U.S., Canada and Mexico business leaders say tariffs erode business expansion...

WASHINGTON (Reuters) - International tariffs are putting the brakes on business expansion, posing a bigger hurdle than tax barriers, the cost of transporting goods or compliance with local rules, according to a survey of 1,500 U.S., Mexican and Canadian business leaders. FILE PHOTO: Flags of the U.S., Canada and Mexico fly next to each other…

U.S., Canada and Mexico business leaders say tariffs erode business expansion...

Published Sep 23, 2019 6:04PM EDT Credit: REUTERS/EDGARD GARRIDO International tariffs are putting the brakes on business expansion, posing a bigger hurdle than tax barriers, the cost of transporting goods or compliance with local rules, according to a survey of 1,500 U.S., Mexican and Canadian business leaders. By Andrea Shalal WASHINGTON, Sept 23 (Reuters) -…

U.S., Canada and Mexico business leaders say tariffs erode business expansion...

WASHINGTON (Reuters) - International tariffs are putting the brakes on business expansion, posing a bigger hurdle than tax barriers, the cost of transporting goods or compliance with local rules, according to a survey of 1,500 U.S., Mexican and Canadian business leaders. FILE PHOTO: Flags of the U.S., Canada and Mexico fly next to each other…

The NBA’s Dumb New Tampering Rules Are Rolling Out

So, this is silly: The NBA Board of Governors unanimously passed a stricter package of anti-tampering rules. Small-market teams scared of voracious big-market rivals, teams recently burned in free agency, and teams who just want to vote in lockstep so as not to look suspicious—whatever their varying incentives, everyone fell in line to approve the…

The WeWork S-1t show, Citadel cuts after compliance breach, and Best...

Hello!At 7:12 on a mild late-summer morning in New York City, WeWork's registration papers hit the Securities and Exchange Commission's website. So starts Dakin Campbell's excellent read on how WeWork spiraled from a $47 billion valuation to talk of bankruptcy in just six weeks. Dakin writes: Almost immediately, all hell broke loose. A steady stream of rapid-fire headlines…

Messaging app Kik closes down as it battles SEC lawsuit over...

Popular Canadian messaging app Kik is shutting down.In a blog post on Tuesday, Kik's CEO Ted Livingston confirmed that the company would be closing Kik to focus on Kin, its cryptocurrency business.It launched Kin in 2017 with an Initial Coin Offering (ICO), and it is currently the focus of an SEC lawsuit.Livingston said in the…

Wells Fargo names BNY Mellon’s Charles Scharf CEO – Business Insider

Reuters / Lucy Nicholson Wells Fargo announced Friday that Charles Scharf will be its new CEO starting in October. Scharf is currently the CEO of Bank of New York Mellon, and will take over at Wells Fargo on Oct. 21.  Wells Fargo shares rallied in early trading on the news. The announcement comes after six…

More WeWork drama, Wall Street’s technology power players, here are the...

Hi readers,How the mighty have fallen! WeWork, whose CEO Adam Neumann claimed he was going to be the first-ever trillionaire (and live forever), is now private jetless and walking shoeless around NYC's Gramercy neighborhood. In just a whirlwind couple of weeks, $47 billion WeWork — once one of the world's most valuable startups — pulled its IPO…

We talked to the CEO of a $1.5 billion startup making...

The $1.5 billion startup Proteus Digital Health makes "smart" pills, which use sensors embedded in the medication to track when patients take them. The sensor technology powers the $1,650-a-month drug Abilify MyCite, which was the first digital pill approved by the FDA.But Proteus has also faced criticism about whether patients using the tech take their pills…

‘If you do not have a chief data officer, hire her...

Chief data officers are often required to oversee the collection, protection, and use of information, and must also serve as leaders internally to guide digital transformations.It's unlikely candidates are experts in each of these areas.Companies should look to hire teams around the data chief, according to SAP's Markus Noga.Noga and his colleague Gerrit Kazmaier spoke…

Finastra and FICO introduced two AI and machine learning fraud prevention...

This is an excerpt from a story delivered exclusively to Business Insider Intelligence Banking subscribers. To receive the full story plus other insights each morning, click here.Banks are increasingly turning to AI- and machine learning (ML)-based solutions to prevent fraud more cost-effectively and efficiently. Business Insider Intelligence Factors like the growing adoption of real-time payments and rise of…

Square to begin payment processing program for CBD sellers

Square Inc. announced Thursday that it was officially opening up payment-processing capabilities to sellers of CBD products, after initially offering the service as part of a beta program. Speaking at an event in Manhattan, Square’s SQ, -0.79%  General Counsel Sivan Whiteley highlighted an opportunity to offer modern processing capabilities to CBD merchants, which have been…

Merrill Lynch hiked starting salaries for trainee advisers by $10,000 and...

Bank of America's massive wealth arm has hiked trainee financial advisers' starting salaries by $10,000. "We're trying to do a better job communicating what a career as an adviser looks like, and what it's like getting started," Merrill Lynch Wealth Management head Andy Sieg told Business Insider.Merrill has hired 1,700 financial adviser trainees so far this…

Target’s backrooms are becoming unsafe, overcrowded ‘nightmares’ as the company cuts...

Target quietly cut overnight and backroom shifts in stores across the US in an effort to increase the availability of workers to help guests on the floor.The result, in many cases, has been extra work for daytime team members as well as overcrowded and messy stores.Business Insider spoke with 28 current and former Target employees…

Ken Griffin’s Citadel cuts energy team after personal trading violations –...

The analyst Josh Lingsch and the data scientist Derek Allums were fired by Citadel after they broke one of the firm's rules for trading in personal accounts, sources told Business Insider.They were a part of a nine-person team in Texas that was focused on energy investments.Jarrad Bourger, the portfolio manager of the team, was fired…

A major data-manipulation scandal has rocked Novartis. Here’s everything we learned...

This story requires our BI Prime membership. To read the full article, simply click here to claim your deal and get access to all exclusive Business Insider PRIME content. A data-manipulation scandal has rocked the Swiss drug giant Novartis and its new rare-disease treatment Zolgensma.A clearer picture is now emerging with a new 59-page letter…

Why the fate of online accessibility may rest with a Domino’s...

Many websites still aren't designed and coded so that people with disabilities can use them. Getty Images This is part of CNET's "Tech Enabled" series about the role technology plays in helping the disability community.When the Americans with Disabilities Act was passed in 1990, the internet wasn't yet a critical part of our lives. We weren't…

Establishing A Global Culture Of Compliance

A strong compliance program means placing a high value on living up to strong ethical standards.GettyMany corporate leaders view their compliance organization as a separate business function rather than central to their company’s mission. However, the spate of well-publicized instances of corporate wrongdoing, from Volkswagen’s emissions scandal to Uber’s leadership and software missteps, make clear…

Kentucky governor faces pushback over use of state aircraft

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No more tense meets with taxman

NEW DELHI: The government on Monday launched the national e-assessment which is expected to usher in faceless assessment of tax cases and shut out interaction of taxpayers with officials and usher in transparency. In the first phase, the Income Tax department has selected 58,322 cases for scrutiny under the e-Assessment scheme 2019 and e-notices have…