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Business News

Location American Business News for 21 October 2015

Credit Suisse to Launch $6.3 Billion Capital Increase

Wall Street Journal - 21 Oct 2015 09:56
Credit Suisse revealed details of a planned overhaul under its new chief executive, including raising roughly $6.3 billion in new capital, as the Swiss bank delivered a set of disappointing third-quarter results.
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How to Promote Your Restaurant Through Mobile Apps

The Huffington Post - 21 Oct 2015 23:44
How to Promote Your Restaurant Through Mobile Apps There seems to be a new restaurant opening up every other day. Regardless of how big, or small, the place you live in is, there is always a new local grill or chain opening up. So how do you differentiate yourself from e...
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Ackman, Paulson Funds Hit by Scathing Short-Seller Report on Valeant Investors like Bill Ackman (Trades, Portfolio), Ruane Cunniff (Trades, Portfolio) and John Paulson (Trades, Portfolio) took hits to their portfolio today after a company published a damning reporting on one of t...
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Uber's international expansion exec is out, reports say Uber’s senior vice president of international expansion, Niall Wass, is departing after some internal restructuring, Over the summer, much of the company’s international operations were culled into a single departmen...
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Here's What Really Happened at That Company That Set a $70,000 Minimum Wage Dan Price caused an uproar by paying his employees a minimum salary of $70,000. Now he wants to turn that uproar into a revolution.
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Yahoo Seeks Google Help As Revenue Falls

Sky News - 21 Oct 2015 07:55
Yahoo Seeks Google Help As Revenue Falls Yahoo does a deal aimed at bolstering its flagging advertising revenues from search as its latest results disappoint investors.
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Starbucks and Fiat Chrysler face multimillion-euro repayments after EU tax ruling - live Companies' tax avoidance deals to be ruled illegal after European Commission's 15-month investigation 9.00am BST Returning to the European Commission's decision on tax avoidance, a press conference will be held at 12.30p...
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Ferrari IPO zooms on to Wall Street

The Guardian - 21 Oct 2015 09:04
Ferrari IPO zooms on to Wall Street Luxury sports carmaker lists on New Yorks Stock Exchange with company valued at around $10bn Shares in Ferrari will make their debut on Wall Street on Wednesday, after demand from investors saw them priced at the top end...
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Toyota to Recall 6.5M Cars Over Faulty Window Switch The problem means debris can build up and cause a short circuit, which could cause the switch assembly to overheat and potentially lead to a fire.
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Theranos CEO Elizabeth Holmes Punches Back Against The Wall Street Journal Elizabeth Holmes defends Theranos against a scathing Wall Street Journal exposé--while speaking at a WSJ event. When Theranos founder Elizabeth Holmes agreed to be interviewed at the Wall Street Journal's WSJ.D Live con...
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ESPN is cutting about 300 jobs, or 4 percent of staff

News Observer - 21 Oct 2015 17:53
Disney's ESPN is cutting about 300 jobs, or 4 percent of its staff, amid signs that the traditional cable bundle is less far-reaching than it once was. …
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While Apple Pay and other mobile payment systems use fingerprint verification technology, buying things by only swiping your finger, may be far on the horizon.
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Dell CEO says taking the company private was 'fantastic for me' Fresh off the news of its massive $67 billion buyout of EMC, Dell CEO and founder Michael Dell says he has no regrets about his decision to take the PC manufacturing company private two years ago. On stage at the comp...
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It's crunch time at small businesses preparing for new requirements under the health care law
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GM profit exceeds expectations on strength of North America The company recorded a $575 million charge in the third quarter for ignition-switch fines.          
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Wall Street faces smaller bonuses, possible layoffs Bonus pools were cut after a disaml Q3 and everything will depend on the next few months.          
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Obama Officials Resurrect George W. Bush Deregulation Plan

The Huffington Post - 21 Oct 2015 16:24
Obama Officials Resurrect George W. Bush Deregulation Plan WASHINGTON -- The Securities and Exchange Commission has quietly resurrected a deregulation project from the George W. Bush administration, one with the potential to shift the American economic landscape in favor of big...
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Chipotle shares tumble 7% on disappointing earnings The company reported earnings of $4.59 per share on $1.2 billion in revenue for Q3.          
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$19B chip deal: Western Digital buys SanDisk

USA Today - 21 Oct 2015 16:20
$19B chip deal: Western Digital buys SanDisk Transaction is expected to close during third calendar quarter of 2016.          
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Kenneth Cole on Why Going Private Was the Smartest Thing He Ever Did Shoe designer Kenneth Cole took his company public in 1994, but he took it private again in 2012 so he could re-infuse it with the creativity that made it famous.
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Citigroup upgrades Smiths Group to a "buy" rating as it believes its new boss can offer a fresh perspective
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Last year, the federal government helped 8,469 federal employees make a dent in their student loans to the tune of more than $58.7 million.
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