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Business News

Location American Business News for 19 December 2014

The Real Reasons Trader Joe's Wine Is So Cheap

Business Insider - 19 Dec 2014 18:25
The Real Reasons Trader Joe's Wine Is So Cheap Trader Joe's wine is remarkably cheap. A bottle of the grocery store's most popular wine brand, Charles Shaw, sells for less than $3. Also known as "Two-Buck Chuck," Charles Shaw wine comes in multiple red and white vari...
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Sony rivals to benefit from 'Interview' cancellation Sony Pictures Entertainment's decision to yank "The Interview" from movie theaters will benefit rival studios trying to attract audiences during the crucial holiday movie season.
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Fed delays Volcker Rule requirement that banks sell off risky investments in hedge funds
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16 Items That Are Cheaper At Costco

Business Insider - 19 Dec 2014 23:13
16 Items That Are Cheaper At Costco Costco's prices are roughly 25% cheaper than other retailers, according to a recent study. The product review site Cheapism.com compared Costco's prices on 19 items to those at Best Buy, Kohl's, Kroger, Bed, Bath & Beyon...
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China's economy is $308.8 billion larger than previously reported, according to findings released Thursday from the country's National Bureau of Statistics (NBS). The 3.4 percent upward revision of China's gross domestic...
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Jim Cramer's Top Stock Picks: BA MMM ISIS Q

The Street - 19 Dec 2014 13:00
Search Jim Cramer's "Mad Money" trading recommendations using our exclusive "Mad Money" Stock Screener. NEW YORK (TheStreet) -- Here are some of the hot stocks Jim Cramer talked about on Thursday's Mad Money on CNBC: BA ...
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Avon fined for bribing Chinese officials with Gucci bags Beauty goods company Avon has been fined $135 million by the SEC for bribing Chinese officials with luxury goods -- everything from Gucci bags to Tiffany pens.
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(Reuters) - The U.S. Treasury Department will sell its remaining 54.9 million shares of Ally Financial Inc acquired under the government's bailout of the auto lender, Ally said on Thursday.
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A Chinese real estate developer has purchased the vast Los Angeles Airport Marriott for $160 million and vowed to make substantial improvements.
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Even Russians Are Running From the Ruble

The Huffington Post - 19 Dec 2014 00:25
Even Russians Are Running From the Ruble PARIS -- In recent weeks, the fall in the Russian ruble and Russian stock markets closely tracked the declines in global oil prices. But everything changed on Dec. 15. The oil price remained stable, but the ruble and the...
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Sony Hack Is Now An International Incident As FBI Fingers North Korea The FBI now says that it believes North Korea was behind the attack that has crippled Sony.
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NEW YORK (TheStreet) -- Walgreen  reports its quarterly earnings next week, and TheStreet's Jim Cramer says this will be a key item to watch. Cramer notes CVS  and Rite Aid  both reported great quarters, but says W...
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As many expected, BGC Partners Inc. has upped its hostile bid for interdealer broker GFI Group Inc. , besting an agreed-to offer between GFI and Chicago trading house CME Group Inc. . BGC Partners said Wednesday after th...
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'Downton Abbey', Christmas Special 2014, ITV, Preview: Hunting, Laughing, Crying Spoiler alert: This pre-broadcast preview of the 2014 Christmas special of Downton Abbey is not intended to contain any plot spoilers. However it will refer back to season 5, already broadcast in the UK. Beware, if you a...
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Does ShopSears Mark Another Failure Of Sears (SHLD)?

Bidness etc. - 19 Dec 2014 13:14
Does ShopSears Mark Another Failure Of Sears (SHLD)? Sears Holdings Corp (NASDAQ:SHLD) stock has declined 7.3% in one month. Although the stock has shown some improvement over the last two trading days, the stock does not seem sustainable. This is because the improvement h...
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A frustrated judge throws former billionaire Timothy Blixseth in jail for failing to account for millions from the sale of a resort.
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(Reuters) - Unilever Plc's U.S. division said it has withdrawn its lawsuit against food startup Hampton Creek over false advertising and unfair competition related to its Just Mayo product.
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Sony shake-up possible after hack, analysts say

L.A. Times - 19 Dec 2014 04:35
Sony shake-up possible after hack, analysts say Top management at Sony Pictures Entertainment are feeling the walls close in on them.
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Dow jumps 421 points, buoyed by Fed's interest rate stance Wall Street capped a worldwide rally in stocks as investors signaled their approval of the Federal Reserve's go-slow approach on raising its rock-bottom benchmark interest rate -- even in the face of still-falling crude ...
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Russia crisis hurts these brands the most Russia's economic turmoil has already spread to companies in the West and many brands are bracing for a bigger blow to earnings.
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(Reuters) - Clothing manufacturer American Apparel Inc has been approached by private equity firm Irving Place Capital for a possible takeover, The Wall Street Journal reported, citing sources.
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Sony Attack Is Unraveling Relationships in Hollywood

The New York Times - 19 Dec 2014 03:58
Sony Attack Is Unraveling Relationships in Hollywood The attack has disrupted the web of executive, business and talent relationships that stitches together Sony's core moviemaking operation.
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