Business News
Walmart's Latest Initiative To Fend Off Amazon Is A Total Gas
Forbes - 17 Jul 2018 04:42
Walmart recently announced that it is expanding its push into the convenience store business. Forbes contributor and former Vice President of Target's Store of the Future, Chris Walton, explains why this move is a no-ris...
The CEO of the $8 billion company that escaped Dell's grasp says that Michael Dell is 'cheering us on' (VMW)
Business Insider - 17 Jul 2018 01:48
On Monday, VMware CEO Pat Gelsinger made his first public appearance since Dell announced that it wouldn't be reverse-merging with the company after all. He can't help but smile when asked about how VMware wiggled out of...
Japan, EU to sign widespread trade deal eliminating tariffs
Miami Herald - 17 Jul 2018 05:20
The European Union and Japan are signing a widespread trade deal Tuesday that will eliminate nearly all tariffs, seemingly defying the worries about trade tensions set off by President Donald …
Weinstein Company officially sold to private equity firm
New York Post - 17 Jul 2018 04:28
The Weinstein Company's tortured path from indie darling to industry pariah ended Monday with the bankrupt studio's takeover by a private equity firm. Lantern Capital, which surfaced in May as the only qualified bidder f...
Ford to spend up to $299 million to settle Takata air bag lawsuits
L.A. Times - 17 Jul 2018 04:10IBM seeks $167 million from Groupon in dispute over early internet patents
Reuters - 17 Jul 2018 03:33
International Business Machines Corp on Monday asked a U.S. jury to award it $167 million in a lawsuit accusing e-commerce marketplace operator Groupon Inc of using patented technology without authorization.
This billionaire investor's 27-year-old book is now selling for $3,000
USA Today - 17 Jul 2018 03:17
"Margin of Safety" is the title of an old investing book, first published in 1991 and out of print for years, that's making a comeback.
How Walmart is betting on faster delivery to compete with Amazon
USA Today - 17 Jul 2018 03:03
Walmart’s CEO weighs in at Fortune’s 2018 Brainstorm Tech conference.
Volkswagen scandal: Time running out for diesel car owners to cash in on $10B deal
USA Today - 17 Jul 2018 02:00
Owners of Volkswagen and Audi diesel cars rigged with software that causes them to pollute have less than two months left to request compensation as part of a sweeping settlement.
Behind the rebirth of Charlotte's banking market
American Banker - 17 Jul 2018 21:08
The North Carolina city lost all its locally owned banks, but a fintech push and more favorable economics for de novos could lead to an entry-level resurgence.
Dollar holds gains after Fed chair remarks, stocks edge higher
Reuters - 17 Jul 2018 17:10
The U.S. dollar held gains on Tuesday against a basket of major currencies following an upbeat economic assessment from the head of the U.S. Federal Reserve, while world stocks edged higher, with Wall Street erasing earl...
El Paso Mexican Grill must pay $654,000 in back wages
Miami Herald - 17 Jul 2018 17:09
A chain of Mexican restaurants has been ordered to pay $654,000 in back wages to employees in Louisiana and Florida. The U.S. Department of Labor said in a news release …
Booking Holdings enters 'strategic partnership' with Didi Chuxing, invests $500 million
Venture Beat - 17 Jul 2018 17:08
Didi Chuxing, one of China's largest ridesharing companies, announced a strategic partnership with Bookings Holdings (formerly Priceline), the parent company of Booking.com, that'll see the two companies share resources ...
Russia's Novak says gas talks to continue with Ukraine and EU
Reuters - 17 Jul 2018 17:07
Russian Energy Minister Alexander Novak said on Tuesday that three-way talks with Ukraine and the European Union would continue in the autumn, after he met representatives from Kiev and the European Commission in Berlin.
Millions in UK face water restrictions amid hot, dry weather
Miami Herald - 17 Jul 2018 16:55
Millions of people in northern England are facing a ban on using garden hoses or sprinklers amid one of the longest spells of hot, dry weather in years. The United …
Trade war puts the hoof into U.S. pig part exports to China
Reuters - 17 Jul 2018 16:55
Before the U.S.-China trade war, American pig processors exported nine out of every 10 pigs' feet and heads they shipped overseas to China and Hong Kong - for prices higher than they would fetch anywhere else.
McDonald's employees share their 8 best tips for customers
Business Insider - 17 Jul 2018 16:55
napocska/Shutterstock McDonald'srestaurant crew members know all about how you can save time and money at the fast food chain. Business Insider recently spoke with several current and former McDonald'semployees. They pro...
Why Snapchat Matters to the Future of Augmented Reality
AdWeek - 17 Jul 2018 16:50
It certainly has not been an easy year for Snap Inc. and Snapchat. Snap's stock has taken a beating since going public in March 2017. The company lost $1.3 billion in market value in February when Kylie Jenner tweeted ab...
4 blue states sue Washington over GOP tax overhaul
Miami Herald - 17 Jul 2018 16:47
New York, New Jersey, Connecticut and Maryland are suing the federal government over the Republican-led tax overhaul. The lawsuit was filed Tuesday in the Southern District of New York. The …
Liquor Wholesaler Lists $35M Penthouse On Ocean In Florida's Bal Harbour
Forbes - 17 Jul 2018 16:45
Chris Carlos, a partner at Republic National Distributing Co., one of the largest U.S. liquor wholesalers, spent $25 million last year on a penthouse condominium near Miami Beach, Florida. After $6 million of renovations...
Designer Shoe Trading Club Takes First Steps
Retail Touch Points - 17 Jul 2018 16:43
Luxury Shoe Club, a membership club designed for buying and selling pre-owned designer shoes via an iPhone app, kicked off operations July 17. The app uses an algorithm to assign a fair market dollar value to each pair, ...
How billionaire entrepreneur Ted Leonsis amassed his most important asset – his network
USA Today - 17 Jul 2018 16:42
The owner of Washington's Capitals, Wizards and Mystics came from working-class roots. Today he controls billions in assets.