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Business News

Location American Business News for 26 January 2015

Automakers backing out of big game

New York Post - 26 Jan 2015 06:27
Automakers backing out of big game The auto giants went into reverse on the Super Bowl. Ford, General Motors, Honda, Hyundai, Mazda and Volkswagen are all taking a break from Super Bowl XLIX on Sunday. Last...
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Nick Kyrgios vs. Andy Murray the Most Expensive Australian Open Tickets for Quarterfinals Australia’s Nick Kyrgios staged a thrilling five-set victory over Italian Andreas Seppi in the Round of 16, advancing to this year’s quarterfinals of the Australian Open.  The 19 year old trailed after the first two...
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Identical Twins Who Spilled Mexican Cartel Secrets To Be Sentenced CHICAGO (AP) -- Identical twin brothers who partnered with Mexico's most notorious cartel kingpin to build a nearly $2 billion North American drug ring will be sentenced Tuesday in Chicago. Anyone convicted of traffickin...
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Pfizer Inc. (PFE) Looks For Other Acquisition Targets After Teva Pharmaceutical (TEVA) Rejection Pfizer Inc. (NYSE:PFE) is looking to acquire companies to contribute to its revenue growth, and the hunt has become rather aggressive after Israel-based Teva Pharmaceutical Industries Ltd (NYSE:TEVA) rejected the company...
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Legal Marijuana Is The Fastest-Growing Industry In The U.S.: Report Legal marijuana is the fastest-growing industry in the United States and if the trend toward legalization spreads to all 50 states, marijuana could become larger than the organic food industry, according to a new report ...
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One Of The Hottest Payment Apps Of 2014 Is Suddenly Slowing Down (EBAY) Venmo, the popular peer-to-peer payment app that lets pay back your friends for things like cabs and concert tickets easily and instantly, processed almost $1 billion in transactions during the fourth quarter. But its gr...
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SkyMall's crash landing: Structural defect or pilot error? SkyMall wasn't all life-size Yeti statues, John McCain gargoyle sculptures and motorized, voice-controlled Star Wars R2-D2 toys.
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Customer service is not a cost center.
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Oil futures roll further downhill though they trade above their daily low from an initial plunge amid Greek election news.
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Euro slides near 11-year low on fears

CNN - 26 Jan 2015 06:45
Euro slides near 11-year low on fears The euro slid early Monday after anti-austerity party Syriza's victory in Greek elections this weekend added to concerns over the currency's stability.
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NEW YORK (TheStreet) -- Shares of IAMGOLD are plummeting, down 7.09% to $2.62 in morning trading Monday, on declining gold prices as traders cashed in gains following the precious metal's five-month high last week, accor...
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Billionaires Tony Elumelu And Aliko Dangote Launch The African Energy Leaders Group At The World Economic Forum Speaking at a high profile panel on energy at the 2015 annual meeting for the World Economic Forum in Davos, Switzerland, Nigerian billionaire and philanthropist Tony Elumelu emphasized the key priority for 2015 for Afri...
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Oil slides as Saudi Arabia seen holding firm amid supply glut Futures dropped as much as 2.7% in New York, extending a 6.4% slide last week
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"Morning Joe" host Joe Scarborough said on Monday morning that Sarah Palin's rambling speech at the Iowa Freedom Summit was "a tragedy," marveling at how far the former Republican vice presidential nominee had fallen fro...
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Increased Competition Might Hurt Tesla Motors Inc's (TSLA) Lofty Sales Target Investors remain concerned about the future of Tesla Motors Inc (NASDAQ:TSLA), as more and more competitors enter the electric vehicle (EV) space. These automakers plan to introduce vehicles that will pose direct competi...
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Here's What America Would Be Like If The Nazis And Japanese Had Won WWII Amazon Studios likely has another hit with "The Man In The High Castle," one of many pilots being screened to Prime members. The show is smart, fun, and polished, and it currently sports a five-star user rating. Produced...
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Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.  TheStreet Ratings q...
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10 Crazy Sounding Tax Deductions IRS Says Are Legit Tax returns are signed under penalties of perjury, so you can't lie. But creativity sometimes pays off. Do you feel lucky today?
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Our current model reflects that IBM's sales and operating profit cycles bottomed in the fourth quarter of 2014.
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Will Davos 2015 get the tech world back on track?

Venture Beat - 26 Jan 2015 05:30
Will Davos 2015 get the tech world back on track? So far in 2015 it is the 'macro' that is dominating the headlines, and tech startups can no longer ignore the big picture.
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NEW DELHI/MUMBAI
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Halting Progress for 3 Chicagoans Held Up by Janet Yellen as Recession's Symbols With the Federal Reserve expected to send a stronger signal on when it will raise its benchmark interest rate, three people who lost jobs in the downturn are working but not making as much as before.
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