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Business News

Location American Business News for 24 October 2019
Oil prices dipped on Thursday on lingering concerns about a weak demand outlook, after surging more than 2% in the previous session on the back of a surprise draw in U.S. crude stocks.
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WeWork Employee Options Underwater as Ex-CEO Reaps

Wall Street Journal - 24 Oct 2019 00:33
WeWork Employee Options Underwater as Ex-CEO Reaps Adam Neumann stands to get up to $1.7 billion as part of a deal with SoftBank to step away from office-space startup WeWork. The company's employees aren't doing so well.
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China Soy Deal Not That Big A Deal

Forbes - 24 Oct 2019 16:27
China Soy Deal Not That Big A Deal One step forward after one step back means no real gain as China just announces a return to the U.S. ag market.
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China's property developers have used falling U.S. interest rates this year to issue swaths of dollar debt. Yet the state of the country's housing market--now past its prime--suggests investors would do well to steer cle...
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This article first appeared at ProPublica. ProPublica is a Pulitzer Prize-winning investigative newsroom. Sign up for The Big Story newsletter...
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U.S. Trade Representative Robert Lighthizer met this week with Democratic lawmakers to try to resolve their concerns about the U.S.-Mexico-Canada (USMCA) trade agreement as Republicans increased pressure to get the deal ...
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Retailers fret about this year's shorter holiday shopping window. With 26 days to shop from Thanksgiving to Christmas, down from 32 last year, some merchants are panicked. Walmart expects "an intensity inside the stores."
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Executive to Leave Fast-Growing Hedge-Fund Start Up

Wall Street Journal - 24 Oct 2019 18:19
Peter Hornick, an executive at the largest-ever hedge fund startup, ExodusPoint Capital, is leaving after less than two years, people familiar with the matter said.
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Microsoft Sees Few Clouds on Tech Horizon

Wall Street Journal - 24 Oct 2019 18:18
If there is a broad tech slowdown coming, Microsoft isn't seeing it, as was the message Microsoft sent out late Wednesday with its fiscal first-quarter results.
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New orders for key U.S.-made capital goods fell more than expected in September and shipments also declined, a sign that business investment remains weak amid the continuing fallout from the U.S.-China trade war but othe...
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After 21% Sales Plunge, Has Boeing Bottomed Out? Boeing is getting smaller and its cash is getting tighter. Will the 737 MAX really be re-certified in 2019?
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The trail reaches as far as private schools and interior designers, says Transparency International.
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U.S. weapons maker Raytheon Company reported better-than-expected third-quarter profit on Thursday and raised its full-year earnings and sales outlook, helped by higher demand for weapons including missile warning system...
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Sleek, behemoth Nordstrom to open in Midtown -- defying death of department stores Who says retail is dead? On Thursday, the largest free-standing store to open in Manhattan since Dwight Eisenhower was president makes its debut. The new Nordstrom at 225 W. 57th St., between Seventh Avenue and Broadway,...
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Google employees worry software tweak threatens to silence dissent The company says the change is simply an effort to improve its employee calendar system.
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I love retro video games (hence this column’s existence). I also love Disney. Yes, I’m one of those folks, the person who would karaoke a song from Moana at the bar. That guy who spends 75% of his vacations at Disney...
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Hasbro has shut down its Backflip Studios (maker of DragonVale) mobile game business in Boulder, Colorado, according to social media posts.
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Researchers Find Racial Bias in Hospital Algorithm

Wall Street Journal - 24 Oct 2019 23:14
Researchers Find Racial Bias in Hospital Algorithm New study finds bias in a common algorithm hospitals use to deploy extra medical help: It favored healthier white patients over sicker black patients.
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American Airlines Group and Spirit Airlines executives said on Thursday they were working with Airbus SE to mitigate the impact of U.S. tariffs on European-made aircraft, including having more planes delivered from Mobil...
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Intel hit earnings and revenues guidance for the third quarter ended September 30, thanks to strong data center revenue during the period.
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Amazon today reported fiscal Q3 2019 earnings, including revenue of $70.0 billion, net income of $2.1 billion, and earnings per share of $4.23.
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The Problem of Political Advertising on Social Media

The New Yorker - 24 Oct 2019 20:48
Sue Halpern on the Facebook C.E.O. Mark Zuckerberg's evasion of responsibility for the false information disseminated in political ads on the platform, and the ambiguity of election laws about social media.
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