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Business News

Location American Business News for 14 August 2018
Hedgie couple has Hamptons neighbors fuming over proposed fence SAGAPONACK, LI -- Good fences make good neighbors -- unless they're blocking a neighbor's view in the Hamptons, that is. The wife of noted hedge-fund tycoon Greg Lippmann -- the shrewd investor played by Ryan Gosling in ...
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Tax cuts have boosted corporate profits

New York Post - 14 Aug 2018 06:08
Tax cuts have boosted corporate profits There's one other thing that the tax reductions did: They raised corporate profits. The stock market was wildly overvalued coming into this year. Those extra profits that companies have been able to keep thanks to the fe...
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Walmart's size may not shield it from rising prices

Chicago Tribune - 14 Aug 2018 16:15
Walmart's size may not shield it from rising prices It's getting more expensive for retailers like Walmart to stock its shelves with household staples like diapers, paper towels and bottled water. The question now is whether that translates into more pain at the checkout ...
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Bitcoin Slips Under $6,000 As Rout Resumes -- Here Are The Horror Stories Bitcoin has given up its support above $6,000 and fallen below the waterline for the second time in 2018...
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Consumers are spending money like crazy

New York Post - 14 Aug 2018 06:06
Consumers are spending money like crazy Consumer spending is soaring -- so much so that a major trade group revised its annual forecast upwards. Thanks to the tax cuts, a tight jobs market and higher incomes, consumers are spending their hard-earned cash more ...
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Foxconn Is Feeling the Sag in Smartphone Sales. Apple? Not So Much. The world's biggest contract electronics manufacturer has recorded two straight quarters of declining profits, as smartphone sales stagnate.
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Pension scam victims 'lost £91,000 each' Regulators are launching a new campaign aimed at alerting people to the dangers posed by fraudsters.
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The regulator of the government-sponsored enterprises has substantial authority to intervene as a legislative stalemate continues.
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Traci Inglis, TechStyle

Retail Touch Points - 15 Aug 2018 00:37
Traci has had a love for all things retail since long before she started her career in it a couple of decades ago. Studying Business Marketing and Fashion Merchandising at the Ohio State University, she first cut her tee...
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New Uber Chief Security Officer Has N.S.A. Past

The New York Times - 14 Aug 2018 19:15
New Uber Chief Security Officer Has N.S.A. Past Matt Olsen, the former general council of the National Security Agency, will replace Joe Sullivan, who was fired after the disclosure of a data breach.
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Here's how cutting out alcohol can affect your skin

Business Insider - 14 Aug 2018 19:10
Here's how cutting out alcohol can affect your skin Getty/Pascal Rondeau Alcohol can have some negative impacts on your skin. It can cause puffiness and acne. After cutting out alcohol, your skin should improve over time. No matter how fun alcohol may be, it can be bad fo...
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Students who like to text and email friends during lectures should take note.
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The FBI is reportedly quietly warning banks of a potential large-scale hacking scheme that could hit their ATMs REUTERS/Noah Berger The FBI reportedly sent a confidential email to banks Friday outlining a potential ATM security threat. The scheme is known as an "ATM cash-out." Hackers use malware to access machines, lift controls ...
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Amazon.com Inc on Tuesday said it will open its first customer service center in Colombia in October and employ 600 people. The center, intended to prevent and resolve problems, will serve customers worldwide in Spanish,...
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Six Buffett-Inspired Stock Buys

Forbes - 14 Aug 2018 18:54
Six Buffett-Inspired Stock Buys Buffett's investment strategy incorporates both qualitative and quantitative tests to identify fundamentally sound companies.
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157-Year-Old Luxury Retailer Gump's Liquidates Inventory, Risks Closure Gump's, a San Francisco luxury department store founded in 1861, is holding a going-out-of-business sale, according to The Wall Street Journal. The retailer filed for bankruptcy earlier in August following a rapid declin...
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Tesla's Board Moves to Oversee Musk's Efforts to Take Company Private Three independent members of the board will have "full power and authority" to evaluate any privatization efforts proposed by Elon Musk, the chief executive.
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A former bookkeeper has been charged with stealing more than $120,000 from a Massachusetts plumbing company where she worked for 13 years. The Sentinel and Enterprise reports that Penny Soderman …
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Pennsylvania officials say a 15-year-old ex-junior firefighter who stole a county vehicle also stole a firetruck from a community fire station in York County. Northern York County Regional Police say …
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Samsung Galaxy Watch Could Make Things Easier for the Busy Entrepreneur Samsung is touting the LTE connectivity of its latest Galaxy Watch as one of its best features. Here's what else they say you'll like.
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Tesla board forms committee to evaluate buyout proposals Tesla's board named a special committee of three directors on Tuesday which will evaluate Elon Musk's proposals to take the company private, although it said it was yet to see a firm offer from the company's chief execut...
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Market Regains Some Footing As Turkish Currency Woes Ease; Home Depot Earnings Strong This morning, tensions over the Turkish currency crisis appear to be easing, and Home Depot also appeared to help boost sentiment with better-than-expected earnings.
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