Business News
Amazon's Next Plot Is Real Estate
Barron's - 4 Feb 2016 14:44
A move into physical retail is inevitable for Amazon, even though 300-400 stores are more than other online retailers.
Takeover Target? Why Edgewell May Be Bought
Barron's - 4 Feb 2016 14:44
The personal-care products company, whose brands include Edge and Hawaiian Tropic, is ripe for a deal.
'Flash crash' trader begins fight against extradition to US
The Guardian - 4 Feb 2016 08:00
Briton Navinder Sarao is accused of manipulating stock markets in 2010 by placing fake sell orders The British trader accused of playing a major role in the 2010 Wall Street "flash crash", Navinder Sarao, will attempt to...
One of the hottest clothing start-ups is suddenly laying off 10% of its staff
Business Insider - 4 Feb 2016 23:58
Instagram/nastygal Nasty Gal is starting to crumble. Bloomberg is reporting that the company is going to lay off 10% of its staff. The company's CEO Sheree Waterson told Bloomberg that axing these 19 employees is part ...
Automakers to recall 5M vehicles for another air bag problem
Miami Herald - 4 Feb 2016 16:27
Another problem has developed with automotive air bags, this one resulting in recalls of up to 5 million vehicles worldwide. …
Bank of England's Carney: UK Rates Will Go Up. Really.
Forbes - 4 Feb 2016 16:06
Brave or foolish? Undaunted by his past missteps in providing forward guidance to the markets, Mark Carney has been at it again.
VIDEO: Central banks 'too aggressive' on rates
BBC - 4 Feb 2016 07:43
Dominic Rossi, the head of global equities at Fidelity, says central banks have been 'too aggressive' when communicating over interest rates.
Dick Smith underpaid its workers for up to six years, say receivers
The Guardian - 4 Feb 2016 05:55
Ferrier Hodgson says as many as 3,200 employees underpaid annual leave loading entitlements, which adds about $2m to retailer's outstanding liabilities The troubled electrical retailer Dick Smith has been underpaying wor...
The Pentagon and the Navy are fighting over a $23 billion combat ship
Business Insider - 4 Feb 2016 05:37
Thomson Reuters The fight between the Defense Department and the Navy over the service’s $23 billion Littoral Combat Ship program is heating up just as the Pentagon prepares to release its budget for the next fiscal ye...
The Wall Street Journal: Sharp to accept Foxconn's takeover bid, report says
Market Watch - 4 Feb 2016 05:50
Sharp Corp. has agreed to accept a takeover offer from Taiwanese electronics assembler Foxconn, Japanese public broadcaster NHK reported Thursday.
Wing Zone franchise preps for the big game
CNBC - 4 Feb 2016 22:08
One small business is trying to break its own record for chicken wing sales on Super Bowl weekend.
President Obama reminded everyone that 'Islam has always been a part of America'
Business Insider - 4 Feb 2016 23:57
President Obama spoke at an American mosque for the first time on Wednesday, and reminded everyone that Islam has been a part of America since the very beginning. Story by Jacob Shamsian and editing by Adam Banicki Fol...
This is the Star Wars: Battle Pod you were looking for -- where to play it in the U.S.
Venture Beat - 4 Feb 2016 23:50
Don’t worry, no Bothans died to bring us this information. Game publisher Bandai Namco has a list that reveals every location in the country, by state, where you can play Star Wars: Battle Pod. It’s an arcade shootin...
Agents Raid Former Insurance Magnate's Offices
Wall Street Journal - 4 Feb 2016 23:35
Federal investigators recently searched the Manhattan offices of an investment firm once headed by young insurance magnate Alexander Chatfield Burns, whose empire collapsed in 2014 amid allegations that millions of dolla...
LinkedIn now has 414 million members, with 57% of traffic coming from mobile
Venture Beat - 4 Feb 2016 23:18
LinkedIn (LNKD) revealed today during its Q4 2015 earnings report that it now has 414 million members, a 3.43 percent increase from last quarter’s results. “In the quarter, cumulative members grew 19% to 414 million,...
LinkedIn acquires recruiting startup Connectifier
Venture Beat - 4 Feb 2016 23:15
LinkedIn today announced in its earnings statement that it has acquired Connectifier, a startup with technology for helping recruiters find talent. Terms of the deal weren’t disclosed. “The acquisition of Connectifie...
News Corp revenue falls for 4th straight quarter
CNBC - 4 Feb 2016 23:08
News Corp. reported mixed results, posting fiscal second-quarter earnings of 20 cents per share on $2.16 billion in revenue.
WhatsApp group chat limit extended to 256 people
Venture Beat - 4 Feb 2016 22:38
WhatsApp has released an update that increases the number of people you can have in a group chat. Before today, the messaging service limited you to 100 people, but now that has more than doubled to 256. First noticed by...
Valeant Needs More Volume Amid the Noise
Wall Street Journal - 4 Feb 2016 22:15
Valeant Pharmaceuticals International shares held up through a congressional grilling. But worries for the stock aren't over.
Why the Fed Can't Save Markets Right Now
Wall Street Journal - 4 Feb 2016 21:59
The Federal Reserve could clear the air by taking a March rate increase completely off the table. But that is easier said than done.
Noteworthy Thursday Option Activity: FDX, YUM, TWC
Forbes - 4 Feb 2016 21:54
Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in FedEx Corp (NYSE: FDX), where a total of 11,817 contracts have traded so far, representing approximately 1.2 million...
Flash crash trader Navinder Sarao begins extradition fight
Telegraph - 4 Feb 2016 23:19
Navinder Sarao is resisting attempts to extradite him to the United States