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Business News

Location American Business News for 30 November 2018

Bestival owes London Grammar £175,000

BBC - 30 Nov 2018 14:45
Bestival owes London Grammar £175,000 The band are part of a list of creditors filed by the festival in its administration papers.
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Before You Invest in Mexico, Read This

Barron's - 30 Nov 2018 21:52
Before You Invest in Mexico, Read This Andrés Manuel López Obrador, the nation's new leader, must deal with migrants on the border and potentially budget-busting legislative proposals. Is he up to the task?
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Former Autonomy CEO is charged with fraud tied to Hewlett-Packard deal Michael Lynch, a British entrepreneur and former chief executive of Autonomy Corp., was criminally charged with fraud by the United States tied to the British software maker's 2011 acquisition by Hewlett-Packard Co. Pros...
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China and the United States can reach a trade agreement at the G20 meeting in Argentina this week, the state-run China Daily newspaper said in an editorial on Friday, but Washington must be "fair minded" if it wants to d...
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Holiday's hot toys already in short supply at big-box retailers The disappearance of Toys 'R' Us has left a big, empty hole in the US toy industry -- and retailers are already falling behind in a scramble to fill it. Toy supplies at Walmart, Target and Amazon are looking spotty six m...
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Oil prices firmed on Friday as traders expected OPEC and Russia to agree on production cuts next week, although swelling U.S. supplies kept markets in check.
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Venezuela's socialist president boosted the minimum wage 150 percent Thursday to combat what he called an economic war being waged by the United States as he compared U.S. President Donald …
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Samsung Electronics Co Ltd said on Friday it would cancel 4.9 trillion won ($4.4 billion) worth of its shares.
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Are You An Imitator Or An Initiator?

Forbes - 30 Nov 2018 22:04
Are You An Imitator Or An Initiator? Eye-opening research suggests ways for us to become effective idea initiators, rather than imitators.
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CECL will strengthen, not hinder, financial system

American Banker - 30 Nov 2018 17:23
Banks have criticized the new accounting standard, but it would likely soften future bubbles and reduce subsequent credit crunches by requiring that reserves be held upfront when loans are made.
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The new CEO is trapped in the same feedback loop of negative news, rising funding costs and declining revenue that foiled his predecessor.
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European Union risks an economic crisis as well as a political one.
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The leaders of the world's top economies gathered in Argentina on Friday for talks overshadowed by a U.S.-China trade war that has roiled global markets, bracing for the kind of geopolitical drama U.S. President Donald T...
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The United States, Canada and Mexico signed a North American trade pact on Friday, and President Donald Trump predicted an easy passage through U.S. Congress to approve the deal, despite opposition from some lawmakers.
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Stocks waver before trade meeting; oil prices fall again Stocks are little changed ahead of a meeting between President Donald Trump and Chinese President Xi Jinping, where investors hope to see signs of progress in the U.S.-China trade dispute
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U.S. stocks treaded water on Friday heading into a U.S.-China trade meeting on the sidelines of the G20 Summit, whose outcome would decide the fate of the ongoing trade dispute that has roiled financial markets.
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JetBlue will gift wrap you and deliver you for the holidays The season of giving is upon us, and there’s nothing better you could give than yourself! Buzz60's Maria Mercedes Galuppo has more.        
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Marriott says as many as 500 million Starwood guests' data may have been breached Marriott says a data breach allowed access to a database of information on as many as 500 million customers who have stayed at a Starwood property.        
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Could Your Small Business Use an Autonomous, Wireless Underwater Drone? The iBubble underwater drone now captures your experience hands-free and underwater. What can your small business do with this tool?
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A U.S. appeals court on Friday upheld a roughly $140 million jury verdict in favor of Sprint Corp in its lawsuit accusing Time Warner Cable Inc, part of Charter Communications Inc, of using patented technology without au...
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Bank of England defends £100,000 summer party

The Guardian - 30 Nov 2018 16:51
Bank of England defends £100,000 summer party London bash for staff and families was budgeted for carefully, Bank says The Bank of England has defended spending £100,000 on its summer party, saying it "carefully budgeted" for the lavish event. The governor, Mark Ca...
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Key player in $19M stock fraud scheme gets 3 months

Miami Herald - 30 Nov 2018 16:49
A key player in a stock fraud scheme that cheated about 12,000 investors out of $19 million has been sentenced to three months in prison. Federal prosecutors in Connecticut say …
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