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Business News

Location American Business News for 21 February 2019

Nvidia plays the diversification game

The Economist - 21 Feb 2019 17:49
THE CHIP-DESIGN business is enjoying a "golden age", declared John Hennessy and David Patterson, two gurus of computer design, earlier this month (Mr Hennessy chairs Alphabet, Google's parent company). The shift to cloud...
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US Marine Corps/Lance Cpl. Danny Gonzalez Gunmaker Heckler & Koch is fulfilling a contract to supply the US Marine Corps with new M27 rifles for infantry. The gunmaker is also have some fun at the Marines' expense. The M...
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The Democratic National Committee extracted a promise from CNN that Sarah Isgur, the network's new hire who previously worked as...
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Pinterest confidentially files for IPO: WSJ

Reuters - 21 Feb 2019 23:39
Online image search site Pinterest Inc has confidentially filed with the Securities and Exchange Commission for an initial public offering, the Wall Street Journal reported on Thursday, citing people familiar with the ma...
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Wisconsin's Republican Assembly speaker says Milwaukee hosting the 2020 Democratic National Convention would be good for President Donald Trump. Speaker Robin Vos also told reporters Thursday that bringing "lots of …
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As President Nicolas Maduro deploys missiles and infantrymen to Venezuela's borders bracing for what he claims is U.S. coup plot disguised as humanitarian aid, his opponents are rallying their own …
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The U.S. banking sector recorded $59.1 billion in profits in the fourth quarter of 2018, down slightly from the third quarter's record level but still up significantly from the prior year, according to data from the Fede...
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Hasbro, Lego launch online services in Toys 'R' Us' absence Who needs Toys 'R' Us when you have the Web? Hasbro and scores of other toy makers are trying to fill the gap left by toy giant Toys 'R' Us's bankruptcy by selling their dolls, action figures, and teddy bears directly to...
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Standard Chartered PLC (StanChart) has set aside $900 million to cover fines resulting from investigations by regulators in Britain and the United States, it said on Thursday, sending its shares down 1 percent.
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Johnson & Johnson said Wednesday it received subpoenas from the U.S. Justice Department and the Securities and Exchange Commission seeking documents related to the safety of its signature baby powder and other talc-conta...
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A former mayor who was the Democratic nominee for Mississippi governor in 2011 is now running for secretary of state. Johnny DuPree told the Clarion Ledger that election reform is …
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Police official: Smollett suspected of lying about attack

Business Insider - 21 Feb 2019 00:51
Police official: Smollett suspected of lying about attack Invision/Willie Sanjuan via Associated Press Chicago detectives suspect that "Empire" actor Jussie Smollett filed a false police report when he said he was the victim of a racist, homophobic attack in downtown Chicago la...
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Here's what the cast of 'How to Train Your Dragon: Hidden World' looks like in real life DreamWorks/Universal/Getty Images The "How to Train Your Dragon" movie trilogy stars Jay Baruchel, America Ferrera, Cate Blanchett, Kristen Wiig, and Kit Harington — just to name a few. Warning: Spoilers ahead for the ...
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These are the 10 best cars, SUVs and pickups of 2019, according to Consumer Reports Consumer Reports reveals its Top 10 picks for the best vehicles of 2019. It's an influential annual list that serves as a guide for many car shoppers.        
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Consumer Reports Top Car Picks for 2019

USA Today - 21 Feb 2019 19:46
Every year Consumer Reports rates their top cars.        
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The German market regulator has taken the highly unusual step of defending a single company from short-sellers. Matthew Partridge reports. The post Wirecard - and Germany’s hypocritical ban on shorting stocks was first...
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How Brand Experiences and Social Media Intersect Thanks to the combined rise of tech and our desire for human interactions, we're choosing experiences that enable us to simultaneously exist in our real and virtual worlds more than ever. As a case in point: Look no furt...
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M&T Bank buys large MSR portfolio

American Banker - 21 Feb 2019 18:07
The company disclosed that it paid $146 million for servicing rights associated with $13 billion in mortgages.
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An Intel team is building MESO, a new kind of integrated circuit (IC), filled with transistors that could one day operate at miniscule amounts of energy.
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US home sales tumbled 1.2 percent in January

Miami Herald - 21 Feb 2019 17:09
U.S. home sales fell 1.2 percent in January to their worst pace in more than three years, as persistent affordability problems have put a harsh chill in the real estate …
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Hawaii Island's ban on polystyrene -- or Styrofoam -- food containers goes into effect in less than five months. The Hawaii County Council on Tuesday got an update on an …
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Nike shares drop after Duke basketball star's sneaker rips apart Shares of Nike fell nearly 2 percent on Thursday, a day after a sneaker worn by emerging basketball star Zion Williamson split in half 33 seconds into a hotly anticipated game between Duke University and North Carolina. ...
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