Business News
Samantha Spilkin: Rare background, fresh perspective at Goldman Sachs
American Banker - 2 Oct 2018 05:08
Spilkin's education in math and programming, uncommon in investment banking, has allowed her to bring a disruptive approach to problem-solving at Goldman Sachs.
General Electic stock pops on news of CEO's exit
New York Post - 2 Oct 2018 05:22
When General Electric Chief Executive John Flannery said this summer that "everything's on the table" to revitalize the company, little did he know his job would be on the list. That became clear on Monday as the board o...
Papa John's founder admits to deals with women accusing him of sexual harassment
New York Post - 2 Oct 2018 04:24
For the first time, Papa John's founder John Schnatter admitted on Monday that he'd been party to confidentiality agreements with at least two women -- both of whom accused him of sexual harassment. The admission, which ...
September a 'tale of two hurricanes' for U.S. new car sales
Reuters - 2 Oct 2018 16:59
Major automakers on Tuesday posted a hefty drop in U.S. new vehicle sales for September, caused in part by a drop in sales in areas hit by Florence and a tough comparison to the previous September when consumers rushed t...
Asia stocks slip as NAFTA lift fades; oil near four-year highs
Reuters - 2 Oct 2018 05:06
Asian stocks fell on Tuesday as the lift from an agreement that saved the North American free trade deal faded, with cautious views on the global economy curbing risk sentiment.
Mortgage fraud putting lenders in a tough spot
CNBC - 2 Oct 2018 19:48
CNBC's Diana Olick reports that there is a rising risk of mortgage fraud.
Grover Zampa eyes ₹130 crore from Quintela, AVT, others
livemint.com - 2 Oct 2018 19:17
Grover Zampa will use the proceeds to launch new wines and redesign its wine tourism properties in Bengaluru and Nasik, even as it partners with other wineries to strengthen its portfolio
Financial Services staff director to depart for trade group
American Banker - 2 Oct 2018 19:07
Shannon McGahn will depart the House committee next week and will join the National Association of Realtors as senior vice president of government affairs.
Regulator says South Africa's Eskom can recover $2.25 billion over four years
Reuters - 2 Oct 2018 17:12
South African energy regulator NERSA on Tuesday gave power utility Eskom the go-head to recover 32.69 billion rand ($2.25 billion) of costs incurred over the past three years through higher tariffs over a four-year perio...
AP: Lawmakers buy industry fix to secure schools from gunmen
Miami Herald - 2 Oct 2018 17:04
Security companies spent years pushing schools to buy more products -- from "ballistic attack-resistant" doors to smoke cannons that spew haze from ceilings to confuse a shooter. But sales were …
The Wall Street Journal: Pentagon complains about Chinese warship as tensions grow
Market Watch - 2 Oct 2018 05:18
U.S. military officials complained Monday that a Chinese warship harassed a U.S. Navy vessel as it sailed through the South China Sea, adding to a growing roster of disputes between the two countries in a sudden escalati...
Oil firm near four-year high as Washington's Iran sanctions loom
Reuters - 2 Oct 2018 05:07
Oil markets were firm on Tuesday, with Brent crude prices holding near four-year highs reached the previous day as markets adjust to the prospect of tighter supply once the U.S. sanctions against Iran kick in next month.
How counterfeit goods affect the trade war with China
New York Post - 2 Oct 2018 04:41
The other day I was in Chinatown in lower Manhattan and a friend of mine wanted to buy one of those knockoff Louis Vuitton pocketbooks. You don't have to walk very far before someone offers to sell you pocketbooks or wat...
The infuriating design of Pathfinder: Kingmaker shows the value of a Dungeon Master
Venture Beat - 2 Oct 2018 01:10
OPINION: Here’s the kind of game Pathfinder: Kingmaker (Owlcat Games, PC) is. It opens with a fairly linear tutorial that lasts about an hour, introducing players to mechanics, characters, and the effects of choices. I...
Startup lender Petal launches its subprime credit card
American Banker - 2 Oct 2018 17:18
The firm hopes to distinguish itself from other lenders by analyzing customer cash flow to determine the likelihood that borrowers will repay.
Indra Nooyi is leaving PepsiCo on a high note
New York Post - 2 Oct 2018 17:06
PepsiCo boss Indra Nooyi is leaving the snacks-and-soda giant on a high note, with the company posting a stronger-than-expected quarterly profit on her last day on the job. Nooyi -- a trailblazer who is among the few wom...
Tesla meets Model 3 production goals and sales targets, but shares still fall
Market Watch - 2 Oct 2018 16:57
Tesla Inc. achieved all that it set out to do in the third quarter as far as sales and production are concerned, but shares are moving lower.
Barcelona surpasses $1 billion in revenue
Miami Herald - 2 Oct 2018 16:53
According to Spanish soccer club Barcelona, it has become the first sports team in the world to surpass the $1 billion mark in revenue. The Spanish club, which presented its …
Amazon hikes minimum wage to $15 an hour for U.S. employees
CBSNews - 2 Oct 2018 16:53
Amazon said it would increase its minimum wage to $15 an hour on Nov. 1. Dave Clark, the retail giant's senior vice president for worldwide operations, joined CBSN to explain why the company decided to make the change.
Stephanie Cohen is turbocharging the idea pipeline at Goldman Sachs
American Banker - 2 Oct 2018 05:08
When Stephanie Cohen earned the chief strategy officer's job at Goldman Sachs in January, she was told she had a blank sheet of paper. Cohen responded by, among other things, launching an internal incubator for new busin...
One economic stat Trump can't crow about
New York Post - 2 Oct 2018 04:47
Today I'm going to continue to dig deeply into the government's economic data -- even if you are falling asleep. Wake up! (Sound of pan being banged.) You'll have to decide soon who you want to elect to Congress, and I'v...
The Mooch wants to help laid-off Toys 'R' Us workers
New York Post - 2 Oct 2018 04:46
The Mooch wants to play Kris Kringle. Laid-off Toys 'R' Us workers who have been trying to get the bankrupt company to pay them severance have a friend in Anthony Scaramucci -- the short-lived White House communications ...