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Business News

Location American Business News for 10 January 2015

Deal to sell Loral Space & Communications grounded

New York Post - 10 Jan 2015 07:33
Deal to sell Loral Space & Communications grounded Mark Rachesky's $7 billion deal to sell satellite company Loral Space & Communications has been grounded, The Post has learned. Talks between Loral and the Ontario Teachers' Pension Plan, which...
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Wages lag as U.S. payrolls grow

L.A. Times - 10 Jan 2015 04:38
Wages lag as U.S. payrolls grow WASHINGTON -- The U.S. finished its best year of job growth since 1999 with brisk hiring and a drop in unemployment last month, but there's little indication that workers will start seeing wages go up much any time soon.
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WASHINGTON
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The Poorest County In Each State

The Huffington Post - 10 Jan 2015 22:48
The Poorest County In Each State In each state, there was at least one county with a median annual household income more than $7,000 lower than the state's median income. Virginia and Maryland had counties with median incomes over $35,000 lower than tha...
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A Silicon Valley Banker Just Sold His Enormous Mansion With A Secret Bar For $25 Million Kelly Porter, a managing partner at investment bank Woodside Capital Partners, has sold his massive Los Altos Hills, California home to Nora Lacey, president of biotechnology company Cell Marque Corporation.  The sale p...
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The 10 Most Innovative Weapons Used By The Russian Army

Business Insider - 10 Jan 2015 17:11
The 10 Most Innovative Weapons Used By The Russian Army At a cost of $70 billion a year, Russia has the world's third-largest defence budget. For that, the state boasts 845,000 troops, 22,550 tanks, and 1,399 combat aircraft. Though the country is perhaps not considered the ...
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Your Money: Growing Up on Easy Street Has Its Own Dangers

The New York Times - 10 Jan 2015 03:44
Your Money: Growing Up on Easy Street Has Its Own Dangers An emerging body of research suggests that adolescents in wealthy families are more likely to suffer from depression, anxiety, substance abuse problems and other ailments than their less-well-off peers.
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In 6 Slides, Box Shows Investors Why It Thinks It's Worth Billions On Friday, Box updated its S1 and confirmed that it has launched its roadshow, one of the first steps IPO-bound companies go through to sell its stocks to investors. Box's stock offering valued the company at a maximum...
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Russia's Downgrade Paints A Horrific Picture Of Economic Collapse Fitch has downgraded Russia's credit rating and painted a horrific picture of a struggling economy rocked by a collapsing rouble, falling oil prices, high inflation and declining international reserves. The ratings agenc...
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When the CEO Is a Big Investor, Should You Buy Too?

Wall Street Journal - 10 Jan 2015 06:05
Companies led by someone who owns at least 5% of the shares outstanding on average generate higher returns for investors, according to a study published last year in the Journal of Finance.
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China bans private drivers on ride-hailing apps such as Uber China has banned drivers of private cars from offering services through ride-hailing apps, throwing up a new hurdle to Uber Technologies Inc.'s global expansion.
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The Dow Jones Industrial Average followed European market declines on Friday after oil prices fell and U.S. jobs figures showed the unemployment rate dropping in December, as wages decreased and the number of Americans w...
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Watch: David Letterman and Jeff Goldblum are excited about, confused by a thing called a 'Fitbit' Man vs. Machine.
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The Best E-Book Reader

inc - 10 Jan 2015 18:30
The Best E-Book Reader The Kindle Voyage is the best e-reader you can buy, but at $200 (with ads) the price represents a steep increase over The Wirecutter's top pick, the $120 Kindle Paperwhite.
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Topeka Capital Bullish On Facebook Inc. (FB) Over Instagram Ads Yesterday, Topeka Capital analyst Victor Anthony maintained a Buy rating on Facebook Inc. (NASDAQ:FB) with a $96 target price. Topeka's target price represents an upside of 23.5% over Facebook's last closing share price ...
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People buy Toyota's Camry it because it feels comfortable, safe, and sweetly refined, shrewdly lacking in stimulation, says Dan Neil.
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Q&A: Obama's free tuition plan for community college

News Observer - 10 Jan 2015 10:36
Did somebody say "free tuition"?
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Kerry heads to India seeking economic gains

Business Insider - 10 Jan 2015 07:04
Kerry heads to India seeking economic gains Washington
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How Putting People First Drives Profits

Forbes - 10 Jan 2015 06:34
How Putting People First Drives Profits The best companies see people as more than a mere means to an end, but an end in themselves.
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Time Stands Still in Cozy---and Costly---Borough of Glen Ridge

Wall Street Journal - 10 Jan 2015 05:48
The mostly residential borough of Glen Ridge, N.J., about 20 miles from Manhattan, has gas lamps on many of its streets and a small, well-regarded school district.
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Obamacare penalties, payouts ahead for many tax filers Uncle Sam could take a bigger bite at tax time for consumers who received too much government help last year with their Obamacare premiums.
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WASHINGTON
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