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Business News

Location American Business News for 27 August 2015
India - we can take the economic lead as China stumbles Finance minister, Arun Jaitley, tells the BBC this is the moment for India's "economic miracle" to take hold.
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World's biggest car manufacturers sued over 'deadly' keyless ignitions Claims that the new system in five million cars is linked to carbon monoxide poisoning which has led to 13 deaths Ten of the world's biggest carmakers were sued on Wednesday by American consumers who claim they concealed...
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FTC shuts Vemma 'pyramid' scheme that used college kids Students returning to college campuses this week will have to find a new energy drink -- and another way to get a BMW. Federal regulators raided the Tempe, Ariz., headquarters...
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'The Witcher 3' Sold 6 Million Copies In Its First 6 Weeks According to CD Projekt RED, The Witcher 3 managed to sell over 6 million copies in its first 6 weeks since launch. That is a remarkable figure, especially considering its relatively meager budget for an open world game.
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Dole Executives Ordered to Pay $148 Million in Buyout Suit

Wall Street Journal - 27 Aug 2015 19:10
A Delaware judge ordered Dole Food's chief executive and a former official to pay shareholders $148 million, ruling that CEO David Murdock's 2013 buyout undervalued the fruit grower.
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In my experience mentoring new entrepreneurs and aspiring business leaders, I see far too many who seem to be driven by all the wrong reasons. Everyone seems to espouse extrinsic motivations, such as getting rich, having...
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Concerns about the Chinese economy have mounted in recent months, amid lower growth forecasts (below 7% for 2015), industry overcapacity, slowing exports and the ongoing decline in the stock market. The country’s solar...
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Tiffany Q2 Sales Down 2%, Earnings Fall 16%

Forbes - 27 Aug 2015 18:25
Tiffany Q2 Sales Down 2%, Earnings Fall 16% The luxury jewelry retailer now expects net earnings for the year to be 2 percent to 5 percent lower than the prior year.
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(Reuters) - Drugmaker Abbott Laboratories , knocking down a report in the Financial Times, denied on Thursday that it was preparing a bid for medical device maker St Jude Medical Inc .
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China's Oil Giants Don't Fit Into Cheap-Oil World

Wall Street Journal - 27 Aug 2015 18:08
PetroChina, Sinopec and Cnooc's latest results show China's oil giants are still spending too much.
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Stocks jump further as U.S. economy shows unexpected strength U.S. stocks opened sharply higher Thursday, extending a strong rally in the prior session, following a report of unexpectedly brisk U.S. economic growth and a surge in Chinese stock prices.
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Barclays lawsuits triggered by 'Flash Boys' book just got thrown out of court Barclays has one less thing to worry about. On Wednesday, a judge in New York dismissed a series of lawsuits alleging the bank's so-called dark pool – a private trading system that allows clients to buy and sell share...
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China's Market Stabilizes Following Torrid Week Dovish comments out of the US have prompted stability in the Chinese markets as Europe looks set to open higher too.
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Asian Stocks Rise After Wall Street Rebounds Analysts said there are probably more roller-coaster days ahead
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Top Tata man says UK should stay in EU

BBC - 27 Aug 2015 09:05
Top Tata man says UK should stay in EU Tata's head of strategy says it would be better for our business if the UK stayed in the European Union.
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Animal rights activists accuse McDonald's chicken supplier of clubbing birds to death McDonald's says abuse depicted in video taken at Tennessee chicken farm is "unacceptable."          
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Why investing in bonds is so dangerous right now

New York Post - 27 Aug 2015 07:09
Why investing in bonds is so dangerous right now You are probably worried about your investments in the stock market -- and with good reason. But what about the money you have invested in bonds? People are probably finally...
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Finding the hidden dragons in eastern Europe

MoneyWeek - 27 Aug 2015 19:34
Forget the Brics and the Asian Tigers - the beasts sitting on the largest hoards of treasure are to be found in eastern Europe, says Jonathan Compton. The post Finding the hidden dragons in eastern Europe was first publi...
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Market Turmoil Seen Spurring China Property Purchases Abroad

Wall Street Journal - 27 Aug 2015 18:34
Instability drives Chinese to seek havens in global real-estate investments, as Australia worries about overheated market.
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BuzzFeed partners with GroupM, world's largest buyer of online ads BuzzFeed, the fast-growing media site, and GroupM, the world's largest buyer of online advertising, announced a partnership Thursday that underscores the rising lure of digital publishing to leading brands.
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S&P 500 Analyst Moves: GOOG

Forbes - 27 Aug 2015 20:05
The latest tally of analyst opinions from the major brokerage houses shows that among the components of the S&P 500 index, Google (GOOG) is now the #2 analyst pick, moving up by 1 spot.
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A Rental Named Desire

IBTimes - 27 Aug 2015 15:36
The beginning of the end of Desi Grimes' life in a New Orleans subdivision started with running the washing machine one night. The secretary and mother of four awoke in the morning to find water pooling in the den, colle...
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