Business news

• It'll grow on you: Check out America's best facial hair

  23-09-2016 23:52 via cnet.com
  
  From the exotic to the elegant, these guys were a big hairy deal at the National Beard and Moustache Championships.
  
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• SpaceX zeroes in on cause of spectacular rocket explosion

  23-09-2016 23:40 via cnet.com
  
  Elon Musk's space company posts preliminary results of its investigation into an "anomaly" that led to the loss of a Falcon 9 rocket and Amos-6 satellite.
  
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• Hangover Free Alcohol: Synthetic Drug Mixed In Cocktails May Eradicate Hangovers By 2050

  23-09-2016 23:36 via ibtimes.com
  
  The long days of suffering from a hangover may be a thing of the past come 2050, according to David Nutt. The former government drug advisor and neuropsychopharmacology professor at Imperial College in the United Kindom has created a synthetic drug for alcohol called alcosynth that might alleviate alcohol-induced hangovers.
  
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• Welcome to the club, Yahoo: 10 other massive hacks

  23-09-2016 23:27 via cnet.com
  
  With hacking tools outpacing cybersecurity developments, breaches have become more common.
  
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• Trump Hotels settles with N.Y. Attorney General over data breaches

  23-09-2016 23:20 via news.yahoo.com
  
  By Karen Freifeld NEW YORK (Reuters) - Trump International Hotels Management LLC agreed to pay $50,000 to settle with New York State over data breaches that exposed 70,000 credit card numbers and other personal information, New York Attorney General Eric Schneiderman announced on Friday. The company, which is led by Republican presidential nominee Donald Trump and three of his children, manages a number of hotels around the world under the Trump Hotel Collection name. According to Schneiderman,
  
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• Eric Trump says millennials admire his dad because he's like Zuckerberg

  23-09-2016 23:17 via cnet.com
  
  Technically Incorrect: The Republican nominee's son insists that his dad has come from nothing and built something.
  
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• Depressed crude prices push North American markets down

  23-09-2016 22:58 via cbc.ca
  
  Reports that Saudi Arabia and Iran are making little progress on a deal to cut oil production deflated energy prices Friday, sending North American markets into the red.
  
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• CBS Radio plans $1.5 billion debt offering ahead of IPO: sources

  23-09-2016 22:57 via news.yahoo.com
  
  CBS Radio Inc, which CBS Corp is planning to shed, is preparing to take on about $1.5 billion in debt ahead of its initial public offering and use most of the proceeds to pay its parent in cash, according to people familiar with the matter. The IPO for the subsidiary, which owns 117 U.S. radio stations, including in top markets such as New York and Los Angeles, was registered in July with the U.S. Securities and Exchange Commission.
  
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• G2 Crowd: Crowdsourced software reviews lead to enterprise insights

  23-09-2016 22:45 via techrepublic.com
  
  G2 Crowd collects crowdsourced enterprise software reviews, and uses its data to produce analyst reports. Find out the highest-ranking security, storage, and software of 2016, according to G2 Crowd.
  
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• How To Register To Vote On Snapchat And Facebook

  23-09-2016 22:44 via ibtimes.com
  
  Thanks to the wonders of smartphones, you can now register to vote anywhere. 
  Both Facebook and Snapchat have rolled out special initiatives to help users register to vote, ensuring that eligible adults can quite literally “swipe,” “tap,” or “click” their way to the nation’s next president.
  
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• Wells Fargo hires law firm to advise on executive pay: WSJ

  23-09-2016 22:38 via news.yahoo.com
  
  (Reuters) - Wells Fargo & Co's board hired law firm Shearman & Sterling LLP to advise on executive compensation and potential clawbacks, the Wall Street Journal reported, citing people familiar with the matter. Robert Mundheim, a lawyer at the firm, is advising the bank's board on whether it should claw back pay of Chief Executive John Stumpf, Chief Operating Officer Timothy Sloan and former retail banking head Carrie Tolstedt, according to the WSJ report. The bank had said its board wil
  
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• Is Kia's 200-hp Soul heading to the US?

  23-09-2016 22:33 via cnet.com
  
  The answer is a very strong "probably."
  
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• Wall Street falls as energy lags; stocks end week up

  23-09-2016 22:23 via news.yahoo.com
  
  Energy was the worst-performing major S&P sector, dropping 1.3 percent. Oil prices tumbled 4 percent on signs Saudi Arabia and Iran were making little progress in achieving agreement ahead of talks by crude exporters aimed at freezing production. Facebook shares fell 1.6 percent and were one of the biggest drags on the S&P. The Wall Street Journal reported that the social media company overestimated viewing time for video ads.
  
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• The 404 Show 1677: The iPhone's headphone jack vs. lightning port, Italy, Palmer Luckey (podcast)

  23-09-2016 22:17 via cnet.com
  
  Steve Guttenberg has done the legwork and has declared a winner in the battle of the iPhone's headphone jack versus the lightning port. Which one sounds better? We'll also talk about Jeff's Italian vacation, what the hell is up with Palmer Luckey and much more.
  
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• UPS tests time-sensitive deliveries by drone

  23-09-2016 22:11 via cnet.com
  
  The company has teamed with drone maker CyPhy Works to explore making quick deliveries in places that are difficult to access.
  
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• Hackers post image of Michelle Obama's passport

  23-09-2016 22:09 via cnet.com
  
  Breach of White House contractor's email apparently reveals schedules, whereabouts of first lady, VP Joe Biden and presidential nominee Hillary Clinton.
  
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• VW releases some sketchy pictures of its 300-mile Parisian EV concept

  23-09-2016 22:01 via cnet.com
  
  Sliding rear doors on a hatchback? OK, you've got my attention.
  
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• Hanjin says cargo owners withholding $80 million in payments

  23-09-2016 21:57 via news.yahoo.com
  
  By Tom Hals WILMINGTON, Del (Reuters) - Failed South Korean container carrier Hanjin Shipping Co Ltd told a U.S. judge on Friday that cargo owners were withholding up to $80 million in payments for completed shipments, complicating the company's ability to move stranded freight. "Hanjin is not the only bad guy here," Ilana Volkov, an attorney for the shipping company, said at a status hearing at a U.S. Bankruptcy Court in Newark, New Jersey. Hanjin lawyers said that many cargo owners had receive
  
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• IBM, China UnionPay complete block chain pilot project on bank loyalty points

  23-09-2016 21:52 via news.yahoo.com
  
  IBM said on Friday it completed a pilot project with Chinese credit card company China UnionPay that will facilitate the sharing of loyalty bonus points among banks using block chain technology. Bonus points earned through purchases on bank cards have long been an effective tool to attract and encourage customers to use specific cards. IBM's collaboration with China UnionPay will enable consumers worldwide to exchange bonus points from their various banks in less than a minute to select rewards
  
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• Play a VR video game on this real roller coaster

  23-09-2016 21:49 via cnet.com
  
  Regular roller coaster rides not intense enough for you? Try playing a video game inside a VR headset as you ride this train at Six Flags Discovery Kingdom.
  
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• Twitter buyout rumors hint at Google, Salesforce interest

  23-09-2016 21:42 via cnet.com
  
  Big names surface as rumors around a potential Twitter sale swirl. A formal bid may even be in the works.
  
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• Who Wrote The Bible: How Plato And Paganism Influenced The Old testament

  23-09-2016 21:36 via ibtimes.com
  
  A new book claims the Bible has roots in the Greek philosopher Plato’s thinking.
  
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• Star Wars fan film humanizes the Stormtroopers

  23-09-2016 21:36 via cnet.com
  
  The heartbreaking Star Wars fan film "Jakku: First Wave" goes behind the helmets as three Stormtroopers prepare to join a hopeless battle.
  
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• Florida Snake Problem: Amid Everglades Burmese Python Outbreak, Hatchlings Discovered In Key Largo

  23-09-2016 21:34 via ibtimes.com
  
  South Florida’s python problem isn’t getting any better. Despite a state-supported competition encouraging the removal of Burmese Pythons in the Everglades, it appears the snakes have slithered a ways south into the Florida Keys. The Florida Fish and Wildlife Conservation Commission announced Thursday that the python population is growing in Key Largo after the discovery of hatchlings in the area.
  
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• Takata failed to report 2003 air bag rupture to NHTSA

  23-09-2016 21:33 via news.yahoo.com
  
  Japanese air bag supplier Takata Corp said it failed to inform U.S. auto safety regulators of a 2003 rupture of one of its air bag inflators in Switzerland, according to an internal report released on Friday. The National Highway Traffic Safety Administration (NHTSA) released a series of reports into Takata's defective air bag inflators, which have been linked to at least 14 deaths and more than 100 injuries and sparked the largest-ever auto recall.
  
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• Want to sell your iPhone 6? Do it now.

  23-09-2016 21:25 via techrepublic.com
  
  eBay statistics show that sales of older iPhones spike after a new version is released. But selling prices drop quickly.
  
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• T-Mobile outage? Customers wouldn't know the difference, says Verizon

  23-09-2016 21:21 via cnet.com
  
  Technically Incorrect: In response to reports of a nationwide outage at T-Mobile, Verizon is withering in its criticism of its competitor.
  
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• Fed's internal split tied to dueling views on jobs outlook

  23-09-2016 21:02 via news.yahoo.com
  
  The split at the Federal Reserve over when to next raise interest rates appears to hinge largely on disagreements over the labor market outlook, comments from policymakers on Friday suggest. When the Fed earlier this week decided to stand pat on rates, Fed Chair Janet Yellen said she felt the labor market had more room to run before it could overheat. On Friday one of the dissenters, Boston Fed chief Eric Rosengren, explained that his vote turned on his view that sharply falling unemployment cou
  
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• Japanese antitrust regulators weigh action against Apple, carriers

  23-09-2016 21:01 via cnet.com
  
  Japan's Fair Trade Commission is eyeing Apple's iPhone supply agreements with the wireless carriers it works with there, according to Reuters.
  
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• Meet the man working with NASA on a real-life tractor beam

  23-09-2016 20:59 via cnet.com
  
  In a New York lab, tractor beams are real -- and becoming powerful enough to be a tool for space exploration.
  
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• Oil Futures Suffer Biggest One-day Loss Since Mid-July

  23-09-2016 20:56 via feeds.foxbusiness.com
  
  Oil futures settled lower on Friday, suffering from the biggest dollar and percentage loss since mid-July as traders weighed the latest talk from major oil producers ahead of their meeting next week that's expected to focus on production levels.
  
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• Apple's Stock Sinks After Report Japanese Antitrust Regulators Are Considering Action

  23-09-2016 20:55 via feeds.foxbusiness.com
  
  Shares of Apple Inc. took a nosedive in afternoon trade Friday, after a report that Japanese regulators are considering taking antitrust action against the technology giant.
  
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• Here's how much Honda's big-booty Civic Hatchback will cost

  23-09-2016 20:53 via cnet.com
  
  It's available in five different trims, so choosing the five-door won't limit your options much, if at all.
  
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• Watch a Samsung Note 7 being used to grill meat (allegedly)

  23-09-2016 20:52 via cnet.com
  
  Technically Incorrect: In a parody video from Taiwan, the notion of Samsung's overheating phones is taken to an amusing extreme.
  
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• ‘Secrets And Lies’ Season 2 Cast: Everything We Know About The New Set Of Characters And Detective Cornell

  23-09-2016 20:52 via ibtimes.com
  
  “Secrets and Lies” is back! The ABC drama, which premiered last summer, is returning to the network for its second season. The murder case may be new, but viewers will recognize Detective Andrea Cornell from Season 1.
  
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• Year's busiest week for U.S. IPOs offers little comfort to banks

  23-09-2016 20:41 via news.yahoo.com
  
  Friday capped the busiest week for the U.S IPO market this year, but the country's six largest banks have little reason to cheer. Combined fees from advising on deals and from equity and debt underwriting have dropped a 18.5 percent this year at JPMorgan Chase & Co , Wells Fargo & Co , Bank of America Corp , Citigroup Inc , Morgan Stanley and Goldman Sachs Group Inc , Thomson Reuters data shows. Despite an uptick in IPOs since June, activity remains below 2015 levels, largely due to low
  
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• Meek Mill Vs. The Game Beef: Game Shoots Video For ‘Pest Control’ Diss; Calls Out Meek Mill At Concert

  23-09-2016 20:39 via ibtimes.com
  
  Although Russell Simmons thinks the feud between The Game and Meek Mill may be over, The Game is continuing with the feud. On Thursday, the California rapper headed to Brooklyn to shoot a music video for his diss song, “Pest Control.”
  
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• Caesars awaits creditor nod on sweetened deal for bankrupt unit

  23-09-2016 20:34 via news.yahoo.com
  
  Shares of Caesars Entertainment Corp slid on Friday, a day after hitting a 16-month high, as investors awaited a midnight deadline for creditors to accept a sweetened $5 billion deal that could finally extract the casino company from a costly bankruptcy. Creditors have alleged that the parent and its private equity owners looted the subsidiary of its best casinos, leaving it unable to pay $18 billion of debt and sparking protracted legal fights. The latest offer from Caesars and private equity f
  
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• ‘Growing Up Hip Hop’ Star Angela Simmons Posts Baby Bump Photo Amid Rumors She Gave Birth

  23-09-2016 20:33 via ibtimes.com
  
  Angela Simmons has not welcomed her little bundle of joy just yet. Rumors surfaced Friday that the “Growing Up Hip Hop” star had gave birth, but she seemingly responded to the reports in an Instagram post showing off her large baby bump.
  “Serious growth. #WhatAJourneyToBeOn,” Simmons captioned the photo. In the image, the WEtv reality star is seen standing in a bathroom wearing black pants and a black sports bra.
  
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• Seaspan Corporation in 6 Charts

  23-09-2016 20:29 via feeds.foxbusiness.com
  
  These six charts make the containership-leasing companys business model pretty easy to understand.
  
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• What Is Bisexual Visibility Day 2016? Facts About The LGBTQ Community's 18th Annual Bisexual Holiday

  23-09-2016 20:24 via ibtimes.com
  
  The LGBTQ community celebrates the 18th annual Bisexual Visibility Day on Friday. Since its creation in 1999, people from all over the world have come together on Bisexual Visibility Day to spread awareness of bisexual issues and show support of members of the bisexual community. The day is a part of this week's Bisexual Awareness Week, a weeklong celebration co-founded by GLAAD.
  Join in on the festivities and check out a few fun facts about bisexuality and Bisexual Visibility Day
  
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• Tesla Hires Experienced Solar Industry Executive

  23-09-2016 20:24 via feeds.foxbusiness.com
  
  Tesla's latest hire shows where the company's focus is.
  
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• Pharma ETF Looks Healthy in a Sick Market After Endo Names New CEO

  23-09-2016 20:23 via feeds.foxbusiness.com
  
  A pharmaceuticals sector exchange traded fund perked up Friday after Endo International (NasdaqGS: ENDP) Chief Executive Rajiv De Silva stepped aside to be replaced by generics division head Paul Campanelli. The SPDR Pharmaceuticals ETF (NYSEArca: XPH) rose 0.8% Friday. Meanwhile, ENDP shares jumped 16.1% on the shift in management. SEE MORE: M&A Activity, Passing Drug […]
  
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• NBCUniversal's CEO Doesn't Get the Appeal of Over-the-Top Television

  23-09-2016 20:20 via feeds.foxbusiness.com
  
  And that could cost his company a lot in the future.
  
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• U.S. auto safety agency releases Takata defect reports

  23-09-2016 20:15 via news.yahoo.com
  
  The U.S. National Highway Traffic Safety Administration on Friday released a series of reports into Takata Corp's defective air bag inflators, which have been linked to at least 14 deaths and more than 100 injuries and sparked the largest ever auto recall. About 100 million Takata air bag inflators have been declared defective worldwide. In the United States, nearly 70 million inflators have been declared defective.
  
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• Buy Activision Blizzard Stock or Electronic Arts: Why Even Choose?

  23-09-2016 20:03 via feeds.foxbusiness.com
  
  Morgan Stanley thinks you should buy 'em both.
  
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• Oil slumps 4 percent as no output deal expected for OPEC

  23-09-2016 20:00 via news.yahoo.com
  
  Oil prices tumbled about 4 percent on Friday on signs Saudi Arabia and arch rival Iran were making little progress in achieving preliminary agreement ahead of talks by major crude exporters next week aimed at freezing production. Brent crude oil was down $1.88, or 4 percent, at $45.77 a barrel by 1:41 p.m. EDT (1741 GMT). U.S. West Texas Intermediate (WTI) crude was down $1.94, or 4.2 percent, at $44.38.
  
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• Who Is Keith Lamont Scott's Wife? Charlotte Shooting Video Filmed By Rakeyia Scott Is Released

  23-09-2016 19:54 via ibtimes.com
  
  A fatal police shooting Tuesday in North Carolina was filmed by the wife of the person who died, according to exclusive video footage released by NBC News Friday afternoon. Rakeyia Scott filmed the episode on her smartphone before police fired the shots that killed Keith Lamont Scott in the parking lot of a Charlotte apartment complex.
  
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• Gold Futures Fall For The Session, But Gain For The Week

  23-09-2016 19:54 via feeds.foxbusiness.com
  
  Gold futures settled lower on Friday, but held onto a gain of more than 2% for the week.
  
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• Facebook Is in Hot Water With Its Most Valuable Customers

  23-09-2016 19:47 via feeds.foxbusiness.com
  
  The social network has been miscalculating a critical metric for video advertisers.
  
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