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Business News

Location American Business News for 25 February 2016

Why Wall Street hates this man

USA Today - 25 Feb 2016 13:04
Why Wall Street hates this man Brad Katsuyama and his firm, IEX, want to change the way stocks are bought and sold          
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The EU is the cure that kills

MoneyWeek - 25 Feb 2016 18:30
Europe wouldn't be in quite the mess it's in if it wasn't for the European Union, says Merryn Somerset Webb. The post The EU is the cure that kills was first published on MoneyWeek.
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Town and company

The Economist - 25 Feb 2016 17:41
Town and company WOLFSBURG has no cathedral, but two glass towers loom over the city. Inside them, robots whisk new Volkswagens into storage racks, an entertaining ceremony akin to a votive offering. The towers also dominate the Autostad...
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Why MoneyWeek is backing Brexit

MoneyWeek - 25 Feb 2016 18:35
Look through the short-term economic turmoil and get inspired by a long-term vision for Britain, says John Stepek. The post Why MoneyWeek is backing Brexit was first published on MoneyWeek.
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Wall Street Quiet Even As Chinese Stocks Plunge Stocks opened higher on Wall Street as investors look to add to Wednesday's strong positive reversal. Overnight, the Shanghai composite plunged -6.4% and hit a three-week low. Rumors spread that China's central bank inje...
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UK housebuilding hits seven-year high

The Guardian - 25 Feb 2016 15:25
UK housebuilding hits seven-year high Construction on 37,080 new homes began between October and December 2015, up 23% on a year earlier The number of new-build homes being started and finished in England is at its highest level since 2008, according to gove...
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Arbitration Awards Against Stockbrokers Go Unpaid

Wall Street Journal - 25 Feb 2016 07:03
It isn't easy to win an arbitration award against a Wall Street stockbroker. What also is hard is getting paid.
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Marissa Mayer tries pushing Yahoo in New York

New York Post - 25 Feb 2016 05:16
Marissa Mayer tries pushing Yahoo in New York Marissa Mayer has launched a coast-to-coast campaign to save her job -- and New York is her latest stop. The embattled Yahoo! CEO is in the Big Apple this week, pitching her own vision for the future of the slumping Inte...
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Mark Zuckerberg Condemns Facebook Employees Who Defaced In a memo, Zuckerberg called out the "malicious" behavior of employees scrubbing "Black Lives Matter" from Facebook's office walls. In a private Facebook post obtained by Gizmodo, CEO Mark Zuckerberg revealed that an emp...
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Stocks open higher despite 6% drop in China

USA Today - 25 Feb 2016 16:49
Stocks open higher despite 6% drop in China Wall Street shrugs off a dip in oil prices and sharp drop in mainland China stocks.          
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How Mark Zuckerberg Should Give Away $45 Billion

The Huffington Post - 25 Feb 2016 16:37
How Mark Zuckerberg Should Give Away $45 Billion For a long time, the way philanthropy worked was simple: Rich people gave their money to museums and churches and opera houses and Harvard. T -- This feed and its contents are the property of The Huffington Post, and use...
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Why Small Business Owners Are Backing Donald Trump

The Huffington Post - 25 Feb 2016 15:46
Why Small Business Owners Are Backing Donald Trump Some of the most generous donors to Donald Trump’s campaign thus far — other than the candidate himself — are people with jobs titles a lot like his. They just don’t make quite as much money. Excluding retirees...
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Bankrate shares plunge following earnings report

USA Today - 25 Feb 2016 16:25
Bankrate shares plunge following earnings report Shares in Bankrate plunged 45% in pre market trading Thursday, after it failed to meet its earnings guidance.          
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China Stocks Fall Sharply

Wall Street Journal - 25 Feb 2016 06:20
Stocks in China fell sharply Thursday amid persistent worries about the health of the Chinese economy.
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A plane-crash survivor reveals the moment he resorted to cannibalism in the Andes AP Photo Four young men — freezing cold, starving and struggling to survive — stood over their dead friend armed with razor-blades and broken glass. They cut away their friend's clothes. Then his body. "I will ne...
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Is Saudi Arabia Shooting Itself in the Foot? Why is Saudi Arabia signalling that it is willing to let the price of oil drift down to a rate that makes oil production unprofitable for even some members of OPEC? Is this a bold strategic move, or a classic blunder?
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Six Simple Tax Savvy Ways To Stay Clear Of IRS Taxes are complex, but these rules are surprisingly simple and surprisingly effective in keeping the IRS at bay.
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Why The U.S. Housing Market Will Remain Alive And Kicking in 2016 If you live in Coastal California, you don’t need national housing statistics to tell you that the housing market is in good shape – stick a “For Sale” sign in the yard and there are dozens of offers within a few...
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Apple Sold 11.6 Million Apple Watches In 2015, Says IDC That puts the company in third place among wearable makers. In 2015, Apple sold 11.6 million Apple Watches, a new report from research firm IDC has revealed. That makes Apple the third-largest wearable maker last year, a...
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Federal reserve officials out in full force giving speeches Investors are bracing for lots of Federal Reserve speak today. No less than 3 Fed presidents will be giving speeches on monetary policy and the economy. Richmond's Jeffrey Lacker addresses the question 'can monetary poli...
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This Hong Kong Developer Is Built for Trouble

Wall Street Journal - 25 Feb 2016 05:32
Hong Kong developer Sino Land's substantial cash pile should serve it well through the coming property crunch.
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Bundesbank President Criticizes Push to Abolish €500 Note

Wall Street Journal - 25 Feb 2016 05:13
Jens Weidmann presented a 22-page report defending the use of cash, pushing back against proposals that German policy makers worry could be used to cut interest rates more deeply in the euro area.
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