Business News
Sizing up the real fintech threat to banks
American Banker - 8 Nov 2018 07:07
Will it be a bigfoot from Amazon, Google and Apple, or death by a thousand bites from niche rivals? Or can banks rally and fend off the insurgents?
India's banking system is flirting with a Lehman moment
The Economist - 8 Nov 2018 14:48
WHEN NARENDRA MODI was elected prime minister of India in 2014, his plan was to revive its GDP growth rate back to the near-double-digit figures seen in the mid-2000s. Few would have guessed that the biggest threat to th...
Elon Musk gets new boss at Tesla
USA Today - 8 Nov 2018 18:39
Elon Musk has been replaced as chairman of Tesla. Despite the fallout from the billionaire misleading investors, Musk won't be going far. Veuer's Justin Kircher has the story.
Billboards are an old but booming ad medium
The Economist - 8 Nov 2018 14:48
Times Square pre-neon PEDESTRIANS STROLLING down 8th Avenue in Manhattan's Hell's Kitchen neighbourhood will be struck by the cast-limestone façade of the Hearst Magazine Building. Commissioned by William Randolph Hears...
Voters reject carbon fee, OK ban on local soda taxes
Miami Herald - 8 Nov 2018 06:48
Washington state voters rejected the nation's first tax on carbon emissions in the costliest initiative fight in state history. And they approved a ballot measure to block local governments from …
The Wall Street Journal: Acting attorney general was board member of company accused of scam
Market Watch - 8 Nov 2018 06:01
Matthew Whitaker, appointed acting attorney general on Wednesday after Jeff Sessions resigned, was a paid advisory-board member of an invention-promotion company shut down by federal regulators last year as an alleged sc...
Dan Loeb steamed over Campbell's executive pay packages
New York Post - 8 Nov 2018 04:41
Activist investor Dan Loeb is hot and bothered over Campbell Soup's executive pay packages and he wants shareholders to be too. "No one minds paying fairly for a CEO who benefits everyone, but paying tens of millions of ...
Why Democratic swell puts Wall Street at ease
New York Post - 8 Nov 2018 04:23
Gridlock is good. That's the word on Wall Street after Democrats took control of the House of Representatives, setting the stage for a stalemate with the Republican-controlled Senate that investors are betting will boost...
Judge suspends compliance deadline for CFPB payday rule
American Banker - 8 Nov 2018 04:07
Reversing a previous order, the Texas judge granted part of the bureau's request to stay the effective date and allow time for the agency to work on changes to the rule.
Do Not Resuscitate: The Saga of Sears, Hedge Fund Hubris And Media Ignorance
Forbes - 8 Nov 2018 02:48
As the once-iconic retail giant, shutters stores, there are important lessons for investors.
Wells Fargo is said to weigh sale of retirement-plan unit
American Banker - 8 Nov 2018 19:19
Wells Fargo is considering a sale of its retirement-plan services business, which could fetch as much as $1 billion, according to people familiar with the matter.
Gannett adjusted 3Q earnings beat expectations but company cuts full-year revenue forecast
USA Today - 8 Nov 2018 19:04Disney Gets Go Ahead From EU On Fox Assets Just Before Q4 Earnings Report
Forbes - 8 Nov 2018 19:00
Entertainment conglomerate Walt Disney Company reports fourth-quarter earnings after the closing bell on Thursday, Nov. 8. As Disney integrates the assets it bought from Fox, here's a look at what might be expected from ...
Bombardier cuts 5,000 jobs globally
BBC - 8 Nov 2018 18:59
Canadian plane and train maker, which employs 4,000 in Belfast, says the cuts will come in the next 18 months.
Outside the Box: Stocks historically have rallied 37% after midterm elections -- will it happen again?
Market Watch - 8 Nov 2018 18:48
Still, it's best not to be dogmatic.
Airbnb says these are the top trending bookings for New Year's Eve
USA Today - 8 Nov 2018 18:46
In case you don't know where to go on New Year's Eve, Airbnb just released a list of top destinations where you can get the party started. Buzz60's Natasha Abellard has the story.
Markets Right Now: US stocks open modestly lower
ABC News - 8 Nov 2018 18:43
Stocks are opening modestly lower on Wall Street as the market gives back some of its big gains from the day before.
Coca-Cola plans energy drinks under namesake brand
Reuters - 8 Nov 2018 18:41
Coca-Cola Co said on Thursday it plans to launch two energy drinks under its namesake brand, its latest move to diversify away from sugary sodas.
Facebook launching pop-up store in Macy's
USA Today - 8 Nov 2018 18:34
In a new partnership with Macy’s, Facebook will be adding to the department store’s pop-up area called “The Market.” Buzz60's Natasha Abellard has the story.
Europe Markets: Europe stocks mixed as market waits for Fed
Market Watch - 8 Nov 2018 18:31
Stocks post a mixed performance on Thursday as investors await a Federal Reserve policy statement due after European markets close, while individual stocks rise on earnings.
Goldman Sachs Ex-Hip Hop Banker Pleads Guilty to Money Laundering
Forbes - 8 Nov 2018 18:30
Hip hop's original first lady Kimora Lee Simmons current husband and former Goldman Sachs partner Tim Leissner has been charged with money laundering, after the theft of billions of dollars from Malaysian sovereign wealt...
Woman who spent $21M at Harrods bailed, fights extradition
Miami Herald - 8 Nov 2018 18:22
Like many people, Zamira Hajiyeva often dropped by a neighborhood shop, just down the street from her London home, to pick up a few things -- including gem-encrusted jewelry and …