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Business News

Location American Business News for 28 January 2019

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.
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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.
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Investors anticipate possible stock rally post government shutdown 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...
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5 Leadership Traits Every Boomer Entrepreneur Should Possess 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.
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No-deal Brexit: UK firms 'praying' for article 50 extension, says KPMG 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...
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The Socialists United Party's Worst Fears Are Coming True In Venezuela PSUV could not have predicted its downfall and the aftermath any better. But the downfall is all their fault.
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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 …
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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 …
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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."
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Tesco, Britain's biggest retailer, said on Monday it was making changes to its UK business that could impact up to 9,000 jobs.
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Markets Right Now: Stocks open lower on Wall Street 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.
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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.
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Rise Of Returns: How Retail Can Combat Its $351 Billion Problem

Retail Touch Points - 28 Jan 2019 16:23
Rise Of Returns: How Retail Can Combat Its $351 Billion Problem 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...
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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...
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What campaign design reveals about the race to 2020

Fast Company - 28 Jan 2019 09:00
What campaign design reveals about the race to 2020 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...
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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."
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U.S. Pension Insurer Slams Lampert Bid for Sears

Wall Street Journal - 28 Jan 2019 04:54
U.S. Pension Insurer Slams Lampert Bid for Sears 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.
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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. …
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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....
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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.
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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.
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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...
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