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Business News

Location American Business News for 25 Feb 2016

Arbitration Awards Against Stockbrokers Go Unpaid

Wall Street Journal - 25 Feb 2016 07:03
It isn't easy to win an arbitration award against a Wall Street stockbroker. What also is hard is getting paid.
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IMF Warns Of 'Highly Vulnerable' Global Economy

The Huffington Post - CA - 25 Feb 2016 04:36
IMF Warns Of 'HighlyWASHINGTON -- The International Monetary Fund said Wednesday that the global economy is "highly vulnerable" to adverse shocks and urged the United States and other major governments to prepare... contingency plans that could be rolled out quickly to boost growth. The IMF report said a fragile global recovery has weakened further in the face of increasing financial market turbulence, falling oil prices and diminished growth prospects in China and other emerging market countries. The lending agency said that the world's 20 largest economies should keep pursing growth strategies they have already unveiled. But it adds that G-20 nations should develop additional measures that could be implemented quickly if growth keeps wilting. The IMF report will be delivered at a meeting Friday and Saturday of...
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Bankrate shares plungeShares in Bankrate plunged 45% in pre market trading Thursday, after it failed to meet its earnings guidance.          
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Why Wall Street hates this man

USA Today - 25 Feb 2016 13:04
Why Wall Street hates this manBrad Katsuyama and his firm, IEX, want to change the way stocks are bought and sold          
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Marissa Mayer tries pushing Yahoo in New York

New York Post - 25 Feb 2016 05:16
Marissa Mayer tries pushingMarissa Mayer has launched a coast-to-coast campaign to save her job -- and New York is her latest stop. The embattled Yahoo! CEO is in the Big Apple this week, pitching her own vision for the future... of the slumping Internet giant to deep-pocketed financial firms, The Post has learned. Looking to buy more time...
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Shamed Serco shares soar butIn 2013 the support services firm was exposed for charging the Government millions for monitoring prisoners which it had actually failed to track.
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Mark Zuckerberg CondemnsIn a memo, Zuckerberg called out the "malicious" behavior of employees scrubbing "Black Lives Matter" from Facebook's office walls. In a private Facebook post obtained by Gizmodo, CEO Mark Zuckerberg... revealed that an employee or employees have been replacing the slogan "Black Lives Matter" with "All Lives Matter" on the message walls at Facebook's offices. According to Zuckerberg's memo, which was posted to an internal Facebook page for company announcements, this isn't the first incident of its kind. Read Full Story
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Why MoneyWeek is backing Brexit

MoneyWeek - 25 Feb 2016 18:35
Look through the short-term economic turmoil and get inspired by a long-term vision for Britain, says John Stepek. The post Why MoneyWeek is backing Brexit was first published on MoneyWeek.
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The EU is the cure that kills

MoneyWeek - 25 Feb 2016 18:30
Europe wouldn't be in quite the mess it's in if it wasn't for the European Union, says Merryn Somerset Webb. The post The EU is the cure that kills was first published on MoneyWeek.
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New Rule to Shift Leases Onto Corporate Balance Sheets

Wall Street Journal - 25 Feb 2016 18:13
Accounting rule makers issued a new rule Thursday that will require U.S. companies to add huge amounts of leases to their balance sheets and thus make many companies look much more leveraged.
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Town and company

The Economist - 25 Feb 2016 17:41
Town and companyWOLFSBURG has no cathedral, but two glass towers loom over the city. Inside them, robots whisk new Volkswagens into storage racks, an entertaining ceremony akin to a votive offering. The towers also... dominate the Autostadt, a sprawling, car-themed entertainment park and VW marketing wheeze, more popular than any other tourist site in Lower Saxony, a big German state. Since 2000, 33m car pilgrims have paid homage there; last year brought a record 2.42m visitors. (Even more devotees flock to BMW World, a rival in Munich). Those who tire of gawping at vehicles can refuel with VW-made sausages or ice cream. Many drive home in a new VW. Last year 168,000 cars, 28% of all the firm delivered in Germany, drove through the doors of the Autostadt's showroom. "People in Germany love cars," says a VW...
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Wall Street Quiet Even AsStocks opened higher on Wall Street as investors look to add to Wednesday's strong positive reversal. Overnight, the Shanghai composite plunged -6.4% and hit a three-week low. Rumors spread that... China's central bank injected another $52 billion into the money market to help stabilize markets. The ChiNext index which tracks small-cap Chinese stocks tanked -7.7% which clearly is not good for the global risk-on trade.
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Stocks open higher despite 6% drop in China

USA Today - 25 Feb 2016 16:49
Stocks open higher despite 6%Wall Street shrugs off a dip in oil prices and sharp drop in mainland China stocks.          
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How Mark Zuckerberg Should Give Away $45 Billion

The Huffington Post - 25 Feb 2016 16:37
How Mark Zuckerberg ShouldFor a long time, the way philanthropy worked was simple: Rich people gave their money to museums and churches and opera houses and Harvard. T -- This feed and its contents are the property of The... Huffington Post, and use is subject to our terms. It may be used for personal consumption, but may not be distributed on a website.
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IOL Mojo took to the streets to hear what people had to say about the South Africa 2016 Budget Speech.
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Thrive Market Thrive Market cofounders Gunnar Lovelace and Nick Green were rejected by more than 20 venture capital firms when they first tried to raise money for their health startup. The pitch was... this: The pair wanted to launch an online organic food and natural products marketplace, which would use a membership fee of $60 per year (think Costco) to slash prices 25-50%.    “[The venture capitalists] all wanted to just wait and see,” Green tells Business Insider. No one wanted to invest. But now they do. After 15 months in business, Thrive has hit an annualized run rate of $100 million, and has raised $58 million from the likes of Greycroft Partners, and celebrities like John Legend and Demi Moore. The company says it has over 180,000 paying users, and signed...
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Is Saudi Arabia ShootingWhy is Saudi Arabia signalling that it is willing to let the price of oil drift down to a rate that makes oil production unprofitable for even some members of OPEC? Is this a bold strategic move, or a... classic blunder?
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Why Small Business Owners Are Backing Donald Trump

The Huffington Post - 25 Feb 2016 15:46
Why Small Business Owners AreSome of the most generous donors to Donald Trump’s campaign thus far — other than the candidate himself — are people with jobs titles a lot like his. They just don’t... make quite as much money. Excluding retirees, the most identifiable contributions to the billionaire businessman have come from owners, presidents and CEOs, in that order, according to a Center for Public Integrity review of Federal Election Commission data through January. But they’re hardly corporate titans. They’re owners and operators of mostly small to mid-sized businesses. And while the companies themselves vary, the proprietors share a common trait. They are fed up with politicians. “Just get somebody in there who’s different,” said Anthony...
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Six Simple Tax Savvy Ways ToTaxes are complex, but these rules are surprisingly simple and surprisingly effective in keeping the IRS at bay.
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Why The U.S. Housing MarketIf you live in Coastal California, you don’t need national housing statistics to tell you that the housing market is in good shape – stick a “For Sale” sign in the yard and... there are dozens of offers within a few days.  If you are a seller or homeowner in the some of the less-than-hot spots, you can still take some comfort from the majority of indicators that suggest that the market is not only solid, but still improving. Worries about the state of the economy and the stock market justifiably create some jitters.  However, the factors that positively influence real estate, such as employment, interest rates, and low inventory, are likely to trump the detractors looking ahead into 2016.
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UK housebuilding hits seven-year high

The Guardian - 25 Feb 2016 15:25
UK housebuilding hitsConstruction on 37,080 new homes began between October and December 2015, up 23% on a year earlier The number of new-build homes being started and finished in England is at its highest level since... 2008, according to government figures. Construction on approximately 37,080 new homes was started between October and December 2015, up 23% on a year earlier, while 37,230 were completed, marking a 22% increase on the same quarter in 2014.
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Apple Sold 11.6 Million AppleThat puts the company in third place among wearable makers. In 2015, Apple sold 11.6 million Apple Watches, a new report from research firm IDC has revealed. That makes Apple the third-largest... wearable maker last year, a period during which the Apple Watch was only available for nine months. Read Full Story
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Federal reserve officials outInvestors are bracing for lots of Federal Reserve speak today. No less than 3 Fed presidents will be giving speeches on monetary policy and the economy. Richmond's Jeffrey Lacker addresses the... question 'can monetary policy affect economic growth'.          
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PnP to pilot spaza-to-store

IOL - 25 Feb 2016 14:43
Pick n Pay on Thursday said it would be opening its first-ever spaza-to-store pilot shop in Soweto this week.
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A child welfare advocate says misuse of predictive analytics traumatizes kids and puts them at risk. His criticisms hold lessons for any analytics application.
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