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Business News

Location American Business News for 17 Feb 2016

Bryan Bedder/Getty Images for The New Yorker We live in a world where big data is idolized. By analyzing the data, we’ll be able to find answers to just about every problem known to man, whether... how to improve a pro basketballer’s free throw to which new product your company should launch next. There’s just one problem: People often ignore the data and do what they want to do anyway. They do this even if the data clearly shows they're wrong, points out New York Times best selling author Malcolm Gladwell. He was speaking at the Qualtrics Insights tech conference in Salt Lake City this week. He offered many examples: people who smoke, knowing full well it could kill them; affluent parents who refuse to immunize their children, even though the research that started the...
The Volkswagen brand was hit in January by its biggest fall in European sales since it was engulfed in a diesel emissions scandal last year.

S&P 500 out of correction as Dow gains 257

USA Today - 17 Feb 2016 23:06
S&P 500 out of correction asThe Dow is on track for its first three up days in a row since December.          

For Foundation Capital, Deals Proved Elusive

Wall Street Journal - 17 Feb 2016 19:51
Seven years after launching and having never closed a deal, Dean Barr has shut down the firm.

The Real Crisis Is for Bank Bonds, Not Banks

Wall Street Journal - 17 Feb 2016 16:48
Buyer beware: the turmoil in European bank debt is more about investors than the banks they invested in.

South Africa: The Failed State Risk

Forbes - 17 Feb 2016 16:18
South Africa: The Failed StateIt seems like only a matter of time before a major emerging market becomes a failed state. Emerging markets are all suffering from the commodity drought, their currencies have been slaughtered, a few... are already in recession, but there hasn’t been a total breakdown involving chaos, destruction or violent regime change in any country. You could argue that Venezuela is a failed state, but it was an isolated country to begin with and has little connection to Western economies.
Producer prices rise as foodPrices at the wholesale level rose 0.1% but core prices jump 0.4%.          

Bombardier to cut 7,000 jobs

USA Today - 17 Feb 2016 15:43
Bombardier to cut 7,000 jobsCanadian airplane and train manufacturer Bombardier plans to cut 7,000 jobs over the next two years.          
China's central bank injected an additional 10 billion yuan ($1.5 billion) in short-term loans into the banking system Wednesday, in a move aimed at ensuring liquidity after the Lunar New Year.
Bush Bailout Chief ChannelsA top Republican architect of the 2008 bank bailout stunned financial observers Tuesday with a speech calling on Congress to consider breaking up the nation's biggest banks, injecting an unlikely new... voice into a debate that has dogged the Obama administration and roiled the Democratic presidential race. “I believe the biggest banks are still too big to fail and continue to pose a significant, ongoing risk to our economy,” Neel Kashkari, a former Goldman Sachs executive who worked for Treasury Secretary Hank Paulson during the George W. Bush administration, said at the Brookings Institution in Washington. Kashkari, now president of the Federal Reserve Bank of Minneapolis, likened big banks to nuclear reactors and said the 2010 Dodd-Frank law championed by President Barack Obama...
Apple Plans $12 Billion Bond.Apple often uses the debt markets despite having $215.7 billion in cash, largely because most of that is abroad and would be taxed if brought home.
More Yahoo Employees Leave asThe exits include Dan Tynan, Yahoo Tech's editor-in-chief.

22 emojis everyone gets wrong

Business Insider - 17 Feb 2016 21:35
22 emojis everyone gets wrongHave you ever gotten a text that didn't make sense? Maybe the embedded emojis were to blame. As more emojis appear on our phones, the emotions they convey becomes more specific and nuanced. Many... of these emojis are being misused in texts because we misunderstand each's purpose. Here are 22 of these emojis and their real meanings. Produced by Rob Ludacer. Original Reporting by Gus Lubin and Skye Gould. Follow TI: On Facebook

2 Old Town mansions bought by out-of-state firms

Chicago Tribune - 17 Feb 2016 20:46
2 Old Town mansions bought byTwo buyers recently have purchased large single-family homes in Old Town for between $2.8 million and $3.1 million each. Records show that out-of-state limited-liability companies -- one based in... California and one created in New Jersey -- were the buyers of the two houses. On Jan. 26, a New Jersey-based...

Mahindra to assemble M777 howitzers

Business Standard - 17 Feb 2016 20:35
BAE Systems to start delivery in 6 months, $750 mn for 145 guns

Juno Therapeutics Stock Looks Like a Buy

Barron's - 17 Feb 2016 20:18
Juno Therapeutics Stock LooksShares have dropped 27% year-to-date and the drug developer has a number of catalysts on the horizon.
'The Flash' Season 2, EpisodeA mysterious prisoner calls the identity of one of The Flash's key allies into question, and may hint at the true identity of Zoom.
Lionel Messi scores anIn what Barca TV is calling an "impossible" trick shot, Lionel Messi netted a goal from behind the actual goal in a recent training session. It may not be literally impossible, but the angle is... ridiculous. Story by Tony Manfred and editing by Kristen Griffin Follow INSIDER on Facebook Follow INSIDER on YouTube
This Sports Illustrated modelModel Kate Bock went to the island of Malta for Sports Illustrated, and she says it's a must for any traveler. Story and editing by Adam Banicki Follow INSIDER Travel on FacebookFollow INSIDER on... YouTube

Here Comes The Stimulus Cavalry

Forbes - 17 Feb 2016 16:22
Here Comes The StimulusIt looks like the cavalry is on its way. Central bankers are now responding to deteriorating market conditions, and it appears we’re looking at a bounce. On Monday, while US markets were closed,... Draghi grabbed a microphone to reassure investors, saying if there are further “downward risks to price stability, (the ECB) will not hesitate to act.” You’ll recall he made similar a proclamation last October, only to disappoint markets in December with secondary rate cuts and an extension of QE – not an expansion. In theory, Draghi will have learned that talk is cheap for the ECB’s March 10th meeting, but in the meantime investors will likely let their imaginations run wild and buy risk assets.

Does ExxonMobil Really Support a Carbon Tax?

The Huffington Post - 17 Feb 2016 16:17
Does ExxonMobil Really SupportExxonMobil CEO Rex Tillerson (center) and Vice President of Public Affairs Kenneth Cohen (right) claim their company has supported a carbon tax since 2009. Before Kenneth Cohen retired from his post... earlier this year as ExxonMobil's longstanding vice president of public and government affairs, he published a blog reasserting the company's support for a revenue-neutral carbon tax. Cohen's December 2 column was part of a broader public relations campaign to deflect allegations that ExxonMobil had downplayed evidence its own scientists uncovered about climate change and defrauded its shareholders and the public at large. Cohen stressed that ExxonMobil believes "the risks of climate change are real and ... warrant constructive action" and traced the company's support for a carbon tax back to a...

Will Bernie Sanders End the Fed?

The Huffington Post - 17 Feb 2016 16:15
Will Bernie Sanders End theWhile Ron Paul made the Federal Reserve System a topic of conversation during the 2008 presidential cycle, there has not been much talk of the Fed in either the Democrats' or Republicans' debates. At... one Democratic debate the subject came up and the candidate I'm supporting, Bernie Sanders, said that he supports auditing the Fed. He has also supported Senator Rand Paul's bills to audit the Fed in the past. He should say more about his ideas for the Fed. The Fed controls inflation -- a massive transfer of wealth from the poor and middle class to the wealthy. If Senator Sanders wants to fight against a system rigged against the little guy, he would be wise to spend some time thinking about ending the Fed. It is no secret among my friends that when I was a performer I performed several times...
Square Makes Small BusinessAs Square prepares for its first earnings report next month, it needs to show that it is just more than a payments processor for small businesses.
U.S. housing starts fell 3.8% to a seasonally adjusted annual rate of 1.099 million units in January, the Commerce Department said Wednesday.
Gold prices are near steady in early U.S. trading Wednesday, as a bit more profit-taking from recent gains is being countered by traders ?buying the dip? and looking for a bargain. Increased trader... and investor risk appetite in the marketplace so far this week is a bearish element working against the safe-haven gold market.