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Business News

Location American Business News for 3 August 2015
NEW YORK (TheStreet) -- Last Wednesday AAC Holdings reported second-quarter financial results that beat expectations, but the stock has been selling off since then. The problem here could hardly be any worse. On the same...
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Billionaire Agnelli Family Adds To Berkshire-Like Portfolio As Exor Buys PartnerRe For $6.9B Exor, a holding company controlled by the Agnelli family that owns interests in Fiat Chrysler Automotive, CNH Industrial, and Italian Serie A soccer champions Juventus is beginning to look like Berkshire Hathaway. On Mo...
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Mexican Tycoon Carlos Slim's Telcel Erases Mobile Borders Between The U.S. and Mexico With "Telcel Sin Frontera" (Telcel Without Border), a new plan that charges a token monthly fee for calls from Mexico to the U.S. and vice versa, billionaire Carlos Slim is erasing mobile borders between the two countrie...
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China's huge factory sector is struggling China's factories hit an unexpected speed bump in July, hiking concerns about slower growth in the world's second-largest economy.
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Volkswagen has overtaken Toyota to become the world's biggest carmaker MUNICH/TOKYO
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Proxy Firm Georgeson Under Investigation

Wall Street Journal - 3 Aug 2015 03:35
Georgeson, a proxy-solicitation firm, is being investigated by federal prosecutors as part of the government's increased focus on the illegal trading of confidential company information.
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Semiconductor Stocks Are In a Whole Lot of Trouble The benchmark PHLX Semiconductor Index has broken a long-term trendline and Intel is in danger of falling 20%.
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America's 50 Most Trustworthy Financial Companies Earlier this year, Forbes released the 2015 list of The 100 Most Trustworthy Companies In America, culled from data provided by MSCI ESG Research. The list included publicly-traded North American companies of all sizes ...
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Celgene's Bid for Receptos Could Be Topped

Barron's - 3 Aug 2015 20:46
Celgene's Bid for Receptos Could Be Topped Receptos could see a takeout offer for nearly 50% more than Celgene's current $232-a-share cash bid.
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RBS: Osborne To Pull Trigger On £2bn Sale

Sky News - 3 Aug 2015 19:28
RBS: Osborne To Pull Trigger On £2bn Sale The first sale of the Government's stake in RBS is likely to see around £2bn returned to the Treasury, Sky News understands.
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Exodus continues at Tidal as 2 more executives leave

New York Post - 3 Aug 2015 19:22
Exodus continues at Tidal as 2 more executives leave The troubling string of departures from Jay Z's Tidal music streaming service is getting longer with the recent exit of two more high-ranking executives, according to a report. Zena Burns,...
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London Trader Hayes Sentenced to 14 Years

Wall Street Journal - 3 Aug 2015 19:17
A jury has convicted Tom Hayes, a former trader at UBS and Citigroup, with fraudulently trying to rig the London interbank offered rate, or Libor, the first criminal conviction of an individual for manipulating the widel...
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Puerto Rico is about to default for the first time in history Puerto Rico is running out of time to pay all of its creditors this month.
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Uniqlo Aims For Bigger China Gains With New Disney Deal A new partnership extends Uniqlo and Disney's relationship with Star Wars, Avengers, and Frozen merchandise
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Puerto Rico's crisis: What you need to know Puerto Rico is expected to default on its debt Monday. Here's what you need to know.
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WASHINGTON,
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Cleaning up the financial markets

BBC - 3 Aug 2015 18:26
Cleaning up the financial markets Have we cleaned up the financial markets?
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Libor: the key global rate abused on a wide scale

The Guardian - 3 Aug 2015 18:16
Libor: the key global rate abused on a wide scale The financial crisis showed how important Libor had become in globalised markets - the Libor-rigging scandal showed how much that rate had been abused Libor first shot to prominence during the financial crisis when it em...
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Emerging markets: invest now in the next China

MoneyWeek - 3 Aug 2015 13:28
While ever more value investors are looking to emerging markets, one in particular stands out. David C Stevenson tips the best fund to play it. The post Emerging markets: invest now in the next China was first published ...
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Stock Up, Stock Down: Projecting Future NFL Team Values Projecting what NFL teams will see their values increase the most in the coming years, we also check in on franchises who are unlikely to see dramatic increases in the not-so-distant future. From the Dallas Cowboys to th...
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NEW YORK (TheStreet) -- Is the oil glut really that big? Jim Cramer isn't so sure. Cramer asked, if there's a big oil glut in the United States right now, why is the U.S. importing oil? Cramer said $43 a barrel is a ke...
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FIFA boss Blatter gives up International Olympic Committee seat Kuala Lumpur
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