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Business News

Location American Business News for 15 November 2018

Crossed lines in the boardroom

The Economist - 15 Nov 2018 19:49
Crossed lines in the boardroom IT IS A tale that might have been written by Shakespeare. It features hubris, nemesis and partial redemption, as well as clashing personalities and losses in the billions of dollars. And it all takes place in the most un...
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Flipkart in uncharted territory under Walmart

livemint.com - 15 Nov 2018 06:33
Flipkart in uncharted territory under Walmart Binny Bansal's abrupt resignation aside, Walmart is affecting several managerial changes at Flipkart and has even rolled Myntra and Jabong into the parent firm
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On Nov. 15, Bitcoin Cash, the most famous hard fork of bitcoin and the fourth largest cryptocurrency, will itself hard fork.
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Victoria's Secret CEO out amid sagging sales

New York Post - 15 Nov 2018 06:41
Victoria's Secret CEO out amid sagging sales The boss of Victoria's Secret just got her wings clipped. Jan Singer, the chief executive of the struggling lingerie giant, has reportedly resigned after a two-and-half-year stint plagued by sputtering sales and a market...
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The dollar weakened on Thursday against the pound and euro, which rose after Britain's prime minister won cabinet approval for her draft Brexit plan, although concerns about whether the proposal can clear parliamentary h...
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Helipads and airport lounges: The perks cities offered for Amazon's HQ2 In addition to the smaller incentives, Amazon is expected to reap more than $2 billion in tax incentives between the two winners.
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Hank Paulson and Wang Qishang illustrate a superpower divide IF YOU WANT to understand the commercial relationship between America and China, it is worth tracking the paths of two powerful people who have dedicated their careers to it: Henry Paulson, a tough-as-nails former head o...
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Berkshire Hathaway plowed $13 billion into bank stocks in the third quarter that included new investments in JPMorgan and PNC and additional investments in Bank of America and Goldman Sachs.
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Warren says leveraged lending lapses invite new crisis

American Banker - 15 Nov 2018 19:17
Sen. Elizabeth Warren said regulators are failing to respond to what she thinks could be a new meltdown in the making: the trillion-dollar market for leveraged loans.
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The Federal Reserve has raised interest rates to a level that's now starting to put the bite on asset prices, says billionaire investor Ray Dalio in a television interview on Thursday.
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AP Exclusive: Walmart US CEO talks technology, workers AP Exclusive: Walmart's U.S. Chief Greg Foran talks technology, workers and the holiday season
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Having 'The Talk' about college costs with your teen

Miami Herald - 15 Nov 2018 19:08
A four-year journey to decide where to go to college ended for Sofie Adams when a college recruiter approached her after a softball game and asked, "Do you want to …
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Walmart shoppers flock there for toys, groceries, boosting sales heading into holidays Walmart reports higher sales, in store and online, as it heads into the all important holiday season.        
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When Walmart's Greg Foran took over as CEO of the discounter's U.S. division four years ago, he found messy stores with lots of items that were frequently out of stock. …
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Walmart flexes its muscle against Amazon

Miami Herald - 15 Nov 2018 18:53
Walmart, armed with grocery and other online services, is proving it can do battle with Amazon. The world's largest retailer delivered strong third-quarter results Thursday, extending a streak of sales …
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U.S. stocks opened lower on Thursday, with hopes of a trade negotiation between the United States and China being offset by mixed results from retailers and a slide in growth stocks including Facebook and Amazon.com Inc ...
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Aston Martin ready to fly car parts to UK if Brexit deal collapses Carmaker pursues 'no deal' contingency plans as third-quarter sales nearly double Aston Martin is ready to fly car parts into the UK next year and switch to new supply routes across the channel to ensure it can keep prod...
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Brexit: Scottish fishing industry calls for clarity Fishing leaders, skippers and traders are seeking more specifics on the draft agreement on leaving the EU.
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Economists at the University of Michigan say in an annual forecast that effects of federal spending and tax cuts on U.S. economic growth will start to diminish in 2019 before …
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Survey: Remote Workers Are More Disengaged and More Likely to Quit

Harvard Business Review - 15 Nov 2018 18:00
Fewer face-to-face interactions leads to less commitment.
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Powell sees potential threats from global slowdown

Miami Herald - 15 Nov 2018 05:27
Federal Reserve Chairman Jerome Powell said Wednesday that the U.S. economy is performing well but he's eyeing potential risks ahead. Those include a slowdown in global growth, the fading impact …
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Magic Leap announced details of its indie creator funding program, which will give grants from $20,000 to $500,000 for apps for the Magic Leap One glasses.
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