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Business News

Location American Business News for 9 May 2015

SEC Examining Blackstone Fee Practices

Wall Street Journal - 9 May 2015 17:20
Blackstone Group said the SEC has requested information about certain of its fee practices, including pre-2014 collection of large one-time fees when selling or taking public companies it controlled.
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HBO cleared of defamation claims in Mitre Sports case A Manhattan federal jury took just five hours on Friday to clear HBO of defamation claims that it unfairly accused soccer ball maker Mitre Sports of exploiting child labor in...
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Christopher & Banks exploring a possible sale

New York Post - 9 May 2015 04:01
Christopher & Banks exploring a possible sale Christopher & Banks, the 518-store women's apparel chain, has retained a New York investment bank to explore a possible sale, The Post has learned. The Plymouth, Minn., company -- whose...
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Porsche's incredible $100 million US headquarters is an amusement park for adults The next time you find yourself flying into Hartsfield-Jackson Atlanta International, take a look at the northeast corner of the airport. There you'll find a groovy-looking building with sports cars speeding on an adjace...
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Charter Seeks Debt Package for a Run at Time Warner Cable

Wall Street Journal - 9 May 2015 17:58
Charter Communications Inc. is in early talks with banks to arrange a debt package of $25 billion to $30 billion, as it pursues a merger with fellow cable operator Time Warner Cable Inc., people familiar with the matter ...
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F1: Rosberg ends Hamilton dominance

CNN - 9 May 2015 17:50
F1: Rosberg ends Hamilton dominance Nico Rosberg believes he has taken "one step in the right direction" after ending world champion teammate Lewis Hamilton's dominance of qualifying in the 2015 Formula One season.
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Gold weakens on low demand; silver gains on fresh buying Gold of 99.9 as well as 99.5% purity declined by Rs50 each to Rs27,250 and Rs27,100 per 10 gram respectively
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The best ways for brands to branch out of their comfort zones Guest: Multiplying the ways consumers can interact with your brand in the wild is often easier said than done, however. It usually requires companies to branch outside of their comfort zones, much like a pizza chain divi...
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Chinese online-commerce giant Alibaba Group Holding Ltd.'s stake in U.S. Web retailer Zulily Inc. has reached 9.2 percent, as the former snapped up shares of the latter at rock-bottom prices last week. Alibaba finished a...
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Billionaire Lifts Marco Rubio, Politically and Personally

The New York Times - 9 May 2015 20:18
Billionaire Lifts Marco Rubio, Politically and Personally As Marco Rubio has ascended in the ranks of Republican politics, an auto dealer named Norman Braman has emerged as a remarkable and unusual patron.
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Fitbit has a smart way of getting everyone to exercise more -- and people love it "I'm only 2,000 steps behind Julia, I have to keep going so I can beat her before I go to bed," my wife proclaims as she walks back and forth in the long hallway of our first floor apartment in New Jersey. This is typica...
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Apple's New Music Service's Killer Plan To Woo New Paid Subscribers: Give Away Free Music Samples Apple's upcoming music streaming service might make use of free components after all, with reports suggesting that the company will offer users a free trial in an attempt to convince them to subscribe.
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Ericsson Hauls Apple To European Courts Over Royalty Payments Row The legal battle over patent use could be a lucrative win as Ericsson may be entitled to $240 million to $725 million in annual royalty patents.
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Brewing anger over K-Cup screw-up prompts Keurig to capitulate It's been called the "razor blade business model." A company sells a product like a battery-operated razor blade handle at a relatively low price in order to sell a complementary consumable product later, like the astoun...
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Just Cool Cars: '73 Jensen Interceptor is fast and furious The British car had a big American engine          
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Dalian Wanda Group,  led by China's richest man Wang Jianlin, “in the process” of moving its headquarters from Beijing, China’s capital, to Shanghai, one of its most internationally minded business cities and a ...
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Digital ad sales push AOL stocks up 10 percent

New York Post - 9 May 2015 04:32
Digital ad sales push AOL stocks up 10 percent AOL shares jumped more than 10 percent Friday after the company reported better-than-expected profits and revenue from its digital advertising platform. The New York-based owner of the Huffington Post, TechCrunch...
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With Obama in town, Nike's labor choices come under fire In the 1990s Nike was the corporate poster child for bad labor practices -- blamed for exploiting workers in its Indonesian factories while spending millions of dollars on slick marketing...
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No luck for Leucadia: FXCM loses a bundle

New York Post - 9 May 2015 04:19
No luck for Leucadia: FXCM loses a bundle FXCM, the brokerage almost undone earlier this year by an unprecedented move in currency markets, reported a net loss of $9.06 a share in the first quarter. Wall Street was...
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Who Will Hire a Petroleum Engineer Now?

Wall Street Journal - 9 May 2015 04:05
The oil slump casts a cloud over the ranks of students who flooded into the industry.
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Gold Gains as Traders Sift Jobs Report

Wall Street Journal - 9 May 2015 03:34
Gold rose Friday after U.S. jobs data matched expectations for April, but steep revisions to March data sowed doubts about the labor market's health.
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LOS ANGELES
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