Business News
Oil firm as Iran sanctions loom; OPEC, Russia resist calls to raise output
Reuters - 25 Sep 2018 04:29
Oil markets remained strong on Tuesday, with Brent crude near a four-year high reached the previous session.
Comcast shares slide over concerns about Sky price tag
New York Post - 25 Sep 2018 04:09
Shares of Comcast fell 6 percent on Monday, as investors feared the cable giant overpaid for UK pay-TV provider Sky. Comcast outbid rival Fox for the London-based broadcaster by $3.6 billion to win Saturday's three-round...
Oil firm as OPEC, Russia resist calls to raise output as Iran sanctions loom
Reuters - 25 Sep 2018 02:57
Oil markets opened strongly on Tuesday, with Brent crude remaining near a four-year reached the previous session.
Let's look ahead to the Fed's December meeting
New York Post - 25 Sep 2018 04:24
The Federal Reserve's policy committee is meeting Tuesday and Wednesday. But let's not talk about that. Instead, let's jump ahead to the December meeting where there is still a chance -- albeit a small one -- that intere...
Demographic shifts prompt U.S. Bancorp to rethink wealth management
American Banker - 25 Sep 2018 04:08
The mass retirement of baby boomers and the growing affluence of women are the biggest disruptive forces in the industry, says Gunjan Kedia. Here's how she's dealing with them.
Jerome Powell expected to make rare comments this week
New York Post - 25 Sep 2018 03:42
This was pointed out to me the other day. Fed chief Powell hardly ever makes comments on economic events outside of his regular official meetings. Well, there will be a press conference Wednesday after the Fed meeting, a...
Snapchat is partnering with Amazon to let users shop through their smartphone cameras
L.A. Times - 25 Sep 2018 03:25Starbucks planning layoffs, 'significant changes' to company structure
USA Today - 25 Sep 2018 02:34
The Seattle-based coffee giant is hoping an organizational shake-up will boost slumping sales.
Ernst & Young faces 2nd sexual harassment complaint
ABC News - 25 Sep 2018 01:05
Accounting firm Ernst & Young hit with second sexual harassment complaint this year
Small banks' big challenge: Growing deposits
American Banker - 25 Sep 2018 22:07
New data from the FDIC shows that banks with less than $10 billion of assets are ceding deposit share to their larger rivals. What can they do to keep pace?
Instagram’s loss is not necessarily Snapchat’s gain
Fast Company - 25 Sep 2018 17:27
Instagram’s founders are leaving, but that doesn’t mean Snapchat will suddenly become appealing for Instagram users. News broke last night that Instagram founders, Kevin Systrom and Mike Krieger, are leaving the comp...
US Chamber endorses GOP's Braun in Indiana Senate race
Miami Herald - 25 Sep 2018 17:13
One of the largest business organizations in the U.S. is endorsing Republican Mike Braun in the Indiana Senate race. The U.S. Chamber of Commerce announced Tuesday that it was backing …
Goldman trading executive Bash-Polley to depart at year-end: memo
Reuters - 25 Sep 2018 17:10
Stacy Bash-Polley, who plays a key role with clients in Goldman Sachs Group Inc's trading business, plans to retire at year-end, according to an internal memo sent on Tuesday.
California ballot proposal will seek to nix high-speed rail
Miami Herald - 25 Sep 2018 17:06
Activists seeking to repeal California's gas tax increase are proposing another ballot measure aimed at providing replacement transportation funding and nixing the state's high-speed rail project. Supporters of Propositi...
Verizon offers separation plans to thousands of management employees
Reuters - 25 Sep 2018 17:05
Verizon Communications Inc said on Tuesday it is offering voluntary separation buyout packages to thousands of management employees in the United States.
US consumer confidence rises to 18-year high in September
ABC News - 25 Sep 2018 17:01
US consumer confidence climbs to 18-year high in September on strong economy
Arby's owner to buy drive-in chain Sonic for $1.57 billion
Reuters - 25 Sep 2018 17:01
Arby's-owner Inspire Brands Inc said on Tuesday it would buy Sonic Corp for about $1.57 billion in cash, adding more than 3,600 drive-in restaurants to its portfolio that includes brands such as Buffalo Wild Wings and Ru...
Woodson, Groff among finalists for $50,000 literary prize
Miami Herald - 25 Sep 2018 16:52
A story collection by Lauren Groff and a middle grade novel by Jacqueline Woodson are among the finalists for the $50,000 Kirkus Prize. On Tuesday, the trade publication Kirkus Reviews …
Inspire Brands buys Sonic burger chain for $2.3 billion
ABC News - 25 Sep 2018 16:50
Arby's owner Inspire Brands buys Sonic burger chain for $2.3 billion
Analysts Anticipate the iShares Edge MSCI USA Value Factor ETF Will Reach $100
Forbes - 25 Sep 2018 16:48Ryanair's CEO says we'll see 'pilot-less planes' in the next 40 to 50 years
Business Insider - 25 Sep 2018 16:40
shutterstock/Evgheni Kim CEO of Ryanair, Michael O'Leary, has predicted that we'll see autonomous aircraft in the next 40 to 50 years. UBS research suggests only 17% of travellers would be willing to fly without a pilot,...