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Business News

Location American Business News for 29 October 2018
Breakingviews: China's New Billionaires Are Young, Fast Workers With an Appetite for Risk The country is minting two new billionaires each week, and they differ markedly from their global peers.
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Conversica, an AI platform that helps sales teams convert in-bound leads through automated conversations, raised $31 million in a series C round of funding.
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Oil prices were stable on Monday, supported by a bounce in Asian stocks, but analysts said sentiment remained cautious after a plunge in financial markets last week triggered worries that global growth may be slowing.
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Mercedes-Benz sent recall notices too late: feds

New York Post - 29 Oct 2018 06:40
Mercedes-Benz sent recall notices too late: feds Federal regulators are investigating Mercedes-Benz over whether it was too slow to mail out notices for a recall of 1.4 million cars in 2017. The National Highway Traffic Safety Administration sent the German carmaker a ...
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IBM buys cloud computing firm Red Hat for $34B

New York Post - 29 Oct 2018 06:36
IBM buys cloud computing firm Red Hat for $34B IBM is buying cloud computing company Red Hat for $34 billion, its biggest acquisition ever, the company announced on Sunday. The deal is a challenge to Amazon, Google, and Microsoft, which have dominated the cloud -- an...
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Economist: NKorea eying Swiss, Singaporean-style success A senior government economist has told The Associated Press that North Korea is exploring a grand plan to become a regional transportation hub, inspired in part by the successes of Singapore and Switzerland
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The IMF Has Learned Nothing From The Greek Crisis The IMF is repeating the same mistakes with Argentina as it made with Greece.
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The boss who tried to kill his business

BBC - 29 Oct 2018 04:13
The boss who tried to kill his business Peter Reinhardt was initially unimpressed with the idea behind customer data tech firm Segment.
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How Stock Market Crashes Don't Follow The Rules Market crashes are poorly understood and don't fit many of the ways we typically think about the market. Here's why.
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Correction: Enbridge Energy-Line 3 story

Miami Herald - 29 Oct 2018 21:59
In a story Oct. 26 about Enbridge Energy's Line 3 replacement project, The Associated Press reported erroneously that Minnesota regulators had formally approved Enbridge's replacement plan, thus clearing the way …
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The US military's largest base outside the US just got its biggest ammo delivery in 20 years US Air Force/Senior Airman Joshua Magbanua The 86th Munitions Squadron at Ramstein air base in Germany got about 100 containers of munitions this month. That's the largest shipment of ordnance the unit has gotten since 1...
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Authorities say a woman was killed when her car rammed into a parked construction truck on a highway north of New York City. State police say Patricia Jimenez-Gaylor's 2018 Nissan …
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Red Hat shares climb, IBM's struggle after mega-merger

New York Post - 29 Oct 2018 19:09
Red Hat shares climb, IBM's struggle after mega-merger IBM Corp's $34 billion deal to buy Red Hat Inc drove shares in the small but fast-growing software maker 50 percent higher on Monday, reflecting the huge premium IBM is paying to ward off any potential challenger bids. A...
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US stock indexes jump following big gains in Europe US stocks change course again and turn higher following big gains in Europe
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Time off for workers to vote? Your state may require it Companies aren't required to shut down on Nov. 6, but many give their staffers paid time off to go to the polls _ 44 percent, according to a survey by Society for Human Resources Management, a trade group
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How is the stock market doing today? Dow climbs in early trading Technology companies are climbing, with open-source software company Red Hat surging after IBM agreed to buy it for $34 billion in stock.        
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U.S. cannabis retailer Curaleaf Holdings Inc opened lower in its trading debut in Toronto on Monday after amassing $400 million in the biggest equity raising in Canada's marijuana industry.
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U.S. stock indexes jump following big gains in Europe U.S. stocks jumped Monday morning as the market rapidly changed course once again. Technology companies are climbing, with open-source software company Red Hat surging after IBM agreed to buy it for $34 billion in stock....
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Oil prices dropped on Monday as concern over the global economy put crude on track for its biggest monthly fall since mid-2016.
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U.S. stock indexes rose on Monday, as gains in auto stocks, a recovery in tech company stocks and relief over an unchanged sovereign rating on Italy helped a rebound from last week's steep global selloff.
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These are the 5 best Amazon deals you can get this Monday This Monday, there are some great deals on kitchen appliances, home entertainment, and more.        
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Strong Growth In Dunkin' U.S. Drives Earnings Beat For Dunkin' Brands Dunkin' Brands (NASDAQ:DNKN) announced its third quarter earnings on October 25, wherein a rise in both revenue and earnings was reported, with both metrics exceeding analysts' expectations. This growth was driven by pos...
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