Business News
Inside USAA's redesign of its digital offerings
American Banker - 2 Aug 2018 19:08
Chief Design Officer Meriah Garrett provides a look at the bank's efforts to make mobile app and website design more user-friendly.
Apple says it has paid two-thirds of $15 billion Irish tax bill
Reuters - 2 Aug 2018 17:06
IPhone maker Apple has to date paid two-thirds of the 13 billion euros ($15.1 billion) which EU antitrust regulators said it owes Ireland in back taxes, the company said in a regulatory filing late on Wednesday.
Trump's overture to emerging Asia drowned out by trade war
Reuters - 2 Aug 2018 05:24
When the U.S. Secretary of State flies into Southeast Asia this week with a new investment pitch for the region, the response could be: thanks a million, but please stop threatening a trade war with China that will make ...
Papa John's orders stores to purge all reminders of founder
New York Post - 2 Aug 2018 05:00
Cue the Papa John vanishing act. Papa John's, the embattled 5,212-unit pizza chain, has sent precise instructions to its store owners on how to remove every last image and signature of founder John Schnatter from its loc...
CBS Corp. board names law firms to conduct investigation into allegations against CEO Les Moonves
CBSNews - 2 Aug 2018 04:41
Moonves will have no role in the investigation and is "entirely recused" from it, the statement from the board said
Congratulations to Apple as it nears $1 trillion valuation
New York Post - 2 Aug 2018 04:24
I've told this story before, but I will do it again since Apple is striving this week to become the first company in history worth $1 trillion. Back in the late 1970s, I was a writer and editor on a prestigious electroni...
The secret fortune of Jeff Bezos' parents
New York Post - 2 Aug 2018 03:44
To have supportive parents is a great advantage in life, but so is having insanely successful children. Most parents spend their weekends driving their kids to various sporting events and maybe one day chip in for their ...
Warren Buffett likely made more than $2.6 billion today, thanks to soaring Apple shares
Market Watch - 2 Aug 2018 02:05
Count Warren Buffett as one of the Apple Inc. investors cheering Wednesday as the tech giant's shares jumped almost 6%, a day after posting a positive earnings report and outlook.
Tesla will tap local debt to fund $2 billion Shanghai Gigafactory: Musk
Reuters - 2 Aug 2018 01:24
Tesla Inc said on Wednesday that it would raise capital from Asian debt markets to fund the construction of its third "Gigafactory," which will be located in Shanghai and cost an approximate $2 billion.
Instagram Stories Celebrates Its 2nd Birthday
AdWeek - 2 Aug 2018 21:35
Instagram Stories made their debut exactly two years ago today, and 400 million people now use them each day. The Facebook-owned photo- and video-sharing network said one-third of the most-viewed Instagram Stories come f...
Instant view: Apple hits $1 trillion stock market valuation
Reuters - 2 Aug 2018 19:29
Apple Inc became the first $1 trillion publicly listed U.S. company on Thursday, crowning a decade-long rise fueled by its ubiquitous iPhone that transformed it from a niche player in personal computers into a global pow...
Futures Movers: Oil turns higher, bouncing off 6-week low
Market Watch - 2 Aug 2018 17:18
Oil futures inch higher Thursday, reversing course from earlier declines as data reportedly showing a dip in stockpiles at the domestic trading hub at Cushing, Okla. help provide a boost to prices after a drop in U.S. be...
Blue Apron shares down almost 20 percent after revenue miss
Miami Herald - 2 Aug 2018 17:16
Blue Apron badly missed second-quarter revenue expectations and shares of the meal kit shipping company tumbled almost 20 percent in midday trading. The New York company posted revenue of $179.6 …
The 20 most expensive skyscrapers built in the last 30 years
Business Insider - 2 Aug 2018 17:11
Wikipedia Commons Over the last few decades, skyscrapers' heights — and thus their costs — have continued to climb. Business Insider rounded up the most expensive towersbuilt in the last 30 years, defining a skyscrap...
A Chinese media mogul is building out a nearly $300 million crypto hub in an unlikely city, and it could include a college focused completely on fintech
Business Insider - 2 Aug 2018 17:07
Google A Chinese billionaire named Bruno Wu is building out a nearly $300 million crypto innovation hub in an unlikely place — Hartford, Connecticut. Part of the plan includes a fintech college, according to documents ...
Brookstone Files For Bankruptcy Again, Will Close 101 Mall Stores
Retail Touch Points - 2 Aug 2018 17:03
Brookstonehas filed for Chapter 11 bankruptcy protection after securing approximately $30 million in post-petition financing, according to numerous published reports. As part of a planned restructuring, Brookstone will s...
United adds Israel route from its Washington Dulles hub
USA Today - 2 Aug 2018 16:58
Route will give United a third non-stop link to Tel Aviv. Airline already flies to the Israeli city from its hubs at Newark Liberty and San Francisco.
Trump administration wants to freeze gas-mileage standards, reversing Obama
USA Today - 2 Aug 2018 16:56
The Trump administration made a formal proposal to freeze m.p.g. increases in cars, light trucks but is willing to revisit.
Brookstone files for bankruptcy again, to close 101 stores
New York Post - 2 Aug 2018 16:53
Brookstone, the ubiquitous seller of cool but largely unneeded things, is filing for Chapter 11 bankruptcy protection again. The specialty gift store said in a filing on Thursday that it had assets of $50 million to $100...
Tesla shares rise as investors embrace cash comments, Musk apology
Reuters - 2 Aug 2018 16:48
Shares of Tesla Inc jumped 11 percent on Thursday, after the company convinced investors that it was able to yield positive cash flow and turn a profit, and Chief Executive Officer Elon Musk apologized for past incendiar...
Papa John's founder says the pizza chain made a mistake when it removed him as its public face
Business Insider - 2 Aug 2018 16:47
AP Papa John's founder and former CEO John Schnatter said the chain made a mistake when it removed him from its marketing materials. Schnatter stepped down as chairman of the board in July, after he acknowledged using a ...
Students chat with astronaut aboard space station
Miami Herald - 2 Aug 2018 19:50
High school students in Virginia got to learn Thursday about the challenges of life in microgravity directly from an American astronaut aboard the International Space Station. During a 20-minute video …