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Business News

Location American Business News for 13 August 2015

News Corp. beats estimated fourth quarter profits

New York Post - 13 Aug 2015 03:14
News Corp. beats estimated fourth quarter profits Buoyed by a strong performance in its book-publishing and digital real estate services divisions, News Corp. reported adjusted profits in the fiscal fourth quarter that beat Wall Street estimates. The...
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Creating genetically engineered mosquitoes could save millions of lives -- or go horribly wrong The mosquito is, by most definitions, the deadliest creature on the planet. The small insect causes an outsize amount of pain and suffering by spreading debilitating and potentially deadly illnesses like malaria, which ...
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From alpha to omega

The Economist - 13 Aug 2015 16:49
From alpha to omega FEW management fashions have waxed and waned quite as dramatically as that for conglomerates. From the 1960s to the 1980s business gurus praised conglomerates such as ITT of America and Hanson Trust of Britain as the hig...
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Tinder CEO out after only five months

CNN - 13 Aug 2015 03:50
Tinder CEO out after only five months Tinder CEO Christopher Payne is leaving the company after only five months at the helm.
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Happy Holiday For SK Chairman Among 14 Korean Businessmen Out of Jail for 'Liberation' Anniversary South Korea's President Park Geun-hye risks as much political hazard freeing convicted  business tycoons as she does responding to Japan Prime Minister Shinzo Abe's "remorse" for Japanese militarism and colonialism. Wha...
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Cindy Stumpo - Built to Last

The Huffington Post - 13 Aug 2015 23:52
Cindy Stumpo - Built to Last Eleanor Roosevelt once said, "You gain strength, courage and confidence by every experience in which you really stop to look fear in the face. You are able to say to yourself, 'I lived through this horror. I can take the...
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Advisers should take action now and proactively suggest tax-management strategies to clients rather than waiting for them to approach you.
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China rushes to calm fears over yuan's plunge China's central bank is rushing to calm fears over the yuan's plunge in recent days.
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How to Effectively Brand Yourself -- Regardless of Your Budget

The Huffington Post - 13 Aug 2015 05:01
How to Effectively Brand Yourself -- Regardless of Your Budget A brand isn't something only large, well-known companies have. It is a necessity for any person or business -- from freelancers to international e-commerce sites -- to establish themselves as an authority in their indust...
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Prosecutors Ask for No Bail for 5 Accused in Insider Trading Ring Given their strong ties to Ukraine, a country with which the United States has no extradition treaty, the five men are flight risks, the Brooklyn prosecutors maintained.
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Without Cooling, Most Modern Society Would Crumble Says Cold Chain Expert Pawanexh Kohli Captain Pawanexh Kohli is an expert on cold-chain and the global food crisis, and the Chief Advisor/CEO of India’s National Center for Cold-chain Development.
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Guess Who Tops the List for CEO-to-Worker Pay Ratio Bloomberg's Scarlet Fu looks at company rankings of the CEO-to-worker pay ratio.          
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Why the banks are scared of China

USA Today - 13 Aug 2015 18:21
Why the banks are scared of China China's woes could delay an interest rate hike and that would be bad for banks.          
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BEIJING/SHANGHAI
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(Reuters) - Apple Inc will delay its live TV service to at least next year, Bloomberg reported, citing people familiar with the iPhone maker's plans.
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Shake Shack: Our Beef Is With the Fat Valuation Shares plunge after the burger chain announces a secondary offering. Tempted? Think twice before nibbling.
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NEW YORK (TheStreet) -- Northern Trust price target was raised to $84 from $80 at Barclays, which maintained its "equal weight" rating. The firm also increased 2016 earnings estimate to $4.45 from $4.25 per share. "North...
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Schorsch and ARCP/Vereit in legal fight for millions

Investment News - 13 Aug 2015 19:07
Vereit, which had its initial public offering in 2011 under the name American Realty Capital Properties Inc., in March received a request to redeem $126.7 million worth of “operating partnership” units from affiliate...
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Every so often a new technology sneaks up and changes the world before we can blink. Other times, we see a technology launch and we think to ourselves, “That’s going to change life as we know it.” Eddystone-URL a n...
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US Stocks Edge Higher as China's Currency Stabilizes US markets edge higher as China soothes concerns over further drops in its currency
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Yuan Slide Takes Toll on Chinese Firms

Wall Street Journal - 13 Aug 2015 21:41
The yuan's surprise fall is likely to saddle some Chinese companies with billions of foreign-exchange losses, just when borrowers are grappling with towering debt burdens and slowing growth at home.
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20M downloads doesn't necessarily make Angry Birds 2 a success Developer Rovio has stormed back onto the mobile app stores with a new Angry Birds (our review) and a new business model, but that doesn’t guarantee it millions in revenue even as it racks up millions of downloads. Ang...
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