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Business News

Location American Business News for 26 February 2019
How To Host Meetings That Spark Joy (Or At Least Creativity) Electric scooters, surprise guests, puzzles, and more.
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Tesla's Elon Musk's tweet gets him in hot water with the SEC "Musk did not seek or receive pre-approval to publishing this tweet, which was inaccurate and disseminated to over 24 million people," the SEC said.
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1 in 4 home owners said they no longer felt financially secure after they bought their current home, according to a recent survey.
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Oil prices edged higher on Tuesday, finding steady ground after tumbling more than 3 percent in the previous session when U.S. President Donald Trump called on OPEC to ease its efforts to boost the market.
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The lost art of designing for pleasure

Fast Company - 26 Feb 2019 10:00
The lost art of designing for pleasure The Italian designer Alessandro Mendini died last week at the age of 87. His work reminds us that everyday objects can be a source of joy. In 1994, the Italian housewares manufacturer Alessi released Anna, a corkscrew t...
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Bank of America drops Merrill Lynch name in rebranding effort The "Thundering Herd" is growing quieter. Bank of America is downgrading the iconic "Merrill Lynch" name as part of Chief Executive Brian Moynihan's effort to rebrand the company under a single title. BofA will remove th...
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Ex-convict program welcomes workers, keeps them out of trouble Michael Van Leuvan has a wife and three kids and lives in The Bronx. He's thrilled to be earning $20 an hour as the manager of a Mexican fast food restaurant in Manhattan, and he's hoping to get a 10 percent raise in the...
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GE stock jumps as $21.4-billion biopharma sale helps new CEO revamp the company When H. Lawrence Culp Jr. took command of flailing General Electric Co. late last year, his mandate was simple: Be more aggressive. Less than five months later, investors are applauding. The company's shares climbed Mond...
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Macy's to cut jobs, double down on beauty and jewelry after disappointing holiday season Macy's will be cutting roughly 100 top jobs, and doubling down on its most popular merchandise, to boost profits after a disappointing holiday season.        
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Shareholders of Brazil's Embraer SA approved a deal on Tuesday to sell 80 percent of the company's commercial plane division to Boeing Co, enabling Boeing to compete with Airbus SE in the market for jets with up to 150 s...
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G2 Esports raises $17.3 million for global expansion

Venture Beat - 26 Feb 2019 17:00
G2 Esports, a global esports club, announced it has raised $17.3 million from prominent New York investors and a variety of global tech moguls.
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Rising risks and recent soft data shouldn't prevent solid growth for the U.S. economy this year, but the Federal Reserve will remain "patient" in deciding on further interest rate hikes, Fed Chairman Jerome Powell said o...
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US housing starts plummeted 11.2 percent in December US housing starts fell 11.2 percent in December to the worst pace in more than two years
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How Can Competition With Luckin Coffee Affect Starbucks' Valuation? Starbucks (NASDAQ: SBUX) recently reported its Quarter 1 results (ended December 2018) for the Financial Year 2019. The company beat the consensus in revenues and earnings and posted $6.6 billion and $0.61, respectively....
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Macy's Inc said on Tuesday it would cut 100 senior management positions as the department store operator seeks to cut costs and improve profitability after reporting bleak holiday sales.
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Tesla stock drops after SEC asks judge to hold Elon Musk in contempt over tweet The drop comes after the Securities and Exchange Commission to a judge tohold Tesla CEO Elon Musk in contempt over his latest tweet.        
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Macy's announces multi-year restructuring plan

ABC News - 26 Feb 2019 16:33
Macy's announces multi-year restructuring plan Macy's 4Q results beat Wall Street expectations; announces restructuring plan that it says will save $100 million
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Autodesk today introduced Construction IQ in public preview. The service uses data to assess safety risk on construction sites.
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President Donald Trump's decision to delay a steep tariff hike on Chinese goods as he touted progress in weekend trade talks was greeted with a mixture of relief and dread among U.S. industry groups and lawmakers on Mond...
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The average tax refund is 16 percent lower than last year. Here's what tax pros say about the discrepancy.
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The Trump Organization fired back at investigations into its business Monday, demanding a House panel end its probe because of ethical conflicts. Separately, President Donald Trump's eldest son, Donald Trump …
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Senate Democrats on Monday blocked a Republican bill that would have threatened prison for doctors who don't try saving the life of infants born alive during abortions. The measure seemed …
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