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Business News

Location American Business News for 18 January 2019

Veteran banker Cathy Nash leaves Woodforest

American Banker - 18 Jan 2019 22:08
The Texas bank disclosed that James Dreibelbis, a longtime Woodforest executive, succeeded Nash late last month.
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AT&T has announced that it is returning its ads to YouTube, nearly two years after pulling them after they appeared alongside extremist content.
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KeyCorp's deal for student lender raises eyebrows

American Banker - 18 Jan 2019 02:08
Executives at Key pushed back against doubts over a deal for Laurel Road Bank's digital lending platform so late in the credit cycle, arguing that its customers are prime borrowers with high incomes.
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The Things John Bogle Taught Us: Humility, Ethics and Simplicity Personal finance luminaries and everyday investors share lessons from the late Vanguard founder.
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Tribune Publishing Co. (TICKER:TPCO) Chairman and Chief Executive Justin Dearborn has stepped down, and said Timothy P. Knight will be CEO.
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Grand jury charges 4 Audi managers in emissions case A federal grand jury in Detroit has indicted four Audi engineering managers from Germany in a widening diesel emissions cheating scandal
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JPMorgan Chase & Co. Chief Executive James Dimon received a compensation package valued at $31 million in 2018, up 5% from $29.5 million in 2017, according to a Thursday securities filling.
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Netflix Inc. added more new subscribers than expected in the holiday season, but shares still declined after the company released its earnings report Thursday afternoon.
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McCann Ends 4-Year Battle Over U.S. Army Contract More than four years after the U.S. Army first announced that it would be reviewing its advertising business in November of 2014, McCann has dropped its final legal fight against the government, withdrawing a protest fil...
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Industrial production rose 0.3% in December, while manufacturing output jumped 1.1%, the highest in 10 months, the Fed said Friday.
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From what I saw at CES 2019, this may ultimately be remembered as the year computer vision products went mainstream. Here are some of the indicators.
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Costco may launch its own streaming service

USA Today - 18 Jan 2019 17:01
Costco may launch its own streaming service You might think of Costco as your go to place for shopping in bulk and getting yummy free samples. But in the future, you might start considering, Costco and chill? Susana Victoria Perez has more.        
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Tesla Inc said on Friday it would cut thousands of jobs to rein in costs as it plans to increase production of lower priced versions of its crucial Model 3 sedan, sending its shares down 7 percent.
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U.S. stocks rise Friday, pointing to the fourth-straight win for equities, as investors hang on to optimism over a report that Washington might ease trade tariffs on Beijing.
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This self-driving supermarket on wheels is coming to you You might hate going to the grocery store, but what if it came to you? Buzz60's Tony Spitz has the details.        
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U.S. stocks opened higher on Friday and were set for their fourth week of gains on hopes that a bitter trade war between the United States and China would be resolved and after upbeat monthly manufacturing data.
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US industrial production rose 0.3 percent in December US industrial production increased 0.3 percent in December, led by jump in manufacturing
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U.S. industrial production increased 0.3 percent in December, led by the biggest surge in manufacturing in ten months. The Federal Reserve says that that manufacturing output jumped 1.1 percent last …
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Use of bitcoin as a form of payment doubled in 2018 on darknet market sites, where users can buy anything from illegal drugs to fake IDs, even though the price of the cryptocurrency crashed, according to a study by data ...
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Pension Benefit Guaranty Corp (PBGC) is taking steps to assume responsibility for bankrupt retailer Sears Holdings Corp's two pension plans, covering about 90,000 people, the U.S. government agency said on Friday.
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Tesla to cut workforce by 7 percent, expects lower Q4 profit Tesla Inc. said Friday it would cut 7 percent of its workforce -- or some 3,400 jobs -- to rein in costs as it plans to increase production of lower-priced versions of its crucial Model 3 sedan, sending its shares down 7...
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Here's how to tell if that job offer is too good to be true Finding a job is tough, but before you shake hands, here's how to make sure you're making the right decision. Buzz60's Tony Spitz has the details.        
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