Business News
Oil prices rise 1 percent ahead of U.S. sanctions against Iran
Reuters - 27 Sep 2018 03:53
Oil prices rose by 1 percent on Thursday as investors focused on the prospect of tighter markets due to U.S. sanctions against major crude exporter Iran, which are set to be implemented in November.
Stores and credit-card companies are in an all-out war over fees
Business Insider - 27 Sep 2018 16:39
AP/Luis Hidalgo Retailers are hoping to quash the "honor all cards" rule that requiresretailers to accept all of a network's credit cards if they accept any as a form of payment, the Wall Street Journal reported. The rul...
The annoying habits of highly effective people
The Economist - 27 Sep 2018 16:51
ONE of the time-honoured tropes of writing on business is the detailed description of the life of a corporate titan. Readers are expected to marvel at the stamina of Tim Cook, for example. Apple's chief executive rises a...
Mika Brzezinski says she had to ask her boss 'five times' to get a raise
Market Watch - 27 Sep 2018 16:49
'You don't have to be completely agreeable at all times, but you need to be respected.'
Asia Markets: Trump's U.N. digs at China prove immediately costly for Asia stocks
Market Watch - 27 Sep 2018 04:49
Tensions between the U.S. and China grew more strained Wednesday when President Trump accused Beijing of trying to interfere in the U.S. midterm elections and of attempting to damage him politically.
How the Fed's rate hikes could put economy in the hole
New York Post - 27 Sep 2018 04:31
The Federal Reserve raised its key interest rate on Wednesday, just as it has done seven other times since late 2015. It was just as everyone expected. In doing so, the Fed repeated a lot of what it has said before about...
The Tiny Bank At The Heart Of Europe's Largest Money Laundering Scandal
Forbes - 27 Sep 2018 03:22
For eight years, the Estonian branch of a Danish bank ran a massive money laundering scheme. How did it get away with this for so long - and why does a report into the scandal exonerate the Danish bank's management?
The hi-tech trousers inspired by Wallace and Gromit
BBC - 27 Sep 2018 01:45
Researchers inspired by a Wallace and Gromit film have developed trousers with artificial muscles.
How AI helped double volume at this auto lender
American Banker - 27 Sep 2018 17:19
The subprime auto lender Prestige Financial Services used machine learning to make more effective lending decisions than its former model.
Unions accuse IKEA of undermining workers' rights in three markets
Reuters - 27 Sep 2018 17:04
Unions accused furniture retailer IKEA on Thursday of undermining workers' rights in the United States, Ireland and Portugal, and asked the Dutch government to mediate.
Transgender Nike contractor says company ignored harassment
Miami Herald - 27 Sep 2018 16:53
A transgender software engineer who worked as a Nike contractor says in a recently filed complaint with state labor officials that the company did nothing to stop abuse and harassment …
Germany's Thyssenkrupp to split into 2 separate companies
Miami Herald - 27 Sep 2018 16:48
German steel company and industrial equipment maker Thyssenkrupp says it plans to split into two firms in a setup that it says will be "much more focused and efficient." Thursday's …
House bill would stop airlines from shrinking seats
New York Post - 27 Sep 2018 16:40
Great news for air travelers who have had trouble squeezing their derriere into a seat on a plane: Washington lawmakers have got your backside. With airline seat widths in coach recently shrinking to about 17 inches on s...
Investors Seem To Continue Mulling Fed Commentary After Rate Hike
Forbes - 27 Sep 2018 16:38
With the third Fed interest rate hike out of the way, investors could still have plenty to chew on as they digest commentary from monetary policy makers about the economy and future trajectory of rate hikes.
Apple, Amazon lead Wall Street higher
Reuters - 27 Sep 2018 16:36
U.S. stocks gained on Thursday, boosted by high-flying shares of Apple and Amazon, and the Federal Reserve's confidence in the strength of the economy as it raised rates for the third time this year.
Wall Street jobs in jeopardy; Marcus going international
American Banker - 27 Sep 2018 15:07
Trading floor layoffs may be ahead as revenue declines; Goldman Sachs to expand its consumer bank to the U.K.,
Compass CEO on $4 billion valuation and US real estate
CNBC - 27 Sep 2018 13:48
Compass CEO Robert Reffkin joins 'Squawk Box' to discuss the tech real estate company and the industry.
Christina Hamlin: Shaping marketing strategy at Citizens Bank
American Banker - 27 Sep 2018 05:08
Hamlin caught the attention of the bank's senior leaders when she oversaw the successful launch of a checking product. Now she sits at the center of every major marketing initiative.
Citizens Bank mines big data to drive loan, deposit growth
American Banker - 27 Sep 2018 05:08
At Beth Johnson's insistence, the bank built an analytics platform that can anticipate customers' needs. It's an investment that is paying off in big ways.
Consumer group calls for CFPB fair lending official's ouster
American Banker - 27 Sep 2018 05:08
A liberal advocacy group says a Trump political appointee at the CFPB must resign after the Washington Post reported the official once called most hate crimes hoaxes.
Tencent & Alibaba chase remittances in battle for Southeast Asia
Reuters - 27 Sep 2018 04:51
For Chinese tech giants Alibaba and Tencent, Southeast Asian domestic helpers in Hong Kong may prove key to their global ambitions in financial services.
Via arms and trade, Russia plots long-term Syrian future
ABC News - 27 Sep 2018 04:36
Russia is selling weapons and reviving trade with Syria as it looks toward a post-war future