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Business News

Location American Business News for 2 January 2016
New York City is trying to turn payphones into the world's biggest and fastest municipal Wi-Fi network ://syndication.ap.org/AP.Distro.ContentBroker2/ContentBroker.aspx?contentid=686ee7d232bb54008c0f6a7067007b09&iid=aebf062fa6ed4b01a30de783cdd55f55&rsn=0&recordid=aebf062fa6ed4b01a30de783cdd55f55&filingId=caee0bc92bd94bd39...
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Crown Heights Turns Its Image Around

Wall Street Journal - 2 Jan 2016 05:08
The central Brooklyn neighborhood once synonymous with crime attracts home buyers and renters looking to pay less than in nearby areas.
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Here's what you're gonna pay in taxes in 2016

Business Insider - 2 Jan 2016 23:59
Flickr / Amit Gupta To paraphrase Ben Franklin, death and taxes are certainties. But while death tends to happen only once, taxes happen relentlessly. Every. Single. Year. Dealing with taxes is a recurring pain, no doubt...
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Chris Hyzy: Stocks Could Grind to 7%-8% Total Returns in 2016 Bank of America's Chris Hyzy likes big firms with low debt, good profit margins, and decent dividends.
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Airbus landed a $1.25 billion deal with Japan's biggest carrier Thomson Reuters NEW YORK
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New York Sues To Get DraftKings, FanDuel To Return Money

The Huffington Post - 2 Jan 2016 04:35
New York Sues To Get DraftKings, FanDuel To Return Money NEW YORK (AP) — New York's attorney general has filed a lawsuit asking FanDuel and DraftKings to give back all the money they made in the state, the latest salvo in an ongoing clash with a pair of increasingly popular ...
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Seattle minimum wage moves toward $15 on Friday

Miami Herald - 2 Jan 2016 03:19
Seattle's minimum wage takes another step toward $15 an hour on Friday. …
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China, the world's second-largest economy, looked set for a weak start to 2016 after activity in the manufacturing sector contracted for a fifth straight month in December.
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Mergers and acquisitions hit a record high in 2015, but there were few mega-deals in the technology sector, aside from the frenzy in chip companies and the record pairing of Dell and EMC Corp. If some of tech's other big...
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Reuters In 2008, during the nadir of the financial crisis, one Barclays trader was already $200 million in the hole and staring at a deal he called an "unavoidable abyss." But miraculously, Bob Henderson, then Barclays'�...
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19 things you might not know about Amazon

Business Insider - 2 Jan 2016 16:01
Mike Segar/Reuters Amazon.com, now a $331 billion online powerhouse, is one of the most successful companies of the past several decades, and shares have multiplied an astounding 710 times since the company went public i...
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California cranks out new businesses and jobs despite criticism California's business climate has been a perpetual target of ridicule. Out-of-state politicians and critics of the state's regulations have delighted in depicting California as an inhospitable place to do business. The G...
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Russia's oil output hits record high despite price crash

Business Insider - 2 Jan 2016 14:00
Russia's oil output hits record high despite price crash REUTERS/Essam Al-Sudani Moscow
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Activist Elliott Management Tackles American Capital The activist fund wants to break up or sell the business-development company and thinks it's worth about 45% more than its share price suggests.
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Here’s How a Management Consultant Would’ve Advised Star Wars’ Galactic Empire A management consultant is driven by ROI and efficiency. A death star is neither of those.
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Sticker shock: Uber's NYE surge pricing outrages some passengers Uber issued plenty of advance warnings before New Year's Eve, but that didn't stop passengers from complaining about the ride-hailing app's surge pricing -- which sent fares skyrocketing in hot spots around the world. Al...
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Investors Have Low Expectations for 2016

Wall Street Journal - 2 Jan 2016 03:02
After a year of disappointment in everything from U.S. stocks to emerging markets and junk bonds, investors are approaching 2016 with low expectations.
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Russia will file a lawsuit against Ukraine, the Russian finance ministry said, after Kiev failed to repay a $3 billion Eurobond and $75 million in interest by Dec. 31.
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The 10 Most Blatantly Wasteful Defense Items In The Recent $1.8 Trillion Spending Bill Here are the 10 most blatantly wasteful defense items in the recent $1.8 trillion spending bill.
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Russia Gives Ukraine A Break On Fuel Costs, But Prices Likely Going Lower Anyway Russia said Friday that it was giving Ukraine a "discount" on natural gas prices, but further declines in energy prices will likely make the $17.8 savings a moot point anyway. Bonus for trying to be nice to Kyiv, though,...
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Why Star Wars Creator George Lucas *Really* Backed Off His Star Wars creator George Lucas had reasons for apologizing for comparing Disney to "white slavers." Approximately two billion of them.
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The Best, And Worst, Dividend Stocks for 2016 With the first trading day of the New Year upon us, it’s time to clean up that portfolio. Get rid of those dividend dogs, and replace them with winners that’ll boost payouts and appreciate in price in the year ahead.
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