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Location American Business News for 30 December 2015
7 incredible things 'Back to the Future Part II' got right about 2015 Great Scott! October 21, 2015, is the futuristic day to which Marty McFly traveled in the 1989 film "Back to the Future Part II." While hoverboards and self-lacing shoes have yet to become a reality, there are a number o...
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Movie ticket sales jump 48% in China, but Hollywood has reason to worry Despite a slowing economy, China's box-office receipts jumped nearly 50% between 2014 and 2015 -- the most sizzling pace of growth in the last five years. But Hollywood isn't sharing equally in the bonanza: Revenue for i...
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Oregon bakery pays $144,000 in damages over lesbian wedding cake case Wikimedia Commons The owners of a Portland-area bakery who refused on religious grounds to bake a wedding cake for a lesbian couple have paid about $144,000 in damages despite their ongoing appeal of the discrimination c...
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Three Themes That Will Define Successful Sales in 2016 The ELEVATE conference foreshadows a year of strategic social tactics, smarter process, and a re-humanization of sales
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SeaWorld suing California over ban on orca breeding

Miami Herald - 30 Dec 2015 06:14
SeaWorld filed a lawsuit Tuesday challenging a California commission's ruling that bans the company from breeding captive killer whales at its San Diego park. …
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Spotify Hit With $150 Million Copyright Infringement Lawsuit The suit alleges that Spotify failed to secure and pay for the rights of a large number of songs it streams to users
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Puerto Rico Debt Crisis Closes In on Jan. 1 Deadline

The New York Times - 30 Dec 2015 03:19
Puerto Rico Debt Crisis Closes In on Jan. 1 Deadline Exactly which payments the island will have to skip remained unclear, but the United States Treasury secretary said the island was already effectively in default.
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27 backpacks that'll make your commute a lot easier in 2016 Lots of commuters are trading in their messenger bags and briefcases for backpacks, and it's not just because they look cool: These vessels are by far the easiest means for transporting your stuff from point A to point B...
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This glove lets you feel objects underwater without touching them YouTube/ aisencc Japanese researchers created a glove that will allow you to feel objects underwater without actually touching them. Called the IrukaTact, the glove was inspired by the dolphin echolocation, which is ref...
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It's Time To Revisit That Not-So-Crazy 'Destiny 2' Leak This past July, a random redditor posted a lengthy “leak” about Destiny 2 and the future of the game that seemed so ludicrous, I dismissed it out of hand. The account that posted the info was almost completely inacti...
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Pep Boys agrees to be bought by Icahn for $1 billion

Miami Herald - 30 Dec 2015 17:54
Pep Boys will be acquired by Carl Icahn for $1 billion, ending a weeks-long bidding war with the Japanese tire company Bridgestone. …
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From diggers to data centres

The Economist - 30 Dec 2015 17:49
From diggers to data centres THERE have been three great waves of corporate investment in the past two decades. First came the dotcom splurge of 1997-2001, when cash was poured into building mobile-phone networks and the internet's backbone. Then th...
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Bigger is better these days when it comes to initial public offerings and mergers and acquisitions in the United Kingdom. This year will be remembered for mega-listings and mega-deals, according to Jasper Lawler, market ...
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Wall Street opens lower as crude retreats

Reuters - 30 Dec 2015 16:35
(Reuters) - U.S. stocks opened slightly lower on Wednesday as crude oil gave up Tuesday's gains after forecasts indicated cold weather in Europe and the United States would be short-lived.
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Average returns almost never happen in the markets

Business Insider - 30 Dec 2015 16:23
Average returns almost never happen in the markets It's something you'll hear in your entry level courses in finance or investing: On average, stocks return about 10% per year and bonds return about 5%. Unfortunately, in any given year, average almost never happens. Just...
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The Internet of Things space is crowded and growing, but companies like Apple and Alphabet could stand out in 2016, especially in the "connected home" market. "It's a crowded marketplace," said Shahid Ahmed, emerging tec...
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Palantir and Investors Spar Over How to Cash In

Wall Street Journal - 30 Dec 2015 06:06
Data-mining firm Palantir has no interest in an IPO, but some employees and even co-founders are trying to sell shares anyway.
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States' Pension Woes Split Democrats and Union Allies

Wall Street Journal - 30 Dec 2015 05:58
Left-leaning politicians are increasingly supporting revamps of retirement benefits despite opposition from labor officials.
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The resolution of the dispute between Japan and South Korea over wartime sex slaves removes one impediment to trade and investment between the two countries.
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Markets in Asia rose Wednesday as a recovery in oil prices lifted energy shares.
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Silicon Valley's most secretive startup lets employees sell $425,000 worth of stock per year Tristan Fewings/Getty Images Palantir is one of the biggest privately held tech companies in the world, recently valued at $20 billion. The company sells data analysis software to government agencies like the FBI and C...
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'Star Wars' propels North American box office past record $11 billion The North American box office sails to a record year-end high with a big boost from "The Force Awakens"          
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