Business News
Asian shares plunge to two-year lows as China stocks continue to fall
The Guardian - 19 Aug 2015 08:55
Shanghai shares index drops 3.9%, denting hopes of Chinese stock markets stabilising following last week's devaluation of yuan Asian shares on Wednesday struggled at two-year lows after Chinese stocks extended their fall...
Wall St. Slides in Reaction to Falling Global Markets
The New York Times - 19 Aug 2015 18:14
Investors sold shares in response to falling markets in Europe and Asia and waited for clues about interest rates from the Federal Reserve.
Establish Expertise Inside Your Company
Harvard Business Review - 19 Aug 2015 18:30
You don’t need to be the best in the world, just the best one there.
JPMorgan: Here's Why Wage Growth Stinks
Barron's - 19 Aug 2015 04:58
A strategist argues that the reasons have little to do with the vagaries of the economy.
Astoria Financial, Atlantic Coast Latest Merger Targets for Pushy Activists
The Street - 19 Aug 2015 18:37
NEW YORK (The Deal) -- Fresh off their apparent success in pressing Harrisburg, Pa.-based Metro Bancorp Inc. to be acquired by Pittsburgh, Pa.-based FNB Corp. for $474 million, the target's activist investors, PL Capi...
Hackers claim to have leaked Ashley Madison data trove online
Washington Post - 19 Aug 2015 07:04
Cheating spouses beware: Hackers claim to have released data stolen last month during a breach at Ashley Madison, a dating site for people looking for affairs.A roughly 10-gigabyte file that purported to contain several ...
China's flight of capital causes global ripples
The Guardian - 19 Aug 2015 04:44
Investment in emerging markets hits record low while sluggish growth figures cause jitters Chinese stock markets fell sharply in their final hour of trading yesterday as investors were rattled by the withdrawal of govern...
Blast tears off part of hotel after manager evacuates guests
Business Insider - 20 Aug 2015 01:28
SEATTLE (AP) -- A powerful explosion tore through a Washington motel, critically injuring a gas company worker and knocking back firefighters just minutes after the manager evacuated the building because she could smell ...
Yahoo! (YHOO) Stock Earnings Estimates Cut at Cantor Fitzgerald
The Street - 19 Aug 2015 22:19
NEW YORK (TheStreet) -- Yahoo! 2015 earnings estimates were lowered to $0.18 from $0.37 per share at Cantor Fitzgerald, with 2016 earnings estimates cut to $0.31 from $0.43 per share. The firm maintained its "buy" rating...
Prosecutor: Mom, not legal system, to blame in sons' deaths
Business Insider - 20 Aug 2015 01:49
BELLEFONTAINE, Ohio (AP) -- A mother accused of killing her three sons was dominated and isolated by her husband, a man nearly twice her age who had been her own mother's live-in boyfriend before they married, authoritie...
My Q and A With Petteri Lahtela, Whose OURA Ring Will Track Your Sleep
The Huffington Post - 20 Aug 2015 00:36
Petteri Lahtela is the CEO and co-founder of OURA, a wearable device -- in the form of a waterproof ring -- that measures our well-being as we sleep. In answer to my questions, he shared his insights on the restorative p...
Rewriting the Book on Valuing Wall Street's Big Banks
Wall Street Journal - 20 Aug 2015 00:11
Changes since the financial crisis should have investors repricing risk for banks--and raising valuations.
Five Reasons The U.S. Power Grid Is Overdue For A Cyber Catastrophe
Forbes - 19 Aug 2015 20:15
As other major industries one by one fall victim to hackers, the U.S. electrical-power generation and distribution system seems remarkably insulated from cyber threats. A March 24 story in USA Today reported that out o...
Citigroup to pay $15 million to settle SEC charges over compliance failures
Reuters - 19 Aug 2015 19:12
WASHINGTON
Bill Gross: Fed will hike rates in Sept as financial conditions a priority
Reuters - 19 Aug 2015 18:58
(Reuters) - Bond investing guru Bill Gross of Janus Capital Group Inc said in a tweet on Wednesday that the U.S. Federal Reserve will hike rates in September as financial market conditions take precedence over economic c...
Germany backs Greek bailout as Tsipras mulls early polls
Reuters - 19 Aug 2015 18:43
BERLIN/ATHENS
Western Digital, Seagate Could Hit Currency Jackpot
Barron's - 19 Aug 2015 18:20
Disk Drive makers with operations in Thailand will see an earnings boost if baht continues to slide.
Investors seek rate hike clues in Fed minutes
USA Today - 19 Aug 2015 18:20
The Fed hinted at its last meeting that its first rate hike in nearly a decade was nearing.
Why the stock market is going nowhere fast
USA Today - 19 Aug 2015 18:17
After big up years in 2014 and 2013, stocks have stalled and are stuck in a trading range.
Google Went Public 11 Years Ago Today
Time - 19 Aug 2015 18:11
Its stock price is up more than 1,500%
Elevating the Oil Crisis Discussion
Forbes - 19 Aug 2015 18:04
Economic activity in the manufacturing sector expanded in July for the 31st consecutive month, and the overall economy grew for the 74th consecutive month, say the nation’s supply executives in the latest Manufacturing...
Black Arts: The $800 Million Family Selling Art Degrees and False Hopes
Forbes - 19 Aug 2015 14:00
Elisa Stephens and her family built an $800 million fortune converting student loans into questionably valuable art degrees and pouring the profits into San Francisco real estate. Now, after two decades of blistering gro...