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Business News

Location American Business News for 20 July 2018
Papa John's now facing 'bro' culture scandal as nightmare continues The John Schnatter stink will be harder to clean up at Papa John's than first expected. The chief executive and a second high-ranking executive at the pizza chain -- pals of Schnatter whom he installed in key positions -...
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Elon Musk's bizarre tweets are raising red flags on Wall Street Tesla's Elon Musk has been tweeting as if he's as high as one of his SpaceX rockets. Wall Street analysts, regulators and the media have all been recent victims of the eccentric billionaire. But his calling a member of t...
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Admirers of Neil Armstrong and space exploration have a chance to own artifacts and mementos that belonged to the modest man who became a global hero by becoming the first …
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Losing Streak Emerges As NYC, Hired Guns Lose Climate Change Case Against Big Oil Federal judges continue to reject the efforts of private lawyers who hold a financial stake in lawsuits brought by government officials against the oil industry over the alleged effects of climate change.
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Tesla stock downgraded amid Model 3 order cancellations If Elon Musk's outbursts suggest a distracted if not disturbed man, an analyst's report on Thursday seems likely to leave the Tesla CEO unhinged. The ratings downgrade by Needham's Rajvindra Gill cut 3 percent off Tesla'...
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John Paulson pushes to overhaul gold mining firm's board Hedge fund billionaire John Paulson is stepping up his campaign against Canadian gold-miner Detour Gold. Paulson & Co. is pushing for an overhaul of Detour's board and plans to call for a special shareholder meeting to b...
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Lay's to release lobster roll chips and other outlandish flavors Some of the most outlandish potato chip flavors are about to hit store shelves -- including Deep Dish Pizza, Fried Pickles With Ranch, and New England Lobster Roll. The new flavor lineup, from Lay's, will hit retail July...
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Oil prices look poised to weaken -- but the market is still vulnerable to shocks Andrew Burton/Getty There have been mounting oil supply concerns over recent months. But now Saudi Arabia is promising record production and the US is mulling an SPR release. Still, the oil market remains vulnerable to s...
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How Trump's Tariffs Tripped Up Alcoa

The New York Times - 20 Jul 2018 02:00
How Trump's Tariffs Tripped Up Alcoa The aluminum producer's shares plunged 13 percent after it detailed how the trade war was disrupting its business.
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Why regional bank CEOs are lukewarm on more M&A

American Banker - 20 Jul 2018 01:08
While the regulatory environment is more accommodating for big deals, many regionals still have their reasons for staying on the sidelines.
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Wall Street Rushes Into a New Asset Class

Barron's - 20 Jul 2018 23:53
Wall Street Rushes Into a New Asset Class Hedge funds, private equity firms, and asset managers have flocked to the market for loans for small and midsize companies. Investors need to be wary.
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Autoliv and Delphi: A Tale of Two Spinoffs

Barron's - 20 Jul 2018 22:07
Autoliv and Delphi: A Tale of Two Spinoffs Robocars are a hot investment theme, but companies that supply traditional auto components are priced for better returns.
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Facebook suspends Boston analytics firm over data usage Facebook said Friday it has suspended Boston-based analytics firm Crimson Hexagon while it investigates how it collects and shares Facebook and Instagram's user data. Facebook has been facing increased scrutiny over how ...
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St. Louis Fed President James Bullard said Friday that the central bank would be swayed by President Trump's public criticism of monetary policy.
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The Texas unemployment rate improved to 4 percent during June to mirror the nationwide jobless figure. The Texas Workforce Commission on Friday announced last month's statewide jobless figure compares to …
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Investors with advisers are even more likely to do research on their own
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General Electric Co reported a smaller-than-expected drop in profit on Friday, but cut a key financial target, raising questions about its outlook for the year and sending shares sharply lower.
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Google, Facebook, Microsoft, and Twitter are making it easier to transfer your data between their websites Drew Angerer/Getty Images Google, Facebook, Microsoft, and Twitter are collaborating on an open-source project that will make it easier to transfer your data between websites. Files like contacts, photos, mail, calendars...
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US probes complaints that some Ford Escapes overheat, stall Federal safety investigators are looking into complaints that engines on some Ford Escape vehicles can overheat and suddenly stall while being driven
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It's the E.U. vs the U.S. and Google is in the middle President Donald Trump and the European Union, who don't agree on much, have a new dispute: How to handle the enormous power of modern tech companies.
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Trump ups tariff threat and slams the Fed and big trading partners President Trump has indicated that he's willing to hit every product imported from China with tariffs and again criticized the Federal Reserve, as well as some of the United States' biggest trading partners. The comments...
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Stocks wobble, dollar slips as traders shrug off trade talk US stocks are drifting between small gains and losses as traders shrug off the latest trade threats from President Donald Trump
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