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Business News

Location American Business News for 5 July 2015
'Big data' is solving the problem of $200 billion of wasted energy At its best, technology is able to tackle huge problems with remarkable ease. The General Services Administration, for example, has found a way to save $13 million a year in energy costs across 180 buildings -- all thank...
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Day of Reckoning for Greek Banks and Eurozone's Central Banker Unless the European Central Bank decides Greece's banks deserve further support, they will probably collapse, taking the nation's economy with them.
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Santander is going to build its own fintech startups to protect it from competition Spanish banking giant Santander is teaming up with mobile payment company Monitise on a joint venture that will foster new fintech startups. Monitise, who announced the new company in a statement today, says the as-yet-...
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This founder sold her first startup for $110 million -- here's why she's not following the same playbook for her second Mariam Naficy built her first startup fast. It was first to market, first to grab the biggest share. It raised money fast and then sold fast. When she was 28, she and her cofounder Varsha Rao sold their online makeup com...
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Microsoft Corporation's (MSFT) $1.15bn Loss Due To Xbox 360's RROD Woes: Behind The Scenes Many users of Microsoft Corporation's (NASDAQ:MSFT) Xbox 360 console faced the Red Ring of Death (RRoD) at some point in the life of their console. Peter Moore, from Electronic Arts Inc. (NASDAQ:EA) worked for Microsoft ...
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TGI Friday's departure from Fifth Avenue doesn't upset building owners When the TGI Friday's at 604 Fifth Ave. at 49th Street finally closes, few tears will be shed in the neighborhood that has long considered the potato-skin purveyor an eyesore....
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America's best brokers are far from Wall Street

New York Post - 5 Jul 2015 01:44
America's best brokers are far from Wall Street Brokers at regional firm Edward Jones are among the happiest in America. Forget about the big guns at Merrill Lynch and Morgan Stanley, the archrivals that raid each other's staffs...
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This Londoner is raising thousands for a Greek bailout on a crowdfunding site Greece is desperate for cash and is set to default on its €1.5 billion (£1 billion, $1.7 billion) debt payment today (June 30) -- so this Londoner decided to try and raise cash for the beleaguered country via crowdf...
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BEIJING/SHANGHAI
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These 12 surprising investors in Uber are poised to get really rich Uber may be losing boatloads of money, but that hasn't stopped a stampede of investors from trying to get a piece of the ride-hailing company. The 5-year-old company is valued at $41 billion, although that could spike to...
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BP Plc (BP) Gets Positive Rating From Moody's

Bidness etc. - 5 Jul 2015 15:06
BP Plc (BP) Gets Positive Rating From Moody's Rating agency Moody's Investors Service recently changed its outlook on BP plc (ADR) (NYSE:BP) from negative to positive. Following the revised rating, the company stock was up 5.17% Friday, and is expected to move furth...
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Abby Wambach Leading From The Sidelines

Forbes - 5 Jul 2015 13:40
Abby Wambach Leading From The Sidelines This week's Sports Leadership Notebook: the remarkable leadership being displayed by Abby Wambach; the hollow offer of college scholarships for middle school kids; and, Under Armour's rise continues.
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Greece Votes In Bailout Referendum In Biggest Test Yet For Euro ATHENS, Greece (AP) -- The latest from the referendum in Greece (all times local): ___ 7 a.m. Polls have opened across Greece in a snap referendum on whether the EU country will accept the tough creditor conditions attac...
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Greece's debt turmoil may hurt Fed's plans

New York Post - 5 Jul 2015 01:24
Greece's debt turmoil may hurt Fed's plans Janet Yellen and the Fed can't contain this Greece fire. The ripple effect of the Greek vote today in the financial markets is washing ashore here -- with the US...
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The final tally is in and an overwhelming majority of Greeks voted against the austerity demands of international creditors, a landslide result for the leftist government. With 92 percent of the vote counted, Greeks reje...
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Jason Pierre-Paul Reportedly Mangled Hand In Fireworks Accident Jason Pierre-Paul, the star defensive end for the NFL's New York Giants, has injured his fingers and hand in a fireworks accident. (The NFL has confirmed Pierre-Paul's injury.)
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Central Athens is having a once-in-a-lifetime party right now ATHENS, Greece -- Thousands of people streamed into Syntagma Square, the centre of Greek political life, to celebrate the enormous rejection of the country's bailout deal on Sunday.  The snap referendum announced by Pri...
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Why Apple Watch And Fitbit Will Not Meet Expectations A lot of activity has taken place in the wearable devices (wearables) world in the last few weeks. Fitbit went public. Jawbone is suing Fitbit. Apple Watch went on sale (for real, this time). If you read the tech news, i...
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Greece Rejects Austerity

Forbes - 5 Jul 2015 23:48
Greece Rejects Austerity The Greeks have spoken. With a sizeable majority, they have rejected the offer made by their European creditors on June 25th.Ok, so the offer had expired. But there is little doubt that, had the Greeks voted Yes, it woul...
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Barclays: Grexit most likely to happen as Greece will run out of cash on July 20   Greece is set to leave the euro this month as it's looking like a win for "No" voters, with over 60% of votes as 40% of votes have been counted, says Barclays in its latest note. The overwhelming percentage of peopl...
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Time To Play Hardball Yanis

Forbes - 5 Jul 2015 23:46
Time To Play Hardball Yanis The Greek referendum has delivered a stunning victory for Syriza and its anti-austerity message. Despite the banks being closed as a result of the ECB limiting its provision of banknotes, and despite a united chorus of E...
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Greece - Now What?

Forbes - 5 Jul 2015 23:45
Greece shocked the consensus by voting “no” by a surprisingly large majority to reject the demands of its creditors on Sunday, July 5th. The markets were not expecting this result primarily because they had convinced...
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