Business News
Watch out for bitcoin criminals
New York Post - 12 Jul 2018 04:31
Let me give you a consumer alert that I can't fully explain right now. If anyone -- especially people selling a service -- asks you to pay in bitcoin, run away. Bitcoin transactions are untraceable, so if a crook promise...
Why so many elderly people are still working
New York Post - 12 Jul 2018 04:48
On the heels of Friday's good employment report, this interesting bit of information came out: The number of people over 85 years old who are still working is rising. The Washington Post, which ran the story, gave a whol...
Victoria's Secret can't even sell its merchandise at a discount
Market Watch - 12 Jul 2018 17:03
L Brands reported struggles selling Victoria's Secret merchandise, even during the semiannual sale, sending shares down.
Papa John's founder resigns as chairman amid n-word scandal
New York Post - 12 Jul 2018 05:25
Papa John’s founder John Schnatter resigned as the company’s chairman on Wednesday night after fallout over his use of the n-word during a conference call. The company released a statement that said the directors had...
Brent oil gains $1 to claw back some losses
Reuters - 12 Jul 2018 05:22
Brent crude rose more than $1 on Thursday, recouping some ground after its biggest one-day drop in two years in the previous session on news that Libya would resume oil exports and U.S.-China trade tensions.
Solicitor general holding out on AT&T, Time Warner retrial
New York Post - 12 Jul 2018 04:49
US Solicitor General Noel Francisco is all but putting a stop to any Department of Justice appeal in its suit to stop AT&T from buying Time Warner, two sources have told The Post. President Trump's DOJ has until Aug. 12 ...
Chipmaker Broadcom inks $19 billion deal to buy software company CA
Reuters - 12 Jul 2018 04:32
Broadcom Inc announced a $18.9 billion deal to buy U.S. business software company CA Inc on Wednesday, venturing far beyond its realm of semiconductors and testing investors' confidence in its Chief Executive Hock Tan's ...
Court approves $21M price cut in Weinstein Co. sale
New York Post - 12 Jul 2018 04:28
A $21 million price cut in The Weinstein Co.'s sale to a Dallas private equity firm received court approval on Wednesday -- setting up the deal's closing on July 13. Bankruptcy Court Judge Christopher Sontchi said the $2...
China Vows to Retaliate Against the Trump Administration's Threat of Another $200 Billion in Tariffs
Time - 12 Jul 2018 04:06
China gave no details, but it has plenty of options that could extend beyond additional tariffs on U.S. imports
Postal worker avoids prison for role in drug shipments
Miami Herald - 12 Jul 2018 17:14
A U.S. Postal Service employee worker will avoid prison for taking money from drug dealers for special deliveries to homes in western New York. The U.S. Attorney's Office in Buffalo …
Citi is deploying robots to help the world's biggest companies collect cash from customers -- boosting a key $8.5 billion business for the bank (C)
Business Insider - 12 Jul 2018 17:12
Jae C. Hong/AP Citi is partnering with fintech company HighRadius to automate a key money-collection process for businesses. The companies have launched Citi Smart Match, which applies artificial intelligence and machine...
'It's All Priced in': UBS warns Netflix's stock is topping (NFLX)
Business Insider - 12 Jul 2018 17:08
Netflix Potentially explosive international subscriber growth is already priced into Netflix shares, UBS analyst Eric Sheridan wrote in a note out to clients. Sheridan downgraded the stock from "buy" to "neutral." He did...
China says 'bully' United States started a trade war
Reuters - 12 Jul 2018 17:07
The United States has started a trade war and China will defend itself, Chinese Vice Minister of Commerce Wang Shouwen said on Thursday, adding that the United States was a bully and must "take the gun" away to smoothe t...
The Army has picked 6 companies to make prototypes for its new automatic rifle
Business Insider - 12 Jul 2018 17:00
US Marine Corps Textron is gambling that its 14 years of work on case-telescoped weapons research will satisfy the US Army's ambitious requirements for an M249 squad automatic weapon replacement. The service recently awa...
9 tricks on Slack that will make your work day more fun
Business Insider - 12 Jul 2018 16:51
Strelka Institute for Media, Architecture and Design If you work in an office, odds are you’re communicating with coworkers through Slack. The innovative group-chat platform can be a great way to collaborate with cowor...
Broadcom loses $19 billion in market value after bid to buy CA
Reuters - 12 Jul 2018 16:49
Chipmaker Broadcom Inc's surprise bid to buy software company CA Inc for $18.9 billion wiped off the same amount from its market value on Thursday, with investors and analysts struggling to find a clear reason for the de...
Big corporates' quest to be hip is helping WeWork
The Economist - 12 Jul 2018 16:48
WITH his flowing locks and hip clothes Adam Neumann, co-founder and chief executive of WeWork, looks less like a property baron than the frontman of a rock group. He speaks expansively on the subjects of character, desti...
Wall Street rebounds as technology, industrial stocks rise
Reuters - 12 Jul 2018 16:27
Technology and industrial stocks led Wall Street higher on Thursday as some big deals and optimism about the earnings season helped offset fears about a U.S-China trade war.
Rising fuel costs help drive inflation to highest rate in six years
L.A. Times - 12 Jul 2018 16:25Five Things Small Business Owners Should Prepare to Ensure Funding Success
Forbes - 12 Jul 2018 14:40
SBA loans are a good source of capital for startups and companies with little credit history or less than stellar credit ratings.
Asia Markets: Asian markets, led by China, bounce back strongly
Market Watch - 12 Jul 2018 05:18
A day after Asian stocks sank after the Trump administration announced $200 billion in new tariffs against Chinese goods, markets strongly rebounded in early trading Thursday, with investors apparently gaining optimism f...
Hedge fund billionaire Paul Singer takes over AC Milan
New York Post - 12 Jul 2018 04:53
Hedge fund billionaire -- and passionate soccer fan -- Paul Singer is the new owner of AC Milan -- one of the most storied franchises in soccer. Singer's Elliott Management gained control of the 119-year-old team after A...