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Business News

Location American Business News for 15 November 2019
Under Armour is making headlines again over its accounting practices. Here's how the company's billionaire founder, Kevin Plank, makes and spends his money. Kevin Plank founded Under Armour, a leading athletic-wear brand, 23 years ago in his grandmother's basement. On October 22, Under Armour announced that Plank would be stepping down from his role as CEO and will be replac...
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U.S. Retail Sales Rebounded in October

Wall Street Journal - 15 Nov 2019 15:35
U.S. Retail Sales Rebounded in October Americans spent more on shopping in October, signaling consumer spending remains on solid footing.
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Walmart's Glass Is More Than Half Full Heading Into The Holidays Walmart's performance in the third quarter should serve as a powerful reminder to the retail community that the world's largest retailer remains a formidable competitor even as Amazon continues its assault on the rest of...
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Warren Buffett invested $200 million in a fancy furniture retailer with a CEO who likes to quote him Kevin Lamarque/Reuters Warren Buffett invested more than $200 million in a fancy furniture retailer with a boss who has a history of quoting the legendary investor. Buffett's Berkshire Hathaway conglomerate bought $206 m...
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The U.S. and China are nearing a trade deal, but President Donald Trump isn't ready to sign off, White House economic adviser Lawrence Kudlow said Thursday.
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Activist investor Carl Icahn will not have access to Occidental Petroleum Corp's Anadarko takeover records to support his proxy fight against the oil firm's board, a Delaware court judge ruled on Thursday.
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Amazon appeals $10B Pentagon contract won by Microsoft

New York Post - 15 Nov 2019 04:18
Amazon appeals $10B Pentagon contract won by Microsoft SAN FRANCISCO -- Amazon is protesting the Pentagon's decision to award a $10 billion cloud-computing contract to Microsoft, citing "unmistakable bias" in the process. Amazon's competitive bid for the "war cloud" project ...
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Oil prices posted early gains as OPEC's outlook for oil demand next year fueled hopes that the producer group and its associates will keep a lid on supply when they meet to discuss policy on output next month.
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Alibaba Group Chairman Daniel Zhang said Hong Kong's "future is bright" as the ecommerce giant kicked off the retail campaign for its secondary listing in the city gripped by increasingly violent protests and recession.
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BT Sport Ties Up Lucrative Champions League Rights For Another Four Years In The United Kingdom BT Sport has reportedly retained its UEFA Champions League football coverage across the United Kingdom for the next round of broadcast rights.
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Just before 8 a.m. on Thursday, shots rang out at Saugus High in Southern California, in a school shooting that left two dead and several other students injured. The 16-year-old suspect, a student at the Santa Clarita sc...
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For Wall Street Analysts, It's Location, Location, Location

Wall Street Journal - 15 Nov 2019 21:36
New research shows that analysts are unduly influenced by what is going on close to home.
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Adidas is having a huge sitewide 30% off sale -- these are the 10 best sneaker deals Adidas Adidas is currently having an exclusive sitewide sale until November 15 at 11:59 p.m. PST. Customers can save 30% online with some exclusions. Use the promo code "GIVEADI" at checkout to receive the discount. You ...
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Backed by Dell, three former Apple employees are preparing to take on larger chipmakers with power-efficient server chips akin to Apple's A-series CPUs.
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Amazon's Small Business Academy: Do We Need One More? Is there a shortage of small-business academies, institutions, schools, etc., etc., etc.? Don't we have enough? Amazon thinks there is a need for one more and is investing its resources to launch a new one. For the rest ...
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Is S Corporation Election Right For My Business? It Depends On Your Business Structure The potential advantages of electing for S Corporation tax treatment are a bit different for LLCs and corporations. Learn the basics of both business structures and how an S Corp election affects each.
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Path of Exile 2 announced at ExileCon

Venture Beat - 15 Nov 2019 23:35
Grinding Gear Games announced Path of Exile 2 today, a sequel to its hit action role-playing game. Don't expect to play it for awhile though.
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PUBG Mobile has been downloaded over 100 million times in India, according to the analysts at Niko Partners.
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It's time to integrate events into your digital marketing mix. Learn how it can drive adoption, boost loyalty, unlock big opportunies, and more.
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Princess Nokia Sheds Designer Clothes (Literally) In 'Balenciaga' Video Princess Nokia's "Balenciaga" video is decidedly NSFW, and gives a telling look into her upcoming album.
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VentureBeat's editorial team is taking a close look at issues and transformative tech reshaping our world, starting with a special issue about AI and power.
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German legislators are pushing Apple to allow non-Apple Pay NFC transactions through its devices. But that's not Apple's only NFC problem right now.
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