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Business News

Location American Business News for 11 August 2015

Google forms a new holding company, 'Alphabet'

Business Insider - 11 Aug 2015 06:16
Google forms a new holding company, 'Alphabet' SAN FRANCISCO (AP) -- Google is creating a new company to oversee its highly lucrative Internet business and a growing flock of other ventures, including some -- like building self-driving cars and researching ways to pr...
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10 things in tech you need to know today (GOOG, TWTR, APPL) Good morning! Here's the tech news you need to know today. 1. Google has announced a massive reorganisation. It will become an subsidiary of an entirely new parent company called Alphabet. 2. Larry Page will lead Alpha...
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U.S. Charges 9 in Big Insider Trading Scheme

Wall Street Journal - 11 Aug 2015 16:31
U.S. authorities have indicted nine individuals in sweeping charges against a group of traders and computer hackers who allegedly schemed to get early access to press releases about mergers and acquisitions and trade on ...
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FDA Warns Kim Kardashian About Instagram Endorsement The FDA wasn't amused when celebrity Kim Kardashian endorsed a drug on Instagram.
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Larry Sonsini Of Wilson Sonsini, On Building A Law Firm From The Ground Up I speak with eponym Larry Sonsini about some of the fundamental lessons and attributes that he and his firm have learned and leveraged to achieve their position in the fast-paced, smart, and aggressively evolving markets...
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China devalues yuan in shocking move

CNN - 11 Aug 2015 06:59
China devalues yuan in shocking move The People's Bank of China allowed the yuan to depreciate by nearly 2% against the U.S. dollar on Tuesday, the result of a surprise policy change that could spark a currency war in Asia.
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Envestnet Inc., a Chicago-based provider of online investment tools, said it has reached a deal to acquire Yodlee Inc. in a cash-and-stock transaction that values the company at about $590 million.
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Google's new name alphabet spells gains

USA Today - 11 Aug 2015 23:51
Google's new name alphabet spells gains Shares of Google (GOOGL) rallied to finish Tuesday's regular trading session in positive territory as the top performer on the S&P component, making it TheStreet's Move of the Day.          
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The Neuroscience Behind Competitive Edge

The Huffington Post - 11 Aug 2015 23:47
The Neuroscience Behind Competitive Edge A new field of neuroscience has defined the pathway for cultivating breakthrough innovators and problem-solving managers who keep companies competitive. This new research has identified specific elements in our mental at...
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HP Inc. to Pay Higher Dividend Than HP Enterprise The higher dividend may make more sense as HP Inc. is likely to be less acquisitive than HP Enterprise.
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Global Stocks Fall After Yuan Move

Wall Street Journal - 11 Aug 2015 16:16
China's devaluation of its currency has sent global stocks tumbling lower, hitting the shares of companies that export to China or compete with Chinese rivals especially hard.
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Europe Stocks Face Global Growth Challenge

Wall Street Journal - 11 Aug 2015 15:57
For once, the problems for European stock investors aren't coming from Europe.
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Police raid Uber offices in Hong Kong

New York Post - 11 Aug 2015 15:39
Police raid Uber offices in Hong Kong HONG KONG -- Hong Kong police searched Uber’s office in the Asian financial center on Tuesday, in the latest legal headache for the fast-growing company that’s meeting resistance from regulators...
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(Reuters) - Standard & Poor's on Tuesday said it may downgrade Warren Buffett's Berkshire Hathaway Inc because the company plans to spend a large amount of its cash to finance its roughly $32.3 billion purchase of aerosp...
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6 ways to get the trendiest haircut for guys right now

Business Insider - 11 Aug 2015 20:56
6 ways to get the trendiest haircut for guys right now Fades are in. Walk down the street, pick up a magazine, turn on your TV — the close-cropped style can be seen on stylish gents everywhere. But not all fades are created equal. In fact, there's a fade for nearly every...
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Buying Tesla, Google, and Amazon, Avoiding Netflix Joshua Spencer, manager of the T. Rowe Price Global Technology fund, likes growth, but only at a fair price.
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China Yuan Fall Won't Ease Pressure on Economy

Wall Street Journal - 11 Aug 2015 07:41
China figures a more flexible currency can help it better deal with economic challenges, but it will be a delicate adjustment.
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U.S. to Charge That Hackers Tapped Early Deal News

Wall Street Journal - 11 Aug 2015 07:11
U.S. authorities are preparing to unseal sweeping charges as early as Tuesday against a group of traders and computer hackers who allegedly schemed to get early access to press releases about mergers and acquisitions and...
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Asia currencies fall, stocks mixed after China devalues yuan BEIJING (AP) -- Asian stock markets wavered and the region's currencies tumbled Tuesday after China unexpectedly devalued its tightly-controlled yuan in response to weakening trade and growth. KEEPING SCORE: China's Shan...
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China Lowers Value of Its Currency as Economic Slowdown Raises Concerns The devaluation of the renminbi appeared to be a response to signs that the economy was slowing too fast for comfort and could raise tension with trading partners like the United States.
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New ad tracking software is like legal insider trading

New York Post - 11 Aug 2015 04:40
New ad tracking software is like legal insider trading It might be the closest thing to insider trading and still be legal. Wall Street pros are warming up to one of the newest investment tools to come along --...
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NEW YORK (The Deal) -- Sumitomo Life Insurance, the Tokyo-based life insurer, agreed to acquire Symetra Financial of Bellevue, Wash., in an all-cash deal valued at $3.8 billion, the company announced on Tuesday. The deal...
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