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Business News

Location American Business News for 22 October 2018
Petrol pumps shut in Delhi today; Arvind Kejriwal blames BJP The petrol pump strike in Delhi has been announced in the wake of CM Arvind Kejriwal's refusal to bring down prices of petrol and diesel in Delhi by cutting down VAT or sales tax.
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Why Big Agency Names Aren't Nearly as Relevant as They Once Were Advertising pioneers like J. Walter Thompson and Raymond Rubicam built creative empires that dominated the industry for decades. That era may be nearing its end. Insufficient self-branding, limitations imposed by the hol...
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JPMorgan Chase inks fourth data aggregator deal

American Banker - 22 Oct 2018 23:07
Plaid will be able to access the bank's customer information through a secure API. JPMorgan has similar agreements with three other fintechs.
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PNC to debut entirely digital small-business loans

American Banker - 22 Oct 2018 08:07
The $380-billion asset company will soon join the parade of big banks and tech companies that are migrating online to meet the demands of business owners.
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Oil prices edged up on Monday, as markets were expected to tighten once U.S. sanctions against Iran's crude exports are implemented next month.
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Oil prices were stable on Monday, supported by supply concerns ahead of the start of U.S. sanctions against Iran's crude exports, but held back by rising drilling activity in the United States.
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Why this CEO stopped calling his company a startup

Venture Beat - 22 Oct 2018 03:54
It's time to rethink the definition of "startup." Here are some metrics to help you gauge when your company is no longer a startup.
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'The market dictates the product we sell' Whatever product you design, your customers will dictate what sells, says GoPro boss Nick Woodman
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The £1.3bn finance firm that was conceived in a pub After Samir Desai told two friends his idea for a business over a few pints, the three of them went on to establish lending firm Funding Circle.
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Aston Martin is considering flying in car components and moving more parts through UK ports other than Dover to avoid possible border friction after Britain leaves the European Union, its boss told Reuters.
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A city official says three construction workers have been hurt in Pawtucket, one critically, when a stairwell collapsed in a mill they were rehabilitating into housing. Director of Communications Wilder …
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The stock market has become more treacherous, according to Elliott Wave theory.
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U.S. stocks edged down on Monday as early support from a rally in China faded, with lower oil prices and disappointing earnings signals from firms including Halliburton and Hasbro helping pull the market lower.
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EU expected to seek revision of Italy's draft budget

The Guardian - 22 Oct 2018 18:41
EU expected to seek revision of Italy's draft budget Unprecedented move likely after government insists it needs to increase deficit The European commission is expected to ask Italy's indebted government to revise its 2019 draft budget on Wednesday, the first time such a r...
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New Networking Service Called Alliances Manages Your Business Connections Using AI Using artificial intelligence, Affinity Alliances manages the relationships in your professional network to make the best connections.
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Sum Up The Parts: The SPDR S&P Bank ETF Could Be Worth $54 For the SPDR S&P Bank ETF, we found that the implied analyst target price for the ETF based upon its underlying holdings is $54.06 per unit.
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Hasbro, trying to find footing, posts weak quarterly earnings Hasbro Inc., wrestling with the demise of Toys R Us and elusive shoppers spending a lot more on high-tech gadgets, posted third-quarter results Monday that fell well short of expectations. The Pawtucket, R.I., toy maker ...
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Health care companies, banks help pull US stocks lower U.S. stocks are veering broadly lower in early trading as losses in health care companies and banks outweigh gains elsewhere
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Hasbro sees no impact from Sears bankruptcy

Reuters - 22 Oct 2018 17:57
Hasbro Inc said on Monday the recent bankrupt retailer Sears Holding Corp will no impact on the toymaker as it accounted for less than 1 percent of the overall revenue last year.
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Affle Holdings gets Sebi's go ahead for India unit IPO The IPO comprises fresh issue of shares worth ₹90 crore, besides an offer-for-sale of up to 55 lakh equity shares by Affle Holdings
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David Lynch and Showtime Are Creating a Virtual Reality Experience for Twin Peaks David Lynch wants to bring Twin Peaks viewers into his imaginary world via virtual reality. Last weekend in downtown Los Angeles, Showtime previewed its first Twin Peaks VR experience, which will be available for fans to...
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Lee Lumber closes after 66 years, the 'end of an era'

Chicago Tribune - 22 Oct 2018 15:00
Lee Lumber closes after 66 years, the 'end of an era' Since word got out about the closure of Lee Lumber, the largest family-owned lumberyard in Chicago, co-owner Randy Baumgarten has fielded grateful notes from longtime customers, emotional hugs from employees, and many ca...
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