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Business News

Location American Business News for 13 July 2015
NASA spacecraft reveals never-before-seen features of Pluto from 1 million miles away One million miles might sound like a lot, but for the NASA spacecraft on its way to Pluto, it was an important milestone marking its last stretch toward the dwarf planet. And the spacecraft celebrated by snapping this ph...
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Rapper 50 Cent files for bankruptcy

Business Insider - 13 Jul 2015 17:05
Rapper 50 Cent files for bankruptcy Rapper 50 Cent has filed for chapter 11 bankruptcy protection Monday. "In court papers filed in the U.S. Bankruptcy Court in Hartford, Conn., Mr. Jackson reported assets and debts each in the range of $10 million to $50 ...
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Hillary Clinton just gave a big economic speech

Business Insider - 13 Jul 2015 16:59
Hillary Clinton just gave a big economic speech Democratic presidential frontrunner Hillary Clinton is using what her campaign is describing as a "major economic address" Monday morning to call for companies to share more profits with their employees and reforming th...
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Why The 'Smart Money' Was Right About Crude Oil Again Commercial oil futures hedgers (the "smart money") correctly bet against crude oil's recent rebound.
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Are American "Investors" Killing Their Golden Geese?

The Huffington Post - 13 Jul 2015 05:18
Are American Remember when American enterprise was the best the world? Sadly, that is changing. A little over a month ago, the venerable DuPont Company surprisingly won an epic battle over Nelson Peltz's Trian Fund. DuPont, the compa...
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A big rebound in China’s stock prices at the end of last week is leading growing numbers of the record number of businesses that suspended their shares to resume trading after an earlier market rout.
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What does it take a be a VC? It's a question on a lot of our readers' minds, so Forbes staff writer Alex Konrad and TrueBridge Capital partners were available to provide their perspectives during an #AskForbes Twitter ch...
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Metals Stocks: Gold slides as Greece reaches deal

Market Watch - 13 Jul 2015 17:18
Gold prices fall as Greece reaches a deal with its creditors.
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Greeks are going to be furious when the government chops up the country for a fire sale Greeks are already angry about their bailout referendum being effectively proven pointless after they voted against the conditions set out by creditors prior to June 30 - but just wait until they get a load of the seriou...
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Greece just signed up to privatisation programme twice as big as it had before Greece finally has a deal after months of tense negotiation. In a lot of ways, it's a massive climb-down on what the government wanted, and even more austere than previous bailout agreements the country has signed up to...
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The coming months will be trying for Europe's most struggling economy. Greece, in rather extraordinary fashion, agreed to meet a long list of highly punitive reforms after a more than week-long standoff that had forced i...
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Macau Government May Ease Smoking Ban; Stocks Rally Up Surge in Macau casino stocks came on the heels of news regarding the local government planning to bring some relaxation to the smoking ban on gaming floors, Bloomberg reports.
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The American consumer is feeling increasingly optimistic

Business Insider - 13 Jul 2015 17:00
The American consumer is feeling increasingly optimistic The American consumer is starting to feel better. One of the questions on the New York Fed's monthly Survey of Consumer Expectations asks respondents how they expect their household spending to change over the next yea...
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Since the financial crisis, almost all Americans have seen their wages fall The Bureau of Labor Statistics recently released a study of employment compensation since the financial crisis and Great Recession. One of the things they measured was how wages changed over that time period. This chart ...
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Small firm, commercial vehicle loans grow IndusInd Bank book IndusInd Bank has scored on both loan growth and asset quality in the June quarter as indeed it has been doing for some quarters now
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Time Inc. to Move Test Kitchens to Alabama

The New York Times - 13 Jul 2015 06:01
Time Inc. to Move Test Kitchens to Alabama The magazine publisher will move almost all recipe testing and other food editorial production to a new studio with 28 test kitchens and a dozen photography studios.
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China shares lead Asia higher as Beijing's efforts to reverse a massive stock selloff appear to be holding up, and Greece inches closer to a bailout deal.
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China's stock market chaos of late has injected uncertainty into investment decisions in the country that on the whole can't help harm businesses. It has also created losses for a swath of the investing public.Yet, as it...
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Nintendo President Satoru Iwata Dead At 55

The Huffington Post - 13 Jul 2015 05:31
Nintendo President Satoru Iwata Dead At 55 Nintendo president Satoru Iwata has died of bile duct cancer, the video game company said in a statement issued on Monday. He was 55.  Iwata was a popular figure among the company's many fans, in no small part due to ...
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Meet the 26-year-old who was just crowned Miss USA

Business Insider - 13 Jul 2015 05:29
Meet the 26-year-old who was just crowned Miss USA Miss Oklahoma Olivia Jordan was crowned Miss USA 2015 in Baton Rouge, Lousiana on Sunday evening. The Miss USA pageant is co-owned by Donald Trump. This year's pageant was aired on little-known cable network ReelzChannel...
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Futures Dip as Possibility of Grexit Rises

The Street - 13 Jul 2015 01:24
NEW YORK (TheStreet) -- Stock index futures opened lower Sunday evening, reversing gains from the rally during Friday's session, as hopes for a Greek deal seemed to slip away and the possibility of a Grexit drew nearer...
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What's Next for Greece?

Barron's - 13 Jul 2015 23:58
What's Next for Greece? U.S. stock indexes were up strongly on news of an 11th-hour bailout. But several articles suggest the euphoria could wear off soon.
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