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Business News

Location American Business News for 7 March 2016
$30 Million A Year On The Line For Maria Sharapova After Failed Drug Test The brand of the world's most marketable female athlete is under fire after a failed drug test.
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Why 27 Years Without An FDA-Approved Drug Is Still A Major Medical Contribution Medicinal chemist and industry scientist blogging pioneer Derek Lowe says he's an example of why drug prices are high. What he doesn't say is why his failures are essential to bringing safe and effective drugs to market.
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Bloomberg prepares for life without Michael Bloomberg Since returning to the financial information company that bears his name, Michael Bloomberg has presided over two years of robust expansion and record profits, all while laying the groundwork for his second departure -- ...
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What do the judges think?
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U.S. Disrupts China's Technology Plans

Wall Street Journal - 7 Mar 2016 09:25
A possible U.S. export ban on components destined for Chinese tech giant ZTE shows how reliant China remains for foreign hardware.
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S&P 500 Analyst Moves: LLY

Forbes - 7 Mar 2016 18:51
The latest tally of analyst opinions from the major brokerage houses shows that among the components of the S&P 500 index, Eli Lilly & Co. (LLY) is now the #70 analyst pick, moving up by 4 spots.
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Wall Streeters are taking a big bonus cut

Business Insider - 7 Mar 2016 16:39
Margin Call screenshot Wall Streeters are taking home disappointing bonuses this year. The average bonus for folks in the securities industry in New York City dropped to $146,200 last year from $160,280 in 2014, accordi...
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United Continental CEO Oscar Munoz Returns To Work March 14 After Medical Leave After undergoing a heart transplant surgery in January, United Continental president and CEO Oscar Munoz will resume his role as head of the airlines on Monday, Mar. 14. The company said that Munoz had already started pa...
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South Korea's central bank will likely keep its policy rate unchanged at the current record low 1.5% for the ninth consecutive month when its policy board meets later this week.
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In trading on Monday, oil & gas exploration & production shares were relative leaders, up on the day by about 7.2%. Leading the group were shares of Linn Company LLC (LNCO), up about 92.8% and shares of EP Energy Corpora...
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(Reuters) - Chinese e-commerce giant Alibaba Group Holding Ltd's arm, Ant Financial Services Group, is seeking a valuation of nearly $60 billion in its current round of funding, a person familiar with the matter said.
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Solar energy is poised for an unforgettable year

Washington Post - 7 Mar 2016 04:47
New statistics released last week by the U.S. Energy Information Administration suggest that in the coming year, the booming solar sector will add more new electricity-generating capacity than any other -- including natu...
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Tech Companies, New and Old, Clamor to Entice Cloud Computing Experts As some tech sectors show signs of slowing, cloud services have created remarkable demand for highly educated engineers and mathematicians. And they are being compensated very well.
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Getty/ AFP The Commonwealth Bank is fighting new claims of unethical and unscrupulous behaviour, this time in its life insurance business, CommInsure, as Australia's biggest bank is still trying to repair the damage caus...
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It's official: Wall Street bonuses are down 9% to $146,200 Wall Street bonuses have fallen to their lowest levels in three years.          
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Pottermore In an exclusive Entertainment Weekly video announcement, "Harry Potter" fansite Pottermore announced the pending arrival of brand new writing from J.K. Rowling. The stories will focus entirely on the existenc...
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Supreme Court unanimously recognizes a lesbian's parental rights over 3 adopted kids Thomson Reuters The U.S. Supreme Court on Monday overturned an Alabama judicial ruling that refused to recognize a gay woman's parental rights over three children she adopted with her lesbian partner and raised from birt...
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Uber Leaked Data Suggest Thousands Of Rape, Sexual Assault Complaints But Ride Sharing Service Says That's Not Accurate Uber's data on complaints got leaked, and it revealed that it consists of thousands rape and sexual assault cases. However, the ride-hail company says that those figures are false.
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Inflows into equity mutual funds drop to 21-month low in February Inflows into equity mutual funds dropped to Rs2,522 crore, the lowest since April 2014, as markets remained weak
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A gunman who killed one man, shot and injured two more and held a number of people hostage in a six-hour siege in south-western Sydney has died, NSW Police say. Police and emergency services responded to reports of a sho...
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Shake Shack reported quarterly earnings and revenue that beat analysts' expectations on Monday.
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Did The Government Really Give Away The 'Yosemite' Trademark? Two of my very favorite things have just crossed paths: trademarks and America’s national parks. Yellowstone is known for its seismic activity, but Yosemite may be outdoing its rival park with groundbreaking developmen...
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