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Business News

Location American Business News for 9 January 2015

SEC sues alts fund manager Daniel Thibeault for fraud

Investment News - 9 Jan 2015 21:46
After being arrested on charges of securities fraud, alternative fund manager Dan Thibeault is now facing related civil charges from the SEC, which claims he siphoned off some $16 million in assets from his GL Beyond Inc...
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Korean Air 'Nut-Rage' Executive Could Be Headed To Prison For 15 Years Korean Air's infamous former "Nut Rage" executive, Heather Cho, has been charged by South Korean prosecutors for violating the country's aviation law and obstructing a government investigation. These charges stem of a De...
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This Is How We'll Really Know If The Jobs Report Is Good

Business Insider - 9 Jan 2015 05:37
This Is How We'll Really Know If The Jobs Report Is Good Friday morning is the December jobs report. Expectations are for the report to show nonfarm payrolls in the US grew by 240,000 in December while the unemployment rate fell to 5.7%.  In a note ahead of the report, Citi's...
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Macy's said that it would close 14 stores but also open two new locations, while J. C. Penney said that it would close about 40 stores this year.
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The Uphill Push to Save a Bike-Share Pioneer

The New York Times - 9 Jan 2015 23:03
The Uphill Push to Save a Bike-Share Pioneer A Canadian investor takes a chance on a pace-setting system that lost its way.
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Advice for Dealing with a Long-Winded Leader

Harvard Business Review - 9 Jan 2015 18:10
Counteract rambling without getting fired.
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Venezuela is suffering from plummeting oil prices, runaway inflation and shortages of basic foodstuffs, but it now has at least one lifeline: a $20 billion investment package from China, announced by Venezuelan President...
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The New Year is a good time to start forming habits that can benefit your company, whether 2015 marks your second or thirty-second year of business. The first few weeks of a new year is a timely opportunity to reflect on...
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From Vertigo to Tinnitus, Ear Ailments Are New Focus for Drugs In search of an alternative to hearing aids or implants, some report success in early trials for drugs to improve hearing or silence tinnitus.
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China bulls optimistic as market surges The Shanghai Composite jumped 52% last year, and analysts say there's still room to run.
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LOS ANGELES
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Sony's Computer Network Is Still Down

Business Insider - 9 Jan 2015 04:37
Sony's Computer Network Is Still Down LOS ANGELES (AP) -- More than six weeks after hackers attacked Sony Pictures Entertainment, its computer network is still down but the studio has not lost a single day of production on any of its films or television show...
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(Reuters) - The drop in oil prices is putting money in consumers' pockets and is "a good thing, basically" for the U.S. economy, Minneapolis Fed President Narayana Kocherlakota said at a town hall at his bank's headquart...
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5 Ways Big Data Will Change Sales and Marketing in 2015 The ever-increasing quantity of data generates enormous challenges, but also generates significant business opportunities for sales and marketing professionals of small and midsize companies.
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30 Innovative Digital Experts to Follow in 2015 You've got a plentitude of people to follow on Twitter for the latest SEO, digital marketing, and social media news and insights. That being said, there are plenty of folks out there who are "fluffy"--their feeds are ful...
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Downtown New York Penthouse to List for $66 Million

Wall Street Journal - 9 Jan 2015 03:48
If it sells at asking price, the unit in Puck Penthouses will be the most expensive sale in downtown Manhattan
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Oil Tycoon Harold Hamm's Wife Reportedly Cashed Her $975 Million Check Sue Ann Arnall, the ex-wife of Oil tycoon and CEO of Continental Resources Harold Hamm, reportedly cashed a personal check for $974.8 million, according to CNBC, citing "a source close to the call." This decision come...
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New Video In Police Shooting Of 12-Year-Old Shows Officers Failing To Help The Boy A new surveillance video has been released of the November shooting of 12-year-old Tamir Rice by two Cleveland police officers. Rice was shot after police saw him carrying a handgun that turned out to be a fake. The 3o-m...
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After Surprising Defeat, House GOP Vows To Make A Second Run At Relaxing Wall Street Reform WASHINGTON -- House Republicans, dealt a surprising defeat Wednesday evening in their effort to roll back Wall Street reform, decided Thursday to make another run at relaxing regulations on banks. Republicans brought the...
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Shareholders, companies and capital market experts are working through just how to integrate ESG (Environmental, Social and Governance) performance into analyst reports so that companies with strong ratings might be cons...
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SAN FRANCISCO (TheStreet) --  Marvell Technology Group  continues to soar following reports a buyer may be interested in its mobile-phone chip business. Other tech titans that jumped during the day included Twitter , ...
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NEW YORK (TheStreet) -- The Federal Reserve released the minutes from the Federal Open Market Committee meeting in December, revealing more members are partial to raising interest rates but want to remain "patient" befo...
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