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Business News

Location American Business News for 28 September 2018
(Reuters) — The U.S. Securities and Exchange Commission on Thursday accused Tesla Chief Executive Elon Musk of fraud and sought to remove him from his role in charge of the electric car company, saying he made a series...
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The good news in Garden Reach Shipbuilders IPO under-subscription Taking refuge in the company's strong order book and prospects, the government sought to force through Garden Reach's share sale process. But with the bitter experience of HAL still fresh, investors ignored the defence s...
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Lowe's new CEO plans to 'replicate Home Depot playbook' If you can't beat ' em, copy 'em. Marvin Ellison, the new chief executive at Lowe's, says his plan to fix the floundering home-improvement chain includes a few tricks he learned from his days as an executive at Home Depo...
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5 Reasons To Take Your Tesla Profits Now

Forbes - 28 Sep 2018 14:25
5 Reasons To Take Your Tesla Profits Now Jim Chanos made his name as an outspoken short seller of Enron stock. Will Tesla be another big win? With SEC suing Musk, odds are moving in his favor.
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Fraudsters bilked 75K investors with get-rich-quick videos: SEC Federal securities regulators accused a group of online marketers of circulating get-rich-quick videos to commit a "massive fraud" that bilked 75,000 investors out of tens of millions of dollars. Ten individuals across t...
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Fannie Mae and Freddie Mac issued new capital requirements for private mortgage insurers that will create big swings in carriers' asset reserves.
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Times Square's Opry City Stage is shutting down

New York Post - 28 Sep 2018 02:21
Times Square's Opry City Stage is shutting down The latest attempt to turn New Yorkers into country music fans has hit a sour note. On Thursday, after just nine months in operation, Times Square's Opry City Stage is calling it quits. The 99 employees who worked at the...
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Emerging Markets Calm, but Caution Persists

Barron's - 28 Sep 2018 22:42
Emerging Markets Calm, but Caution Persists After the summer selloff, investors continue to be wary. There are upbeat signs in Turkey, but China's a big question.
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The German government is on track to find a solution for tackling pollution from diesel vehicles but there is no agreement yet, a government source said after Chancellor Angela Merkel chaired a meeting on Friday in Berli...
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EU antitrust regulators will decide by Nov. 6 whether to allow Japanese drugmaker Takeda Pharmaceutical's $62-billion takeover of London-listed Shire Plc , the European Commission said on Friday.
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Bank of America is placing trading restrictions on penny stocks as part of a policy change aimed at shielding clients from risky assets, the Wall Street bank said on Friday.
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Gig economy: Here's how much you can make delivering for Grubhub, Uber Eats and DoorDash There are plenty of ways to make money beyond driving for Uber or Lyft.We take a look at some of the top food delivery apps to see what you can make.        
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Divorce wiped me out financially. Here's how I bounced back. A young son, a underwater mortgage and divorce. How one woman fixed her finances.        
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We tested popular coffee brands—and this is the best one Get the jump on java        
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The U.S. listed equity options market is set for a record volume in 2018 due mainly to a resurgence in stock market gyrations after a couple of unusually quiet years, data from derivatives clearing organization OCC showe...
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Why regulators need to take another look at bank capital

American Banker - 28 Sep 2018 17:08
The banking agencies are right to review capital requirements for banks of all sizes to ensure the rules are efficient and clear.
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U.S. stocks reversed losses to trade slightly higher on Friday morning, helped by gains in energy and healthcare companies.
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In Argentina, If The IMF Fails, Cristina Kirchner Wins Investors believe in Macri and his IMF agreement. Locals, meanwhile, are a combination of frustrated and furious.
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September may have not had a smooth start for Asian stocks but it is looking like it will end well. Broad gains are being seen across the region Friday, with Japan's Nikkei leading the way with a 1.6% gain.
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October is choppier for stocks than other months.
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Elon Musk, the chief executive of Tesla, is finally paying for his irreverent, immature and reckless behavior as the head of a publicly traded company and the board needs to put him on leave.
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Blue Origin, the space company founded by Amazon.com Inc Chief Executive Officer Jeff Bezos, has won a contract to supply engines for United Launch Alliance's massive Vulcan rocket, the companies said on Thursday.
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