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Business News

Location American Business News for 12 October 2018

The business behind Michelin stars

BBC - 13 Oct 2018 00:55
The business behind Michelin stars The unseen financial influence of the "Oscars of the restaurant industry".
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TCS's return to double-digit growth is old hat, but also commendable TCS has grown about 20% in size compared to about two years ago, when it had last grown in double digits
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Hugh Hefner's black silk pajamas and red smoking jacket, the trademark attire for his Playboy mansion parties, are among a robust lot of ephemera and memorabilia from the late publisher to go up for auction next month.
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How Netflix Expanded to 190 Countries in 7 Years

Harvard Business Review - 12 Oct 2018 16:05
The majority of its revenue now comes from outside the U.S.
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Can Indian Ocean region power global growth?

livemint.com - 12 Oct 2018 03:18
Can Indian Ocean region power global growth? Sri Lanka-based Lakshman Kadirgamar Institute of International Relations and Strategic Studies analysed the region's economies to show how they could become an engine for global economic growth in a new research paper
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International Business Machines Corp.'s artificial intelligence product Watson appears to be losing ground to competitors and investors will likely focus on how that's affecting the tech giant's cognitive-solutions busin...
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As Wall Street steadied on Friday after its worst two-day slide in eight months, the U.S. stock market remained fragile, with nearly three quarters of the S&P 500's components in correction territory, or worse.
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Helping Health Care Workers Avoid Burnout

Harvard Business Review - 12 Oct 2018 21:00
Help them find meaning, and give them room to decompress.
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An uncertain start for some Asian stock markets following Thursday's drubbing evolved into broad gains Friday as trading progressed -- with the notable exceptions of Japan and China. Still, the region will post big weekl...
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Rescue plan for Patisserie Valerie

BBC - 12 Oct 2018 19:14
Rescue plan for Patisserie Valerie Entrepreneur Luke Johnson, who owns 37% of the firm, has offered up to £20m in the form of loans.
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The Republican candidate for governor is angrily denouncing suggestions that he mistreated an employee when he fired her after she gave birth. The Maine GOP called a New York Times …
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Tech stocks push Wall Street to rebound after two-day slide Wall Street climbed more than 1 percent on Friday following its worst two-day slide in eight months, with technology and other high-growth stocks leading a fight back. Ten of the 11 major S&P sectors were higher, led by ...
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What is the stock market doing today? Dow opens sharply higher Stocks opened higher following a two-day rout that shattered a period of calm on market. The Dow Jones Industrial Average rose more than 350 points.        
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Walmart Shoppers Will Get Cash Access From PayPal Accounts

Retail Touch Points - 12 Oct 2018 18:41
Walmart Shoppers Will Get Cash Access From PayPal Accounts For the first time, PayPal is letting shoppers get cash from their accounts in a brick-and-mortar store. The payments company will start offering deposit and withdrawal services at Walmart stores. The partnership will al...
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Citigroup Inc reported a better-than-expected quarterly profit on Friday, helped by lower expenses, higher bond trading revenue and strength in its consumer banking business in Mexico.
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Wall Street climbed more than 1 percent on Friday following its worst two-day slide in eight months, with technology and other high-growth stocks leading a fight back.
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How Netflix Expanded to 190 Countries in 8 Years

Harvard Business Review - 12 Oct 2018 16:05
The majority of its revenue now comes from outside the U.S.
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Cisco Systems is vulnerable for a further loss of 11% Cisco Systems, Inc (NASDAQ: CSCO) is already down by 11% from its recent peak. Elliott Wave analysis of this stock suggests that it could go down by another 11% or more. The trigger will be a close below $45 this week.
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WeWork sued over sexual assaults, 'frat-boy culture'

New York Post - 12 Oct 2018 05:42
WeWork sued over sexual assaults, 'frat-boy culture' The "frat-boy culture" at the $20 billion shared-office-space company "WeWork" breeds drunken sexual misconduct, according to a former employee who's suing over multiple alleged attacks. Ruby Anaya, 33, was "director of ...
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The Sprawling Piano Odyssey of Igor Levit's "Life"

The New Yorker - 12 Oct 2018 20:00
The Sprawling Piano Odyssey of Igor Levit's Alex Ross reviews Igor Levit's "Life," a two-CD album by the formidable piano virtuoso.
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Endless tees off with American Golf deal

Sky News - 12 Oct 2018 19:15
Endless tees off with American Golf deal The turnaround investor Endless has beaten the Sports Direct tycoon Mike Ashley to the clubhouse by sealing a cut-price takeover of American Golf, the UK’s biggest specialist golf retailer.
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U.S. Treasury Secretary Steven Mnuchin said on Friday that he told China's central bank chief that currency issues need to be part of any further U.S.-China trade talks and expressed his concerns about the yuan's recent ...
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