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Business News

Location American Business News for 5 August 2015
Casual apparel retailers like Aeropostale , who earn a major portion of their revenues from basic-logo merchandise, have suffered terribly at the hands of fast-fashion companies. A lack of comparable innovation and diver...
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(Reuters) - Wall Street was set to open higher on Wednesday after data showed private sector hiring in July rose the least since April, reducing expectations of a strong reading in the government's payrolls report due Fr...
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Wendy's reports higher profits, misses on earnings Hamburger chain's shares rise in pre-market trading          
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Jay Z Reportedly Planning Tidal Exit Strategy

Tech Times - 5 Aug 2015 05:46
Jay Z Reportedly Planning Tidal Exit Strategy Rumors claim that Jay Z is giving up on music streaming service Tidal. The service has been plagued by low consumer interest, executive departures and lawsuits.
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Alibaba chief hires former Goldman Sachs vice chairman Jack Ma just tapped a new president who promises to deliver the Goldman touch. The ambitious chairman of Alibaba.com has hired former Goldman Sachs vice chairman Michael Evans to beef...
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Judge Rejects Settlement in American Express Case

The New York Times - 5 Aug 2015 02:58
Judge Rejects Settlement in American Express Case Citing "egregious conduct" in text messages and emails between two lawyers, a federal judge scrapped a proposed $75 million settlement between American Express and a group of retailers.
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'What Do You Think of Jesus?' and Other Illegal Interview Questions and How to Handle Them "So, do you have kids?" "How old are you?" "That's an unusual name. Where are you from?" Wait! Don't answer yet. Calling these questions illegal is a little bit dramatic/semantic, but there are some things you should kno...
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(Reuters) - Motorola Solutions Inc said private equity firm Silver Lake would invest $1 billion in the maker of walkie-talkies and radio systems as it looks to boost growth in its services business, which includes video ...
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Retail's 25 Top Execs Average $14 Million Pay, But Few Women Make The List The top slot on the list goes to Carol Meyrowitz, CEO of TJX Companies Inc., parent of discount chains T.J. Maxx, Marshalls and Home Goods. But despite the industry being driven by the consumer power of women, only five ...
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Samsung Pay on TV lets you buy apps and games with your credit card, debit card, and PayPal Samsung has introduced a new way for people to pay for content right through their television. Called Samsung Pay on TV, it supports major credit cards, debit cards, PayPal, and other mobile billing options. At first, us...
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Here's how Mode's viral hit '100 Years of Fashion' bagged 50M views EXCLUSIVE: Mode Media launched a video two months ago called “100 Years of Fashion in 2 Minutes” that has surpassed 50 million views, which the company says makes it the most-watched fashion video ever created. The c...
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Organic farmers face growing pains as demand outpaces supply Rising demand for organic food presents opportunity, challenges for farmers          
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'Mission: Impossible - Rogue Nation' Should Gross Massive $250 Million In China The biggest highlight on China’s upcoming movie release schedule is the September 8th debut of Mission Impossible: Rogue Nation, the fifth installment in Tom Cruise’s 20-year old action franchise. The new film will b...
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NEW YORK (TheStreet) -- With its shares down 7.8% in 2015 and nearly 49% in the past 12 months, Plug Power  , a manufacturer of fuel cell systems, has had a tough time turning its potential into actual cash. Fuel cells ...
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GE launches Predix Cloud service, says it will become available in 2016 GE, a company that sells consumer appliances as well as jet engines and other complex industrial equipment, today announced Predix Cloud, a version of its Predix machine data analytics software that will be accessible to...
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The company, which specializes in communications for emergency workers, has taken a $1 billion investment from the private equity firm.
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CBS quarterly income down 24%

USA Today - 5 Aug 2015 23:10
CBS quarterly income down 24% CBS Corp.'s second quarter net income falls 24% to $332 million while revenue is flat          
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New revenue figures show $50 billion Uber is losing a lot of money Uber has traditionally been tight-lipped about its finances, but a new leaked document obtained by Gawker's Sam Biddle suggests the $50 billion company is wildly unprofitable and losing tens of millions of dollars per ...
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Indian Ocean wreckage is from MH370: Malaysian PM

Business Insider - 5 Aug 2015 20:03
Indian Ocean wreckage is from MH370: Malaysian PM Kuala Lumpur
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It's official: Google Fiber is coming to San Antonio Today, Google announced it’s bringing its fiber optic network to San Antonio, Texas. The company said it will begin designing the network soon and plans to embed 4,000 miles of fiber optic cables throughout the area to...
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L.A. small-business Web portal idea wins top prize in SBA contest Los Angeles entrepreneurs will soon have a new tool to help them get their businesses off the ground.
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Coach sales dip, but not as low as Wall St. expected

New York Post - 5 Aug 2015 04:42
Coach sales dip, but not as low as Wall St. expected The good news for Coach is that the bad news is not as bad as the Street thought. The luxury accessories company reported overall and same store sales declines in...
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