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Business News

Location American Business News for 1 May 2018

He Took On Private Equity--and He's Winning

Barron's - 1 May 2018 16:52
He Took On Private Equity--and He's Winning Hedge-fund manager Dan Rasmussen says he's figured out a better way to pick deep-value small-cap stocks. So far, his record bears him out.
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This little league player's coach told him to run home 'as fast as he can' and what he did instead will make you laugh out loud TabbyRodriguez/Twitter A video of a little league player running to home plate is going viral. The little boy's coach told him to run home "as fast as he can" so he did just that. The player runs all the way back in slow...
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Gig Economy Business Model Dealt a Blow in California Ruling

The New York Times - 1 May 2018 04:01
Gig Economy Business Model Dealt a Blow in California Ruling The state's highest court made it much harder for companies like Uber to classify workers as contractors rather than employees.
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(Reuters) - Boeing Co said on Tuesday it entered a definitive agreement to buy aerospace parts company KLX Inc for $4.25 billion, including debt.
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One of Taiwan's largest diplomatic partners just cut them off -- and chose China instead One of Taiwan's largest diplomatic allies, the Dominican Republic, cut ties on Tuesday in order to establish relations with China. China refuses to have diplomatic relations with any country that recognizes Taiwan, leavi...
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This Summer Is Expected To Have Highest Gas Prices We've Seen In Years This could be the most expensive driving summer since 2014.
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This 7-Eleven has a unique way to stop loitering, panhandling MODESTO, Calif. -- A 7-Eleven in California has found a way to keep people from panhandling and loitering outside the store: crank up classical music. Sukhi Sandhu, who owns the franchise in Modesto, said his customers t...
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Why This Globetrotting Jewelry Buyer Quit Her Job To Become A Social Entrepreneur After traveling to exotic global destinations as a jewelry buyer, this entrepreneur took a leap of faith and launched her own jewelry line with a social mission.
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It Took 17 Years: Freelancers Receive $9 Million in Copyright Suit The New York Times and Lexis/Nexis are among the companies that are compensating writers for the digital use of their printed articles.
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Prison officers, IT specialists and other state employees in typically underpaid jobs will get some good news when they see their first paycheck this month. The state has set aside …
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Varun Laul, former Providence PE director, to join Zodius Providence, which manages assets worth $54 billion in PE and credit businesses, exited India last year
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Thousands in Puerto Rico protest austerity measures

News Observer - 1 May 2018 17:04
Thousands of Puerto Ricans are marching to protest pension cuts, school closures and slow hurricane recovery efforts as anger grows across the U.S. territory over looming austerity measures. Tuesday's protest …
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Girls are reportedly bleeding through their pants due to a charter school's 'dehumanizing' bathroom policy Sarah Schmalbruch/INSIDER Noble Charter Schools, a network of schools in the Chicago area, has strict behavioral and dress code policies, according to an NPR affiliate. The policies are so strict that students don't have...
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Boiling Springs Savings Bank said that James Nesci, who had been at TD Bank, will manage its operations and create a strategic plan.
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Guitar Fans Fret As Legendary Maker Gibson Files for Bankruptcy The company has supplied guitars to B.B. King and Elvis Presley
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Ford sales down, Fiat Chrysler up in April as auto industry cools off U.S. auto sales were expected to decline in April, compared with a year earlier, as the industry continues to cool off from a record pace set in 2016. Edmunds.com projected a sales decline of 6%, while Cox Automotive pre...
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Tapestry results beat expectations, but the company announced problems with the Stuart Weitzman brand that are expected to persist.
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Plunging Kate Spade sales hit shares of parent Tapestry Handbag maker Tapestry, formerly Coach, reported a drop in third-quarter margins and a steeper-than-expected decline in same-store sales in its Kate Spade business on Tuesday, sending its shares down 11 percent. The comp...
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UK government in major U-turn on tax havens - Politics live Rolling coverage of the day's political developments as they happen, including David Davis giving evidence to the Lords EU committee on Brexit Voter confidence Brexit talks will end successfully at new low - poll 2.54pm ...
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Markets Right Now: Stocks open lower on Wall Street Stocks are opening moderately lower on Wall Street after several companies reported disappointing results.
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WhatsApp's cofounder could be leaving $1 billion on the table by quitting Facebook (FB) Reuters WhatsApp cofounder Jan Koum is leaving Facebook, which acquired his company in 2014 for $19 billion. Koum is leaving before his stock award fully vests. He could be losing as much as $1 billion in Facebook stock....
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Avicii committed suicide by cutting himself, according to a graphic report by TMZ Jason Merritt / Getty DJ and producer Avicii killed himself, multiple sources told celebrity site TMZ. The news comes after a statement from his family alluded to suicide last week. WARNING: The reports include details o...
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