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Business News

Location American Business News for 7 December 2015

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.
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Icahn throws wrench in Bridgestone's Pep Boys deal

Chicago Tribune - 7 Dec 2015 20:10
Icahn throws wrench in Bridgestone's Pep Boys deal Billionaire investor Carl Icahn has thrown a wrench in Japanese tire giant Bridgestone's plan to buy Pep Boys' auto parts and maintenance stores. Icahn, 79, disclosed in a Securities and Exchange Filing Friday that he ow...
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Amazon Gets Own Trailer Fleet for Warehouse Deliveries Amazon.com is getting into the delivery game itself, the company announced on Friday.
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BEIJING/SINGAPORE
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Uber is still blocked on WeChat in China -- and the situation is getting worse 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...
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A 'phantom menace' superbug is on the rise in the US

Business Insider - 8 Dec 2015 01:49
A 'phantom menace' superbug is on the rise in the US 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...
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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.
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How Coca-Cola Left A Bad Taste In Many Mouths 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.
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(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 ...
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Two Standouts in Oil & Gas Equipment

Barron's - 7 Dec 2015 20:43
Two Standouts in Oil & Gas Equipment Weatherford International and Patterson-UTI have been strongly outperforming since third-quarter reports.
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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...
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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...
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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. …
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What comes next for European tech IPOs?

Venture Beat - 7 Dec 2015 06:07
What comes next for European tech IPOs? 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?
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BROOKLINE, Mass.
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2 new large natural gas exporting facilities proposed for Louisiana, along Mississippi River
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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. …
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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....
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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.
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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.
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The dollar rises as the euro unwound more of last week's gains and falling crude-oil prices dragged commodity-linked currencies lower.
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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.
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