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Business News

Location American Business News for 5 June 2015
Wynn Resorts jumps 7 percent over merger speculation with MGM resorts Shares of Las Vegas-based casino operator Wynn Resorts (WYNN) ended Thursday's trading day up over 7 percent, making it TheStreet's Move of the Day.          
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The 25 Toughest U.S. Colleges to Get Into

The Street - 5 Jun 2015 19:20
NEW YORK (TheStreet) -- With the school year coming to a close, most students are ready to forget about classes and enjoy the summer. For high school students preparing for college applications, this summer will be fil...
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Intel Corporation (INTC) Planning Massive Layoffs

Bidness etc. - 5 Jun 2015 16:00
Intel Corporation (INTC) Planning Massive Layoffs According to a report by The Oregonian, Intel Corporation (NASDAQ:INTC) is planning to lay off several employees from its task force as a response to the disappointing revenue outlook for FY15.
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3 Leadership Secrets From Shake Shack's Near-Billionaire Danny Meyer Leadership principles (including don't be a bleephole) shared by this wildly successful entrepreneur and master of hospitality.
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OPEC Keeps Output Unchanged

Wall Street Journal - 5 Jun 2015 19:26
OPEC will keep its collective output level unchanged at 30 million barrels a day, the second time in six months it decided to take no action amid a global glut of crude and weak oil prices.
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FAYETTEVILLE, Arkansas
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The lending side of alternative finance has seen staggering growth. David C Stevenson explains all you need to know about setting up a P2P lending portfolio. The post How to build a portfolio of P2P lenders - and earn a ...
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High Inflation Makes Ukraine's Troubled Situation Worse

The New York Times - 5 Jun 2015 13:01
High Inflation Makes Ukraine's Troubled Situation Worse While the rest of Europe tries to shrug off low inflation, Ukraine is dealing with sharply rising prices. The costs of many goods have doubled or tripled.
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PPI Scandal: Lloyds Hit With £117m Fine

Sky News - 5 Jun 2015 10:28
PPI Scandal: Lloyds Hit With £117m Fine Lloyds has been fined £117m by the City regulator as the payment protection scandal rolls on.
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Greece would likely suffer from leaving the eurozone, but would Europe? Some aren't worried
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(Reuters) - The U.S. Securities and Exchange Commission is investigating whether some activist investors secretly acted jointly to target companies, one hedge fund industry source said.
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What Warren Buffett, Bill Gates, and Elon Musk Have in Common (Besides Their Billions) The richest entrepreneurs all share this one ability.
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Changing styles hamper Lands' End sales

USA Today - 6 Jun 2015 00:51
Changing styles hamper Lands' End sales Lands' End shares fall as changing styles hamper sales, but new CEO wants to refresh design          
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Job machine ramps up, Fed hikes back on table

USA Today - 5 Jun 2015 18:53
Job machine ramps up, Fed hikes back on table A rebounding job market could pressure Federal Reserve to hike rates sooner than expected.          
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Lloyds: loss of bonuses does not tally with scale of PPI scandal The bank was a repeat offender in mishandling PPI claims, yet you would hardly say Lloyds' degree of bonus-docking is similarly fierce How bad would Lloyds Banking Group's failings in handling PPI claims have to be for t...
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Amazon.com, Inc. And Google Inc Race To Be Leaders In DNA Cloud Computing Reuters reports that companies like Google Inc. (NASDAQ:GOOG) and Amazon.com, Inc. (NASDAQ:AMZN) are racing against each other to acquire data that no other company in the world has attempted - human DNA. The companies h...
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Compensation for poor conduct has cost the world's biggest banks £200bn Figures covering 16 banks in five years to the end 2014 reveal £30bn increase in payouts, fines and legal bills on previous five-year period to end 2013 The cost of compensating customers, paying fines and legal bills f...
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NEW YORK (TheStreet) -- Worries that the U.S. economy may be headed toward deflation are on the rise.  Listen to the mainstream commentators, and they will have you convinced that gold is a horrible investment during t...
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HSBC money-laundering procedures 'have flaws too bad to be revealed' US justice department says if problems with bank's prevention systems were made public they could be exploited for serious criminal activity HSBC's procedures to prevent money laundering, sanction-breaking and criminal a...
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NEW YORK (TheStreet) -- The Gap shares are down 1.27% to $38.10 in early market trading on Friday after the company reported a decline May sales.The company reported that May sales fell to $1.25 billion from $1.27 billi...
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Puerto Rico's cash-strapped power authority will have another two weeks to reach a deal with creditors after proposing a plan to restructure its finances this week.
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Hewlett-Packard Company (HPQ)To Make Major Investments Ahead Of Split : WSJ It appears that Hewlett-Packard Company (NYSE:HPQ) is once again gearing itself for another acquisition spree. The company CEO, Meg Whitman, in an interview with The Wall Street Journal Yesterday, discussed the company's...
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