Setup News Ticker
Trump blames China for problems with Kim summit
Remarks increase pressure on Beijing and seek to absolve US over nuclear talks - China, Economy & TradeMay 23, 2018
Trump's vague language on China talks deflates Asian stocks
Oil prices pull back on rumours Opec is considering relaxing supply caps

Reuters MoneyMay 23, 2018
Norway's wealth fund voted in favor of Shell CEO pay, against climate targets
OSLO (Reuters) - Norway's $1 trillion sovereign wealth fund, the world's largest, voted against a motion presented at the annual general meeting of Royal Dutch Shell calling on the energy giant to... - Financial MarketsMay 23, 2018
‘Investors should buy into record global dividend haul'
UK income stocks have higher yields on average, but the future is less certain

Reuters Company NewsMay 23, 2018
CORRECTED-UPDATE 2-Rio Tinto in talks for Grasberg copper stake sale
* Rio divesting assets that don't meet its return requirements

Reuters Company NewsMay 23, 2018
PRESS DIGEST- New York Times business news - May 23
May 23 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.

Reuters BusinessMay 23, 2018
Wynn shareholders reject executive compensation plan
(Reuters) - Shareholders of casino operator Wynn Resorts Ltd voted against the company's executive compensation plan at its annual meeting last week, Wynn said in a regulatory filing late on Tuesday.

Reuters Company NewsMay 23, 2018
UPDATE 1-SoftBank to sell Flipkart stake to Walmart, first known Vision Fund divestment
* Value of SoftBank's investment up 60 pct in less than a year (Adds details of SoftBank's investment strategy)

USA Today MoneyMay 23, 2018
Report: 61% of women would rather talk about their own death than money
Money is often a sore subject among women. 61% would rather discuss their own death than delve into money matters with associates and friends, as per a recent report by Merrill Lynch and Age Wave.        

CNBC BusinessMay 23, 2018
Vegas casino workers vote to authorize strike that may hobble famed resorts
Las Vegas casino workers vote to authorize strike at any time starting June 1.

Las Vegas casino workers vote to authorize strike - (Google Market News)

Reuters Company NewsMay 22, 2018
METALS-Copper slips as Trump curbs optimism over U.S.-China trade talks
(Adds analyst comment and nickel; updates prices) By Manolo Serapio Jr MANILA, May 23 (Reuters) - London copper futures edged lower on Wednesday, pulling back from the previous session's nearly one-month peak, after U.S. President Donald Trump said he was not pleased with recent trade talks between the United States and China. His comments on Tuesday came after U.S. Treasury Secretary Steven Mnuchin said over the weekend that the two countries had put the prospect of a trade war "on - Financial MarketsMay 22, 2018
Asia stocks wobble after Trump sours on China trade deal
A shift to a green energy economy is bringing a new variety of political tensions

Wall Street Journal US BusinessMay 22, 2018
Congress Pushes Back on White House Approach to Chinese Tech Deals
Lawmakers are moving to thwart Trump administration efforts to ease restrictions on Chinese telecom giant ZTE and other sensitive technology, citing fears the positions would compromise national security in the latest twist in trade negotiations.

Reuters BusinessMay 22, 2018
Asian shares pressured as Trump tempers Sino-U.S. trade optimism
TOKYO (Reuters) - Asian shares were mostly weak on Wednesday with investors cautious after U.S. President Donald Trump tempered optimism over progress made so far in trade talks between the world's two largest economic powers. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.2 percent, while Japan's Nikkei lost as much as 1.4 percent to hit a 1-1/2-week low and the Shanghai Composite Index retreated 0.6 percent.

GLOBAL MARKETS-Asian shares pressured as Trump tempers Sino-U.S. trade optimism (Reuters Company News)

MarketWatchMay 22, 2018
Facebook's Zuckerberg grilled by EU lawmakers over privacy, data
European Union law makers grilled Facebook Inc. Chief Executive Mark Zuckerberg Tuesday, peppering him with complex questions on topics ranging from election interference to whether the company operates a monopoly.

Facebook CEO Mark Zuckerberg again says 'I'm sorry,' but that doesn't go far enough for some EU officials (USA Today Money)

MarketWatchMay 22, 2018
The Wall Street Journal: Wynn Resorts' executive compensation plan rejected by shareholders
Shareholders in Wynn Resorts Ltd. voted overwhelmingly against the company's executive compensation plan, according to results released Tuesday, a rare public rebuke of the corporation's leadership in the months since founder Steve Wynn resigned amid sexual-misconduct allegations.

Washington Post BusinessMay 22, 2018
Congress approves plan to roll back post-financial-crisis rules for banks
The bill, now near certain to pass, scales back the rules but does not repeal them entirely.

How Congress Rolled Back Banking Rules in a Rare Bipartisan Deal - Wall Street Journal (Google Business News)

Reuters BusinessMay 22, 2018
J.C. Penney CEO Ellison jumps ship to Lowe's; shares sink
(Reuters) - J.C. Penney's Chief Executive Officer Marvin Ellison is leaving the struggling retailer to join home improvement chain Lowe's Cos Inc , the companies said on Tuesday, sending shares in the U.S. department store chain down as much as 8 percent to an all-time low.

UPDATE 3-J.C. Penney CEO Ellison jumps ship to Lowe's; shares sink (Reuters Company News)
J.C. Penney shares sink 8.8% after CEO Ellison leaves for Lowe's (MarketWatch MarketPulse)

Google Business NewsMay 22, 2018
JC Penney CEO Marvin Ellison quits for top job at Lowe's and tells staff it was a once-in-a-lifetime opportunity - Dallas News

Dallas News

J.C. Penney CEO Marvin Ellison is quitting the 116-year-old department store chain after three years to become CEO of home-improvement retailer Lowe's, and on Tuesday he called it a "gut-wrenching decision." Ellison made a 3.5-minute video for ...

JCPenney's CEO just signaled the end of retail as we know it - Business Insider (Google Business News) Updates: News DigestMay 22, 2018
3 - MADISON DEARBORN PARTNERS LLC (0001181100) (Reporting)
2018-05-22 0000899243-18-013792 35 KB

NPR Topics: BusinessMay 22, 2018
Sony Looks To Spend Billions Expanding Its Music Publishing Dominance
Sony's acquisition of EMI Music Publishing will add the vast majority of a legendary catalog of compositions to its already massive publishing vault.

Sony in $2.3 billion deal for EMI, becomes world's biggest music publisher - Reuters (Google Business News)

Reuters Company NewsMay 22, 2018
UPDATE 4-Congress eases post-crisis bank rules in victory for Trump
WASHINGTON, May 22 (Reuters) - The U.S. House of Representatives passed on Tuesday bipartisan legislation that would ease bank rules introduced in the wake of the 2007-2009 financial crisis, giving President Donald Trump a major legislative victory.

Reuters BusinessMay 22, 2018
China's ZTE estimates at least $3.1 billion loss from U.S. sanctions: Bloomberg
BEIJING (Reuters) - China's ZTE Corp is estimating losses of at least 20 billion yuan ($3.1 billion) due to Washington's ban on U.S. firms supplying the telecommunications firm, Bloomberg reported on Wednesday, citing unnamed sources.

Reuters BusinessMay 22, 2018
Small banks trump Wall Street on Dodd-Frank rewrite
WASHINGTON (Reuters) - Congress on Tuesday rolled back some of the restraints imposed on banks after the 2007-2009 global financial crisis, but big players like Goldman Sachs Group Inc , Morgan Stanley and JPMorgan Chase & Co , will not be breaking out the champagne.

UPDATE 1-Small banks trump Wall Street on Dodd-Frank rewrite (Reuters Company News)

Reuters Company NewsMay 22, 2018
UPDATE 3-Congress votes to ease post-crisis bank rules in victory for Trump
WASHINGTON, May 22 (Reuters) - The U.S. House of Representatives passed on Tuesday bipartisan legislation that would ease bank rules introduced in the wake of the 2007-2009 financial crisis, giving President Donald Trump a major legislative victory.

USA Today MoneyMay 22, 2018
Amazon should stop selling facial recognition software to police, ACLU and other rights groups say
The ACLU and civil rights groups are demanding Amazon stop selling a facial recognition tool to the government        

Reuters Company NewsMay 22, 2018
UPDATE 4-Trump floats management changes instead of sanctions for China's ZTE
WASHINGTON, May 22 (Reuters) - U.S. President Donald Trump on Tuesday floated a plan to fine ZTE Corp and shake up its management as his administration considered rolling back more severe penalties that have crippled the Chinese telecommunications company.

Washington Post BusinessMay 22, 2018
European lawmakers told Mark Zuckerberg they could regulate — or break up — Facebook
Facebook chief executive Mark Zuckerberg was pilloried at a hearing Tuesday with European policymakers who are investigating the social network's recent privacy mishaps.

CNN/MoneyMay 22, 2018
Amazon asked to stop selling facial recognition technology to police
Read full story for latest details.

Wall Street Journal US BusinessMay 22, 2018
Facebook CEO Dodges Tough Questions by EU Lawmakers
Mark Zuckerberg apologized to EU lawmakers over the fake-news and privacy scandals engulfing Facebook, but rebuffed suggestions that the company has outsize market power and avoided responding to many difficult questions.

Chicago Tribune Business NewsMay 22, 2018
Amazon is selling facial recognition to law enforcement - for a fistful of dollars
Amazon has been providing facial recognition tools to law enforcement agencies in Oregon and Orlando for only a few dollars a month, according to documents obtained by American Civil Liberties Union of Northern California, paving the way for a rollout of technology that is causing concern among...

Google Market NewsMay 22, 2018
US Oil Boom Is a Temptation That May Lure Ships Away From Iran - Bloomberg


The latest standoff between the U.S. and Iran may be leaving oil-tanker owners in more of a bind than in previous years. As the U.S. reimposes sanctions on the Islamic Republic, firms that help ferry Iranian oil risk losing access to the American

MarketWatchMay 22, 2018
Asia Markets: Nikkei leads Asian-market losses as investors' geopolitical worries grow
Japan's Nikkei slumped more than 1% in early trading Wednesday, as Asian stock markets pulled back following new uncertainty about trade tensions between the U.S. and China and the possibility that the summit between President Donald Trump and North Korean leader Kim Jong Un may be delayed.

The Motley FoolMay 22, 2018
Hewlett Packard Enterprise Company (HPE) Q2 2018 Earnings Conference Call Transcript
HPE earnings call for the period ending April 30, 2018.

Intuit Inc. (INTU) Q3 2018 Earnings Conference Call Transcript (The Motley Fool)

Accounting TodayMay 22, 2018
Biggest rollback of bank rules since Dodd-Frank clears house
The U.S. House has approved a sweeping overhaul of bank regulations, sending to President Donald Trump a bill that will give him a chance to make good on his vow to "do a big number" on the Dodd-Frank Act.

Yahoo BusinessMay 22, 2018
Cramer: If you want bigger gains, buy stocks that are sel...
Jim Cramer uses Amazon's stock to explain why buying broken stocks can boost investors' earnings.

Jeff Reeves's Strength in Numbers: 5 tasty food stocks to buy, and 5 stale ones to sell (MarketWatch)

MarketWatch MarketPulseMay 22, 2018
Urban Outfitters shares down 4% after earnings
Shares of Urban Outfitters Inc. fell more than 4% late Tuesday after the retailer reported first-quarter earnings and sales above Wall Street expectations. Urban Outfitters said it earned $41 million, or 38 cents a share, in the quarter, compared with $12 million, or 1 cent a share, in the year-ago period. Sales rose to $856 million, from $761 million a year ago. Analysts polled by FactSet had expected earnings of 31 cents a share on sales of $838 million for the quarter. Urban Outfitters stock ended the regular trading day down 2.6%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit for more information on this news.

Reuters Company NewsMay 22, 2018
US STOCKS-Wall St slips on U.S.-China trade talk uncertainty; energy falls
* Dow down 0.7 pct, S&P 500 down 0.3 pct, Nasdaq down 0.2 pct (Updates to close)

Google Business NewsMay 22, 2018
Amazon banning customers for too many returns - New York Post

New York Post

Turns out Amazon's 30-day return policy isn't so liberal after all. The company has been banning people it claims are sending back too many items, according to the Wall Street Journal. The e-commerce giant — whose self-proclaimed mission is "to be
Amazon Is Banning Some Frequent ReturnersFortune

Amazon Pushes Facial Recognition to Police. Critics See Surveillance Risk. - New York Times (Google Business News)

MarketWatchMay 22, 2018
CEO pay shrinks by $350,000 a year once activist hedge funds move in, study finds
Activist hedge funds such as those run by billionaires Carl Icahn, Bill Ackman and Daniel Loeb, have more of an impact on a company than just forcing management to dance to their tune. - USMay 22, 2018
Oil price rise puts the heat on Modi government
Record-high fuel costs have far-reaching effects across India's economy - China, Economy & TradeMay 22, 2018
Chinese carmakers fall after Beijing slashes import tariffs
Regulator drew unwelcome parallels with another tech group that ‘failed to innovate'

Chicago Tribune Business NewsMay 22, 2018
Why cities like Dayton and Sarasota are fueling Grubhub's growth
More first-time customers tried ordering food through Grubhub in the first quarter of this year than ever before as the Chicago-based company continues its expansion to new cities.

Grubhub has launched in 50 new cities so far this year, CEO Matt Maloney said Tuesday morning, following the release...

Wall Street Journal US BusinessMay 22, 2018
Amazon's Facial Recognition Fans Big Brother Fears
Dozens of civil-rights organizations called on to stop selling its facial-recognition technology to law-enforcement organizations.

Reuters Company NewsMay 22, 2018
UPDATE 2-U.S. House votes to ease post-crisis bank rules in victory for Trump
WASHINGTON, May 22 (Reuters) - The U.S. House of Representatives passed on Tuesday bipartisan legislation that would ease bank rules introduced in the wake of the 2007-2009 financial crisis, giving President Donald Trump a major legislative victory.

Forbes HeadlinesMay 22, 2018
What JCPenny Should Do Now And Why You Should Care
JCPenney's(JCP) shares fell today on news of the departure of Marvin Ellison, CEO. While it's tempting to look at JCP as a sad story of poor management, that is a defensive mindset that protects leaders from recognizing their own fallibility. Great leaders know that a crisis can happen to them.

MarketWatchMay 22, 2018
The Tell: Here's what happens if the oil rally turns into an ‘oil shock'
Rising oil prices are starting to become a drag on global growth, say economists at UBS, who take a look at what would happen if crude topped $100 a barrel.

NewsWatch: This oil price spike is the 11th largest in 70 years (MarketWatch)

Washington Post BusinessMay 22, 2018
10,200 people gave this Kickstarter start-up for 3-D headphones nearly $3 million. They have nothing to show for it.
The company, Ossic, told its backers that it wouldn't be delivering any remaining orders and was shutting down immediately.

Google Business NewsMay 22, 2018
ZTE Estimates at Least $3 Billion in Losses From US Ban - Bloomberg


ZTE Corp. is estimating losses of at least 20 billion yuan ($3.1 billion) from a U.S. technology ban that's halted major operations as clients pull out of deals and expenses mount, people familiar with the matter said. The telecoms gear and smartphone
ZTE reportedly expects

Chicago billionaire to buy Wrigley Building for $255 million (Chicago Tribune Business News)

CNN/MoneyMay 22, 2018
10 McDonald's employees allege sexual harassment
Ten female Mcdonald's current and former employees have filed sexual harassment complaints against the company over the past week.

Google Business NewsMay 22, 2018
Unpacking Elon Musk's daylong Twitter rant on unions and US history - Quartz


Elon Musk had a busy morning fixing Tesla's Model 3 braking issue and sparring with the Twitterverse today (May 22). A provocative tweet can send Musk off on a tangent. This week was no exception. One of Musk's tweets showing off the SpaceX crew ...
Tesla's Model 3 isn't really for the mass market -- it's a luxury car

Reuters Company NewsMay 22, 2018
UPDATE 9-Brent rises on supply concerns, U.S.-China trade worries weigh
* OPEC cuts, looming U.S. sanctions on Iran also support prices

Washington Post BusinessMay 22, 2018
The NYSE named a woman as president. Thirty years ago, its lunch club didn't have a ladies' room.
Still none of the biggest U.S. Wall Street banks has ever been led by a woman

Yahoo BusinessMay 22, 2018
Why Micron Technology, Eldorado Gold, and America's Car-Mart Jumped Today
Find out why the potential end of a government dispute helped one of these stocks.

Google Business NewsMay 22, 2018
US households, businesses see good times ahead: Fed - Reuters


WASHINGTON (Reuters) - Households are feeling more stable, small businesses are making money and many expect to expand and hire in the coming year, signs of continued optimism in two key parts of the economy, the Federal Reserve reported Tuesday ...
Jobs: 74% of adults

CNN/MoneyMay 22, 2018
Musk says Tesla will fix Model 3 problems that sparked negative review
Stung by a negative review of the Model 3 by Consumer Reports, Tesla CEO Elon Musk is promising to fix problems cited by the magazine.

Reuters Company NewsMay 22, 2018
UPDATE 8-Brent rises on supply concerns, U.S.-China trade worries weigh
* OPEC cuts, looming U.S. sanctions on Iran also support prices

Forbes HeadlinesMay 22, 2018
A Look At Micron Technology's Projected Growth
Micron (NYSE: MU) has performed strongly over the past couple of years. The company reported record revenue ($29.5 billion, 64% year-over-year) in 2017, and expects to grow by nearly 33% annually over the next two years. Revenue growth was seen across all the segments -DRAM, Trade NAND, and Other...

Wall Street Journal US BusinessMay 22, 2018
Santos Rejects $10 Billion Takeover Bid as Oil Prices Rise
Australia-based Santos rejected a $10 billion takeover bid by Harbour Energy, saying the offer undervalued it given recent oil-price gains.

Google Business NewsMay 22, 2018
China slashes tariffs on imported cars - CNNMoney


China is cutting the tariffs it charges on imported cars, giving a potential boost to foreign automakers in the world's largest market. The Chinese Finance Ministry said Tuesday that it will cut import duties on passenger vehicles to from 25% to 15
China Cuts Car Tariffs, in a Small Offering to US on TradeNew York Times

China cuts import duty on cars in concession to US ( - China, Economy & Trade)

Google Business NewsMay 22, 2018
10 Women Just Filed Sexual Harassment Complaints Against McDonald's - Jezebel


McDonald's, fast food conglomerate and alleged sexual harassment cesspool, is at the center of a slew of complaints filed by workers in the last week. The Fight for $15, which campaigns around pay increases for low-wage workers, and the TIMES UP Legal ... AnalysisMay 08, 2018
Trump's Iran Oil Sanctions Won't Bite as Much as Obama's
Withdrawal from the nuclear deal has already been priced in by traders.
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