Business News
Puerto Rico's PRASA Lacks Bond Insurance in New $750M Debt Raise
The Street - 14 Aug 2015 18:26
NEW YORK (The Deal) -- The Commonwealth of Puerto Rico is including some attractive features in the $750 million bond that its water and sewer utility is issuing, but sources say that it lacks one element that would mak...
Oil Prices Slide to 6½-Year Low
Wall Street Journal - 14 Aug 2015 09:55
Crude-oil futures on the New York Mercantile Exchange dropped to a more-than six-year low on escalating concerns about demand from China following the yuan's devaluation.
Greece: All-night debate on new bailout
Business Insider - 14 Aug 2015 08:35
ATHENS, Greece (AP) -- Greek lawmakers are continuing a debate in parliament to approve a massive new bailout deal after repeated delays over procedure and dissent within the governing left-wing Syriza party caused the s...
Key eurozone talks on Greece bailout
BBC - 14 Aug 2015 19:04
Eurozone finance ministers are meeting to decide on a new bailout deal for Greece, after Athens backed the plan.
Be Happier at Work With Rex Huppke's 5 Easy Steps
Chicago Tribune - 14 Aug 2015 18:4548% paycut for the CEO behind Guinness brand
CNN - 14 Aug 2015 18:20
The CEO of Diageo, the maker of Guinness, Smirnoff, and Johnnie Walker, has had his salary slashed by 48%.
U.S. growers worry over China's economy
L.A. Times - 14 Aug 2015 05:29Chicago Tribune Writer: I'm 'Praying' For A Storm Like Katrina In Chicago
TPM - 14 Aug 2015 22:33
A member of the Chicago Tribune's editorial board wrote Thursday that she is praying for a storm that will transform Chicago -- similar to the way Hurricane Katrina forced change upon New Orleans.
Post-Katrina Struggles Continue in the Lower Ninth Ward and Parts of West Bank New Orleans
The Huffington Post - 14 Aug 2015 21:37
(An earlier version of this blog was published in "The Louisiana Weekly" in the July 27, 2015 edition.) In the Lower Ninth Ward of New Orleans, Rev. Charles Duplessis of Mount Nebo Bible Baptist Church says an estimate t...
Generic-Drug Firms That May Be Swallowed Up
Barron's - 14 Aug 2015 19:39
ANI Pharmaceuticals, Akorn, Impax and Sagent Pharmaceuticals are smaller firms that could begin to consolidate.
Apple Finally Releases Diversity Numbers, Shows Incremental Improvement
Fast Company - 14 Aug 2015 19:00
Still, its U.S. workforce is largely made up of white men. A new snapshot of Apple's diversity numbers makes clear that the global innovator still has work to do, despite improvements made to diversify its ranks since la...
Kaspersky ex-employees say Russian antivirus firm faked malware to harm rivals
Venture Beat - 14 Aug 2015 18:35
SAN FRANCISCO (Reuters, Joseph Menn) – Beginning more than a decade ago, one of the largest security companies in the world, Moscow-based Kaspersky Lab, tried to damage rivals in the marketplace by tricking their antiv...
Why Murray Energy Acquired Goldman Sachs Group Inc Colombian Coal Mine?
Bidness etc. - 14 Aug 2015 18:30
The US leading coal mining company, Murray Energy Corp. acquired Goldman Sachs Group Inc.'s (NYSE:GS) Colombian coal mining unit. The deal consists of several valuable assets, including two developed mines El Hatillo and...
Fair Game: Doubt Starts Chipping Away at the Market's Mind-Set
The New York Times - 14 Aug 2015 18:23
In this aging bull market, investors are showing signs of a sea change in their attitudes.
Wall Street higher after positive economic data
Reuters - 14 Aug 2015 18:21
(Reuters) - Wall Street was slightly higher on Friday as a raft of positive data pointed to a bullish signal for third-quarter economic growth.
Aspen Technology (AZPN) Stock Falls Despite Earnings Beat
The Street - 14 Aug 2015 18:05
NEW YORK (TheStreet) -- Shares of Aspen Technology were falling 14.1% to $36.09 on heavy trading volume Friday despite the business software company's positive fiscal fourth quarter financial results. Aspen reported ear...
China halts yuan devaluation with slight official rise against US dollar
The Guardian - 14 Aug 2015 07:55
Central bank moves to ease uncertainty around currency on global markets after cutting exchange rate for three days running Related: China's economic mandarins are proving to be human after all China's central bank has r...
How to Invest In Cuba: Revolutionize Your Portfolio
The Street - 14 Aug 2015 19:02
NEW YORK (MainStreet) -- Cuba, with its longtime trade embargo and travel restrictions, clearly has been the furthest thing from a hotbed of economic activity for decades. But investors hoping all that will change amid ...
Goldman Sachs Scoops up $16 Billion in GE Capital Fire Sale
The Street - 14 Aug 2015 18:28
NEW YORK (TheStreet) -- Goldman Sachs just got one step closer to becoming a bank for the people. On Thursday, the New York-based investment bank announced that it agreed to acquire the online platform of General Electr...
RANKED: The world's national debts, from safest to most risky
Business Insider - 14 Aug 2015 11:43
Bank of America's Transforming World Atlas has loads of lovely infographics in it, but one of the most colourful is a map of the world's riskiest sovereign debt. The map uses the prices of credit default swaps, which are...
Greek bailout vote and eurozone GDP growth figures - live updates
The Guardian - 14 Aug 2015 10:24
Rolling coverage as Greek MPs vote on the country's third bailout, plus the latest growth figures from across the eurozone Introduction: Greek MPs pull an all-nighter Tsipras: No regrets French GDP stagnates Germany miss...
Nelson Peltz makes hay in Houston
USA Today - 14 Aug 2015 23:30
Shares of food distribution company Sysco shot up 7% on Nelzon Peltz's 7% stake