Business News
Mulvaney vows to 'bring sanity' to Qualified Mortgage rule
American Banker - 16 May 2018 01:08
Acting CFPB Director Mick Mulvaney suggested that digital mortgages should be held to different standards than ones originated by credit unions and banks.
Netflix says 85% of its content spend will go to originals (NFLX)
Business Insider - 16 May 2018 16:55
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...
The $8.8 billion UK gambling giant that owns Paddy Power and Betfair is considering buying FanDuel
Business Insider - 16 May 2018 02:22
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...
6 states sue maker of OxyContin as they battle expenses, human costs of opioid crisis
USA Today - 16 May 2018 03:25
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...
SVB is riding the tech wave to record profits. Can it last?
American Banker - 16 May 2018 01:08
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 ...
Will China Approve Qualcomm's NXP Acquisition?
Forbes - 16 May 2018 19:43
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.
Microsoft is reportedly planning a new $400 tablet to compete with the iPad (AAPL, MSFT)
Business Insider - 16 May 2018 17:04
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...
'If I could do it over' _ businesses learn from experiences
ABC News - 16 May 2018 17:01
'If I could do it over' _ plenty of small business owners say they'd do things differently
22 of the funniest tweets about The Great Laurel or Yanny Debate of 2018
Business Insider - 16 May 2018 16:58
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...
Warren Buffett's Berkshire Hathaway buys more Teva and Apple; sells some Wells Fargo
USA Today - 16 May 2018 16:56Coinbase is moving into business offerings
Business Insider - 16 May 2018 16:46
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...
David Tepper seals deal to buy Carolina Panthers for $2.2B
New York Post - 16 May 2018 04:52
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...
New York City May Finally Address Its Cannabis-Arrest Catastrophe
Forbes - 16 May 2018 01:20
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.
The $50 Billion 'Pre-IPO' Market's Next Step Could Be Turning To Blockchain
Forbes - 16 May 2018 22:18
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...
Amazon to give Prime members extra discounts at Whole Foods
Miami Herald - 16 May 2018 17:08
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 …
Feel like your workplace is especially depressing? Scientists found out why
Market Watch - 16 May 2018 16:56
Workers across gender and class divides experience this response to job stress.
British cybersecurity expert heads to court in malware case
Miami Herald - 16 May 2018 16:49
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 …
The Army is inspecting its entire Apache helicopter fleet for a critical defect
Business Insider - 16 May 2018 16:47
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...
David Tepper sells $770M stake in Apple
New York Post - 16 May 2018 04:26
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...
In Age Of Big Data, Banks Face Tricky New Challenges
Forbes - 16 May 2018 16:47
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...
Fox News settles a slew of discrimination lawsuits for around $10 million
Business Insider - 16 May 2018 04:20
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...
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.