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Business News

Location American Business News for 1 December 2018
Apple says no settlement talks with Qualcomm; San Diego federal judge sets trial date A jury trial in Qualcomm Inc.'s wide-ranging legal war with Apple Inc. has been set to begin April 15 in San Diego federal court, with a settlement looking unlikely. U.S. District Judge Gonzalo Curiel scheduled the trial...
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Ohio will soon be the first state to accept Bitcoin for taxes Thomson Reuters Ohio is becoming the first US state to accept the Bitcoin cryptocurrency for business tax payments. Ohio politicians have been open about their desire to be on the forefront of blockchain technology adopt...
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Quick loans hit a road block

livemint.com - 1 Dec 2018 08:44
Quick loans hit a road block When liquidity dries up in the system and demand continues to exist for credit, it has an impact on disbursements as well as interest rates.
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This Bear Market Requires 3 Analytical Adjustments Bear markets require analytical adjustments to evaluate properly
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Roll in dough, Tide! FanDuel sportsbook is paying out bets from people who picked Alabama to win the college football national championship -- over a month before the game will …
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Tesla factory is a hotbed of racism, former black employees claim Tesla's electric-car factory has become a cesspool of racist behavior, with black employees routinely getting subjected to discrimination and slurs, a new report claims. A half-dozen black employees at the automaker went...
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Don't Panic Over the Budget Deficit

Barron's - 1 Dec 2018 01:07
Don't Panic Over the Budget Deficit As long as real interest rates stay under control, there are good reasons to think the current level of government debt is too low
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European officials said that G20 nations had agreed to commit to reforming the World Trade Organization in a preliminary draft of the communique due to be released at the end of a two-day meeting of the bloc on Saturday.
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Kentucky's Republican-controlled legislature is eyeing more tax changes for 2019, including a proposal that would greatly benefit the banking industry. Kentucky taxes banks differently than other businesses. The Kentucky...
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Economic Double-Jeopardy: Too Big To Fail, Too Big To Hide A double-jeopardy emerges when a risk or disadvantage stems from two sources at the same time. Looking at the challenges with asset-liability management in many sectors gives clues for where systemic risk is currently hi...
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Another oil well is being drilled on a former industrial site owned by Indiana State University. The (Terre Haute) Tribune-Star reports that the Pioneer Oil Co. production well is near …
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Thousands are marching in Berlin to demand that Germany make a quick exit from using coal-fired energy, a day before a U.N. climate summit opens in neighboring Poland. Saturday's march …
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Marriott data breach: what consumers can do to protect themselves Experts say consumers can still take just a few simple steps to protect themselves.
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Justice Dept. Says McKinsey Hid Dual Roles to Profit From Bankruptcy A request to force the return of about $20 million in fees involves a coal company bankruptcy in which McKinsey was both an adviser and a creditor.
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The Latest on a Northern California wildfire (all times local): 5:30 p.m. State regulators are taking over an insurance company that can't pay out all expected claims after a massive …
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Billionaire investor David Einhorn told investors on Friday that losses at his hedge fund Greenlight Capital grew this month, leaving the fund down nearly 28 percent for the year.
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Why Woebegone GE Just Might Turn Around

Forbes - 1 Dec 2018 02:43
Why Woebegone GE Just Might Turn Around General Electric is in trouble. But big parts of it have a lot of promise. That's why GE may shine again some day.
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Yuhuang Chemical executives and its Georgia-based general contractor have been pressed for greater hiring opportunities for workers on a $1.5 billion methanol plant under construction in Louisiana. The Advocate reported ...
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Lending startup SoFi is said to be cutting 7% of staff as it revamps its mortgage unit Social Finance Inc., the lending and refinancing startup valued at more than $4 billion, is cutting about 7% of its staff, according to a person familiar with the matter. The 100 job cuts are happening in the company's m...
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Ikea rolling out a new addition to its 'meatball' lineup: Salmon balls Move over, Swedish meatballs. Ikea has added salmon balls to its "(m)eatball" lineup.        
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Trump's political future tied to GM news in Ohio Working-class voters in once-reliably Democratic northeast Ohio helped Donald Trump win the White House in 2016 with promises to bring back jobs. Whether they stick with him after the GM news could determine Trump’s po...
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Carlos Ghosn Can Remain in Tokyo Jail for 10 More Days

The New York Times - 1 Dec 2018 00:56
Carlos Ghosn Can Remain in Tokyo Jail for 10 More Days A Tokyo court gave prosecutors an extension as they investigate allegations of financial misconduct by Mr. Ghosn, the head of the Renault-Nissan alliance.
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