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Business News

Location American Business News for 10 October 2018

How Zelle, banks combat real-time payment fraud

American Banker - 10 Oct 2018 21:08
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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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...
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Some Definite "Maybe" s on Your Wedding-Invite List

The New Yorker - 10 Oct 2018 23:53
Jesse McLaren and Jason Adam Katzenstein imagine a humorous illustrated list of people you may not invite to your wedding.
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How Capitec Became South Africa's Biggest Bank

Harvard Business Review - 10 Oct 2018 20:00
Strategy lessons from a sector where innovation is rare.
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Walmart To Launch Shoppable Ads On Its Free Streaming Service

Retail Touch Points - 10 Oct 2018 18:45
Walmart To Launch Shoppable Ads On Its Free Streaming Service Walmart 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...
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Loeb's hedge fund grows stake in Campbell Soup

New York Post - 10 Oct 2018 06:11
Loeb's hedge fund grows stake in Campbell Soup Dan 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,...
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Frederic Fekkai closes flagship hair salon on Fifth Ave Frederic 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....
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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's Transportation secretary as it leans toward a 2019 IPO Anthony 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 po...
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Stocks end mixed as interest rates take a pause

L.A. Times - 10 Oct 2018 03:30
Stocks end mixed as interest rates take a pause U.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 prod...
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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 sa...
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Snapchat shares tank 6 percent after 'woeful' analyst comment Snap 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 2...
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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 for Bankruptcy As Soon As This Weekend The company is in talks for financing that would fund operations
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Tech, luxury goods lead Wall Street slide

Reuters - 10 Oct 2018 18:49
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 Are Effective, There's One Reason They Won't Work Trade 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 sharply as rates resume their climb U.S. stock indexes fell in early trading Wednesday as interest rates nudged higher yet
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Waffle House never closes. But ahead of Hurricane Michael, this one in Florida did Waffle 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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PTC inks $1.8 billion power supply deal with Bangladesh The power purchase agreements were signed between PTC and the Bangladesh Power Development Board on 9th October
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