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Business News

Location American Business News for 24 January 2019

Zelle's volume surges, but there's a catch

American Banker - 24 Jan 2019 16:08
The bank-led P2P network Zelle saw its strongest quarterly growth during the fourth quarter of 2018, driving payment volume up nearly 60 percent, to $119 billion, for the year. But a significant amount of this volume com...
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How to help government workers survive the shutdown

New York Post - 24 Jan 2019 04:40
How to help government workers survive the shutdown There's a simple financial solution that would keep the families of government workers from starving during the longest shutdown in US history. My idea: Allow people who have been working without pay -- and maybe even th...
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BuzzFeed is laying off 15% of its workers

L.A. Times - 24 Jan 2019 03:35
BuzzFeed is laying off 15% of its workers BuzzFeed Inc. is eliminating 15% of its workforce, the latest pullback for digital-media sites dealing with a challenging advertising market. As it trims staff, BuzzFeed has been examining the "the evolving economics of ...
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A Texas man with no known ties to a South Dakota veterans home has given the facility $1 million. Eighty-five-year-old Arlyn Reinert died in April and willed his life savings …
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CFPB's No. 3 to depart, join New York AG

American Banker - 24 Jan 2019 20:07
Chris D'Angelo, the CFPB's associate director of supervision, enforcement and fair lending, is leaving the bureau after eight years to become a chief deputy attorney general in New York state.
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Japanese whalers are discussing plans ahead of their July 1 resumption of commercial hunting along the northeastern coasts for the first time in three decades. Their preparation follows Japan's decision …
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Microsoft Corp's Bing search engine has been blocked in China, the company said on Wednesday, making it the latest foreign technology service to be shut down behind the country's Great Firewall.
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When you need to worry about stock market manipulation

New York Post - 24 Jan 2019 04:57
When you need to worry about stock market manipulation I told you in Tuesday's column that last week's Wall Street rally was nonsense and that it had nothing to do with the progress in the trade talks with China. Stock prices really rose sharply last week because it was one ...
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Paralegal for Sears bankruptcy case made $174K in one month No one tops legal adviser Keri Grant for hours logged in Eddie Lampert's Sears bankruptcy case. The Weil, Gotshal & Manges paralegal booked some $174,000 for November assessing the troubled retailer's numbers for 431 hou...
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Ad Meter 2018: Bon & Viv Spiked Seltzer

USA Today - 24 Jan 2019 19:39
Ad Meter 2018: Bon & Viv Spiked Seltzer Two mermaids pitch one of Anheuser-Busch's newest products, Bon & Viv Spiked Seltzer, in this Shark Tank-inspired ad.        
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Celebrate 15 years of NASA’s Opportunity rover with these bittersweet pictures of Mars Can’t wait for the Pixar movie about this. NASA’s Opportunity rover just celebrated its 15th anniversary on the surface of Mars today, but no one sent it a Hallmark card. That’s because no one has heard from the li...
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Huawei looks increasingly beleaguered in the West

The Economist - 24 Jan 2019 17:46
Huawei looks increasingly beleaguered in the West ON PAPER, AT least, Huawei is having a barnstorming time. The company, which is owned by its employees, makes everything from smartphones to solar panels and telecommunications equipment. It reckons its revenue in 2018 w...
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Dogfish Head taps new beers to satisfy drinkers' healthy, lower-alcohol tastes Dogfish Head Craft Brewery has a new line of beers for health-conscious consumers. A new IPA has 95 calories and 3.6 carbs, similar to Michelob Ultra.        
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The S&P 500 and the Dow Jones Industrial Average dipped on Thursday after U.S. Commerce Secretary Wilbur Ross said the United States and China were a long way from resolving their trade dispute, while a rally in chipmake...
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Oil prices were steady on Thursday as renewed concerns about the global economic outlook offset support from a U.S. threat of sanctions on OPEC member Venezuela.
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To Advance Diversity & Inclusion, CEOs Must Choose Cooperation Over Competition Moving the needle calls for working together.
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Renault appointed Michelin boss Jean-Dominique Senard as its new chairman on Thursday, after Carlos Ghosn was forced to resign in the wake of a financial scandal that has rocked the French carmaker and its alliance with ...
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Southwest 4Q profit falls, federal shutdown hurts revenue Southwest reports lower 4Q profit of $654 million but still beats analysts' forecasts
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Apple slashes 200 jobs in its autonomous vehicle division Could the Apple car be dead? Elizabeth Keatinge has more.        
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Airline stocks are flying high on Thursday, following upbeat earnings reports from American Airlines Group Inc., JetBlue Airways Corp., and Southwest Airlines Co.
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Two Top Stock Picks For 2019: Innovative Industrial Properties And Twilio When MoneyShow.com asked top financial newsletter contributors for their top picks for 2019, several responded: Innovative Industrial Properties for a cannabis-related REIT and Twilio for a play in cloud communications. ...
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A new shopping platform announced Thursday at the World Economic Forum aims to change the way we buy many brand-name products. Loop, as the platform is called, would do away …
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