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Business News

Location American Business News for 26 July 2019

U.S. Gives Chevron Three-Month Extension to Stay in Venezuela

The New York Times - 26 Jul 2019 20:40
U.S. Gives Chevron Three-Month Extension to Stay in Venezuela The Treasury Department says Chevron, the last major American oil company doing business in the country, can stay there until at least late October.
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America's Public Pensions Are Stuck In The Clouds

Wall Street Journal - 26 Jul 2019 11:30
The funding strength of retirement systems across the U.S. rests on rosy assumptions
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A California judge on Thursday reduced a $2 billion jury verdict, slashing the award for a couple who blamed Bayer AG's glyphosate-based weed killer Roundup for their cancer to $86.7 million.
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Asian shares were lower Friday as investors continued to watch the brewing trade conflict between China and the U.S., and any signs of what's in store from central banks.
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Jewelry Company Alex And Ani Sues Bank Of America For $1.1 Billion In Gender Discrimination Lawsuit The firm, known for its bangle bracelets and owned by multimillionaire Carolyn Rafaelian, says Bank of America, one of its lenders, discriminated against the company due to the fact that top executives are women.
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It appears President Trump was searching for an Obama-era scandal -- and came up short. After weighing in on congressional...
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Equifax will pay Americans hit by breach. Take these steps to file claim for $125 or more Equifax has set up a website and is now accepting claims for its 2017 data breach. The deadline to file a claim is Jan. 22, 2020.       
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The Women's World Cup team has set a new standard in sports -- and sponsorships "These players accomplished something spectacular on the field. Combine that with the conversation they've started about equal pay and empowerment, and you've got the recipe for success," one branding expert said.
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Tastes - and prices - are starting to change in the wine market as Burgundy goes out of fashion. The post Investing in wine: the end of the Burgundy bubble was first published on MoneyWeek.
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Boris Johnson is in at No 10 and he's made himself feel at home with a round of sackings. Dominic Frisby looks at how the currency markets have reacted, and what lies in store for the pound. The post Currency Corner: wha...
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SoftBank Group Corp announced on Friday a second Vision Fund aimed at investing in technology firms, saying it has secured memoranda of understanding (MOU) for about $108 billion from companies including Apple Inc and Mi...
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Amazon exploring WeWork space deal in old Lord & Taylor building WeWork wants an early Christmas present from Jeff Bezos: A big Amazon office lease at its empty former Lord & Taylor building, once home to famous holiday windows. The shared office space startup, which bought the Fifth ...
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Chinese authorities suspect U.S. package delivery company FedEx Corp violated the law by not making shipments of goods from the tech company Huawei to their recipients, the Xinhua state news agency reported on Friday.
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Beijing Praising Duterte, As Filipinos Count Their Losses From His South China Sea flip-flops. Beijing is praising Duterte for promoting its South China Sea agenda; and serving as a "model" for Vietnam, Malyasia, and Indonesia.
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Warren Buffett's Berkshire Hathaway has raised its stake in Bank of America Corp , the company said in a regulatory filing on Thursday.
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Starbucks Boosts Sales With Help From New Drinks, Store Upgrades The world's largest coffee chain said sales rose in its key U.S. and China markets, thanks to new drinks and upgrades to the company's stores and digital-ordering platforms.
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Iron Man to Ironman: Pay Up

Wall Street Journal - 26 Jul 2019 23:49
Iron Man to Ironman: Pay Up Ironman race owner Wanda Sports Group has been paying royalties to Walt Disney's Marvel for the use of the Ironman brand, according to an SEC filing ahead of the sports company's initial public offering.
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3 E-Commerce Trends Leading The Way In 2019

Forbes - 26 Jul 2019 23:14
3 E-Commerce Trends Leading The Way In 2019 The largest 18 e-commerce marketplaces account for more than $1 trillion in global sales annually. While consumers are more discerning than ever; and dominant brands continue to prevail, undercurrents of exclusivity and ...
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Lonzo Ball sells the Big Baller Brand warehouse in downtown L.A. Former Laker Lonzo Ball has sold the Big Baller Brand warehouse, a commercial property used as a distribution center for his family's apparel company, in downtown L.A. for about $4.265 million.
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It's time to look at the content that did well in the Minecraft Marketplace for June 2019. Toy Story was huge, but so are ottomans and futons.
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You might know that Apple screens some of Siri's recordings to improve the assistant's accuracy, but recordings can be surprisingly long and numerous.
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Facial recognition made headlines again this week after three Congressional lawmakers introduced legislation that would bar it from public housing.
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