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Business News

Location American Business News for 23 February 2016
Snickers Bars Recalled in Germany After Plastic Find Confectionery giant Mars launched a major recall of several brands in Germany after a customer found a piece of plastic in one of its chocolate bars.
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Hollywood backs Fifth Journey to take movie-licensed games to China Hong Kong game publisher Fifth Journey has won backing from film studios Universal Pictures, Lionsgate, and MGM Studios to create movie-based mobile games for Asian markets such as China. The business makes sense because...
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5 Stocks So Dominant They'll Survive a Downturn Marc Pinto loads the stock portion of the Janus Balanced fund with fast-growing, disciplined firms.
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Pound Remains Under Pressure Over Brexit

Sky News - 23 Feb 2016 17:00
Pound Remains Under Pressure Over Brexit Sterling is trading close to 2009 lows after plunging as the campaign to leave the EU gained heavyweight political support.
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Bank governor dismisses setting negative interest rates even in the event of an economic downturn The Bank of England could cut interest rates to zero, but will seek to avoid following Sweden, Denmark and the eurozone by...
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Stocks sag after big rally to start the week

USA Today - 23 Feb 2016 16:39
Stocks sag after big rally to start the week Coming off its best week of the year and a nearly 230-point gain Monday, the Dow fell 0.2%.          
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Home Depot earnings beat estimates, raises dividend 17% Home Depot (HD) Tuesday reported fourth-quarter earnings and sales that beat Wall Street estimates as the retailer raised its quarterly dividend by 17%.          
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Yelp Isn't the Only Tech Company Paying Minimum Wage An Eat24 employee's Medium post complaining of low wages draws attention to the wealth gap within the tech industry. Here's what employees in similar positions at other companies make.
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28 places to party before you die

Business Insider - 23 Feb 2016 18:07
Facebook/Papaya club @ Zrce beach Some of the world's most stunning destinations are also home to incredible nightlife for travelers to explore. From iconic clubs to world-renowned festivals, these places give travelers...
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Consumers 'winning' even as oil hurts banks: Jamie Dimon JPMorgan's CEO says Main Street is strong even as the bank warns of rising oil defaults          
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Macy's Sales Fall Less Than Expected, Helped By Cold Weather Count Macy's among the retailers that is grateful for that bout of cold weather in January.
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London Stock Exchange, Deutsche Börse in Merger Talks

Wall Street Journal - 23 Feb 2016 16:44
London Stock Exchange Group and Deutsche Börse are in talks about a potential merger that would create a combined group worth more than $28 billion.
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Bill Cosby's Sexual Assault Hush Money...And Taxes Bill Cosby paid hush money and now wants it back. But did he write it off, and must he report it as income now?
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SINGAPORE/TOKYO
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Starbucks makes a grande change to its rewards program

New York Post - 23 Feb 2016 04:51
Starbucks makes a grande change to its rewards program Starbucks wants you to have your cake and eat it too. The Seattle coffee giant will tweak its rewards program to entice customers to spend more during each visit, especially on the sweet and savory goodies behind its gla...
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AP Republican presidential frontrunner Donald Trump frequently rails against the runaway, $19 trillion national debt and promises to bring it to heel if he is elected president. "We're getting to be a large-scale version...
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Ford CEO on Apple debate: Committed to protecting privacy Mark Fields is transitioning Ford from an automotive company to an auto and a mobility company.          
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Macy's beats estimates in Q4, pursues possible real estate deal Profit and revenue both top forecasts, but sales still fell in 'disappointing' year.          
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Business leaders call for Britain to stay in EU

USA Today - 23 Feb 2016 16:26
Business leaders call for Britain to stay in EU LONDON -- The bosses of some of Britain's biggest companies on Tuesday warned that an exit from the European Union could threaten jobs and put the economy at risk.          
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Startups Crash Real-Estate Brokerage Market

Wall Street Journal - 23 Feb 2016 13:32
A new generation of tech-focused startups are charging into real-estate brokerage, rolling out an array of mobile services in hopes of grabbing a piece of the red-hot U.S. apartment market.
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NTPC's offer for sale sees full subscription from institutional investors The institutional investors' subscription in NTPC OFS hits 123% of the allocation as early as 11.30am
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Oracle buys cloud software startup Ravello Systems for $500 million, source says Oracle today disclosed that it has acquired Ravello Systems, a company with tools for running enterprise workloads in public cloud environments. Oracle didn’t disclose terms of the deal, but a source familiar with the ...
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