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Business News

Location American Business News for 11 August 2015

Google forms a new holding company, 'Alphabet'

Business Insider - 11 Aug 2015 08:16
Google forms a new holding company, 'Alphabet' SAN FRANCISCO (AP) -- Google is creating a new company to oversee its highly lucrative Internet business and a growing flock of other ventures, including some -- like building self-driving cars and researching ways to pr...
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10 things in tech you need to know today (GOOG, TWTR, APPL) Good morning! Here's the tech news you need to know today. 1. Google has announced a massive reorganisation. It will become an subsidiary of an entirely new parent company called Alphabet. 2. Larry Page will lead Alpha...
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Why has China devalued its currency now and what impact will it have? Beijing devalues yuan by nearly 2% against US dollar, which will make Chinese goods cheaper after figures showed 8.3% fall in exports in July China's central bank has devalued the yuan by nearly 2% against the US dollar ...
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Alibaba Spends $4.63 Billion To Buy 20 Percent Stake In Chinese Electronics Retailer Suning It's just another day for Alibaba, as the company invests in Suning to gain a significant share in one of the largest consumer electronics retail chains in China.
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FDA Warns Kim Kardashian About Instagram Endorsement The FDA wasn't amused when celebrity Kim Kardashian endorsed a drug on Instagram.
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Larry Sonsini Of Wilson Sonsini, On Building A Law Firm From The Ground Up I speak with eponym Larry Sonsini about some of the fundamental lessons and attributes that he and his firm have learned and leveraged to achieve their position in the fast-paced, smart, and aggressively evolving markets...
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China devalues yuan in shocking move

CNN - 11 Aug 2015 08:59
China devalues yuan in shocking move The People's Bank of China allowed the yuan to depreciate by nearly 2% against the U.S. dollar on Tuesday, the result of a surprise policy change that could spark a currency war in Asia.
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China devalues yuan by 2% to boost flagging economy

The Guardian - 11 Aug 2015 06:30
China devalues yuan by 2% to boost flagging economy China has moved after recent data showed slumping exports and a shrinking manufacturing sector, but the devaluation could deepen global currency wars China has devalued its currency to boost flagging exports in a move th...
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Envestnet Inc., a Chicago-based provider of online investment tools, said it has reached a deal to acquire Yodlee Inc. in a cash-and-stock transaction that values the company at about $590 million.
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The Neuroscience Behind Competitive Edge

The Huffington Post - 12 Aug 2015 01:47
The Neuroscience Behind Competitive Edge A new field of neuroscience has defined the pathway for cultivating breakthrough innovators and problem-solving managers who keep companies competitive. This new research has identified specific elements in our mental at...
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How Reader Demand For Content Will Shift By 2016 In order to maintain relevance in the content world, brands will have to anticipate changes in user expectations. While it's impossible to predict any technological or cultural shifts with complete accuracy, I do believe...
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HP Inc. to Pay Higher Dividend Than HP Enterprise The higher dividend may make more sense as HP Inc. is likely to be less acquisitive than HP Enterprise.
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Global Stocks Fall After Yuan Move

Wall Street Journal - 11 Aug 2015 18:16
China's devaluation of its currency has sent global stocks tumbling lower, hitting the shares of companies that export to China or compete with Chinese rivals especially hard.
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Police raid Uber offices in Hong Kong

New York Post - 11 Aug 2015 17:39
Police raid Uber offices in Hong Kong HONG KONG -- Hong Kong police searched Uber’s office in the Asian financial center on Tuesday, in the latest legal headache for the fast-growing company that’s meeting resistance from regulators...
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Greece and lenders agree new bailout deal, finance minister says Deal reached after lengthy overnight talks in Athens will keep Greece in the eurozone and avert bankruptcy Greece and its international creditors agreed a new multibillion-euro bailout deal on Tuesday, in an accord which...
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Twitter expands NFL deal with new multimedia pact

New York Post - 11 Aug 2015 05:40
Twitter expands NFL deal with new multimedia pact Twitter, troubled by slowing growth, on Monday turned to the reliable standby used by TV networks, wireless providers, candy- bar makers and brewers to build business: the National Football League....
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(Reuters) - Standard & Poor's on Tuesday said it may downgrade Warren Buffett's Berkshire Hathaway Inc because the company plans to spend a large amount of its cash to finance its roughly $32.3 billion purchase of aerosp...
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6 ways to get the trendiest haircut for guys right now

Business Insider - 11 Aug 2015 22:56
6 ways to get the trendiest haircut for guys right now Fades are in. Walk down the street, pick up a magazine, turn on your TV — the close-cropped style can be seen on stylish gents everywhere. But not all fades are created equal. In fact, there's a fade for nearly every...
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Buying Tesla, Google, and Amazon, Avoiding Netflix Joshua Spencer, manager of the T. Rowe Price Global Technology fund, likes growth, but only at a fair price.
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Co-op Bank Avoids £120m Fine Over Near-Collapse The Co-operative Bank has avoided a £120m fine from regulators over its governance and risk management crisis two years ago.
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China Yuan Fall Won't Ease Pressure on Economy

Wall Street Journal - 11 Aug 2015 09:41
China figures a more flexible currency can help it better deal with economic challenges, but it will be a delicate adjustment.
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U.S. to Charge That Hackers Tapped Early Deal News

Wall Street Journal - 11 Aug 2015 09:11
U.S. authorities are preparing to unseal sweeping charges as early as Tuesday against a group of traders and computer hackers who allegedly schemed to get early access to press releases about mergers and acquisitions and...
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