Business News
Breakingviews: China's New Billionaires Are Young, Fast Workers With an Appetite for Risk
The New York Times - 29 Oct 2018 18:53
The country is minting two new billionaires each week, and they differ markedly from their global peers.
Conversica raises $31 million to grow its conversational AI sales assistant
Venture Beat - 29 Oct 2018 18:26
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.
Oil stable as Asia stock markets rebound, but sentiment cautious on trade concerns
Reuters - 29 Oct 2018 06:34
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.
Mercedes-Benz sent recall notices too late: feds
New York Post - 29 Oct 2018 06:40
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 ...
IBM buys cloud computing firm Red Hat for $34B
New York Post - 29 Oct 2018 06:36
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...
Economist: NKorea eying Swiss, Singaporean-style success
ABC News - 29 Oct 2018 06:19
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
The IMF Has Learned Nothing From The Greek Crisis
Forbes - 29 Oct 2018 06:16
The IMF is repeating the same mistakes with Argentina as it made with Greece.
The boss who tried to kill his business
BBC - 29 Oct 2018 04:13
Peter Reinhardt was initially unimpressed with the idea behind customer data tech firm Segment.
How Stock Market Crashes Don't Follow The Rules
Forbes - 29 Oct 2018 04:07
Market crashes are poorly understood and don't fit many of the ways we typically think about the market. Here's why.
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 …
The US military's largest base outside the US just got its biggest ammo delivery in 20 years
Business Insider - 29 Oct 2018 19:48
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...
Police: 1 dead in highway crash north of New York City
Miami Herald - 29 Oct 2018 19:11
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 …
Red Hat shares climb, IBM's struggle after mega-merger
New York Post - 29 Oct 2018 19:09
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...
US stock indexes jump following big gains in Europe
ABC News - 29 Oct 2018 19:02
US stocks change course again and turn higher following big gains in Europe
Time off for workers to vote? Your state may require it
ABC News - 29 Oct 2018 19:00
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
How is the stock market doing today? Dow climbs in early trading
USA Today - 29 Oct 2018 18:44
Technology companies are climbing, with open-source software company Red Hat surging after IBM agreed to buy it for $34 billion in stock.
U.S. cannabis firm Curaleaf falls in Canada trading debut
Reuters - 29 Oct 2018 18:42
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.
U.S. stock indexes jump following big gains in Europe
L.A. Times - 29 Oct 2018 18:40Oil falls as concern deepens over global economic outlook
Reuters - 29 Oct 2018 18:29
Oil prices dropped on Monday as concern over the global economy put crude on track for its biggest monthly fall since mid-2016.
Wall Street rebounds with help from auto, tech stocks
Reuters - 29 Oct 2018 18:24
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.
These are the 5 best Amazon deals you can get this Monday
USA Today - 29 Oct 2018 19:58
This Monday, there are some great deals on kitchen appliances, home entertainment, and more.