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Business News

Location American Business News for 21 June 2015
Sweet Briar College in Virginia, a 114-year-year old private, women's liberal arts school that was slated to close at the end of the summer, has received a reprieve and will remain open for another year with new leadersh...
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The worst case if you invest in a hot stock market U.S. stocks are near record highs. Just how bad would your losses be if the market drops?
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How to Punish Bank Felons

The Huffington Post - 21 Jun 2015 16:01
How to Punish Bank Felons What exactly does it mean for a big Wall Street bank to plead guilty to a serious crime? Right now, practically nothing. But it will if California's Santa Cruz County has any say. First, some background. Five giant banks...
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Five Entrepreneurial Places in Europe Where Hub Things Are Happening Startup culture thriving all over the continent
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Who Should Write The Worker Rules For The 1099 Economy? If reasonable limits aren't established now -- and codified either formally or as an expected standard practice -- abuses of the system are bound to happen. And bad stuff invariable follows, for both parties.
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The collapse in US oil rigs might be leveling off

Business Insider - 21 Jun 2015 13:15
The collapse in US oil rigs might be leveling off The weekly Baker Hughes oil rig count was released Friday, and for the 28th straight week, the number of active rigs in the US dropped. But those 28 weeks of declines were not equally dismal. From December through early ...
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Banks introduce new fees and service cuts

New York Post - 21 Jun 2015 12:01
Banks introduce new fees and service cuts The small customer is toast at US banks. Banks are chasing the fast buck -- and "gouging" their retail customers with hefty new charges, overdraft fees and service cuts to...
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Dwayne 'The Rock' Johnson's diet contains an absurdly large amount of cod Dwayne Johnson's new HBO series "Ballers" begins Sunday night. Johnson plays a former pro football player who becomes a financial advisor for current athletes. This sparks us to ask once again, how on earth does he main...
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China's economic problems are everyone's economic problems

Business Insider - 21 Jun 2015 14:01
China's economic problems are everyone's economic problems China's economic slowdown isn't just bad for China. It's bad for everyone who trades with China. GDP growth has slowed from 10.4% annually in 2011 to 7.4% last year. According to the World Bank, this number should contin...
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Arianna Huffington inks contract to remain site's EIC

New York Post - 21 Jun 2015 02:52
Arianna Huffington inks contract to remain site's EIC Arianna Huffington has yet to turn a profit at her Huffington Post, which is being sold along with its parent company, AOL, to Verizon, but now she has a new...
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WikiLeaks Leaks More Sony Documents: Secret Apple Deal And Bribery Investigation Revealed A new batch of emails and documents related to the Sony hack from November has been uploaded to WikiLeaks, showing a deal that the company made with Apple, as well as a number of settlements that it made.
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Italian Prosecutors Seek To Indict Bank Of China, 297 People

The Huffington Post - 21 Jun 2015 14:32
Italian Prosecutors Seek To Indict Bank Of China, 297 People ROME (AP) -- Italian prosecutors are seeking to indict 297 people and the Bank of China in connection with a massive money-laundering investigation reported by The Associated Press earlier this month. The suspects, mostl...
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Barclays' boss gave every member of staff another day off each year Antony Jenkins, the boss of British bank Barclays, emailed the entire company on Friday and told them they can all have one extra day of holiday a year.  Sources close to Barclays told Business Insider that Jenkins emai...
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China's stock market surge dream could easily bring about its worst nightmare China's ruling Communist Party has made it clear that it has a mortal enemy: social unrest. Separately, it has also made it clear that the Chinese people should be heavily invested in the stock market. And so, dutifully,...
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Online guide helps New Yorkers get more bang for their buck If you are a bank, why lend money and put it at risk when you can simply gouge your customers for profit? Banks have been hurt by a raft of...
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CFOs are working even when while on vacation: study

New York Post - 21 Jun 2015 02:39
CFOs are working even when while on vacation: study Turn off the phone, unplug the tablet and enjoy the summer. That's what an increasing number of executives are not doing. Indeed, in the midst of a technological revolution, many...
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Anthem Proposes To Buy Cigna For $54 Billion

The Huffington Post - 21 Jun 2015 01:31
Anthem Proposes To Buy Cigna For $54 Billion NEW YORK (AP) -- After getting the cold shoulder, U.S. health insurer Anthem Inc. said it's raising its offer to buy smaller rival Cigna Corp. for $54 billion, including debt. Indianapolis-based Anthem said Saturday it's...
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Why HBO's 'True Detective' Will Continue To Change The Way You Watch Television Last year, before HBO's True Detective premiered I wrote a piece about the way the series could change the way you’ll watch television. And it turns out that it did that and more. Not only because of its sheer excellen...
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From the moment Jeff Costellia first joined a big firm after graduating from law school, he had one destination in mind: the corner office.It wasn't just the palatial space, the private conference table, the windows and ...
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Waking Up to the Dollar Signs in Dads

The Huffington Post - 21 Jun 2015 23:29
Waking Up to the Dollar Signs in Dads This is an image of a "male parking station" in a mall in Turkey. A group of men recline on the sofa in various states of tedium while (presumably) their female partners are off merrily flexing their credit cards. What's...
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Tesla's Need for Cash Should Cow Investors

Wall Street Journal - 21 Jun 2015 23:27
Tesla's high stock price and need for cash to fuel its ambitions are a risky combination for investors.
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Pressure Mounts on Europe to Find Greek Solution

Wall Street Journal - 21 Jun 2015 23:22
European leaders' talks on Monday could determine whether Greece seals a last-gasp deal or ends up under capital controls. The hurdles remain formidable.
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