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Business News

Location American Business News for 16 January 2015

Do We Need Hierarchy?

Forbes - 16 Jan 2015 09:13
Do We Need Hierarchy? The words "future of work" and "hierarchy" don't exactly go together. I have never come across an executive who said they wanted to add more layers to their organizations or create MORE hierarchy. In fact in today's rapi...
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NEW YORK (TheStreet) -- The stock indexes closed down for the fifth day in a row on Thursday. The DJIA lost another 106.38 points to close at 17,320.71 while the S&P 500 was lower by 18.60 to close at 1,992.67. The Nasd...
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Apple, Google, Intel, and Adobe agree to pay $415M to settle poaching suit Apple, Google, Intel, and Adobe have agreed to pay $415 million to resolve a class action antitrust lawsuit filed by tech workers who said the companies made an agreement to not hire each other’s employees. The suit, f...
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Luxury Brands Should Ride High In 2015

Forbes - 16 Jan 2015 23:58
Luxury Brands Should Ride High In 2015 Last night I attended a meeting of the Luxury Marketing Council, hosted at the Strand Hotel here in New York. Our firm has represented major players in the luxury goods segment for over two decades, so the Council is a g...
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NEW YORK (TheStreet) -- Shares of the National Bank of Greece are down by 4.09% to $1.64 in mid-morning trading on Friday, as two of the country's banks, Eurobank Ergasias and Alpha Bank, request emergency liquidity ass...
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Do the Rich Pay Lower Taxes than You?

NBC News - 16 Jan 2015 17:04
Do the Rich Pay Lower Taxes than You? A new report on which income brackets pay the most taxes is getting a lot of attention. But its findings of an "unfair" system bear scrutiny.
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SAN FRANCISCO (TheStreet) -- BlackBerry tanked Thursday after Samsung denied it was in buyout talks with the Canadian smartphone maker, jerking the stock from its rocket-ride performance the previous day, when reports su...
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Ruling Reduces BP's Potential Fine in Gulf Oil Spill

The New York Times - 16 Jan 2015 00:27
The oil company faces a maximum penalty of $13.7 billion at a trial this month after a federal judge found the spill was smaller than estimated.
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Davos: What you need to know

CNN - 16 Jan 2015 18:10
Davos: What you need to know Read full story for latest details.
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How RBS Failed Small Businesses Again

Forbes - 16 Jan 2015 16:36
RBS has conceded it may have mis-sold a Government scheme designed to help small businesses obtain credit
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What do department stores and restaurants have in common with search engines and social networks? For many, it's that they're all getting sued by patent trolls, companies that accuse other businesses of patent infringeme...
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Citi and Bank of America take a fourth-quarter beating

New York Post - 16 Jan 2015 05:04
Citi and Bank of America take a fourth-quarter beating It isn't getting any easier on Wall Street. Bank of America and Citigroup on Thursday reported sharply lower fourth-quarter earnings that disappointed investors. Their results came a day after JPMorgan...
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BP Spill In Gulf Of Mexico Leaked 3.19 Million Barrles Of Oil, Judge Determines NEW ORLEANS (AP) -- A federal judge has determined that 3.19 million barrels of oil was discharged into the Gulf of Mexico in 2010 as a result of a rig explosion at BP's Macondo well. This is less than government estimat...
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A Business School Professor's Google Street View 'Road Trip' Has Produced Some Incredible Photos Of America A business professor from Arizona State University is roadtripping from Alaska to Patagonia via Google Earth, and uploading his Streetview pictures as he goes along. Kevin Dooley, who teaches Supply Chain Management at A...
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Alex Malarkey, 'The Boy Who Came Back From Heaven,' Admits He Made It All Up A bestselling Christian book that claims to detail a boy's trip to heaven and his return to Earth is being pulled from stores after one of its co-authors admitted he made the whole thing up. The 2010 memoir, "The Boy Who...
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Jerry Jones Is Pessimistic About Keeping His 2 Best Offensive Players -- And DeMarco Murray Could Be The Odd Man Out Dallas Cowboys owner and GM Jerry Jones did not give the most ringing endorsement for re-signing both Dez Bryant and DeMarco Murray this offseason. While both are free agents, re-signing Bryant is the Cowboys' biggest pr...
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Outcry grows over proposed Prince William data center

Washington Post - 16 Jan 2015 17:37
Residents of Prince William County and surrounding areas filled the auditorium at Battlefield High School this week to protest the possible construction of high-voltage power lines that would support a proposed Haymarket...
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Business Travelers, Google Translate is Now Your Best Friend You now have the power to break down language barriers thanks to the incredible update Google just made to its Translate app.
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This week, Tiffany & Co. published its first ad featuring a same-sex couple. The famed luxury jeweler, known for its iconic Robin's Egg blue boxes, has joined a host of other American companies in not just embracing same...
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What being a VC taught me about leading a company

Venture Beat - 16 Jan 2015 04:00
What being a VC taught me about leading a company I moved from being a partner at Battery Ventures and J.P. Morgan Capital to CEO of a startup. Here's what my past life as a VC has taught me about leading a company
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U.S. stocks dropped Thursday, with the Dow Jones Industrial Average falling more than 100 points after oil prices reversed and continued to slide. That occurred after weaker than expected U.S. data spurred growth economi...
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Switzerland’s central bank surprised the world this morning by removing its self-imposed cap of 1.20 Swiss francs per euro and letting the franc float higher. It also lowered its deposit rate for banks to -0.75 percent...
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