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Business News

Location American Business News for 10 December 2015
Twitter is now delivering ads to users without accounts Wall Street has been griping for years that Twitter Inc. is missing opportunities to generate more revenue with its vast audience.But in a major step announced Thursday that could ease some of those complaints, the socia...
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M&A to increase in 2016 as oil prices remain low

Business Insider - 10 Dec 2015 18:54
M&A to increase in 2016 as oil prices remain low Andrew Burton/Getty Images CFO Insider is a daily newsletter from Business Insider that delivers the top news and commentary for chief financial officers and other finance experts. Low oil prices to "force" M&A in 2016 (...
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'Pharma Bro' Martin Shkreli Bought Lone Copy Of Wu-Tang Clan Album For $2 Million Martin Shkreli, the pharmaceutical executive who was widely criticized for jacking up the price of a drug mainly used by cancer and HIV-AIDS patients by more than 5,000 percent, is the secret buyer of a one-of-a-kind Wu-...
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U.S. Stocks Edge Higher as Oil Pares Losses

Wall Street Journal - 10 Dec 2015 19:05
U.S. stocks rebounded Thursday as oil prices pared losses and energy-share prices gained.
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Mr. Market To The Fed: Please Don't Raise Rates The Federal Reserve is faced with a serious conundrum with respect to raising rates at their meeting next week (Dec 15-16) and Mr. Market does not want them to raise rates (see below). On one hand, they backed themselves...
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Is college worth it? Goldman Sachs says not so much College is expensive, but it's worth it -- right?          
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WASHINGTON
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Berkshire Hathaway Takes 8% Stake In Sears' Real Estate Spin Seritage Growth Properties Berkshire Hathaway has taken a 8% stake in Seritage Growth Properties, a collection of real estate 235 real estate properties recently spun off from struggling retailer Sears. T
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(Reuters) - Wal-Mart Stores Inc said it would launch 'Walmart Pay,' to become the first U.S. retailer to offer its own payment feature to expand consumer payment options and increase the speed of checkouts.
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The Middle Class Is No Longer America's Economic Majority

The Huffington Post - 10 Dec 2015 07:04
The Middle Class Is No Longer America's Economic Majority There are now more low-income and high-income Americans combined than there are people in the middle class, a study released Wednesday found.  According to a Pew Research Center report, there were 120.8 million adults l...
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Airbnb Hosts Discriminate Against Black Renters, Study Finds Airbnb hosts were less inclined to book renters with stereotypically African-American names, Harvard Business School researchers found. A new study from Harvard Business School finds that Airbnb hosts are more likely to ...
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Science Magazine on YouTube On Thursday, Dec. 10, the Max Planck Institute for Plasma Physics fired up a monster machine that they hope will change the world. The machine is called the Wendelstein 7-X, or W7-X for short....
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Four of AIG's Highest-Ranking Executives to Depart

Wall Street Journal - 10 Dec 2015 19:04
AIG said four of its 15 most-senior executives are departing, continuing an effort by CEO Peter Hancock to realign duties and cut costs as the insurer faces pressure from big investors to improve profitability.
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Fed Approves Bank of America's Resubmitted Stress Test

Wall Street Journal - 10 Dec 2015 18:46
The Federal Reserve has approved Bank of America's resubmitted stress test, giving the bank the green light to continue paying a 5-cent quarterly dividend and buy back shares.
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Thousands of More Drivers May Now Qualify to Join the Lawsuit Against Uber Drivers who are now seeking vehicle-related and phone expenses from the ride-sharing company can now be covered by the lawsuit, in addition to the original plaintiffs.
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GM ignition switch compensation fund pays out $594.5 million on 399 claims, final report says
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Donny Deutsch: 'Entrepreneurs Are Never Driven by Money' Donny Deutsch, creator and star of the sitcom Donny!, explains why the clearest way to success is through doing what you love.
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On December 4 President Obama signed into law the Fixing America's Surface Transportation Act. While it deals with funding transportation, the new law also contains a pernicious scheme to raise revenue. It requires the I...
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3 Reasons Why It Matters Who the Real Founder of Bitcoin Is Whether it's a hacker or a law enforcement official, there's a lot at stake for whoever figures out who Satoshi Nakamoto is.
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Why Online Small Business Loans Are Being Compared To Subprime Mortgages A slew of new online startups is providing small businesses quick loans -- and quietly charging 40%, 60%, 80% and higher APRs in the process.
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Energy Company Assets on the Block as Oil Plunge Bites

Wall Street Journal - 10 Dec 2015 17:55
During past oil market slumps, energy companies went on M&A sprees to consolidate, but this time, they are turning to decidedly less sexy deals: selling pipelines and storage tanks to raise money.
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Non-Carbonated Beverages Spearhead Growth For PepsiCo's North America Business While PepsiCo's snack offerings are considered the main drivers of the company's organic volume sales growth, beverages are considered the slackers. The foods division, including the likes of Frito-Lay and Quaker Foods, ...
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