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Business News

Location American Business News for 2 August 2015
Hillary Clinton's tax plan would be 'devastating': critics Almost doubling short-term capital-gains tax rates -- recently proposed by presidential candidate Hillary Clinton -- would hurt the economy because investment taxes are already excessive, critics say. "Her proposal would...
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Kraft voluntarily recalls 36,000 cases of cheese

Market Watch - 2 Aug 2015 17:23
The Kraft Heinz Company voluntarily recalled 36,000 cases of its Kraft Singles product because the wrapping on the individual cheese slices may present a choking hazard.
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Iran wants to buy up to 90 airplanes a year from Boeing and Airbus to revive its aging fleet following last month's landmark nuclear deal, according to a report Sunday by the official Islamic Republic News Agency.
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World-renowned US economist denies being part of 'criminal gang' planning on bringing the drachma back to Greece A world-renowned US economist who was part of a secret “Plan B” team devised by Greece’s former finance minister, has denied being involved in a “criminal gang” intent on bringing the drachma back to the countr...
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10 things successful leaders remember when things go wrong We tend to think of good leadership in conjunction with smooth sailing. If you're smart and resourceful, and you build and nurture a good team and generate good ideas, what can go wrong? A lot. Whether it's a failure of ...
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  Chinese corporations continue to grow bigger, according to this year's list of Fortune Global 500 companies. Ninety eight companies made it to the list, up from 92 last year, and 34 seven years ago; three companies co...
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Once, when I was sitting on the porch in the Tropical MBA house, late-night drinking and talking with Dan Andrews, I made some comment about my background in classics and language. Basically, I had studied Latin for eigh...
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Chinese Textile Mills Are Now Hiring in Places Where Cotton Was King Chinese textile manufacturers drawn by cheap cotton, falling labor costs and government incentives are helping revive depressed mill towns in the American South.
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Verizon Workers to Remain on Job Without New Contract The possibility of a strike had loomed as contract covering 39,000 workers in nine states expired Saturday.
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Not So FAFSA: How to Avoid a Student Aid Scam

ABC News - 2 Aug 2015 06:03
Not So FAFSA: How to Avoid a Student Aid Scam As July melts into August, many college-age students are once again turning their thoughts (if they haven't done so already) to that beast of complexity, the FAFSA form,
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Mort Zuckerman not attending Hamptons charity game

New York Post - 2 Aug 2015 04:56
Mort Zuckerman not attending Hamptons charity game Former NYC top cop Ray Kelly is expected to return as the impartial umpire at the annual Artists & Writers softball game in East Hampton on Aug. 15. But one...
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Icahn approached Ryan Kavanaugh for studio takeover

New York Post - 2 Aug 2015 04:47
Icahn approached Ryan Kavanaugh for studio takeover Activist investor Carl Icahn and his son Brett made a last-minute approach to Relativity CEO Ryan Kavanaugh before the company's Thursday bankruptcy filing, sources tell On the Money. Icahn --...
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What About the Stock Market?

The Huffington Post - 2 Aug 2015 04:35
What's the worst thing that could happen to your stock market portfolio? The obvious answer is a bear market, one that takes the popular averages down at least 20 percent. In fact, many bear markets have seen a loss of t...
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UBS whistleblower gets $104M jackpot

New York Post - 2 Aug 2015 03:30
UBS whistleblower gets $104M jackpot The poster boy for the enchanced protections for whistleblowers is American banker Bradley Birkenfeld. Birkenfeld assisted the feds in nailing a $780 million settlement with Swiss bank UBS in 2009....
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What 16 Twitter analysts are saying about the depressing outlook and stock-price crash (TWTR) "We do not expect to see sustained meaningful growth in [monthly active users] until we start to reach the mass market," Twitter's interim CEO Jack Dorsey warned. "We expect that will take a considerable period of time."...
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Thousands of Verizon workers are preparing to strike

Business Insider - 2 Aug 2015 01:28
Thousands of Verizon workers are preparing to strike (Reuters) - Thousands of Verizon Communications workers on the U.S. East Coast were poised to strike on Sunday after the company failed to reach agreement with unions as contract negotiations went to the wire, U.S. media...
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Rapper Snoop Dogg stopped in Italy airport with $422,000 stuffed in his Louis Vuitton luggage Italian police stopped California rapper Snoop Dogg on Friday as he prepared to board a private plane bound for Britain with $422,000 in cash in his Louis Vuitton luggage, said an Italian lawyer representing the entertai...
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How To Make Your Own 'Fallout 4' Pip-Boy

Forbes - 2 Aug 2015 23:45
How To Make Your Own 'Fallout 4' Pip-Boy Alas, if you're looking to get one of the coveted Fallout 4: Pip-Boy Editions, you're out of luck. The gaming public went wild over Bethesda's canonical peripheral and bought out the entire stock in a flash, leaving hop...
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Rouhani: The nuclear deal is a 'third way' for Iran's foreign policy DUBAI/BEIRUT
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Thousands of people on Facebook are helping a woman solve the mystery behind these vintage photos While thrifting, a photographer named Meagan Abell came across a box of stunning color photos she believed were taken in the fifties. Now Abell, who is from Virginia, is trying to track down the origin of the photos -- a...
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Here's why we should be building killer robots

Business Insider - 2 Aug 2015 23:39
Here's why we should be building killer robots On July 27, more than a thousand artificial intelligence researchers co-signed an open letter urging the United Nations (UN) to ban the development and use of autonomous weapons. Presented at the 2015 International Joint...
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Tech Firms Beware: Don't Disappoint Investors

Wall Street Journal - 2 Aug 2015 23:31
Technology companies whose earnings disappoint investors are paying an unusually large toll this quarter, highlighting Wall Street's high expectations for the sector at a time of uneven economic growth.
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