York Times - 10 Nov 2017 05:37
Chinese-Owned Factory in Ohio Fights Off Unionization Plan Workers at the Fuyao Glass factory in Moraine overwhelmingly rejected the union proposal in a key test of how Chinese companies deal with labor relations.
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Lip sync app Musical.ly sold to China's ByteDance for a reported $800 million Musical.ly Inc., maker of the lip-syncing video app popular among teens, has reportedly been sold to China's Beijing ByteDance Technology Co. for about $800 million. Musical.ly, which launched in Shanghai in 2014 and ope...
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JC Penney soars on news of sales rise

USA Today - 10 Nov 2017 16:58
JC Penney soars on news of sales rise JC Penney saw a sales uptick in the third quarter        
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Analyst says 94% of bitcoin's price movement over the past four years can be explained by one equation Business Insider FundStrat cofounder Tom Lee says, "if you build a very simple model valuing bitcoin as the square function number of users times the average transaction value. 94% of the bitcoin moves over the past four...
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The giant Senate tax bill barely squeaked by a critical test Senate Republicans releasedtheir version of the Tax Cuts and Jobs Act on Thursday. The Joint Committee on Taxation found that the bill would add $1.4957 trillion to the national debt, just undera $1.5 trillion limit to p...
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(Reuters) - Wall Street edged lower at the open on Friday hurt by signs of delay in corporate tax cuts until 2019, which may stall the market rally.
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Roku users are streaming an insane amount of video hours (ROKU) Roku crushed its first-ever earnings report as a public company on Wednesday, thanks largely to the massive growth of its platform business. This business includes revenue from advertising and licensing deals, and for it...
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How a phishing scam tripped up a Va. bank

American Banker - 10 Nov 2017 22:08
Outsiders gained access to customer information at Southern National Bancorp of Virginia using a malicious email. Other financial institutions, meanwhile, are implementing policies in hopes of avoiding the same fate.
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iRig Mic HD 2 The Microphone You Can Take Anywhere IK Multimedia Introduces The iRig Mic HD2 Whether you love doing social media videos on the fly, you’re a musician that needs to record on a moments notice or your a reporter looking to make the most out of your smartp...
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Saudi Crisis Means More Risk for Investors

Barron's - 10 Nov 2017 17:04
Saudi Crisis Means More Risk for Investors RBC's Helima Croft sees more turmoil in Mideast but no change for Saudi oil policy.
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Disney's stock is popping after company says it plans to take on Netflix with a 'substantially' lower priced service (DIS) Disney reported earnings that fell short of expectations, sending the stock down after hours Thursday. But the shares were rising in early trading Friday after the company's conference call during which CEO Bob Iger said...
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British panel rules Uber drivers are employees, not contractors The decision could haveimplications for workersin the so-called gig economy.        
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Walt Disney Becomes #3 Most Shorted Dow Stock, Replacing Visa In our new rank based on the most recent short interest data, Walt Disney Co. (NYSE: DIS) has taken over the position of #3 most shorted Dow component, from Visa Inc (NYSE: V) which is now in the #7 spot.
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This Startup CEO Built an Exceptional Team Using These 5 Guidelines Pablo Fuentes, the founder and CEO of Proven, says that these five factors have made all the difference in his ability to build a great team.
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Advertising Can (Maybe) Save the World, Just Not the Way You Think We can agree the world is going to hell, yes? But what if our deepest divisions were actually bridgeable after all? What if there were something we could all agree on? Something upon which we could collectively focus our...
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JC Penney shares surge on surprisingly strong sales

New York Post - 10 Nov 2017 16:23
JC Penney shares surge on surprisingly strong sales JC Penney reported an increase in third-quarter same-store sales that was twice what analysts expected, sending its shares up 15 percent in premarket trading on Friday. The retailer said comparable sales rose 1.7 percent...
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United Airlines is Being Sued By One of its Own Flight Attendants (This Really Doesn't Look Good) A lawsuit over shoes?
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Halladay Crash Video Shows What Happened But Not Why Did Halladay, who had been used to promote the airplane in videos produced by Icon, the creator of the plane, abandon good sense to thrill fly the airplane, or did other factors contribute to his death?
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Stop Beginning Your Speeches with 'Good Morning and Thank You' and Start With This Instead It doesn't matter how compelling your presentation is if you haven't grabbed your audience's attention in the first few seconds.
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How Michael Dubin Built a Brand Identity Out of a Commodity Founder and CEO of Dollar Shave Club, Michael Dubin, talks about how he created one of the most successful startups in recent history.
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