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Business News

Location American Business News for 11 December 2015

China to receive $300m to battle smog

BBC - 11 Dec 2015 05:48
China to receive $300m to battle smog China is set to receive a $300m loan from the Asian Development Bank to help it combat dangerous pollution levels in Beijing city and its surrounds.
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This is how Finland's basic income experiment could work

Business Insider - 11 Dec 2015 07:06
This is how Finland's basic income experiment could work Thomson Reuters Finland has become the latest country to propose a basic income for all. If put into practice, the scheme would eventually see all Finnish citizens receiving an 800 euro stipend, per month, tax-free. How...
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Why This Company Just Gave Every Employee A $100K Bonus No, it's not Wall Street. It's Houston. And every one of the 1,381 employees gets the same amount.
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Prepare for a wild ride on the oil price

MoneyWeek - 11 Dec 2015 13:00
Striking parallels with the late 1990s suggest the oil market could be in for exciting times, says Alex Williams. The post Prepare for a wild ride on the oil price was first published on MoneyWeek.
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Alibaba could spend up to $38B in investments and acquisitions in 2016 Alibaba can probably afford to execute up to $38 billion in deals (acquisitions and investments) next year, according to data from an analyst at BNP Paribas SA cited by Bloomberg late Thursday. That’s huge — this yea...
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California Regulator Launches Inquiry Into Marketplace Lenders

Wall Street Journal - 11 Dec 2015 09:04
State regulators in California have launched an inquiry into the fast-growing marketplace lending industry.
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Vatican's Money Woes Have Lessons for Chinese Family Businesses Making sure property rights are clearly defined is another mechanism to help avoid corruption. In this way the Vatican is more similar to China?s state-owned enterprises. When there is no clear ?owner? who is responsible...
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11 Signs You're Working With a Psychopath Business leaders are three times more likely to be psychopaths than the general population. Here's how to tell if you're dealing with one.
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Chinese Move Would Loosen The Yuan's Peg to the Dollar

Wall Street Journal - 11 Dec 2015 18:52
China's central bank signaled its intention to change the way it manages the yuan's value by potentially loosening its peg to the U.S. dollar and instead letting it track the currencies of its broader trading partners.
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Junk-Bond Fund's Demise Mars Vulture Investor's Storied Career

Wall Street Journal - 11 Dec 2015 18:37
Martin Whitman spent decades buying unloved stocks and bonds, usually profiting as they rose in value. But lately the investments are turning into blunders, not bargains.
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Dow opens about 200 lower as oil's slide continues Futures were lower Wednesday, as oil prices slipped after their recent rout.          
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Stock picks for 2016 from Goldman Sachs strategist David Kostin, the chief U.S. equity strategist at Goldman Sachs, talks about investment themes for 2016 at USA TODAY's Investment Roundtable.          
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All-stock merger to form DowDuPont is subject to regulatory approval Both companies also taking separate restructuring steps Dow Chemical and the DuPont announced on Friday that they are merging in a $130bn chemical indu...
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12 Ways to Make Yourself Feel Better in Uncomfortable Situations There are a lot of uncomfortable moments in life. Here are the techniques you need to get past them.
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Why This Millennial Founder Thinks Entrepreneurs Are the Best Investors Jessica Mah, co-founder of InDinero, explains why partnering with investors who have no startup experience is a risky business move.
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Alibaba to buy South China Morning Post, in a move that mirrors Bezos and the Washington Post Alibaba Group Holding Limited (BABA) said Friday that it will buy the South China Morning Post.          
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IMF Hails UK Growth But Warns On Brexit Risk

Sky News - 11 Dec 2015 17:04
IMF Hails UK Growth But Warns On Brexit Risk The International Monetary Fund notes the strength of recovery but says doubts over the EU vote could "weigh on the outlook".
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Japanese stocks rose as the yen weakened but other Asian benchmarks were mostly lower as investors hunkered down ahead of the Fed's key meeting next week on interest rates. …
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United Airlines Flies Children With Serious Illnesses To Santa's North Pole Since being shot in the face by her father in 2013, Yesenia Parker has battled many challenges. Now 14 and paralyzed from the chest down, she continues to struggle with myriad health issues and sometimes has difficulty g...
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China Shares Fall on Fosun Uncertainty

Wall Street Journal - 11 Dec 2015 07:32
Asian stocks stumbled Friday following early gains, as reports that the chairman of China's biggest non-state-owned conglomerate has disappeared shook markets in Hong Kong and China.
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As recent research shows, the corporate accelerator landscape is growing and shifting cross-border. Western companies are increasingly launching Asia-based accelerator programs.
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Sam Altman, Elon Musk, Peter Thiel, and others commit $1B to nonprofit artificial intelligence research lab OpenAI Several technology luminaries are announcing today that they have committed $1 billion to fund a new nonprofit artificial intelligence research company called OpenAI. Y Combinator president Sam Altman, former Stripe chie...
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