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Business News

Location American Business News for 6 June 2018

Citizens recruits a career coach from IBM's AI lab

American Banker - 6 Jun 2018 21:08
Ctizens Financial Group is partnering with IBM to develop a virtual career coach that will use artificial intelligence to help employees set career goals and determine what kind of training they need to develop new skill...
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The 1969 US downturn can tell a lot about a key recession signal that's been flashing yellow Getty Images / Mario Tama The US yield curve has been flattening over recent months. Risk of inversion, a key recession signal, rises as the curve flattens. The 1969-70 recession can offer us a look at what today's yield...
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Two people have filed a class-action lawsuit against Hawaii restaurant chain Zippy's. Zippy's alerted its customers April 27 that it experienced a data breach at all of its 25 restaurant, …
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Here's where Trump's steel tariffs are going to hit the hardest Kevin Frayer/Getty Images These charts show exactly which countries make a lot of steel, and which do not. China produced 10 times more steel than the US in 2017. Steel tariffs are now in place, and the world is grumblin...
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A man died while climbing Mount Everest in a cryptocurrency publicity stunt gone horribly wrong AP In May, social network ASKfm sponsored a group of cryptocurrency enthusiasts to climb Mount Everest as a part of a marketing stunt for their forthcoming ICO. ASKfm buried hardware wallets containing $50,000 worth of t...
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Billionaire hedge fund founder Ray Dalio thinks exploring the ocean is more exciting and important than going to Mars -- here's his new mission Photo by Ilya S. Savenok/Getty Images for OceanX Bridgewater hedge fund founder Ray Dalio is a proponent of ocean exploration and has long been involved in ocean research. Dalio has announced a new initiative, OceanX, th...
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Greece May Be Turning a Corner. Greeks Who Fled Are Staying Put. Greece is reaching a pivotal moment as it prepares to exit financial bailouts. Greeks who left the country are skeptical.
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Chinese tech company ZTE may pay a $1.7 billion fine to avoid sanctions on working with US firms Thomson Reuters ZTE has signed an agreement in principle allowing the US government to claim up to $1.7 billion in penalties from the Chinese firm. In return the US Commerce Department would lift its sanctions that preve...
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An inquiry into the sales practices of more than 40 banks launched in the wake of the Wells scandal found several systemic issues and hundreds of problems at individual institutions. The OCC completed the review in Decem...
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How Sony's $2.3 Billion EMI Buy Goes Beyond Beyoncé, Presley and Jackson Industry experts discuss how Sony's chart-topping $2.3 billion EMI purchase changes the face of music.
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Water alert re-issued for Oregon capital area

News Observer - 6 Jun 2018 20:59
Salem, Oregon, officials re-issued a limited no-drink warning for tap water in the state's capital city, reinstating guidelines lifted only days before advising medically sensitive groups to find other water …
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This One Simple Thing Is Absolutely Necessary To Be An Expert Did you know there's another method to focus your brand message without getting pigeonholed into selling to one industry? And this method will actually help you become more expert more quickly, help you be seen as an exp...
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Athenahealth CEO leaves company

CBSNews - 6 Jun 2018 17:15
Founder of health IT provider has been accused of inappropriate behavior; investors push company to find buyer
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Super Cruise driver-assist system expanding to all Cadillacs General Motors says it's expanding a hands-free driver assist system to all vehicles starting in 2020
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(Reuters) - PetSmart Inc, the largest U.S. pet retailer, has hired restructuring advisers to explore ways to trim its debt pile of more than $8 billion as it continues to face falling profits, according to people familia...
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Athenahealth CEO steps down in wake of past abuse allegations Jonathan Bush is out of Athenahealth. Weeks after reports surfaced of prior allegations of domestic abuse and sexual harassment against the chief executive, the Watertown, Mass.-based company said Wednesday that Bush wou...
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New Tesla: Does it really come without a steering wheel? The new Tesla Model Y may not have a steering wheel.        
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Airbnb's growth curbed by by safety concerns, competition: researcher Researcher eMarketer forecasts 5 million fewer bookings on Airbnb this year than originally projected, due to competition, and safety issues.        
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Officials: Texas county falls victim to $525K scam

Miami Herald - 6 Jun 2018 16:47
Investigators say a Southeast Texas county appears to be the victim of a $525,000 email scam after government funds meant for road repairs were sent to a wrong account. Galveston …
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Young entrepreneurs overcome inexperience and skeptics Young people who start companies in their teens or at college find their age can be an issue, but also a help
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U.S. stocks are mostly rising Wednesday morning as banks rise in tandem with interest rates. Energy companies are also climbing while technology companies take small losses after they finished at …
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UPS Teamsters take the first step toward a strike as negotiations continue Unionized UPS workers authorized a potential strike as they continue bargaining for a new contract at the package-delivery giant. Teamsters union members voted Tuesday to give theirnegotiators the right to call for a str...
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