Business News
Survival strategies from a midsize bank chief
American Banker - 28 Jan 2019 04:07
John Ciulla, one year in as CEO of Webster Financial, discusses how he is preparing for the next downturn, picking his spots in tech spending, and remaining cautious about M&A.
NumberAI raises $10.5 million to add texting intelligence to business landlines
Venture Beat - 28 Jan 2019 16:00
NumberAI, a smart messaging provider for businesses, has raised $10.5 million in a Series A funding round led by Google's Gradient Ventures and others.
Investors anticipate possible stock rally post government shutdown
New York Post - 28 Jan 2019 04:55
Investors are about find out if the recent, long-awaited stock rally is more wheat than chaff. Stocks will likely see a boost by the end of the federal government shutdown and easing tensions in the China-US trade row, b...
5 Leadership Traits Every Boomer Entrepreneur Should Possess
Forbes - 28 Jan 2019 02:59
More boomers will be turning to self-employment, according to a new survey, and to be successful, these are the key leadership traits they will need to have.
No-deal Brexit: UK firms 'praying' for article 50 extension, says KPMG
The Guardian - 28 Jan 2019 02:01
CBI says business is 'stuck in neutral' with low confidence and diverted investment hurting firms British firms are "praying for an extension to article 50" rather than face a no-deal Brexit as it emerged that foreign in...
The Socialists United Party's Worst Fears Are Coming True In Venezuela
Forbes - 28 Jan 2019 01:10
PSUV could not have predicted its downfall and the aftermath any better. But the downfall is all their fault.
Early Carnival Cruise backer known as 'Mr. Pia Zadora' dies at 95
Miami Herald - 28 Jan 2019 18:09
Meshulam Riklis, a financier who aggressively used debt to acquire companies before that tactic became commonplace - but who was best known beyond business circles for his marriage to singer …
Government report says US budget deficit set to hit $897B
Miami Herald - 28 Jan 2019 17:04
A new government report says that the U.S. budget deficit is set to hit $897 billion this year and predicts that economic growth will slow as the effects of President …
Nvidia stock plunges toward worst day in a decade after warning of huge revenue miss
Market Watch - 28 Jan 2019 17:02
Nvidia Corp. shares are plunging in Monday morning trading after the company warned that it would miss holiday-quarter revenue expectations by a wide margin due to "deteriorating macroeconomic conditions."
Tesco says changes to UK business to impact up to 9,000 jobs
Reuters - 28 Jan 2019 16:47
Tesco, Britain's biggest retailer, said on Monday it was making changes to its UK business that could impact up to 9,000 jobs.
Markets Right Now: Stocks open lower on Wall Street
ABC News - 28 Jan 2019 16:42
Stocks are opening broadly lower on Wall Street as traders worry about the impact on U.S. companies of a slowdown in China's economy.
Facebook tightens paid ads rules ahead of EU elections
Reuters - 28 Jan 2019 16:39
Facebook said on Monday it will strengthen its rules and safeguards around political adverts to prevent foreign interference in elections, including those in Europe this year.
Rise Of Returns: How Retail Can Combat Its $351 Billion Problem
Retail Touch Points - 28 Jan 2019 16:23
The next time you think about returning an item to Amazon, be forewarned: Return too many items in a year, and you might just be exiled for good. Retail returns have become such a nightmare that even the world's third la...
Thailand suspends patent applications for medical marijuana
Miami Herald - 28 Jan 2019 16:04
Thailand's military government on Monday suspended the licensing of commercial marijuana-based products for medical use amid concern that foreign pharmaceutical companies might try to monopolize the market. Prime Ministe...
What campaign design reveals about the race to 2020
Fast Company - 28 Jan 2019 09:00
With the exception of Barack Obama, candidates have rarely invested in original design. A group that tracks the way politicians market themselves shows that is changing. American politicians love soaring eagles. The same...
5 takeaways from banks' 4Q results
American Banker - 28 Jan 2019 05:32
Among the things we've learned this earnings season: C&I is back, fee income is flat, and leveraged lending is beginning to "rear its ugly head."
U.S. Pension Insurer Slams Lampert Bid for Sears
Wall Street Journal - 28 Jan 2019 04:54
The Pension Benefit Guaranty Corp. says a $1.7 billion funding gap should sink Chairman Edward Lampert's efforts to buy out the chain. It's the latest and most influential creditor to oppose the sale.
Longtime San Francisco Giants owner Peter Magowan dies
Miami Herald - 28 Jan 2019 04:38
Peter Magowan, the lifelong Giants fan who formed the ownership group that kept the team in San Francisco with a sparkling waterfront ballpark, died Sunday after a battle with cancer. …
Saudi Aramco to pay $1.6 billion for stake in South Korea's Hyundai Oilbank
Reuters - 28 Jan 2019 04:32
State-owned Saudi Aramco plans to buy a stake of up to 19.9 percent of South Korean refiner Hyundai Oilbank from Hyundai Heavy Industries Holdings, for 1.8 trillion won ($1.61 billion), driving up shares of the parent 6....
Rusal chairman resigns as part of deal to lift U.S. sanctions; shares jump 5 percent
Reuters - 28 Jan 2019 04:29
Aluminum giant Rusal said on Monday Jean-Pierre Thomas had resigned as chairman and director of the company as a pre-requisite for a decision by the United States to lift sanctions on the company.
Asian stocks rise after U.S. government reopens for now
Reuters - 28 Jan 2019 03:59
Asian stocks advanced on Monday as Wall Street rallied after a deal was announced to reopen the U.S. government following a prolonged shutdown that had shaken investor sentiment.
Qantas customers request exercise bikes, virtual reality for 20-hour flights
Reuters - 28 Jan 2019 03:30
Australia's Qantas Airways Ltd on Monday said customers were requesting in-flight innovations such as exercise bikes and virtual reality relaxation to pass the time on proposed 20-hour non-stop flights from Sydney to Lon...