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Business News

Location American Business News for 7 December 2018
Google is ditching support for Android 4.0 Ice Cream Sandwich, meaning that app developers should update their apps to support a minimum of API level 16.
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Lance Armstrong is poised to become a billionaire despite doping downfall There was a time when Lance Armstrong's downfall in cycling was going to not only equal a lifetime of shame -- but also financial hardship. Faced with lawsuits seeking tens of millions of dollars in damages for his fraud...
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NYSE is accused of letting Morgan Stanley make after-hours trade At the New York Stock Exchange, some traders are more equal than others. That's the bitter takeaway from stock brokers, who say the Big Board, in an unusual move last week, gave special treatment to a broker at Morgan St...
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Economy added disappointing 155,000 jobs in November The economy added tepid 155,000 jobs in November. Economists expected 199,000 gains.        
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WATCH: General Motors under fire

ABC News - 7 Dec 2018 04:00
WATCH: General Motors under fire Members of Congress from Ohio, Michigan and Maryland, met with GM and asked how they plan to protect the workers when layoffs are implemented.
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Fiat Chrysler Plans to Make New Jeep in Detroit, Adding Jobs

The New York Times - 7 Dec 2018 03:00
Fiat Chrysler Plans to Make New Jeep in Detroit, Adding Jobs The automaker's move reflects the continuing American taste for big vehicles in a period of low gasoline prices.
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With the Economy Uncertain, Tech 'Unicorns' Rush Toward I.P.O. Faced with a choppy stock market and fears of an economic downturn, Uber and Lyft are moving toward the public markets as other private tech companies also get ready.
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How crisps became a million dollar idea The BBC's Aaron Heslehurst explains how crisps became a million dollar idea.
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The University of Michigan on Friday said its consumer-sentiment index in December was unchanged at 97.5, keeping most of the gains upbeat consumers have registered over the last two years.
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The Latest: OPEC agrees to cut in oil production

Miami Herald - 7 Dec 2018 17:14
The Latest on the OPEC oil meeting (all times local): 4 p.m. Iraq's representative in OPEC says the oil cartel has agreed to a proposal that will see global oil …
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Bitcoin's value has plunged by three-quarters this year, sending the original and biggest cryptocurrency back to levels not seen before its bubble. And price isn't the only aspect of trading that has changed.
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The still-expanding economy created 155,000 new jobs in November to keep the unemployment rate at a 49-year low, a reassuring sign amid fresh worries over whether a nine-and-a-half-year-old expansion is starting to wobbl...
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Fine Wine Investing Counters Volatility Of 'Stock-Denominated' Portfolios Fine wine investment can serve as a hedge against traditional stocks and shares at times of volatility. A recent new report highlights the performance of wines as a "low volatility" defensive and alternative asset class ...
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Broadband users overpaying up to £220 a year by not haggling Most firms don't reward loyalty with older people overpaying the most, says Which? Broadband customers who fail to shop around at the end of their initial contract or haggle for a better deal from their supplier are over...
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Marlboro maker enters marijuana business

CBSNews - 7 Dec 2018 16:55
Altria, parent company of Philip Morris, dives into cannabis trade with $2.4 billion investment in Canadian marijuana company
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Vanilla-Flavored Jobs Report Seems to Settle Market After Volatile Week We arguably got the perfect jobs report for a crazy week, with little in it that has any chance of changing expectations for the bond market. Job growth was a bit under expectations, and that could help ease any fears of...
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Amazon Go mulls putting checkout-free stores in airports Amazon is looking at bringing its futuristic checkout-free store format to airports in an effort to win business from hungry, time-pressed travelers, according to public records and a person familiar with the strategy. T...
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Analysts Expect 12% Upside For The Holdings of The iShares U.S. Medical Devices ETF For the iShares U.S. Medical Devices ETF, we found that the implied analyst target price for the ETF based upon its underlying holdings is $235.55 per unit.
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U.S. employers added 155,000 jobs in November, a slowdown from recent months but enough to suggest that the economy is expanding at a solid pace despite sharp gyrations in the …
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Airbnb says is has collected $1 billion in taxes on behalf of hosts over the past four and a half years, across North America, Europe, and elsewhere.
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Omnicom Executive Mainardo de Nardis Is Stepping Down After 38 Years in the Agency World Mainardo de Nardis, executive vice chairman of Omnicom Media Group, announced to employees this morning that he will be stepping down from his position and leaving the holding company world after nearly 40 years. Last Se...
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As aerospace giants grow, suppliers find 'their largest customer may be their largest competitor' With $93 billion in 2017 revenue and 141,000 employees, Boeing Co. was massive enough. But over the last year, the aerospace giant has steadily expanded beyond its traditional expertise in commercial jets, big satellites...
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