Business News
Wynn Resorts jumps 7 percent over merger speculation with MGM resorts
USA Today - 5 Jun 2015 04:26
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.
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...
Intel Corporation (INTC) Planning Massive Layoffs
Bidness etc. - 5 Jun 2015 16:00
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.
3 Leadership Secrets From Shake Shack's Near-Billionaire Danny Meyer
inc - 5 Jun 2015 18:15
Leadership principles (including don't be a bleephole) shared by this wildly successful entrepreneur and master of hospitality.
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.
Walton family cements influence at Wal-Mart with new chairman
Reuters - 5 Jun 2015 19:09
FAYETTEVILLE, Arkansas
How to build a portfolio of P2P lenders - and earn a tasty income
MoneyWeek - 5 Jun 2015 14:23
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 ...
High Inflation Makes Ukraine's Troubled Situation Worse
The New York Times - 5 Jun 2015 13:01
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.
PPI Scandal: Lloyds Hit With £117m Fine
Sky News - 5 Jun 2015 10:28
Lloyds has been fined £117m by the City regulator as the payment protection scandal rolls on.
Greece Would Suffer If It Left Eurozone. But Would Europe?
ABC News - 5 Jun 2015 08:05
Greece would likely suffer from leaving the eurozone, but would Europe? Some aren't worried
SEC probing whether activist investors secretly acted jointly: source
Reuters - 5 Jun 2015 05:56
(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.
What Warren Buffett, Bill Gates, and Elon Musk Have in Common (Besides Their Billions)
inc - 5 Jun 2015 05:25
The richest entrepreneurs all share this one ability.
Changing styles hamper Lands' End sales
USA Today - 6 Jun 2015 00:51
Lands' End shares fall as changing styles hamper sales, but new CEO wants to refresh design
Job machine ramps up, Fed hikes back on table
USA Today - 5 Jun 2015 18:53Lloyds: loss of bonuses does not tally with scale of PPI scandal
The Guardian - 5 Jun 2015 18:35
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...
Amazon.com, Inc. And Google Inc Race To Be Leaders In DNA Cloud Computing
Bidness etc. - 5 Jun 2015 18:22
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...
Compensation for poor conduct has cost the world's biggest banks £200bn
The Guardian - 5 Jun 2015 18:18
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...
Why Gold Will Rally Again, Regardless of Deflation or Inflation
The Street - 5 Jun 2015 18:17
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...
HSBC money-laundering procedures 'have flaws too bad to be revealed'
The Guardian - 5 Jun 2015 18:10
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...
Gap (GPS) Stock Falls After Posting May Sales Numbers
The Street - 5 Jun 2015 18:01
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...
Creditors Give Puerto Rico Electric Power Authority 2-Week Extension
Wall Street Journal - 5 Jun 2015 17:59
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.
Hewlett-Packard Company (HPQ)To Make Major Investments Ahead Of Split : WSJ
Bidness etc. - 5 Jun 2015 17:56
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...