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Business News

Location American Business News for 3 August 2015
NEW YORK (TheStreet) -- Last Wednesday AAC Holdings reported second-quarter financial results that beat expectations, but the stock has been selling off since then. The problem here could hardly be any worse. On the same...
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Billionaire Agnelli Family Adds To Berkshire-Like Portfolio As Exor Buys PartnerRe For $6.9B Exor, a holding company controlled by the Agnelli family that owns interests in Fiat Chrysler Automotive, CNH Industrial, and Italian Serie A soccer champions Juventus is beginning to look like Berkshire Hathaway. On Mo...
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Mexican Tycoon Carlos Slim's Telcel Erases Mobile Borders Between The U.S. and Mexico With "Telcel Sin Frontera" (Telcel Without Border), a new plan that charges a token monthly fee for calls from Mexico to the U.S. and vice versa, billionaire Carlos Slim is erasing mobile borders between the two countrie...
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Volkswagen has overtaken Toyota to become the world's biggest carmaker MUNICH/TOKYO
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Proxy Firm Georgeson Under Investigation

Wall Street Journal - 3 Aug 2015 01:35
Georgeson, a proxy-solicitation firm, is being investigated by federal prosecutors as part of the government's increased focus on the illegal trading of confidential company information.
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Semiconductor Stocks Are In a Whole Lot of Trouble The benchmark PHLX Semiconductor Index has broken a long-term trendline and Intel is in danger of falling 20%.
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America's 50 Most Trustworthy Financial Companies Earlier this year, Forbes released the 2015 list of The 100 Most Trustworthy Companies In America, culled from data provided by MSCI ESG Research. The list included publicly-traded North American companies of all sizes ...
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Celgene's Bid for Receptos Could Be Topped

Barron's - 3 Aug 2015 18:46
Celgene's Bid for Receptos Could Be Topped Receptos could see a takeout offer for nearly 50% more than Celgene's current $232-a-share cash bid.
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Airbus just patented a jet that could fly from London to New York in 1 hour (air) Last month, the US Patent and Trademark Office approved an application from Airbus' Marco Prampolini and Yohann Coraboeuf for an "ultra-rapid air vehicle and related method of aerial locomotion." In other words, Airbus j...
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London Trader Hayes Sentenced to 14 Years

Wall Street Journal - 3 Aug 2015 17:17
A jury has convicted Tom Hayes, a former trader at UBS and Citigroup, with fraudulently trying to rig the London interbank offered rate, or Libor, the first criminal conviction of an individual for manipulating the widel...
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Puerto Rico is about to default for the first time in history Puerto Rico is running out of time to pay all of its creditors this month.
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UK asks austerity-weary workers to suggest budget cuts The British government wants austerity-weary public sector workers to come up with ideas for how to save even more money in their departments.
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Uniqlo Aims For Bigger China Gains With New Disney Deal A new partnership extends Uniqlo and Disney's relationship with Star Wars, Avengers, and Frozen merchandise
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WASHINGTON,
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Emerging markets: invest now in the next China

MoneyWeek - 3 Aug 2015 11:28
While ever more value investors are looking to emerging markets, one in particular stands out. David C Stevenson tips the best fund to play it. The post Emerging markets: invest now in the next China was first published ...
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Stock Up, Stock Down: Projecting Future NFL Team Values Projecting what NFL teams will see their values increase the most in the coming years, we also check in on franchises who are unlikely to see dramatic increases in the not-so-distant future. From the Dallas Cowboys to th...
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NEW YORK (TheStreet) -- Is the oil glut really that big? Jim Cramer isn't so sure. Cramer asked, if there's a big oil glut in the United States right now, why is the U.S. importing oil? Cramer said $43 a barrel is a ke...
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FIFA boss Blatter gives up International Olympic Committee seat Kuala Lumpur
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How Chicago's Shedd Aquarium Is Getting Students Ready For The Real World Chicago’s much-beloved Shedd Aquarium opened on May 30, 1930 as the first inland aquarium with both salt- and fresh-water habitats. Since then, the aquarium has expanded its offerings to include community outreach and ...
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Kimberly-Clark (KMB) has declared a regular quarterly dividend of $0.88 per share. The dividend is payable on Oct. 2, 2015, to stockholders of record on Sept. 4, 2015.
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In trading on Monday, metals & mining shares were relative laggards, down on the day by about 4.6%. Helping drag down the group were shares of Natural Resource Partners (NRP), off about 13.8% and shares of Hallador Energ...
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NEW YORK (TheStreet) -- Petrobras stock is decreasing 5.2% to $5.83 in afternoon trading on Monday after U.S. and Brent crude prices plunged to a six-month low on lower demand in the U.S. and growing production in the M...
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