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Reuters: Business News

Exclusive: WeWork considers dramatic valuation cut in IPO 2019-09-13 13:49:44WeWork owner The We Company may seek a valuation in its upcoming initial public offering of between $10 billion and $12 billion, a dramatic discount t

UPS to pay $8.4 million to resolve U.S. 2019-09-13 13:45:36United Parcel Service Inc has agreed to pay the United States $8.4 million to resolve allegations it overcharged federal agencies for package deliver

PG&E settles wildfire claims with insurers for $11 2019-09-13 13:44:38PG&E Corp said on Friday it has reached an $11 billion settlement to resolve most claims by insurance carriers related to 2017 and 2018 wildfires

Apple, Broadcom keep Wall Street gains in check 2019-09-13 13:29:44Losses in shares of U.S. technology majors Apple and Broadcom held the S&P 500 just under record levels on Friday, as traders balanced the latest

Crisis-hit Boeing readies huge effort to return 737 2019-09-13 13:05:50As Boeing Co sets its sights on winning approval to fly its 737 MAX within weeks, following a six-month safety ban, engineers around the world are ro

Factbox: What needs to happen before Boeing's 737 2019-09-13 13:04:58Boeing Co's best-selling jet, the 737 MAX, was grounded globally in March, days after the crash of an Ethiopian Airlines flight that followed a simi

Solid U.S. retail sales calm some worries about 2019-09-13 13:02:01U.S. retail sales increased more than expected in August, pointing to solid consumer spending that should continue to support a moderate pace of econo

IMF has a decision to make in Argentina: 2019-09-13 12:56:52The International Monetary Fund has a tough choice to make in Argentina: Unlock over $5 billion in funds under the country's loan deal as the governm

U.S. appeals court says Trump cannot dodge foreign 2019-09-13 12:54:32A U.S. federal appeals court on Friday revived a lawsuit alleging President Donald Trump violated the U.S. Constitution by profiting from foreign and

VW CEO shifts strategy from empire building to 2019-09-13 12:50:03Volkswagen has abandoned its decades-old obsession with empire building and no-expense-spared engineering to free up resources for the development an

Hong Kong exchange vows to press on with 2019-09-13 12:33:54Hong Kong's exchange refused to give up on its bid to take over the London Stock Exchange after the British bourse emphatically rejected its $39 bil

Indian's top trader body seeks ban on Amazon, 2019-09-13 11:35:03A leading Indian trader body asked the government on Friday to ban upcoming festive sales on Amazon's local unit and its rival Flipkart, saying their

L.A. Times - Business

Kevin McKidd's Hollywood Hills home 2019-09-13 13:51:32Built in 1953, the single-story villa expands to a courtyard with a fountain and a landscaped yard with a terraced patio and swimming pool.

Negative interest rates are real, but don't expect 2019-09-13 13:23:08Trump wants the Federal Reserve to cut interest rates "to zero, or less." It's happening in other countries.

Actors Topher and Ashley Grace buy in La 2019-09-13 13:11:00Actor Topher Grace of "That '70s Show" fame and wife, Ashley have bought a charming traditional-style home in La Cañada Flintridge for $2.97

Topher Grace's La Cañada Flintridge home | Hot 2019-09-13 13:10:44The two-story Traditional-style home sits on a leafy lot of about two-thirds of an acre.

Lou Ferrigno's Arroyo Grande compound | Hot Property 2019-09-13 12:26:13The Mediterranean-style home sits behind gates on a five-plus-acre hilltop lot in Arroyo Grande.

Original TV 'Hulk' Lou Ferrigno buys compound near 2019-09-13 11:49:47Lou Ferrigno, who gained fame as the title character on the show "The Incredible Hulk," has bought a compound near Pismo Beach for $2.9 million.

Column: Justice Gorsuch calls for 'civility,' always a 2019-09-13 09:00:45Justice Gorsuch joins the push for 'civility' in debate, which is always aimed at shutting down debate

Column: When a hospital sling costs 900% more 2019-09-13 08:00:36This is yet another example of in-your-face medical pricing that often reflects not what things really cost but what healthcare businesses think they

'Shahs of Sunset' star and husband showcase a 2019-09-13 08:00:34Reza and Adam Farahan took a 1940s Toluca Woods cottage down to the studs in the quest for a fresh, open feel. And their five cats got their own bedro

A swift fall from political power for PG&E, 2019-09-13 08:00:20A PG&E effort to ask the California Legislature to help the company pay off wildfire claims fell flat this year at the state Capitol.

Before and After | 'Shahs of Sunset' star 2019-09-13 08:00:09Reza and Adam Farahan took a 1940s Toluca Woods cottage down to the studs in the quest for a fresh, open feel. And their five cats got their own bedro

Neighbors are using these smart cameras to track 2019-09-13 07:00:09Neighborhoods around Los Angeles are signing up for a new service: security cameras that automatically read the license plates of every car that drive

Economy

US consumer prices rise a slight 0.1% in 2019-09-12 08:32:00Consumer prices slowed in August, rising by a slight 0.1%, reflecting a big drop in the cost of gasoline and other energy products.

US weekly jobless claims drop to five-month low 2019-09-12 08:30:00The number of Americans filing applications for unemployment benefits fell to a five-month low last week.

Mnuchin says Trump could do a China trade 2019-09-12 08:08:00But Mnuchin tells CNBC Trump still has all options available to him, including raising taxes on imports from China.

China wants a two-track approach to the trade 2019-09-12 07:49:00China wants to draw a line between talks about trade and other foreign affairs, the Wall Street Journal reported on Thursday.

Trump's approval on the economy slides as recession 2019-09-11 10:34:00Approval of Trump's handling of the economy has started to slip as fears about a recession crept into financial markets and pockets of the general pu

US producer prices unexpectedly rise in August 2019-09-11 08:30:00U.S. producer prices unexpectedly rose in August and underlying producer prices rebounded.

Weekly mortgage applications rise as buyer's market takes 2019-09-11 07:03:00Homebuyers are taking advantage of lower mortgage rates and a slow summer for sellers, and that is driving mortgage applications higher. Total mortgag

Trump says Fed 'boneheads' should cut interest rates 2019-09-11 06:46:00President Donald Trump on Wednesday continued his verbal assault on the Federal Reserve, who he blames for slowing the economy.

US job openings decline for second straight month 2019-09-10 10:46:00U.S. job openings fell for a second straight month in July amid decreases in wholesale trade and the federal government, which could bolster economist

Amazon is hiring over 30,000 workers in these 2019-09-10 10:32:00Amazon Career Day is coming Tuesday, Sept. 17.

Peter Navarro says he's certain House Democrats will 2019-09-10 09:09:00President Donald Trump's trade advisor Peter Navarro

Real US debt levels could be 2,000% of 2019-09-09 12:27:00Putting all that together paints a daunting picture but one that requires nuance to understand.

NYT > Economy

Recession or Slowdown? Why You Should Care About 2019-09-13 05:00:32The economy seems to be cooling off. Whether it starts to shrink is the question.

Salvadorans, Washington’s Builders, Face Expulsion Under Trump 2019-09-13 05:00:11Tens of thousands of workers in and around the capital were here legally because of adversity in their homeland. Now they are fighting to stay.

New Lawsuit Against Uber Is Set to Test 2019-09-12 17:56:18A class-action suit on behalf of drivers in federal court in California, filed on Wednesday, accused Uber of wrongly classifying drivers under the sta

Trump Wants Negative Rates. Here’s How That Would 2019-09-12 13:36:47The U.S. has never cut interest rates below zero, but such a move has been considered. There are some big hurdles.

California’s Contractor Law Stirs Confusion Beyond the Gig 2019-09-11 20:55:09After state lawmakers voted to extend minimum-wage and other protections to independent contractors, Uber said it would not treat its drivers as emplo

California Approves Statewide Rent Control to Ease Housing 2019-09-11 20:34:20The measure, affecting millions of tenants, is the biggest step in a nationwide surge of initiatives to address rising costs and homelessness.

Trump Calls for Fed’s ‘Boneheads’ to Slash Interest 2019-09-11 17:44:12President Trump urged Fed Chair Jerome H. Powell to cut borrowing costs below zero in Twitter posts hours before a key European Central Bank meeting.

California Bill Makes App-Based Companies Treat Workers as 2019-09-11 15:05:48Legislation near final approval would affect drivers for ride-hailing services, food-delivery couriers, janitors and others now viewed as contractors.

Hiring Slowed in August, but Wage Gains Accelerated 2019-09-11 11:47:57The figures show that the economy continues to add jobs but at a more modest pace as the trade war intensifies and global growth slows.

California Rent Control Bill Advances, Fueled by Housing 2019-09-11 11:10:09Millions of tenants would be covered by a measure championed by Gov. Gavin Newsom in his first year in office. Final approval could come Wednesday.

Share of Americans With Health Insurance Declined in 2019-09-11 00:17:50The drop, despite a strong economy, was the first since 2009 and at least partly caused by efforts to weaken the Affordable Care Act.

California Labor Bill, Near Passage, Is Blow to 2019-09-09 20:15:05The companies seem to have fallen short in efforts to dodge legislation classifying many workers in the gig economy as employees and not contractors.

Business - The Huffington

MoviePass Shuts Down Its Service After Years Of 2019-09-13 16:50:12MoviePass' parent company appeared unsure if it the movie ticketing service would ever be restored.

Possible Strike Looms At General Motors 2019-09-13 14:48:23The United Auto Workers union and GM will hit a negotiating deadline this weekend, just as the union faces more embarrassing corruption news.

It Takes A Village To Create Sustained Institutional 2019-09-12 10:45:38Strengthening tomorrow through diversity and inclusion starts with us today.

Lyft Updates Safety Policies Amid Sexual Assault Lawsuit 2019-09-10 18:02:38An attorney representing 14 women who say they were assaulted by Lyft drivers called the company's updated policies a "cheap public relations stunt.

Why CEOs Are Failing At Inclusion — & 2019-09-10 08:56:52“You can’t be an ally or advocate unless you’re willing to take action. Even micro-actions can make an impact.”

New York To Investigate Facebook Over Possible Antitrust 2019-09-06 11:23:41The joint probe with several other states will look at how the social media giant's market dominance affects user data, consumer choice and the price

How Amazon Hooked America On Fast Delivery While 2019-09-05 13:20:17Our investigation found Amazon escapes responsibility for its role in deaths and serious injuries even though the company keeps a tight grip on how th

4 Ways To Incorporate Diversity Into Your Workplace 2019-09-05 09:27:04“We have made progress over the last half-century in terms of diversity and inclusion. … But the work is far from done.”

14 Women File Lawsuit Against Lyft After Reporting 2019-09-04 23:34:16At a news conference, one woman recounted a horrific kidnapping and rape that she said took place after she summoned a Lyft ride using its app.

YouTube To Pay $170 Million Fine After Violating 2019-09-04 14:04:18The settlement follows allegations that the video service collected children's personal data without their parents’ consent.

Navigating The Road To Education & Workplace Success 2019-09-03 16:28:13“Even if you make it to college, there’s a real chance you won’t make it to graduation. We need to rethink the systems that result i

Bugatti Chiron Smashes Through 'Inconceivable' Speed Record 2019-09-02 22:52:01The car broke through the 300-mph barrier during a test run last month.

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Realty sector welcomes stimulus for stalled projects, but 2019-09-14 09:58:37They rued that the government has not adequately addressed the issue of demand slowdown and lower sales

Infosys opens new R&D centre in Arizona, to 2019-09-14 08:31:10Arizona Technology and Innovation Centre has a special focus on autonomous technologies, Internet of Things (IoT), full-stack engineering, data scienc

Measures for real estate are good, but may 2019-09-14 08:17:32Besides this special window, interest rate on housing building advance is proposed to be lowered and linked to the 10-year G-sec yields

Export promotion scheme, shopping fests: FM's new measures 2019-09-14 08:01:50Make sense of all the announcements made by Finance Minister Nirmala Sitharaman for the exports sector

Rs 70,000 cr package announced for exports, realty 2019-09-14 07:47:15For exporters, a new scheme for reimbursement of taxes paid on exports will come into effect from January 2020 to replace existing dispensations

Aadhaar verification to be must for new dealers 2019-09-14 07:29:09Those who don't want Aadhaar authentication, physical verification will be carried out, which will be completed in three days, Sushil Kumar Modi said

Take CMs' views before changing FinCom's terms of 2019-09-14 04:43:43the Centre changed the terms of reference of the 15th Finance Commission and mandated the panel to suggest ways for allocation of non-lapsable funds f

Gurgaon Metro on the wrong track! Poor location 2019-09-14 04:16:14The Rapid Metro was constructed by IL&FS Infrastructure in two phases. Low ridership, high cost and poor location is believed to be responsible fo

Drones hit two Saudi Aramco oil facilities, fire 2019-09-14 02:30:25Online videos showed a massive blaze on the horizon, with the apparent sound of gunfire in the background

Best of BS Opinion: Price cuts as good 2019-09-13 22:14:00Here's a selection of Business Standard opinion pieces for the day

Focus on sustainability of agriculture, not loan waivers, 2019-09-13 17:48:55RBI panel says banks should partner agri-tech firms to provide quick loans to farmers

Finance panel won't accept Centre's GDP forecasts, says 2019-09-13 17:42:26The medium-term fiscal policy statement, tabled as part of the Union Budget 2019-20, forecasts nominal GDP for 2019-20 to grow 11 per cent year-on-yea

Insider.pro

Bank Santander Launches Ethereum-based Bond 2019-09-12 17:53:42 The bank has launched the bond right onto the Ethereum blockchain.

Russia's Large Bank Launches First Liquidity Blockchain Service 2019-09-12 14:28:02 The new customizable service enables the bank’s corporate clients to manage their payments, loan and deposit products, and liquidity pool insid

France to Block Facebook's Cryptocurrency Development in Europe 2019-09-12 12:20:35 French Economy and Finance Minister Bruno Le Maire claims that in the current "conditions," Europe cannot authorize the development of Libra.

Iranian Crypto Miners Will be Exempt From Paying 2019-09-12 08:30:00 Iranian cryptocurrency miners will be able to enjoy a tax exemption if they repatriate overseas earnings.

Bitcoin.com To Launch Bitcoin Cash Futures 2019-09-12 06:30:00 The company has started to negotiate with various brokers and exchanges in order to launch regulated BCH futures in the U.S.

Binance.US Will Start User Registrations Next Week 2019-09-12 05:00:00 Binance's U.S. subsidiary will open user registrations next week.

Large Korean Mobile Carrier Launches Blockchain 2019-09-11 19:00:28 ELYNET implements blockchain to improve communication for clients who rely on a single carrier for telecom service.

BitPay Bans Donations to Hong Kong 2019-09-11 17:05:13 BitPay's team is reportedly working to fix that data validation requirement issue

Mastercard & R3 to Launch New Blockchain for 2019-09-11 14:16:35 R3 will tie its own open-source blockchain Corda with the Mastercard new platform.

Coinbase May Launch Its Own Token & IEO 2019-09-11 12:02:18 The company believes there is a really interesting opportunity for the exchange in the IEO sector.

Hong Kong Exchange Makes Offer to Buy LSE 2019-09-11 09:30:00 The financial holding Hong Kong Exchanges and Clearing has made an offer to buy the operator of the London Stock Exchange.

OKEx To List Hedera Hashgraph Crypto 2019-09-11 08:30:00 The crypto exchange plans to add HBAR to its platform.


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