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Business News

Location American Business News for 25 March 2015

How safe are European airlines?

CNN - 25 Mar 2015 16:13
How safe are European airlines? The crash of a Germanwings plane in France has put the safety record of European airlines under scrutiny.
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Ellen Pao's lawyer concludes: Kleiner Perkins is a boys' club Ellen Pao's lawyer Alan Exelrod shared his closing remarks on her sexual discrimination lawsuit today, as court proceedings on the suit draw to a close -- one month after they began on February 24.
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All Porsche employees get bonus

CNN - 25 Mar 2015 16:04
All Porsche employees get bonus Porsche sold many expensive sports cars last year and wants to share the spoils with its 14,600 workers.
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How I Built a $100k Jerky Business in Six Months for Less Than $100 In today's world, you don't need raise millions of dollars or rid your life savings to start a business. Here's how I did it for less than $100.
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Chinese Developer Finds Rough Road in Motor City

Wall Street Journal - 25 Mar 2015 04:15
China has invested more than $40.8 billion in real estate institutional deals across the world over the past seven years. But in a number of places, including Detroit, its investors are running into snags.
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Google's lobbying efforts pay off with nearly-weekly meetings at the White House Google employees contributed a total of about $1.6 million to Barack Obama's two Presidential election campaigns. And Google employees have been to meetings at the White House about 230 times, or roughly one per week, du...
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NEW YORK (TheStreet) -- Shares of Pacific Sunwear of California  are down 2.04% to $2.88 on heavy volume in afternoon trading Wednesday, ahead of the teen retailer's fourth quarter earnings results, scheduled to be rele...
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NEW YORK (TheStreet) -- AutoZone shares are down 0.2% to $666.17 in early market trading on Wednesday after the automotive parts retailer announced the authorization of a repurchase of an additional $750 million of comp...
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LearnVest Proves Why IPOs Aren't Your Only Exit Strategy Online financial planning service company LearnVest sells itself to Northwestern Mutual, confirming that IPOs are not the only successful exits.
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NEW YORK (TheStreet) -- Warren Buffett sure does love his unhealthy condiments. On Wednesday, the billionaire investor and CEO of Berkshire Hathaway announced that he was teaming up with 3G Capital again to provide equit...
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NEW YORK (TheStreet) -- PayPal has long been a key player in digital transactions between consumers and merchants. But now the eBay unit is scrambling to keep up with the radical transformation going on in mobile payment...
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Wall Street rises at open after M&A news

Reuters - 25 Mar 2015 15:37
(Reuters) - U.S. stocks opened higher on Wednesday despite weak industrial orders data, after a merger agreement between Kraft Foods and Heinz Co.
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Meet the richest Brazilian in the world who partnered with Warren Buffett to merge Heinz and Kraft Kraft and Heinz are coming together in a massive merger that will create the 5th largest food company in the world. There are two investment firms behind it, Berkshire Hathaway and 3G. Of course you know that Berkshire i...
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Oil giant Schlumberger pleaded guilty to violating US sanctions in Iran and Sudan (SLB) Oilfiled services giant Schlumberger has entered plead guilty for violating sanctions in Iran and Sudan, according to the Department of Justice. Pending court approval, the company will pay $232.7 million "for conspiring...
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NEW YORK (TheStreet) -- Shares of Noble Corp.  are rising, up 5.78% to $14.91 in afternoon trading Wednesday, after WTI crude ended the day higher by 3.6% to $49.21 a barrel on a weaker dollar, according to Reuters. U...
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10 Simple Steps to Build a $10 Million Business A serial entrepreneur shares 10 steps to building a service business
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NEW YORK (TheStreet) -- Whiting Petroleum  is taking a tremendous haircut on Wednesday in the market. It was unable to find a buyer and was forced to issue a 35 million-share secondary. This is another clue that the bu...
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NEW YORK (TheStreet) -- Tesla Motors shares fell following a downgrade from brokerage firm CLSA noting that while near-term risks remain, the longer-term outlook is bright. CLSA analyst Andrew Fung downgraded shares to...
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NEW YORK (TheStreet) -- Stocks fell shortly after the open Wednesday on confusion over how to read an unexpected slide in durable goods.Durable goods orders in the U.S. slipped 1.4% to $231.3 billion in February, an u...
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NEW YORK (TheStreet) -- In what it's calling the largest acquisition in its history, Lexmark International purchase of Kofax for $1 billion was done to boost its presence in the enterprise software business. "They have c...
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US FDA ban lengthens recuperation for Ipca Laboratories Shares of Ipca Laboratories fell 12.55% as investors sold it in dismay at the prospect of a lengthy process of getting its banned units certified as fit
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NEW YORK (TheStreet) -- Shares of GoPro are up 4.18% to $43.58 in early market trading Wednesday, after analysts at FBN Securities "strongly" recommended purchasing shares of the action camera maker this morning. Analy...
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