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Business News

Location American Business News for 7 January 2016

Father-Son in Power Tools

Forbes - 7 Jan 2016 23:45
Father-Son in Power Tools Owners of Chinese factories often struggle to build brands. Horst Julius Pudwill bought them, instead. And for three decades he's kept his power tool company on the cutting edge.
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This map shows the brewing proxy war between Iran and Saudi Arabia Throughout the wider Middle East, numerous countries are being wracked by unrest and civil conflict. And, in a majority of the conflicts, the ongoing crises can be seen as an expansion of a proxy war between two of the r...
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China's moves to guide the yuan lower have set off a free fall in the currency and global market reverberations as investors pile on the bets against the yuan--ultimately a no-win situation for Beijing.
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(Reuters) - Yahoo Inc is working on a plan to cut its workforce by at least 10 percent and it could start the process as early as this month, Business Insider reported, citing sources.
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Donald Trump invokes Bill Cosby and Monica Lewinsky in explosive Hillary Clinton attack AP Photo/Kathy Willens Republican presidential front-runner Donald Trump's campaign released a new attack video Thursday over Instagram that was aimed at Democratic presidential front-runner Hillary Clinton. The video di...
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Eugenio Marongiu/Shutterstock For several years, I had a full-time job that allowed me to work from home. But then I switched to a job that required me to be in an office. So I've experienced life on both sides, and can ...
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China is just delaying the inevitable with its latest desperate attempt to rescue the stock market Getty Images/File In the wake of another 7% plunge in Chinese stocks, ending trade early for the second session in four, China’s stock market regulator, the CSRC, has announced further restrictive measures in an attem...
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Andrew Cuomo Administration/Flickr New York City's Penn Station is a transit nightmare. It's dismally gray, confusing to navigate, and frequently smells like a mix of Auntie Anne's pretzels and body odor. Traveling throu...
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Lawrence Ho Bets Big On Small Players

Forbes - 7 Jan 2016 23:42
Lawrence Ho Bets Big On Small Players Lawrence Ho bets that the comeback of Macau begins with his splashy new Studio City casino resort.
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Stocks Continue Rough 2016 as Crude Price Lowest in Over a Decade Different day, same drivers. Another stock rout in China and further depreciation for the price of oil are expected to drill U.S. stock averages at least initially on Thursday.
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Stocks Slammed As China Worries Intensify

Forbes - 7 Jan 2016 16:39
Stocks Slammed As China Worries Intensify It was a sea of red for stock markets around the globe on Thursday.
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Ouch: Dow Tumbles After Turmoil in Chinese Market Across the globe, stock markets were in a tailspin triggered by China, which had to halt trading for a second time this week on Thursday.
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Our chart of the day shows why analysts expect a lot of pain for the S&P 500 in the near term. Our suggests the Shanghai index could plunge below the low it hit during last summer's swoon.
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Keeping customers content is just business as usual. Making them talk about you takes work.
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Oil descends further amid turmoil in China, sinks below $33 a barrel Oil continues to plumb price levels not seen since 2004.          
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Fewer people sought US unemployment benefits last week, suggesting that the job market remains insulated from the turmoil abroad in Europe and China
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The Year that Was: Coca-Cola

Forbes - 7 Jan 2016 15:36
The Year that Was: Coca-Cola The U.S. alone forms ~45% of the net sales for the company, and with the CSD segment, which forms over 40% of the country?s non-alcoholic beverage market, estimated to have declined for eleven consecutive years now, orga...
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Yahoo reportedly will lay off more than 1,000 employees It’s been a doom-and-gloom week for Yahoo. First it shuttered its premium video hub, Yahoo Screen, and then we learned that it’s facing a class action lawsuit for sending unsolicited text messages to users. But as of...
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A Main Street Guide To Navigating The 2016 Wall Street Meltdown Main Street didn't cause this global market rout and its pain may be contained to Wall Street. But here are six important data points for ordinary Americans to pay attention to.
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Net Worth Doubles For Real Estate Tycoon Pan Sutong Macau's woes hammer casino billionaires.
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The right recipe for startup success requires an equal mix of: a good strategy or idea, powered by a experienced management team that knows how to execute the plan. If you typically have only one of the key ingredients, ...
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Lenovo is phasing out the Motorola brand

Venture Beat - 7 Jan 2016 23:38
Lenovo is phasing out the Motorola brand Lenovo is planning on phasing out the Motorola branding on its phones this year, a Motorola executive revealed to CNET, today at the 2016 Consumer Electronics Show in Las Vegas. Instead, the Chinese manufacturer will bra...
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