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Business News

Location American Business News for 7 March 2019

The Case For Discriminating Against Incompetent Men

The Huffington Post - 7 Mar 2019 03:41
The Case For Discriminating Against Incompetent Men Tomas Chamorro-Premuzic's new book says we need to weed out the narcissists and megalomaniacs before they become leaders.
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From SBA chief to fintech backer

American Banker - 7 Mar 2019 05:00
Karen Mills, who led the Small Business Administration from 2009 to 2013, is joining the Eastern Bank spinoff Numerated as an adviser and investor as it tries to bring online-lending technology to community banks.
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What a Startup Can Teach A Fortune 500 Company Increasingly, big food companies are investing in small startups with cutting-edge natural food products. These partnerships can be incredibly helpful, if leveraged appropriately. Start by figuring out what a large compa...
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Charlotte Russe will close all of its stores but is continuing to negotiate with a buyer Charlotte Russe will close all stores and is negotiating to sell its intellectual property.        
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'Free Range Eggs' actually cooped up: lawsuit

New York Post - 7 Mar 2019 03:15
'Free Range Eggs' actually cooped up: lawsuit Nellie's Free Range Eggs are not all they are cracked up to be, according to a new lawsuit. The New Hampshire-based farm, whose eggs recently became the "official egg" of the Boston Red Sox, is deceiving consumers about ...
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Federal officials say they're fining two construction companies more than $157,000 for safety violations after two workers fell to their deaths at a hotel under construction last summer. The Occupational …
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JPMorgan Chase Decides to Stop Funding Private Prison Companies, and Immigration Activists Applaud Immigrant rights advocates celebrated a victory after the bank said this week they would "no longer bank the private prison industry."
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The Imposing Venture of 3 Corporate Giants Gets a Not-So-Imposing New Name Amazon, Berkshire Hathaway and JPMorgan Chase will call their health care upstart Haven.
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Fiat Chrysler's decision to cut almost 1,400 jobs from a northern Illinois plant could trigger the loss of nearly 2,300 additional jobs across the region, according to a university study. …
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‘Downton Abbey’ Rep Remains Defiant: I Was Targeted Because I Was ‘High Profile’ If former congressman-turned-indicted felon-turned-free-man Aaron Schock (R-IL) could travel back in time, he might not have posed shirtless, parading his...
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General Electric Co said on Thursday its current reserves for long-term care insurance policies were sufficient and it was looking to increase premiums to cover their rising cost.
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Microsoft has detected cyberattacks linked to Iranian hackers that targeted thousands of people at more than 200 companies over the past two years. That's according to a Wall Street Journal …
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U.S. stocks moved lower in morning trading, led by banks and technology companies, putting the market on track for its first losing week since January. Utilities and real estate stocks …
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Several popular apps including Yelp automatically send data to Facebook, watchdog group says Yelp and some other apps reportedly send data to Facebook regardless of whether users have a Facebook account or are logged out.        
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European markets were down on Thursday, after the European Central Bank lowered its growth forecasts for the region and said interest rates would stay lower for longer as it announced new stimulus measures.
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The productivity of the American workforce rose sharply again in the fourth quarter, reflecting a recent upturn that could bode well for the U.S. economy if it's sustained. U.S. productivity advanced at an annual pace of...
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House Democrats continue to deal with tensions over a resolution condemning anti-Semitism and other issues. Meanwhile, Amazon.com has been lobbying more government entities than any other tech company.
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Without Major Movement On Trade, Stocks Keep Looking For A Catalyst This morning, news of bank stimulus from the ECB has helped stocks somewhat, but they continue looking for a catalyst to move meaningfully higher - or lower.
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A cup of coffee might cure a headache for some, but for those championing the news you may soon be able to pay for your latte with bitcoin, an even bigger headache may be on the horizon.
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Japan's SoftBank Group is launching a $5 billion fund to invest in technology companies in Latin America, it said on Thursday, ramping up its tech ambitions beyond its huge Vision Fund.
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How The Pieces Add Up: The SPDR S&P MIDCAP 400 ETF Targets $379 For the SPDR S&P MIDCAP 400 ETF, we found that the implied analyst target price for the ETF based upon its underlying holdings is $378.54 per unit.
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Where credit card debt is the worst in the US: States with the highest average balance Americans are more likely to pay with a credit card than with cash than ever before, and that's adding up to a lot of debt.        
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