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Business News

Location American Business News for 12 February 2016

Here's what it takes to be the president's right-hand man

Business Insider - 12 Feb 2016 00:42
Here's what it takes to be the president's right-hand man Reggie Love served as President Obama's personal aide from 2009-2011. In his book, "Power Forward: My Presidential Education," Love breaks down his time as the president's assistant. Reggie told us about the skills it ta...
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Have Battered Banks Gotten Too Cheap? Jamie Dimon Thinks So, Buys JPMorgan Shares To hear JPMorgan Chase tell it, the U.S. economy looks pretty good and the bloodbath in the oil market over the last year-plus isn't causing any undue pressure on its balance sheet. The bank's chief executive put some mo...
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Saudi Arabia Is Winning Its War Against The U.S. Oil Industry A bit over a year ago, Saudi Arabia declared war on the U.S. oil industry. This week brought new signs that the Saudis might at last be winning. Some quick background: Saudi Arabia has long played the role of the "swing ...
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Japanese Stocks Fall to Lowest Levels in More Than a Year

Wall Street Journal - 12 Feb 2016 06:01
Japanese stocks plummeted Friday morning, sinking to their lowest level in more than a year as sharp declines overseas fueled investor anxiety.
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8 mistakes that make great employees leave

Business Insider - 12 Feb 2016 17:00
8 mistakes that make great employees leave Reuters LinkedIn Influencer Travis Bradberry published this post originally on LinkedIn. It's tough to hold on to good employees, but it shouldn't be. Most of the mistakes that companies make are easily avoided. When yo...
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Uber to pay $28.5M to settle safety ad lawsuits

Miami Herald - 12 Feb 2016 06:41
Uber said Thursday that it will pay $28.5 million to settle two lawsuits that said the ride-hailing firm misled customers about its safety procedures and fees. …
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Israeli Air Force to buy US refueling jets

Business Insider - 12 Feb 2016 20:21
Israeli Air Force to buy US refueling jets In light of the recent developments in the Iranian nuclear deal, the Obama administration has removed restrictions to sell the Boeing KC-46 Pegasus, an aerial refueling and military transport aircraft, to Israel. One o...
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Should Presidential Candidates Be Vilifying Physicians For The High Cost Of Medical Care? When asked what enemies she was proud to have made during her political career, Hillary Clinton mentioned, in order, “the NRA, the health insurance companies, the drug companies, the Iranians.” Pretty villainous comp...
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Another Russian tycoon just invested millions in Uber

Business Insider - 12 Feb 2016 16:40
Another Russian tycoon just invested millions in Uber AP/Alexander Zemlianichenko MOSCOW
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Japanese stocks plummeted Friday morning, sinking to their lowest level in more than a year as sharp declines overseas fueled investor anxiety.
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Surprise! Your Credit Score Matters More Than Ever In 2016 If you entered into adulthood after 2008, you probably became accustomed to thinking your cash savings are more likely to grow when safely tucked under your mattress than in most bank accounts, and that interest rates o...
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This is what $12.12 trillion worth of household debt looks like Household debt in the US increased slightly to $12.12 trillion for the fourth quarter of 2015, up $51 billion (0.4%) from the third quarter. "Mortgage balances, the largest component of household debt, were roughly fla...
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Wall Street Edges Higher At The Open, Still Down For The Week Stocks opened higher on Wall Street as risk assets try to bounce from deeply oversold levels. Oil prices are up over 7% as oil tries to bounce from the lowest level in over 12 years! Even with the steep rally today, oil ...
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Bernie Sanders Breaks With Obama On Wall Street Prosecutions

The Huffington Post - 12 Feb 2016 05:35
Bernie Sanders Breaks With Obama On Wall Street Prosecutions Former Secretary of State Hillary Clinton defended her Wall Street-funded super PAC during Thursday's Democratic debate by noting that President Barack Obama has used a super PAC and also accepted millions of dollars in ...
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Rapidly growing Chinese mobile market poses a challenge to Western businesses EXCLUSIVE: New data released today by Verto Analytics, a result of its new partnership with iResearch Consulting, shows that mobile apps are growing at staggering rates in China. If you look at the headline findings — ...
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Another Problem For Russia: European Natural Gas Prices Hit Record Lows It's bad news for Russia's state-controlled Gazprom if European natural gas prices stay this low for much longer.
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To improve on the notion of recruitment and staffing, one company has developed a staffing/consulting hybrid.
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Uber agrees to pay $28.5 million to riders -- see if you may be eligible for a refund Uber settled in a class-action lawsuit to pay $28.5 million to 25 million riders. The car service app was sued for misrepresenting their background checks as "industry leading." As part of the proposed settlement, Uber w...
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Stock markets around the world have turned on investors without notice, and with a vengeance. That's how Mr. Market is -- here today, gone tomorrow.
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Japanese Finance Minister Taro Aso sent a warning to investors Friday about the surging yen, saying the government will "act appropriately" in the currency markets if deemed necessary.
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Two industrial companies will be held liable for the cleanup of a toxic chemical that found its way into an upstate New York village's drinking water, the acting state environmental commissioner said Thursday. …
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New Lender Worry: Oil Firms Max Out Credit Lines

Wall Street Journal - 12 Feb 2016 02:13
Struggling oil and gas companies are maxing out revolving credit lines typically used to cover short-term funding gaps, raising fresh concerns about banks' exposure to the decline in energy prices.
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