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Business News

Location American Business News for 2 November 2018
New stuff is coming to Blizzard's MOBA, Heroes of the Storm.
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Comparethemarket may be breaking the law, says CMA The price comparison site famous for its meerkat adverts may be inflating insurance premiums, the CMA says.
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Wall Street is worried shoppers won't buy pricey iPhones It's official: Wall Street has iPhone anxiety. Apple delivered unexpectedly strong sales and profits for its latest quarter, but its shares tanked as a weak holiday forecast stoked worries that shoppers are hesitant to s...
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Royal Caribbean Cruises Ltd. officially opened Terminal A, the largest cruise terminal in the U.S., in collaboration with Miami-Dade County. The new terminal at PortMiami will serve as homeport to some of Royal Caribbean...
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US wage growth hits nine-year high

BBC - 2 Nov 2018 18:16
US wage growth hits nine-year high US earnings rose last month at the fastest pace since 2009 while job growth exceeded expectations.
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Caesars CEO's exit opens up sale speculation

New York Post - 2 Nov 2018 07:17
Caesars CEO's exit opens up sale speculation Caesars dethroned its President and CEO Mark Frissora, leading to speculation the company may now be more open to a sale. In after-hours trading, Caesars shares rose 9.6 percent, to $9.70. The company also announced Thur...
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Dream internship will pay you $100 an hour to play with dogs all day The world's greatest internship has an opening! Buzz60's Maria Mercedes Galuppo has more.        
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A Nevada jury put the state and a mental hospital administrator on the hook for close to $9 million in class-action damages for sending patients unaccompanied to states including California, …
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Workers brought attention to what they call a "destructive culture" that condones sexual misconduct, discrimination and racism
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BBH Restructures Leadership in New York Office BBH is restructuring leadership in its New York office. Brett Edgar was promoted to the role of managing director, while BBH New York CEO Anthony Romano is leaving the agency for an unspecified opportunity. "As a creativ...
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Apple drags stocks lower; high-dividend companies also dip US stocks are falling as a sharp loss for Apple takes technology companies lower
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Crash leaves construction worker seriously injured

Miami Herald - 2 Nov 2018 19:12
Vermont State Police say a driver crashed into a construction truck on Interstate 89, seriously injuring a construction worker. Police say the crash happened in Middlesex around 5:30 a.m. Thursday. …
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Starbucks shares soar as company reveals its holiday plans Starbucks is dialing up the holiday cheer this year, following disappointing sales last season.
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The prime ministers of France and Vietnam on Friday witnessed the signing of two business deals worth over $10 billion and dozens of other cooperation agreements covering energy, education, health, …
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Wall Street lower as Apple extends slide

Reuters - 2 Nov 2018 18:57
U.S. stocks gave up early gains to trade lower on Friday morning, as Apple extended losses and dragged down technology stocks after it gave a disappointing forecast, adding to fears of a slowdown in corporate growth.
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The Securities and Exchange Commission assessed $3.945 billion in disgorgement and penalties across 821 enforcement actions in fiscal 2018, the agency's enforcement division said in its annual report on Friday.
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World equity markets rallied on Friday with emerging market stocks seeing their best day since 2016 on hopes the United States and China were mending trade relations, while strong U.S. wage growth boosted bond yields.
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Destination Maternity closing up to 67 stores while boosting online sales Destination Maternity Corp. will trim its retail network – and shrink stores – as part of a turnaround plan, the company’s top executive announced.        
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The NFL kicked off its "Salute to Service " campaign to honor the nation's military, veterans and their families by pledging to donate up $5 to its nonprofit partners for …
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Exxon Mobil Corp on Friday reported a quarterly profit that topped analysts' estimate on higher prices received for its oil and natural gas but its production volumes fell on a year-over-year basis.
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AbbVie Inc beat Wall Street estimates for third-quarter profit on Friday, driven by strong sales of blockbuster cancer medicine Imbruvica, and the drugmaker raised its 2018 earnings forecast, sending its shares up 4 perc...
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Two Goldman bankers charged; small banks await Fed ally

American Banker - 2 Nov 2018 18:08
The two allegedly helped to defraud a Malaysian sovereign wealth fund; Michelle Bowman is expected to bring a Main Street perspective to the central bank.
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