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Business News

Location American Business News for 4 May 2016

Death Of A $35 Billion Oil Deal

Forbes - 4 May 2016 03:58
Death Of A $35 Billion Oil Deal On Sunday, the Justice Department finally won the day. With pressure mounting from the agency, Halliburton and Baker Hughes, the second and third largest oil services companies, respectively, abandoned their proposed me...
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A park in Singapore is home to solar-powered 'supertrees' and an incredible indoor waterfall Singapore's Gardens by the Bay is a giant waterfront park full of stunning sites, like solar-powered "supertrees" and a 115-foot indoor waterfall. Written and produced by David Fang, footage courtesy of TheVintageVision...
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Man who inspired Gordon Gekko character sued over loan debt A Las Vegas casino family bet on the stock trader who inspired the Gordon Gekko character in "Wall Street," and lost, according to a $1 million lawsuit. Allison Doumani, whose father-in-law once owned the Tropicana Hotel...
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MetLife fined $25M in 'too-big-to-fail' fight

New York Post - 4 May 2016 05:05
MetLife fined $25M in 'too-big-to-fail' fight MetLife was fined $25 million on Tuesday for an alleged five-year sales scam -- the latest hit against the insurance giant after a probe that barred two of its brokers from the securities industry. The Financial Industry...
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Takata Airbag Defect Is Traced to Moisture and Temperature

The New York Times - 4 May 2016 20:35
Takata Airbag Defect Is Traced to Moisture and Temperature Based on the findings of three investigations, American regulators will order replacements in 35 million to 40 million vehicles.
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From The Industrial Age To The Information Age: Where Have All The Factories Gone? When GE announced in March that it had settled on a property for its highly anticipated 2018 move to Boston, it became one of a growing number of businesses to renovate existing industrial space rather than take up resid...
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Why Not Putting Your Customers First Is the Key to Keeping Them Happy Creating great customer experiences starts with focusing on your employees first.
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Wall St. Is Down After Weak Jobs Report

The New York Times - 4 May 2016 16:05
The payroll processing company ADP reported that businesses added jobs at the slowest pace in three years last month.
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The State Council’s latest plan to rescue the economies of the northeast by 2020 might not be enough to overcome the magnitude of the challenges facing the rust-belt provinces, analysts say. The government tried but fa...
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Improve Your Resume by Turning Bullet Points into Stories

Harvard Business Review - 4 May 2016 18:00
Examples from real CVs.
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Weak U.S. hiring report sends stocks lower

L.A. Times - 4 May 2016 16:50
Weak U.S. hiring report sends stocks lower U.S. and global stock indexes were lower for a second day Wednesday, following a dismal report on job creation that gave investors concern over the state of the economy. The data follow Tuesday's round of economic news o...
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Why a big clothing retailer is trying an Amazon Prime-like subscription Lands' End wants shoppers to pay $50 a year for free shipping, free returns, and special discounts. Will shoppers pony up?
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Big Changes Are Coming to Apple Music

Time - 4 May 2016 16:08
Big Changes Are Coming to Apple Music Apple wants to improve the streaming service a year after its launch
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Bill Gross: Robots Are Taking Over, So Guarantee Income For Everyone "If that strikes you as a form of socialism, I would suggest we get used to it."
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Alibaba Shares Could Reach $130

Barron's - 4 May 2016 12:04
Alibaba Shares Could Reach $130 Should heightened macro concerns end, the stock should trade at a price/earnings to growth multiple of 1.0 times.
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Flickr/frankieleon Next time you see someone spilling a drink in a bar, you could actually be witnessing a spy secretly decoding an encrypted message. This might sound like something from a Bond movie. But a team from Is...
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North America pushes up Ingenico's success

Business Insider - 4 May 2016 05:30
North America pushes up Ingenico's success BII This story was delivered to BI Intelligence "Payments Industry Insider" subscribers. To learn more and subscribe, please click here. Europe-based point-of-sale (POS) terminal provider Ingenico announced strong Q1 201...
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Fairway files for Chapter 11 bankruptcy

New York Post - 4 May 2016 05:18
Fairway files for Chapter 11 bankruptcy Fairway Market isn't going away -- yet. The struggling grocer filed for Chapter 11 bankruptcy protection on Tuesday after reaching a deal with its secured lenders to cut about $140 million in debt and provide $55 million...
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Activist-Pressured Comerica Abruptly Replaces CFO

American Banker - 4 May 2016 00:26
Activist-Pressured Comerica Abruptly Replaces CFO The $69 billion-asset company in Dallas said in a press release Tuesday that Karen Parkhill resigned on Friday to "pursue other opportunities." Parkhill, who had also been the company's vice chairman, had been with Comer...
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Samsung extends 'Made With Samsung' program to game developers EXCLUSIVE: Global tech giant Samsung is announcing today that its Made With Samsung program for promoting mobile apps will be extended to independent game developers. That means that game developers will get considerable...
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Tesla met Wall Street's quarterly estimates and said it moved up its 500,000 unit build target by two years because of Model 3 demand.
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Whole Foods Market posted an earnings beat Wednesday on the back of record total sales for the quarter.
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