Business News
Consumers likely aren't yet seeing the benefits of new chip and pin credit cards
Business Insider - 8 Dec 2015 06:04
Wikimedia Commons You’ve probably received a newfangled chip card that offers better protection against ID theft when used in a store. Too bad most stores aren’t accepting them yet. Three-quarters of retailers haven�...
OPEC's price war is crushing American producers
Business Insider - 8 Dec 2015 07:03
REUTERS/Faisal Al Nasser OPEC’s decision at its semi-annual meeting in Vienna on Friday not to cut production but to legitimize its overproduction shows that the group is determined at any cost to recover the market sh...
OPEC Won't Cut Drilling, and Prices Plunge 5%
The New York Times - 8 Dec 2015 05:27
A variety of factors is behind the price drop, analysts say, but OPEC's decision on Friday not to tinker with its output, which is now at near-record levels, sent prices into a collapse.
No reason for wild optimism in tea industry
livemint.com - 8 Dec 2015 23:36
Current tea price and output trends do not show enough reasons to support a surge
Ford continues sales momentum in China in November
USA Today - 8 Dec 2015 07:46Rate hike flies in the face of a bad job market
New York Post - 8 Dec 2015 06:51
The consensus is now in: The Federal Reserve will raise the interest rate -- just a little -- at its meeting next week. In today's column and in Thursday's, I'm going to give you some fun facts and bold predictions about...
Will Tim Cook Empty Out Apple's ATM?
Forbes - 8 Dec 2015 05:43
Apple's legendary founder Steve Jobs may not be around, but the company he started has turned into an ATM machine, dispensing billions of dollars in profits. His successor, Tim Cook, has been doing a great job in managin...
Coca-Cola's letter to striking employees disputes union's allegations
Chicago Tribune - 8 Dec 2015 19:5810 of the most misguided ideas financial professionals have ever heard from their clients
Business Insider - 8 Dec 2015 19:20
Shutterstock Managing your finances can be confusing. You might hear all sorts of advice that seems prudent. And you might assume that you’re taking the right approach by acting on this advice. But what seems like a sm...
Facebook, Twitter pressured to do more to halt terrorists
USA Today - 8 Dec 2015 07:35How one department store is defying the curse plaguing Macy's and JCPenney
Business Insider - 8 Dec 2015 19:16
AP Many department stores are expected to struggle this holiday season as customers spend on electronics instead of apparel. One retailer, Kohl's, is bucking that trend. Retail research company SCM World said it e...
One statistic perfectly encapsulates the impact of technology on Wall Street jobs (GS)
Business Insider - 8 Dec 2015 18:58
MARK RALSTON/AFP/Getty In 2000, Goldman Sachs had 600 traders in New York City making markets in US stocks. Today, that number is down to fewer than 10. The statistic is one of several nuggets from a Credit Suisse report...
Where's the science? Businesses aren't setting the right climate targets to make a difference
The Guardian - 8 Dec 2015 18:35
Can the Science Based Targets initiative push companies to do better when it comes to meeting greenhouse gas emissions targets? As the UN climate meetings in Paris come to an end this week, diplomats from around the worl...
Asian Markets Drop on Oil's Decline
Wall Street Journal - 8 Dec 2015 08:45
Asian markets tumbled after global oil benchmarks hit the lowest levels in almost seven years in U.S. trading, sending energy stocks and raw materials producers sharply lower.
Staples sued by U.S. in bid to block Office Depot takeover
News Observer - 8 Dec 2015 07:45
Staples will face a challenge by U.S. antitrust officials, who said for the second time in 20 years that the office supply chain's proposed takeover of Office Depot Inc. will …
Burn! Amazon CEO Suggests Sending Donald Trump Into Space
Fast Company - 8 Dec 2015 06:46
After the billionaire presidential candidate tweeted that Amazon loses money, Bezos struck back on Twitter. Oh, yes, Jeff Bezos did. Suggest sending billionaire Republican presidential candidate and full-time publicity h...
Chipotle shares take fresh hit after Boston College students fall ill
Reuters - 8 Dec 2015 06:39
LOS ANGELES
PM Malcolm Turnbull Announces $806 Million Package To Boost Innovation In Australia
Tech Times - 8 Dec 2015 06:06
The Innovation and Science Agenda aims to encourage more startup to take bigger risks for growth and expansion. Prime minister Malcolm Turnbull put incentives on the shift from mining boom to ideas boom, pushing the coun...
IRS Issues Guidance On Certain Student Loan Discharges
Forbes - 8 Dec 2015 05:42
The IRS recently issued Revenue Procedure 2015-57, which addresses certain student loan discharges under the Department of Education’s Closed School Discharge Process and the “Defense to Repayment” Discharge Proces...
This is how much debt the average American has
Business Insider - 8 Dec 2015 05:39
Justin Sullivan/Getty Images Let's face it: Debt makes you fragile. This seems obvious in a financial sense, but it goes much deeper. High levels of debt can affect your physical and emotional health via your body's natu...
Report: Yahoo to keep Alibaba, examine core asset sale
Venture Beat - 9 Dec 2015 01:49
Yahoo’s board has reportedly decided to not move forward with spinning off its stake of Alibaba and is instead looking to part ways with its core business. The move has resulted in a more than 2 percent jump in the pri...
Chanel Pays Record Price for Retail Space
Wall Street Journal - 9 Dec 2015 01:31
French luxury retailer Chanel is paying a record price for retail space in Los Angeles as prime shopping locations in the nation's major urban areas command rising premiums.