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Business News

Location American Business News for 21 May 2015
Duke professor accused of racism defended himself in letter to mom of prospective future student A Duke University professor who left online comments about "the blacks" and "the Asians" on a New York Times op-ed article has landed himself in hot water with allegations that he is racist. Jerry Hough's comments immedi...
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Lululemon's effective technique for turning customers into addicts Lululemon's customer base is often described as a "cult following."  Popular fashion blogs like the Lululemon Addict highlight the brand's fandom. One Lululemon customer on the fitness blog Fit City Blonde describes her...
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China's richest man lost $15 billion in one hour Li, chairman of Hong Kong-listed Hanergy, lost $15 billion on Wednesday when shares of his solar firm plummeted 47% in Hong Kong trading -- in about an hour.
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NEW YORK (Real Money Pro) -- Sorry, Target  fans, Wal-Mart's   horrid start to the year overshadows your latest earnings report. And it deserves closer inspection. Why? Well, first, Wal-Mart represents the U.S. econ...
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Hunting for property bargains in the eurozone

MoneyWeek - 21 May 2015 17:20
Despite record high prices, property remains a British obsession. We'd be wiser shopping on the continent, says Matthew Partridge. here, he picks some of the best places to buy. The post Hunting for property bargains in ...
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Here Comes the Yuan

Wall Street Journal - 21 May 2015 14:40
Investors are going to be pouring money into China in the years to come, increasing demand for the Chinese currency--which will have long-term impacts.
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Hillary Clinton, Please Add Me To Your LinkedIn Network Presidential candidate Hillary Clinton has joined LinkedIn. LinkedIn hounds, you have a new member of the pack--just don't be intimidated that she has put Secretary Of State on her resume. Presidential candidate Hillary ...
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What I Learned About My Career From Leading a Double Life

The Huffington Post - 21 May 2015 15:07
What I Learned About My Career From Leading a Double Life The year after I graduated college, I led a double life. Nothing exciting like being a business woman and a lady of the night, but I was white-collar by day and blue-collar after 5 p.m.. That August, I had landed an inte...
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The Man Who Lost $14 Billion in One Day

Wall Street Journal - 21 May 2015 15:07
On the day Hanergy Thin Film Power owner Li Hejun lost roughly $14 billion, he was skipping his company's annual meeting to attend what it said was a clean-energy exhibition in Beijing.
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De-jargoned: Section 89 of the Income-tax Act

livemint.com - 21 May 2015 16:16
De-jargoned: Section 89 of the Income-tax Act Here is a look at what is covered under this section, and how one can avail of the relief
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Settlements Reached in 2010 Gulf Oil Spill

The New York Times - 21 May 2015 03:58
Settlements Reached in 2010 Gulf Oil Spill Transocean -- owner of the Deepwater Horizon drilling rig that exploded, killing 11 workers -- is expected to pay $211 million to businesses and individuals who claim damages.
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Epic Academy senior wins Citywide Youth Entrepreneurship Challenge Davon Smith is capitalizing off the written word.
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Ricketts family buys three more Wrigley Field rooftops

Chicago Tribune - 21 May 2015 21:05
Ricketts family buys three more Wrigley Field rooftops The Cubs-owning Ricketts family has purchased three more buildings with Wrigley rooftop businesses, increasing its grip on where Cubs fans spend their dollars around the team's historic stadium.
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NEW YORK (TheStreet) -- As PayPal prepares to separate from its parent company eBay , it is heavily prioritizing mobile as it works to reimagine commerce. PayPal on Thursday laid out plans for its future as an independ...
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NEW YORK (The Street) -- Recalls of defective airbag inflators by a leading Japanese automotive parts supplier are turning into a massive opportunity for a rival.  Autoliv , the Swedish-American company based in Stockho...
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China Embraces Foreign Bond Investors

Wall Street Journal - 21 May 2015 19:50
China has been opening up its domestic bond market to foreign investors at a record pace this year, as the country moves to turn the yuan into a global reserve currency.
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4 Simple Leadership Lessons You Can Steal From Richard Branson A few takeaways from the day Richard Branson morphed into Ferris Bueller.
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LOS ANGELES/BOSTON
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SAN FRANCISCO
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Among the companies whose shares are expected to see active trade in Thursday's session are Hewlett-Packard, Best Buy, and Dollar Tree.
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NEW YORK (TheStreet) -- Monro Muffler Brake  shares closed trading down 5.9% to $59.04 in trading on Thursday after the automotive repair company reported its fourth quarter financial results before the opening bell to...
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6 of the Most Notorious Entrepreneurs of All Time These shady characters combined ruthless methods with surprising business acumen.
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