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Business News

LocationAmerican Business News for 10 Oct 2018

How Zelle, banks combat real-time payment fraud

American Banker - 10 Oct 2018 19:08
For bankers and network providers, it's a given that moving to a real-time payment system like Zelle will lead to an increase in fraud attempts. Here's a look at the ways they're fighting back.
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Why Leaders Need to Cultivate Complementary Strengths

Harvard Business Review - 10 Oct 2018 19:00
They can help sand down your rough edges.
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How Capitec Became South Africa's Biggest Bank

Harvard Business Review - 10 Oct 2018 18:00
Strategy lessons from a sector where innovation is rare.
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Loeb's hedge fund grows stake in Campbell Soup

New York Post - 10 Oct 2018 04:11
Loeb's hedge fund grows stakeDan Loeb ladled more shares of Campbell Soup into his portfolio as his hedge fund's battle with the soupmaker heats up. Loeb's Third Point now has a 7 percent stake in the Camden, NJ-based company --... up from 5.7 percent, according to regulatory filings released Tuesday. The hedgie, who initiated this buying spree on Sept....
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Frederic Fekkai closesFrederic Fekkai is quietly closing the doors of its flagship hair salon on Fifth Avenue, The Post has learned. And some 60 stylists who work at the Midtown location will lose their jobs, according to... a government filing. It's all because the posh beauty shop is a fourth-floor subtenant of Henri Bendel, the 123-year-old luxury...
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New York Fed President John Williams reiterated in a speech Tuesday that a bright economic outlook calls for more central bank interest-rate increases.
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Lyft hires Obama'sAnthony Foxx, who was U.S. Transportation secretary under then-President Obama, is joining Lyft Inc. to help the ride-hailing company navigate new regulatory roadblocks nationwide. On Tuesday, Lyft... named Foxx as chief policy officer and advisor to its founders. Foxx served under Obama throughout...
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Exxon Mobil Corp., once a powerful skeptic of global warming, will now be among the first oil companies to put money into the fight to make climate change a political priority in Washington.
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Stocks end mixed as interestU.S. stock indexes ended Tuesday nearly where they began, as interest rates let off the accelerator following their sharp rise last week. But the modest moves for indexes masked some roiling... underneath. Raw-material producers plunged on worries that inflation and weaker demand are eating into their...
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British vacuum-cleaner maker Dyson is making a second push into the high-end beauty market with a $500 hair styling tool that it has engineered to create curls, waves and smooth blow dries without... extreme heat.
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William Ackman said on Tuesday his activist hedge fund Pershing Square Capital Management LP has built a roughly $900 million position in Starbucks Corp , betting the world's biggest coffee chain can... overcome stagnant sales in its home market.
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Snapchat shares tank 6 percentSnap shares tumbled more than 6 percent to an all-time low Tuesday after a Wall Street analyst said the Snapchat parent was in danger of running out of cash by 2020. Last week, the Venice,... Calif.-based Snapchat owner's 27-year-old chief executive, Evan Spiegel, told employees in a 15-page memo that the company is gunning for...
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European Union nations, voicing concern over a U.N. report on global warming, agreed on Tuesday to seek a 35 percent cut in car emissions by 2030, as Germany warned that overly challenging targets... risked harming industry and jobs.
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Some Definite "Maybe" s on Your Wedding-Invite List

The New Yorker - 10 Oct 2018 21:53
Jesse McLaren and Jason Adam Katzenstein imagine a humorous illustrated list of people you may not invite to your wedding.
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Hearst Magazines AnnouncesMonths after Troy Young was named president of Hearst Magazines, the company announced a series of sweeping leadership changes across brands today. "Our magazines will always play an integral role,... and we are fully committed to them. The complementary strengths of our offerings are what gives us our unique position in today's highly competitive media...
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Think of it as the crypto equivalent of the "get off my lawn" meme.
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Sears Could File forThe company is in talks for financing that would fund operations
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PTC inks $1.8 billion powerThe power purchase agreements were signed between PTC and the Bangladesh Power Development Board on 9th October
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U.S. stock indexes dived around 1 percent on Wednesday as worries over China and the impact of rising Treasury yields on global growth drove falls in luxury goods companies and chipmakers.
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Even If Trump's Tariffs AreTrade policy is not a popular or well-understood topic among Americans. It's even less so among younger Americans.
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A woman from Azerbaijan who spent 16 million pounds ($21 million) on jewelry, wine and other goods at luxury London department store Harrods over the course of a decade has …
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US stock indexes sink sharplyU.S. stock indexes fell in early trading Wednesday as interest rates nudged higher yet
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Walmart To Launch ShoppableWalmart will pair shoppable ads with original content on Vudu, the retail giant's streaming video arm, through a partnership with MGM, according to Variety. The ads will launch later in 2018, while... the first MGM-produced content is expected to debut in Q1 2019. The interactive ads will run on Movies On Us, Vudu's free streaming service, which already offers advertisers the ability to target ads based on metrics including shopping history. Initially the ads will come in two varieties: Send more information, which lets viewers request more information about advertisers via email; and Add to cart, which will feature a button that adds the advertiser's product to a checkout basket on Walmart.com. Walmart plans to also add a shop-from-the-TV feature to Vudu in the future, but first wants to...
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Waffle House never closes. ButWaffle House – 'the restaurant that never closes' during natural disasters – closed a Panama City Beach location ahead of Hurricane Michael.        
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Google will begin offering its pay-to-carpool service throughout the U.S., an effort to reduce the commute-time congestion that its popular Waze navigation app is designed to avoid. The expansion... announced …
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