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Business News

Location American Business News for 9 June 2018
Uber reportedly weighs bid for company that owns Citi Bike There may be a battle brewing over who will buy Motivate, the owner of the Big Apple's Citi Bike program. Uber is weighing a bid for the company, according to a report on Friday. On June 1 it was reported that rival ride...
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The Dow Gains 681 Points as There's No Place Like Home "The market has made a clear distinction between the U.S. and the rest of the world," says one economist.
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LA MALBAIE, Quebec
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Impact Investors Seem Happier With The Potential Of Enterprises In Their Porfolios Impact investors seem considerably more satisfied with the availability of high-potential deals and their investments are largely meeting or exceeding their financial and impact expectations, according to the Global Impa...
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Dalton State College student Bryan Lopez is part of a school team that will, as part of its many duties, recruit students across the state line in Tennessee this fall. …
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Microsoft is trying to become the 'Netflix of Gaming,' putting it on the path to $1 trillion (MSFT) YouTube/Xbox Microsoft could soon finish developing the next big thing in gaming. Some on Wall Street haven't appreciated Microsoft's gaming potential, according to Morgan Stanley analyst Keith Weiss. The gaming business...
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WASHINGTON
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Amazon Founder Jeff Bezos Has Never Been Richer Than He Was This Week With the soaring stock reaching a new high this week, the founder and CEO's fortune ended the week $3.3 billion richer.
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Tyson recalls over 3,000 pounds of chicken due to plastic contamination The Department of Agriculture announced the recall of breaded chicken.
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How Batteries Will Change the Power Business

Barron's - 9 Jun 2018 03:50
How Batteries Will Change the Power Business Lower costs for wind and solar plus advances in battery storage are upending the electricity business.
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Swiss Vote Could Trigger Money System Remake

Barron's - 9 Jun 2018 00:36
Swiss Vote Could Trigger Money System Remake This weekend, one country's voters will have a chance to take a step toward remaking our unstable financial system.
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Royal Bank of Canada fired its U.S. investment banking chief Blair Fleming because he failed to disclose that he was having an improper relationship with an employee.
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Is the $15 a month Sprint unlimited deal that good? We surveyed the competition. Nothing comes close. Sprint turned heads with plans to offer $15 a line for unlimited monthly wireless. Here's how this compares to similar plans. Here's what you give up.        
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With jet fuel prices up nearly 50%, fliers eventually will pay more, experts say Jet fuel prices have shot up 40% to 50% over last year, but airline passengers in the U.S. don't need to worry about airfares following that trend -- yet. Two of the nation's largest airlines warned this week that rising...
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Walt Disney Co.'s top creative animation exec, "Toy Story" director John Lasseter, is leaving the company at the end of this year, following accusations that he hugged and touched subordinates in unwelcome ways
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Georgia has asked vendors to stop collecting local sales tax on jet fuel. The move comes just months after Lt. Gov. Casey Cagle effectively killed a broader sales tax exemption …
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Elon Musk might have a secret plan to fix Tesla's troubling cash problems -- and it could involve China (TSLA) Joe Scarnici/Getty Images for Best Events Tesla CEO Elon Musk has been steadfast in his refusal to raise more money in 2018. But Tesla's burn rate means that it will run out of money in just a few quarters if no new fund...
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President Donald Trump has charged into the Group of Seven summit at odds with key allies over U.S. tariffs, then set out to defuse tension with friendly banter and offered …
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Verizon went with a relative newcomer over a company veteran to replace its CEO -- and that may signal a shift in the company's long-term strategy David Ramos/Getty Images Hans Vestberg, chief technology officer at Verizon, will step into the role of CEO in August, replacing seven year veteran Lowell McAdam. Vestberg previously ran telecom company Ericsson AB, befo...
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A horse bred and owned by Queen Elizabeth II won the $400,000 Belmont Gold Cup Invitational by a length. Sent off as the 9-5 favorite, Call To Mind ran two …
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Tariffs Won't Crash BMW, VW Shares

Barron's - 9 Jun 2018 02:51
Tariffs Won't Crash BMW, VW Shares Reports that Trump is weighing a 25% import levy overstate the impact on German car makers. A buying opportunity.
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An explosion at a northern Colorado drilling site injured three workers, including one who was hospitalized with minor injuries. Windsor Police Sgt. Brian Smith tells The Greeley Tribune the small …
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