Top Business Headlines in the US // January 24, 2018 7:59 PM

in #news6 years ago

Federal safety board is investigating Tesla freeway crash

The U.S. National Transportation Safety Board is investigating the California crash of a Tesla Model S electric car that may have been operating under its semi-autonomous "Autopilot" system. It's the second time the board has looked into a Tesla crash, and li…
By: ABC News
Read More: http://abcnews.go.com/Technology/wireStory/ntsb-investigating-crash-tesla-freeway-52584110
Wednesday, January 24, 2018 7:44 PM

Here Are The 180 Toys 'R' Us Stores That Are Closing


By: Phil Wahba
Read More: http://fortune.com/2018/01/24/toys-r-us-closings/
Wednesday, January 24, 2018 6:56 PM

Dan Gilbert: Detroit lost Amazon bid due to 'negative reputation,' not talent shortage


Billionaire businessman Dan Gilbert lead Detroit's proposal to be the next home for Amazon last year -- but Amazon wasn't impressed.
By: Ken Haddad
Read More: https://www.clickondetroit.com/news/dan-gilbert-detroit-lost-amazon-bid-due-to-negative-reputation-not-talent-shortage
Wednesday, January 24, 2018 6:48 PM

Now weighing in on net neutrality: AT&T CEO and ... Burger King?


AT&T CEO Randall Stephenson called for Congress to pass an Internet Bill of Rights to solve the tumultuous quest for net neutrality protections.
By: Mike Snider
Read More: https://www.usatoday.com/story/tech/talkingtech/2018/01/24/t-ceo-calls/1061071001/
Wednesday, January 24, 2018 6:39 PM

Meg Whitman Tapped as CEO of Jeffrey Katzenberg's Mobile Content Venture


Meg Whitman has been appointed CEO of a new venture backed by Jeffrey Katzenberg that aims to revolutionize entertainment with short-form premium content customized for mobile consumption. Whitman …
By: Andrew Wallenstein, Andrew Wallenstein
Read More: http://variety.com/2018/digital/news/meg-whitman-tapped-as-ceo-of-jeffrey-katzenbergs-mobile-content-venture-1202674576/
Wednesday, January 24, 2018 6:00 PM

SEC investigating GE charge; company posts $10 billion loss


https://s1.reutersmedia.net/resources/r/?m=02&d=20180124&t=2&i=1224848122&w=1200&r=LYNXMPEE0N110

U.S. securities regulators are probing a massive insurance charge recently announced by General Electric Co (GE.N), the latest blow to the nation's largest industrial conglomerate as it struggles to reverse steep declines in some of its units and is looking t…
By: Reuters Editorial
Read More: https://www.reuters.com/article/us-ge-results/sec-investigating-ge-charge-company-posts-10-billion-loss-idUSKBN1FD1IC
Wednesday, January 24, 2018 5:59 PM

Stocks skid as tech companies fall; dollar tumbles


http://www.latimes.com/resizer/xGk-rKbB38cm4RIs2nKNgtnuy8k=/1200x0/www.trbimg.com/img-5a68c5ee/turbine/la-fi-markets-20180124

U.S. stocks are sinking Wednesday as losses for Texas Instruments and other chipmakers, as well as Apple, pull technology firms lower. The dollar is weaker after Treasury Secretary Steven Mnuchin said the falling dollar is good for U.S. exporters, suggesting …
By: Associated Press
Read More: http://www.latimes.com/business/la-fi-markets-20180124-story.html
Wednesday, January 24, 2018 5:46 PM

Kimberly-Clark to use savings from tax cuts to pay for layoffs


Kimberly-Clark — maker of brands such as Kleenex, Scott and Huggies — said the savings it receives from the new tax-cut law will help them pay for a restructuring program that includes layoffs.
By: Naomi Jagoda
Read More: http://thehill.com/policy/finance/370498-kimberly-clark-to-use-savings-from-tax-cuts-to-pay-for-layoffs
Wednesday, January 24, 2018 5:29 PM

If you work for Disney, Walmart or any company giving out bonuses, here's what to do with the money


AT&T and several other large corporations have announced they're distributing four-figure checks to employees. Use your windfall wisely.
By: Kathleen Elkins
Read More: https://www.cnbc.com/2018/01/24/what-to-do-with-your-corporate-bonus.html
Wednesday, January 24, 2018 5:10 PM

Starbucks expands its paid sick leave and parental leave after tax cuts — and employee requests


http://www.trbimg.com/img-5a689756/turbine/ct-biz-starbucks-raises-stock-grants-tax-law-20180124

Starbucks is giving its U.S. workers pay raises and stock grants this year, citing recent changes to the tax law.
By: Jena McGregor
Read More: http://www.chicagotribune.com/business/ct-biz-starbucks-raises-stock-grants-tax-law-20180124-story.html
Wednesday, January 24, 2018 4:41 PM

Airline stocks tumble after United unveils expansion plan


http://www.latimes.com/resizer/vNVeajlNweopEe2m5VNEGzlq9bA=/1200x0/www.trbimg.com/img-5a68af40/turbine/la-fi-united-continental-airfares-20180124

Airline stocks went into a nosedive Wednesday on investor fears that a plan by United Airlines to grow rapidly will undercut prices and profits. Shortly after the opening bell, shares of United Continental Holdings Inc. were down 10.2% at $70.05. American, De…
By: Associated Press
Read More: http://www.latimes.com/business/la-fi-united-continental-airfares-20180124-story.html
Wednesday, January 24, 2018 4:04 PM

Wall Street Chiefs Don't Think Central Bankers Will Ruin Their Party


Wall Street is betting incoming Federal Reserve Chairman Jay Powell and fellow central bankers can pull back the punch bowl without spoiling the party too much.
By: Erik Schatzker, Simon Kennedy
Read More: https://www.bloomberg.com/news/articles/2018-01-24/wall-street-chiefs-see-central-bankers-not-ruining-their-party
Wednesday, January 24, 2018 3:59 PM

Stephanie Katelnikoff, CP Rail Conductor Dismissed For Banff Crash, Fired Again For Social Media Posts


An investigation showed modelling photos and posts critical of Canadian Pacific Railway.
By: Jessica Chin
Read More: http://www.huffingtonpost.ca/2018/01/24/stephanie-katelnikoff-cp-rail-conductor-dismissed-for-banff-crash-fired-again-for-social-media-posts_a_23342288/
Wednesday, January 24, 2018 3:42 PM

Search continues for woman who fell overboard on Carnival Cruise


Search and rescue efforts are underway for 44-year-old Juwanna Brooks after she fell overboard from a Carnival Cruise ship Sunday night.
By: http://www.facebook.com/wgno
Read More: http://wgno.com/2018/01/24/search-continues-for-woman-who-fell-overboard-on-carnival-cruise/
Wednesday, January 24, 2018 3:25 PM

AT&T wants Congress to draft a net neutrality law. Here's why that's a big deal.


The telecom giant is hoping to end the debate once and for all.
By: https://www.facebook.com/brian.d.fung
Read More: https://www.washingtonpost.com/news/the-switch/wp/2018/01/24/att-is-pushing-for-a-net-neutrality-law-that-covers-isps-and-tech-companies-too/
Wednesday, January 24, 2018 3:18 PM

Under Trump Appointee, Consumer Protection Agency Seen Helping Payday Lenders


Former Rep. Mick Mulvaney accepted campaign money from payday lenders. Now he's in control of the Consumer Financial Protection Bureau, and the agency has delayed implementing payday lending rules.
By:
Read More: https://www.npr.org/2018/01/24/579961808/under-trump-appointee-consumer-protection-agency-seen-helping-payday-lenders
Wednesday, January 24, 2018 3:12 PM

They'll Help Take Your Home Off Your Hands—So You Can Buy One of Theirs


Lennar Corp. builds homes with 2-by-4s and nail guns. Opendoor uses computer algorithms to buy and sell them. For the past year, the companies have been testing a way to make it easier for Lennar’s customers to offload their houses and trade up to new ones.
By: Patrick Clark
Read More: https://www.bloomberg.com/news/articles/2018-01-24/lennar-backs-startup-that-buys-homes-so-customers-can-trade-up
Wednesday, January 24, 2018 2:49 PM

Backlash ensues over Bank of America's attempt to nickel and dime the poor


Consumers stage an online protest over a policy change that seems designed to hurt low-income customers
By: Nicole Karlis
Read More: https://www.salon.com/2018/01/24/backlash-ensues-over-bank-of-americas-attempt-to-nickel-and-dime-the-poor/
Wednesday, January 24, 2018 1:02 PM

Qualcomm to appeal $1.23B fine from EU over LTE chip dominance in the iPhone


Qualcomm's longstanding dominance in LTE chipsets for smartphones, and specifically with Apple's iPhone, is getting a major hit today. The European..
By: Ingrid Lunden
Read More: https://techcrunch.com/2018/01/24/eu-slaps-1-23b-fine-on-qualcomm-over-lte-chip-dominance-in-the-iphone/
Wednesday, January 24, 2018 12:57 PM

Jack Ma: Don't use trade as a weapon, use it to solve problems


The founder and executive chairman of Alibaba added that "Made in America" or "Made in China" will soon be a thing of the past.
By: David Reid
Read More: https://www.cnbc.com/2018/01/24/jack-ma-dont-use-trade-as-a-weapon-use-it-to-solve-problems.html
Wednesday, January 24, 2018 12:22 PM

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