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Business News

Location American Business News for 12 November 2018

Athenahealth fetches $5.7 billion cash buyout offer

Miami Herald - 12 Nov 2018 19:11
Athenahealth shares soared Monday after the struggling medical billing software maker received a $5.7 billion cash buyout offer. Veritas Capital and Evergreen Coast Capital plan to give athenahealth shareholders $135 …...
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U.S. and European stocks fell sharply on Monday, with tech stocks in both regions getting hammered, while the U.S. dollar surged to its highest point in 16 months against a basket of currencies amid concern about Europea...
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Diageo to sell off Seagram's VO, other lower-end liquor brands Spirits company Diageo is selling 19 lower-end brands including Seagram’s VO Canadian whiskey and Goldschlager cinnamon schnapps to US-based Sazerac for $550 million, as it focuses on its premium labels such as Johnnie...
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Tech-focused private-equity firm Vista Equity Partners struck a deal to take software company Apptio Inc. private for $1.94 billion, according to people familiar with the matter.
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Chinese e-commerce giant Alibaba Group Holding Ltd cashed a record 213.5 billion yuan ($30.7 billion) in sales on Sunday during its 24-hour online retail frenzy Singles' Day, but the event's annual growth dropped to its ...
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Singles' Day tops record $30 billion for Alibaba Alibaba recording $10 billion in sales in just one hour as shoppers around the world snapped up hot items including iPhones, furniture and milk powder.
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Watch Wiz Khalifa, Leslie Jones and Jonah Hill Experience Virtual Reality in New Oculus Ad Oculus has a new star-studded 60-second spot that aims to highlight how virtual reality entertainment--not just gaming--could be appealing to the masses. Just in time for the holiday shopping season, the Facebook-owned V...
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Party of One

The New Yorker - 13 Nov 2018 00:00
Party of One Amy Davidson Sorkin writes about the midterm elections, and their aftermath.
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U.S. stocks moved broadly lower in early trading Monday, weighed down by losses in technology companies and banks. Consumer-focused companies and media and communications stocks also took losses. Crude oil …
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A team of psychological scientists provides recommendations for getting the most out of meetings.
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3 Business Models That Could Bring Million-Dollar Cures to Everyone

Harvard Business Review - 12 Nov 2018 19:00
Gene therapy is a medical breakthrough, but today it’s prohibitively expensive.
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Amazon HQ favorites: Similar basics, different vibes

Miami Herald - 12 Nov 2018 18:45
The communities said to be favored to become homes to a pair of big, new East Coast bases for Amazon are both riverfront stretches of major metropolitan areas with ample …
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Markets Right Now: Tech, internet stocks lead early declines Stocks are opening moderately lower on Wall Street, led by declines in technology and internet companies.
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The Implied Analyst 12-Month Target For The iShares U.S. Technology ETF For the iShares U.S. Technology ETF, we found that the implied analyst target price for the ETF based upon its underlying holdings is $199.64 per unit.
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Best-seller Sarah Dessen has new book, new publisher

Miami Herald - 12 Nov 2018 18:12
Sarah Dessen, one of the country's most popular authors for teenagers, has a new publisher. HarperCollins Publishers announced Monday that it will release Dessen's "The Rest of the Story" on …
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Tobacco giant shares burnt by menthol ban report Rothmans and Lucky Strike owner British American Tobacco (BAT) has seen billions of pounds wiped off its market value after a report claimed US regulators are planning to ban menthol cigarettes.
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The race is on for liquefied natural gas (LNG) producers to build export terminals as demand soars, but the criteria for financing such mega-projects have shifted as traditional relationships with LNG consumers have begu...
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A home to a former pharmaceutical company in northern New Hampshire will be renovated to make room for a market, a produce distribution group, and apartments. The 1860s Parker J. …
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BofA faces lawsuit over use of the name Erica

American Banker - 12 Nov 2018 07:35
A Colorado business owner and the second-largest U.S. bank are set to go to court this month over his intellectual property claim that he owns the service mark for an online virtual assistant named Erica. That is the sam...
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The industry saw some well-known executives step down from their roles or take on new ones during the past month.
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After a soft opening, Asian equities have broadly turned higher as the market looked to rebound from Friday's weakness, although investors remained wary of lingering U.S.-China trade tensions and sinking oil prices.
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A top Sinaloa cartel leader has plead guilty in Chicago, and he could play a big role in 'El Chapo' Guzman's trial REUTERS/Daniel Aguilar CHICAGO (AP) — A former top lieutenant to Joaquin "El Chapo" Guzman and likely witness at the Mexican drug lord's New York trial has pleaded guilty to trafficking conspiracy in Chicago, saying in...
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