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Business News

Location American Business News for 26 November 2018
More staff hired in shrinking pub industry Employment in the sector is growing even though a quarter of pubs have closed since 2008, figures show.
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After China, Actis planning to set up data centres in India Actis is building the world's largest non-governmental data centre outside Beijing and is eyeing similar opportunity in India amid implementation of RBI norms on data localization
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Nissan Motor Co Chief Executive Hiroto Saikawa told employees on Monday that the Japanese automaker's relationship with French partner Renault SA was "not equal" and needed to be reviewed, Kyodo News reported, citing an ...
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Wall Street bounced back on Monday as bargain hunters returned in force after last week's sell-off and expectations of a flurry of holiday cyber-spending drove up shares of retailers.
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The Dow jumps more than 350 points amid expectations for a historic Cyber Monday Reuters / Lucas Jackson All three major US indices jumped on what was expected to be a historic Cyber Monday. Concerns about the prospect of slowing demand and rising rates have pummeled equities in recent months. Follow...
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Synovus hires Renasant CIO as tech boss

American Banker - 26 Nov 2018 22:07
Zack Bishop has experience in blending the systems of merged banks, according to Synovus, which this summer announced its first whole-bank deal in more than a decade.
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Diamond & Silk, the pro-Trump YouTubers-turned-conservative-stars, will get their own commentary show on Fox Nation, Fox News’ new streaming service,...
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Oil prices rose about 3 percent on Monday, clawing back some of the previous session's steep losses, although gains where capped by uncertainty over global economic growth and further signs of increasing supply, includin...
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Canadian Prime Minister Justin Trudeau on Monday expressed his "deep disappointment" in General Motors Co's decision to close its Oshawa plant, a move Canadian officials only learned about on Sunday and which led workers...
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Saudi Aramco will expand its market share in Asia despite likely OPEC limits on output next year, and is eyeing deals in China and Africa as it aims to become a global leader in chemicals, the head of the world's top oil...
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The steep plunge in crude futures in the last few weeks was triggered by a nascent glut as supply-growth started to outpace demand, but it was also part of a broader pullback from risky emerging market assets such as Asi...
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How the airline industry is cleaning up its climate act Aviation is one of the most polluting industries on the planet–but a groundswell of innovation in alternative fuels, and investments from major airlines, could set it on a path to carbon zero. At a steel mill outside B...
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Cash-strapped Venezuela settled a $1.2 billion arbitration claim that will prevent a creditor from stripping away its crown jewel foreign asset, the U.S.-based Citgo Petroleum Corp refining business, according to Canadia...
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The Scariest Economic Chart In The World Right Now May Come From China China's economy was already under pressure before it became the preferred target of Donald Trump's deepening trade wars.
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General Motors Co said on Monday it will cut production of slow-selling models and slash its North American workforce because of a declining market for traditional gas-powered sedans, shifting more investment to electric...
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Cyber Monday was on track to bring in a record $7.8 billion in U.S. online sales, as millions of shoppers scoured for steep discounts on everything from Lego sets to big-screen TVs.
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Connecticut group applies for national bank charter

American Banker - 26 Nov 2018 22:07
Nexos National Bank would be led by Gordon Baird, a former Citi executive. A former New York banking commissioner is set to join the proposed bank's board.
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Juul sues Chicago-area companies for allegedly selling 'copycat' e-cigarette cartridges Leading e-cigarette-maker Juul, which is under fire for its popularity with teens, has filed patent infringement lawsuits against several Chicago-area companies for allegedly manufacturing, importing and selling cheaper ...
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Deutsche Telekom will win unconditional EU antitrust approval to buy Tele2's Dutch business, sources familiar with the matter said on Monday, sending telecoms shares higher on hopes of more flexible regulation on consoli...
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British Airways retires its last Boeing 767 widebody jet The final Boeing 767 still in service at British Airways completed its last flight on Sunday, completing a round trip from London Heathrow to Cyprus.        
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Ohio becomes first state to accept bitcoin for tax payments Ohio businesses now can pay their taxes with check, money order and ... bitcoin.        
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UK parliament seizes confidential Facebook documents

New York Post - 26 Nov 2018 17:11
UK parliament seizes confidential Facebook documents LONDON -- Britain's parliament has seized confidential Facebook documents from the developer of a now-defunct bikini photo searching app as it turns up the heat on the social media company over its data protection polici...
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