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Business News

Location American Business News for 11 July 2015
30 years ago today Coca-Cola fixed a mistake that could have destroyed the company The most iconic American soda company once pulled a stunt that infuriated masses and nearly drove its business to the ground. Coca-Cola announced it was replacing its original formula with 'New Coke' in April of 1985. Th...
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Sam Zell's Equity Commonwealth Is a Bargain

Barron's - 11 Jul 2015 08:27
Shares of Equity Commonwealth trade at a discount of about 20% to net asset value. The gap could close as Sam Zell sells less attractive properties.
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Greek-American Leaders Tout Lobbying Wins For Greece, But Want More WASHINGTON -- Greek-American political leaders say their push for the U.S. to use its political power on behalf of Greece is helping to resolve the nation's financial crisis. But they say they could do more if not for th...
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FTC Curious How Apple Treats Streaming Music Competition In App Store The FTC is allegedly checking out allegations against Apple by rival music streaming companies such as Spotify (who use its platform) of improper treatment. The rivals allege that this treatment violates antitrust laws.
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Eurozone chief notes a 'major issue of trust' over Greek bailout plan Meeting is seen as Athens' last chance to secure a deal.          
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Redditors Win: Reddit CEO Ellen Pao Resigns

Tech Times - 11 Jul 2015 15:04
Redditors Win: Reddit CEO Ellen Pao Resigns Redditors are celebrating over the ouster of CEO Ellen Pao as Reddit chief. What's next for the online community?
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NEW YORK (Real Money) -- Earnings season is on like the break of dawn for one key sector: packaged-food companies. All in all, big names such as PepsiCo and General Mills have reported solid quarters considering several...
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Greece Debt Plan at Next Crucial Stage, as Finance Ministers Meet A Saturday meeting of eurozone finance ministers will help determine whether Europe will continue negotiating a bailout loan the Greek government desperately needs.
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Here's the only way Uber can justify its $41 billion valuation Ride-hailing behemoth Uber has been valued at $41 billion, making it one of the most valuable private tech companies in the world. A fresh round of funding could push that valuation even higher, giving the startup a diz...
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The entire world learned a very important lesson about China this week As the entire world watched mainland China's major stock indices plunge this week, it learned something very important about the country that, for the most part it didn't know before. China is fragile. After a massive 15...
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A Cheap Way to Play the Global Travel Boom

Barron's - 11 Jul 2015 10:31
A Cheap Way to Play the Global Travel Boom Aircraft-leasing giant AerCap trades at eight times earnings. Shares could jump 35% as earnings beat estimates.
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Janus Capital Sees Better Days Ahead

Barron's - 11 Jul 2015 10:00
Janus Capital Sees Better Days Ahead The mutual fund firm has recovered from its boom-and-bust past, thanks to CEO Richard Weil's leadership.
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Pat Dorsey Follows Buffett's Lessons to Pick Stocks Dorsey Asset Management founder Pat Dorsey uses a "moat" strategy derived from Warren Buffett.
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General Motors is recalling nearly 780,000 crossover SUVs because the rear power lift gates can suddenly fall and hit people.
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China: Another Reason to Avoid Tech Stocks

Barron's - 11 Jul 2015 08:26
Warning signs on tech continue to grow. Why it's wise to wait out the slowdown--and buy stocks like Apple and Skyworks at lower prices.
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A New Approach to Bonds

Barron's - 11 Jul 2015 08:11
A New Approach to Bonds Bond funds tend to hold their value--unless rates are rising. Is it time to dump yours?
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The government's all-out response is a measure of what's at stake for Xi Jinping.
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4 Phone Calls That Can Save You a Ton of Money

ABC News - 11 Jul 2015 07:35
4 Phone Calls That Can Save You a Ton of Money Saving money can be as easy as asking someone to charge you less, but you have to make the effort.
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SEC Data Gathering Needs an Overhaul

Barron's - 11 Jul 2015 06:09
The SEC made a good start in 1993 when it created a system for electronic publishing of corporate data. Now it's time to do a better job for investors.
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Universal's 'Minions' expected to make $100M in opening weekend Expect "Minions"-mania at the box office this weekend. The Universal Pictures flick is projected to break $100 million in its opening weekend. Together with the studio's success with "Jurassic World"...
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Greek parliament approves new bailout proposal to avert bankruptcy Lawmakers began debating on the proposal Saturday morning.          
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Dan Loeb 'likes' protesters' plan to crash his fundraiser Hedge fund titan Dan Loeb loves a rumble. So it is probably not a surprise that he took to the Facebook page of a group of protesters to "like" its...
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