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Reuters: Business News

John Bogle, Vanguard founder and low-cost investing pioneer, New! 2019-01-17 13:56:35John Bogle, whose family's struggles during the Great Depression led him to pioneer low-cost investing and to found Vanguard Group, now the world's

Fossil to sell smartwatch technology worth $40 million New! 2019-01-17 13:40:24Fossil Group Inc said on Thursday it would sell its intellectual property related to a smartwatch technology currently under development to Alphabet I

Indian air safety watchdog orders extra checks on New! 2019-01-17 13:33:21India's air safety watchdog on Thursday directed airlines to make extra checks on their Airbus A320neo aircraft fitted with Pratt & Whitney engin

Banca Carige questions Fitch's downgrade New! 2019-01-17 13:24:59Banca Carige on Thursday challenged a downgrade by ratings agency Fitch, saying it reserved the right to ask authorities to look into the "anomalous

ECB concerned by reports Spanish bank BBVA hired New! 2019-01-17 13:15:59The ECB has expressed concerns over reports that Spanish bank BBVA hired a former police chief in 2004 to spy on a would-be buyer and some of its off

Health, defense stocks help Wall St grind higher New! 2019-01-17 13:11:24U.S. stocks eked out gains on Thursday to consolidate near a one-month high, helped by advances in healthcare and industrial shares and as the financi

Hedge fund pushes for share buyback at Gulfport New! 2019-01-17 12:53:58Firefly Value Partners said on Thursday that it wants Gulfport Energy Corp. to buy back $500 million worth of shares, an action the hedge fund argues

Before start of new oil pact, OPEC made New! 2019-01-17 12:36:43OPEC cut oil output sharply in December before a new accord to limit supply took effect, it said on Thursday, suggesting that producers have made a st

Trump tariffs force tough choices at U.S. auto New! 2019-01-17 12:32:16Bob Roth makes no bones about his feelings towards U.S. manufacturing.

Britain's RBS seeks investor backing for share buyback New! 2019-01-17 12:25:40Royal Bank of Scotland will consult with shareholders on plans to buyback shares owned by the British government using excess capital to accelerate a

Volatile market hits Morgan Stanley's trading, wealth management New! 2019-01-17 12:20:56Morgan Stanley's quarterly profit fell short of expectations as bond trading revenue slumped more than rivals and its wealth management business fal

Lampert wins Sears bankruptcy auction with $5.2 billion New! 2019-01-17 12:15:28Sears Holdings Corp Chairman Eddie Lampert won a bankruptcy auction to buy the once iconic U.S. retailer after presenting an improved offer of $5.2 bi

L.A. Times - Business

John Bogle, Vanguard founder who revolutionized investing with 2019-01-16 18:20:00John Bogle, who popularized the low-cost index-based mutual fund as founder of Vanguard Group Inc. and insisted that most stock-picking money managers

In blow to Los Angeles, SpaceX is moving 2019-01-16 17:30:00In a reversal of a deal local officials had touted as a win for Los Angeles tech, SpaceX will no longer be developing and building its Mars spaceship

Los Angeles County hosts a record 50 million 2019-01-16 17:15:00Marking the eighth year in a row of tourism growth, Los Angeles County hosted an estimated 50 million visitors in 2018, reaching a target milestone tw

Bank earnings lift stock indexes to small gains 2019-01-16 17:15:00Banks surged Wednesday following strong results from a slew of financial companies, and U.S. stock indexes finished broadly higher. Concerns about tra

Roku gave a platform reaching millions to Alex 2019-01-16 16:35:00At his parents' home in suburban Clarksville, Md., on Monday night, Daniel Madison and his brother were itching to see "Fyre Fraud," the new Hulu d

Huge financial industry merger comes amid tumult prompted 2019-01-16 16:15:00One of the biggest financial industry mergers in a decade comes amid tumult in the payments-processing business, which is being upended by a wave of s

T-Mobile executives were Trump hotel customers while seeking 2019-01-16 15:55:00Last April, telecom giant T-Mobile announced a mega-deal: a $26-billion merger with rival Sprint, which would more than double T-Mobile's value and g

The nation's largest banks enjoyed $111 billion in 2019-01-16 14:05:00The six biggest U.S. banks have never had a $100-billion year. Until now. Goldman Sachs Group, JPMorgan Chase and their peers have already reported mo

Sears dodges another bullet as Eddie Lampert wins 2019-01-16 14:05:00Eddie Lampert, the dogged billionaire who’s hitched his career and reputation to a fading American retail icon, will get another chance at reviv

Millions of ‘Fortnite’ accounts were at risk of 2019-01-16 11:35:00A flaw in Epic Games Inc.’s hugely popular “Fortnite” put the accounts of millions of players at risk of malicious attack, researche

Supreme Court ruling gives truckers a victory and 2019-01-16 09:00:00A U.S. Supreme Court ruling clearing the way for drivers to sue trucking companies could have a major impact on the labor battle that has raged for ye

PG&E’s bankruptcy could slow California’s fight against climate 2019-01-15 18:35:00Climate change helped fuel the deadly fires that prompted California’s largest power company to announce Monday that it would file for bankruptc

Economy

US import prices fall; year-on-year drop largest since 2019-01-16 08:31:00U.S. import prices fell for a second straight month in December as the cost of petroleum products tumbled and a strong dollar curbed prices of other g

Economist Ed Lazear: The stock market is the 2019-01-15 11:17:00"Given the volatility in the market," Lazear argues, "probably a few weeks worth of patience is not a terrible thing at this point" from the Fed o

The White House thinks the shutdown will be 2019-01-15 08:32:00The original estimate that the partial shutdown would subtract 0.1 percentage point from growth every two weeks has now been doubled.

'Not your grandmother's economy' — Cantor CEO Howard 2019-01-14 11:48:00The U.S. economy "feels good" and shows no sign of a recession in the next 12 months, says Lutnick, also CEO of Cantor spinoff BGC Partners.

Gundlach's warning on 'ocean of debt' adds to 2019-01-14 11:26:00Investor Jeffrey Gundlach warns that the debt load is about to become a bigger problem.

Yellen says economic uncertainty has prompted some retailers 2019-01-14 09:12:00Janet Yellen, former chair of the Federal Reserve, made the comments Monday during the National Retail Federation's annual Big Show in New York.

OppenheimerFunds CIO: There won't be an economic recession 2019-01-14 09:09:00Growing positive sentiment between the U.S. and China recently bodes well for stocks, says OppenheimerFunds' Krishna Memani.

If the shutdown lasts two more weeks, the 2019-01-11 11:37:00It will only take another two weeks to cost the economy more than the $5.7 billion Trump demanded for the border wall.

US consumer prices drop for the first time 2019-01-11 08:30:00U.S. consumer prices fell for the first time in nine months in December amid a plunge in the cost of gasoline.

Trump could take billions from disaster areas to 2019-01-11 07:38:00Under the proposal, Trump could dip into money set aside to fund civil works projects all over the country including storm-damaged areas of Puerto Ric

California Gov. Gavin Newsom pledges unemployment benefits to 2019-01-11 07:27:00California Gov. Gavin Newsom pledges the state will provide unemployment insurance benefits for furloughed workers impacted by the partial federal gov

Here's how lost furloughed federal worker paychecks could 2019-01-11 06:00:00Furloughed workers will lose over $2.2 billion in missed paychecks as the government shutdown enters day 21. The unemployment rate could jump a few t

NYT > Economy

Fed Ready to Pause on Interest Rate Increases 2019-01-09 17:33:08Fed minutes and comments by officials signal that the central bank will not raise rates at its next meeting, in January, and is unlikely to do so at t

China Offers Trump a Trade Peace Deal. It 2019-01-08 14:17:56Beijing’s proposed concessions may help both sides, but may not alleviate the tensions fueling its economic conflict with the United States.

Who Wants a Market Downturn? These Investors Actually 2019-01-06 19:32:22Some venture capitalists are rooting for a market dip to calm Silicon Valley’s overheated start-up scene.

As Big Retailers Seek to Cut Their Tax 2019-01-06 03:00:06If Walmart, Lowe’s and other companies win their property tax appeals, homeowners and small businesses will have to pay more or live with smalle

China Pours $218 Billion Into the Economy as 2019-01-04 23:19:21The Chinese central bank’s move is intended to send a signal that Beijing is ready to stem a slowdown that has darkened the global outlook.

Strong Hiring and Fed Chief’s Reassurance on Rates 2019-01-04 20:44:25A December gain of 312,000 jobs sent stocks up more than 3 percent, and the Federal Reserve chairman offered soothing words on the central bank’

Powell Says a ‘Patient’ Fed Is Watching for 2019-01-04 18:42:45Jerome H. Powell, the Federal Reserve chairman, also said that if asked to resign by President Trump, he would refuse.

Fed Chairman Powell to Markets: I Hear You 2019-01-04 18:08:04His message to investors seemed to repair the damage from his remarks two weeks ago.

U.S. Auto Sales Put Up a Big Number, 2019-01-03 20:25:39The industry sold more than 17 million vehicles for the fourth straight year. But it is relying more on fleet sales, and economic winds are not favora

Big Tech May Look Troubled, but It’s Just 2019-01-01 20:16:04Even as Facebook, Google and others confronted challenges in 2018, their ambitions were undimmed. After all, so much of life remains undisrupted.

‘I Have Seen Many Crises’: Steel Magnate Stands 2018-12-31 18:11:15Despite being hurt by inflation, a falling currency and import tariffs imposed by the Trump administration, Fuat Tosyali, a Turkish industrialist, pla

China’s State Media Finds Good News in Underwear 2018-12-28 13:56:49An unorthodox economic indicator points to an improving outlook in China’s rust belt. Economists are skeptical, but there are precedents for thi

Business - The Huffington

Nordstrom Co-President Blake Nordstrom Dead At 58 2019-01-03 03:23:00Nordstrom had worked at the chain for more than 40 years.

U.S. Stocks Suffer Worst Year Since 2008 Financial 2018-12-31 17:13:13Despite a dismal year, the market closed out 2018 on a bright note.

Retail Sector Enjoys Best Holiday Season In 6 2018-12-27 04:15:24Consumers in the U.S. spent more than $850 billion between Nov. 1 and Dec. 24 this year, according to early retail data.

People On Twitter Shred Study Claiming Millennials Are 2018-12-26 15:58:26"'Deciding to freelance' is a strange way of saying 'being forced into job insecurity,'" one person tweeted in response to the Fast Company piec

'I Feel Like I'm Failing Them': How Low-Income 2018-12-24 19:31:20These families worry about lost wages if they take off and how to pay for child care if they work over the holidays.

U.S. Stocks Fall Sharply Ahead Of Christmas Holiday 2018-12-24 13:37:11It's very possible that the market will end this month as the worst December for stocks since 1931.

Dow Jones Index Takes Biggest Dive Since 2008 2018-12-21 17:49:42A possible government shutdown is one of many factors driving down the stock market.

Chipotle's Mandatory Arbitration Agreements Are Backfiring Spectacularly 2018-12-20 15:09:49The company is facing a flood of arbitration cases over alleged wage theft. A judge called the company's efforts to block them "unseemly."

Women Often Can’t Afford Tampons, Pads In Federal 2018-12-20 12:22:44The new justice bill would require U.S. prisons to give menstrual hygiene products to inmates for free.

Facebook Allowed Some Tech Companies To Read And 2018-12-19 06:10:53Since 2010, the tech giant has reportedly granted over 150 companies deeper access to users’ personal data than it has admitted.

This Is What Happens When You Find Meaning 2018-12-18 00:01:11It’s important for employees to find fulfillment at their jobs — here are some ways organizations can help them do so.

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Jet Airways turns volatile; up 15% from day's 2019-01-17 04:18:00The stock moved higher by 9 per cent to Rs 296, bouncing back 15 per cent from its early morning low of Rs 257 on the BSE.

Naresh Goyal ready to put Rs 700 cr 2019-01-17 04:14:00Jet Airways Chairman Naresh Goyal says this is subject to the condition that his shareholding post such infusion is at least 25%

Govt defers deadline to submit bids for auction 2019-01-17 03:52:00In DSF-II, 59 discoveries have been clubbed into 25 contract areas spread over 3,042 square km and eight sedimentary basins

Remembering Jack Bogle, the man who helped investors 2019-01-17 03:46:00Bogle, who founded the Vanguard Group, squeezed profit margins on Wall Street, which he loudly and persistently criticised for treating investors poor

Federal Bank dips 5% post December quarter earnings 2019-01-17 03:25:00The stock was down 5 per cent at Rs 87, falling 7 per cent from intra-day high of Rs 93 on the BSE on back of heavy volumes.

A trade secrets theft probe may give more 2019-01-17 03:20:00With intellectual property so fundamental to the US and its global dominance, fighting that battle starts to make the war against Huawei very real

Infosys is implementing next-gen I-T filing system: All 2019-01-17 03:07:00The move will help in bringing down the income tax return (ITR) processing time to one day and hence speed up refunds

Farmers had lost interest in agri when we 2019-01-17 02:52:00A big reason for farmers' loss of interest in agriculture, said Singh, was previous governments' failure to address critical issues related to farmi

NGT asks Volkswagen to deposit Rs 100 cr 2019-01-17 02:46:00The green tribunal had, last year, fined the carmaker Rs 100 crore for the presence of defeat devices in their vehicles

FPIs hike stake in gold loan companies Muthoot, 2019-01-17 02:25:00Manappuram Finance (up 36 per cent) and Muthoot Finance (up 32 per cent) outperformed the market by surging over 30 per cent since October 2018, as co

BHEL to set up electric vehicle charging points 2019-01-17 02:06:00India is pushing for greater use of electric vehicles to reduce vehicular pollution and cut dependence on oil imports

In 2019's first big data breach, over 772 2019-01-17 02:05:00The cache of emails and passwords appears to have been built up from numerous data breaches dating back to 2008

Insider.pro

Canada May Use Blockchain for Its ID System 2019-01-16 16:18:43 The Canadian Bankers Association thinks Canada should build a digital ID system with the help of blockchain tech.

WordPress Develops New Platform with Blockchain Features 2019-01-16 14:00:00 WP is teaming up with Google, Lenfest, Civil funder ConsenSys, and Knight to develop a next-generation publishing platform.

Binance Launches Fiat-to-Crypto Exchange in Europe 2019-01-16 12:30:00 The new platform allows to trade in BTC/GBP, ETH/GBP, BTC/EUR and ETH/EUR trading pairs.

LedgerX Announced a Bitcoin Volatility Index 2019-01-16 08:45:00 LedgerX has announced the launching of the “LedgerX Volatility Index” (LXVX), which will track the expected price volatility for Bitcoin.

Chevron, Total and Reliance Joined Blockchain-based Oil Trading 2019-01-16 07:30:00 Chevron, Total and Reliance have joined a group of oil and gas companies in Vakt, a digital platform for crude oil trading based on the blockchain te

1.5 Million People Used dApps Last Year 2019-01-16 06:10:00 Decentralized applications, or dApps, were used by around 1.5 million people throughout 2018, according to data and insights from Dapp.com.

Ethereum Constantinople Hard Fork is Postponed 2019-01-15 17:33:10 A new critical vulnerability is found in smart contract architecture.

SBI Group Invests in Crypto Wallet Breadwinner 2019-01-15 16:40:00 At press time, the amount of investment is still unknown.

Bitfinex Presents RSK Infrastructure Trading Feature 2019-01-15 15:00:40 The trading is available against BTC and USD.

Cryptopia Exchange Hacked, Suffered ‘Significant Losses’ 2019-01-15 12:55:47 Exchanged involved Government Agencies who are jointly investigating the matter.

BitMex Shuts Down Trading Accounts in the US 2019-01-15 09:50:00 The Hong Kong-based crypto exchange BitMex is closing all trading accounts in the United States and in the Canadian province of Quebec.

Crypto Exchanges Experienced “Record Transacting Volumes” in 2018 2019-01-15 07:40:00 Recent data suggests that major cryptocurrency exchanges experienced “record transacting volumes” in 2018.



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