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Business News

Location American Business News for 23 October 2018

Flagstar's move to diversify beyond mortgages pays off

American Banker - 23 Oct 2018 23:07
Despite an overall weak mortgage originations market, Flagstar Bancorp's third-quarter earnings grew 20%, due in large part to its ongoing efforts to diversify operations.
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Ford posts a profit in India, 20 years after driving in The emerging markets plan has helped Ford grow its India business from $2.1 billion in 2015-16 to $2.8 billion in 2016-17 and $3.4 billion in 2017-18
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Kraft Heinz agrees to sell Complan to Zydus Wellness

livemint.com - 24 Oct 2018 00:20
Kraft Heinz agrees to sell Complan to Zydus Wellness Zydus Wellness is in talks to raise private equity funding to cover about half of the purchase price for some of Kraft Heinz's India products, including Complan
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That $1.6 billion Mega Millions jackpot could buy you a baseball team Should you hit the $1.6 billion Mega Millions jackpot, you could take home a lump-sum payment of $904 million, the biggest payout in U.S. history.
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What a Decentralized Web Means for Digital Advertising Startups have been working on projects to decentralize the web for years--it was even a plot point in the last season of HBO's Silicon Valley--but tongues really began wagging when the father of the World Wide Web, compu...
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Auction for aluminum giant hits snag in wake of Grenfell Tower inferno The closely watched auction of aluminum giant Arconic has hit a snag, as prospective bidders have been recently told of potential liabilities related to last year's deadly Grenfell Tower disaster in London, The Post has ...
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Volcker 2.0 unites banks and their critics in opposition

American Banker - 23 Oct 2018 05:08
Bankers say the agencies' proposed rewrite of the trading ban would do more harm than good, while the Volcker Rule's most ardent supporters worry the overhaul will enable risky behavior by the largest institutions.
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New UltraFICO score stokes concerns about data privacy

American Banker - 23 Oct 2018 23:07
A new credit score that includes consumers' cash flow alongside their credit score is winning praise for its potential to help expand access to credit, but some worry it gives the credit bureaus even more data that could...
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Through the "Where We Live" program, the bank will direct philanthropic giving to two wards in the nation's capital and provide financing for affordable housing.
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Zelle, Venmo use soars as more consumers go cashless

American Banker - 23 Oct 2018 18:08
Zelle processed 116 million transactions during the third quarter as its payment volume jumped to $32 billion, while Venmo's volume increased 78% to nearly $17 billion.
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How Lilly Is Getting More Women into Leadership Positions

Harvard Business Review - 23 Oct 2018 18:00
Half of the unit presidents in its pharma business are women.
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Philip Morris International Inc will sell cheaper versions of its IQOS "heat not burn" products in Japan from Tuesday and introduce new upgraded products next month to expand market share, its chief executive said.
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Activist investor takes aim at Outback Steakhouse again An activist investor is coming back for seconds at Outback Steakhouse. Barington Capital -- which had previously griped that Outback, unlike its archrival Texas Roadhouse, didn't serve customers warm bread when they sat ...
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Despite the terrible odds -- one in 302.5 million for those keeping score at home -- someone will eventually match all six numbers and win the Mega Millions jackpot, which …
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Early voting opened across Texas on Monday, bringing long lines and record first-day midterm turnout in Houston and complaints about outdated technology slowing people casting ballots elsewhere. It took Harris …
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CRA credit for high-speed internet access?

American Banker - 23 Oct 2018 02:07
Better web access, paid for by banks, could go a long way toward moving the unbanked into the mainstream. It was one of many ideas batted around at a recent a conference on the role fintech can play in promoting financia...
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3DLOOK Upgrades 3D Body Scanning Platform

Retail Touch Points - 23 Oct 2018 23:53
3DLOOK Upgrades 3D Body Scanning Platform 3DLOOK, a mobile body scanning technology provider, has launched a new version of its 3D body model generation, SAIA 3D V2.0. The platform is designed to solve sizing problems, increase conversion rates, and lower return...
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A year into #MeToo, what's next for the movement?

Miami Herald - 23 Oct 2018 21:08
By the end of her impassioned speech last week in front of a crowded hotel ballroom, Alyssa Milano was choking back tears. The words "Me Too," the actress and activist …
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Wall Street sank on Tuesday as disappointing forecasts from industrial bellwethers Caterpillar and 3M triggered alarm bells over corporate growth and added to concerns ranging from China's slowdown to Saudi Arabia's dipl...
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People seeking dubious, potentially harmful treatment for cancer and other ailments raised nearly $7 million over two years from crowdfunding sites, a study found. Echoing recent research on campaigns for …
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Universal Games and Unity Technologies announced the winner from the Universal GameDev Challenge: Voltron: Cubes of Olkarion by Zurich-based studio, Gbanga.
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New tax cuts floated by Donald Trump are in the "planning stage," the head of the White House National Economic Council said Tuesday, a day after the president told reporters the administration would put in a "resolution...
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