Business News
Here's what oil at $70 means for the world economy
livemint.com - 10 May 2018 05:23
Among the most-exposed economies, the Reserve Bank of India could have a big headache from a surge in crude oil prices
Walmart'sTax WindfallWill Create More Minimum Wage Jobs...In India
Forbes - 10 May 2018 03:38
Walmart's big tax windfall is supposed to help create more jobs here in America. Instead, it will end up financing investments that will create more jobs overseas, in India.
5 key differences between a machine gun and an automatic rifle
Business Insider - 10 May 2018 23:07
Cpl. Aaron S. Patterson/US Marine Corps Even within the military, there are people who use the terms "machine gun" and "automatic rifle" interchangeably. While these classifications of weapon share similar functions and ...
Don't Let Bad Creative Ruin Good Data
AdWeek - 10 May 2018 16:00
This is truly the golden age for marketers. The original prophecy of the internet: You can collect (or buy) data about your current and potential consumers; analyze, identify, segment and cross reference data from multip...
Venezuela's Brewing Oil Shock May Be Bigger Than Iran's
Wall Street Journal - 10 May 2018 14:28
Two threats could further disrupt Venezuelan oil exports, possibly taking as much crude off the market as the renewal of Iran sanctions.
Use an EpiPen? FDA notes some shortages of injector used to treat allergies, bug bites
USA Today - 10 May 2018 17:56
The U.S. Food and Drug Administration added EpiPens to its drug shortages list, citing manufacturing delays. EpiPens are injectors used to treat health-threatening shock from food allergies, insect bites or other allerge...
21st Century Fox posts its 'highest cable earnings ever'
New York Post - 10 May 2018 05:08
While reporting its "highest cable earnings ever," Twenty-First Century Fox posted mixed fiscal third-quarter results, missing Wall Street's income projections but exceeding its revenue target. Strong growth in the cable...
New Zealand central bank governor says economy in sweet spot
ABC News - 10 May 2018 04:46
New Zealand's new central bank governor says he has started his job with the economy in a sweet spot thanks to robust growth, high levels of employment and low inflation
Apple is gaining ground for the 9th straight day (AAPL)
Business Insider - 10 May 2018 17:42
Mike Blake/Reuters Apple shares have been rallying for over a week. Apple is closing in on a $1 trillion market cap. Shares got a boost after Warren Buffett's Berkshire Hathaway added to its position last week. Watch app...
Anheuser-Busch dragged down by flat domestic sales
New York Post - 10 May 2018 04:18
AB InBev was so patriotic last summer it renamed its Budweiser brand "America" -- but this year, a name switch to "Brazil," "India" or "Paraguay" seems in order. Those are the countries propping up today's "King of Beers...
Amazon Prime could lose members as it gets more expensive, a new poll suggests (AMZN)
Business Insider - 10 May 2018 17:41
AP/Joseph Nair A new poll of 1,000 Amazon Prime members by Atherton Research found that 59% of those surveyed are not planning on renewing their membership after it expires. Amazon recently raised the price of Prime memb...
RBS reaches $4.9 billion deal to settle U.S. mortgage bond probe
Reuters - 10 May 2018 04:32
BOSTON/WASHINGTON
What India Loves And Hates About Walmart Acquiring Flipkart
Forbes - 10 May 2018 04:12
Walmart's $16 billion acquisition of Flipkart is as polarizing as it is epic, evoking excitement, nostalgia, fear and hope for the Indian business ecosystem.
Technology, health care companies driving US stocks higher
ABC News - 10 May 2018 17:33
U.S. stocks are moving broadly higher, extending solid gains from a day earlier
Q&A: Mutual fund companies deduct dividend distribution tax, but not capital gains tax
livemint.com - 10 May 2018 05:09
Only in the case of NRI investors, mutual fund companies deducts TDS for redemptions
Trump's Iran deal decision has traders worried about oil prices
New York Post - 10 May 2018 04:59
Interest rates shot up Wednesday, and the US government's 10-year bill exceeded a 3 percent yield, again. Why did rates jump? Mainly because Trump's decision to pull out of the Iranian nuclear deal has traders worried th...
Timber! Lumber Prices Vulnerable to a 50% Fall
Barron's - 10 May 2018 20:09
The big jump in prices plus an upcoming WTO ruling on U.S. tariffs could prompt a sharp decline. Remember the Spotted Owl Spike?
Markets Right Now: Stocks move higher on Wall Street
ABC News - 10 May 2018 17:56
Stocks are moving broadly higher in midday trading, extending solid gains from a day earlier.
China sentences founder of Anbang to 18 years for fraud
News Observer - 10 May 2018 05:12
A court in Shanghai sentenced the founder of the Chinese insurance company that owns New York City's Waldorf Hotel to 18 years in prison on Thursday after he pleaded guilty …
Sequoia Capital Places Quenching Bet On India's Own Craft Beer Revolution
Forbes - 10 May 2018 04:37
One of Silicon Valley's most reputable venture capital firm is placing bets on Asia's growing thirst for micro brews. One Indian homegrown brand is well positioned to bubble to the top.
Analyst: China's ZTE Shuts Down After U.S. Tech Ban Over Iran Sales
Forbes - 10 May 2018 04:15
Confirming Atherton Research's report last month, ZTE declared today that it had ceased "major operating activities", including factories, after the Trump administration banned U.S. companies to sell it technologies, inc...
RBS agrees to pay $4.9 billion to settle U.S. mortgage probe
American Banker - 10 May 2018 04:08
Royal Bank of Scotland said it reached a tentative agreement to pay a $4.9 billion penalty to resolve a long-running U.S. probe into its packaging and sale of mortgage-backed securities before the 2008 financial crisis.