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Business News

Location American Business News for 19 December 2015
Pilots for Warren Buffett's NetJets get raise under new contract NetJets' 2,800 pilots just dusted Warren Buffett. After three long years of sometimes acrimonious contract talks, with the Berkshire Hathaway-owned fractional jet ownership company, the pilots have hammered out a new fiv...
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The evolution of US Army uniforms over the last 240 years

Business Insider - 19 Dec 2015 19:07
The evolution of US Army uniforms over the last 240 years In the more than 200 years since the US declared independence from the English in 1776, the uniforms of those serving in the US Army have changed drastically.  Over the years, as the nation grew, uniforms too have evol...
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Now that the Fed has raised rates ... hopefully this ends well The economy's training wheels are coming off. Let's hope for the best.          
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A Bullish Forecast for Asset Managers' Shares

Barron's - 19 Dec 2015 10:07
A Bullish Forecast for Asset Managers' Shares BlackRock, T. Rowe Price, and other money managers may rebound in 2016. Time to reconsider their stocks.
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Marco Rubio skipped a vote on the federal budget deal to campaign in Iowa instead AP Photo/Charlie Riedel WASHINGTON (AP) -- Republican presidential candidate Marco Rubio railed against the year-end budget and tax package, suggested he might slow down its inevitable passage and then skipped the vote F...
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A Surprise Gift From Martin Shkreli, Who Became a Hated C.E.O. Many graduates of Hunter College High School were stunned when they learned that a $1 million donation to the school in March came from Mr. Shkreli, a multimillionaire pharmaceuticals executive.
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Here's the ISIS message the female San Bernardino shooter posted on Facebook during the attack Thomson Reuters An FBI document may confirm that the woman who helped carry out a shooting at a community center in San Bernardino, California, that left 14 people dead earlier this month did, in fact, pledge allegi...
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There has been a 'sea-change' in commodities, and hedge funds have lost $40 billion Reuters/ Tyrone Siu Commodities trading company Trafigura says there's been a "sea-change" in investor attitudes in the commodities sector. In other words, investors are feeling negative and many are fleeing commodi...
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IMF reforms clear last hurdle

BBC - 19 Dec 2015 15:20
IMF reforms clear last hurdle The US Senate adopts long-awaited reforms designed to give emerging economies a greater say in how the International Monetary Fund is run.
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Lawmakers and presidential candidates say tech companies should play a bigger role in national security.
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2015 Will End With Oil And Gas Markets Writhing In Pain As the year gets ready to end and another New Year is about to be ushered in, it’s common practice for many to not only make resolutions but to also reflect on the passing year.
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Oversold Junk-Bond Funds Pay 10% or More

Barron's - 19 Dec 2015 10:03
Oversold Junk-Bond Funds Pay 10% or More Take advantage of the rout in risky debt, especially deep-discount closed-end funds with huge yields.
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Fidelity Blue-Chip Growth Fund's Savvy Bets Pay Off Manager Sonu Kalra looks for blue-chip qualities in growth stocks such as Under Armour, Avago Technologies, Apple, and Alphabet.
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Jackass drug villain thinks he's a modern-day Rockefeller Infamous pharma villain Martin Shkreli fancies himself a hip-hop Rockefeller from Sheepshead Bay -- and claims the shaming chorus he faces online doesn't even register. "I don't mean to be presumptuous, but I liken mysel...
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The University of California pulls $30 million away from prison investments amid student demands REUTERS/Bob Riha Jr. SAN FRANCISCO
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These are three of the year's biggest tech blunders

Business Insider - 19 Dec 2015 06:05
Wikimedia Commons Not every idea turns out to be a good one. Let's take a look back at some of the blunders in the tech sector from the past year. Some you may remember, while others were a little more under the radar, b...
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Money-Fund Yields Should Rise Within Days

Wall Street Journal - 19 Dec 2015 05:54
It will only take days for the Federal Reserve's boost to short-term interest rates to start showing up in the yields of money-market mutual funds.
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Members of Hawaii's congressional delegation are applauding Hawaii's take in the $1.1 trillion federal spending bill, which includes spending increases in nearly all categories for the Aloha State. …
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Bank Risks 'Losing Green Identity' If Sold Off

Sky News - 19 Dec 2015 05:10
Bank Risks 'Losing Green Identity' If Sold Off Moving the Green Investment Bank into the private sector could "undermine its leadership role in the green economy", MPs warn.
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Tax Court: Luring Pigs To Untimely Demise With Kool-Aid Counts As Material Participation Ah, the Kool-Aid Man, that icon of the 80's whose violent emergence from your family's drywall signaled the start of some sugar-fueled shenanigans. You remember him, right?
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'Star Wars' opens to astronomical sales at box office Colleen Crosby, 48, saw the very first "Star Wars" movie at Mann's Chinese Theatre in Hollywood in 1977. And on Thursday she grabbed her lightsaber and homemade Jedi costume and rushed to the same spot for opening night ...
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The razor industry's best-selling behemoth, Mach3 maker Gillette, and fastest-growing upstart, online subscription service Dollar Shave Club, have been at war for America's $3.3 billion shaving business for years. But no...
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