Business news

• JPMorgan raises CEO Dimon's pay 3.7 percent to $28 million

  19-01-2017 23:26 via news.yahoo.com
  
  JPMorgan Chase & Co directors paid Chief Executive Jamie Dimon $28 million in total compensation for 2016, a 3.7 percent increase from the prior year, the company said on Thursday. Dimon's base salary was the same as for 2015, as was a $5 million cash performance bonus. In setting Dimon's compensation, independent directors "took into account the firm's strong performance" in 2016 and through the business cycle, the company said.
  
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• U.S outlook no more uncertain than usual, Fed policymaker says

  19-01-2017 23:14 via news.yahoo.com
  
  "We always have uncertainty when we are making monetary policy," San Francisco Federal Reserve Bank President John Williams told the Solano Economic Development Corporation in Fairfield, California on Thursday.
  
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• Paramount Pictures in $1 billion deal with China film companies

  19-01-2017 23:13 via news.yahoo.com
  
  As part of the agreement, Shanghai Film Group and Huahua Media will finance a combined 25 percent of all Paramount's films for the next three years, with the option to extend it, according to a source familiar with the situation. The deal will give Paramount, which has been struggling to turn itself around, stability and resources without giving up control of the studio. It also marks the first major move by Paramount head Brad Grey since Viacom's former CEO, Philippe Dauman, tried to sell a sta
  
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• George Soros says Trump will fail and market's dream will end

  19-01-2017 22:56 via news.yahoo.com
  
  The billionaire investor George Soros said on Thursday that global markets will falter given the uncertainty of incoming U.S. President Donald Trump's policies. "Right now uncertainty is at the peak," Soros told Bloomberg News at his annual media dinner held at the World Economic Forum in Davos, Switzerland. "I don't think the markets are going to do very well." Stocks in the United States surged after Trump's Nov. 8 election victory.
  
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• Wells Fargo to merge international business with wholesale banking

  19-01-2017 22:54 via news.yahoo.com
  
  (Reuters) - Wells Fargo & Co , the third-largest U.S. bank by assets, said on Thursday it would merge its international business with its wholesale banking unit.
  
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• Investors curb their enthusiasm ahead of Trump era

  19-01-2017 22:49 via news.yahoo.com
  
  A month ago, the dollar and stock markets were riding high as investors bet that the Trump administration, together with the Republican-controlled Congress, would usher in an era of lower taxes, more government spending and looser regulations. Longer-dated Treasury yields, which move inversely to the price of bonds, jumped to their highest levels in more than two years on fears about a spike in federal borrowing and inflation stemming from Trump's policies. The dollar hit a 14-year high against
  
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• Wall Street falls as investors ready for Trump's inauguration

  19-01-2017 22:46 via news.yahoo.com
  
  U.S. stocks fell on Thursday, continuing to pull back from the post-election rally, on investor caution ahead of Donald Trump's inauguration as president on Friday. The S&P 500 is up 5.8 percent since the vote. The rally in stocks since Trump's election has slowed in recent weeks as investors look for more details on his policies.
  
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• Extra, extra! That fake news story might come with malware

  19-01-2017 22:42 via techrepublic.com
  
  Fake news is worrying IT security pros, and there appears to be no end in sight.
  
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• IBM reports better-than-expected fourth-quarter results; forecast beats

  19-01-2017 22:35 via news.yahoo.com
  
  (Reuters) - International Business Machines Corp forecast full-year earnings above Wall Street estimates and reported better-than-expected quarterly revenue, helped by growth in newer areas such as cloud-based services and analytics. IBM's shares were up 2.9 percent at $171.64 in after-hours trading on Thursday. The Armonk, New York-based company forecast adjusted earnings of at least $13.80 per share for fiscal 2017, beating the average analyst estimate of $13.74, according to Thomson Reuters I
  
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• AmEx profit misses estimates on higher marketing spend

  19-01-2017 22:33 via news.yahoo.com
  
  AmEx had previously expected to achieve at least $5.60 per share in 2017. "That outlook is built on a set of priorities designed to put us in a strong position for 2018 and the years ahead," Chief Executive Kenneth Chenault said. AmEx's stock has rallied since the U.S. election as investors hope Trump will usher in a new era of looser bank regulations along with economic growth which should drive increased spending among AmEx customers.
  
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• Is Linksys Velop mesh network a smart buy for your small business?

  19-01-2017 21:28 via techrepublic.com
  
  If your small business or home office suffers from wireless dead spots, you might consider a mesh networking device. Meet one of the new players in that realm: Linksys Velop.
  
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• U.S. regulator finds no evidence of defects after Tesla death probe

  19-01-2017 20:55 via news.yahoo.com
  
  U.S. regulators has found no evidence of any defects in Tesla electric cars after investigating the death of a man whose Model S collided with a truck while he was using its Autopilot system, the first fatality involving semi-autonomous driving software. The U.S. National Highway Traffic Safety Administration said on Thursday it will not seek a vehicle recall after conducting a six-month investigation. The regulator's decision is seen as a boost to automakers racing to get vehicles that are near
  
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• Costco to pay $11.75 million over lax U.S. pharmacy controls

  19-01-2017 20:34 via news.yahoo.com
  
  The deal, one of several corporate settlements being unveiled during the last days of President Barack Obama's administration, came as U.S. authorities grapple with an opioid drug epidemic. "This settlement demonstrates the accountability and responsibility that go along with handling controlled prescription drugs," U.S. Drug Enforcement Assistant Administrator Louis Milione said in a statement. A Costco spokesman declined to comment.
  
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• Mnuchin not in favor of cutting federal ties with Fannie, Freddie

  19-01-2017 20:17 via news.yahoo.com
  
  President-elect Donald Trump's pick for U.S. Treasury Secretary, Steve Mnuchin, on Thursday told a Senate panel he does not believe in severing federal ties with and privatizing mortgage giants Fannie Mae [FNMA.PK] and Freddie Mac [FMCC.PK]. Mnuchin, a Wall Street veteran, said at his confirmation hearing before the Senate Finance Committee that he does not support the idea of "recap and release," where the government-sponsored enterprises would stop paying the Treasury and use their profits to
  
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• Microsoft offers free Windows 10 upgrades to certain customers

  19-01-2017 20:08 via techrepublic.com
  
  Windows customers who have subscriptions through the Cloud Solution Provider program can now upgrade their Windows 7 and Windows 8.1 PCs to Windows 10 for no cost.
  
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• Why email encryption is failing, and how to fix it

  19-01-2017 19:53 via techrepublic.com
  
  Email encryption is a necessity, yet the masses still aren't adopting the technology. Jack Wallen offers a solution to this urgent security problem.
  
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• Watch 'LoL' Live On Big Ten Network This Year As Popular eSports Game Goes To College

  19-01-2017 19:44 via ibtimes.com
  
  The Big Ten Conference might be best known for college sports like football and basketball, but it’ll be broadcasting a new sport this month.
  
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• Bandung Zoo Accused Of Starving Sun Bears: In Indonesia, Skeletal Animals Beg For Food At 'Horrific' Attraction

  19-01-2017 19:35 via ibtimes.com
  
  A video of starving sun bears begging for food in dirty enclosures without grass in an Indonesian zoo is causing indignation and outrage across the globe. The Scorpion Wildlife Training Monitoring Group, an organization that advocates for animal welfare, posted the video last week, although it gained wide international attention in the past couple of days. The group has been posting videos of animal mistreatment in zoos since early 2016.
  
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• Arlington Cemetery Wreath Laying Live Stream: How To Watch Donald Trump And Mike Pence Honor US Veterans

  19-01-2017 19:30 via ibtimes.com
  
  President-elect Donald Trump and Vice President-elect Mike Pence will kick off three days of inauguration festivities Thursday with a wreath laying ceremony at Arlington National Cemetery in Virginia. The burial ground sits across the river from the Lincoln Memorial, where a slew of performers will take the stage for Trump’s Welcome Celebration immediately after the wreath laying event.
  
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• Which Celebrities Will Attend Trump’s Inauguration? The Short List Of Celebs Taking Part In Festivities

  19-01-2017 19:28 via ibtimes.com
  
  If President-elect Donald Trump’s conventions leading up to the election were any indication, Trump doesn’t care about having A-list celebrities attend his events. Trump’s events attracted names such as Scott Baio, Gary Busey and Don King, and his inauguration may lack the star power that Obama’s events had.
  
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• Floyd Mayweather Net Worth: Boxer Mocks Conor McGregor, Boasts Much Higher Career Earnings

  19-01-2017 19:27 via ibtimes.com
  
  Floyd Mayweather and Conor McGregor might not be any closer to meeting inside a boxing ring, but the verbal sparring between the two fighters hasn’t stopped. Mayweather threw the latest jab Thursday, comparing his net worth to that of the MMA star.
  
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• ‘Star’ Season 1 Spoilers: Episode 5 Synopsis Released; What Will Happen In ‘New Voices’? [VIDEO]

  19-01-2017 19:23 via ibtimes.com
  
  Secrets are all too familiar on the Fox hit series “Star.”
  Last viewers saw, Simone’s (Brittany O’Grady) foster father surfaced and attempted to take the teen with him after years of sexually assaulting her. However, Simone is still living with Carlotta (Queen Latifah) because by the end of the last episode, Otis was dead. After getting away with murder, the girls’ egos will threaten to tear them apart in“Star” Season 1, episode 5, “New V
  
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• NewLeaf cancels more flights amid 'schedule change'

  19-01-2017 19:21 via cbc.ca
  
  Budget flight company NewLeaf has cancelled more flights in Ontario, B.C., Alberta and Nova Scotia for the next few weeks.
  
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• What Happens If Trump Is Impeached, Dies Or Resigns? Presidential Line Of Succession Goes Beyond Mike Pence

  19-01-2017 19:18 via ibtimes.com
  
  After a divisive, controversial and surprising presidential election campaign left the country with its most unpopular president-elect in modern history, there has already been much talked about the prospect of Donald Trump not completing his full first term. As a result, the national line of succession, a topic usually reserved for royal families, was arguably more relevant for the presidency than ever.
  
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• ‘Dance Moms’ Season 7 Spoilers: Abby Lee Miller Brings In Brynn Rumfallo’s New Rival In Episode 9 Preview

  19-01-2017 19:16 via ibtimes.com
  
  On the last “Dance Moms,” Abby Lee Miller mentioned that Brynn Rumfallo didn’t have a dancer to perform opposite her. It appears she’ll fix that issue in episode 9. Lifetime’s preview for the next Season 7 installment shows the introduction of Brynn’s new rival.
  
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• Western Union settles U.S. money laundering allegations for $586 million

  19-01-2017 19:03 via news.yahoo.com
  
  Western Union agreed to pay $586 million and admitted to turning a blind eye as criminals used its service for money laundering and fraud, the U.S. Department of Justice said in a statement on Thursday. With the help of Western Union agents, Chinese immigrants used the service to send hundreds of millions of dollars to pay human smugglers, wiring the money in smaller increments to avoid federal reporting requirements, U.S. authorities said.
  
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• Why Does Medication Cost So Much? Drug Company Fined $100M For 83,000 Percent Price Increase Of Lifesaving Baby Medicine

  19-01-2017 19:02 via ibtimes.com
  
  A pharmaceutical company settled a lawsuit for $100 million Wednesday after being accused of hiking drug prices exponentially and quashing competition for a lifesaving medication for infants. Mallinckrodt, a United Kingdom-based company, steadily hiked the price of its H.P. Acthar Gel from $40 per vial to more than $34,000 per vial after acquiring the drug in 2001.
  The drug has been described as a treatment for autoimmune and inflammatory conditions and can be administered to save the lives of b
  
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• Faraday Future FF91 Release Not Clear As Executives Leave And Company Struggles With Finances, Report Says

  19-01-2017 19:01 via ibtimes.com
  
  Faraday Future, once seen as a competitor to Tesla, is struggling as it finds itself with money problems and top executives ditching the company, sources toldBusiness Insider.
  Sources say Faraday is “in shambles” as more than half-dozen senior executives left the company since last spring, including Global CEO Ding Lei.
  
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• White Woman Shoots African-American Boy In The Head After Fears Over 'Good Blacks' Vs. 'Bad Blacks'

  19-01-2017 18:54 via ibtimes.com
  
  A Georgia woman has been arrested and charged with gunning down an African-American teen near her home. Police said the incident occurred Monday just before 8 p.m. local time after the teen walked past Elisabeth Faye Cannon's house.
  
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• Wall Street dips as investors ready for Trump's inauguration

  19-01-2017 18:50 via news.yahoo.com
  
  The markets are also digesting a clutch of information including the European Central Bank's decision to maintain its monetary policy, while awaiting a speech by Federal Reserve Chair Janet Yellen. After hitting a series of record highs in a post-election rally, Wall Street has been trading in a tight range as investors look for more details on Trump's policies. "We may give Trump the benefit of doubt in the first hundred days," said Sam Stovall, chief investment strategist at CFRA Research.
  
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• NFL Playoffs 2017: Ranking The 4 Remaining Quarterbacks Ahead Of Championship Sunday

  19-01-2017 18:37 via ibtimes.com
  
  It seems only fitting that the New England Patriots, Pittsburgh Steelers, Green Bay Packers and Atlanta Falcons are left playing on 2017 Championship Sunday. Arguably the league’s best four quarterbacks will compete in the conference championship games.
  In the NFC Championship Game, the likely 2016 MVP will take on the league’s hottest quarterback. In the AFC Championship Game, the greatest quarterback of all time will face a two-time Super Bowl winner and future Hall of Famer.
  
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• ‘The Office’ Cast: Where Are They Now In 2017? Check Up With Dunder Mifflin’s Finest Amid NBC Return Rumors

  19-01-2017 18:33 via ibtimes.com
  
  “The Office” fans gained a renewed sense of hope that the show would return to NBC for about five minutes on Wednesday thanks to a tweet from Steve Carell. Amid excitement about the network’s plans to bring “Will & Grace” back for 10 episodes, the actor tweeted that “The Office” was also coming back.
  
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• U.S. economy shows strength on eve of Trump presidency

  19-01-2017 18:32 via news.yahoo.com
  
  U.S. homebuilding rebounded sharply in December as a firming economy boosts demand for rental housing, while an unexpected drop in the number of Americans filing for unemployment benefits last week pointed to a further tightening in the labor market. The economy's brightening prospects were underscored by other data on Thursday showing factory activity in the mid-Atlantic region accelerating to a two-year high this month, amid jumps in new orders, employment and inventories. The reports came as
  
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• Women's March Washington Update: Latest Full List Of Celebrities Who Will Perform, Attend Rally

  19-01-2017 18:28 via ibtimes.com
  
  A slew of celebrities are expected to attend the Women’s March on Washington Saturday following President-Elect Donald Trump’s inauguration ceremony, and now details of a few performances taking place after the march have emerged.
  
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• Tech firm creates Trump monitor for stock markets

  19-01-2017 18:23 via news.yahoo.com
  
  Just in time for his inauguration, London-based fintech firm Trading.co.uk is launching an app that will generate trading alerts for shares based on comments made on social media by Donald Trump. Comments earlier this week on China moved the dollar and a pair of December tweets sent the share prices of Lockheed Martin and Boeing spiraling lower. Trading.co.uk chief Gareth Mann said the Trump signal generator used artificial intelligence technology to differentiate between tweets or other message
  
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• Who Is Octomom? Treasury Pick Steve Mnuchin Mentions Nadya Suleman In Senate Hearing

  19-01-2017 18:14 via ibtimes.com
  
  Treasury Secretary nominee Steve Mnuchin thrust reality show star “Octomom” back into the national spotlight during his Senate confirmation hearing Thursday morning. The hedge fund manager and former Goldman Sachs partner was addressing concerns about subprime mortgage loans by a bank he formerly ran when the name came up.
  "The most troubling loan was actually to the Octomom and we worked very, very hard... to move her to another home," Mnuchin said while addressing the practice
  
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• Genworth follows CMHC's lead and hikes premiums for mortgage insurance

  19-01-2017 18:10 via cbc.ca
  
  Genworth, the largest private mortgage insurer in Canada, has matched the CMHC's move earlier this week to hike the premiums it charges homeowners to insure their mortgages.
  
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• What Will Bernie Sanders Do Next? Vermont Senator Could Help Democratic Party Challenge Trump Policies

  19-01-2017 18:07 via ibtimes.com
  
  Rep. Keith Ellison, D-Minn., has called on influential independent Sen. Bernie Sanders of Vermont, who nominated Ellison for the Democratic National Committee head, to rally his followers in support of the party in the wake of a Republican takeover.
  
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• Is The Washington Subway Working? Inauguration Day Metro Hours, Schedule And Station Closures In DC For Thursday, Friday

  19-01-2017 18:05 via ibtimes.com
  
  Hundreds of thousands of people will flood the streets of Washington, D.C. Friday for President-elect Donald Trump’s inauguration ceremony, which is sure to cause a traffic jam or two. Folks hopping around the city will be able to use D.C.’s Metrorail. However, inauguration travelers should expect some delays and closures.
  
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• Russia Today Facebook Ban: Social Network Temporarily Blocks Russian News Outlet From Posting

  19-01-2017 17:59 via ibtimes.com
  
  Facebookreportedly blocked Russia Today (RT), the English and Russian language media outlet funded by the Russian government, from posting links or videos on its platform due to a case of copyright infringement.
  
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• Arts Funding: President Donald Trump Wants To End National Endowment For The Arts

  19-01-2017 17:50 via ibtimes.com
  
  The National Endowment for the Arts, the independent federal agency that promotes and funds art in American communities, will be eliminated if the Trump administration has its way, the Hill reported Thursday.  
  
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• Trump Inauguration Will Not See These Celebrities; Who Will Boycott With Concerts And Marches?

  19-01-2017 17:49 via ibtimes.com
  
  According to president-elect Donald Trump, his inauguration will “have the biggest celebrities in the world” in attendance, but a list of celebs who plan to boycott the event says otherwise. 
  
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• What Will Trump Do About Israel, Palestine? How Netanyahu is Preparing For New US President

  19-01-2017 17:45 via ibtimes.com
  
  Foreign leaders and nations around the globe have been fretting over the incoming administration of President-elect Donald Trump. But not members of Israel’s right wing.
  Israel’s Jewish Home and Likud parties, each considered to the right of the political spectrum, were reportedly “eager” to see if Trump would provide support for the country looking to build more settlements on the lands heavily disputed and claimed by Palestinians, Reuters reported Thursday.
  
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• Russian News Channel RT Banned From Facebook Until After Trump's Inauguration, Editor Claims

  19-01-2017 17:38 via ibtimes.com
  
  Russia's government-funded news service RT was blocked from posting photos, video or shared content on Facebook for nearly 24 hours and was initially prevented from posting until after Trump's inauguration, according to the organization's Twitter page. The ban was implemented after RT allegedly illegally live streamed Wednesday President Barack Obama’s final press conference.
  
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• What Will Ivanka Trump Wear To The Inauguration? An American Designer Would Be Likely Pick

  19-01-2017 17:34 via ibtimes.com
  
  While the fashion spotlight was expected to be pointed directly at the future first lady at the inauguration Friday, many eyes will also likely be on future first daughter Ivanka Trump and her outfit of choice. 
  The outfit worn by President-elect Donald Trump's oldest daughter was a major talking point for the fashion industry in the weeks leading up to the inauguration, with designers wondering who would be dressing her. 
  
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• Judge to block mega-merger of Anthem and Cigna: NY Post

  19-01-2017 17:28 via news.yahoo.com
  
  (Reuters) - A federal judge is expected to block a proposed deal between health insurer Anthem Inc and Cigna Corp as soon as Thursday, the New York Post reported, citing sources. Anthem, which operates Blue Cross Blue Shield health insurance plans in 14 U.S. states, is trying to buy smaller rival Cigna. Judge Amy Berman Jackson of the U.S. District Court for the District of Columbia has not yet issued an opinion on the case.
  
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• What Is Beer Yoga? Drinking Yoga While Drinking Beer Is Not The First Weird Trend For Yogis

  19-01-2017 17:27 via ibtimes.com
  
  "Beer Yoga" is quickly becoming a hot new trend since capturing international attention after a Mashable story about the practice went viral this week. It’s no wonder that for stressed-out souls the combination of beer and yoga seems like a perfect recipe for self-care.
  
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• U.S. closing Tesla death probe, won't seek recall: source

  19-01-2017 17:22 via news.yahoo.com
  
  U.S. regulators are expected on Thursday to close a six-month-old investigation into the death of a man whose Tesla collided with a truck while he was using its semi-autonomous driving system and not seek a vehicle recall, according to a source briefed on the matter. The U.S. National Highway Traffic Safety Administration did not find evidence of a defect that would have required a safety recall of the cars, said the source, who declined to be identified because the decision has not yet been mad
  
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• ‘Love & Hip Hop: Atlanta’ Stars Stevie J And Joseline Hernandez’s Relationship Continues To Improve After Baby Girl’s Birth

  19-01-2017 17:08 via ibtimes.com
  
  Is Stevie J attempting to fix his relationship with Joseline Hernandez? The “Leave It to Stevie” star seems to be taking it easy on the mother of his child as of lately. The reality star recently allowed his defamation lawsuit against the new mom to get dismissed.
  
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• Twitter sells its Fabric developer platform to Google

  19-01-2017 17:03 via techrepublic.com
  
  Google recently announced that it was acquiring a host of developer tools from Twitter, including its Fabric platform and its Crashlytics crash reporting system.
  
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