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Business News

Location American Business News for 21 Aug 2019

The U.S. Securities and Exchange Commission on Wednesday proposed new guidance that aims to clarify how investors and advisory firms that vote on their behalf should cast their votes in corporate... elections on issues like pay and diversity.

For Manufacturers in China, Breaking Up Is Hard to Do

Wall Street Journal - 21 Aug 2019 16:33
For Manufacturers in China,As trade fight intensifies with the U.S., companies are rushing to set up new supply chains in countries such as Vietnam. They're quickly finding no place offers the complete solution that China does.
Nestle rallies on NiftyICICI Direct says Nestle India could have a weightage of near 1 per cent in Nifty index
China's biggest e-commerce company Alibaba Group Holding Ltd has delayed its up to $15 billion listing in Hong Kong amid growing political unrest in the Asian financial hub, two people with knowledge... of the matter told Reuters.

Trump looking at possible US tax cuts but not now

The Economic Times - 21 Aug 2019 04:56
"We're very far from a recession," Trump told reporters during a White House visit by Romanian President Klaus Iohannis.
Asian markets were mostly lower in early trading Wednesday, after recession worries led to losses on Wall Street.
The 10 synthetic gasifiers that make up the project are now finally commissioned.
Walmart Is Suing Tesla forThe retailer said fires broke out at seven store rooftops between 2012 and 2018, causing millions of dollars in damage.
Store executives starting toAmericans continue to shop, vacation and buy cars but businesses are worried that President Donald Trump's tariffs will depress consumer spending.       
Victims of Equitable Life areAfter a two-decade battle for justice, more than 160,000 policyholders will receive a letter this month explaining how the decision could impact their retirement fund.

Restaurant business is giving lenders indigestion

American Banker - 21 Aug 2019 21:18
As a growing number of chains go bankrupt, loan charge-offs are rising.

As the Fed Frets, Retailers Rake in Sales

Wall Street Journal - 21 Aug 2019 17:46
Before Federal Reserve Chairman Jerome Powell puts the finishing touches on a speech he is delivering this week, maybe he should take some time to listen to a playback of Target's earnings conference... call.
If the trade war is successfully resolved, the Dow could rise to 30,000 points.
Federal Deficits to Rise MoreFederal deficits are projected to grow much more than expected over the next decade thanks to the two-year budget agreement lawmakers and the White House struck last month, the Congressional Budget... Office said.
British Airways And ShellUK flag carrier is planning Europe's first commercial waste to jet fuel plant in collaboration with oil major and renewable fuels company.
Inflation for July eased to 4%. However, the SA Reserve Bank is likely to maintain a cautious stance before deciding to implement a rate cut, given the risk of a rating downgrade which still looms... large.
U.S. home sales rose more than expected in July, boosted by lower mortgage rates and a strong labor market, signs the Federal Reserve's shift toward lower interest rates was supporting the economy.
Tesla Has Failed Massively AsMusk's greatest skill is in raising capital, but in the past five years that new capital--in excess of $20 billion--has led to greater losses and a much, much more levered balance sheet for Tesla.
7 Things That Really GrindAre you getting on your customers' nerves?
Labor representatives at Uniper , fearing a ratings downgrade in the event of a full takeover of the German energy group, have called on major shareholder Fortum to lay out plans for future... cooperation between the two companies.
Citigroup, BNP ParibasUS-based Citigroup and French bank BNP Paribas are caught up in the US criminal case against the chief financial officer of China's Huawei Technologies, according to newly available documents. The... banks were named in documents released on Tuesday after a hearing in British Columbia Supreme Court where Huawei CFO Meng Wanzhou is fighting extradition to...
Court Documents Tie Huawei toNew details about the U.S. sanctions-busting case against Huawei Technologies emerged in court filings in Canada, including about the Chinese telecom giant's alleged dealings in Iran, Syria and Sudan.
For This Global Leader, SmartTom Costabile, Exec.Dir. of the American Society of Mechanical Engineers, explains why engineering at its best is first about ethics, not tech.
James Dolan's plan to buildJames Dolan's plan to build futuristic orb-like entertainment amphitheaters around the globe is coming under attack. Dolan, who owns the New York Knicks, saw support for his ambitious new project... start to fizzle Tuesday after executives of his entertainment company, Madison Square Garden, said the first high-tech orb could cost half a billion dollars more...
Analysts Forecast 11% GainsFor the iShares Russell 1000 Growth ETF, we found that the implied analyst target price for the ETF based upon its underlying holdings is $175.86 per unit.