Business & Economics

Business networking event offering up tricks and treats

nzherald.co.nz

Business networking event offering up tricks and treats


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US stock indexes close mostly higher; new highs for Dow, S&P

siouxcityjournal.com

US stock indexes close mostly higher; new highs for Dow, S&P


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Dow ends at record after briefly crossing 23,000 points

channelnewsasia.com

Dow ends at record after briefly crossing 23,000 points


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Pentagon fears hackers could crash the stock market

rt.com

Pentagon fears hackers could crash the stock market


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Whole Foods sets opening date for Union Station store, Cap Hill location to close Nov. 12

9news.com

Whole Foods sets opening date for Union Station store, Cap Hill location to close Nov. 12


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Pizza Hut warns customers nearly 2 weeks after learning it was hacked

wdrb.com

Pizza Hut warns customers nearly 2 weeks after learning it was hacked


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Home / Business
IBM beats revenue estimates; hints at sales growth
(Reuters) - International Business Machines Corp’s () shift to newer businesses such as cloud and security services helped it beat analysts’ quarterly revenue estimates, and the technology major hinted at sales growth after nearly six years of declines. Shares of the Dow component rose nearly 5.1 percent to $153.93 in extended trading on Tuesday. IBM has been focusing on cloud, cybersecurity and data analytics, or what the company calls its “strategic imperatives”, to counter a slowdown in its legacy hardware and software businesses   Read More ...
Categories: Business | 
Tags: Corporate |  Enterprises |  Sales | 
Places: Americas |  North America |  United States | 
Small business owner flies protest banner over NFL game
Small business owner and Jacksonville Jaguars fan Terry Smiley is encouraging football fans to boycott the NFL over the national anthem protest.   Read More ...
Categories: Business | 
Places: Americas |  North America |  United States | 
White House Push to Help Workers Through Corporate Tax Cut Draws Skepticism
WASHINGTON — The White House inflated the potential benefits to workers from a proposed corporate tax cut, according to a Harvard University economist whose work informed the estimate, highlighting a challenge Republicans face as they push a tax rewrite that President Trump has promised will benefit the middle class. Mr. Trump’s Council of Economic Advisers said in a report released on Monday that reducing corporate taxes could raise average household incomes by as much as $9,000 a year   Read More ...
Categories: Politics & Government |  Business | 
Tags: Government |  White House |  Taxes |  Corporate |  Enterprises |  Corporate tax |  Taxation | 
Places: Americas |  North America |  United States |  White House | 
Mercury NZ lifts earnings outlook
Mercury NZ lifts earnings outlook as wet weather boosts North Island hydro generation By Paul McBeth. Oct. 18 (BusinessDesk) - Mercury NZ, the electricity generator-retailer formerly known as MightyRiverPower, raised its annual earnings guidance as the spell of wet weather boosted generation at its North Island hydro plants. Earnings before interest, tax, depreciation, amortisation and fair value movements are expected to be $515 million in the year ending June 30, 2018, up from a previous forecast of $500 million which was already an improvement on an initial forecast for ebitdaf of $495 million, Auckland-based Mercury said in a statement   Read More ...
Categories: Business | 
Tags: Corporate |  Enterprises |  Earnings | 
Places: Oceania |  Australasia |  Zealandia |  New Zealand | 
Wells Fargo ordered to repay customers who lost money on complex securities
An investment industry regulator has ordered Wells Fargo to pay $3.4 million to brokerage customers who lost money buying complicated securities that even Wells Fargo brokers didn’t fully understand. The Financial Industry Regulatory Authority, or Finra, said Monday that some Wells Fargo representatives mistakenly thought a kind of complex security linked to the popular Vix market-volatility index could be used to protect long-term investors in case of a stock market tumble   Read More ...
Categories: Business | 
Tags: Corporate |  Enterprises |  Customers | 
Places: Americas |  North America |  United States | 
Small Businesses Upset With Amazon's Subsidy Offers
Minnesota's governor says the state is submitting a "solid", "business-like" bid for Amazon's second world headquarters -- but some small business owners say the state should pay more attention to them, reports Pat Kessler ( 2:36). WCCO 4 News– October 17, 2017.   Read More ...
Categories: Business | 
Places: Americas |  North America |  United States | 
The Latest: Senators announce plan for insurance markets
WASHINGTON (AP) — The Latest on Congress and health care legislation (all times local): Republican and Democratic senators have announced a plan aimed at stabilizing America's health insurance markets in the wake of President Donald Trump's order to terminate "Obamacare" subsidies. Trump himself has spoken approvingly of the deal, but some conservatives are denouncing it as an insurance company bailout. Health insurance markets have been in limbo following GOP failures to repeal and replace the Affordable Care Act   Read More ...
Categories: Politics & Government |  Business | 
Tags: Government |  Parliament |  Senate |  Markets |  Insurance | 
Places: North America |  United States | 
New highs hit for Dow, S&P
Gains by health care companies led U.S. stock indexes mostly higher Tuesday, pushing the market further into record territory. The Dow Jones industrial average briefly climbed above the 23,000 mark for the first time, settling just below the milestone. Slight gains nudged the Dow and Standard & Poor’s 500 indexes to new highs for the second straight day this week. Health care companies posted some of the biggest gains following strong earnings from UnitedHealth Group and Johnson & Johnson   Read More ...
Categories: Business | 
Tags: Markets |  Stock Markets |  Shares |  Financial Markets | 
Places: Americas |  North America |  United States |  Midwest |  East |  Michigan | 
Jamaica to benefit from US$7.52-m grant funding
KINGSTON, Jamaica (JIS) — Jamaica is set to benefit from an initial US$7.52 million in grant funding under the ninth cycle of the Caribbean Development Bank's (CDB) Basic Needs Trust Fund (BNTF 9). The money will go towards the areas of education, transportation, enterprise development, and water and sanitation, through projects implemented by the Jamaica Social Investment Fund (JSIF). The allocation is part of a provision of US$40   Read More ...
Categories: Business | 
Tags: Finance |  Investments |  Investment Funds | 
Places: Americas |  Caribbean |  Jamaica | 
Insurance impact still minimal, says Kasaija
Insurance contributes a lot to the economic growth of society by provides stability to the functioning of process. This is because the insurance industries develop financial institutions and reduce uncertainties by improving financial resources. Considerable attention has been devoted to evaluating the relationship between economic growth and financial market deepening. Most of what we have learned relates to banking systems and securities markets – with insurance receiving only a passing mention   Read More ...
Categories: Business | 
Places: Africa |  Sub-Saharan |  E. Africa |  Uganda | 
Perceptions about insurance industry
Despite the long existence of insurance in Uganda, the industry still has challenges with getting the public on board. Presently, insurance has only 0.73 per cent penetration in Uganda. According to Mr Douglas Semakadde, the business development manager at Phoenix of Uganda Assurance Company Limited, their major customers are corporate organisations although, the Small and Medium Enterprise (SMEs) clients are more in number but mostly less valued in premiums   Read More ...
Categories: Business | 
Tags: Corporate |  Enterprises |  Insurance |  Customers | 
Places: Africa |  Sub-Saharan |  E. Africa |  Uganda | 
How National Health Insurance Scheme will benefit Ugandans
Ugandans are optimistic that the long-awaited Health Insurance law that will give birth to the National Health Insurance Scheme (NHIS) for all citizenry is not far from enactment.In July, the ministry of Finance awarded a certificate of financial implications to the National Health Insurance Bill, 2012 paving way for the creation of the scheme. The NHIS is expected to relieve ordinary Ugandans from directly pulling money out of their pockets to spend on medical bills   Read More ...
Categories: Business | 
Tags: Finance |  Insurance |  Health insurance | 
Places: Africa |  Sub-Saharan |  E. Africa |  Uganda | 
Triangle asks Amazon to look at seven sites for its new headquarters
With just two days to go, Triangle economic development officials on Tuesday mailed their pitch to Amazon to build its second headquarters here. States and local leaders across the country have scrambled to put together proposals that would convince the online retail giant to deliver a massive economic investment. Amazon gave the hopefuls until Thursday, and said it would make its choice known next year   Read More ...
Categories: Business | 
Tags: Economy |  Economics | 
Places: United States | 
Cash for CAB in Commission settlement with Tower
The Citizens Advice Bureau will receive approximately $75,000 as part of a settlement agreed between the Commerce Commission and Tower Insurance (Tower). Tower overcharged some of its customers by failing to properly apply multi-policy discounts. It offers a discount when customers hold more than one eligible insurance policy for car, house, contents or a boat. The total discount varies depending on the number and type of policies a customer holds   Read More ...
Categories: Business | 
Tags: Corporate |  Enterprises |  Insurance |  Customers | 
Places: Oceania |  Australasia |  Zealandia |  New Zealand | 
Business networking event offering up tricks and treats
It's a "trick and treat" theme for the next Whanganui Women in Business event which falls on Halloween. One of the treats in store will be Tracey Wilson, regional manager for ANZ Business Banking Taranaki and Whanganui, who will share her tips on navigating the road to success. Ms Wilson began her banking career filling chequebooks and 23 years later is in a senior leadership position   Read More ...
Categories: Business | 
Places: Oceania |  Australasia |  Zealandia |  New Zealand |  North |  Manawatu |  Whanganui | 
Market-beating value investor Bill Nygren on why he's bullish on Netflix, General Electric
The value investor explained he is bullish on Netflix shares even at a seemingly high price-to-earnings valuation multiple because the company has built a strong competitive position. "We think there is a lot of latent pricing increase availability here," he said. "The moat that Netflix has created is already large and grows as every day goes past." Competitors such as HBO Now charge $15 per month, which is much more expensive than Netflix's pricing even though the company spends more on content   Read More ...
Categories: Business | 
Tags: Finance |  Investments |  Investors | 
Places: Americas |  North America |  United States | 
8@eight: ASX in cool down mode after hot streak
Futures suggest that the Australian share market will open lower on Wednesday, snapping the hot streak it had over the past eight trading sessions. Wall Street struggled to get excited overnight even as the Dow hit 23,000 for the first time, and leads from overseas markets look fairly lacklustre. The local share price futures index was down six points, or 0   Read More ...
Categories: Business | 
Tags: Markets | 
Places: Oceania |  Australasia |  Australia | 
Fund managers bet on rising interest rates but not on tax-cut boost for stocks
Global fund managers are making big bets on higher interest rates, but they are not expecting U.S. tax reform to bring significant gains to the stock market or other risk assets. According to the monthly Bank of America Merrill Lynch survey, global fund managers are rotating into banks and Japan and out of utilities, bonds and emerging markets. Eighty-two percent say they expect bond yields to rise in the next 12 months, with a record 85 percent saying bond prices are overvalued   Read More ...
Categories: Business | 
Places: North America |  United States | 
Morgan Stanley earnings: 93 cents a share, vs 81 cents EPS expected
Morgan Stanley reported third-quarter earnings Tuesday that topped expectations after its wealth management business posted strong results, while its fixed income and equities traders navigated a tough environment better than peers at firms such as JPMorgan. The bank reported: Earnings per share of 93 cents versus 81 cents projected by analysts polled by Reuters. Revenue of $9.197 billion versus the expected $9   Read More ...
Categories: Business | 
Tags: Corporate |  Enterprises |  Earnings | 
Places: Americas |  North America |  United States | 
Stocks making the biggest moves premarket: UNH, MS, JNJ, HOG, CMA, NFLX & more
Check out which companies are making headlines before the bell: UnitedHealth Group – The nation's largest health insurer reported adjusted quarterly profit of $2.66 per share, ten cents a share above estimates. Revenue was slightly short of forecast, but the company is also predicting full-year profit of $10 per share, 13 cents a share better than consensus forecasts. Morgan Stanley – The investment firm came in 12 cents a share above estimates, with quarterly profit of 93 cents per share   Read More ...
Categories: Business | 
Tags: Corporate |  Enterprises |  Profits | 
Places: Americas |  North America |  United States | 
Larry Summers: Hassett's analysis of the Trump tax plan is 'dishonest, incompetent and absurd'
This article first appeared in Larry Summers' blog. Kevin Hassett, chair of the Council of Economic Advisers, accuses me of an ad-hominem attack against his economic analysis of the Trump administration's tax plan. I am proudly guilty of asserting that it is some combination of dishonest, incompetent and absurd. TV does not provide space to spell out the reasons why, so I am happy to provide them here   Read More ...
Categories: Business | 
Tags: Taxes |  Economy |  Economics |  Taxation | 
Places: Americas |  North America |  United States | 
US online retail sales likely to surpass $1 trillion by 2027: FTI
U.S. online retail sales will surpass $1 trillion by 2027 compared with $445 billion this year, according to a forecast by business advisory firm FTI Consulting, as more Americans move away from brick-and-mortar stores. Online sales will grow at a compound annual rate of 12 percent through 2020 and at a relatively moderate 9 percent over the next decade, according to the report released on Tuesday   Read More ...
Categories: Business | 
Tags: Corporate |  Enterprises |  Sales | 
Places: North America |  United States | 
Madame Tussauds-owner Merlin warns on profit after attacks deter tourists
Merlin Entertainments, operator of tourist attractions such as Madame Tussauds waxworks, warned on full-year earnings on Tuesday, blaming a dip in trading in its key summer period on a series of attacks in Britain, sending its shares tumbling. The stock fell up to 21 percent after Merlin forecast core earnings for 2017 in the range of 470 million pounds to 480 million pounds ($622-$636 million)   Read More ...
Categories: Business |  Travel & Recreation | 
Tags: Corporate |  Enterprises |  Earnings |  Travel & Tourism |  Tourism |  Tourists |  Profits | 
Places: United States | 
Trump's message to Tsipras: US may boost investments in Greece, a key NATO ally
The flow of U.S. investment to Greece is taking on a new urgency as the Trump administration looks to shore up economic and defense cooperation with a key NATO ally. On Tuesday, President Donald Trump is meeting with Greek Prime Minister Alexis Tsipras to discuss these issues. Foreign Minister Nikos Kotzias, Defense Minister Panos Kammenos, Minister for Economy and Development Dimitri Papadimitriou and Minister for Digital Policy Nikos Pappas accompanied the Greek prime minister   Read More ...
Categories: Politics & Government |  Business | 
Tags: Politicians |  Economy |  Finance |  Economics |  Investments |  Donald John Trump | 
Places: Americas |  North America |  United States |  Europe |  S.E. Europe |  Greece | 
Goldman Sachs earnings: $5.02 a share, vs $4.17 EPS expected
Goldman Sachs posted earnings Tuesday that easily beat expectations on the top and bottom lines. The company also disclosed it plans to buy back $8.7 billion in shares after being "extensively engaged" with shareholders on the issues. After rising during the premarket, shares fell at the market open and were last down about 1.5 percent. The bank reported: Earnings of $5   Read More ...
Categories: Business | 
Tags: Markets |  Corporate |  Enterprises |  Earnings | 
Places: Americas |  North America |  United States | 
Bitcoin is a 'speculative bubble' and unlikely to become a real currency, UBS says
Cryptocurrencies like bitcoin are in a "speculative bubble" and are unlikely to become mainstream currencies, according to UBS. There are over 1,000 cryptocurrencies, bitcoin being the biggest by market capitalization, and many have seen huge rises in value over the past few years. Bitcoin for example is up over 470 percent year-to-date. "We think the sharp rise in cryptocurrency valuations in recent months is a speculative   Read More ...
Categories: Business | 
Tags: Markets |  Currencies |  Currency market | 
Places: Americas |  North America |  United States | 
Senators have 'short-term plan' to stabilize Obamacare markets, as Trump's decision to kill crucial subsidies is raising health insurance rates
A Republican senator said he has reached a tentative deal with a Democratic counterpart to provide a short-term stabilization fix to Obamacare health insurance markets, NBC News reported. That deal between Sen. Lamar Alexander, R-Tenn., and Sen. Patty Murray, D-Wash., comes five days after President Donald Trump's decision to kill billions of dollars worth of crucial Obamacare payments to insurers. Trump's move, coupled with an executive order he signed Thursday, is widely expected to harm the Obamacare markets   Read More ...
Categories: Politics & Government |  Business |  Health | 
Places: Americas |  North America |  United States | 
Magic Leap gets another $502 million in funding for its mysterious product
The announcement confirms a report from last month that said the company was about to secure new funds from, among other players, Temasek, a company based in Singapore. Janus Henderson Investors and Grupo Globo also contributed to the D-round of investments. Magic Leap is an extremely secretive company that is aiming to produce a new sort of virtual reality experience, though little is known about the project or how it works   Read More ...
Categories: Business | 
Tags: Finance |  Investments |  Investment Funds | 
Places: Americas |  North America |  United States | 
New Sky Valley Foods CEO wants to fill gaps in the organic food landscape
Sky Valley Foods' new CEO Rodrigo Troni wants to fill the gaps in the organic food landscape. Organic foods are easily available in staples like produce and dairy, but that's not necessarily true for extras like condiments and flavorings, he said. And he sees that as a tremendous opportunity for Sky Valley. "It really is a different world. The food world has truly changed with consumption and the role emerging fast-growth companies can play as opposed to traditional (consumer product goods companies)," said Troni, who replaced interim CEO Scott Lurie on Monday   Read More ...
Categories: Farming |  Business |  Travel & Recreation | 
Places: Americas |  North America |  United States | 
IBM shares up after earnings beat
EPS: Excluding certain items, $3.30 in earnings per share vs. $3.28 in earnings per share as expected by analysts, according to Thomson Reuters. Revenue: $19.15 billion vs. $18.6 billion as expected by analysts, according to Thomson Reuters. IBM came close to stopping the drought of revenue growth that lasted for 21 quarters, but didn't manage to do that in the end   Read More ...
Categories: Business | 
Tags: Corporate |  Enterprises |  Earnings | 
Places: Americas |  North America |  United States | 
Trump appears to support a short-term deal to stabilize health-care markets
President Donald Trump on Tuesday appeared to signal his support for a tentative deal in Congress to stabilize insurance markets by extending cost-sharing reimbursements for two years – just days after Trump announced that the subsidies, known as CSRs, would be eliminated. "It is a short-term solution, so that we don't have this very dangerous little period – including dangerous periods for insurance companies," Trump said   Read More ...
Categories: Politics & Government |  Business |  Health | 
Places: Americas |  North America |  United States | 
Mexican Peso, Canadian dollar do about-face, rise on new hopes for NAFTA deal
The Canadian dollar and Mexican peso reversed losses and jumped against the dollar after trade officials said they were extending the negotiations towards a new NAFTA trade deal into next year. The two currencies slipped against the greenback earlier in the day, amid reports that Canada and Mexico would not agree to U.S. demands. But their losses were reversed late in the day, after the negotiators announced they would schedule rounds to discuss revamping the North American Free Trade Agreement, into 2018   Read More ...
Categories: Business | 
Tags: Markets |  Trade |  Currencies |  Dollar |  Currency market | 
Places: North America |  United States |  Canada |  Latin America |  Central America |  Mexico | 
It sounds like a 'Goldilocks' market to me: Expert
All week, the market has been breaking records. On Monday, U.S. stocks hit record highs as Wall Street looked ahead to the release of Netflix's quarterly results. On Tuesday, the Dow Jones industrial average rose, breaking above 23,000 for the first time. Despite these highs, Arone sees three major risks to the market. "U.S. earnings are beginning to decelerate. A monetary policy mistake certainly could derail the markets   Read More ...
Categories: Business | 
Tags: Markets | 
Places: Americas |  North America |  United States | 
CSX 'had some embarrassing situations' this year, CEO tells investors
The aggressive overhaul of CSX by CEO Hunter Harrison faced a number of setbacks last quarter, company executives said on a conference call with investors Tuesday. CSX reported third-quarter earnings largely in-line with expectations, according to FactSet. Shares of the third-largest railroad in the U.S. rose around 1 percent in midday trading. Harrison, who arrived in March, faced train accidents and multiple service delays as he works to implement a strategy he calls "precision scheduled railroading   Read More ...
Categories: Business | 
Places: Americas |  North America |  United States | 
News Today: GST And Demonetization Hits Small Business This Festive Season
The after-effects of demonetization and GST are being reflected by the response that shopkeepers and small business, which are earning less than normal avera   Read More ...
Categories: Business | 
Places: Asia |  S. Asia |  India | 
Hawaiian Airlines CEO shrugs off 'Southwest Effect' as budget carrier plans to enter market
The phrase refers to a pattern where nonstop fares are roughly $45 lower on routes serviced by Southwest Airlines than those that are not, according to a University of Virginia study. Low-cost carrier Southwest recently revealed that it plans to start selling tickets for service to Hawaii next year. But Hawaiian Airlines' Dunkerley said he believes the "Southwest Effect" to be most prominent on less competitive routes   Read More ...
Categories: Business |  Travel & Recreation | 
Places: Americas |  North America |  United States |  Hawaii | 
What would ETFs do in a 1987-style stock-market crash?
The stock market of 2017 is very different than the market of 1987, when a historic one-day collapse occurred, and one of the biggest changes is the now-ubiquitous presence of ETFs. The rapid growth of exchange-traded funds, which trade like stocks and offer exposure to basically every investible asset class, including major bond categories, commodities, and precious metals, has raised the question of how they might perform and what impact they might have during an intense crash like the one on Oct   Read More ...
Categories: Business | 
Tags: Markets |  Stock Markets |  Trade |  Shares |  Financial Markets | 
Places: Americas |  North America |  United States | 
BRIEF-Citi Trends' board of directors size increased to seven members‍​ ‍​
* Citi Trends Inc says on October 17, the board of directors of co increased the size of the board of directors to seven members - SEC filing Source text : ( bit.ly/2gNlZtq) Further company coverage:   Read More ...
Categories: Business | 
Places: Americas |  North America |  United States | 
Wall Street pros recall ‘sheer panic’ of October 1987 stock-market crash
The October 1987 stock-market crash that holds the record for the deepest one-day percentage drop still evokes memories of its carnage 30 years later. The S&P 500 index plunged into a bear market in a lone trading session on Oct. 19 that year, in what would later be described as the single-most horrendous panic-induced selling in Wall Street’s history. Here are some of the voices from that infamous day of trading   Read More ...
Categories: Business | 
Tags: Markets |  Stock Markets |  Financial Markets | 
Places: Americas |  North America |  United States | 
Venmo now offering online shopping - Dauer: 22 Sekunden
The popular app 'Venmo' isn't just for splitting the dinner check with your friends any more. A new option rolling out this week lets users shop online through the app at more than 2 million stores. Venmo is owned by PayPal, and its new features will work by tapping into its existing payment network.   Read More ...
Categories: Business | 
Tags: Markets |  Consumers |  Shopping | 
Places: Americas |  North America |  United States |  Northeast |  New England |  Connecticut |