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Business News

Location American Business News for 18 April 2015

Ebola's toll: $2.2B economic hit for W. Africa

USA Today - 18 Apr 2015 03:23
Ebola's toll: $2.2B economic hit for W. Africa The Ebola epidemic sucked $2.2 billion from economies in Guinea, Sierra Leone and Liberia.          
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Janet Yellen's decision will have global consequences - and the end of ultra-low rates could mean meltdown for indebted countries
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Neiman Marcus accused of selling fake fur that was real At issue are boots that have what could be described as fake faux fur.          
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On Long Island, a 'Little Jewel' Called Glen Head

Wall Street Journal - 18 Apr 2015 03:58
It's a one-hour train ride from Penn Station and a bike ride from North Shore beaches.
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Deutsche Bank AG's executive board is leaning toward disposing of its mass-retail unit Postbank and cutting around EUR200 billion ($216.2 billion) in investment-banking assets as it puts the final touches on its strategy...
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Despite some quite bombastic advertising, the Lexus RC 350 is not a performance car but a capering boulevardier with a soundtrack of cute, kitteny growls.
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Women in Business Q&A: Umaimah Mendhro, Founder & CEO, VIDA

The Huffington Post - 18 Apr 2015 15:18
Umaimah Mendhro is the Founder & CEO of VIDA, an e-commerce company that brings mindful global citizenship and an impeccable sense of taste to style-seekers around the world through carefully selected artistic partnershi...
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New Google security chief looks for balance with privacy

Business Insider - 18 Apr 2015 08:18
New Google security chief looks for balance with privacy Mountain View (United States)
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Hedgies whose convictions were overturned are set free -- for now After months in legal limbo, two hedge fund managers whose convictions were overturned in December are officially free men -- at least for now. The convictions of Todd Newman and...
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DOJ wants investigated companies to out their fraudsters The Justice Department is looking for scalps. Companies under investigation for fraud better be prepared to name names if they want prosecutors to show any mercy, the Justice Department's criminal...
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(Reuters) - The S&P 500 posted its biggest percentage loss since March 25 on Friday as investors shunned risk amid new trading regulations in China, renewed worries about Greece running out of money, and tepid U.S. corpo...
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Hedgies' mortgage bond profits fall to near zero

New York Post - 18 Apr 2015 06:15
Hedgies' mortgage bond profits fall to near zero Wall Street fat cats, who since 2009 have been pocketing billions of dollars in profits off the backs of beleaguered homeowners and their delinquent mortgages, could be facing the end...
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Sony Studio Renews Warning After WikiLeaks Posts Stolen Data

The New York Times - 18 Apr 2015 06:02
In a message to news organizations, a lawyer for the studio said that material taken in a cyberattack did not belong in the public domain.
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For sports fans, the new slimmer packages being offered by Verizon FiOS starting this weekend won't include one of the most popular networks in entertainment: ESPN.Disney-owned ESPN said in a statement late Friday that i...
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11 super successful tech leaders who overcame the handicap of being late arrivals to America More than a third of the top tech companies in the US were founded by people born outside of the country. Their success stories drive many immigrants to come to the US in hopes of realizing the American Dream. But just l...
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WASHINGTON
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Why Hillary Clinton Left Obama To Fend For Himself On Trade

The Huffington Post - 18 Apr 2015 04:05
Why Hillary Clinton Left Obama To Fend For Himself On Trade WASHINGTON -- President Barack Obama's trade agenda took a beating on Friday, as House Democrats threw cold water on his bid to fast-track the biggest free trade pact since the 1990s, and 2016 presidential contender Hill...
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The company said it would expand its engine plant in the northern state of Chihuahua to build a new gasoline engine that will be exported to the United States, Canada, South America and the Asia-Pacific region.
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Big differences divide Democrats, GOP on overhauling U.S. tax code Despite optimistic talk from Democrats and Republicans about overhauling the tax code, General Electric Co. recently showed that corporate executives aren't holding their breath for a bipartisan deal any time soon.
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Never Invest In A Movie, Says Billionaire Director George Lucas Audiences were privy to a rare treat as comedian Stephen Colbert interviewed Star Wars creator George Lucas onstage at the Tribeca Film Festival Friday afternoon.
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Box Office: 'Furious 7' Races To $1 Billion Faster Than 'Avengers,' 'Avatar' In box office terms, it took just a quarter-of-a-mile for Furious 7 to cross the $1 billion finish line, as the smash hit sequel surpassed said benchmark in its 17th day of worldwide release. That's the fastest sprint ...
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(Reuters) - Wal-Mart Stores Inc said on Friday it would eliminate the position of zone manager in its U.S. stores while adding up to 8,000 new department heads as part of an overhaul of its store operations.
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