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Business News

Location American Business News for 27 August 2015
FTC shuts Vemma 'pyramid' scheme that used college kids Students returning to college campuses this week will have to find a new energy drink -- and another way to get a BMW. Federal regulators raided the Tempe, Ariz., headquarters...
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US Stocks Rise After Chinese Market Surges

ABC News - 27 Aug 2015 16:22
US stocks gain after Chinese market surges, US economy grows faster than thought
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'The Witcher 3' Sold 6 Million Copies In Its First 6 Weeks According to CD Projekt RED, The Witcher 3 managed to sell over 6 million copies in its first 6 weeks since launch. That is a remarkable figure, especially considering its relatively meager budget for an open world game.
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In my experience mentoring new entrepreneurs and aspiring business leaders, I see far too many who seem to be driven by all the wrong reasons. Everyone seems to espouse extrinsic motivations, such as getting rich, having...
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Concerns about the Chinese economy have mounted in recent months, amid lower growth forecasts (below 7% for 2015), industry overcapacity, slowing exports and the ongoing decline in the stock market. The country’s solar...
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Tiffany Q2 Sales Down 2%, Earnings Fall 16%

Forbes - 27 Aug 2015 16:25
Tiffany Q2 Sales Down 2%, Earnings Fall 16% The luxury jewelry retailer now expects net earnings for the year to be 2 percent to 5 percent lower than the prior year.
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(Reuters) - Drugmaker Abbott Laboratories , knocking down a report in the Financial Times, denied on Thursday that it was preparing a bid for medical device maker St Jude Medical Inc .
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Why IRS Telephone Scamming Works

Forbes - 27 Aug 2015 16:11
Why IRS Telephone Scamming Works One of the strangest phenomena in the tax news of late is the scam in which people are called and persuaded to transfer money to people pretending to represent the IRS.  J. Russel George, the Treasury Inspector General ...
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China's Oil Giants Don't Fit Into Cheap-Oil World

Wall Street Journal - 27 Aug 2015 16:08
PetroChina, Sinopec and Cnooc's latest results show China's oil giants are still spending too much.
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Barclays lawsuits triggered by 'Flash Boys' book just got thrown out of court Barclays has one less thing to worry about. On Wednesday, a judge in New York dismissed a series of lawsuits alleging the bank's so-called dark pool – a private trading system that allows clients to buy and sell share...
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Dalian Wanda Commercial Prosperities, the flagship listed real estate business of Asia’s richest man Wang Jianlin, said net profit in the first six months of 2015 rose by 4.6% to 21 billion yuan, or $3.3 billion, from ...
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Asian Stocks Rise After Wall Street Rebounds Analysts said there are probably more roller-coaster days ahead
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Animal rights activists accuse McDonald's chicken supplier of clubbing birds to death McDonald's says abuse depicted in video taken at Tennessee chicken farm is "unacceptable."          
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Finding the hidden dragons in eastern Europe

MoneyWeek - 27 Aug 2015 17:34
Forget the Brics and the Asian Tigers - the beasts sitting on the largest hoards of treasure are to be found in eastern Europe, says Jonathan Compton. The post Finding the hidden dragons in eastern Europe was first publi...
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Market Turmoil Seen Spurring China Property Purchases Abroad

Wall Street Journal - 27 Aug 2015 16:34
Instability drives Chinese to seek havens in global real-estate investments, as Australia worries about overheated market.
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BuzzFeed partners with GroupM, world's largest buyer of online ads BuzzFeed, the fast-growing media site, and GroupM, the world's largest buyer of online advertising, announced a partnership Thursday that underscores the rising lure of digital publishing to leading brands.
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S&P 500 Analyst Moves: GOOG

Forbes - 27 Aug 2015 18:05
The latest tally of analyst opinions from the major brokerage houses shows that among the components of the S&P 500 index, Google (GOOG) is now the #2 analyst pick, moving up by 1 spot.
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A Rental Named Desire

IBTimes - 27 Aug 2015 13:36
The beginning of the end of Desi Grimes' life in a New Orleans subdivision started with running the washing machine one night. The secretary and mother of four awoke in the morning to find water pooling in the den, colle...
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Best Buy Becomes a Cash-Return Story

Barron's - 27 Aug 2015 12:18
Best Buy Becomes a Cash-Return Story The retailer's product trends remain healthy and company-specific initiatives are driving strong market-share gains.
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(Reuters) - Wal-Mart Stores Inc said it will bring forward its holiday layaway program by two weeks, as the world's largest retailer hopes to get a jump on year-end demand and fuel sales of soon-to-be-launched Star Wars ...
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Walmart using 'Star Wars' to start Christmas push in August The weather is still hot-hot-hot, but Walmart is ready to ho-ho-ho. The discounter will kick off its Christmas marketing plans on Friday with a Toy Week that will feature plenty...
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HONG KONG (AP) -- Chinese property and cinema giant Dalian Wanda Group says it's buying the company that owns the Ironman triathlon brand and race series. Wanda said in a statement Thursday that it's paying $650 million ...
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