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Business News

Location American Business News for 9 November 2018

The curse of the Honeycrisp apple

L.A. Times - 9 Nov 2018 02:40
The curse of the Honeycrisp apple Bite into a Honeycrisp apple and you understand why people are willing to pay so much for a piece of fruit: the crunch. That's no accident. In the pre-Honeycrisp era, apples had just two textures: "soft and mealy (that n...
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Top banks in cyber-attack 'war game'

BBC - 9 Nov 2018 12:18
Top banks in cyber-attack 'war game' The Bank of England is testing the UK's ability to withstand a major cyber-attack on financial institutions.
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How the teddy bear became a million dollar idea The BBC's Aaron Heslehurst explains how the teddy bear became a million dollar idea.
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Satanist group wants $50M from Netflix for copying demonic goat statue A satanist group is suing Netflix and Warner Bros. for $50 million, claiming that the companies unlawfully copied its statue of a demonic goat god for use in the series "The Chilling Adventures of Sabrina." The Satanic T...
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Siemens Expects Moderate Growth Next Year

The New York Times - 9 Nov 2018 06:08
Siemens Expects Moderate Growth Next Year Shrugging off global trade tensions, the German conglomerate said it saw limited risks next year and expected sales to increase.
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Uber fined $750,000 for letting drivers work after customers complained of drunk driving The California Public Utilities Commission fined Uber $750,000 for failing to follow a "zero tolerance" policy on investigating and suspending drivers in response to customer complaints that they were driving while intox...
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Oil markets on Friday remained weak as rising supply and concerns of an economic slowdown pressured prices, with U.S. crude now down by 20 percent since early October.
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Initiative Q Won't Solve Bitcoin's Problem

Forbes - 9 Nov 2018 05:05
Initiative Q Won't Solve Bitcoin's Problem Initiative Q should be compared with Stellar, not Bitcoin.
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Four Forex Tips For Trading Success

Project Eve - 9 Nov 2018 21:50
Rise above the noise in the forex trading market advice arena and use the forex tips below to keep your trades profitable, and your professional career lengthy. Many forex currency traders dive directly into the deep end...
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The former Goldman CEO is said to be the unnamed executive at a meeting with Asian financier; the bank faces multibillion-dollar penalties in two countries.
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European stocks head for a losing week, with Friday's session adding to a slide amid jitters over a hawkish U.S. Federal Reserve and disappointment after some big corporations produced poorly received quarterly results.
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Former Tesla employee charged with embezzling $9.3 million A former Tesla employee has been charged with embezzling around $9.3 million from the company between 2016 and 2017. Veuer's Sam Berman has the full story.        
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Why the Social Security program will never run out of cash The question folks are asking about Social Security, given its many problems, is when, exactly, will it run out of cash? The honest answer: Never.        
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General Electric Co. shares slid another 3.4% Friday to put them on track for their lowest level since November of 1994, after JPMorgan analyst Stephen Tusa slashed his stock price target to $6 from $10 and said the comp...
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Goodbye, Tampon Tax (at Least for Some)

The New York Times - 9 Nov 2018 18:50
Goodbye, Tampon Tax (at Least for Some) Nevada became the 10th state to eliminate the so-called tampon tax, freeing consumers of sales tax when buying tampons and sanitary pads.
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Markets Right Now: Stocks start lower as crude oil falls Stocks are falling as energy companies are dragged lower by the continuing plunge in crude oil prices
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General Electric’s Downsizing Reflects the Tough Reality Facing the U.S. Economy It's hard to believe that General Electric Company (NYSE:GE), the darling of Wall Street in the 1990s, a company that has been synonymous...
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Americans are more concerned with data privacy than job creation, study shows Americans believe that companies should have a mission that goes beyond the money. The latest Harris Poll data show how people think they're doing.        
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US wholesale prices jump 0.6 percent, most in 6 years US wholesale prices rose 0.6 percent in October, biggest gain in 6 years
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UBS Group sold tens of billions of dollars' worth of residential mortgage-backed securities by "knowingly and repeatedly" making false and fraudulent statements to investors about the loans backing those trusts, the U.S....
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Asian stocks pulled back from a one-month high on Friday as the Federal Reserve appeared poised to deliver another interest rate hike next month, paring gains made earlier this week after U.S. midterm elections triggered...
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Disney's Profit Soars, but Focus Remains on Its Coming Streaming Service Despite Disney's record annual profit of $12.6 billion, Wall Street is waiting for its high-risk plan to roll out a streaming service late next year.
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