Business News
As Oil Keeps Falling, Nobody Is Blinking
Wall Street Journal - 7 Dec 2015 06:21
The standoff between major global energy producers that has created an oil glut is set to continue next year in full force, as much because of the U.S. as of OPEC.
Icahn throws wrench in Bridgestone's Pep Boys deal
Chicago Tribune - 7 Dec 2015 20:10Amazon Gets Own Trailer Fleet for Warehouse Deliveries
NBC News - 7 Dec 2015 18:57
Amazon.com is getting into the delivery game itself, the company announced on Friday.
China's budget airlines spread wings, add routes
Reuters - 7 Dec 2015 09:32
BEIJING/SINGAPORE
Uber is still blocked on WeChat in China -- and the situation is getting worse
Venture Beat - 7 Dec 2015 09:06
Tencent has blocked ridehailing app Uber — and other accounts that are promoting it — on its popular mobile messaging app WeChat that now has around 600 million monthly active users. (Some 200 million have credit car...
A 'phantom menace' superbug is on the rise in the US
Business Insider - 8 Dec 2015 01:49
AP Instances of a threatening superbug that scientists are calling the “phantom menace” are rising in the US, officials reported Thursday. This particular strain of bacteria is a type of Carbapenem-resistant Enteroba...
Threshold Pharmaceuticals' stock plunges after drug trial disappoints
Market Watch - 7 Dec 2015 20:04
Theshold Pharmaceutical's stock plunges on heavy volume to an seven-year low after two late-stage trials of its cancer treatment failed to meet their primary endpoint.
How Coca-Cola Left A Bad Taste In Many Mouths
inc - 7 Dec 2015 05:24
An ad in which pretty white people travel to a remote Mexican village to bring them a Coke (and a wooden Christmas tree) shows a peculiar myopia.
K-Cup maker Keurig to be taken private for $13.9 billion
Reuters - 7 Dec 2015 19:59
(Reuters) - Keurig Green Mountain Inc, the maker of K-Cup single-serve coffee pods, said on Monday it would be bought by an investor group led by Germany's JAB Holding Co (JAB) for about $13.9 billion, creating a global ...
Two Standouts in Oil & Gas Equipment
Barron's - 7 Dec 2015 20:43
Weatherford International and Patterson-UTI have been strongly outperforming since third-quarter reports.
Icahn builds approximately 12 pct stake in Pep Boys
Miami Herald - 7 Dec 2015 19:11
Carl Icahn has amassed a roughly 12 percent stake in Pep Boys , and the auto parts and repair company says the activist investor is interested in its retail business, a development that stirs concerns about a separate bu...
Oil and gas companies lead an early decline in U.S. stocks
L.A. Times - 7 Dec 2015 18:53
Oil and gas companies are leading an early decline in U.S. stocks as the price of crude takes another tumble. Consol Energy and Chesapeake Energy each fell 9 percent in early trading Monday. Chipotle Mexican Grill droppe...
EU, Ukraine to introduce trade pact despite Russian threats
News Observer - 7 Dec 2015 18:52
The European Union and Ukraine say they will introduce a free trade pact next month as planned despite Russia's threat to take retaliatory trade action if its concerns aren't addressed. …
What comes next for European tech IPOs?
Venture Beat - 7 Dec 2015 06:07
ANALYSIS: European tech IPOs have always been few and far between, but lately there's also been a trend of major players announcing, then postponing listings. What gives?
Media mogul Redstone gets encouragement from friend turning 90
Reuters - 7 Dec 2015 05:07
BROOKLINE, Mass.
2 New Natural Gas Facilities Proposed for Louisiana
ABC News - 7 Dec 2015 21:33
2 new large natural gas exporting facilities proposed for Louisiana, along Mississippi River
Chipotle shares down after sales warning linked to E. coli
Miami Herald - 7 Dec 2015 19:58
Chipotle shares continued to fall Monday as the chain faces the first decline in a key sales figure after an outbreak of E. coli linked to its restaurants. …
Clinton offers new 'exit tax' on US-foreign company mergers
Miami Herald - 7 Dec 2015 19:53
Hillary Clinton on Wednesday will unveil a proposal for a new "exit tax" aimed at cracking down on corporate inversions, a practice that permits U.S. companies to merge with corporations overseas to lower their tax bill....
Futures Movers: Oil plunges toward a 7-year low
Market Watch - 7 Dec 2015 19:50
Oil futures keeps sliding in the aftermath of the Organization of the Petroleum Exporting Countries's decision to keep crude production running at current levels.
Anger over Cadbury tax avoidance
BBC - 7 Dec 2015 19:19
The union representing workers at Cadbury's chocolate factory reacts with anger as its parent company has not paid UK corporation tax.
Currencies: Dollar gains as crude oil's decline weighs on currencies
Market Watch - 7 Dec 2015 19:12
The dollar rises as the euro unwound more of last week's gains and falling crude-oil prices dragged commodity-linked currencies lower.
U.S. Stocks Open Lower as Oil Keeps Sliding
Wall Street Journal - 7 Dec 2015 19:02
U.S. stocks opened lower Monday, giving up some of Friday's big gains, while oil prices continued to slide.