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Business News

Location American Business News for 1 November 2018

HBO will lead AT&T's challenge to Netflix

The Economist - 1 Nov 2018 20:40
HBO will lead AT&T's challenge to Netflix IN LATE 2012, just before the release of "House of Cards", Ted Sarandos, chief content officer of Netflix, declared: "The goal is to become HBO faster than HBO can become us". Few took him seriously. HBO had a globally r...
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Google’s Sergey Brin didn’t know who Gloria Steinem is Larry Page and Sergey Brin also reportedly struggled to answer a question about who their female role models were. Sergey Brin may need to Google Gloria Steinem. Read Full Story
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Junk phone calls could get me killed one day

New York Post - 1 Nov 2018 06:28
Junk phone calls could get me killed one day Let's get off the economy for a moment and talk about something really important: junk phone calls. Which are your favorite ones? I like the ones that start with a friendly, recorded voice that immediately says "don't ha...
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Live Oak in N.C. to sell niche funeral business

American Banker - 1 Nov 2018 20:07
Argent Financial Group will buy Live Oak's pre-need funeral trust business in a deal set to close later this year.
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Long-term U.S. mortgage rates declined this week, in a quiet pause after weeks of market anxiety over rising interest rates. Home borrowing rates still remain at their highest levels in …
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N.J. bank raises $16M to expand in adjacent markets

American Banker - 1 Nov 2018 19:07
Orange County Bancorp has identified two neighboring counties for expansion.
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Google Employees Stage Walkouts Over Handling of Harassment

The New York Times - 1 Nov 2018 18:48
Google Employees Stage Walkouts Over Handling of Harassment Workers in the tech company's offices around the world protested on Thursday against how it has handled cases of sexual harassment and misconduct.
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GM offers 18K workers buyouts despite $2.5B profit

New York Post - 1 Nov 2018 06:50
GM offers 18K workers buyouts despite $2.5B profit DETROIT -- As General Motors reported a healthy $2.5 billion third-quarter profit, the Detroit automaker ramped up its cost-cutting efforts by offering buyouts to 18,000 white-collar workers. The company, while acknowled...
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Jets ink multiyear gaming deal with MGM Resorts

New York Post - 1 Nov 2018 06:37
Jets ink multiyear gaming deal with MGM Resorts The New York Jets are doubling down on their gaming sponsorships. Woody Johnson's team announced Wednesday it has named MGM Resorts International its official gaming partner. This comes as the team is set to announce a s...
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Google exec resigns over sexual misconduct allegation A high-ranking Google executive has resigned after getting spotlighted in a report last week about top officers at the search giant who were accused of sexual misconduct. Richard DeVaul, who was a director at Google pare...
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If The Stock Market Looks, Acts And Sounds Like A Bear... No two bear markets are alike, but they do have common characteristics
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Mumbai unions force Uber and Ola into a corner

The Economist - 1 Nov 2018 20:40
Mumbai unions force Uber and Ola into a corner Striking fashion MUMBAI, INDIA'S financial capital, is famous for its appalling traffic. But since October 22nd its roads have been miraculously clear. The reason is that drivers for Uber and Ola, India's two biggest rid...
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JINJIANG, A COASTAL city in Fujian province, is known for its thriving $15bn shoe industry. Since the announcement in 2015 of a national plan to dominate ten promising industries, known as "Made in China 2025", the city ...
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BlackRock Inc Chief Executive Larry Fink said on Thursday the United States is on a path to a full-fledged trade war against China as the world's two largest economies engage in tit-for-tat tariffs.
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U.S. prosecutors unveiled criminal charges on Thursday against two former Goldman Sachs Inc bankers and Malaysian financier Low Taek Jho tied to the Malaysia 1MDB sovereign wealth fund scandal.
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Swiss bank UBS will expand training for specialist staff investigating sexual misconduct claims, and introduce a confidential hotline to handle such allegations, according to an internal memo sent to staff and seen by Re...
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Target releases Black Friday ad and it's full of electronics and toys Target released its big Black Fridayad is offering a handful of deals online and in-store Thursday to celebrate.        
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U.S. President Donald Trump on Thursday said trade discussions with China were "moving along nicely" and that he planned to meet with Chinese President Xi Jinping at the upcoming G-20 summit, after the two had a "very go...
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Facebook Is Requiring Businesses to Confirm Their Relationships With Other Businesses Facebook will begin requiring businesses to confirm their relationships with other businesses before sharing pixels or offline event sets with them. Businesses will also be required to reaffirm their compliance with Face...
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The biggest buyers of stocks are coming back. More than any other group, companies themselves are the largest purchasers of their own shares. But they were notably absent from the …
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As stock prices go on discount, their biggest buyers return Businesses were holding back on buying back their own stock in the last few weeks because they were in one of their "blackout" periods, a regular occurrence leading up to the release of their quarterly results
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US factories grew more slowly in October

ABC News - 1 Nov 2018 18:52
US factories grew more slowly in October Survey: US factories grew more slowly in October, cite trade disputes
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