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Business News

Location American Business News for 28 Feb 2016

Oscars 2016 Full List OfThe full list of nominees for the 88th Academy Awards in order of presentation
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Charles Yunck / Axel Springer SE Facebook founder and CEO Mark Zuckerberg sat down with Axel Springer CEO Mathias Döpfner for the German newspaper "Die Welt am Sonntag" last week in Berlin.... Zuckerberg was given the first-ever Axel Springer Award for being an exceptional innovator and entrepreneur. [This lightly edited Q&A is an excerpt from an interview given to Die Welt/Welt am Sonntag] Mathias Döpfner: Mark, on Facebook we learned that you were jogging at the Brandenburg Gate this morning. How was it? Mark Zuckerberg: It was good. It was the first time I have gone running in snow in 20 years.  Whenever I go to a new city, in order to help get on the right time zone and actually get a chance to see that city, I like running so today was awesome. Döpfner:...
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Rubio And Cruz Release Partial Tax Returns

The Huffington Post - 28 Feb 2016 05:38
Rubio And Cruz Release PartialSen. Marco Rubio (R-Fla.) and Sen. Ted Cruz (R-Texas) on Saturday released the first two pages of their tax returns for the last several years, with Rubio releasing joint returns from 2010... through 2014 and Cruz releasing joint returns from 2011 through 2014. Both men have been calling on Republican front-runner Donald Trump to disclose his own tax documents, with Saturday's release timed to amplify pressure on Trump ahead of Super Tuesday. "Donald Trump owes it to the American people to be fully vetted, and that includes releasing his tax returns so the voters can see the full financial picture," Cruz said after he released his returns late Saturday night. Trump claims he can't release his returns because he's being audited by the Internal Revenue Service. The IRS, however, has...
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Elena Zhukova/UC Berkeley/Facebook It's great to land a job right out of college — but it's even more exciting when that job pays well.  The Princeton Review recently compiled a list... of the 25 colleges with the best career placement in the country, featured in the book "Colleges That Pay You Back: 2016 Edition," published in February, based on students' ratings of career services at their school. The ratings also took into account median starting and mid-career salaries for alumni, using data from PayScale. Several of these schools, including the top three, focus strongly on engineering, technology, and other STEM-related fields, which typically earn higher than average salaries. 
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Credit debt at its highestWhile retailers found little to cheer about, it was a great holiday season for credit card companies. But that could be to the detriment of millions of Americans who are facing a debt trap. Consumer... debt, built in part on holiday season purchases, is moving toward its highest point since 2009, according to a new...
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3-D printing poised to shake up US manufacturing

New York Post - 28 Feb 2016 04:30
3-D printing poised to shakeZach Kaplan isn't waiting for the digital manufacturing revolution to ignite -- he's jump-starting it. Since President Obama sounded a clarion call three years ago for 3-D printing's "potential to... revolutionize the way we make almost everything," this formerly specialized technology has gone increasingly mainstream. Three-dimensional printed products -- like a woman's dress -- are...
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Warren Buffett lambasts DonaldThe billionaire investor used his annual letter to say why babies being born in the US are the luckiest ever and how he expects to live to 100 Warren Buffett has used his annual letter to Berkshire... Hathaway shareholders to lambast presidential candidates who talk down the nation's economic future as "dead wrong" - an apparent jab at Republicans and frontrunner Donald Trump. Related: Givers that keep on giving: the world's top philanthropists
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Valeant Isn't What the Doctor Ordered

Wall Street Journal - 28 Feb 2016 20:05
Valeant's fundamental risks are too severe to suggest the stock is poised for a lasting rebound.
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A microphone captured Republican presidential candidate Donald Trump telling New Jersey Gov. Chris Christie (R-) to "go home" after they appeared at a campaign event for the real estate mogul on... Saturday.
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Isabel dos Santos, Africa's richest woman, remains a controversial figure in Angola and Portugal--her portfolio of banks, retailers and telecommunications companies makes her an object of media... fascination and persistent speculation that her capital comes from her father's access to state oil revenues.
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How to save $1 million without trying

USA Today - 28 Feb 2016 16:06
How to save $1 million withoutIt's no secret that Americans need to save more. The issue -- at least in part -- is that saving requires sacrificing some of today's wants in favor of tomorrow's needs.      ...    
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This is what you get for $27.3Click for the story >
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Tax headaches 2.0 hit in warIf you've gotten a 5071C letter, you could be in for a big hassle.          
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These economic 'black swans' could rock global markets

Business Insider - 28 Feb 2016 15:24
These economic 'black swans'Societe Generale's quarterly set of "black swan" risks. NOW WATCH: How Marshawn Lynch -- who hasn't spent a penny of his NFL salary -- makes and spends his money
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Overdraft Practices ContinueThese banking fees are borne by ordinary consumers -- disproportionately by the poorest among them -- many of whom miss details tucked into fine print.
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Appeals Court Overturns $120Samsung has won its appeal in $120 million patent fight with Apple. An Appeals Court has overturned the decision that found the former had infringed on Apple patents.
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The bank will launch its credit card services in the first quarter of next fiscal
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Govt targeting two-fold jump in coal production to 1.5 bn tonnes by 2020
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The fast fall of a billion-dollar mobile app

New York Post - 28 Feb 2016 05:20
The fast fall of aSlightly more than a year ago, a sharply dressed, fast-talking Brit named Dan Wagner strode into The Post's offices. "You're going to remember this meeting for the rest of your life," Wagner began,... declaring that his London-based tech firm, Powa Technologies, was sure to become the world's most valuable company -- as in, more valuable...
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Here's why SpaceX canceled itsSpaceX on Flickr After postponing its second launch of the year twice in the last week, SpaceX announced that it is ready to try again on Sunday, Feb. 28 at 6:46 p.m. ET. Scrubbing a launch is not... uncommon in the rocket business, nor is it necessarily a sign that something is wrong with the rocket, or its cargo. There are a number of factors to consider when launching a rocket including weather, fuel temperatures, and boats that stray too close to the launch pad. And as of Thursday evening, the rocket was reportedly in good health. So why the cancellations? SpaceX was originally scheduled to launch the 11,750-pound SES-9 telecommunications satellite on Wednesday, Feb. 24 out of its launch site at Cape Canaveral in Florida. However, because of inclement weather, the SpaceX launch team...
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Here's how much money you makeVFS Digital Design/Flickr In 2012, Harvard Business Review named data scientist the "sexiest job of the 21st century." More recently, Glassdoor named it the "best job of the year" for 2016. ... "It isn't a big surprise," Dr. Andrew Chamberlain, Glassdoor's chief economist, told Business Insider. "It's one of the hottest and fastest growing jobs we're seeing right now." According to Glassdoor, data scientists earn a base pay of $116,840 a year, on average. Here's how much they rake in, on average, at some of the hottest tech companies, according to Glassdoor employee salary reviews: Facebook: $133,841 Apple: $149,963 Airbnb: $117,229 Twitter: $134,861 Microsoft: $119,129 LinkedIn: $138,798 IBM: $110,823 According to IBM's website: A data scientist represents an evolution...
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As a net energy importer, India has performed well economically. The social sphere, however, is a very different story
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Technical analysts recommend buying quality stocks

The Economic Times - 28 Feb 2016 23:59
They recommend investors to buy debt-free companies and other frontline beaten-down stocks that have displayed high resilience over the last few days.
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In a few situations, putting money aside for the future can be temporarily paused as other priorities are attended to first
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Police in Anaheim, Calif., said they are still searching for a man suspected of taking part in a violent confrontation Saturday between suspected members of the Ku Klux Klan and counter-protesters... that left several people injured and led to a dozen arrests.
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