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Business News

Location American Business News for 9 May 2016

Oil: What the Saudi Shake-Up Means

Wall Street Journal - 9 May 2016 21:03
The removal of Saudi Arabia's oil minister isn't bearish in and of itself for oil prices because policy was already set by the palace. But the pace of reforms bears much more watching.
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See if you can find the camouflaged Marine hiding in all of these pictures Marine Brent Downing is an expert in camouflage techniques of all kinds. He's so good that it's almost impossible to spot him, even when he's directly in front of the camera. Check out his tips on his YouTube page. Story...
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The French Laundry, Photographer: Deborah Jones Since its opening in 1994, chef Thomas Keller's iconic Napa Valley restaurant, The French Laundry, has drawn attention for its stunning presentation, fresh ingredients, and...
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Thomson Reuters Republican presidential candidate Donald Trump sought to clarify his remarks on raising taxes on Monday, saying he would not raise taxes on wealthy Americans but in any negotiations with Democrats in Cong...
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The 10 best-selling beer brands in the world

Business Insider - 9 May 2016 16:09
Tommie Hansen/Flickr The global beer market is on track to generate $688.4 billion in sales by 2020. So, in having just a couple of percentage points share of this market, a beer brand can be hugely lucrative. In recent ...
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Krispy Kreme Being Taken Private For $1.35 Billion JAB, which recently acquired Keurig, will pay all cash for the donut chain.
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Flood Insurance Bill Could Threaten the GSEs

American Banker - 9 May 2016 21:04
Flood Insurance Bill Could Threaten the GSEs The Consumer Mortgage Coalition is arguing that the bill has serious flaws by allowing private insurers to undercut pricing on federal flood insurance policies by offering high deductibles and exclusions to homeowners wi...
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This backpack lets you easily access the stuff inside without taking it off The Paxis backpack has a built-in fanny pack for easy access. You pull a tab, and part of the back unclasps so you can swing a compartment around to the front. It's a convenient way to access your important items while ...
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Tenaga deal positive for GMR, but investors ain't biting GMR will gain in at least two ways from its deal with Malaysian utility firm Tenaga Nasional--its debt will be trimmed and valuation of the energy business will get a major boost
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This beautiful Buddhist temple hangs off the side of a cliff more than 10,000 feet above sea level Tiger's Nest is an ancient Buddhist monastery located in the upper Paro Valley in Bhutan. Getting to it involves a super steep hike, but it's worth it. Written by Ian Phillips and produced by Stephen Parkhurst Follow INS...
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Investor's Attack On VW Profit Performance Stops Short Of Seeking End To Union Dominance TCI Fund Management launched a stinging attack on Volkswagen for failing shareholders and called for curbs on management pay, but fell short of urging reform of the company's most crippling problem: the power of labor un...
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Donald Trump just made a new mess while walking back his controversial plan for US debt Joe Raedle/Getty Images Donald Trump on Monday said it's "crazy" to think he'd try to negotiate his way out of full repayment of government bonds — despite what he suggested last week — but he did suggest another ...
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Shares crash after Lending Club ousts CEO

New York Post - 9 May 2016 16:36
Shares crash after Lending Club ousts CEO Lending Club, the online mortgage and loan provider, pushed out its Chief Executive and Chairman Renaud Laplanche after an internal review revealed the company sold $22 million in non-conforming loans to a single investo...
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The seemingly never-ending Greek debt crisis returned to the agenda, with the country trying to secure a fresh tranche of bailout money to keep it financially afloat over the summer.
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REUTERS/Lucy Nicholson The most expensive drug in history is a money loser that’s not reaching patients. In fact, it’s only been paid for and used commercially once since being approved in 2012. The medication in qu...
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Noteworthy Monday Option Activity: PSX, NFLX, LNG Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Phillips 66 (NYSE: PSX), where a total of 12,718 contracts have traded so far, representing approximately 1.3 m...
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Fed Flooded with Proposals to Make Faster Payments a Reality The Clearing House, Dwolla and Ripple Labs are among more than 20 companies that are vying to play a lead role in modernizing the U.S. payment system.
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The winning Powerball ticket estimated at $429.6 million was sold in New Jersey One winning ticket matched the numbers drawn on Saturday night for the multi-statePowerball jackpot for a payout estimated at $429.6 million, the ninth-highest U.S. lottery prize in history, officials said. The winning n...
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Apple, Cisco And These Tech Stocks Have Been Drags On The Dow This Year Despite being pulled down by these tech stocks, the Dow Jones Industrial Average is just 3.3% below its all-time high of 18,351.36.
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REUTERS/United Photos The investor group that runs the biggest pure-play coffee company in the world decided to add some sweetness to its menu. JAB Holdings and its partners are spending about $1.35 billion to buy Krispy...
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Ex-Dividend Reminder: Charles Schwab, CIT Group and Invesco Looking at the universe of stocks we cover at Dividend Channel, on 5/11/16, The Charles Schwab Corporation (NYSE: SCHW), CIT Group, Inc. (NYSE: CIT), and Invesco Ltd (NYSE: IVZ) will all trade ex-dividend for their respe...
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(Reuters) - Wall Street was little changed on Monday after Friday's lackluster U.S. jobs report suggested the Federal Reserve will raise rates just once this year, while cautious investors allowed for only a short-lived ...
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