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Business News

Location American Business News for 17 September 2019
Attacks On Saudi Oil Facilities Foster Suspicions Of Use Of Quds Or Soumar Cruise Missiles The attacks on the Abqaiq and Khurais oil facilities in Saudi Arabia have sent oil prices soaring. One possible scenario is that the attacks employed Tomahawk-like cruise missiles fired from Iran.
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Fed's Repo Rescue Leaves Many Searching for Answers

Wall Street Journal - 17 Sep 2019 21:12
Some financial firms faced difficult choices after the short-term lending rate spiked.
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Japanese finance minister Taro Aso said on Tuesday that a currency provision won't be included in a Japan-U.S. bilateral trade deal that the two countries are aiming to conclude by the end of this month.
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Talent agency Endeavor plans to raise up to $712M in IPO Endeavor, which owns Hollywood's biggest talent agency and mixed martial arts entertainment giant Ultimate Fighting Championship, plans to raise as much as $712 million in an initial public offering, it said Monday. The ...
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15 gifts you should buy to get ahead of your holiday shopping The gift giving season may be months away, but its never too early to start shopping.       
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Steam's new library is now in beta

Venture Beat - 17 Sep 2019 20:21
Steam has launched its revamped library into beta, which you can opt into here. Valve’s digital store has a giant library, but it can be difficult to navigate. This updated version is supposed to make it easier to find...
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Starform, a new Seattle-based game studio formed by King and Z2Live veterans, has raised $1.25 million and announced plans to make online games.
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Gap's 'Conscious Uncoupling' Comes With An Expensive Price Tag Thanks to huge "dis-synergies," the retailer's break-up rivals some of the most expensive divorces on record.
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Walmart Inc likely discriminated against 178 female workers by paying less or denying promotions or both because of their gender, the U.S. Equal Employment Opportunity Commission said in memos reviewed by The Wall Street...
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What's next for OxyContin maker Purdue Pharma

Reuters - 17 Sep 2019 04:54
OxyContin maker Purdue Pharma LP filed for bankruptcy protection after reaching a partial deal to resolve more than 2,600 lawsuits alleging it helped fuel the U.S. opioid crisis.
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General Mills is recalling about 600,000 pounds of its Gold Medal Unbleached All Purpose Flour for possible E. coli contamination.       
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WeWork pushes IPO back at least a month

New York Post - 17 Sep 2019 04:06
WeWork pushes IPO back at least a month The owner of office sharing startup WeWork agreed late Monday to postpone its stock debut until at least October -- the latest in a series of setbacks to its initial public offering plans, The Post has learned. Earlier M...
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Bitcoin Volatility Drops To Lowest Since May Bitcoin has been experiencing rather low volatility lately. What will break the cryptocurrency out of its current slump?
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Adobe Inc on Tuesday forecast fourth-quarter revenue below Wall Street expectations as the software maker faces intense competition in a fast-growing cloud market, sending shares down 4.3% in after-market trading.
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The popular glasses maker is said to be working with Facebook on a wearable AR headset that will ship between 2023 and 2025, if development proceeds apace.
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Oil-Market Turbulence Whipsaws Junk Bonds

Wall Street Journal - 17 Sep 2019 21:40
Volatility in oil prices is whipsawing the U.S. high-yield bond market, with investors focusing on junk bonds of oil-and-natural gas companies. California Resources and Chesapeake Energy were the top-traded high-yield bo...
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Uber announced that it'll begin mapping public roads in downtown Dallas this November to support the development of its self-driving cars.
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Evolving Moore's Law with chiplets and 3D packaging

Venture Beat - 17 Sep 2019 21:06
New design and packaging innovations enable new varieties of lighter, low-power, customized processors ideal for Big Data and AI applications.
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Amazon today released a data set -- the Topical Chat data set -- intended to help support high-quality research in the field of dialogue systems.
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Google's new Key Moments feature surfaces shortcuts to pivotal footage in lengthy video clips. It's now available for English-language YouTube videos.
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Mobile games on iOS and Android will earn $68.5 billion in 2019, according to a new report from market research firm Newzoo.
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Facebook revealed in a blog post that its automated systems helped to identify and ban 200 white supremecist groups from its platform.
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