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Business News

Location American Business News for 1 November 2019
Corporate America is seeing a spike in the age of CEOs being hired -- and yes, they're overwhelmingly white men Getty Images The average age of Fortune 500 and S&P 500 CEOs spiked in the last year, according to data from executive staffing firm Crist Kolder Associates. The overwhelming majority of CEOs are also white, though the n...
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Government officials around the globe targeted by hackers through Facebook's WhatsApp Senior government officials in multiple US-allied countries were targeted earlier this year with hacking software that used Facebook’sWhatsApp to take over users' phones, according to people familiar with the messaging...
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Unions representing flight attendants at the three U.S. airlines that operate Boeing Co's 737 MAX said they are more reluctant to support the grounded jet's return after Congressional hearings this week on its developmen...
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Investors to Big Oil: Make It Rain

Wall Street Journal - 1 Nov 2019 18:11
Investors to Big Oil: Make It Rain Investors want just one thing from the world's biggest oil companies--cash--but it is becoming harder for the oil giants to deliver.
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Closing The Entrepreneurial Gender Gap Could Increase The Global Economy By $5 Trillion A new study by Boston Consulting Group found that supporting female entrepreneurs could increase the GDP.
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U.S. job growth slowed less than expected in October as the drag from a strike at General Motors was offset by gains elsewhere, while hiring in the prior two months was stronger than previously estimated, offering assura...
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Oil prices rose on Friday but remained on track for a weekly loss as a surprise bounce in Chinese manufacturing activity calmed investors' worries about progress in U.S.-China trade talks.
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She Turned Her Passion for Aviation Into a Million-Dollar Business Janine Iannarelli specializes in a narrow niche where there are few women: selling business jets. Here's how she built a thriving company.
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Pinterest's Losses Widen as Expenses Ballooned

Wall Street Journal - 1 Nov 2019 02:43
Pinterest's Losses Widen as Expenses Ballooned Pinterest's losses swelled in the third quarter as the online image-sharing company's costs and expenses more than doubled, sending its shares sliding 19% in after-hours trading.
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Judge Approves Sale of Barneys to Authentic Brands

Wall Street Journal - 1 Nov 2019 01:23
Judge Approves Sale of Barneys to Authentic Brands A bankruptcy judge approved Barneys New York's sale to Authentic Brands Group, which will likely close almost all of the retailer's stores and license the Barneys name.
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New tech lets American Express instantly issue cards to immigrants; the end of Libor raises concerns about financial stability; regulators shutter banks in Kentucky and Ohio; and more from this week's most-read stories.
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High-skilled workers in small towns are a ‘waste of resources,’ says controversial Princeton study A study by economists at Princeton and the Fed suggests turning big cities into hubs for “cognitive” workers. Critics immediately blasted it as elitist. It would be more efficient if big cities like New York and San ...
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Thumbs Up for Jobs Growth, Thumbs Down for Efficiency

Wall Street Journal - 1 Nov 2019 18:12
Companies are in a funk, and yet they keep hiring. They may not have much choice.
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Bernie Sanders gawked at $4,500 shoes and said he's not one to 'flex,' in video with fashion and culture duo Desus and Mero Screenshots via DESUS & MERO on SHOWTIME YouTube Democratic presidential candidate Bernie Sanders appeared in an interview with Showtime hosts Desus and Mero for a more fashionable spin on his usual interviews. Sanders d...
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BlizzCon 2019: Every trailer and announcement

Venture Beat - 1 Nov 2019 22:25
Every trailer and announcement from BlizzCon 2019. Blizzard has a new Diablo and Overwatch. It's also making new content for World of Warcraft and more.
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Iguodala and his business partner Rudy Cline-Thomas are trying to teach other NBA players about VC investing because they think it can make a cultural impact.
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Overwatch is going to have full compatibility with all of the content in Overwatch 2. Blizzard says it doesn't want to leave players behind.
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Following the imposition of U.S. tariffs on certain Chinese-made products and components, Apple is requesting exemptions to keep its costs and prices down.
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Overwatch 2 revealed at BlizzCon

Venture Beat - 1 Nov 2019 21:16
Overwatch 2 is real. Blizzard announced the sequel today during the opening ceremonies for BlizzCon 2019 in Anaheim, California.
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Blizzard announced a new mode for Hearthstone today, Battlegrounds, during the opening ceremonies for BlizzCon 2019 in Anaheim.
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Dozens of lawmakers urge more flood insurance reforms

American Banker - 1 Nov 2019 21:00
A group of 64 House lawmakers is pushing congressional leadership to incorporate premium caps and address a new methodology for assessing risk in flood insurance reform legislation.
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Blizzard announced Hearthstone's next expansion and set of cards today during BlizzCon's opening ceremonies in Anaheim, California.
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