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Business News

Location American Business News for 28 September 2015

Whole Foods cutting 1,500 jobs

USA Today - 28 Sep 2015 17:50
Whole Foods cutting 1,500 jobs The grocery chain is cutting 1.6% of its workforce          
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Silicon Valley Lawyer, Gary Reback, Takes Antitrust Fight to Europe Gary Reback, who persuaded the federal government to bring a case against Microsoft in the 1990s, is now pursuing a case against Google.
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Asian Shares Mostly Down; Singapore Enters Bear Market

Wall Street Journal - 28 Sep 2015 07:02
Japanese shares led Asian markets lower Monday, as investors reconsidered the prospects for further monetary easing, while stocks elsewhere mostly fell as evidence of China's slowdown continues to build.
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Michel Platini's Explanation Of $2M Payment From FIFA Should Leave Us All Incredulous Platini has to either convince everyone that he was (a) naively patient for nine years as he awaited payment or (b) an innocent ?victim? duped into accepting nearly $2M!
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There are two very simple reasons why things go wrong in some of the world's biggest listed companies, says Merryn Somerset Webb. The post Why the VW scandal happened, and why it will happen again was first published on ...
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How Some Investors Get Special Access to Companies

Wall Street Journal - 28 Sep 2015 06:22
In meetings with top executives, facts and body language flow from public companies to handpicked recipients.
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Billionaire Carl Icahn attacks 'entitled' 1-percent in video Billionaire shareholder activist Carl Icahn is now the latest to attack the 1 percent. "I'm saying the wealthy, the elitists, are a little oblivious to the problems" facing the country,...
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15 Tips We Can Learn as Entrepreneurs from Shark Tank Like the rest of the country, many entrepreneurs have latched onto Shark Tank. The tips shared by some of business's most successful investors can be invaluable to an entrepreneur launching a startup, seeking funding for...
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Investors Pull Back From Junk Bonds

Wall Street Journal - 28 Sep 2015 06:23
A decline in investors' appetite for high-yield bonds poses a threat to the merger boom.
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Now with 2.5M advertisers, Facebook targets TV budgets with new ad-buying offering Facebook is gearing up to release four updates designed to give brands better tools and create what it hopes will be a great ad experience for viewers. Among these changes include mobile polling, supporting videos in the...
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U.S. Commerce Chief Heading to Cuba for Talks

The New York Times - 28 Sep 2015 23:35
U.S. Commerce Chief Heading to Cuba for Talks Commerce Secretary Penny Pritzker will conduct the first high-level negotiations since the White House announced normalizing relations with Cuba.
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If you've ever left a negative review of a company online, you might be pleased to hear that federal regulators have your back.In a lawsuit filed Monday, the Federal Trade Commission accused a Florida-based firm not only...
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US stocks drop in early trading amid ongoing worries about the outlook for growth in China
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A Successful VC and Founder Says Intuition Is Everything Successful Spanish VC and founder Iñaki Arrola says intuition is everything. Arrola has had a few successes founding automotive startups, including coches.com, a classifieds site responsible for changing the car market ...
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These VCs Bet $100 Million On Ideas With A Liberal Arts Twist Most venture capitalists like to back people with deep software engineering backgrounds. At Xfund, Patrick Chung prefers founders with a liberal arts twist.
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The enforcement of rules meant to reclaim compensation paid executives whose companies had to restate financial results has been virtually nonexistent.
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VW's Financing Costs Rise

Wall Street Journal - 28 Sep 2015 03:50
VW faces higher financing costs and a strain on its ability to offer loans to boost sales amid an unfolding emissions scandal, which is rippling through all aspects of the auto maker's business.
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Crunchtime for Global Tax-Avoidance Push

Wall Street Journal - 28 Sep 2015 01:43
Nearly 50 governments are set to agree this fall to a new set of rules to clamp down on tax avoidance among multinational corporations. Their chance of success, however, is unclear.
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Just months after giving Jared Allen $11.5 million, the Bears traded him away for almost nothing The Chicago Bears have traded star defensive player Jared Allen to the Carolina Panthers just one season after signing him to a $32 million contract and just months after giving him an $11.5 million bonus. Jay Glazer of...
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Your old Facebook posts might be exposing your phone number Usually, if you get a text message or call from an unsaved number, you have two choices: 1. Hope that you can Google the number and figure out who it was that way, which almost never works. 2. Swallow your pride and admi...
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Durant back, Oklahoma City Thunder set sights on NBA title

Business Insider - 28 Sep 2015 23:59
Durant back, Oklahoma City Thunder set sights on NBA title OKLAHOMA CITY (AP) -- Kevin Durant couldn't help himself. While recovering from surgery on his broken right foot, the Oklahoma City Thunder star put himself through the agony of watching Golden State win the NBA title. T...
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