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Business News

Location American Business News for 26 October 2018

Let's move to Worcester: 'It's full of sauce'

The Guardian - 26 Oct 2018 19:30
Let's move to Worcester: 'It's full of sauce' Among its other claims to fame are the loveliest cricket ground in the land, the cathedral and the oldest newspaper in the world What's going for it? Worcester has many claims to fame. The sauce, of course. It's full of ...
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Gold prices today slip from six-year high, silver rates edge lower Prices of gold of 99.99% and 99.5% purity today fell by ₹35 each to ₹32,590 and ₹32,440 per 10 grams
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America Should Let China Lose The Trade War Gracefully America must apply the "Japanese model" in its trade disputes with China.
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U.S. stocks plunged on Friday as grim earnings reports from Amazon and Alphabet rekindled a rush to dump technology and high-growth stocks, but data showing economic growth in the last quarter slowed less than expected p...
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Howard Marks on Surviving Market Storms

Barron's - 26 Oct 2018 06:11
Howard Marks on Surviving Market Storms Oaktree Capital Management's co-founder has seen lots of up and down stock cycles in his long career. Here's what he'd do now.
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Fed should force Wells Fargo into being a simpler bank

American Banker - 26 Oct 2018 19:16
The central bank should consider rescinding the bank's "financial holding company" status, which allows it to participate in nonbank activities, given its inability to respond to internal management problems.
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Behind the Clash Over Italy's Budget, a Fear of Populism

The New York Times - 26 Oct 2018 16:36
Behind the Clash Over Italy's Budget, a Fear of Populism The European Union fended off the challenge of Greek debt, but doing so with the Italian budget crisis could be much harder.
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Dan Loeb sues Campbell Soup in bid to delay annual meeting Dan Loeb is trying to delay Campbell Soup's Nov. 29 annual meeting by suing it for running a "campaign of misinformation" to entice investors to reinstate the board. His Third Point hedge fund was recently hoping Campbel...
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Caesars taps Goldman Sachs for defense from activist investors Caesars Entertainment, looking to fend off an attack from activist investors, has enlisted Goldman Sachs to give it advice, two sources close to the situation told The Post. Goldman has an activist defense practice, and ...
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Friday is looking eerily similar to those of the past couple of weeks for digital currencies with major coins trading largely unchanged to begin the session.
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To learn how companies like Trulia and Pandora flawlessly serve up personalization and customized results that click, don't miss this VB Live event.
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The pitfalls Discover's new CEO sees in consumer lending

American Banker - 27 Oct 2018 00:08
Personal loans are "tricky to underwrite" because consumer credit scores are high at the time of origination and then drift downward, says Roger Hochschild, who recently took over as the head of Discover Financial Servic...
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Brazil will leave a decision on whether to approve the sale of a controlling stake in planemaker Embraer SA's commercial jet business to Boeing Co to the next government, Defense Minister Joaquim Silva e Luna told Reuter...
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A Way to Detect Major Medical Complications Sooner

Harvard Business Review - 26 Oct 2018 20:00
Vitals signs are often insufficient.
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Federal Reserve officials have tried this week to ease concerns on Wall Street that bank reserves are growing scarce and that the Fed's key rate will edge up above a policy range, possibly forcing it to permanently hold ...
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An Auburn University engineering professor is suing the public Alabama school, claiming a group of his colleagues discriminated against him because of his race and national origin, the Opelika-Auburn News …
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U.S. fast-food giant McDonald's Corp will invest 3 billion rand ($205 million) in South Africa over the next five years, the company said on Friday.
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Equity markets continue to call the tune for oil Friday, with crude futures under pressure as global equities renew their slide to cap a volatile week.
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Do People Trust Algorithms More Than Companies Realize?

Harvard Business Review - 26 Oct 2018 19:00
Stop trying to hide them.
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US economy grew solid 3.5 percent in the third quarter on strong consumer spending Healthy consumer spending and business stockpiling helped keep the U.S. economy on a roll in the third quarter        
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The only firm drilling for shale gas in Britain has temporarily suspended fracking after a mild earthquake. Cuadrilla says it has halted drilling for 18 hours after a tremor was …
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Barclays will not face trial over crisis fundraising High Court rules that potentially serious charges against the banking group remain dismissed.
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