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Business News

Location American Business News for 23 July 2018

40-year old CEO bets $624,000,000 on 1 stock

USA Today - 23 Jul 2018 15:00
A little-known California company went public, and it's already made some insiders money.        
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One legendary investor is quietly scooping up shares of one under-the-radar West Coast company.        
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NY Daily News slashes newsroom staffing in half

Miami Herald - 23 Jul 2018 17:07
The New York tabloid Daily News will cut half of its newsroom staff, saying it wants to focus more on digital news. The paper was sold to tronc Inc. last …
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U.S. home sales unexpectedly fell in June, posting their third straight monthly decline as a persistent shortage of properties on the market drove house prices to a record high, likely sidelining some potential buyers.
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Trade tensions pose a risk to global growth - G20 ministers G20 ministers call for greater dialogue to reduce the risk of trade tensions hurting the world economy.
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Papa John's board OKs 'poison pill' to block founder from gaining control The boardroom battle at Papa John's got a little uglier on Sunday. The pizza chain's board, looking to further distance itself from the company's controversial founder, voted on Sunday to adopt a poison pill to keep John...
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BOC Aviation Ltd said on Monday it would buy 17 new Airbus A320NEO and A321NEO aircraft worth a combined $2.2 billion at list prices.
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Oil prices were mixed on Monday as finance ministers and central bank governors from the G20 warned that risks to global growth have increased with rising trade and geopolitical tensions among other vulnerabilities.
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Gunman who took hostages and opened fire in a Trader Joe's was feuding with his grandmother A gunman who shot his grandmother and took hostages inside a Trader Joe's on Saturday was feuding with his grandmother prior to the incident. A relative told the Associated Press that suspect Gene Evin Atkins argued with...
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Estimated U.S. Book Publisher Revenue Was North Of $26 Billion In 2017 The U.S. book publishing industry earned an estimated $26.23 billion from 2.72 billion units during 2017, according to the Association of American Publishers. It's a slight decline from 2016's $26.27 billion in net reven...
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Closing costs can bust a homebuyer's budget

Miami Herald - 23 Jul 2018 21:01
In the emotional rush that precedes buying a home -- negotiating contract details and price, beating away rival bidders, searching for the best mortgage deal -- closing costs often aren't …
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Facebook confirms huge office lease in the Loop

Chicago Tribune - 23 Jul 2018 20:25
Facebook confirms huge office lease in the Loop Facebook has added a huge office in the Loop, in a deal that could give the company room to expand to at least 2,000 employees in Chicago. The social media giant has leased 263,000 square feet in the recently completed 3...
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Loan growth, fueled by increased tourism spending, more than offset a sharp drop in fee income at the Honolulu company.
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With speed-testing data, Qualcomm is attempting to turn its leadership position into a wave of partner deals and relationships, says Ryan Shrout.
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Bed-in-a-box startup Leesa is offering up to $250 off a new mattress for Business Insider readers only The Insider Picks team writes about stuff we think you'll like. Business Insider has affiliate partnerships, so we may get a share of the revenue from your purchase. Leesa The Insider Picks team has tested and researched...
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Trump is doubling down on his claims that Amazon uses the US Postal Service as a 'delivery boy,' and it could be a major blow to countless American businesses (AMZN) Jae C. Hong/AP Images President Donald Trump doubled down on his claims that Amazon is abusing its relationship with the US Postal Service, saying the company is turning the USPS into a "delivery boy," in a tweet on Mond...
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More companies are offering 'bug bounties' for enterprising hackers.
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JPMorgan and Morgan Stanley have been picked to advise on Saudi Aramco's potential acquisition of a stake in petrochemical maker SABIC , four sources familiar with the matter said.
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U.S. stock indexes dipped on Monday, led by losses in shares of Amazon and technology companies, as investors awaited quarterly reports from a host of marquee names to gauge the impact of an escalating trade conflict bet...
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Shares of Tesla are down sharply after a report that the company asked suppliers for refunds to help it turn a profit. A memo provided to The Wall Street Journal …
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Pete Davidson deleted all his Instagram posts after clashing with fiancée Ariana Grande's fans Theo Wargo/Getty Images for Huffington Post and Alberto E. Rodriguez/Getty Images Pete Davidson's Instagram account no longer has any photos or videos. This follows the comedian reportedly slamming people who called him ...
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Orchards face being bulldozed as Heineken ends cider-apple deals Glut of fruit leads to drinks giant negotiating to buy some UK growers out of contracts Orchards in one of Britain's biggest cider-making regions face being bulldozed as drinks giant Heineken pulls the plug on apple-grow...
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