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Business News

Location American Business News for 20 December 2018

Willy Wonka and the Medical Software Factory

The New York Times - 20 Dec 2018 21:44
Willy Wonka and the Medical Software Factory The engineers at Epic Systems work on a campus full of childish whimsy but also sit in on open-heart surgery. Is this the indulgence of an oddball founder, or a better way to run an I.T. company?
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Powell's Bet: The Data Is Right, the Market Is Wrong

Wall Street Journal - 20 Dec 2018 03:03
Powell's Bet: The Data Is Right, the Market Is Wrong The Federal Reserve's decision to raise interest rates and signal more coming, albeit fewer than before, shows Chairman Jerome Powell cares much more about the data than the markets.
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The art of the mileage run: Where airline miles make the trip Many frequent-flyers take an extra trip, one that’s simply to earn miles to upgrade to the next status tier before the mile-earning counter resets.        
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The 10 Biggest Brand Revamps of 2018

AdWeek - 20 Dec 2018 14:00
The 10 Biggest Brand Revamps of 2018 When it comes to looks, some of the biggest brands aren't ending 2018 the way they started it. This year saw several rebrands: from the extreme, which included name changes and unrecognizable logos, to more subtle faceli...
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Mutual funds can give higher returns than FDs, real estate, gold Investing in a mutual fund portfolio that is well-diversified across asset classes has a better chance of giving a higher return than other investment options such as real estate, gold or fixed deposits
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Will industry get what it wants on CECL?

American Banker - 20 Dec 2018 21:07
Detractors are suddenly hopeful that the controversial accounting standard could be delayed or altered after FSOC's longer-than-expected closed session on the issue.
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Rates for home loans fell, marking two straight months of declines, and may have farther to go, which would help support housing market activity.
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Oil prices fell more than 4 percent on Thursday, hitting their lowest in more than a year on worries about oversupply and the outlook for energy demand as a U.S. interest rate rise knocked stock markets.
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Accenture revenue rises 7.4% in the first quarter

livemint.com - 20 Dec 2018 14:05
Accenture revenue rises 7.4% in the first quarter Accenture's net income rose to $1.28 billion, or $1.96 per share, in the first quarter ended 30 November from $1.12 billion, or $1.79 per share
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Oil prices fell on Thursday to erase most of their gains from the day before, resuming declines seen earlier in the week amid worries about oversupply and the outlook for the global economy.
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Lower Oil Prices Could Boost Modi In 2019

Forbes - 20 Dec 2018 03:29
Lower Oil Prices Could Boost Modi In 2019 Lower oil prices could boost Modi's chances to be re-elected in 2019, provided that his administration is doing things right this time around.
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Transparency of Puerto Rico Bankruptcy Is the Aim of a New Bill House lawmakers introduced a bill to clarify Promesa, the bankruptcy-like law governing Puerto Rico's restructuring, after a New York Times report on one company's dual role.
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Nike said revenue grew in nearly every category, with footwear and apparel seeing growth in the double digits globally. Digital sales led growth across both the Nike and Converse brands.
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ExxonMobil shelves Canada LNG export project

Reuters - 20 Dec 2018 17:07
U.S. oil major ExxonMobil has withdrawn its WCC liquefied natural gas (LNG) export project in Canada from an environmental assessment, it said on Thursday, effectively signaling that the project has been shelved.
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A court in Germany has sided with chipmaker Qualcomm in a patent dispute with Apple that could see sales of older iPhone models halted. The Munich regional court ruled Thursday …
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Altria Group said Thursday it invested $12.8 billion in cash in Juul Labs Inc., giving it a 35% stake in the e-cigarette firm and helping add to its portfolio outside of regular cigarettes.
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10 things that will make 2019 your most productive year yet Keep those resolutions on track        
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Day After: Market Near 2018 Lows After Fed Hike As Economic Worries Persist The Fed arguably had little choice except to raise rates yesterday, because if it hadn't, there might have been an even bigger market flop as people wondered what signs of economic weakness it had seen.
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Marlboro maker Altria buys one third of Juul

CBSNews - 20 Dec 2018 16:47
The company behind Marlboro cigarettes makes investment that values all of vape company Juul Brands at $38 billion
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The maker of Budweiser is partnering with Tilray to explore pot-infused drinks Anheuser-Busch InBev and Tilray announced theyare each investing $50 million into researching non-alcoholic drinks that contain cannabis elements.        
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U.S. stocks open lower on Fed disappointment

Reuters - 20 Dec 2018 16:35
U.S. stocks fell at open on Thursday, extending losses from the previous session after the Federal Reserve's forecast of fewer interest rate increases in 2019 fell short of investors' hopes of a more dovish monetary poli...
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No Sleeping Central Bank In Stockholm As Swedes Raise Rates The Swedish Central Bank surprised the markets by hiking rates today. It sees Swedish companies reporting major shortages of labour and cost pressures are rising.
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