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Business News

Location American Business News for 12 January 2015

Venture Capital Boomed in 2014

Wall Street Journal - 12 Jan 2015 07:05
The money raised by venture-capital firms hit $32.97 billion in 2014, a 62% increase over 2013 and the highest total since 2007, as investors seek to take advantage of a hot market for startup funding and initial public ...
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New Rules to Limit Tactics on Hospitals' Fee Collections

The New York Times - 12 Jan 2015 03:50
New Rules to Limit Tactics on Hospitals' Fee Collections The Obama administration has laid out detailed requirements to discourage nonprofit hospitals from using aggressive methods to collect payments from low-income patients.
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Bed Bath & Beyond Takes Sunset Park

Wall Street Journal - 12 Jan 2015 07:01
Bed Bath & Beyond has signed a lease to take more than 100,000 square feet at Liberty View Industrial Plaza, a technology and industrial complex in Brooklyn's Sunset Park neighborhood.
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Electric-Car Pioneer Musk Charges Head-On at Detroit

Wall Street Journal - 12 Jan 2015 06:14
Tesla Motors is on a collision course with the auto industry's giants like never before, but the CEO has no plans to stop cursing or obsessing about the tiniest design details.
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Hanson McClain sues former adviser and Ameriprise

Investment News - 12 Jan 2015 21:02
$1.6 billion Hanson McClain claims Thomas Chandler and his new firm, Ameriprise, committed 'highway robbery' in taking client information.
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NEW YORK (TheStreet) -- Stocks moved off session lows by midmorning Monday, though energy stocks continued to drag on benchmark indexes following a forecast from Goldman Sachs that the commodity will remain lower for lon...
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After years of fighting for more trading to come back onto stock exchanges, Nasdaq OMX is considering joining the dark side.
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Electric cars have made barely a dent in our driving culture but Chevy's new offering, the Bolt, hopes to change that with 200 miles to a charge and a cost around $30K.
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Here's The Big Problem With The Idea Of 'Falling' In Love

Business Insider - 12 Jan 2015 23:56
Here's The Big Problem With The Idea Of 'Falling' In Love When it happened to me for the first time, I was hit hard with feelings -- happiness, excitement, concern for another person that went deeper than anything I'd experienced before. Suddenly, my body felt light -- weightle...
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NEW YORK (TheStreet) -- Shares of Harmony Gold Mining were gaining 7% to $2.76 Monday as gold prices added onto last week's gains. U.S. spot gold for February delivery was gaining 0.9% to $1,226.60 an ounce on the Comex ...
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The New Electric Car That Can Upstage Tesla Unlike with most previous electric cars, the price range will be around that of the average new gas-fueled vehicle.
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From here, the bid will (most likely) compete against proposals from cities from across the world. Here's how that will go.
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NEW YORK (TheStreet) -- Investment banks that have profited from the oil and gas boom may feel the pain as the repercussions of tumbling oil prices hit their bottom lines. After the financial crisis, banks have struggled...
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The Week Ahead: Detroit's Auto Show and U.S. Banks' Financial Reports Other events this week include results of E.U. hearings on a trade agreement, an opinion on a quantitative easing plan in Europe and retail and food-services sales figures in the United States.
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For Jimmy Lai, Hong Kong's Rebellious Tycoon, Next Battle May Be in Court In the aftermath of democracy demonstrations in Hong Kong, Mr. Lai faces perhaps his greatest test, which could have bigger repercussions for the city.
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DETROIT (TheStreet) -- General Motors  is developing an electric battery-powered car for 2017 that will sell for $30,000 -- a plan that, if successful, could pose significant competition for Tesla  and Nissan  in part...
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(Reuters) - General Motors is giving its German Opel unit a new job -build Buick models to sell in the United States as part of a strategy to make good on Chief Executive Officer Mary Barra's promise to make money in Eur...
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One Of The Most Talked-About CEOs In Retail Has Suddenly Stepped Down Nasty Gal CEO Sophia Amoruso has suddenly handed over her title.  Amoruso, 30, who started Nasty Gal as an eBay shop in 2006, told Re/code that she will stay on as executive chairman.  Amoruso said that the growing com...
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Madoff case prosecutors join private firm

USA Today - 12 Jan 2015 23:52
Madoff case prosecutors join private firm Assistant U.S. attorneys join prominent lawyer David Boies' private defense firm.          
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Hyundai surprises auto show with combination pickup and SUV Hyundai unveiled their new Santa Cruz concept car that would be aimed at young city buyers.          
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LED lighting company Cree announced Monday that it has filed complaints against a major competitor and its supplier for selling LED bulbs that allegedly infringe on Cree patents.
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Rieder: Lame attempt to minimize Charlie attack

USA Today - 12 Jan 2015 23:50
Rieder: Lame attempt to minimize Charlie attack Al Jazeera English editor minimizes the significance of Paris bombing.          
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