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Business News

Location American Business News for 1 March 2015
This is how much NATO member states spend on their military The chart below shows how much some of NATO member states spent on their military last year, according to a report published by the European Military Network (ELN). United States' share is huge. In 2014, the US spent abo...
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Check Google's plans for its crazy new campus in California (GOOG) Google just announced details about a beautiful new campus it's planning to develop in Mountain View, California.  The company is submitting plans to develop four sites in Mountain View's North Bayshore. This campus is ...
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2 charts that show the disastrous effect Uber has on taxis The rise of Uber is destroying the traditional taxi business, according to this compelling chart from data compiled by the New York City Taxi and Limousine Commission. It tracks sale prices of taxi "medallions," the expe...
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The Slow Painful Breakup Of RBS

Forbes - 1 Mar 2015 02:57
The Slow Painful Breakup Of RBS RBS has posted a full-year loss – again. This is the seventh consecutive year of losses for the part-nationalised British lender. Shareholders waiting for recovery of value and resumption of dividends will have to grit...
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Berkshire leader names potential Warren Buffett heirs Warren Buffett and Charlie Munger -- Berkshire Hathaway's venerable leaders -- are celebrating their golden anniversary this year. Chairman Buffett, 84 and Vice-Chairman Munger, 91, released their annual letter to...
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White House looking to creep into 401(k)s

New York Post - 1 Mar 2015 06:21
White House looking to creep into 401(k)s Last Monday, with Sen. Elizabeth Warren (D-Mass.) at his side, President Obama attacked Wall Street, again, for essentially helping in what the federal government and businesses can no longer provide...
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Cheaper gas prices give SUV sales a surge

New York Post - 1 Mar 2015 06:56
Cheaper gas prices give SUV sales a surge New car buyers are being lulled into a false sense of security by dirt-cheap fuel prices as record numbers switch to gas-guzzling vehicles, auto experts warn. Even with the national...
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Sony Music projects flat revenues for 2015

New York Post - 1 Mar 2015 06:43
Sony Music projects flat revenues for 2015 Sony Music artists picked up five Brit Awards last week, more than any other label. One Direction, Mark Ronson, Paloma Faith, Foo Fighters and Pharrell Williams all took home top...
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Fuel price hike a near-term dampener for auto firms

livemint.com - 1 Mar 2015 17:44
Fuel price hike a near-term dampener for auto firms The fuel price hike, the second in a month, can dampen consumer sentiment towards new purchases of cars and two-wheelers
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Retirement to be a bust for free-spending baby boomers Baby boomers are consumers, not savers, especially when it comes to funding retirement, a new report confirms. "The retirement savings shortfalls show that for those on the verge of retirement,...
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Free-Agent Lifestye Replaces Rat Race For More Americans Leading tours to forage for wild mushrooms in North Carolina's woods, Alan Muskat lives a life that might sound like an idyllic fantasy to many cubicle dwellers.
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Silicon Valley increasing its lobbying in California's Capitol When ride-hailing companies Uber and Lyft made their lobbying debut in Sacramento last year, they were playing defense -- fending off efforts by the taxi industry and other interest groups demanding the upstarts be regul...
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Consistent underperformance in meeting targeted receipts from disinvestments The divestment target is crucial for the government to stick to its fiscal deficit figure of 3.9% of gross domestic product
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But long-standing minority shareholder Paddy McKillen believes complex legal agreements between the shareholders effectively weaken the brothers' hand Abu Dhabi's leading sovereign wealth fund has indicated it wants to b...
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Low Oil Price May Stifle Deepwater Drilling And Oil Sands But Not Fracking Saudi Arabia and OPEC may have dropped oil prices to stifle competition from America and other boom time locations, but they didn't drop it enough to stifle the U.S. oil and gas boom from fracking, a senior expert with M...
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Dow Bets $6 Billion That U.S. Fracking Boom Will Last Another Decade Dow Chemical is investing $6 billion to enlarge its manufacturing facilities in the United States by 40 percent, based on a wager that low natural gas prices here will persist into the middle of the next decade, a Dow ex...
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The One Thing That Can Transform An Idea Into A Phenomenon It's the interface, not the mechanics, that makes an idea "insanely great."
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Uruguay's pot-friendly farmer president prepares to step down Colonia del Sacramento (Uruguay)
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For years, accountants and 529 plan managers have had a long debate as to whether or not technology was a qualified education expense. If it is families could use 529 plan funds for laptop computers, etc. If it isn't fam...
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Founders Salary: How Much Should You Take? When it comes to paying yourself a salary as an entrepreneur, how much should it be? The answer isn't as simple as one-size-fits-all.
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Can Market Urbanism Revive U.S. Cities?

Forbes - 1 Mar 2015 03:25
Many U.S. cities have declined for a half-century, due to ambitious government policies that backfired. Can a pro-growth ideology called Market Urbanism bring them back?
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G.O.P. Race Starts in Lavish Haunts of Rich Donors

The New York Times - 1 Mar 2015 03:08
G.O.P. Race Starts in Lavish Haunts of Rich Donors In one resort town after another, the Republican presidential hopefuls are making their case to exclusive gatherings of donors whose wealth was unleashed by the Supreme Court's Citizens United decision.
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