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Business News

Location American Business News for 18 December 2015
Electric, Autonomous Cars Will Drive BMW's Continued Growth Monster auto makers like Toyota are probably close to the maximum level of output for best profitability before the dreaded law of diminishing returns sets in, and BMW’s spectacular recent success prompts the same ques...
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Drug Executive Shkreli Arrested on Fraud Charges

Wall Street Journal - 18 Dec 2015 00:39
Pharmaceutical executive Martin Shkreli--who gained notoriety earlier this year for significantly raising prices on drugs--was arrested on charges of securities and wire fraud based on his former work at a hedge fund.
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Bank of Japan Takes Fresh Action

Wall Street Journal - 18 Dec 2015 07:16
The Bank of Japan announced supplementary measures to its quantitative easing program Friday, saying it would increase its exposure to longer-term government bonds and domestic stock funds.
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The Effect of Ford's $4.5 Billion Investment in Plug-ins By Scott Shepard
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Apple and Samsung ink deals to enter China's mobile payments by early 2016 Apple and Samsung have inked deals with UnionPay to enter the mobile payments space in China by early 2016, according to a report by Bloomberg late Thursday. We’d already heard rumours last month that Apple Pay would l...
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Corporate Bonds Offer Reasons to be Cheerful---for Some

Wall Street Journal - 18 Dec 2015 17:46
ECB asset purchases, assurances from the Fed that rate increases will be moderate, attractive yields and the belief that problems in the energy sector are not spreading to other areas have led some fund managers to turn ...
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Global Stocks Fall as Oil Glut Weighs

Wall Street Journal - 18 Dec 2015 17:42
Global stocks dropped Friday as a rally spurred by the U.S. Federal Reserve's decision to raise its benchmark interest rate faded amid low commodities prices.
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FDA Proposes Ban on Indoor Tanning for Minors

ABC News - 18 Dec 2015 17:41
FDA proposal would ban indoor tanning for anyone under 18, users would sign consent forms
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US Stocks Keep Sliding on Global Economic Worries US stocks follow global stocks lower on economic growth concerns, with shippers falling
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Women In Tech Predict Major Change In 2016

Forbes - 18 Dec 2015 17:29
Women In Tech Predict Major Change In 2016 Industry experts say 2016 will be a great year for women in tech.
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Make Colleges Pay for Their Use of Race in Admissions The Court can simply require schools to compensate or account for those applicants who are in fact displaced by use of the race-plus factor.
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Isis Pharmaceuticals is Changing Its Name

NBC News - 18 Dec 2015 17:09
Isis Pharmaceuticals is Changing Its Name Isis Pharmaceuticals will change its name to Ionis Pharmaceuticals so that people think of "life-saving medicines" when they hear its name.
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GoPro's Picture Isn't Quite as Pretty

Barron's - 18 Dec 2015 13:56
GoPro's Picture Isn't Quite as Pretty Raymond James has cut its price target on the video-camera company despite maintaining a Buy rating.
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Fed Hikes, but Some Rates Veer Lower

Wall Street Journal - 18 Dec 2015 06:48
On the day the Federal Reserve implemented its plan to raise interest rates, driving up overnight borrowing costs, broader market forces conspired instead to drive other U.S. interest rates down.
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How The Fed May Have Just Made It Harder For Democrats To Take The White House The Federal Reserve’s decision to raise its key interest rate on Wednesday could hurt the Democratic Party’s chances of winning the presidency in 2016 by beginning a process that will slow down the economy. It is har...
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Activists weigh proxy battle for Yahoo! board control

New York Post - 18 Dec 2015 06:13
Activists weigh proxy battle for Yahoo! board control At least a half dozen Yahoo! suitors are buzzing around the ailing Web portal trying to stoke a sale, The Post has learned. Yahoo! Chief Financial Officer Ken Goldman has been fielding calls from the wannabe owners over ...
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Hong Kong Retailers Lost in Currency Translation

Wall Street Journal - 18 Dec 2015 06:12
U.S. dollar strength and a weakening yuan are driving mainland visitors away from shopping paradise Hong Kong to Japan.
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Permanent Tax Savings For Commuters Thanks To Budget Deal Transit commuters are finally going to be on equal footing with drivers--when it comes to tax breaks.
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Xbox Live down for some gamers on Xbox One and Xbox 360 Update on Friday, December 18: Xbox Live is down again for some. People are having troubles getting their Xbox One to function. Xbox Live is experiencing an intermittent outage, according to a number of complaints on soc...
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How Can Entrepreneurs Get The Start They Need? Even though the number of businesses owned by African Americans entrepreneurs is rising sharply, many struggle to secure the financing they need to start or grow their businesses. According to the Small Business Associat...
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Innovative Lending: How $6.5MM Is Supporting Small Business Owners In Detroit Entrepreneurs of color help play a key role in the city’s recovery.
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Fresvii raises $4M for AppSteroid social network with mobile voice chat Fresvii has raised $4 million from Japan’s Nissay Capital to expand AppSteroid, its mobile gaming social networking service. The funding shows the huge demand for bring social to mobile games, which have become a $30 b...
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