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Business News

Location American Business News for 28 January 2016

Here's how Zappos' wacky self-management system works

Business Insider - 28 Jan 2016 17:59
Here's how Zappos' wacky self-management system works Zappos, the billion-dollar, Amazon-owned e-commerce site, has become known for its unusual corporate culture as much as it has for its wide shoe selection and stress-free customer service. Its visionary CEO, Tony Hsieh, ...
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The 8 richest people in Europe

Business Insider - 28 Jan 2016 18:46
Getty Images Europe is home to many of the most powerful and economically developed countries in the world, as well as more than 740 million people.  But only eight of the 50 richest people in the world come from the...
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A humiliating day awaits the Federal Reserve

New York Post - 28 Jan 2016 09:25
A humiliating day awaits the Federal Reserve Friday's the day that the Federal Reserve will be embarrassed -- yet again. The Commerce Department, at 8:30 a.m. on Jan. 29, will announce how healthy the US economy was in the fourth quarter -- and the answer is expect...
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Under Armour shares are going crazy -- and it's all about Steph Curry (UA) Under Armour Under Armour shares are going crazy after the company reported earnings and revenue that beat expectations.  And a big driver of the company's recent success comes down to one person: Steph Curry. Some of t...
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Samsung Electronics warns of difficult 2016 as smartphone market peaks SEOUL (Se Young Lee for Reuters) — Tech giant Samsung Electronics Co Ltd on Thursday warned of possible weaker earnings this year compared with 2015 due to softer sales of gadgets such as smartphones, a trend that is a...
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This man lifted a 2,524 pound car using a homemade 'Iron Man' suit James Hobson is an engineer and self-described "hacksmith" who designed a homemade exoskeleton that allowed him to lift a 2,524-pound Mini Cooper. Story by Ben Nigh and editing by Stephen Parkhurst Follow INSIDER on Fac...
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.foodwastemovie.com Collectively, we throw away a lot of food. In the US and Canada alone, we're wasting $6,000 worth of food every second. To prove just how much food is being tossed prematurely, Canada-based filmmakers...
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Flipkart and Udacity want a world without job interviews A world without job interviews sounds like a mighty fine place to live, so long as there are alternative ways to find a job. And this is world a world that Flipkart and Udacity are both looking to embrace. Indian e-comme...
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Shock Top Shock Top is making its Super Bowl debut this year, with an ad that the brand promises will be a departure from the traditional beer commercial. Actor and comedian T.J. Miller will star in the brand's first eve...
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Puerto Rico's power company said Thursday that it reached a new deal with bondholders as it seeks to restructure roughly $9 billion in debt. …
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(Reuters) - Wall Street was higher on Thursday morning, tracking a surge in crude oil prices, a day after the U.S. Federal Reserve gave little indication of slowing the pace of future rate hikes.
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The FCC is trying to save you hundreds on your cable bill

Business Insider - 28 Jan 2016 18:37
The FCC is trying to save you hundreds on your cable bill REUTERS/Mike Segar If you have cable TV, you're probably overpaying to rent a set-top box from your cable company – likely to the tune of hundreds of dollars a year. The Federal Communications Commission (FCC) is abou...
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Yellen Should Heed Apple CEO Tim Cook's Warning on Global Economy Stocks slide as Fed is stymied from countering unprecedented "extreme conditions" seen by Apple.
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Shining A Spotlight On Viacom Already Benefiting Shareholders SpringOwl's shining a spotlight on Viacom's under-performance is already helping shareholders.
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The U.S. Will Inflict Pain on Iran's Energy Plans, Once Again, As LNG Competition Heats Up Now that Western sanctions have been lifted from Iran’s energy sector, the country wants wants to sell its natural gas (the largest gas reserves on the planet at 1,201 trillion cubic feet) to the world. However, unfo...
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At an evening event held at PaperclipHK in Hong Kong's trendy Sai Yin Pun neighborhood, almost 100 people gathered to discuss the challenges faced by innovators. The event is one of many that is part of the weeklong Star...
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JetBlue profits surge as price of oil tanks (jblu)

Business Insider - 28 Jan 2016 18:42
Airbus JetBlue announced Thursday that its fourth quarter profits had more than doubled from $87 million to $190 million. For the year, profits for the New York-based airline rose from $401 million in 2014, to $677 mill...
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The CEO of Deutsche Bank would rather be running Wells Fargo REUTERS/Kai Pfaffenbach Deutsche Bank on Thursday reported a $7.4 billion loss for 2015 and announced that management's bonuses would be cancelled. The release was followed by a nearly three-hour phone call with CEO Jo...
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Faena House Billionaire hedge funder Kenneth Griffin — founder of hedge fund giant Citadel — is selling off his beachfront penthouse and adjoining condo in Miami Beach for a combined price of $73 million, the Wall St...
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Anyone that has owed money to the IRS knows that the penalties and interest is at least half the amount owed. The penalties and interest are substantial because the IRS usually takes about three years to discover the cas...
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Electronic Arts' share price plummets 7% as it offers conservative outlook for 2016 Publisher Electronic Arts is taking a small beating on Wall Street. EA’s stock is at $64.70 in after-hours trading, which is down more than 7 percent from its closing price of $69.79 when the closing bell rang earlier ...
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