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Business News

Location American Business News for 10 July 2015

Reddit CEO Ellen Pao Is Stepping Down

Time - 10 Jul 2015 23:26
Reddit CEO Ellen Pao Is Stepping Down Amid ongoing crisis, the embattled community site is reshuffling its executives
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Bernie Sanders and a lot of unlikely allies are backing up Jeb Bush about part-time workers Sen. Bernie Sanders (I-Vermont) and former Florida Gov. Jeb Bush (R) agree on one thing: The government should do what it can to help part-time workers find full time jobs. And Bush is finding a number of seemingly unlik...
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Kent Hovind's Battle With IRS - Collateral Damage Kent Hovind returned to Pensacola this week.  He will be serving the last month of the sentence from his 2006 conviction in home confinement before beginning a three-year period of supervised release.  There will be a ...
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Amazon Prime Day 2015: Best Deals for July 15

The Huffington Post - 10 Jul 2015 20:46
Amazon Prime Day 2015: Best Deals for July 15 By Elyssa Kirkham, Editor Amazon is turning 20 next week, and to celebrate this landmark event the online retailer is offering a huge sale under the name of Prime Day. The July 15 sales event will feature giveaways and d...
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U.S. Sports Ambitions Could Knock Adidas

Wall Street Journal - 10 Jul 2015 19:12
Key to Adidas's new strategic plan is turning around its fortunes in the U.S. That could prove challenging.
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NEW YORK (TheStreet) -- Shares of Anheuser Busch InBev were getting a pop, up 4.83% to $126.21 in midday trading Friday, after Moody's Investors Service assigned an A2 rating to the beer brewer's bonds. Moody's also is...
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We finally got some really good data on just how much money Google makes from YouTube and Google Play (goog) One of the enduring mysteries about Google is exactly how it makes its money. The company books $17.2 billion a quarter in sales, but Google only discloses six facts about where those sales come from: Ad revenues from...
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Welcome to Main Street Morning, The Washington Post's daily collection of news affecting entrepreneurs, start-ups and small businesses with a special focus on policy and government.Here's what's affecting my small busine...
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3 sisters who built an 'anti-Tinder' and turned down $30 million from Mark Cuban just launched their dating app in the UK Coffee Meets Bagel, a dating app described as the "anti-Tinder" and led by three sisters who turned down a $30 million buyout from Mark Cuban, launched in London on Wednesday. The latest entrant to an increasingly crowde...
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17 things keeping you from getting rich, according to a journalist who spent his career studying millionaires Prompted by the legendary businessman Andrew Carnegie, who turned a few nickels and dimes into a fortune, journalist Napoleon Hill researched more than 500 self-made millionaires over 20 years before releasing his 1937 b...
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Hertz Corp. employees say company made them work off-the-clock One former and two current Hertz Corp. employees in the Los Angeles area filed a class-action lawsuit Thursday against the rental car company, alleging staff were forced to work off-the-clock.
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Wall Street's walking into a Macau trap

Business Insider - 10 Jul 2015 16:51
Wall Street's walking into a Macau trap We're starting to hear talk around Wall Street -- people are saying the worst is over in Macau. "With the central and Macau governments essentially putting a 'policy floor' on the industry revenue, we believe that the w...
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ATHENS -- Hopes of a bailout deal between debt-ravaged Greece and its European creditors pushed stock markets higher Friday before crunch-time meetings that will decide whether Athens has offered enough cuts to restart r...
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Outing the index-hugger funds

MoneyWeek - 10 Jul 2015 15:03
'Closet tracking' has been labelled one of the most scandalous cons in the funds industry. But cracking down on it is proving difficult, says Rebecca Byrne. The post Outing the index-hugger funds was first published on M...
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French Cable Baron Circles U.S. Market

Wall Street Journal - 10 Jul 2015 08:17
In the past 18 months cable entrepreneur Patrick Drahi has stitched together $40 billion in deals, including a $23 billion takeover of SFR, France's second-largest mobile company. Now he's targeting the U.S. market.
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Inspiration For Big Pharma From Pixar And Facebook Tremendous credit to Pixar, Facebook - and large companies like them - that cherish the creative impulse, and maintain cultures that welcome change, thrive on exploration, and encourage individual initiative. Collectivel...
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Picking the Bones of China's Stock Carnage

Wall Street Journal - 10 Jul 2015 07:15
The spillover of China's market selloff to Hong Kong opens opportunities for lesser-known but solid businesses such as Fuyao Glass and China Medical System.
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Most every company in business says it "strives to provide superior customer service," or other words to that effect. (The exceptions are incredibly rare: a few delis that are legendary for their brusqueness, a few other...
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How engineering can prevent a financial crisis

USA Today - 10 Jul 2015 05:21
How engineering can prevent a financial crisis Anne Richards, Global Chief Investment Officer of Aberdeen Asset Management, started her career as a scientist. She tells Fortune's Nina Easton how she uses her scientific knowledge in the field of finance.        ...
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How to launch a porn site in the 21st Century

USA Today - 10 Jul 2015 00:08
How to launch a porn site in the 21st Century Cindy Gallop, founder and CEO of MakeLoveNotPorn, explains how she beat porn sites bad rep.          
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Back to School Shopping in Full Swing, With 56% of Parents Planning to Spend More Than Last Year Back to school shopping is officially underway, and some key findings from a recent Consumer Pulse survey from Rubicon Project (NYSE: RUBI) offers insight on how much parents are spending, when they’re shopping, what ...
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Burt's Bees, Originated by an Innocent Capitalist

The Huffington Post - 10 Jul 2015 23:57
Burt's Bees, Originated by an Innocent Capitalist I have been reflecting on why Burt Shavitz, the face behind Burt's Bees, impacted our world. Burt was an icon for natural, niche products whose core values remained consistent even after he became a millionaire. With Bur...
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