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Business News

Location American Business News for 21 October 2015

Credit Suisse to Launch $6.3 Billion Capital Increase

Wall Street Journal - 21 Oct 2015 09:56
Credit Suisse revealed details of a planned overhaul under its new chief executive, including raising roughly $6.3 billion in new capital, as the Swiss bank delivered a set of disappointing third-quarter results.
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How to Promote Your Restaurant Through Mobile Apps

The Huffington Post - 21 Oct 2015 23:44
How to Promote Your Restaurant Through Mobile Apps There seems to be a new restaurant opening up every other day. Regardless of how big, or small, the place you live in is, there is always a new local grill or chain opening up. So how do you differentiate yourself from e...
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Ackman, Paulson Funds Hit by Scathing Short-Seller Report on Valeant Investors like Bill Ackman (Trades, Portfolio), Ruane Cunniff (Trades, Portfolio) and John Paulson (Trades, Portfolio) took hits to their portfolio today after a company published a damning reporting on one of t...
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Uber's international expansion exec is out, reports say Uber’s senior vice president of international expansion, Niall Wass, is departing after some internal restructuring, Over the summer, much of the company’s international operations were culled into a single departmen...
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Here's What Really Happened at That Company That Set a $70,000 Minimum Wage Dan Price caused an uproar by paying his employees a minimum salary of $70,000. Now he wants to turn that uproar into a revolution.
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Toyota to Recall 6.5M Cars Over Faulty Window Switch The problem means debris can build up and cause a short circuit, which could cause the switch assembly to overheat and potentially lead to a fire.
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Uber CEO says it's 'nowhere near' going public even though Mark Zuckerberg is pressuring him Uber CEO Travis Kalanick says that the on-demand car service is "nowhere near" going public, despite raising more than $5 billion total with a current valuation of $50+ billion. "We're maturing as a company, but we're ...
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Theranos CEO Elizabeth Holmes Punches Back Against The Wall Street Journal Elizabeth Holmes defends Theranos against a scathing Wall Street Journal exposé--while speaking at a WSJ event. When Theranos founder Elizabeth Holmes agreed to be interviewed at the Wall Street Journal's WSJ.D Live con...
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ESPN is cutting about 300 jobs, or 4 percent of staff

News Observer - 21 Oct 2015 17:53
Disney's ESPN is cutting about 300 jobs, or 4 percent of its staff, amid signs that the traditional cable bundle is less far-reaching than it once was. …
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Dell CEO says taking the company private was 'fantastic for me' Fresh off the news of its massive $67 billion buyout of EMC, Dell CEO and founder Michael Dell says he has no regrets about his decision to take the PC manufacturing company private two years ago. On stage at the comp...
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13 simple ways to improve your finances in an hour or less

Business Insider - 21 Oct 2015 17:00
13 simple ways to improve your finances in an hour or less Managing your money successfully to start accumulating wealth doesn't require a financial planner or MBA. In fact, there are several actions you can take today to set yourself up for future financial success — and ma...
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It's crunch time at small businesses preparing for new requirements under the health care law
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GM profit exceeds expectations on strength of North America The company recorded a $575 million charge in the third quarter for ignition-switch fines.          
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Obama Officials Resurrect George W. Bush Deregulation Plan

The Huffington Post - 21 Oct 2015 16:24
Obama Officials Resurrect George W. Bush Deregulation Plan WASHINGTON -- The Securities and Exchange Commission has quietly resurrected a deregulation project from the George W. Bush administration, one with the potential to shift the American economic landscape in favor of big...
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Chipotle shares tumble 7% on disappointing earnings The company reported earnings of $4.59 per share on $1.2 billion in revenue for Q3.          
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$19B chip deal: Western Digital buys SanDisk

USA Today - 21 Oct 2015 16:20
$19B chip deal: Western Digital buys SanDisk Transaction is expected to close during third calendar quarter of 2016.          
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Kenneth Cole on Why Going Private Was the Smartest Thing He Ever Did Shoe designer Kenneth Cole took his company public in 1994, but he took it private again in 2012 so he could re-infuse it with the creativity that made it famous.
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Last year, the federal government helped 8,469 federal employees make a dent in their student loans to the tune of more than $58.7 million.
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Everyday Low Price Prompts Buyout for China's Wal-Mart Wannabe

Wall Street Journal - 21 Oct 2015 09:56
Wumart's privatization bid signals that amid investor doom-and-gloom over China, there are pockets of real value.
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What Future For Luxury?

Forbes - 21 Oct 2015 09:27
What Future For Luxury? The demand for luxury is growing, but the demand for logos is being replaced by the desire for sustainability and discretion, according to the head of a leading luxury hotel chain.
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(Reuters) - Manhattan Attorney Preet Bharara is investigating whether the business model behind daily fantasy sports companies such as DraftKings Inc and FanDuel Inc violates federal law, the Wall Street Journal reported...
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Google Tests Chinese Waters With $300 Million Investment In AI Startup Mobvoi Google is making a comeback in the Chinese market, investing $300 million in artificial intelligence startup Mobvoi. This developing partnership seems to be a sign that Google wants to rebuild its business in China.
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