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Business News

Location American Business News for 3 January 2019
Apple Stock Is Getting Creamed After CEO Tim Cook Said iPhone Sales Are Slipping Cook blamed China's weak economy, among other factors
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The spy who hired me

The Economist - 3 Jan 2019 18:31
The spy who hired me THE NEW YEAR is the moment when people vow to improve their fitness. They join gyms, swear off alcohol and adopt detox diets. These resolutions usually do not last beyond January. But some employers try to help their wor...
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A timeline of Apple’s six-month fall

Fast Company - 3 Jan 2019 17:13
A timeline of Apple’s six-month fall Apple is on the decline, and investors are panicking. Early this morning, Apple’s stock took its biggest one-day drop in five years after being the world’s first trillion-dollar company last August. But stock value i...
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The Latest on the start of the North Dakota legislative session (all times local): ___ 11:30 a.m. North Dakota Chief Justice Gerald VandeWalle (VAN'-duh-wall) wants state lawmakers to add one …
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ARM sharpens digital eyes for surveillance cameras

Venture Beat - 3 Jan 2019 16:00
Arm has designed a sharper digital eye for intelligent devices such as surveillance cameras: the Arm Mali-C52 and Mali-C32 image signal processors.
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America’s super wealthy gave fewer big dollar donations in 2018 Major giving is down big after a spike in 2017. In 2018, the top 10 largest charitable gifts from ultra-rich donors added up to $5.8 billion. That’s far less than what was given by the same set in 2017, when the top co...
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Why banks should stress-test for climate change

American Banker - 3 Jan 2019 05:08
Bank portfolios are chock full of loans to industries -- think agriculture, tourism, real estate and energy -- that could be particularly hard hit by warming temperatures. Some large banks are engaging in "scenario analy...
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U.S. stock futures fell on Thursday after a rare revenue warning from Apple Inc added to worries about slowing global growth, but a move by China's central bank to help struggling smaller firms lifted shares there, cushi...
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ShopRite kicks Can Can girls ad to the curb

New York Post - 3 Jan 2019 04:43
ShopRite kicks Can Can girls ad to the curb ShopRite's Can Can dancers may have kicked it for good. The grocery chain's 49-year-old "Can Can" advertising blitz, which hawks deep discounts on canned goods at its 300 stores, launched this week without its signature ...
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All-Star right-hander Charlie Morton could earn $45 million over three seasons with the Tampa Bay Rays if he doesn't have lengthy injury problems the next two years and the team …
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Technology stocks sink 5 percent, their worst day in seven years, after Apple says iPhone sales slump in China Technology stocks sink 5 percent, their worst day in seven years, after Apple says iPhone sales slump in China
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DoorDash Jumps on the Autonomous Delivery Bandwagon Delivery company DoorDash is partnering with self-driving car company Cruise to test food and grocery delivery early this year via an autonomous vehicle in San Francisco. A rep said the company will start with one vehicl...
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Conservatives up in arms about Ocasio-Cortez getting footloose It takes very little to get the newly sworn-in representative’s critics riled up. The latest source of agitation? A video from when she was in high school. A government figure is raising eyebrows because of their behav...
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Bristol-Myers to buy cancer drug maker Celgene for $74B Bristol-Myers Squibb said on Thursday it would buy Celgene Corp. for about $74 billion, creating a major pharma company with several blockbuster cancer drugs as competition in the immunotherapy space heats up. Bristol-My...
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Dow suffers early slide after Apple slashes sales outlook, spooking investors The Dow is under pressure after Apple lowers its quarterly sales outlook due to slowing iPhone sales in China, spooking stock market investors.        
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Wall Street shares tumble after Apple warning

Sky News - 3 Jan 2019 16:31
Wall Street shares tumble after Apple warning Wall Street stocks have slid sharply in the wake of a warning from Apple that its revenues would fall short because of a slowdown in China.
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BMW posts 13% sales growth to 11,105 units in 2018

livemint.com - 3 Jan 2019 16:01
BMW posts 13% sales growth to 11,105 units in 2018 The BMW brand sold 10,405 units in 2018 as against 9,379 units in 2017, a growth of 11 per cent, while Mini posted a growth of 66 per cent to 700 units as compared with 421 units in the previous year, BMW Group India sai...
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This pot stock could be like buying Amazon for $3.19 A little-known Canadian company just unlocked what some experts think could be the key to profiting off the coming marijuana boom.        
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The $16,728 Social Security bonus you can’t afford to miss Social Security isn’t a decision you can afford to get wrong.        
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Brexit ferry firm Seaborne in terms and conditions gaffe Government defends Seaborne after it uses terms apparently intended for a takeaway food firm.
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Apple alert raises fresh questions for tech giant Apple's shock cut to its sales forecast is a dramatic move that has raised more questions than answers.
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Charter Spectrum-Tribune dispute causes TV channel blackout that hits millions across US About 6 million subscribers in L.A., New York, Denver and 20 other markets have lost TV channels in a dispute between Charter and Tribune Media.        
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