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Business News

Location American Business News for 25 October 2018

Chinese tech companies get into farming

The Economist - 25 Oct 2018 18:44
Chinese tech companies get into farming THE SLEEK offices of NetEase in Hangzhou, a traffic-clogged city in eastern China, seem an unlikely place to find a farmer. Yet the video-gaming company also runs a pig-rearing division. Ni Jinde launched Weiyang, its sw...
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Northampton's first new shoe factory in decades to open Northampton was once the shoemaking capital of the world but many manufacturers have moved abroad.
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HR Leaders Need Stronger Data Skills

Harvard Business Review - 25 Oct 2018 21:00
Research shows that they lag behind other professionals.
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Who Actually Listens to Halloween Music?

The New York Times - 25 Oct 2018 13:00
Who Actually Listens to Halloween Music? Spotify gave us answers.
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Asian shares dived on Thursday as hundreds of billions of dollars hemorrhaged from global markets after a rout in tech stocks inflicted the largest daily decline on Wall Street since 2011, wiping out all its gains for th...
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WPP Stock Takes a Dive as CEO Mark Read Laments 'Tough' Quarter and Confirms Kantar Sale On today's earnings call, WPP CEO Mark Read acknowledged the company had a difficult quarter thanks to a string of major media account losses and underperformance on the creative side of the business, especially in North...
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Hershey shares melt on 3Q miss

Miami Herald - 25 Oct 2018 19:07
Hershey Co. shares melted Thursday after the company missed Wall Street's profit forecast and struggled with rising costs. But analysts said a 2.5-percent price increase announced in June should help …
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Tesla shares jump after earnings report fulfills Elon Musk's profit and cash-flow promises Tesla Inc. stock jumped Thursday morning after an upbeat report showed booming sales for the electric-car maker's Model 3 and fulfillment of Chief Executive Elon Musk's promises that Tesla would turn a profit and improve...
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Amazon's ambitious drive into digital-advertising

The Economist - 25 Oct 2018 18:44
Amazon's ambitious drive into digital-advertising AN AWARD-WINNING series, "The Marvellous Mrs Maisel", follows the fortunes of a woman in the 1950s who undergoes an unlikely transformation from a typical housewife of the day into a talented standup comedian. It is prod...
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Forget Halloween! Retailers are already duking it out to win your holiday business Retailers are competing to offer the best deals this holiday season.
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4
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Shares of Cathay Pacific Airways Ltd dropped more than 6 percent on Thursday to a nine-year low after it said data of about 9.4 million passengers of Cathay and its unit, Hong Kong Dragon Airlines Ltd, had been accessed ...
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Campbell Soup boss apologizes for VP's Soros conspiracy tweet Campbell Soup's interim chief executive apologized for a tweet from one of the company's senior employees that peddled a conspiracy theory about the migrant caravan headed to the US-Mexico border. Kelly Johnston, Campbel...
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Advanced Micro Devices Inc. shares plummet in the extended session Wednesday after the chip maker's outlook and revenue fall short of Wall Street estimates owing to weaker-than-expected graphics sales.
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Alphabet Inc. stock fell roughly 3% in the extended session Thursday after the company reported better-than-expected profits that handily beat Wall Street expectations but missed revenue analyst revenue projections.
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Microsoft, Tesla and Twitter jump while AMD skids Microsoft, Tesla and Twitter rally while Advanced Micro Devices falls
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Oil prices rose on Thursday alongside U.S. stock markets as Wall Street recovered from the worst meltdown since 2011 the previous day, allaying some fears that a slowdown in global economic growth would hit demand for oi...
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Champions League winner Real Madrid earned 88.6 million euros ($101.2 million) in prize money from UEFA last season, while beaten finalist Liverpool pocketed 81.2 million euros ($92.7 million). Semifinalist Roma …
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What's Driving Superstar Companies, Industries, and Cities

Harvard Business Review - 25 Oct 2018 19:41
Top companies account for a higher share of profits than they used to.
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Twitter Inc shares jumped as much as 22 percent on Thursday, putting them on track for their biggest one-day gain, as the social media company easily beat Wall Street's revenue and profit estimates by selling more ads ev...
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Can Tesla Sustain Its Profitability Going Forward? Tesla posted its first quarterly profit in two years this Wednesday, driven by its continued production ramp of the mass market Model 3 sedan and slightly better cost management.
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US durable goods orders edged up modest 0.8 percent

Miami Herald - 25 Oct 2018 18:55
Orders to U.S. factories for big-ticket manufactured goods slowed significantly in September, while a key category that tracks business investment fell for a second straight month. Demand for durable goods …
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American Airlines shares rose 4 percent on Thursday after the company said its profit margin for the current quarter would be higher than most on Wall Street expected, helped by a dip in fuel costs from their recent spik...
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