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Business News

Location American Business News for 12 January 2018

More questions for Wells Fargo after exam rating leak

American Banker - 12 Jan 2018 00:08
The disclosure of a key part of Wells Fargo's exam rating is fueling speculation that further regulatory action may soon be taken against the megabank and raising renewed questions about its regulator's oversight.
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33 surprising facts about the animals who call the frozen Arctic tundra home Shutterstock The Arctic —the northernmost part of the earth —covers millions of miles of frozen landscape. Sub-zero temperatures are often the norm. Despite its harsh conditions, the Arctic is home to some amazingly ...
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Uber says it used a tool to hide data when police raided its offices outside U.S. The tool, code named Ripley, could lock computers and smartphones and change passwords remotely from the company’s headquarters in San Francisco.        
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Bitcoin, Ripple, And Ethereum Sell-off On Korean Concerns May Be Overblown The real reason South Korea is after Bitcoin, Ripple, Ethereum, and other cryptocurrencies.
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SAN FRANCISCO
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7 European cities where it's cheaper to stay in a hotel than an Airbnb Flickr/minniemouseaunt As the 'January blues' sweep in, sometimes it seems that the only light at the end of the tunnel is the thought of booking a long, sunny getaway to look forward to. But with money after Christmas s...
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Trump's 'shithole' comment has revived a debate about calling Trump a 'racist' CNN Journalists are debating again whether to call President Donald Trump a "racist." Outlets famous for censoring profanity chose to print his description of certain countries where immigrants come to the US as a "shith...
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Watch a Navy helicopter door-gunner blast a drone out of the sky US Navy/Mass Communication Specialist 2nd Class Antonio Turretto Ramos and Lt. Ken Petkunas Drones have become a security concern for the United States military. You might wonder why that is the case when the military op...
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Wall Street skeptical of Kodak's stock rally after crypto reveal Kodak stock is shaking like a Polaroid picture. Wall Street gave Eastman Kodak some negative exposure on Thursday as investors bet that a huge two-day rally in the company's shares would collapse. Kodak shares more than ...
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How CES Highlights the Speed of Change for Brands Joshua Spanier, senior marketing director of global media for Google came away from CES with a very clear view of just how fast technology development is outpacing consumers' ability to make sense of it, never mind adopt...
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CenturyLink suspends merit raises for 2018

USA Today - 12 Jan 2018 04:48
CenturyLink suspends merit raises for 2018 Last month, the company announced that no holiday bonuses would be paid.        
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Walmart boosts minimum wage again, hands out $1,000 bonuses Walmart is boosting the minimum hourly wage for its U.S. employees to $11 and dishing out bonuses of up to $1,000.        
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IBM just replaced its chief financial officer (IBM)

Business Insider - 12 Jan 2018 03:16
IBM just replaced its chief financial officer (IBM) IBM IBM veteranJames J. Kavanaugh will take over as CFO. Kavanaugh replaces Martin J. Schroeter, who's served as CFO since 2014.Schroeter will take on the role as SVP of global markets. Both role changes went into effect...
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Bitcoin conference no longer accepting Bitcoin payments A bitcoin conference is no longer allowing customers to buy tickets with Bitcoin, because the transactions are too much of a burden, according to NYMag. Veuer's Sam Berman has the full story.        
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Here's Why Mobile Payments Are The Future Of Commerce Morethan 5 billion people have access to mobile phones and only 1.2 billion have bank accounts.For this reason, financial institutions looking to increase their customer base are going mobile.
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Streaming services are killing off the DVD and Blu-ray industry DVDs may be headed for the same fate as VHS cassette tapes, as consumers change their viewing habits and binge on a variety of video streaming services. The shift from discs to online streaming can be seen in Digital Ent...
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Dodgers Writer Driven To Defense Of Yu Darvish Obviously Darvish's World Series performance was a disaster, and if one were to apply the term "goat" to the proceedings, this free agent right-hander is your man. But past is not necessarily prologue in baseball, and "d...
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7 kitchen appliances that practically cook dinner for you

Business Insider - 12 Jan 2018 20:57
7 kitchen appliances that practically cook dinner for you The Insider Picks team writes about stuff we think you'll like. Business Insider has affiliate partnerships, so we get a share of the revenue from your purchase. In an ideal world, I would cook food at home as much as po...
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Here's who would win between the US Navy's newest stealth destroyer and a Russian battlecruiser Jeff Head/Flickr The USS Zumwalt is the most modern destroyer in the US Navy and the lead ship of her class. Pyotr Velikiy is a Russian Kirov-class battlecruiser, one of the largest surfacewarships in the world. A fight ...
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Stampede of Tech Giants Gives Rebalancing New Appeal

The New York Times - 12 Jan 2018 18:00
Stampede of Tech Giants Gives Rebalancing New Appeal The breakaway climb of growth stocks has unbalanced many investor portfolios. Is it time to trim tech and tilt back to value?
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The bank's effective tax rate will drop this year to 19% from 32%. That means that if JPMorgan generates the same pretax profit this year as it did in 2017, earnings will rise by more than $3.5 billion.
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A look at the life of Steve Jobs' youngest daughter Eve, an accomplished equestrian and Stanford student who trains on a $15 million ranch Neilson Barnard / Getty Images • Eve Jobs is the youngest child of late Apple founder Steve Jobs. • She is currently attending Stanford University. • Jobs is an accomplished equestrian with years of national and in...
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