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Business News

Location American Business News for 22 February 2016

Goldman Lowers Range of Reasonably Possible Legal Expenses

Wall Street Journal - 22 Feb 2016 19:04
Goldman Sachs lowered the top end of its range of "reasonably possible" legal expenses to about $2 billion, the Wall Street firm said in a regulatory filing.
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Shares Up, Pound Down on EU Exit Fears

NBC News - 22 Feb 2016 15:14
Shares Up, Pound Down on EU Exit Fears Shares rose in Europe and Asia, while sterling fell against the dollar and euro on concerns Britain may leave the European Union.
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HSBC Loss Adds to Worries About Dependence on Asia Growth

Wall Street Journal - 22 Feb 2016 08:44
HSBC said it swung to a fiscal fourth-quarter loss from a year-earlier profit, adding fuel to investor concerns that slowing growth in Asia will spark a rise in bad loans and lower revenue for the bank and its rivals.
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$100 Million Startup Reveals Innovation Weaknesses At IBM And Oracle A $2 billion market is small potatoes for a big publicly-traded company like IBM. But it can be a gold mine for a startup.
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Dear IRS: Like Apple And Google, I'm Offshore For Taxes Companies stash billions offshore exempt from U.S. taxes, but not American citizens, who are tax on their worldwide income and assets, even if they remain overseas. And FATCA and FBARs require that you report it all.
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Sysco to Acquire Brakes Group, a Food Distributor in Europe

The New York Times - 22 Feb 2016 18:39
Sysco to Acquire Brakes Group, a Food Distributor in Europe Sysco agreed to pay $3.1 billion in the deal, which will be subject to review by European Union competition authorities.
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Yahoo! lines up advisers to fend off pesky shareholders Yahoo! is quietly hiring advisers that specialize in defense against cage-rattling shareholders -- even as it responds to investor demands that it put itself up for sale, The Post has learned. The struggling Web portal -...
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The most expensive homes you can buy in 30 countries

Business Insider - 22 Feb 2016 20:26
Point2Homes Ready to play fantasy real estate? Let's take a jaunt around the world to check out the most expensive homes you can buy in 30 different countries, from Argentina to the U.A.E.  Point2Homes, an international...
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African Tech Startups Raised $185m In 2015

Forbes - 22 Feb 2016 18:06
A total of 125 African tech startups attracted $185-million in funding in 2015, according to a new report, which shows there is significant funding in solar, fintech and ecommerce projects.
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First Britain, Then Denmark? Betting on Brexit Risk

Wall Street Journal - 22 Feb 2016 09:05
Investors aren't worrying nearly enough about how markets will play out between now and the U.K.'s referendum on whether to leave the European Union.
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What marijuana does to your body and brain

Business Insider - 22 Feb 2016 03:00
What marijuana does to your body and brain Marijuana, best-known for its "feel-good" effects and touted for its ability to relieve various symptoms of illness and disease, can also be damaging, especially when overused. When weed's active ingredient, tetrahydroca...
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Wall St. Rises as Oil Price Surges

The New York Times - 22 Feb 2016 18:52
Chevron stock jumped 2 percent in the opening minutes of trading, one of the biggest gains in the Dow Jones industrial average.
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Aerospace, Automotive Among Worst Industries For Gender Equality: Report Technology and finance were both ranked in the middle third, with 56% and 57% of respective respondents feeling their employers treat them as they do men.
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Toys 'R' Us Poses a Test for Junk-Bond Markets

Wall Street Journal - 22 Feb 2016 08:42
Wall Street has long wondered what would happen if a wave of refinancing met with a weakened junk-bond market; Toys 'R' Us will be an early test case.
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6 Mind-Blowing Smartphone Advancements

inc - 22 Feb 2016 23:04
6 Mind-Blowing Smartphone Advancements The Samsung Galaxy S7, the LG G5, super-fast Verizon 5G--they are all on the horizon.
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A New Documentary Reveals A One-Dimensional Face Of Big Data The Human Face of Big Data, a new documentary, is a paean to information technology and computerization.
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Investors hope fresh data dispels recession fears Many stock investors have been pricing in a U.S. recession, but Wall Street is hoping incoming data this week reduces contraction fears.          
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Will Argentina's Economy Finally Start To Recover In 2016? Argentina will be an interesting country for investors to watch in 2016. Like the rest of Latin America, Argentina faces a difficult external environment for commodity exports. Argentina posted a $3 billion trade deficit...
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This Big Indian Bank Can Manage Bad-Loan Woes

Wall Street Journal - 22 Feb 2016 09:02
ICICI, India's largest private-sector bank, should be able to withstand the pain from cleaning up its loan book.
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Bank of America's Newest Mortgage: 3% Down and No FHA

Wall Street Journal - 22 Feb 2016 09:00
Bank of America Corp. is rolling out a new-mortgage product that would allow borrowers to make down payments of as little as 3%, in a move that would represent an end run around a government agency that punished the bank...
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Bitcoin Agreement Promises To Break Impasse, Leads To Jump In Value After a year of rancorous debate, two dozen members of the Bitcoin community forged an agreement in Hong Kong. The currency rose to highs not seen since mid-January.
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Complaint filed in federal court alleges fraud and breach of contract in ousting of founder Plaintiff seeks $10 million in compensatory damages and $30 million in punitive damages …
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