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Business News

Location American Business News for 20 January 2016
REUTERS/Chance Chan Wall Street is talking about China as if it has a disease — deflation — and is about to pass it to the rest of the world.  It's an issue that comes up with China from time to time, and it has tw...
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Boxing champ Mike Tyson selling home near Las Vegas

Miami Herald - 20 Jan 2016 18:49
Mike Tyson has upgraded to a bigger house in his neighborhood and put his former home near Las Vegas up for sale. …
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Oil Market Tests Banks' Ability to Weather Losses

The New York Times - 20 Jan 2016 05:48
Oil Market Tests Banks' Ability to Weather Losses While plummeting oil prices are cutting into profits, they are not threatening big banks' capital cushions, analysts say, thanks to rigorous regulation.
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Stock-Market Rout: Where's the Fed?

Wall Street Journal - 20 Jan 2016 22:55
Part of what is spooking markets is central bankers don't look like they are about to swoop in for the rescue, and it is uncertain whether they could.
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Goldman's 4Q skewed by massive mortgage settlement

Miami Herald - 20 Jan 2016 18:04
Goldman Sachs's fourth-quarter profit was trimmed by 65 percent after last week's $5 billion settlement with state and federal regulators over its mortgage bond sales heading into the recession. …
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Leonardo DiCaprio is giving away $15 million to help save the planet Getty Oscar-nominated Leonardi DiCaprio is at the World Economic Forum in Davos, where he received a Crystal Award for "improving the state of the world." And on Tuesday evening, the actor pledged to give $15 million m...
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There’s no question that mobile is becoming the dominant channel that even small businesses have to pay attention to if they want to win and keep customers. A 2012 Kissmetrics infographic showed mobile on the rise, wit...
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U.S. businesses in China are voicing increased concern about unclear laws, perceived antiforeign sentiment and industrial overcapacity, adding to worries about uncertainty over the slowing Chinese economy.
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Low oil prices are accelerating the urge to merge among petroleum producers with the latest speculated deal being a tie-up between two new producers of liquefied natural gas (LNG), Australian-based Santos and Origin Ener...
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American Express prepares for plastic's inevitable demise "Don't leave home without it" is a slogan that you can actually leave home right now. American Express, which coined the phrase decades ago, is preparing for the inevitable demise of plastic, said chairman and chief exec...
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New Mexico sues Volkswagen over emissions scandal

Miami Herald - 20 Jan 2016 19:03
The state of New Mexico is suing Volkswagen over an emissions cheating scandal that involves millions of cars worldwide. …
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Shareholders sue Viacom for keeping Redstone in control Viacom doesn't yet have 99 problems, but it's getting close. The embattled media giant that owns MTV, Comedy Central and other popular brands, got hit with a double whammy on Tuesday -- a shareholder lawsuit accusing the...
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The Alaska Legislature convened Tuesday for the start of a legislative session expected to focus on addressing the state's multibillion-dollar budget deficit. …
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Saudi Arabia and Iran Tussle Over Exports to China

Wall Street Journal - 20 Jan 2016 05:35
Chinese President Xi Jinping arrived in Riyadh, starting a trip that puts his country at the center of a clash between Saudi Arabia and Iran over crude-oil sales, an issue at the core of the Middle East economy.
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Apple Sales Ban On Samsung: Here's Why It's Mostly Symbolic After dragging Samsung through courts for years, Apple finally scored a victory. A number of Samsung Galaxy devices are now banned from selling in the U.S., but it's more of a symbolic win for Apple.
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US consumer prices fell 0.1 percent in December

Miami Herald - 20 Jan 2016 18:44
U.S. consumer prices fell in December and rose by the smallest amount in seven years in 2015, reflecting the toll of slumping energy costs. …
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Consumer prices drop as falling oil costs push inflation lower Falling oil prices pushed the cost of living down in December, with the consumer price index declining for the first time in three months, the Labor Department said Wednesday. The index, which measures a broad array of c...
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Fidelity's $110 billion Contrafund remains loyal to Chipotle Thomson Reuters BOSTON
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Sergio Perez/Reuters Similar to other action taking place in major cities around the world, drivers of London’s iconic black cabs have been protesting against the presence of Uber ever since the ride-hailing company r...
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How To Drive Value-based Healthcare For Pharma, Hospitals And Insurance Healthcare in the U.S. is marching toward a value-based system, away from the fee-for-service model. Yet low cost, high quality healthcare is an ambitious goal, especially given the divergent objectives in the medical co...
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Goldman Sachs profit slumped for the third straight quarter as a settlement of crisis-era claims ate into earnings in a tumultuous three months.
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Rising Debt in Emerging Markets Poses Global Threat

Wall Street Journal - 20 Jan 2016 05:42
Mounting debt burdens in developing economies are imperiling prospects for global growth.
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