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Business News

Location American Business News for 7 August 2018

What FHFA scandals mean for agency's future, GSE reform

American Banker - 8 Aug 2018 00:08
The biggest impact may be to focus the administration's efforts on selecting a nominee to succeed Director Mel Watt, whose term ends in January.
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New details about Walt Disney Co.'s upcoming streaming-video service have been revealed, including the whopping price tag for a live-action "Star Wars" series.
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College grads can't find work despite strong jobs report The job market is doing great. That's what we found out again last Friday in the monthly employment report. So why does it look as if college graduates aren't benefiting from that trend? Some of the raw data from last Fr...
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Sotheby's stock hammered after disappointing second quarter Sotheby's stock was hammered Monday after the auction house blamed thinner margins on a 24 percent decline in second-quarter earnings. Intense competition for high-profile works like Modigliani's "Reclining Nude" and Pic...
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Weight Watchers loses 5 percent as new sign-ups drop

New York Post - 7 Aug 2018 06:06
Weight Watchers loses 5 percent as new sign-ups drop What goes up, comes down. Shares of Weight Watchers fell nearly 5 percent, to $88, in after-hours trading after the dieting company said it didn't sign up as many new subscribers in the second quarter as it did in the fi...
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Who Will Last Longer: Trump or Iran's Theocrats?

The New Yorker - 7 Aug 2018 04:47
Robin Wright reports on President Trump's signing of an executive order to re-impose economic sanctions on Iran.
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Carl Icahn is going public with his campaign to scuttle Cigna Corp.'s $54 billion plan to buy Express Scripts Holding Co.
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Zillow buys a mortgage lender, but investors aren't impressed The real-estate pricing service hopes to appeal to real estate agents and others        
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Oklahoma bank widening reach with acquisition

American Banker - 8 Aug 2018 00:08
N.B.C. Bancshares' deal for Bank of Cushing will give it two branches an hour outside of Tulsa.
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The U.S. Navy says there's a problem with welds on missile tubes that are going into new submarines. The Naval Sea Systems Command said Tuesday the welding issue was identified …
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Robo Advisors vs. Human Financial Advisors: Why Not Both?

Business Insider - 7 Aug 2018 19:02
Robo Advisors vs. Human Financial Advisors: Why Not Both? MyPrivateBankingAfter the strong growth of the robo advisory approach in recent years, promoted by numerous start-ups worldwide as well as sizeable number of early adopting wealth managers, a new ‘sub-species’ has em...
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JetBlue is selling round-trip tickets for as little as $73 (JBLU) JetBlue JetBlue launched a two-day flash sale on Tuesday. The New York-based boutique airline is offering select one-way flights for as low as $34 from Worcester, Massachusetts, to New York. Other standout deals include ...
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Costco has a surprisingly large selection of vegan foods. Here are some of the best options. (COST) Business Insider/Jessica Tyler Costco is a surprisingly great place to shop if you're vegan. Veganism is becoming increasingly popular, with the plant-based food industry currently generating over $13 billion in annual s...
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Activist investor Carl Icahn on Tuesday urged Cigna Corp shareholders to vote against the health insurer's $52 billion purchase of Express Scripts Holding Co , citing regulatory hurdles and the growing threat of Amazon.
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Oil rallies as Iran sanctions kick in

Business Insider - 7 Aug 2018 18:43
Oil rallies as Iran sanctions kick in AP/Ronald Zak Oil prices rose more than 1% on Tuesday. US economic sanctions against Iran took effect this week. Other sanctions, including those targeting Iranian crude, will resume in November. Watch oil trade in real ...
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Open jobs outnumber US unemployed for 3rd straight month Open jobs outnumber US unemployed for 3rd straight month; hiring, quits decline
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Abercrombie just made a big move to kill cash and appeal to millennials (ANF) Abercrombie Abercrombie & Fitch has launched a new feature that allows shoppers to purchase items on the retailer's app using their Venmo account. The store is looking to appeal to younger shoppers who are known for goin...
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Howard Stern called out 'shark' CBS CEO Les Moonves in a revealing rant about their history Getty Images Howard Stern criticized CBS CEO Les Moonves on his Monday Sirius XM radio show for at least 45 minutes. Stern called Moonves, who was accused by six women of sexual misconduct in a New Yorker report last mon...
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Stocks keep climbing, led by tech companies

L.A. Times - 7 Aug 2018 18:25
Stocks keep climbing, led by tech companies U.S. stocks are rising again Tuesday as strong company earnings lift the market. The benchmark Standard & Poor's 500 index is up for the fourth day in a row and fifth day out of the last six. Technology companies and ban...
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Why the World Needs Doctors with These 3 Qualities

Harvard Business Review - 7 Aug 2018 18:00
Compassion is one of them.
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The company's shares fell 3.4 percent to $26 in premarket trading.
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American Airlines has announced plans to offer service between the Cheyenne airport and the Dallas-Fort Worth International Airport. The Wyoming Tribune Eagle reports SkyWest Airlines will offer one flight daily …
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