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Business News

Location American Business News for 4 February 2016

Amazon's Next Plot Is Real Estate

Barron's - 4 Feb 2016 14:44
Amazon's Next Plot Is Real Estate A move into physical retail is inevitable for Amazon, even though 300-400 stores are more than other online retailers.
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Takeover Target? Why Edgewell May Be Bought

Barron's - 4 Feb 2016 14:44
Takeover Target? Why Edgewell May Be Bought The personal-care products company, whose brands include Edge and Hawaiian Tropic, is ripe for a deal.
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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...
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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 ...
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Another problem has developed with automotive air bags, this one resulting in recalls of up to 5 million vehicles worldwide. …
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Bank of England's Carney: UK Rates Will Go Up. Really. Brave or foolish? Undaunted by his past missteps in providing forward guidance to the markets, Mark Carney has been at it again.
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VIDEO: Central banks 'too aggressive' on rates Dominic Rossi, the head of global equities at Fidelity, says central banks have been 'too aggressive' when communicating over interest rates.
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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...
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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...
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Sharp Corp. has agreed to accept a takeover offer from Taiwanese electronics assembler Foxconn, Japanese public broadcaster NHK reported Thursday.
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One small business is trying to break its own record for chicken wing sales on Super Bowl weekend.
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President Obama reminded everyone that 'Islam has always been a part of America' 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...
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This is the Star Wars: Battle Pod you were looking for -- where to play it in the U.S. 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...
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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...
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LinkedIn now has 414 million members, with 57% of traffic coming from mobile 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,...
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LinkedIn acquires recruiting startup Connectifier

Venture Beat - 4 Feb 2016 23:15
LinkedIn acquires recruiting startup Connectifier 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...
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News Corp. reported mixed results, posting fiscal second-quarter earnings of 20 cents per share on $2.16 billion in revenue.
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WhatsApp group chat limit extended to 256 people

Venture Beat - 4 Feb 2016 22:38
WhatsApp group chat limit extended to 256 people 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...
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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.
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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.
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Noteworthy Thursday Option Activity: FDX, YUM, TWC 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...
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Flash crash trader Navinder Sarao begins extradition fight Navinder Sarao is resisting attempts to extradite him to the United States
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