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Business News

Location American Business News for 20 October 2015

New 'Star Wars' trailer on 'Monday Night Football,' online

Business Insider - 20 Oct 2015 05:16
New 'Star Wars' trailer on 'Monday Night Football,' online LOS ANGELES (AP) -- The Giants/Eagles game took a backseat to "Monday Night Football's" main event -- the halftime premiere of a new "Star Wars: The Force Awakens" trailer. It also went online moments after. The 2:35 min...
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Stocks edge lower in early trade; IBM weighs on Dow average U.S. stocks drifted between small gains and losses in morning trading Tuesday as investors pored through some weak company earnings reports and the latest deal news. Health care stocks were among the biggest decliners. T...
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Germany's largest lender Deutsche Bank AG mistakenly sent $6 billion to an American hedge fund client in June, Financial Times reported Monday. The error, which was resolved in a day, brought the investment bank's operat...
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British bank Barclays PLC agreed to pay $325 million to resolve two lawsuits related to the sale of residential mortgage-backed securities (RMBS) to now-defunct credit unions in the United States. The bank said it contin...
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Hotel Operators Ready to Rumble Over Upgrades

Wall Street Journal - 20 Oct 2015 20:37
Two of the world's biggest hotel operators, Hilton and Marriott, are about to compete for hotel owners who want to spend less money upgrading their properties.
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(Reuters) - Amazon.com Inc said it is creating 100,000 seasonal jobs across its network of fulfillment and sortation centers in the United States to meet increased customer demand during the holiday season.
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In 1987, the IRS issued Revenue Procedure 87-24, which set forth the administrative appeals process for cases filed at the Tax Court. Almost thirty years later, noting increased litigation volume and agency reorganizatio...
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US government reveals 'damning' evidence in Libor scandal This "Libor bitch" could get leashed. The US government unveiled its most damning evidence so far against two ex-Rabobank traders in Manhattan federal court on Monday, including chats, e-mails and...
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If You Want to Grow, You Need to Stop Selling

The Huffington Post - 20 Oct 2015 19:44
If You Want to Grow, You Need to Stop Selling In the Business to Business setting, the traditional art of selling is dying. The old techniques are no longer effective. Yet, most continue down this path, presenting limited offers, specials and hot deals. The fact is,...
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Twitter hires New York Times editor at large for its Moments channel One week after announcing major layoffs, Twitter is hiring New York Times editor at large Marcus Mabry to help develop editorial direction for its new Moments section. Could not be more excited to join the team at @twitt...
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Most U.S. states reported jobs losses in September as slowing growth has weighed on hiring nationwide in the past two months. …
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The Uber of Farm-to-Table: Meet Farmigo

inc - 20 Oct 2015 17:30
The Uber of Farm-to-Table: Meet Farmigo Founder Benzi Ronen says the company's minimal infrastructure and emphasis on community engagement makes it unique among food delivery startups.
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Though he’s often referred to as “The Superman of Stocks”, Paul Scolardi’s superpowers are all self-made. A veteran stock trader of 17 years, Scolardi is known for his preternatural ability to spot momentum befor...
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China Delivers More Problems For Steel

Wall Street Journal - 20 Oct 2015 16:38
Tata Steel has announced closures and job losses in the U.K. The long-awaited revival in European steel remains a distant prospect.
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How one Israeli investor overcomes fears and continues to invest in games The organizers of Casual Connect Tel Aviv paid my way to Israel. Our coverage remains objective. TEL AVIV, Israel — Investors are still afraid of investing in games because they don’t know how to pick hits. But one I...
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Yum Brands plans to spin off China business

L.A. Times - 20 Oct 2015 16:22
The owner of KFC, Pizza Hut and Taco Bell plans to spin off its China business into a separate, publicly traded company. Shares of Yum Brands Inc. gained 4 percent in morning trading Tuesday. Yum Brands has had trouble w...
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Stocks edge lower; IBM weighs down Dow

L.A. Times - 20 Oct 2015 16:17
Stocks edge lower; IBM weighs down Dow U.S. stocks edged lower in early trading on Tuesday as investors pored through some weak company earnings reports. Technology stocks were among the biggest decliners. The market is coming off a three-day winning streak. ...
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Google backs new wind farm in Kenya as its investment in clean energy tops $2B Google is expanding its investment in green energy through a new wind project in Kenya. In total, the company has invested $2 billion in clean energy initiatives. Today, the company pledged to purchase a stake in the Lak...
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Apple Music sheds millions of users after free trial period Millions of early adopters who signed up for Apple Music dropped the service after the free trial period ended, the company revealed late Monday. Apple CEO Tim Cook said it...
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Mixed earnings reports cool Dow's advance as stocks open lower IBM lowers 2015 forecast but Verizon, Travelers and United Technologies all top estimates.          
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Insider Selling: Apple Inc (AAPL), Tesla Motors Inc (TSLA) and LinkedIn Corp (LNKD) Bidness Etc talks about the recent insider selling at Apple Inc. (NASDAQ:AAPL), Tesla Motors Inc (NASDAQ:TSLA), and LinkedIn Corp (NYSE:LNKD ). The financial details of each sale are given below:
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Brazil Pension Crisis Mounts as More Retire Earlier, Then Pass Benefits On Some Brazilians manage to collect multiple pensions totaling well over $100,000 a year, and other loopholes like the "Viagra effect" wreak havoc on the system.
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