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Business News

Location American Business News for 16 July 2015

China's debt is growing faster than its economy

Business Insider - 16 Jul 2015 07:46
China's debt is growing faster than its economy While China’s economy expanded at a faster-than-expected pace in the year to June there was something that accelerated even quicker – private sector debt. According to Bloomberg, outstanding loans for companies and ...
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Why Transparency Should Matter to Food and Beverage Companies Food and beverage product recalls, withdrawals and safety alerts, oh my! Another day, another food or beverage product recall. Niagara Bottling recently recalled 14 bottled water brands after one of its spring water sour...
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A source said that the online retailer, which is already spinning off PayPal, was in talks with a consortium led by the private equity firm Permira.
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HIllary has spent $19 million on her campaign in three months WASHINGTON (AP) — Hillary Rodham Clinton spent more than $18 million hiring hundreds of employees in the first three months of her presidential campaign, creating a national operation that vastly outpaces her rivals in...
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The IRS has hit a new low

Business Insider - 16 Jul 2015 07:46
The IRS has hit a new low WASHINGTON (AP) — Hello? Hello? Customer service at the IRS hit new lows this year, just as taxpayers were grappling with a wave of identity theft and new requirements under President Barack Obama's health law. A repor...
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Supermarket Pricing Is Confusing, Says CMA

Sky News - 16 Jul 2015 10:29
Supermarket Pricing Is Confusing, Says CMA The Competition and Markets Authority launched an investigation following a super-complaint from consumer group Which?
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VIDEO: More poor children in working families The proportion of poor children whose parents work has risen, a report on living standards has concluded.
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Nintendo's next 'Super Mario' game has a bizarre, glaring flaw "Super Mario" may be an Italian plumber, but that's the last thing you're thinking about while punching question mark blocks. He's just a little cloud of pixels with a tiny brown mustache, right? But in the next "Super M...
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A Ten Second Lesson in Customer Service from Discount Tire Discount Tire is well known for being the largest tire and wheel retailer in the world – but that’s not its only world title. The company also holds the Guinness World Record for the Longest Running TV Commercial.
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U.S. Stocks Rise as Greek Uncertainty Ebbs

Wall Street Journal - 16 Jul 2015 19:25
U.S. stocks climbed following a batch of upbeat earnings reports and as Greece's Parliament passed austerity measures needed to secure a fresh bailout.
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Goldman Sachs Posts Weaker Results on Big Litigation Provision

Wall Street Journal - 16 Jul 2015 19:17
Goldman Sachs reported a drop in quarterly profit after the firm set aside more than $1 billion to cover legal costs and debt-trading revenue fell.
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NEW YORK (TheStreet) -- Donald Trump is apparently quite the stock picker -- according to Donald Trump. The real estate magnate-turned GOP presidential candidate announced in a press release on Wednesday that he has file...
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Uber Fined $7.3 Million By California Regulators, Risks Suspension The ride-sharing company has 30 days to pay the fine--and if it doesn't cooperate, Uber could be suspended in California. A California government agency has hit Uber with a $7.3 million fine for withholding information f...
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Chinese manufacturer, Xiaomi, responds to Apple's copycat claims July 16 -- Xiaomi's Vice President of Global Operations Hugo Barra discusses being accused of copying Apple's iPhone design with Bloomberg's Emily Chang for a wide-ranging interview on "Studio 1.0."          
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Investigators shut down an online marketplace where cybercriminals bought and sold hacked databases, malicious software and other products that could cripple or steal information from computer systems, the Justice Depart...
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Ofcom seeks view on breakup of BT

BBC - 16 Jul 2015 10:28
Ofcom seeks view on breakup of BT Communications regulator Ofcom has opened a consultation into whether parts of BT Group should be split off from the company.
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Dairy giant Fonterra to cut jobs

BBC - 16 Jul 2015 09:13
Dairy giant Fonterra to cut jobs The world's largest dairy producer, New Zealand's Fonterra, says it plans to cut more than 500 jobs in the face of tumbling diary prices.
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NEW YORK (TheStreet) -- Shares of Netflix  reached an all-time high Thursday, topping the S&P 500 with a gain of 18%. The stock is TheStreet's Move of the Day.  Shares saw a boost after Netflix reported second-quarter ...
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Foreign holdings of US Treasury securities slipped 0.1 percent in May to $6.13 trillion
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Opening Bell | Watch out for Tata Steel, RIL, Essar Oil Asian markets were trading lower with China's Shanghai Composite continuing the slide, down 2.4% despite better than expected GDP data
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The National Journal to End Print Edition

The New York Times - 17 Jul 2015 01:56
Atlantic Media, which owns The National Journal, the political magazine, said it would focus its efforts online and on live events instead.
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First Take: It's Google vs. the world

USA Today - 17 Jul 2015 01:55
First Take: It's Google vs. the world It's getting harder to track of the number of technology markets in which Google is No. 1.          
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