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Business News

Location American Business News for 23 May 2018
Founder of Instagram-famous fashion brand explains how the company avoids retail's deadliest mistake Lulus Lulus is an online women's fashion brand targeted at 20-somethings. On May 16, Lulus announced that it had received$120 million in venture funding. Co-founder and CEO Colleen Winter said that the business has found...
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10 surprising things royals aren't allowed to do

Business Insider - 23 May 2018 21:42
10 surprising things royals aren't allowed to do Chris Wattie / Reuters Royals don't eat shellfish or meat cooked rare due to food poisoning concerns, and must follow the queen's pacing at meals. Royal dress code rules include neutral nail polish and stockings. They al...
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CRYPTO INSIDER: Developers are raking in million dollar bonuses even as prices slump Paramount Pictures Welcome to Crypto Insider, Business Insider's roundup of all the bitcoin and cryptocurrency news you need to know today. Sign uphere to get this email delivered direct to your inbox. Bitcoin may be dow...
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A bipartisan group of senators warn Trump not to blow it in trade negotiations with China Drew Angerer/Getty Images A bipartisan group of senators — 14 Republicans, 12 Democrats, and a Democrat-leaning independent — sent a letter to top Trump officials about current trade negotiations with China. The bipa...
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Leon Cooperman rails against SEC after tense legal battle Leon Cooperman is still smarting from his costly battle with the Securities and Exchange Commission and has some suggestions for Wall Street's watchdogs. To prevent others from seeing their businesses harmed by regulator...
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10 McDonald's Workers File Sexual Harassment Claims in the U.S. The McDonald's workers, from across the U.S., alleged groping, propositions for sex, indecent exposure and lewd comments by supervisors
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DOJ's effort to stop 'piling on' banks a good first step

American Banker - 23 May 2018 17:17
The Justice Department announced this month that it would seek to reduce duplicative penalties against banks, although more reforms are needed to rein in other agencies.
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Venezuela's disputed presidential election is pushing more of its people out of the country Thomson Reuters CARACAS
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Oil futures trade sharply lower Wednesday, pressured by a surprise jump in U.S. crude supplies and speculation that the Organization of the Petroleum Exporting Countries may decide to boost output to make up for a Venezu...
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Your summer travel plans may just be ruined by higher gas prices GasBuddy's 2018 Summer Travel Survey reveals that many people are staying closer to home for vacation this year. Are you? Tony Spitz has the details.        
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Paypal is going to reap the benefits of being ditched by eBay (PYPL, EBAY) Spencer Platt / Getty Images eBay announced on January 31 that it would replace Paypal with Adyen BV as its payments processor on its site. The contract change gives Paypal an opportunity to pursue other marketplace acce...
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Elon Musk is supposed to be a visionary -- but he hasn't been acting like it lately (TSLA) Mark Brake/Getty Images Since Tesla CEO Elon Musk arrived on the scene, he's been called a visionary. Recently, however, Musk has shown that he prefers short-term thinking. The upsurge in Musk's Twitter activity is the m...
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Emilia Clarke would pay good money for a date with Leonardo DiCaprio: 'He's a pretty looking man' ABC and Isaac Brekken/Getty Images for CinemaCon "Solo: A Star Wars Story" star Emilia Clarke appeared on ABC's "Good Morning America" on Wednesday. While on the show, she recalled details from the time Brad Pitt bid $12...
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Revlon names Debra Perelman as the cosmetics company's first woman CEO New Revlon CEO Debra Perelman is the daughter of the cosmetics' company's billionaire board chairman Ronald Perelman. She previously served as Revlon's chief operating officer, and takes over as the company faces competi...
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German company celebrating opening of new Iowa plant

Miami Herald - 23 May 2018 16:51
A family owned German company is celebrating the opening of its new office and manufacturing plant in eastern Iowa. Group Schumacher's new facility in Durant replaces the U.S. headquarters it …
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Leaders of a northern Colorado city have approved a $3 million deal with two energy companies to stop surface oil and gas drilling. Longmont city councilors voted 6-1 for the …
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Comcast considers fighting Disney for Fox

CBSNews - 23 May 2018 16:48
Comcast said it was considering making an all-cash bid for Fox, which Disney is trying to buy for $52B
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Thieves are targeting Mexico's trucking industry -- and it's bleeding the economy Thomson Reuters PUEBLA, Mexico
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Vox’s new Netflix show is just the start of its video ambitions As Vox.com launches its new Netflix show, Explained, we see the industry trying to figure out a sustainable model for video. In 2015, Claire Gordon was segment producer for the popular HBO comedy show Last Week Tonight. ...
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The Latest on primaries on Arkansas, Georgia, Kentucky and Texas (all times local): 11:20 p.m. A former Teach for America executive has been nominated by Democrats to be the next …
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The Latest on primary runoff elections in Texas (all times local): 10:20 p.m. A Democratic candidate who was attacked as too liberal by the national party campaign committee has lost …
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