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American Business News for 20 Aug 2015

Meet the small-timeScore one for the little guy. Ben Axler, who runs the small $15 million Spruce Point Capital hedge fund, faced off against big-name activists when he shorted ATM-maker NCR --...
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U.S. stocks traded sharply lower Thursday morning, with the Dow Jones Industrial Average plunging 200 points after oil prices tumbled to near $40 a barrel. The S&P 500 turned negative for the year... after all 10 sectors traded lower, led by a 1.5 percent decline in financial stocks.
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A cloudy outlook on the timing of a rise in U.S. interest rates helped drive stocks lower in Asia on Wednesday.
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Should All Businesses Have Trusted Advisors?

The Huffington Post - 20 Aug 2015 06:51
Should All Businesses HaveIt's been a few months since Dan Price, the 31-year-old CEO of Gravity Payments, unveiled a controversial plan to pay even the most junior employees on his 120-person staff a minimum salary of... $70,000. And while it's too soon to tell if the plan will succeed long-term, the response to it was immediate and overwhelming. It's been reported that the salary spike has led to both positive and negative outcomes at the company. On one end, many employees are pleased with their salary increases, and the publicity brought in new business and job applications. On the other, two of Price's most valued employees quit because they resented receiving much smaller raises then some new hires in order to accommodate the new plan; and some clients who were either concerned about rate increases or viewed the...
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California prosecutors saySAN FRANCISCO
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Stocks beat earnings estimatesFifteen of the 30 companies whose stocks make up the Dow Jones industrial average beat the earnings estimates of Wall Street analysts in the recently completed second quarter. But of...
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Is Ashley Madison IPO doomed because of leak?

New York Post - 20 Aug 2015 03:51
Is Ashley Madison IPO doomedIf you're looking to take your business public, you'd better first learn how to keep it private. That's the hard lesson for Ashley Madison as stolen data about its adulterous...
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Union Takes a McDonald's Challenge Overseas

The New York Times - 20 Aug 2015 03:11
Union Takes a McDonald'sA union-led effort to raise wages at the fast-food chain is taking its campaign abroad, hoping to bring further pressure on the company.
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Twitter shares fall below IPO price

USA Today - 20 Aug 2015 21:11
Twitter shares fall below IPOShares of Twitter tumble below initial IPO of $26.          
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A new start-up is attempting to take caffeine vapourisers through the same growth model as the one that took Five Hour Energy from an obscure product to ubiquity seemingly overnight.
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Endowments, pensions, foundations like the funds' ability to quickly and easily gain access to indexes or commodities not easily investible.
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Gold futures rise sharply for a second straight day, getting a lift from dovish Federal Reserve minutes as sliding global stock markets increase the metal's safe-haven appeal.
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The economy is sluggish as effects of the financial crisis linger, writes Cullen Roche.
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NEW YORK (TheStreet) --It's probable that come the end of the year The Walt Disney Co. stock will get a boost thanks to the much anticipated release of Star Wars: Episode VII, the latest sequel in... George Lucas' cultural phenomenon movie franchise. The possible jump Disney may receive will depend on whether or not the film is successful. Disney will have a lot of hardcore Star Wars fans to impress come December 18. However, the film is already expected to become the third highest grossing movie of all time, with a global box office forecast of over $1 billion. Disney is also planning some major overhauls to its U.S. parks, The Walt Disney World Resort in Orlando, FL. and Disneyland in Anaheim, Calif., will be taken to a galaxy far, far away as construction begins for a Star Wars themed...
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Is Refugee Labor the New Fair Trade Issue?

The Huffington Post - 20 Aug 2015 16:17
Is Refugee Labor the New FairFair Trade refers to just compensation for farmers and workers who produce the ingredients we enjoy in various products. With a Fair Trade label, consumers can identify which products were produced in... an ethical manner. The main goal of Fair Trade certified products is to encourage the economic growth of disadvantaged communities in developing countries and to improve the quality of life for farmers, workers and their families. It's conscious consumerism, because buying Fair Trade products makes you aware of the origins of the products you buy. What if those farmers and workers are brought here? The U.S. Department of Commerce designated 12 Manufacturing Communities to receive portions of a $1 billion fund. Some of those communities just so happen to be the recipients of an influx of...
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How the Mobile Gaming IndustryThe last time you waited for a drink at Starbucks, what did you do to pass those under-caffeinated two minutes before your name was called?
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This Is What It Really Costs To Own A Dog

The Huffington Post - 20 Aug 2015 16:11
This Is What It Really CostsYou can't put a price on love, especially when it comes to the love of a dog. But if you had to put a price on it, dog-boarding company Rover estimates that adopting a new pooch typically costs... owners $2,858 in the first year. Ruff!  The Rover infographic below takes into account expenses including a dog's initial adoption fees, vaccinations, monthly food bills, vet visits and chew toys. The company says it looked at different breeds, states and veterinary options to determine estimates; they figure owners will spend $75 on canine costs per month.  Keep in mind that while this figure can be the very real cost of initially getting (and keeping) a dog, the infographic below is simply an estimate. We suggest looking at it as a way to budget and plan for getting a dog -- a future best...
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J.P. Morgan Names Former Army Chief of Staff as Adviser

Wall Street Journal - 20 Aug 2015 16:11
J.P. Morgan said it has brought on Gen. Raymond T. Odierno, the recently retired chief of staff of the Army, as a senior adviser to the firm.
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NEW YORK (TheStreet) -- Sears badly wants investors to believe it's on the comeback trail, but there are three key numbers that suggest otherwise. On Thursday, the beleaguered department store... retailer boasted that it actually swung to a profit in the second quarter from an ugly loss a year ago. Reported net income was $208 million, improved from a $573 million loss a year earlier. Investors were initially happy about the results, sending shares up about 2.8% in pre-market trading on Thursday, but were down over 3% after the market opened. Must Read: 8 Stocks Warren Buffett Is Selling But, as Sears pointed out, there was about $464 million in income from "significant items" that boosted net income for the quarter. Excluding those items, Sears reported a net loss of $256 million, just...
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The 10 Highest-Paying Jobs in America

The Street - 20 Aug 2015 10:00
NEW YORK (TheStreet) -- Looking to make a lot of money and willing to put in long hours and years of schooling (and likely high student debt) for it? These 10 professions are the highest-paying jobs... in America. Not surprisingly, medical professions are some of the highest paying jobs, but a few others, such as a petroleum engineer and data scientist, are also extremely lucrative, according to job search portal CareerCast's in its 2015 list, released Thursday. The top 10 list was culled from the 200 jobs included in CareerCast's annual "Jobs Rated" report, which ranks jobs across North America based on analysis of specific careers factors. Annual median wages are culled from the U.S. Bureau of Labor Services as well as CareerCast's own methodology. The growth outlook is tracked over a...
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Why Your 401K Is A Scam!

The Huffington Post - 20 Aug 2015 06:46
Why Your 401K Is A Scam!I hate writing about finance. The most violent, ugly people in the world work in the traditional finance industry. I write something and instead of responding with a well-reasoned argument, they write... things like "James Altucher is a wacko" or "James Altucher is a scumbag". I've written for or appeared on the Wall St Journal, the Financial Times, CNBC, Fox Business, ABC, and many other finance sites. I've run hedge funds, funds of hedge funds, I've day traded, i've run a VC fund. I see what happens inside the system. It's ugly. And they don't like you. Almost 100% of financial journalism is BS, written by people who don't know anything about finance. Almost everyone writing in the finance world has an agenda. For instance, the last time I wrote about why a house is a bad thing to buy,...
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Why some of Hollywood'sBillionaire hedge-fund mogul Paul Singer isn't making any friends in Hollywood. Singer's Manchester Securities, a major creditor of bankrupt Relativity Media, asked a judge on Wednesday to block... roughly $28...
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Glencore Reports Loss, Warns on Trading Profit

Wall Street Journal - 20 Aug 2015 05:30
Glencore swung to a steep first-half loss, hit by price falls in the raw materials it extracts and lower profit from the trading business that was supposed to cushion it against a commodities-market... rout.
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Divided Fed Puts Yellen on Hot Seat

Wall Street Journal - 20 Aug 2015 05:09
The Federal Reserve faces a potential cliffhanger about whether to raise interest rates at its September meeting, a decision that will test Chairwoman Janet Yellen's ability to lead an uncertain... policy-making committee.
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Analysts: Likelihood of U.S. Oil at $30 Increasing

Wall Street Journal - 20 Aug 2015 04:06
As U.S. oil fell to a new six-year low below $41 a barrel, an increasing number of analysts and traders are saying prepare for crude dipping into the $30s, and soon.
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