RSS Business Headlines

  • Up from the ashes: Samsung unveils successor to Note 7 phone August 23, 2017
    NEW YORK (AP) — Samsung is trying to move past last year's disastrous Galaxy Note 7 launch with a successor sporting a dual-lens camera, animated messages, expanded note-taking — and lower battery capacity.
    The Associated Press
  • Walmart joins forces with Google on voice-activated shopping August 23, 2017
    NEW YORK (AP) — Walmart is diving into voice-activated shopping. But unlike online leader Amazon, it's not doing it alone.
    The Associated Press
  • Whole Foods shareholders say yes to Amazon deal August 23, 2017
    NEW YORK (AP) — Whole Foods shareholders voted Wednesday to bless a $13.7 billion union with Amazon that the organic grocery chain's CEO had called "love at first sight."
    The Associated Press
  • Court upholds insider trading conviction of money manager August 23, 2017
    NEW YORK (AP) — The conviction of an Ivy League-educated ex-portfolio manager accused of engineering the most lucrative insider trading scheme of all time while working for billionaire Steven A. Cohen was upheld Wednesday by a divided federal appeals court.
    The Associated Press
  • US new-home sales fell in July, yet still ahead of last year August 23, 2017
    WASHINGTON (AP) — Sales of new U.S. homes plummeted 9.4 percent in July, the sharpest one-month drop in nearly a year. But the decline followed strong sales in previous months, and sales so far this year are outpacing last year's.
    The Associated Press

RSS Business and Finance

  • Computer-game tournaments go mainstream August 17, 2017
    Neymar, watch outFIREWORKS detonated, smoke wafted over the stage and confetti began to fall. Seventeen thousand fans cheered the European players of Team Liquid, with monikers like “MinD_ContRoL” and “MATUMBAMAN”, who had just triumphed over a Chinese side to win The International, a tournament held in Seattle’s KeyArena on August 7th-12th. In the stands Max […]
  • A trade dispute threatens America’s booming solar industry August 17, 2017
    LAST year California Solar Systems (CSS), a small installer of residential solar panels, decided to “Buy American”. It turned to Suniva, a Chinese-owned firm that makes photovoltaic panels in Georgia and Michigan, rather than use cheap imports. But according to CSS’s boss, Bastel Wardak, Suniva was unable to deliver what it promised, leading to unacceptable […]
  • The Catholic church becomes an impact investor August 17, 2017
    The pontiff makes an impact“YOU cannot serve both God and money,” admonishes the Bible. But the church has always tried. In the Middle Ages monasteries were what would now be termed social enterprises. They would produce bread, books or other goods. A Franciscan monk is credited with codifying double-entry book-keeping.These days the Catholic church and […]
  • China modernises its monetary policy August 17, 2017
    QIN SHIHUANG was the emperor who first unified China, through bloody conquest more than two millennia ago. Known for starting the Great Wall and burying scholars alive, he has a new claim to fame: the central bank has drawn on his construction of a national road system to help explain its new monetary system. In […]
  • The Trump administration is investigating Chinese trade practices August 17, 2017
    BEING tough on China was a constant theme of President Donald Trump’s election campaign. On August 14th he had another chance to wield his presidential pen to show that he is making good on his promises—in this case of a “zero-tolerance policy on intellectual-property theft and forced technology transfer”. With the cameras rolling, he formally […]
  • Marine contractors have made huge leaps in productivity August 17, 2017
    Ship shapeTHE Innovation, a 147-metre ship docked in Rotterdam, looks like a cross between an oil rig and a robot from a “Transformers” film. Her crane has been loading on giant pipes throughout the night. Soon the ship will travel to sea, where an automated hammer will drive the pipes into the ocean floor to […]
  • Efficiency eludes the construction industry August 17, 2017
    NINE years ago the first concrete was poured for Berlin Brandenburg airport. It was expected to open in 2012, to cost €1.2bn ($1.8bn) and to welcome 34m passengers each year. Today the only people in its terminals are those with hard hats. Six times over budget, the project has had 66,500 building errors in need […]
  • China’s digital-payments giant keeps bank chiefs up at night August 17, 2017
    IN WESTERN countries it is common to talk about American technology being dominant. From an Asian perspective that seems off. Fresh from visiting the region, where buskers and kerbside fishmongers can be paid by presenting a phone, Schumpeter has found it a shock being back in New York. There, buying most things involves signing bits […]
  • The North American Free-Trade Agreement renegotiation begins August 17, 2017
    THE North American Free-Trade Agreement (NAFTA), a 23-year-old trade deal between America, Mexico and Canada, is being revamped. On August 16th, after months of threats, taunts and tweets, the first round of talks started in Washington. The negotiators face a daunting challenge, straddling domestic and foreign policy. They must please their political masters while grappling […]
  • Hedge funds try to promote sports betting as an asset class August 17, 2017
    Chasing the moneyWHEN he was 12, Warwick Bartlett bought “100 Famous Greyhound Systems”, a guide for betting on dog races. After spending a year tracking every stratagem and picking the best two, he went to the races to take his first punts. He lost. Mr Bartlett, now the boss of GBGC, a betting consultancy, says it […]
  • American business leaders break with Donald Trump August 17, 2017
    “I’VE never known it to be an embarrassment for a business leader to be associated with an American president,” declares Max Bazerman of Harvard Business School. Donald Trump, in particular, has positioned himself as a businessman-president, whose corporate acumen would unleash a new era for American business. Investors seemed to believe him—his election prompted a […]
  • A firm that shares a name with its founder earns higher profits August 14, 2017
    A GOOD business name can be pricey. An entrepreneur looking for the perfect one can hire a naming agency to offer ideas, but that can cost tens of thousands of dollars. That may explain why many founders follow the example of the current American president and name their businesses after themselves. A recent article* by […]