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Business News

Location American Business News for 15 May 2018
(Reuters) - Home Depot Inc on Tuesday missed Wall Street forecasts for sales at established stores, as an unusually long winter hit sales of springtime gardening products such as fertilizers and mulch.
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Follow This 'Prophet' to the RV Promised Land

Wall Street Journal - 15 May 2018 11:30
The RV industry performed horribly this year after a strong 2017, but investors' best bet may be Camping World Holdings, not manufacturers like Thor or Winnebago.
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Goldman Sachs Group Inc. is shaking up the leadership of its powerful trading arm, which was once the envy of Wall Street but has struggled in recent years.
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Seattle voted to impose a new tax on the city's biggest companies, including Amazon, to fight rising real estate costs.
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Here's how well Asian countries do based on their available resources The "power gap" measures resources of countries against their actual level of influence. North Korea has the worst power gap at -6.9. Japan has the best power gap, meaning itpunches above its weight in terms of influence...
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Will Trump come to Qualcomm's rescue again?

L.A. Times - 15 May 2018 01:25
Will Trump come to Qualcomm's rescue again? President Trump may be about to do Qualcomm Inc. another huge favor. On Sunday, Trump tweeted that he was working with his Chinese counterpart to ensure that ZTE Corp. doesn't go under, weeks after the U.S. Commerce Depa...
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Fintech founders and John Schulte of Mercantile Bank share what it takes to make bank/fintech relationships work.
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It's a good news-bad news situation for small businesses when interest rates rise. The Federal Reserve says that the economy is doing well, so it has raised its key rates …
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Pet Tech Has Venture Capitalists Wagging Their Tails Millennials are spending big on their pets.
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Casino stocks hit jackpot with court ruling on sports betting Any stock investor gambling on the Supreme Court repealing the ban on sports betting was a winner. The two chains with the biggest shares of the national casino market, Penn National Gaming and Caesars Entertainment Corp...
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A dozen auto makers failed to meet a deadline to repair millions of air bags that risk exploding in crashes, prompting the U.S.'s senior-most traffic-safety regulator to summon them to meetings.
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Russia's oil revenue is about to soar

Business Insider - 15 May 2018 01:35
Russia's oil revenue is about to soar Reuters/RIA Novosti Roughly 40% of Russia's federal budget revenues come from oil federal budget. Russia expects oil revenue to jump five-fold. Russia to post a budget surplus for the first time since 2011. Due to the oi...
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Bank of Hawaii launches program with large Japanese bank

American Banker - 15 May 2018 17:16
Bank of Hawaii will serve Japanese citizens looking to conduct business in the United States.
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Should You Buy FTSE 100 Giant Vodafone After This News? Telecoms colossus Vodafone Group has slipped following latest trading details. Why? And should you snap up some shares in the business today?
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It's Time To Wake Up The eSports Space With Blockchain It's time to pick up your gaming controller and move your character onto the blockchain, because the gaming space is drawing closer. In today's digital age, eSports has awoken from its slumber, bringing new platforms and...
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Elaine Wynn scores big victory over board members linked to ex Elaine Wynn just won big at Wynn Resorts. Long-serving board member John Hagenbuch decided not to stand for re-election at the casino-chain's shareholder meeting Wednesday, Wynn Resorts announced Monday. Wynn had waged a...
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WASHINGTON
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Retailers Expect Big Mobile Commerce Sales During Ramadan Retailers are embracing mobile commerce opportunities during Ramadan, which has become a lucrative sales period. Southeast Asia, which is home to several Muslim-majority countries, is a particularly attractive region for...
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Target Experiments With Faster Supply Chain

Forbes - 15 May 2018 03:13
Target Experiments With Faster Supply Chain The retailer aims to reduce delivery time from warehouse to store to hours, not days.
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DealBook: Please, Please Buy This Gun Company

The New York Times - 15 May 2018 03:01
DealBook: Please, Please Buy This Gun Company Big banks, private equity firms and national retailers that have vowed to operate with a social conscience could band together to turn Remington into the model of a modern gun company.
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Trump's defense of China's ZTE stirs backlash and speculation of quid pro quo President Trump's stunning change in stance toward a Chinese telecom-equipment maker that his administration recently sanctioned drew widespread rebuke Monday, even as it seemed to increase the likelihood that the U.S. a...
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Prosecutors dismiss an invasion of privacy charge against Missouri governor Eric Greitens Jeff Roberson/AP St. Louis prosecutors dismissed the criminal invasion of privacy charge against Missouri Governor Eric Greitens. Greitens was indicted in February on a felony invasion of privacy charge in connection wit...
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