Business News
Shutdown has farmers and their lenders sweating
American Banker - 14 Jan 2019 20:08
The impasse has halted grant and loan applications and frozen many farm subsidies just weeks ahead of planting season.
Facebook Just Began Testing a Way to Share Events via Stories
AdWeek - 14 Jan 2019 17:00
Facebook will begin testing a new way to combine two features it has been bullish on in recent months: Stories and events. Some users in the U.S., Mexico and Brazil will see a new option in evens, Share to Your Story, en...
Factbox: Huawei's challenges in Europe mount after Polish arrests
Reuters - 14 Jan 2019 16:59
China's Huawei Technologies [HWT.UL], the leading global supplier of telecoms network equipment, faces questions over its access to European markets after the arrest of a sales executive in Poland on suspicion of spying.
China's exports shrink most in two years, raising risks to global economy
Reuters - 14 Jan 2019 12:01
China's exports unexpectedly fell the most in two years in December, while imports also contracted, pointing to further weakness in the world's second-largest economy in 2019 and deteriorating global demand.
Asian shares falter from 1-1/2-month highs, markets wary about China data
Reuters - 14 Jan 2019 04:53
Asian shares turned down on Monday as China trade data started trickling in and as investors looked to key corporate earnings later in the week to take the pulse of a cooling global economy.
China 2018 trade growth slowed as US trade battle heated up
Miami Herald - 14 Jan 2019 04:51
China's trade growth slowed in 2018 as a tariff battle with Washington heated up and global consumer demand weakened. Exports rose 7.1 percent, customs data showed Monday, down from the …
CapitaLand leads Singapore REIT consolidation with $4.4 billion purchase from Temasek
Reuters - 14 Jan 2019 04:32
Singapore's CapitaLand is buying the owner of a clutch of real estate investment trusts from state investor Temasek [TEM.UL] for about $4.4 billion, a deal the developer said would create the largest diversified property...
The Wall Street Journal: Gymboree expected to file for bankruptcy, liquidate all its stores
Market Watch - 14 Jan 2019 03:13
Children's clothing retailer Gymboree Group Inc. is expected to seek bankruptcy protection this week, with plans to close all 900 of its stores, according to people familiar with the matter.
Bankruptcy possible for California utility after wildfires
Miami Herald - 14 Jan 2019 00:59
A newspaper says employees of Pacific Gas and Electric could learn this week if the utility will declare insolvency while facing billions of dollars in liability over its role in …
Citigroup adjusted profits rise by 9 percent, beats estimate
USA Today - 14 Jan 2019 17:06
Citi said Monday it earned $4.31 billion, or $1.64 per share, in the last three months of 2018. The results beat analysts’ estimates.
Supreme Court rejects appeal over military burn pits
Miami Herald - 14 Jan 2019 17:02
The Supreme Court is rejecting appeals from military veterans who claim they suffer health problems because of open burn pits in Iraq and Afghanistan. The justices on Monday left in …
Markets Right Now: Stocks open lower on Wall Street
ABC News - 14 Jan 2019 16:44
Stocks are opening lower on Wall Street after China reported a surprise drop in exports to the U.S. last month.
If UK Parliament rejects May's Brexit deal, what's Plan B?
Miami Herald - 14 Jan 2019 16:39
British Prime Minister Theresa May's Brexit divorce deal may not be, as one opposition lawmaker called it, "as dead as the deadest dodo," but it is definitely ailing. It looks …
Wall Street opens lower after Citi results, China trade data
Reuters - 14 Jan 2019 16:34
U.S. stocks opened lower on Monday in broad-based declines after Citigroup posted an unexpected fall in revenue, adding to fears of a sharper slowdown in global economic growth that resurfaced after data showed an unexpe...
Stock Market Tantrums Are Over, But For How Long?
Forbes - 14 Jan 2019 16:34
Equities have been behaving like a recession is looming. That dire outlook seems overdone. While major global stock markets were battered in 2018 - and even the initially resilient U.S. Standard & Poor's (S&P) 500 stumbl...
Finance From The Fountain Illustrates Italian Illiquidity
Forbes - 14 Jan 2019 16:31
The problems of Italian sovereign debt are well known. One should be concerened about the financial fragility of its crumbling capital.
PG&E stock nosedives after it says it will file for bankruptcy
New York Post - 14 Jan 2019 16:27
PG&E Corp., the biggest US power utility, said on Monday it is preparing to file for Chapter 11 bankruptcy for all of its businesses as it faces potentially crushing liabilities linked to catastrophic wildfires in 2017 a...
Payday Poverty And Financial Fitbits: How Wagestream Is Eradicating Post-Christmas Number Crunching
Forbes - 14 Jan 2019 16:27
Wagestream, the financial wellbeing fintech startup, has revealed that Christmas debt cripples 50 percent of the British population. This coincided with research from the Joseph Rowntree Foundation (JRF) which identified...
How parents talk about money differently to their sons and daughters
Fast Company - 14 Jan 2019 10:00
Girls are taught to save their money, while boys are taught how to build their wealth. Our parents are often our first teacher and most lasting example of how to manage money. A new study, however, suggests that parent...
Why Privacy Standards Need to Catch Up With the Rapidly Advancing Internet of Things
AdWeek - 14 Jan 2019 03:00
In his day job, Peter Bihr is a strategic consultant who provides big tech companies and the occasional government with policy work, research and product advice around Internet of Things (IoT) technology and other emergi...
North Carolina crews still working on power after ice, sleet
Miami Herald - 14 Jan 2019 02:04
Utility crews worked late into Sunday to restore power to western North Carolina residents and businesses that lost electricity due to freezing rain and sleet this weekend. Duke Energy and …
Zenith Welcomes Matt James as New Global Brand President
AdWeek - 14 Jan 2019 20:26
Publicis media agency Zenith welcomed a new lead for its global network. Matt James joins Zenith as global brand president, tasked with setting its global brand strategy and uniting its offices around the world around hi...