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Business News

Location American Business News for 27 March 2015
JOHANNESBURG
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Here's why successful, 28-year-old actor Miles Teller still hasn't paid off his NYU student loans Miles Teller is one of the most in-demand young actors. The 28-year-old starred in 2014's Oscar-nominated "Whiplash" and this year appears in two giant franchise films, "Insurgent" and "Fantastic Four." Additionally, he ...
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Ex-American Apparel CEO seeks $40M in damages

New York Post - 27 Mar 2015 06:42
Ex-American Apparel CEO seeks $40M in damages The breakup between American Apparel and Dov Charney keeps getting messier -- and could get a lot more expensive, too. The struggling clothing company's controversial founder is claiming more than...
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Apple's CEO Tim Cook Has Plans To Give Away All His Wealth "You want to be the pebble in the pond that creates the ripple for change"
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Bahamas Resort's Delay Hurts China's Construction Plans

Wall Street Journal - 27 Mar 2015 06:16
The opening of a $3.5 billion Bahamas resort was delayed again as a state-owned Chinese construction company and the local developer feuded over who is to blame for mismanaging the project.
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Bits Blog: Tech Executives Pressure Indiana After Passage of Controversial Law An industry with a long history of supporting gay rights is starting to speak out against a new Indiana law that gives legal cover to people who refuse to do business with same-sex couples.
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Russia is digging in its heels on its $3 billion loan to Ukraine Russia will not negotiate delaying repayment over it's $3 billion (£2 billion) loan to Ukraine that is due in December. Failure to agree on a restructuring of the debt could result in the Ukrainian government being unab...
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The shattered Co-op Bank slashed its losses by more than half last year The Co-operative Bank managed to dramatically reduce its losses in 2014 despite paying out compensation for payment protection insurance mis-selling, investing in its IT infrastructure and repairing the £1.5 billion ($2...
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10 Ways to Try to Insult an Entrepreneur But Actually Pay Them a Giant Compliment These petty comments say more about the person hurling them--and how they can't understand why you're more successful.
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Apple CEO Tim Cook says he'll donate his fortune to charity Business tycoon-philanthropists Bill Gates and Warren Buffett have some new company: Apple Chief Executive Tim Cook.
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Career Change Through Entrepreneurship: Pharmaceutical Executive Enters The Doughnut Business It sounds like the set up to a joke but it?s actually a career change success story: Mark Prygocki went from Big Four accountant to President of a medical cosmetics company to franchisee owner of five Fractured Prune Dou...
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Five Startups Trying to Stop You From Wasting Your Valuable Time These companies are putting out business lifehack products, earning entrepreneurs precious time back.
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Employer objections stand in way of 401(k) plan success

Investment News - 27 Mar 2015 20:03
Advisers can adopt strategies to counteract arguments against trying to maximize contributions
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Retiring: Study Finds Older Workers Often Missing From Rising Job Rate An AARP group surveyed 2,492 people ages 45 to 70 who had been unemployed and found about half had managed to find work.
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Oil bonds are becoming a major problem (USO, OIL)

Business Insider - 27 Mar 2015 17:19
Oil bonds are becoming a major problem (USO, OIL) It's getting really bleak for energy company debt. Oil and gas names now top Moody's growing list of companies rated B3 negative and lower, according to a research report released Friday. Bond ratings this low are consid...
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Quiksilver (ZQK) Stock Falls After Ousting CEO

The Street - 27 Mar 2015 16:22
NEW YORK (TheStreet) -- Shares of Quiksilver were falling 14.4% to $1.93 Friday after the apparel company ousted CEO Andy Mooney. The teen apparel company said that Mooney is no longer with the company, and that company ...
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Payday lenders warn that proposed new rules could hurt consumers Payday lenders complained loudly that tough new federal regulations proposed for their industry would force many operators to shut down and leave cash-strapped consumers with fewer options for getting short-term loans.
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In Silicon Valley, the Rise of High-Speed Networking

The New York Times - 27 Mar 2015 11:00
In Silicon Valley, the Rise of High-Speed Networking Auto racing is becoming the new "it" hobby for the tech world's elite ranks, as a small but growing group of men gather to drive fast and make connections.
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Abenomics is back to square zero as Japanese inflation disappears Japan's inflation rate, stripping out the effect of volatile items and tax changes, is now back to zero. That's according to figures out overnight. The consumer price index (CPI) rose by 2.2% in the year to February -- b...
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Ukraine's Russia debt threatens IMF rescue

Business Insider - 27 Mar 2015 07:31
Ukraine's Russia debt threatens IMF rescue Washington
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Oil Council: Shale Won't Last, Arctic Drilling Needed Now Despite low oil prices, recent mishaps, DOE advisory council pushes for Arctic drilling
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8 Wonderfully Unique Stores and Businesses In Dallas That You Should Know About When people think of Dallas, Texas, usually a few key things come to mind -- like country music, brisket and an impressive roster of Fortune 500 companies. But something not everyone realizes is that the "everything's bi...
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