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Business News

Location American Business News for 16 May 2018
Acting CFPB Director Mick Mulvaney suggested that digital mortgages should be held to different standards than ones originated by credit unions and banks.
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Netflix says 85% of its content spend will go to originals (NFLX) This story was delivered to Business Insider Intelligence "Digital Media Briefing" subscribers hours before appearing on Business Insider. To be the first to know, please click here. Netflix Chief Content Officer Ted Sar...
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The $8.8 billion UK gambling giant that owns Paddy Power and Betfair is considering buying FanDuel Kevin C. Cox/Getty Images UK-based gambling conglomerate Paddy Power Betfair is considering buying FanDuel, according to multiple reports. A US ban on sports gambling has recently been struck down, and the acquisition wo...
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6 states sue maker of OxyContin as they battle expenses, human costs of opioid crisis The lawsuits — filed in state courts in Florida, Nevada,North Carolina, North Dakota, Tennessee and Texas — accuse Purdue Pharma of aggressively selling its drugs it spite of knowing the products were potentially dan...
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Equity warrants. Capital calls. Off-balance-sheet accounts. SVB's unusual business model thrives on financing rainmakers and cutting-edge firms, but old-school issues like overconcentration, unpredictable fee income and ...
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Will China Approve Qualcomm's NXP Acquisition? Qualcomm's deal to purchase NXP Semiconductors has been caught in the crosshairs of the trade tensions between the U.S. and China, with the Chinese government holding up regulatory approval of the $44 billion deal.
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Microsoft is reportedly planning a new $400 tablet to compete with the iPad (AAPL, MSFT) Melia Robinson/Business Insider Microsoft is reportedly working on a new, lower-cost Surface tablet, according to a report from Bloomberg. The new tablet would start at $400 and have a 10-inch screen, about nine hours of...
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'If I could do it over' _ businesses learn from experiences 'If I could do it over' _ plenty of small business owners say they'd do things differently
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22 of the funniest tweets about The Great Laurel or Yanny Debate of 2018 RolandCamry/Reddit; @emmachamble/Twitter People are torn over whether an audio recording says "Yanny" or "Laurel." It's both, but the debate has led to a lot of great tweets. Check them out below. On Tuesday, the interne...
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Warren Buffett's Berkshire Hathaway buys more Teva and Apple; sells some Wells Fargo Warren Buffett's Berkshire Hathaway confirms its giant purchase of Apple in the first quarter. It also reveals it doubled its position in Teva Pharmaceutical, and sold some Wells Fargo.        
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Coinbase is moving into business offerings

Business Insider - 16 May 2018 16:46
Coinbase is moving into business offerings This story was delivered to Business Insider Intelligence "Fintech Briefing" subscribers. To learn more and subscribe, please click here. Cryptocurrency exchange operator Coinbase has announced the launch ofCoinbase Cust...
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David Tepper seals deal to buy Carolina Panthers for $2.2B Hedgie David Tepper has sealed a deal to buy the NFL's Carolina Panthers for roughly $2.2 billion as regulatory filings show stakes in gaming stocks, The Post has learned. The price, up from his previous $2.1 billion off...
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New York City May Finally Address Its Cannabis-Arrest Catastrophe After decades of advocacy and many millions of life-altering arrests, Big Apple residents may soon see change in how marijuana is treated in the nation's consumption capital.
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The $50 Billion 'Pre-IPO' Market's Next Step Could Be Turning To Blockchain Could the multi-billion dollar 'pre' Initial Public Offering (IPO) market be poised to turn to the Blockchain and associated distributed ledger technology (DLT) as an effective and efficient model to raise capital for ve...
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It's Prime time at Whole Foods: Amazon said it will give its Prime members extra discounts at the grocery chain. The new benefits started Wednesday at Whole Foods stores in …
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Workers across gender and class divides experience this response to job stress.
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A British cybersecurity expert accused of creating and distributing malware designed to steal banking passwords is headed to court for a hearing on what evidence may be used in the …
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The Army is inspecting its entire Apache helicopter fleet for a critical defect Daniel Brown/Business Insider The Army has ordered aviation techs to widen their search for abroken partthat can send Apache helicopter rotors catastrophically ripping loose mid-flight. The Pentagon stopped accepting del...
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David Tepper sells $770M stake in Apple

New York Post - 16 May 2018 04:26
David Tepper sells $770M stake in Apple Billionaire hedge fund manager David Tepper no longer wants a bite of Apple. Tepper's Appaloosa Management exited its position in the tech giant some time in the first quarter, according to regulatory filings released Tu...
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In Age Of Big Data, Banks Face Tricky New Challenges Banks see data as the new oil - a valuable resource the best use of which will differentiate the winners from the losers. With the use of third-party data to augment their internal data to make decisions, banks need to v...
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Fox News settles a slew of discrimination lawsuits for around $10 million Fox News Fox News reportedly reached a $10 million settlement for several discrimination lawsuits filed by 18 current and former employees. The ranged from claims of racial, gender, and pregnancy discrimination. The sett...
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Cisco drops despite earnings beat

CNBC - 16 May 2018 22:14
Cisco beat earnings and revenue estimates for its fiscal fourth quarter but saw its stock fall anyway after hours.
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