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Business News

American Business News for 15 Nov 2015

Apple Music's rates cut putsApple has $205 billion-plus cash on hand, but the struggling music labels gave its nascent subscription streaming service Apple Music a big financial break. Universal Music owner Vivendi admitted as... much during its earnings call on Wednesday. Digital recorded revenue is up year-on-year in the third quarter, but it fell by $18 million versus the...
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Raising minimum wage wouldLast week's Fox Business Network Republican presidential debate started off with a challenging question about the federally mandated minimum wage. The leading candidates rejected raising it to $15 per... hour, but they could have done a better job explaining the downside of essentially doubling the current rate of pay. It's all about jobs. For starters,...
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Leaving money on the table? Do this, now

USA Today - 15 Nov 2015 17:41
Leaving money on the table? DoWe all lose money unnecessarily. But do you know exactly when, and how?          
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Millennials: How you can avoid credit pain

USA Today - 15 Nov 2015 17:25
Millennials: How you can avoidMore than 7 in 10 millennials feel confident about their credit knowledge, a survey says. But their scores are generally very low.          
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Medium-Size Beer BrewersMedium-sized beer brewers like Heineken, Molson Coors and Carlsberg are under fire from two sides: The behemoth AB InBev and craft brewers.
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  There was plenty of anxiety on Wall Street last week, as investors had many things to digest. First came continuing jitters over the future of Valeant Pharmaceuticals, which cooled off the once hot... healthcare sector. Second came the aftershocks of a strong employment report from the previous week, which raised the odds of an impeding December interest rate hike. Third came a parade of Federal Reserve officials giving their own conflicting assessments of the economy, giving Wall Street the impression of a Federal Reserve divided over the direction of monetary policy. Fourth came a string of disappointing sales reports from major retailers like Macy's, J.C. Penney, and Nordstrom, pointing to a discount war over the Christmas shopping season. Apparently, most investors didn’t digest this...
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Electric execs get charge outThe potential for new technology to cause upheaval for utilities is getting a lot of attention these days.          
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Mattel's new Barbie ad"Wow...That made me change my mind on Barbie." That sentence, posted by a Facebook user in the comments section beneath a new Barbie doll commercial, probably set off celebratory bells in the... advertising department of Mattel, the El Segundo toy maker that has long struggled to do right by modern-day...
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After Outcry, Ireland Adjusts Its Corporate Tax Draw

The New York Times - 15 Nov 2015 12:38
After Outcry, Ireland AdjustsThe country has been accused of acting like a low-tax haven, giving breaks that have attracted international companies. Now Ireland is phasing out some breaks, but adding another.
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Space is not an issue in and around this expansive 6,000-square-foot house near Blue Hills Reservation -- the Globe's Home of the Week.
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SYDNEY/TOKYO
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The government's newAmerica's retirement savings gap is huge, but myRA (my Retirement Account), a new government retirement plan, will do little to reduce it, say advisers reviewing the program. Some praised the attempt... to help millions of Americans start saving for retirement, but believe myRA is inadequate. "It's just too little," says William Jerome, an adviser in...
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When Sen. Bernie Sanders (I-VT) suggested during Saturday's Democratic debate that Hillary Clinton is indebted to Wall Street campaign donors, the former secretary of state responded by invoking her... time as a senator helping Manhattan rebuild after 9/11. When Clinton was asked how she will show that she will not cave to the demands of Wall street donors, she noted that she has proposed an "aggressive plan to reign in Wall Street."
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Airlines continued to operate flights to Paris on Saturday, but the terror attacks in the French capital left tourists and business travelers wondering whether to cancel upcoming trips. …
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Want an open-source deepEarlier this week, Google made a splash when it released its TensorFlow article intelligence software on GitHub under an open-source license. Google has a sizable stable of AI talent, and AI is... working behind the scenes in popular products, including Gmail and Google search, so AI tools from Google are a big deal. Today on […]
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Massive Settlement Coming In For-Profit College Fraud Case

The Huffington Post - 15 Nov 2015 01:59
Massive Settlement Coming InFederal and state prosecutors are poised to announce a settlement with Education Management Corporation, one of the nation's largest for-profit college chains, that would resolve allegations it... defrauded taxpayers out of $11 billion, according to people familiar with the case.  The settlement, which may be announced as soon as Monday, is likely to require Education Management to pay roughly $100 million -- less than 1 percent of the federal student aid the U.S. Department of Justice and about a dozen state attorneys general allege the company fraudulently claimed from 2003 to 2011. Under the False Claims Act, the federal government could recover three times the amount, or $33 billion, plus additional penalties. Meanwhile, former Education Management students who the government says were...
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United Airlines drops $50 fee for hardship refunds

Chicago Tribune - 15 Nov 2015 01:23
United Airlines drops $50 feeUnited Airlines seems to be making strides toward fulfilling a promise by its new CEO to be more customer-friendly by dropping one of its fees and upgrading its coffee. United on Nov. 2 dropped a $50... "processing fee" it charged customers who applied for a hardship refund on nonrefundable tickets...
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The series of coordinated attacks that struck Paris Friday evening may represent a new era of expanded activity for the Islamic State. If the group's claims that it is responsible for the attacks are... true, it would the first time the extremist group has carried out a major attack outside of the Middle East.
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Homes assigned to year-round schools had 1.6% lower sale value Some real-estate agents disagree with study Study: Calendar change can have unintended consequences …
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Manning breaks Favre's career passing yards record

Business Insider - 15 Nov 2015 23:54
Manning breaks Favre's careerDENVER (AP) -- Peyton Manning broke Brett Favre's NFL record for most career passing yards Sunday but not before he was intercepted, sacked and fumbled in the opening minutes. Manning entered the day... with 71,836 yards through the air, 2 shy of Favre's record and tied with Favre with 186 victories. Manning's 4-yard pass to running back Ronnie Hillman set the record. Manning's first pass Sunday was underthrown and cornerback Marcus Peters intercepted it. His league-leading 14th interception helped put the Broncos in an early 7-0 hole. On first down of Denver's second drive, Manning was sacked by Jaye Howard for a 2-yard loss and fumbled. Hillman recovered. ___ AP NFL website: .pro32.ap.org and .twitter.com/AP_NFL Join the conversation about this story »
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Winston's 1-yard TD run lifts Bucs over Cowboys 10-6

Business Insider - 15 Nov 2015 23:52
Winston's 1-yard TD run liftsTAMPA, Fla. (AP) -- Jameis Winston scored on a 1-yard quarterback keeper with 54 seconds remaining, giving the Tampa Bay Buccaneers a 10-6 victory that extended the Dallas Cowboys' longest losing... streak since 1989 to seven games. Jameis Winston shrugged off two interceptions -- the first he'd thrown in a month -- and benefited from a defensive holding call that wiped out his goal-line fumble on the play before he faked a handoff to Doug Martin before circling around right end all alone. The Cowboys (2-7) reached the Tampa Bay 44 following the ensuing kickoff, but Matt Cassel throw to the end zone intended for Dez Bryant was intercepted by Bradley McDougald after the Tampa Bay safety appeared to give the receiver a slight shove in the back. Bryant argued for a pass interference call to no...
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Tesla needs the one thing onlyTesla's position in the burgeoning electric-car market must be incredibly precarious because every new automotive startup — from the mysterious Apple Car to the more mysterious plans of Faraday... Future — is welcomed with a chorus of "Watch out, Tesla!" Tesla's market position is solid right now. True, the company is facing challenges, from perfecting its manufacturing processes to ensuring that it can deliver enough vehicles in 2015 to keep Wall Street happy. But Elon Musk's startup has money in the bank, has just debuted its much-anticipated Model X SUV, has captivated the car-making world with its new Autopilot semi-self-driving feature, continues to see its stock trade at a high level, and has quickly solved a potential management problem by hiring Jason Wheeler from Google to...
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The best smartphones of 2015

USA Today - 15 Nov 2015 23:48
The best smartphones of 2015Android or iOS, there's a great phone for everyone.          
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Averaging Inanimate ObjectsWhenever we look at something unfamiliar for the first time, it's only human nature that we look for the familiar in it. Even given the huge variety of what turns up in the animal kingdom, it's only... natural that we look for one of the most universal attributes in what we see: the appearance of a face.
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The New York Stock Exchange will hold a minute of silence Monday for the victims of last week's terrorist attacks in Paris. The trading floor will fall silent from 9:25 to 9:26 a.m. before the usual... opening bell at 9:30 a.m. EST, the exchange said in an email to the Wall Street Journal.
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