Business News
Big U.S. banks are letting stress tests make decisions for them
American Banker - 23 Jan 2019 17:21
78% of global banks now use regulatory stress tests to assess concentrations and set limits internally, according to a Deloitte survey to be released Wednesday. That's up from 67% in 2012. 87% of respondents said they us...
Netflix, Instagram team up for easier sharing of binge-watching recommendations
USA Today - 23 Jan 2019 16:41
The latest update of the Netflix app for Apple devices lets you share what you are watching via Instagram Stories.
Google, Facebook spend big on U.S. lobbying amid policy battles
Reuters - 23 Jan 2019 05:00
Alphabet Inc's Google disclosed in a quarterly filing on Tuesday that it spent a company-record $21.2 million on lobbying the U.S. government in 2018, topping its previous high of $18.22 million in 2012, as the search en...
McKinsey & Company Is Again Accused of Misdeeds in Bankruptcy Case
The New York Times - 23 Jan 2019 03:35
The consulting firm is the subject of another complaint by a retired turnaround specialist who accused McKinsey of working with a bankrupt company to improperly route its payments.
Saudi Arabia Ventures Into U.S. Natural Gas
Forbes - 23 Jan 2019 02:25
It makes perfect sense that Saudi Arabia is now looking into major U.S. natural gas investment.
Far Cry: New Dawn interview -- a clash of communities, a gulf of generations
Venture Beat - 23 Jan 2019 19:00
Far Cry: New Dawn is more than just a spinoff of Far Cry 5. Narrative designer Olivia Alexander of Ubisoft Montreal discusses its clash of communities.
The Power Of Purpose: How The Heart Series Is Inspiring Los Angeles
Forbes - 23 Jan 2019 18:00
One of the highlights of the year for social entrepreneurs in Los Angeles is the annual Heart Series conference which brings together thought-leaders in the space for two days of talks, workshops, and networking, which t...
Organic price premiums dip as demand grows, choices multiply
Miami Herald - 23 Jan 2019 17:11
U.S. shoppers are still paying more for organic food, but the price premium is falling as organic options multiply. Last year, organic food and beverages cost an average of 24 …
PG&E expects capital spending of $6.6 billion in 2019
Miami Herald - 23 Jan 2019 17:10
Pacific Gas & Electric Co. says it expects capital spending of $6.6 billion this year and about $6.9 billion in 2020. PG&E made the disclosure in a filing with regulators …
Anti-abortion activists challenge effort to protect abortion
Miami Herald - 23 Jan 2019 16:53
Anti-abortion activists in Rhode Island are fighting legislative attempts to enshrine abortion protections in state law. More than 200 activists gathered in Providence on Tuesday on the 46th anniversary of …
Markets Right Now: Stocks turn higher on strong earnings
ABC News - 23 Jan 2019 16:45
US stocks are rising at the start of trading and recovering some of the previous day's losses following strong fourth-quarter reports from companies including IBM, Proctor & Gamble and United Technologies
Kerrisdale says Qualcomm's stock could shrink by half: report
Reuters - 23 Jan 2019 16:35
Activist investor Sahm Adrangi, who cemented his reputation with successful bets against Chinese internet companies, said that he has taken a short position against Qualcomm Inc , arguing the chip supplier's stock price ...
Where I Went Wrong Picking Stocks in 2018
Forbes - 23 Jan 2019 16:26
I'm going to examine some of the worst-performing calls from 2018 and determine which picks were bona fide mistakes and which only offer more upside.
Universal Music's new acquisition means more Madonna, Bowie merch
New York Post - 23 Jan 2019 04:43
Expect to see an influx of merchandise from artists like Madonna, David Bowie, Aerosmith and Celine Dion as Universal Music Group said Tuesday that it acquired Epic Rights, a retail branding and merchandising firm. Epic ...
Viacom buys streaming service Pluto TV for $340M
New York Post - 23 Jan 2019 04:36
Viacom is getting into the streaming TV business. The operator of MTV, Comedy Central and Nickelodeon has purchased free streaming service Pluto TV for $340 million. Pluto, which was founded in 2013, streams more than 10...
Facebook Is Giving Developers More Clarity on Rate Limits
AdWeek - 23 Jan 2019 04:20
Facebook is giving application developers new tools to help protect them against reaching their rate limits. Rate limits are defined as the maximum number of calls an app can make to the social network's application-prog...
Tesla jacks up recharging prices for electric cars
New York Post - 23 Jan 2019 04:04
Charging up your Tesla isn't the bargain it used to be. Elon Musk's company has hiked the price for juicing up its electric cars at one of its Supercharger stations by nearly 20 percent -- further shrinking the savings i...
Google spends big on U.S. lobbying amid antitrust, bias battles
Reuters - 23 Jan 2019 03:56
Alphabet Inc's Google disclosed on Tuesday that it spent a company-record $21.2 million on lobbying the United States government in 2018, topping its previous high of $18.22 million in 2012, as the search engine operator...
Catching "Fyre." What Marketers Can Learn From "Mini-Madoff" Mcfarland
Forbes - 23 Jan 2019 03:52
The documentary is equal parts captivating, cringy and depressing. Mcfarland is a mini-Madoff for the millennial generation. Here are a few gems for us marketers and crisis management gurus:
Erin Brockovich urges California to stop PG&E bankruptcy
Miami Herald - 23 Jan 2019 03:36
Consumer activist Erin Brockovich, who famously took on Pacific Gas & Electric Co. in the 1990s, urged California lawmakers Tuesday not to let the utility go bankrupt because it could …
Asian shares dip, worries over growth and trade sour mood
Reuters - 23 Jan 2019 03:18
Asian stocks edged down on Wednesday on mounting signs of slowing global growth and anxiety over a yet-unresolved Sino-U.S. trade dispute.
Oracle accused of underpaying women, minorities by $400M
Miami Herald - 23 Jan 2019 03:05
U.S. government regulators are accusing software maker Oracle of engaging in discriminatory practices that resulted in thousands of its women, black and Asian employees being underpaid by more than $400 …