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Business News

Location American Business News for 16 January 2016
BASRA, Iraq
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18 Simple Tips to Start Your Financial Savings Plan TODAY financial editor Jean Chatzky has plenty of tips to help you rein in your spending.
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A small-town warehouse supervisor turned in one of three tickets splitting the world-record $1.6 billion Powerball jackpot on Friday, and swiftly announced that he would take his money now, giving up hundreds of millions...
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Qlik's Waning Value

Barron's - 16 Jan 2016 11:35
The market thinks software developer Qlik Technologies is growing fast. We don't buy it. Eventually, investors won't either.
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Wells Fargo Surpasses Citigroup in Assets

Wall Street Journal - 16 Jan 2016 06:25
Starting the new year, most big banks are touting their regimens to slim down, while Wells Fargo just keeps growing, surpassing Citigroup to become the third-largest U.S. bank by assets at the end of 2015.
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Why The Stock Market Is Volatile, Why Volatility Hurts, And What To Do About It Unless you made a resolution not to read, listen to or watch the news in 2016, you’ve likely noticed that “the market” is off to a stumbling start. Indeed, one glance at the headlines, at least the ones that don’...
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Obama proposes higher unemployment benefits, even as jobless rate declines The president's proposal would require every state to provide at least 26 weeks of benefits.          
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Americans appear to be catching on to Obama's optimistic economic outlook REUTERS/Kevin Lamarque The American public seems to be slowly catching up with President Obama’s optimistic talk about a buoyant economy, according to Gallup’s latest daily economic confidence index reading. The late...
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The NYPD is charging a news station $36,000 to view police body cam footage REUTERS/Shannon Stapleton A television news station in New York is suing the New York Police Department for charging $36,000 to view police body camera footage. Citing the state's Freedom of Information Law (FOIL), repor...
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Deflated Pump Maker Colfax Will Revive

Barron's - 16 Jan 2016 11:23
Deflated Pump Maker Colfax Will Revive Despite likely weakness in the company's business in 2016, the shares look tempting long-term.
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Walmart is gearing up to chase down Amazon online

Business Insider - 16 Jan 2016 10:11
Walmart is gearing up to chase down Amazon online REUTERS/Lucas Jackson Wal-Mart is merging an Arkansas-based division that develops computer systems for its stores with a fast-growing technology unit in Silicon Valley, aiming to hasten its move to compete in the online...
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7 Super Effective Habits for Working Smarter Not Harder Get more done in less time by focusing on better outcomes rather than sheer output. Here's how.
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A lead developer just quit bitcoin, saying it 'failed'

Business Insider - 16 Jan 2016 09:03
Thomson Reuters Bitcoin slid by 10 percent on Friday after one of its lead developers, Mike Hearn, said in a blogpost that he was ending his involvement with the cryptocurrency and selling all of his remaining holdings b...
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American Apparel reports $14.5-million loss in November American Apparel continues to lose money after filing for bankruptcy last year, with a net loss of $14.5 million in November, according to its monthly operating report filed Friday. In November, the Los Angeles retailer ...
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Iraq's oil production is going strong

Business Insider - 16 Jan 2016 17:48
Thomson Reuters BASRA, Iraq
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Cold Sore Cure? Inside Billionaire John Paul DeJoria's Next Bet Launched this past week, DeJoria claims Aubio Life Sciences' cold sore treatment will cure any flare up.
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Consistency Pays Off for the JPMorgan Equity Income Fund Manager Clare Hart finds success by hewing to her mission and finding companies that hew to theirs. Among her favorites: Wells Fargo, Illinois Tool Works, ExxonMobil, Occidental Petroleum, and VF Corp.
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Top Financial Advisor's Steady Hand for Volatile Times Jane Williams of Sand Hill Global Advisors takes as much pride in delivering services like estate planning as she does in protecting clients' money and boosting performance. Why her team is expanding exposure to Europe.
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Ron Perelman exploring options for Revlon

New York Post - 16 Jan 2016 07:02
Ron Perelman exploring options for Revlon Ron Perelman soon may try again to take his Revlon cosmetics company private. The corporate raider's MacAndrews & Forbes investment firm, which owns 78 percent of Revlon, is exploring "strategic alternatives" for its sta...
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Apple will kill its ad-supported iTunes Radio service on January 28 Apple has revealed that on January 28, it’ll discontinue the ad-supported version of the service once known as iTunes Radio. Instead, the company will place it behind its music service paywall, meaning that you’ll ha...
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Microsoft will reportedly unveil its last Lumia phone on February 1 Less than two weeks ago, we confirmed the specifications and design of Microsoft’s Lumia 650. Now we’re learning that the device will be officially unveiled on February 1, according to Windows Central. Final details ...
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Being a celebrity can be tough. When business executive Liz Edlich traveled with her actress friend Goldie Hawn to Rome, the two were constantly interrupted by those seeking autographs and pictures.
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