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Business News

Location American Business News for 2 March 2016

The Black Billionaires 2016

Forbes - 2 Mar 2016 00:38
The Black Billionaires 2016 Meet the 11 black billionaires on earth.
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VIDEO: The High Street shop selling gold bars Gold isn't just for big investors as the BBC's Sharanjit Leyl finds out in Singapore.
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Stock Exchange Prices Grow So Convoluted Even Traders Are Confused, Study Finds New research found bourses make small tweaks to their prices, influencing trade in ways hard for even sophisticated investors to understand.
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Get An Even Better Deal On MAR Than Director Schwab Did There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on December 23, Marriott International, Inc.'s Director, Susan C. Schwab, inves...
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Unpicking the banking 'con-trick'

BBC - 2 Mar 2016 16:04
The model of day-to-day banking used by most UK consumers is a "con-trick" and unnecessarily expensive for many, experts say.
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Zynga stock price jumps 7% as new chief executive replaces Pincus Zynga’s founder has stepped down from his role as chief executive officer for the second time, and this has Wall Street thrilled. The social-gaming publisher’s stock price is up around 8 percent in after-hours tradin...
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A "critical mass" of oil-producing countries have agreed to freeze oil production, Russia's energy minister said Tuesday, as African, Latin American and Persian Gulf producers expressed optimism about joining the deal.
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U.S. Secretary of Defense on Apple encryption: 'I'm not a believer in backdoors' The Unites States Secretary of Defense today came out against the creation of a so-called backdoor to break the data encryption of the iPhone at the heart of the Apple-FBI court case. Speaking at the RSA Conference, Secr...
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Why My First Google AdWords Campaign Was A Total Failure I decided to run a Google AdWords campaign to direct people to my book. It didn't go exactly how I'd hoped.
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Tax Treatment Can Be Tricky With Options and ETFs Tax treatment affects investors, retail business traders, proprietary traders and hedge funds. Here is valuable information about how the various instruments are treated come tax time.
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'Too Big to Fail' Critics Go Too Far on Banks

Wall Street Journal - 2 Mar 2016 23:33
Concerns about "too big to fail" are legitimate, but bank breakups aren't the solution, writes WSJ chief economics commentator Greg Ip. Instead, regulators should require big banks to issue more equity, which would disco...
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SunEdison's Takeover of Vivint Solar in Jeopardy

Wall Street Journal - 2 Mar 2016 23:22
SunEdison's mounting financial woes have jeopardized its purchase of rooftop-solar company Vivint Solar as banks have balked at providing loans they had committed to fund the takeover.
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Proven Impact VC Seeks To Mentor Fund Managers In Developing World Capria Ventures, led by Dave Richards, has launched an accelerator to mentor fund managers in the developing world, allowing them to be more effective impact investors.
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Noteworthy Wednesday Option Activity: GOOG, ROST, TWTR Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Alphabet Inc (NASD: GOOG), where a total volume of 13,227 contracts has been traded thus far today, a ...
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Noteworthy Wednesday Option Activity: SRNE, GMCR, FB Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Sorrento Therapeutics Inc (NASD: SRNE), where a total of 1,807 contracts have traded so far, representing appro...
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This is the year for active trading. The opportunities have been and will continue to be exceptional.
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Is Worst Over for Stocks? The Problem With Being Contrarian

Wall Street Journal - 2 Mar 2016 22:21
While the AAII's sentiment survey is commonly used as a contrarian tool, investors shouldn't assume the market is in the clear based on the poll's findings alone.
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Nintendo fends off more patent trolls in Wii victory Nintendo is known for making Mario games, designing cute pocket monsters, and having an effective legal team. The publisher announced today that it has successfully fought off an appeal from technology firm UltimatePoint...
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Freshdesk exec discusses how customer service drives mobile growth at Mobile Summit VB EVENT: Jill Soley, VP of marketing at customer support software company Freshdesk, has joined us as one of our participants at the sixth annual VentureBeat Mobile Summit on April 4-5. The event focuses on strategies b...
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Notable Wednesday Option Activity: CMG, NFLX, GOOGL Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Chipotle Mexican Grill Inc (NYSE: CMG), where a total volume of 15,737 contracts has been traded thus far t...
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U.S. military invites vetted experts to 'Hack the Pentagon' The Pentagon said on Wednesday it would invite vetted outside hackers to test the cybersecurity of some public U.S. Defense Department websites as part of a pilot project next month, in the first-ever such program offere...
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Ross Stores (ROST) recently approved an increase in the quarterly cash dividend to $.135 per share, up 15% on top of an 18% increase last year. This higher quarterly dividend will be payable on March 31, 2016 to stockhol...
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