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Business News

Location American Business News for 14 November 2018
L.A. City Council committee endorses $1.2-billion expansion of convention center and hotel A proposal for a $1.2-billion subsidized development that would add hundreds of hotel rooms at L.A. Live and substantially enlarge the Los Angeles Convention Center was moved forward Tuesday by a City Council committee. ...
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The best HR is invisible

Fast Company - 14 Nov 2018 11:00
The best HR is invisible More and more companies are discovering the strategic benefits of a less centralized human resources function. There was a time not long ago when “getting HR involved” generally meant diffusing an employee relations ...
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Oil prices struggled for traction on Wednesday after sinking on worries about weakening world demand and oversupply, while global shares sagged with slowing growth concerns overshadowing potential positives such as progr...
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WATCH: Amazon: New headquarters to bring 25k jobs to each location The retail giant said it had deliberated "a lot" before choosing New York and Arlington, Virginia, as the sites for its new headquarters.
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WATCH: Chick-fil-A to deliver from more than 1,100 US chains Customers craving the popular fast food chain will need to live within a 10-minute radius of a participating location.
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Goldman on the hot seat; lending standards flat or easing

American Banker - 14 Nov 2018 19:22
Will prosecutors believe a rogue banker was behind Malaysia fraud?; banks that changed standards in Q3 were more likely to ease underwriting.
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The Dow on Wednesday attempts to avoid its longest string of losses since mid-August, attempting to shake off weakness sparked by volatile oil trading.
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Higher mortgage rates and unsettled stock market scare off potential homebuyers The number of mortgage applications fell 3.2 percent last week from the previous week as mortgage rates hit an eight-year high.        
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Sears Holdings Corp is finalizing a deal with financial firm Great American Capital Partners and other lenders for $350 million in bankruptcy financing that would keep the retailer open through the holiday season while i...
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Prominent trader Mark Fisher has one theory on why crude-oil prices have unraveled into a bear market in only six weeks, capped by a 7% drop on Tuesday.
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Oil Majors Have Started Their Low-Carbon Journey, But Progress Is Painfully Slow For years, the oil and gas sector ignored or undermined efforts to tackle climate change. That has changed recently, with many companies stepping up investments in renewable energy and electric vehicle infrastructure. Pr...
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Mass survey shows Germans are clinging to their cars

Miami Herald - 14 Nov 2018 18:59
Germanys remains a nation of auto lovers, with use of car-sharing services, bikes and public transport on the rise, mainly in large cities. The Transport Ministry released results from a …
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Snap subpoenaed by DOJ and SEC over IPO disclosures

New York Post - 14 Nov 2018 18:58
Snap subpoenaed by DOJ and SEC over IPO disclosures The US Justice Department and Securities and Exchange Commission have subpoenaed Snap Inc. for information about its March 2017 initial public offering, the social media app maker told Reuters on Tuesday. Snap said in a ...
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A group of three law firms representing multiple victims of California's deadliest wildfire has filed a lawsuit against PG&E Corp alleging negligence and health and safety code violations by the utility company in the bl...
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Markets Right Now: Tech companies drive US stocks higher Stocks are opening broadly higher on Wall Street as the market recoups some of its losses from a day earlier
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Gene-edited food is coming, but will shoppers buy?

Miami Herald - 14 Nov 2018 09:11
The next generation of biotech food is headed for the grocery aisles, and first up may be salad dressings or granola bars made with soybean oil genetically tweaked to be …
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The already long list of potential challengers to President Trump in 2020 includes policymakers with a deep record on banking issues and those whose financial services views are a relative mystery.
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Juul, the dominant maker of e-cigarettes, is pulling some of its most popular products from stores. It may have been done as a preemptive strike before the federal government could act. CBS News correspondent Anna Werner...
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Japan GDP: Natural disasters hit economic growth Rising protectionism could threaten exports and the growth outlook for the world's third largest economy.
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PG&E sued over massive Northern California wildfire

Miami Herald - 14 Nov 2018 06:40
People who lost homes in California's deadliest and most destructive wildfire sued Pacific Gas & Electric Co. Tuesday, accusing the utility of negligence and blaming it for the fire. PG&E …
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China reported a mixed bag of economic data for October on Wednesday, but industrial output and investment grew faster than expected, suggesting a flurry of support measures may be starting to take hold.
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Georgia O'Keeffe Holds The Auction Record For A Female Artist. When Will That Record Be Broken? As more important Georgia O'Keeffe paintings come to auction, a look at the market for her work.
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