Financial risks will be dispersed throughout the eurozone as banks look to relocate operations after Britain's departure from the EU, says Bundesbank President Jens Weidmann. "The realistic view on all this will be that banks will relocate to some extent, and they will relocate throughout the whole euro area," he said.
Providing good feedback is a matter of sticking to "facts and behaviors" during the conversation, writes Mike Figliuolo. He likens the feedback process to a tennis match -- an exchange in which both participants take turns in an agreed-upon setting.
Income growth after graduation is better for students who attend midtier public colleges and universities that have a large number of low-income students and a history of good student outcomes, according to a report from the Equality of Opportunity Project. Colleges with the best mobility rate include California State University, Los Angeles, and Pace University in New York.
Janet Yellen, head of the Federal Reserve, received a letter from Rep. Jeb Hensarling, R-Texas, chairman of the House Financial Services Committee, warning against issuing any regulation until the Trump administration nominates members for the central bank's board. The letter told Yellen that any new rulings, particularly on stress tests for banks, will be scrutinized in Congress and could be overturned.
The Albertsons Cos. Foundation and Entertainment Industry Foundation's Hunger Is program was recognized for its cause marketing by the Halo Awards. Through the Hunger Is program, Albertsons works toward alleviating childhood hunger and has raised more than $18 million through efforts including in-store fundraising and checkout donations.
Average life expectancy across the world is expected to increase by 2030, with South Koreans having the highest life expectancy and the US being among developed countries with the lowest, according to a study in The Lancet. UK researchers and the World Health Organization found that men and women in the US are expected to live 79.5 and 83.3 years, respectively.
Nike is celebrating the 100th birthday of Converse's Chuck Taylor shoe with a fresh design and a campaign starring "Stranger Things" actor Millie Bobby Brown. "Forever Chuck" debuted on YouTube and is running across social platforms, with Brown highlighting that some of the coolest '80s movie characters, such as Marty McFly from "Back to the Future," wore Chucks.
A report from JDA Software and PwC shows only 10% of the 350 global retailers surveyed are profiting by fulfilling e-commerce orders. Though retailers invest billions of dollars to be competitive, high delivery costs, rising return rates and labor costs limit profitability.
Fitbit, after a disappointing fourth quarter that included a 19% dip in sales, intends to change its trajectory by focusing on casual consumers. CEO James Park says there is potential in this and other markets, adding, "we feel other parts of the market represent another 40 to 80 million users for trackers. The way we plan on capturing those users is more on the software side."
A new variety of biotech fast-growing broccoli, which can grow from seed to harvest in eight to 10 weeks, is being developed by researchers at the John Innes Center in UK. Lead researcher Dr. Judith Irwin said that by using the technology, "growers could turn around two field-based crops in one season, or if the broccoli is grown in protected conditions, four to five crops in a year."
Millennial viewers are growing into linear TV and are becoming more engaged in unscripted programming, says Scripps Networks CEO Ken Lowe. In addition to focusing on engagement, the company's other plans include a shift to digital due to advertiser demand and audience consumption, Lowe says.
About 2,000 state-regulated dams in the US could fail and lead to the loss of life, and total US dam repairs are estimated at $60 billion according to the Association of State Dam Safety Officials. Recent heavy rains in the West have stressed the region's dam system, prompting the American Society of Civil Engineers to point out that nearly 70% of US dams are more than 50 years old.
LM Wind Power said it has decided to build a new turbine blade factory in France. "This move recognizes the strategic growth of offshore wind energy in Europe and the emerging commercial opportunity for Cherbourg and the surrounding region," said Vice President for Offshore Alexis Crama.
Southwest Airlines on Wednesday celebrated 35 years at Missouri's Kansas City International Airport as city officials look for ways to renovate the 44-year-old existing terminals.
The luxury Broadmoor resort outside Colorado Springs, Colo., is joining with a local brewer to create its own brand of beer. Broadmoor executive Krista Heinicke said Red Leg Brewing Co. was attractive for its community roots and its ownership by military veterans.