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Business News

Location American Business News for 16 May 2015

Ben Bernanke: My bailout needs a bailout!

New York Post - 16 May 2015 04:17
Ben Bernanke: My bailout needs a bailout! Ben Bernanke thinks his bailout program needs rescuing -- from some on Capitol Hill. The former Federal Reserve chairman said if a bill two senators are pushing becomes law, it...
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How hackers built software to steal naked photos from hundreds of women automatically Two men in the US are facing up to 15 years in federal prison in connection to the development of a piece of software that was able to automatically hack into the private online photo albums of women and steal their nake...
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The 10 highest-paid CEOs of 2014

Business Insider - 16 May 2015 22:35
The 10 highest-paid CEOs of 2014 Discovery Communications CEO David Zaslav took home more than $150 million last year, making him the highest-paid chief executive in the US. Each of the top 10 highest-paid CEOs of 2014 made more than $50 million, accord...
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F.A.O. Schwarz Closing Flagship Fifth Avenue Store

Bidness etc. - 16 May 2015 16:08
F.A.O. Schwarz Closing Flagship Fifth Avenue Store F.A.O. Schwarz, the oldest toy store in the US, is shutting down its famous store in New York. The company is unable to keep up with rising retail rents on Fifth Avenue, and will be exiting the General Motors building by...
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1,450 Blue Bell workers losing jobs after listeria problems Blue Bell Creameries will lay off more than a third of its workforce following a series of listeria illnesses linked to its ice cream that prompted a nationwide recall of all its products, the Texas company announced Fri...
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New App To Attract Gen Z To Banking

Forbes - 16 May 2015 06:48
Infosys aims a youth banking app at banks that want to aim at Gen Z and have the solution up and running quickly.
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In Franklin Lakes, People Tend to Stay Awhile

Wall Street Journal - 16 May 2015 05:11
The affluent New Jersey community, population 10,600, is about 25 miles from Manhattan. Residents are drawn by its well-regarded public schools, relatively low property taxes and bucolic atmosphere.
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Preet Bharara bent on making latest insider trading case stick After getting rebuffed by an appeals court, Preet Bharara is making sure his new insider-trading case stands up to scrutiny. The Manhattan US Attorney took pains to illustrate a financial...
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Why Tesla employees fear Elon Musk, as told by one of the company's cofounders Working under a leader that's as eccentric, brilliant, and intense as Elon Musk is sure to come with its fair share of challenges and benefits. In his new book, "Elon Musk: Tesla, SpaceX, and the Quest for a Fantastic Fu...
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The fight between Airbnb and San Francisco just got nastier Airbnb housing could be cutting into San Francisco's rental market, taking as much as 40 percent of potential rentals off the market in some neighborhoods, according to a new report released yesterday by the city. The re...
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Four-dollar gasoline returns to the L.A. area

L.A. Times - 16 May 2015 02:46
Four-dollar gasoline returns to the L.A. area Four-dollar gas is back.
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(Reuters) - Some of the top U.S. hedge fund investors and activists, including Jana Partners LLC, took new positions or raised their equity stakes in fast food chain McDonald's Corp during the first quarter, according to...
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Certain tax strategies can be combined and can be more effective for the transfer of a company within the family. Tax reductions of 75 to 85 percent might be attainable.
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The Clintons Have Earned About $30 Million From Speeches, Book Sales Since 2014 Former president Bill Clinton and former secretary of state Hillary Clinton have earned $30 million from paid speaking engagements and book sales since January 2014, multiple outlets reported Friday. According to disclos...
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The 8 most elite special forces in the world

Business Insider - 16 May 2015 20:55
The 8 most elite special forces in the world Elite special forces are some of the best-trained and most formidable units a country can boast. They go where other soldiers fear to tread, scoping out potential threats, taking out strategic targets, and conducting dar...
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"As long as I can remember, I've wanted to be someone else," New York-based photographer Ji Yeo writes of her complicated relationship with plastic surgery.Yeo is not the only one. The desire is multiplied by the million...
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Verizon Communications Inc (VZ) Still On Top In Consumer Loyalty: Pacific Crest In a research report released Friday, Pacific Crest discusses the details of its wireless survey, which shows Verizon Communications Inc. (NYSE:VZ) as the leader in customer loyalty but with slow improvements. The sell-s...
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Netflix In Talks With Jack Ma-Backed Media Firm And Other Potential Partners In China Netflix is reportedly in conversation with China-based Wasu Media Holding, as well as other potential partners, for its possible foray into China.
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Rental car companies hiking prices ahead of summer

New York Post - 16 May 2015 04:21
Rental car companies hiking prices ahead of summer You may save on gas, but that summer road trip is still going to cost you -- especially if you rent your car. While consumers are expected to spend more...
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While long term depression in adults older than 50 may double the risk of stroke, this risk still remains elevated--even when depressive symptoms ease up, according to a new study conducted at the Harvard School of Publi...
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(Reuters) - Some of the top U.S. hedge fund investors and activists, including Jana Partners LLC took new positions or raised their equity stakes in fast food chain McDonald's Corp during the first quarter, according to ...
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Steve Jobs Was a Master at Looking Into the Future: You Can Be, Too Steve Jobs knew how to keep his company constantly adapting to the future. Do you?
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