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Business News

Location American Business News for 23 December 2015

How much is Formula One worth?

CNN - 23 Dec 2015 15:56
How much is Formula One worth? As rumors circulate that Formula One could be sold in 2016, Amanda Davies explores the value of the sport.
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Judge Okays Gun & Ammo Tax After Legal Challenge From NRA, Gun Rights Groups The city of Seattle has the authority to impose a tax on guns and bullets, according to a court ruling this week. The ruling came after the National Rifle Association (NRA), the National Shooting Sports Foundation, the S...
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Keep it simple in 2016

MoneyWeek - 23 Dec 2015 18:30
In tricky times there is much to be said for simple investing, says Merryn Somerset Webb. The post Keep it simple in 2016 was first published on MoneyWeek.
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The oil glut is causing Saudi Arabia to cut spending

Business Insider - 23 Dec 2015 04:04
REUTERS/Faisal Al Nasser Saudi Arabia increased its exports of oil during October, shipping out more crude than it had in the previous four months, aggravating a supply glut that has severely depressed oil prices and rev...
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Teen's death tied to defective air bag as massive recall grows WASHINGTON — A teen driver who died a few days after a July car crash near Pittsburgh has been tentatively identified by the government as the eighth death in the US due to an explosive air bag inflator made by auto-pa...
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The 8 Most Outrageous Business Scandals of 2015 This year did not lack for high-profile scandals resulting from greed, lack of ethics, and bad judgment.
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Elon Musk, Jeff Bezos Crash And Burn In This Hilarious Taiwanese Animators Video The video pits Musk against Bezos and begs the question: Whose is bigger? This week saw a myriad of space advances, both fictional and otherwise: On Monday, SpaceX finally landed its reusable Falcon 9 rocket after four f...
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Banks Reject New York City IDs, Leaving 'Unbanked' on Sidelines Some top banks -- including JPMorgan Chase, Bank of America and Citigroup -- will not accept the cards as a primary ID, even though federal regulators have approved their use.
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Abercrombie & Fitch names new president in effort to boost sales Struggling teen retailer Abercrombie & Fitch is one step closer to filling its vacant chief executive job. Fran Horowitz, who has led the company's more successful Hollister brand for the past year, was named on Tuesday ...
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Vizio drops 4K TV prices below $600

USA Today - 23 Dec 2015 19:49
Vizio drops 4K TV prices below $600 A 50-inch UHD set for under $600? You have our attention.          
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Oil reaps gains on hopes of the U.S. becoming an oil exporter again and on expectations of a decline in stockpiles there
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China Bond Market Getting Bigger, And Maybe A Big Carried Away Here's how much the value of Chinese bonds have risen this year. It's astounding to say the least.
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TPG head David Bonderman stirring up $80B bank battle

New York Post - 23 Dec 2015 06:16
TPG head David Bonderman stirring up $80B bank battle Billionaire private equity mogul David Bonderman crashed a rival's party on Tuesday -- stopping an alleged sweetheart deal in the $80 billion middle-market lending sector. In an upset, Bonderman's TPG Global convinced sh...
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The states where gas costs way more than $2 a gallon

Washington Post - 23 Dec 2015 15:46
People hitting the road this week are being granted a nice holiday present: low gas prices. National gas prices fell below $2 a gallon Monday for the first time in about seven years, and have been around $2 a gallon sinc...
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What Steve Harvey's Mistake Teaches Entrepreneurs: How To Turn Your PR Gaffes Into Wins There are PR lessons galore in the events surrounding last Sunday's Miss Universe gaffe, when host Steve Harvey mistakenly named Miss Colombia, Ariadna Gutierrez, the winner.
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The Trouble With Sovereign-Wealth Funds

Wall Street Journal - 23 Dec 2015 04:39
Sovereign-wealth funds proliferated with oil's rise. Now some are troubled, but the opacity of many such funds makes them a black box in global markets.
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Financial Woes Scorch SunEdison

Wall Street Journal - 23 Dec 2015 04:14
The solar energy company's problems cast doubt on a corporate structure once seen as a breakthrough for energy financing, vehicles known as yieldcos.
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Speech recognition startup Semantic Machines raises $12.3M Semantic Machines, a startup with speech recognition technology and talent from Apple and Google, disclosed today that it has raised $12.3 million in new funding. Investors from Bain Capital Ventures and General Catalyst...
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Look who is rockin' social media in Iran

Venture Beat - 23 Dec 2015 23:45
Look who is rockin' social media in Iran GUEST: Facebook is blocked in Iran. So is Twitter. Instagram is partially blocked, since you can target individual pages without blocking the whole site. Surprisingly, the only social media channel available in the count...
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Does Your Health System Need Population Health 101? Population health management has made significant inroads due to the emergence of various integrated delivery systems including patient-centered medical homes, hospital-based readmission prevention programs and accountab...
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Chipotle's Lesson from Yum's China Syndrome

Wall Street Journal - 23 Dec 2015 23:19
Chipotle's E. coli woes are far from over, but the lesson from Yum Brands is that its reputation will likely recover.
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RNTS Media buys mobile ad network Heyzap for $20M

Venture Beat - 23 Dec 2015 23:02
RNTS Media buys mobile ad network Heyzap for $20M Heyzap, a provider of mobile advertising for app developers, has been acquired by RNTS Media in a move intended to beef up its own offering in the space. Initially, the deal is for $20 million, but also includes “poten...
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