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Category : Business (Archive for 2018-09-10) News by Google
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Variety
CBS Shakeup: Moonves Out, Lawsuit Settled, New Board Members Named
Variety
CBS has made it official: Leslie Moonves is stepping down as chairman-CEO amid a cascade of sexual assault allegations, and CBS and National Amusements Inc. have settled the legal battle that erupted in May over control of the company. CBS chief ...

Washington Post
Asian stocks mixed on fears of more US tariffs on China
Washington Post
SINGAPORE — Asian shares were mostly lower on Monday after U.S. President Donald Trump declared he was considering tariffs on an additional $267 billion in Chinese goods, ratcheting up tensions between the world's two biggest economies.

USA TODAY
Jack Ma to step down as Alibaba chairman in September 2019
USA TODAY
BEIJING – Jack Ma, who founded e-commerce giant Alibaba Group and helped launch China's online retailing boom, announced Monday that he will step down as the company's chairman next September. In a letter released by Alibaba, Ma said he will be ...

Bloomberg
Fed's Rosengren Wants Two More Hikes in 2018 as Economy Grows
Bloomberg
One more interest rate hike in 2018 won't satisfy Eric Rosengren's definition of gradual. In an interview, the president of the Federal Reserve Bank of Boston made clear that, barring an unexpected turn for the U.S. economy, he'll push for two more ...

KFGO News
US SEC halts trading in 2 cryptocurrency products, citing market 'confusion'
Reuters
NEW YORK, Sept 9 (Reuters) - The U.S. Securities and Exchange Commission said on Sunday it was immediately suspending trading in two investment products that track cryptocurrencies, citing “a lack of current, consistent and accurate information.”.

Boston.com
Teen arrested in fatal shooting at Alabama McDonald's
Minneapolis Star Tribune
AUBURN, Ala. — Police say a teenager has been arrested in the shooting at an Alabama McDonald's near Auburn University that left one person dead and four others wounded. News outlets report the 17-year-old boy was arrested Sunday and charged with ...

CNBC
Trump's trade war against China may have a 'perverse reaction,' says CLSA economist
CNBC
The growing U.S.-China trade war may well push the world's second-largest economy to work toward winning even more global clout, according to an economist at a widely followed investment group. In fact, Eric Fishwick, head of economic research at CLSA, ...

The New Daily
Hoard of ancient Roman coins discovered in theatre basement
The New Daily
Archaeologists are studying hundreds of ancient Roman coins found on the site of a former theatre in northern Italy. The coins date back to the late Roman imperial era and were found in a soapstone jar in the basement of the Cressoni Theater in Como ...

Reuters
Oil rises as US drilling stalls, Washington sanctions on Iran loom
Reuters
SINGAPORE (Reuters) - Oil prices rose on Monday as U.S. drilling for new production stalled and as the market eyed tighter conditions once Washington's sanctions against Iran's crude exports kick in from November. FILE PHOTO: Oil tanker is seen at ...

CNBC
'Once-in-a-lifetime discovery' of gold reportedly delivers more than $10 million in four days
CNBC
A rare discovery of gold deposits in Western Australia has unearthed more than 15 million Australian dollars ($10.66 million) in four days, Australia's ABC News reported. The unearthed specimens — with the largest weighing 90 kilograms (more than 198 ...

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