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Business News

Location American Business News for 15 Feb 2016

Hoverboards are coming soon to a store near you

New York Post - 15 Feb 2016 04:00
Hoverboards are coming soon toAmerica's biggest retailers are stocking up on hoverboards as fires, falls and rising restrictions fail to dent their popularity. Walmart and Toys 'R' Us, both of which sell the devices online, are... adding the two-wheeled, self-balancing scooters to their physical stores as soon as April as distributors and manufacturers ramp up production. During the holiday...
FDR had a top-secretIt is no secret now that Franklin D. Roosevelt had the unique challenge of hiding his crippling disease of what was believed to be polio throughout his terms as president. He went through great... lengths to hide this disease from the press and the public. One of his many tricks of disguise can still be seen on a secret track, hidden below Grand Central Terminal.  Produced by Justin Gmoser. Additional camera by Sam Rega.  Follow BI Video: On Twitter  
China guided its currency sharply stronger Monday against a tide of stumbling global financial markets, including the Chinese stock markets that reopened to sharp losses following a weeklong holiday.

High Street Sees Strong Start To The Year

Sky News - 15 Feb 2016 05:51
High Street Sees Strong StartShopping visits increased year-on-year for the first time since last March - and the increase was the strongest for two years.
While India isn't isolated from the current global crises, it is in much better shape than the rest of the world, said Rashesh Shah, CEO, Edelweiss Financial Services.

Formula E vs. Formula One

CNN - 15 Feb 2016 20:32
Formula E vs. Formula OneWhat are the major differences between F1 and Formula E? Here's a quick explainer.

Wall Street's Hidden Gem Is in Public Storage

Wall Street Journal - 15 Feb 2016 19:11
Public Storage, a real-estate investment trust, should benefit from favorable conditions when it reports fourth-quarter results on Tuesday.
China spurs biggest yuan rallyPBoC raised its daily fixing against the greenback by 0.3%, while offshore yuan rose 0.08% to 6.5035, broadly in line with the onshore rate

Best ways to safeguard financial identity

livemint.com - 15 Feb 2016 17:36
Best ways to safeguardIdentity theft is rampant and can be difficult to detect. Follow these steps to protect your money

FIPB clears 10 FDI proposals worth Rs 607 crore

The Economic Times - 15 Feb 2016 17:30
Besides Alstom Manufacturing, Cipla proposal of Rs 145.22 crore has been approved by the FIPB chaired by Economic Affairs Secretary Shaktikanta Das.
U.K. Sinha gets 1-yearWhile Sinha was initially appointed for a three-year term, he was later given a two-year extension
Will the Year of the MonkeyWhether the rally in the Indian markets will sustain or not depends to a large extent on the currency movement by China and the Indian govt's ability to stick to the fiscal consolidation plan
Alibaba Eyeing Buyout Bid withBottom line: Alibaba is likely to enter talks to buy a strategic stake in Groupon or even make a bid for the entire company, following its disclosure that it has purchased 5.6% of the U.S. company in... the open market.
No One Responding to YourYou can increase email response rates by 36% by toning down the technical jargon.
Rising Yen Adds to Abe'sThe economic campaign that Prime Minister Shinzo Abe began three years ago, known as Abenomics, relied on a relatively weak currency.
Markets are too focused on the country's short-run fiscal developments ahead of Treasury's Budget on February 24, says Nomura economist Peter Attard Montalto.
Global markets rally asJapanese stocks rocketed Monday after dismal growth data raised hopes of extra stimulus.          

Deutsche Bank will pay debts, Moody's says

USA Today - 15 Feb 2016 15:39
Deutsche Bank will pay debts,Moody's said Deutsche Bank would make the payments barring "a major, unforeseen event."          
The Chemical RollercoasterIf you suffer from sleep apnea, you’re probably already familiar with at least a few of its unpleasant effects – daytime sleepiness, fatigue, memory lapses, hair trigger emotional... responses and, in some cases, depression.  Intuitively it makes sense that up to 30 disruptions in sleep per hour (the average apnea stat proffered by sleep researchers) would lead to some psychological tumult in our waking hours, but less clear is exactly what these disruptions are doing chemically in the brain. A new study from UCLA researchers uncovers some answers.

One Percenters Get Their Own Special Social Welfare Deal

The Huffington Post - 15 Feb 2016 14:37
One Percenters Get Their OwnOne percenters have it all, extra houses, extra cars, even an exclusive legal defense if they kill, “affluenza,” to keep them out of jail. But until last week, they felt unfairly denied... access to the benefits of social welfare organizations, United Way, Habitat for Humanity and the like. Now, these are rich people, so they wanted special social welfare groups, ones that would solely benefit rich people. And that’s exactly what they got. The Internal Revenue Service gave it to them. The IRS declared that an association called Crossroads GPS is a nonprofit social welfare group. That makes Crossroads GPS a sibling to agencies like Little Sisters of the Poor, the American Red Cross, and the Humane Society. Except that Crossroads, spawned by Republican strategist Karl Rove,...
After surging 24.18 per cent to Rs 142 in intra-day trade, shares of the company finally ended at Rs 139.55, reflecting a sharp gain of 22.04 per cent.

Fed minutes could shed light on rate hikes

USA Today - 15 Feb 2016 14:03
Fed minutes could shed lightAlso this week: housing starts, industrial production and inflation          
VIDEO: Europe's steel crisis:Trade union representatives and the bosses of some of Europe's biggest steel firms are demanding urgent action by the EU to support Europe's steel industry,

SoftBank Announces Stock Buyback of About $4.4 Billion

The New York Times - 15 Feb 2016 13:39
It would be the biggest share repurchase the company has made.
BRUSSELS - European Union state aid regulators will examine a report by a group of EU lawmakers accusing Swedish furniture retailer IKEA [IKEA.UL] of avoiding paying at least 1 billion euros ($1.1... billion) in taxes over a six-year period.