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Business News

Location American Business News for 21 November 2018
Zuckerberg says he hopes Sandberg stays on as COO Zuckerberg also told CNN that he has no plans to leave his chairman job, and he said some journalists who cover Facebook have a "different world view."
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Carlos Ghosn will remain Renault CEO despite being detained Renault's board said Tuesday that Carlos Ghosn will remain as the French automaker's chairman and chief executive while he is detained in Japan on claims he misused Nissan assets. After a meeting, the board said it appoi...
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Oil prices on Wednesday clawed back some of the previous day's more than 6 percent plunge, lifted by a report of an unexpected decline in U.S. commercial crude inventories as well as record Indian crude imports.
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Correction: Chevron-Ecuador-Lawyer story

ABC News - 22 Nov 2018 01:57
Correction: Chevron-Ecuador-Lawyer story Correction: Chevron-Ecuador-Lawyer story
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Chase to bring offers to Chase Pay app

American Banker - 21 Nov 2018 21:07
Chase is planning to enable users of the Chase Pay app to receive and redeem custom offers from merchants, in addition to the ability to find offers from more than 150 merchants through the Chase Mobile app.
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Facebook Inc.'s difficult year is taking a toll on employee morale, with several key measures of internal sentiment taking a sharp turn for the worse over the past year, according to people familiar with the matter and m...
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US durable goods orders fall 4.4 percent in October US durable goods orders drop 4.4 percent in October with business investment weak for third month
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Ikea to cut 350 UK jobs as it refocuses on small outlets and online Retailer says it will create 11,500 new jobs by developing smaller inner city outlets Ikea is cutting 7,500 office jobs worldwide, including 350 in the UK, as it focuses on improving its online operation and city centre ...
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Dolce & Gabbana cancels Shanghai show after ad campaign and founder's Instagram DMs mocked Chinese culture Dolce & Gabbana/Instagram Dolce & Gabbana launched an ad campaign featuring a Chinese model eating traditional Italian food with chopsticks. When a woman called out the campaign, the fashion house's cofounder Stefano Gab...
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Swedish home furnishings giant Ikea said the biggest retailer within its franchise system is to create a net 4,000 jobs over the coming two years as it expands its online …
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Sherpa Capital employees are starting a new hedge fund

New York Post - 21 Nov 2018 07:21
Sherpa Capital employees are starting a new hedge fund The Silicon Valley hedge fund that was thrust into scandal last year when its billionaire co-founder Shervin Pishevar was accused of sexual misconduct has decided to find another way. Sherpa Capital's employees will be w...
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Trump Irish resort loses money for fourth consecutive year The Irish golf club that Donald Trump's company predicted would turn a profit has posted losses for a fourth year in a row.
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Now, China opposes global e-commerce rules

livemint.com - 21 Nov 2018 21:21
Now, China opposes global e-commerce rules China issued strong statement opposing attempts to develop rules on sensitive issues of e-commerce
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European stocks trade higher a day after a global drubbing for equities as investors cheer up a day ahead of the U.S. Thanksgiving Day holiday.
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U.S. financial markets are closed on Thursday for the Thanksgiving Day holiday. But the market has another reason to be thankful on Friday.
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Amazon could give the Gateway Project the momentum it needs, advocates say.
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A sharp drop in the price of oil is sending ripples through the global economy, lending more spending power to consumers -- particularly for Americans' big holiday shopping spree -- …
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Bombardier to axe 490 Belfast jobs in costs drive Bombardier has announced that 490 jobs will go in Belfast as part of efforts to cut costs and focus investment worldwide.
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Bet365 founder paid herself an 'obscene' £265m in 2017 Denise Coates took home more a third of the betting firm annual profit in record salary Denise Coates, the multibillionaire founder and boss of gambling firm Bet365, paid herself £265m last year in a record-breaking pay...
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Elon Musk's SpaceX is the latest big tech company to tap the risky leveraged loan market Kevork Djansezian/Getty Images SpaceX, one of Tesla CEO Elon Musk's major business ventures, tapped the risky leveraged loan market. The $250 million deal received a mixed reception from investors given SpaceX's cash bur...
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10 things you need to know before the opening bell

Business Insider - 21 Nov 2018 16:25
10 things you need to know before the opening bell Leah Millis/Reuters Here is what you need to know. President Donald Trump issues a lengthy defense of Saudi Arabia over the killing of the Saudi journalist Jamal Khashoggi. In a statement Tuesday, Trump signaled he did n...
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Nissan's Ghosn to Spend at Least 10 More Days in Custody

The New York Times - 21 Nov 2018 16:11
Nissan's Ghosn to Spend at Least 10 More Days in Custody Though not charged with a crime, the powerful auto executive could stay in detention even longer under Japanese law, likely in spare conditions.
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