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Business News

Location American Business News for 9 December 2015

China Sets Yuan at Weakest Level Since 2011

Wall Street Journal - 9 Dec 2015 15:29
Facing currency outflows and a weakening economy, Beijing guided the yuan to its weakest level against the dollar in more than four years.
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Indiana Gov. Mike Pence (R) announced on Tuesday that he will not block state aid to the Syrian refugee family that arrived in the state Monday night, despite his previous order to state agencies not to aid refugees from...
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Looking for an Oil Play? Try the Permian Basin

Wall Street Journal - 9 Dec 2015 22:24
Shares of Permian energy producers are among the top-performing energy stocks in an otherwise woeful year for the sector.
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Less Than Zero: Living With Negative Interest Rates

Wall Street Journal - 9 Dec 2015 08:24
There is some good and bad in the upside-down world of negative interest rates, in which banks impose a levy on customers to hold their money. How this scenario will play out is anyone's guess.
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(Reuters) - Wal-Mart Stores Inc's import of goods from China led to the loss of over 400,000 jobs in the United States between 2001 and 2013, according to a report from a U.S.-based non-profit think tank.
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EU's proposed overhaul of digital content rules could help Netflix but hurt Google In its efforts to rewrite Europe’s digital rulebook, the European Commission took its next step forward today, proposing a series of reforms that would make it easier for online music and video services to operate acro...
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Glassdoor: Airbnb dethrones Google as the best tech company to work for in the U.S. Career website Glassdoor today released its eights annual Employees’ Choice Awards, a list of the 50 best companies to work for in the coming year. Airbnb was picked as the number one tech company to work for in 2016, ...
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A Holiday Gift Guide For Finicky Founders

Forbes - 9 Dec 2015 23:32
A Holiday Gift Guide For Finicky Founders How to wow even the most finicky of startup and technology bros.
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Now These Two Guys Are Being Called The Real Inventors Of Bitcoin In the latest wrinkle to the long-running quest to uncover the digital currency's creator, an Australian and an American have been named. Satoshi Nakamoto. Say the name three times and blink. Then rearrange the letters t...
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DuPont, Dow Chemical Lead DJIA Higher

Wall Street Journal - 9 Dec 2015 19:07
U.S. stocks rose Wednesday amid a stabilization in commodities prices and reports that chemical giants DuPont and Dow Chemical are in advanced talks to merge.
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Stocks mostly higher as oil prices rise

USA Today - 9 Dec 2015 19:04
Stocks mostly higher as oil prices rise Wall Street seeks to halt two-day slide.          
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Robin Thicke and Pharrell fight $5.3 million 'Blurred Lines' decision in appeal YouTube screenshot Robin Thicke and Pharrell Williams are fighting back against the "Blurred Lines" court decision from earlier this year. Thicke and Williams filed an appeal this week against the federal jury decision...
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Crude Prices Pare Losses but Oil Oversupply Fear Lingers

Wall Street Journal - 9 Dec 2015 15:38
Oil prices were higher, recovering from steep falls this week even as sentiment remained bearish over the sector's oversupply.
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Gold recovers on global cues, uptick in wedding season demand Gold of 99.9% and 99.5% purity rebounded by Rs65 each to Rs25,840 and Rs25,690 per 10 grams, respectively
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India Has Exceeded Our Expectations: OnePlus Founder & CEO, Pete Lau Pete Lau, founder and CEO of China-based phonemaker OnePlus, is taking on Apple, Samsung and Nexus phones in India in the $300+ price segment (Image:OnePlus) Among the slew of Chinese device makers out to conquer India, ...
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1 in 5 consumers may ditch cable subscriptions in 2016 About 20 percent of consumers could ditch their cable TV subscriptions in 2016, according to a survey by accounting firm PwC, as competition between pay TV and over-the-top services such as Netflix heats up. Over-the-top...
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North Face co-founder Douglas Tompkins dies in kayaking accident at 72 North Face co-founder Douglas Tompkins, who abandoned his executive life in the Bay Area to pursue his passion for ecology -- and spent his fortune on land purchases in South America as part of a quixotic and sometimes c...
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In China's on-demand tech, today's 'unicorns' risk becoming tomorrow's 'unicorpses' Beijing (By Paul Carsten for Reuters) — The Beijing offices of Shequ001, a start-up delivering supermarket goods booked via smartphone, stand almost deserted. Leaflets lie scattered on the floor. Nearly 400 former empl...
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Office Market Overhaul for Downtown L.A.

Wall Street Journal - 9 Dec 2015 07:43
The office market in downtown Los Angeles is undergoing a surge of investment, with developers in the process of overhauling more than one million square feet of tired warehouses and old office buildings in at least seve...
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Comcast's CEO explained why your internet bill is only going to get more expensive Michael Seto/Business Insider Comcast's CEO thinks you should pay for broadband the same way you pay for electricity — the more you use, the more you pay. "Just as with every other thing in your life — if you drive a...
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SAN FRANCISCO/BENGALURU
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David Tepper Buys More TerraForm Power, Increases Pressure on Board David Tepper (Trades, Portfolio)’s Appaloosa Investment Limited Partnership added 200,000 shares to its holding of TerraForm Power (NASDAQ:TERP), raising its position in the company to 7.6 million, it disclosed Tuesday...
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