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Business News

Location American Business News for 25 May 2018

Want to Make Money Like a C.E.O.? Work for 275 Years

The New York Times - 25 May 2018 11:18
Want to Make Money Like a C.E.O.? Work for 275 Years For the first time, companies in the U.S. are disclosing how their C.E.O.'s compensation compares with the pay of employees. The results are eye-opening.
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Groups aims to open first post-crisis bank in Arizona

American Banker - 25 May 2018 17:27
Organizers of Scottsdale Community Bank plan to raise a minimum of $16 million.
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Snap is launching a content innovation accelerator (SNAP)

Business Insider - 25 May 2018 17:10
Snap is launching a content innovation accelerator (SNAP) 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. Snap isinvesting$150,000 intoa team o...
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We went shopping for electronics at Best Buy and Sears -- and it's clear who does it better (BBY, SHLD) Business Insider/Jessica Tyler Best Buy and Sears both sell appliances and electronics like TVs, smart-home devices, and speaker systems. If Sears were toclose all of its stores, Best Buy would be in a good position to c...
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Actor and tech investor Ashton Kutcher surprised Ellen DeGeneres on Wednesday with a $4 million gift -- in cryptocurrency.
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Samsung owes Apple $539M, jury says

NBC News - 25 May 2018 04:16
Samsung owes Apple $539M, jury says Previous rulings had determined that Samsung infringed on some of Apple's patents, but the amount of damages owed has been hanging in legal limbo.
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Trump signs biggest rollback of bank rules since Dodd-Frank Act President Trump Signs Biggest Rollback of Bank Rules Since Dodd-Frank Act        
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Live Nation gave execs $11M in bonuses despite missing targets: suit A Live Nation investor is accusing the concert promoter of handing out $11 million in bonuses to top execs last year despite their failure to meet performance targets. The suit filed Wednesday, which seeks class-action s...
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Shari Van Cleave, head of Wells Fargo Digital Labs, says the bank is experimenting with artificial intelligence and augmented reality to create new ways to present data to customers.
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Federal Reserve Chairman Jerome Powell on Friday said central bank independence doesn't just mean having the ability to pick interest rates without political interference, but set regulations as well.
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Tesla accelerated seconds before Autopilot crash in Utah: cops A Tesla that crashed while in Autopilot mode in Utah this month accelerated in the seconds before it smashed into a stopped firetruck, according to a police report obtained by The Associated Press Thursday. Two people we...
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Eric Schmidt shoots down Elon Musk's doomsday vision of AI's threat to humanity: 'Elon is exactly wrong' (GOOGL) Getty and Reuters Alphabet's Eric Schmidt has shot down Elon Musk's doomsday vision of AI. Speaking at VivaTech in France, Schmidt said Musk "is wrong" because he "doesn't understand the benefits that this technology wil...
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Thinking of buying an inexpensive vehicle? 25 cheapest car models to insure Car insurance premiums have risen sharply in recent years and the amount a typical American pays for car insurance depends on many factors. Here are the cheapest ones to insure.        
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Why Adobe's Magento Acquisition Will Supercharge the Customer Journey Clark W. Griswold's Christmas was in jeopardy--he needed a Christmas tree. Because, of course, Christmas is not complete without that iconic symbol that completes the magical experience of the holidays. So what did Clark...
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Gas prices are going up -- here's how to squeeze more miles out of every gallon Gas prices are going up, but before you blame the attendant, know this: The biggest impact on your fuel economy is the way you drive.
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Gap is doubling down on one of retail's deadliest mistakes (GPS) Mallory Schlossberg/Business Insider GapInc. reported disappointing 2018 first-quarter earnings for its namesake brand on Thursday. Same-store sales were down 4%, and heavy discounting weighed on profit margins. Gap's CE...
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Oil prices plunge Friday as reports say OPEC and Russia are considering lifting production by as much as 1 million barrels a day to meet the shortfall in supply from Iran and Venezuela.
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Hot Hedge Fund Firm Bets Big on Intel, Transocean Australia's Platinum Investment has nearly doubled the S&P 500's returns since 1993. Now it's selling Coke.
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Woman Says She Was Bullied, Bound and Gagged at Work in Scotland A fisheries inspector brought a claim of workplace harassment against the Scottish government, alleging years of racism, sexism and bullying.
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Summer jobs programs for students kicks off

Miami Herald - 25 May 2018 05:12
A Baltimore City councilman has kicked off the This is Working summer jobs program in which businesses in his district provide employment for students. The Baltimore Sun reports Councilman Zeke …
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Asian markets were mixed in cautious early trading Friday, after President Donald Trump canceled his upcoming summit with North Korean leader Kim Jong Un.
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A fundraiser for President Donald Trump who launched a lawsuit against Qatar accusing the Gulf country of hacking his emails updated the filing Thursday to target a cybersecurity firm and …
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