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Business News

Location American Business News for 15 June 2018
Federal prosecutors filed criminal charges against Theranos Inc. founder Elizabeth Holmes and the blood-testing company's former No. 2 executive, alleging that they defrauded investors out of hundreds of millions of doll...
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Oil is tumbling ahead of next week's OPEC meeting

Business Insider - 15 Jun 2018 17:10
Oil is tumbling ahead of next week's OPEC meeting AP Photo/Ronald Zak Oil was down more than 3% on Friday ahead of an OPEC meeting. The US has reportedly pressured the cartel to raise output. Watch oil trade in real time here. Oil fell Thursday a week ahead of an OPEC m...
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ADPVoice: The Benefits and Perils of Cross-Device Tracking New insights are available by tracking across devices, but new regulations may also apply.
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The home field of the New York Mets will host a beer festival boasting over 80 breweries and 200 types of beer. The first annual New York Beer Fest will …
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Company slammed for 'Baby Daddy' Father's Day card

New York Post - 15 Jun 2018 03:25
Company slammed for 'Baby Daddy' Father's Day card You can't judge a book by its cover -- but a Father's Day card, that's a different story. Just ask American Greetings, which caught plenty of grief on Thursday for its tone-deaf "Baby Daddy" card. The card, which was qui...
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(Reuters) - Broadcom Inc said it had laid off about 1,100 employees across its businesses to cut costs after its merger with Brocade Communications Systems.
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Behind BofA's hiring push in low-income areas

American Banker - 15 Jun 2018 23:08
Bank of America is in expansion mode and wants to add 10,000 retail and other workers who better reflect the communities it serves.
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(Reuters) - U.S. stocks fell on Friday after the United States announced tariffs on $50 billion worth of Chinese goods, spurring a promise of immediate and equivalent retaliation from Beijing.
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Senators slam top financial regulator over banking scandal A top financial regulator felt the wrath of senior senators over his refusal to say which banks were behind the opening of 20,000 potentially unauthorized accounts. Speaking before the Senate Banking Committee Thursday, ...
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Yankees Midtown steakhouse to close after less than five years The Yankees may be winning on the field -- but they have taken a big K in the kitchen. After less than five years, the Bronx Bombers' extravagant steak house in Midtown Manhattan is closing on Aug. 26, The Post has learn...
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President Donald Trump approved assessing tariffs on about $50 billion of Chinese goods, said individuals familiar with the decision, as the U.S. ratcheted up its trade fight with Beijing.
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Justice Department Won't Seek Injunction to Stop AT&T-Time Warner Deal The government could still appeal a court ruling allowing the merger. In the meantime, the two companies can close their deal.
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A set of retaliatory tariffs released by China on Friday includes a plan to tax American lobster exports, potentially jeopardizing one of the biggest markets for the premium seafood. Chinese …
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Sen. Graham defends his relationship with Trump: 'I don't give a s---' Screenshot via CNN Sen. Lindsey Graham defended President Donald Tump's dealings with North Korea and immigration in a Friday CNN interview. Graham said he doesn't "give a s---" about possible criticism of his "working w...
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U.S. stocks sink with other markets as trade worries with China rise U.S. stocks fell with other markets around the world on Friday after the Trump administration announced tariffs on $50 billion of imports from China, raising the possibility of an escalating clash between the world's two...
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Fed sets bank exposure caps; Equifax hires IBM AI expert

American Banker - 15 Jun 2018 17:08
Largest banks would be limited on how much risk they could have with each other; the credit bureau has hired the former head of the computer giant's Watson unit.
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The state's preliminary May unemployment rate matched the April, March and February rate of 2.8 percent, the Nebraska Labor Department said in a report released Friday. The rate is down …
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NOW HIRING: Business Insider is looking for a paid video writing intern Sarah Jacobs/Business Insider We are hiring a video writing intern to join the video team at Business Insider. The role includes pitching, researching, and producing scripts for science, innovation, and tech videos. A ba...
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Marlins Man loses $1.5 million to embezzlement

Miami Herald - 15 Jun 2018 16:54
Marlins Man got taken deep. A bookkeeper pleaded guilty this week to embezzling $1.5 million from South Florida lawyer Laurence Leavy, who often sits in the best seats at major …
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(Reuters) - Wall Street was set to open sharply lower on Friday after the United States announced tariffs on $50 billion worth of Chinese goods, spurring a promise of immediate and equivalent retaliation from Beijing.
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Momentum investing - buying what has already gone up in price in the belief that it will keep doing so - shouldn't work in theory. Yet in real life, it does. Stephen Connolly looks at why - and what to buy. The post Mome...
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The 5 best apps for following the World Cup 2018

Fast Company - 15 Jun 2018 07:00
The 5 best apps for following the World Cup 2018 Are you a diehard soccer fan? Then here are the best mobile apps to help you keep track of this year’s FIFA World Cup. The 2018 World Cup has begun and soccer fans around the world are gearing up for an exciting month....
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