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Business News

Location American Business News for 24 August 2015
As Minimum Wages Rise, Restaurants Say No to Tips, Yes to Higher Prices A no-tipping policy has already been adopted by a small number of restaurants, with others taking a wait-and-see attitude.
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Why stocks are tumbling 6 years into the bull market

Chicago Tribune - 24 Aug 2015 16:25
Why stocks are tumbling 6 years into the bull market Well, that was fun while it lasted.
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The expected move to free up more funds for lending--by reducing the deposits banks must hold in reserve--is directly aimed at countering the effects of a weaker currency, which could send more funds away from Beijing's ...
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Puerto Rico statehooders see opportunity as woes deepen

Business Insider - 24 Aug 2015 06:05
Puerto Rico statehooders see opportunity as woes deepen MANATI, Puerto Rico (AP) -- Revelers arrived in cars sporting the American flag and wore clothes in red, white and blue as they celebrated the anniversary of Puerto Rico's pro-statehood political party with deafening sal...
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3 Things That Will Eventually Kill Your Business The truth is that you probably won't see trouble coming, because whatever threatens to kill your company in the future is most likely a source of its strength today.
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Why the NYSE Invoked Rarely-Used Rule 48

NBC News - 24 Aug 2015 19:32
Why the NYSE Invoked Rarely-Used Rule 48 The New York Stock Exchange invoked a seldom used mechanism known as Rule 48 to pre-empt panic selling at the stock market open on Monday.
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Body Labs Provides 3-D Models Of Human Body And Tools To Analyze It Investigating a murder is how startup Body Labs got its start, according to the opening sentence from Issie Lapowsky at Wired. Computer vision expert, Professor Michael Black from Brown University, was asked by police to...
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The skid in stock prices may reach into the private markets, damaging fund-raising and valuations for startups of all stripes as venture capitalists shift their investment strategies.
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Oil Prices Plunge More Than 6% As Stocks Drop

NBC News - 24 Aug 2015 16:46
Oil Prices Plunge More Than 6% As Stocks Drop Oil prices plunged sharply lower on Monday amid broader market turmoil.
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Dow down but recovering after massive 1,000-point drop at open U.S. stock markets plunged in early trading Monday following a big drop in Chinese stocks.
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Morgan Stanley Resumes General Motors Company Coverage At Underweight Morgan Stanley analyst Adam Jonas has resumed coverage on General Motors Company (NYSE:GM) with an Underweight rating and $27 price target. The analyst believes the company's current earnings in China might prove to be t...
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What's bad for China is bad for U.S.

USA Today - 24 Aug 2015 16:18
What's bad for China is bad for U.S. China's plunging stock market ricochets around the globe and drags down U.S. stocks.          
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The 6 stocks absolutely crashing the Dow

USA Today - 24 Aug 2015 16:15
The 6 stocks absolutely crashing the Dow The market's pain is being especially hurt by specific stocks          
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The real startup life is brutal.
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Can OPEC Emergency Meeting Stop Crude Oil Decline?

Bidness etc. - 24 Aug 2015 15:51
Can OPEC Emergency Meeting Stop Crude Oil Decline? Following the nuclear deal in July, Iran has restated its commitment to developing its petroleum industry further. It is expected to increase output by 500,000 barrels of oil per day (bpd), once sanctions are lifted, and...
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GUATEMALA CITY (AP) -- President Otto Perez Molina says he won't resign from office despite investigators saying he may have been involved in a customs fraud scandal that has thrown the country into political crisis. Per...
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China Shares Erase Year's Gains

Wall Street Journal - 24 Aug 2015 06:28
China's shares wiped out all of this year's gains, sending Asian markets tumbling, as fears about the deepening effects of a slowdown in the world's No. 2 economy rattle investors across the globe.
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How the Market Rout Is Turning Wall Street Upside Down

Wall Street Journal - 24 Aug 2015 06:09
Market turmoil has Investors flocking to the safety of U.S. treasurys, as many on Wall Street rip up their playbooks for what will work for the rest of 2015.
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An expected $100 million in funding to be directed to cloud-computing software and a related start-up reflects the company's view of its own future.
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Battered China stocks plunged through a key government support level this morning, roiling capital markets around Asia.
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Declines in Wall Street Fuel More Sell-Offs as Asian Shares Plunge The Shanghai Composite Index tumbled 8.8%
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Why Rupert Murdoch Wants Michael Bloomberg to challenge Donald Trump Rupert Murdoch is encouraging Michael Bloomberg to run. Fanciful or a break with politics as we know it?
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