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Business News

Location American Business News for 22 November 2014

A 100 Billion Dollar Week of M&A

Boston - 22 Nov 2014 21:42
Our take on this week's deals. Plus, the Fed sticks to its course, and home-improvement retail results paint hopeful signs for housing.
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Europe: Break up Google!

New York Post - 22 Nov 2014 07:18
Europe: Break up Google! Europe wants Google to split off its eponymous search engine. The European Parliament is gearing up to demand a breakup of the tech giant amid growing concerns about its dominance...
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"What bothers us the most is that that we don't know what will happen or when, but we know something is coming."
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Ackman: Herbalife used outaded exchange rate to pump numbers Herbalife "inflated" its profits over the past 12 months by as much as 22 percent by using outdated exchange rates on sales to Venezuela, a new report claims. The maker...
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Senator threatens Dudley's job over Fed chief's banking ties A top banking regulator criticized for greasing the so-called revolving door between the government and Wall Street might be forced to take a spin himself. William Dudley, the president of...
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Sysco Corporation (SYY) One Step Closer To Merger With US Foods SYSCO Corporation (NYSE:SYY), the country's biggest food distributor, is one step closer to its much talked about acquisition of its biggest competitor, US Foods Inc. The company is reported to be in talks to sell some o...
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TLC probes Uber over spying allegations

New York Post - 22 Nov 2014 08:10
TLC probes Uber over spying allegations Add New York City's Taxi and Limousine Commission to the list of powerful groups investigating Uber for allegedly spying on its users. The commission, which regulates Uber, is "looking into...
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Thanksgiving dinner costs (slightly) up from last year

New York Post - 22 Nov 2014 08:00
Thanksgiving dinner costs (slightly) up from last year Thanksgiving doesn't have to break the bank this year, as the price for the traditional holiday meal costs $49.41, just 37 cents more than last year. As for the dinner's...
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Billionaire Icahn blinks in battle with casino union

New York Post - 22 Nov 2014 07:56
Billionaire Icahn blinks in battle with casino union Poker player and billionaire investor Carl Icahn has blinked in his battle against unionized workers at the bankrupt Trump Taj Mahal, The Post has learned. The casino's biggest debtholder and...
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Trucker strike at ports of L.A. and Long Beach ends Striking truck drivers from two companies agreed Friday to return to work, organizers said, ending a nine-day trucker protest at the ports of Los Angeles and Long Beach.
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Colorado Approves Credit Union for Pot Stores The credit union could open in January even as it waits to be granted insurance by federal regulators
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Settlement in Apple Case Over E-Books Is Approved

The New York Times - 22 Nov 2014 02:31
Settlement in Apple Case Over E-Books Is Approved A deal in the antitrust case would give consumers $400 million in cash and e-book credits, and lawyers $50 million. But an appeal is still pending.
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How Many Salespeople Do You Really Need? Before you look to hire more, make sure you're getting the most out of what you have.
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Bankruptcy filing not the end for streaming service Aereo Aereo filed for bankruptcy on Friday -- but that doesn't mean its assets are worthless. The Supreme Court doomed the online video streaming service in June for violating broadcasters' rights...
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Will Starz align for billion dollar deal?

New York Post - 22 Nov 2014 06:31
Will Starz align for billion dollar deal? The suitors are aligning for Starz. Talks to acquire the pay-TV channel controlled by John Malone are heating up with Starz said to be seeking around $5 billion, The Post...
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LA schools in huge child abuse settlement payout

Business Insider - 22 Nov 2014 03:54
LA schools in huge child abuse settlement payout Los Angeles
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Judge Rejects Overhaul of Illinois's Beleaguered State Pension System The law, passed in 2013, was found to violate a clause of the state's Constitution declaring pensions to be contracts that the state cannot impair.
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Unemployment rates fell in 34 states in October, the Labor Department said on Friday, a sign that steady hiring this year has been dispersed through most of the country.
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(Reuters) - Visa Inc , the world's largest credit and debit card company, said it might have to pay more than $10 billion to buy its London-based European licensee, Visa Europe Ltd, if its owners exercise their option to...
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WILMINGTON, Del. -- Thomas Gray says he was fortunate coming out of the recession: He took a job in one of the nation's fastest-growing industries, food services, preparing meals for 500 students in a Head Start cafeteri...
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Elon Musk On Tesla's Gigafactory: We Didn't Manipulate Nevada Into Anything (TSLA) Tesla CEO Elon Musk has responded to critics of his plans to build a battery "gigafactory" in Nevada. Musk defended his company's plans in a blog post entitled "The House Always Wins," a reference to casino gambling. "Th...
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There’s a saying: A crooked river gets that way by following the path of least resistance.
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