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Business News

Location American Business News for 24 November 2015

Fast food giants back on track with big quarter sales

New York Post - 24 Nov 2015 04:33
Fast food giants back on track with big quarter sales The burger giants are back. For the first time in years, the Big Three fast-food burger chains -- McDonald's, Burger King and Wendy's -- are all on track to post same-store sales growth of at least 3 percent this quarter...
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J.P. Morgan Warns It Could Unplug Quicken and Quickbooks Users

Wall Street Journal - 24 Nov 2015 18:23
J.P. Morgan plans to disable customers' access to their bank-account information through software designed to help manage their personal finances unless the customers take steps to confirm their identity with the bank.
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Gig marketplace Shiftgig closes $22M to grow in North America Marketplace for short-term jobs Shiftgig announced today that it raised a $22 million series B round. Renren led the round, while Chicago Ventures, DRW Venture Capital, and others followed. Shiftgig aims to connect emplo...
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iOS downloads soar 25% higher in October for popular apps even as advertising costs rise Sales of the iPhone 6S drove a spike in popular free iOS daily downloads in October, with consumers installing a total of 7.9 million popular apps, according to that month’s Fiksu Indexes, released this morning. Downlo...
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What is the Experience Economy, Should your Business Care? Today's consumers are a digital bunch, and that's an understatement if ever one existed. We're constantly searching, communicating, and checking in. Each action we take, whether we're on our mobile device of choice or at...
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3 tips for shopping on Black Friday, according to Google When Black Friday starts to roll around, every company wants to jump on the bandwagon, including tech firms. Google is no exception, though this time it’s trying to differentiate itself by sharing more than just a list...
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China Takes a Smoother Path to Currency Devaluation

Wall Street Journal - 24 Nov 2015 10:53
Unlike when it engineered a yuan plunge that scrambled world markets over the summer, Beijing is letting the air out just a little bit at a time.
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Amazon Pays for Nazi Symbols on NYC Subways The retail giant becomes another company that gets burned in a Nazi-themed promotion.
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Falling Metals Prices Pressure Asian Mining Shares

Wall Street Journal - 24 Nov 2015 06:07
A slide in commodities prices pressured Asian resources shares Tuesday, as investors in the region also try to navigate global central banks' split approaches to monetary policy.
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A Reuters/Ipsos poll finds shoppers are willing to wait until closer to Christmas for deeper discounts, Fred Katayama reports. Video Transcript:
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Activist Investors Display a Lighter Touch

Wall Street Journal - 24 Nov 2015 22:16
Some of Wall Street's most aggressive investors are taking on a gentler role: friend to companies in transition.
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What Will Keep Palo Alto Networks Secure

Wall Street Journal - 24 Nov 2015 22:11
Most favored among cybersecurity firms, Palo Alto Networks can't afford to slow down.
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Noteworthy Tuesday Option Activity: HON, WYNN, AVGO Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Honeywell International, Inc. (NYSE: HON), where a total volume of 10,860 contracts has been traded thus fa...
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Snapchat Doing Ads Wrong As Prices Drop From $700,000 To $100,000: Report Snapchat lowers its entry price for ad placement to get more brands to ink a deal, but dropping from $700,000 to $100,000 won't exactly garner many advertisers.
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More Capital Punishment for Big Banks

Wall Street Journal - 24 Nov 2015 22:59
Raising the 'stress test' capital bar puts even more pressure on giant banks to shrink.
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Retail Needs A 'Christmas Miracle'

Forbes - 24 Nov 2015 22:18
Retail Needs A 'Christmas Miracle' Retail is a very choppy sector. If you trade it, you must have a strong stomach.
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Inside A Family Turkey Farm

Forbes - 24 Nov 2015 21:51
85% of the turkeys that Americans will consume on Thanksgiving have been in a freezer since April. But the other 15% of turkeys, like those on Lee’s Turkey Farm, had a good few months up until early last week.
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Excess supply takes sheen off government bonds

livemint.com - 24 Nov 2015 21:41
Excess supply takes sheen off government bonds Heavy supply via weekly auctions under the government's market borrowing programme is outstripping demand from investors and driving yields up
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Deere Results Likely Still Stalling -- Ahead of the Tape

Wall Street Journal - 24 Nov 2015 21:38
Falling farm incomes and the depressed agricultural-equipment industry don't bode well for Deere's quarterly results.
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LGI Homes And TopBuild: Two Ways To Play The Housing Recovery In The Stock Market With household formation at 1.3 million households formed this quarter and brand new data from S&P/Case-Shiller showing that home prices increased in September, all signs are pointing to a housing recovery that is alive ...
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Tuesday Sector Laggards: Healthcare, Financial The worst performing sector as of midday Tuesday is the Healthcare sector, showing a 0.3% loss. Within the sector, Patterson Companies Inc (NASD: PDCO) and Biogen Inc (NASD: BIIB) are two large stocks that are lagging, s...
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Tuesday Sector Leaders: Energy, Materials

Forbes - 24 Nov 2015 21:31
Tuesday Sector Leaders: Energy, Materials The best performing sector as of midday Tuesday is the Energy sector, higher by 2.4%. Within the sector, Marathon Oil Corp. (NYSE: MRO) and Helmerich & Payne, Inc. (NYSE: HP) are two large stocks leading the way, showing...
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