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Business News

Location American Business News for 14 August 2015
NEW YORK (The Deal) -- The Commonwealth of Puerto Rico is including some attractive features in the $750 million bond that its water and sewer utility is issuing, but sources say that it lacks one element that would mak...
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Oil Prices Slide to 6½-Year Low

Wall Street Journal - 14 Aug 2015 07:55
Crude-oil futures on the New York Mercantile Exchange dropped to a more-than six-year low on escalating concerns about demand from China following the yuan's devaluation.
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Greece: All-night debate on new bailout

Business Insider - 14 Aug 2015 06:35
Greece: All-night debate on new bailout ATHENS, Greece (AP) -- Greek lawmakers are continuing a debate in parliament to approve a massive new bailout deal after repeated delays over procedure and dissent within the governing left-wing Syriza party caused the s...
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48% paycut for the CEO behind Guinness brand The CEO of Diageo, the maker of Guinness, Smirnoff, and Johnnie Walker, has had his salary slashed by 48%.
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U.S. growers worry over China's economy

L.A. Times - 14 Aug 2015 03:29
U.S. growers worry over China's economy California's growers are casting a wary eye toward China, their third-biggest trading partner, because the devaluation of its currency is expected to make pistachios, almonds and other farm products more expensive.
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A member of the Chicago Tribune's editorial board wrote Thursday that she is praying for a storm that will transform Chicago -- similar to the way Hurricane Katrina forced change upon New Orleans.
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Post-Katrina Struggles Continue in the Lower Ninth Ward and Parts of West Bank New Orleans (An earlier version of this blog was published in "The Louisiana Weekly" in the July 27, 2015 edition.) In the Lower Ninth Ward of New Orleans, Rev. Charles Duplessis of Mount Nebo Bible Baptist Church says an estimate t...
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Big Media Must Reverse Netflix's Stream

Wall Street Journal - 14 Aug 2015 19:17
After last week's stock-market bloodbath, the balance of power between Big Media and Netflix may have to change.
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Generic-Drug Firms That May Be Swallowed Up

Barron's - 14 Aug 2015 17:39
Generic-Drug Firms That May Be Swallowed Up ANI Pharmaceuticals, Akorn, Impax and Sagent Pharmaceuticals are smaller firms that could begin to consolidate.
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Kaspersky ex-employees say Russian antivirus firm faked malware to harm rivals SAN FRANCISCO (Reuters, Joseph Menn) – Beginning more than a decade ago, one of the largest security companies in the world, Moscow-based Kaspersky Lab, tried to damage rivals in the marketplace by tricking their antiv...
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Why Murray Energy Acquired Goldman Sachs Group Inc Colombian Coal Mine? The US leading coal mining company, Murray Energy Corp. acquired Goldman Sachs Group Inc.'s (NYSE:GS) Colombian coal mining unit. The deal consists of several valuable assets, including two developed mines El Hatillo and...
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NEW YORK (TheStreet) -- Walt Disney price target was cut to $98 from $100 at Barclays, which reiterated its "equal weight" rating. The firm also lowered 2016 earnings estimates to $5.58 from $5.72 per share. "We have bee...
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In this aging bull market, investors are showing signs of a sea change in their attitudes.
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NEW YORK (TheStreet) -- Shares of Aspen Technology were falling 14.1% to $36.09 on heavy trading volume Friday despite the business software company's positive fiscal fourth quarter financial results. Aspen reported ear...
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NEW YORK (MainStreet) -- Cuba, with its longtime trade embargo and travel restrictions, clearly has been the furthest thing from a hotbed of economic activity for decades. But investors hoping all that will change amid ...
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NEW YORK (TheStreet) -- Goldman Sachs just got one step closer to becoming a bank for the people. On Thursday, the New York-based investment bank announced that it agreed to acquire the online platform of General Electr...
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RANKED: The world's national debts, from safest to most risky Bank of America's Transforming World Atlas has loads of lovely infographics in it, but one of the most colourful is a map of the world's riskiest sovereign debt. The map uses the prices of credit default swaps, which are...
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Nelson Peltz makes hay in Houston

USA Today - 14 Aug 2015 21:30
Nelson Peltz makes hay in Houston Shares of food distribution company Sysco shot up 7% on Nelzon Peltz's 7% stake          
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Strategies: 7 surefire ways to mess up a start-up Now is a great time to follow your dream and launch your start-up or small business.          
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6 Of The Best Reasons For Declining Investor Funding

The Huffington Post - 14 Aug 2015 06:07
As an angel investor to startups, I'm still surprised to find entrepreneurs who expect investors to give them money, and assume no strings attached. Would you do that if it was your money? If the entrepreneur wants total...
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Goldman Sachs Sells Colombian Coal Mines To Murray Energy

Wall Street Journal - 14 Aug 2015 05:17
Goldman Sachs sold a Colombian mining operation to Murray Energy at a steep loss, marking the bank's exit from the coal business and Murray's international expansion.
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Box CEO Aaron Levie on why China doesn't scare him Box CEO Aaron Levie talks about why China doesn't scare him.          
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