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Business News

Location American Business News for 21 December 2015

Japan Leads Asian Shares Lower

Wall Street Journal - 21 Dec 2015 03:52
Shares in Japan led Asian markets lower Monday, amid worries that the central bank will be reluctant to expand its easing program in the coming year.
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Martin Shkreli Loses Second CEO Job

ABC News - 21 Dec 2015 17:52
Martin Shkreli Loses Second CEO Job Before his arrest on securities fraud, Shkreli led two pharmaceutical companies.
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Get $10,000 Per Child In College Tax Credits, Thanks To New Tax Deal Set to expire in 2017, the new tax deal gives the $2,500 a year American Opportunity Tax Credit (AOTC) permanent life, meaning parents can offset their personal tax bill by up to $10,000 per eligible college kid over fou...
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REUTERS/Guadalupe Pardo The bull market in the US dollar – something that began in the June quarter of 2011 – is likely to last for an additional two years and see the currency gain by a further 10% in trade weighted...
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(Reuters) - Two men including an oil equipment supply firm executive have been arrested on charges related to an alleged scheme to corruptly secure energy contracts from Venezuela's state-owned energy company, the U.S. J...
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Gold And Silver 2016 Fortunes Tied To Price Trend In Crude Oil Gold and silver prices fell to multi-year lows in December. Not coincidentally, so did Nymex crude oil futures.
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(Reuters) - General Electric Co expects to announce a decision next month about whether it will move its headquarters out of Connecticut, a spokesman said on Sunday.
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10 Issues That Will Shape The World In 2016

Fast Company - 21 Dec 2015 16:00
10 Issues That Will Shape The World In 2016 These are the stories that will dominate the news in the year to come. The end of 2015 leaves many of the year's most significant issues still very much in flux, including the reform of U.S. gun control laws, the fates o...
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Gold Won't Take Gold in Metals Race

Wall Street Journal - 21 Dec 2015 00:53
Which metal has the most mettle? While they are all looking awfully brittle these days, the surprising answer, for now, is gold.
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Why Crowdsourcing Has Ruined the Art of Innovation Forget everything you know about crowdsourced innovation.
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A Plan to Rank 'Just' Companies Aims to Close the Wealth Gap

The New York Times - 21 Dec 2015 02:47
A Plan to Rank 'Just' Companies Aims to Close the Wealth Gap The hedge fund billionaire Paul Tudor Jones II is working with the self-help star Deepak Chopra to rate how companies treat workers, society and the environment.
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Pep Boys calls Icahn takeover bid "superior"

USA Today - 21 Dec 2015 17:30
Pep Boys calls Icahn takeover bid The automotive service and retail chain plans to terminate rival deal with Bridgestone          
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US Stocks Rise Moderately in Light Trading

ABC News - 21 Dec 2015 17:08
US Stocks Rise Moderately in Light Trading US stocks rise moderately in light trading; oil stocks fall as oil prices drop
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These 8 Dow Components Are In Bear Market Territory The Dow is not yet in correction territory but these stocks are in bear market territory--more than 20% below their multiyear or all-time highs.
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The real reason Apple makes its products in China

New York Post - 21 Dec 2015 16:43
The real reason Apple makes its products in China "It's skill," Apple CEO Tim Cook said in response to a question on "60 Minutes" Sunday from Charlie Rose as to why the company's products are made in China. Rose clearly wasn't buying it. "They have more skills than Amer...
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Indonesia, Already Squeezed, Braces for Higher Interest Rates

The New York Times - 21 Dec 2015 12:00
Indonesia, Already Squeezed, Braces for Higher Interest Rates As in many emerging economies, companies in Indonesia gorged on cheap debt to fund expansion. Now they face higher interest rates on top of a plummeting rupiah and a commodity slump.
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SYDNEY/SINGAPORE
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Behind Frank Quattrone's Comeback in the New Tech Era

Wall Street Journal - 21 Dec 2015 04:31
The famed deal-maker is again in high demand, but controversy lingers from his dot-com days.
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Toys 'R' Us CEO banking big on 'Star Wars' success

New York Post - 21 Dec 2015 03:00
Toys 'R' Us CEO banking big on 'Star Wars' success New Toys "R" Us CEO David Brandon may have more riding on "Star Wars: The Force Awakens" than anyone outside the film industry. If Brandon can turn around the financial fortunes of the deep-in-debt toy chain, hit certain...
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Initial Rate Hikes Seldom Prove Toxic To Stocks The market went through an adjustment period, with average returns falling from 14 percent before the rate hike to 2.6 percent 250 days afterward. By 500 days, returns returned to their pre-hike average of around 14 perc...
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“Starting a company is like eating glass and staring into the abyss. If you feel like you are up for that, then start a company.” Elon Musk
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If someone were to ask you, “What part of your business makes you the most money?” you might be tempted to respond “My sales team,” or “My product designers,” or even “Me.” However, what you should say wi...
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