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Business News

Location American Business News for 8 August 2016
Capital values in the City of London fall 6.1% on the month, dragged down by economic unease following the U.K.'s vote to leave the European Union, according to property broker CBRE.
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Why TIAA's Big Acquisition Should Make Bankers Nervous

American Banker - 9 Aug 2016 01:05
Why TIAA's Big Acquisition Should Make Bankers Nervous By buying EverBank Financial, the insurance and retirement savings behemoth will gain billions of dollars in low-cost deposits and access to many new lending products that it can offer to millions of clients.
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2046 is the last year your CEO has a business major

Venture Beat - 8 Aug 2016 02:10
2046 is the last year your CEO has a business major GUEST: A quick Google search for top CEOs will yield a list of well-known names like Jeff Bezos, Mark Zuckerberg, Sergei Brin and Larry Page. Not surprisingly, these CEOs have a lot in common - they've built successful c...
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Monday Sector Laggards: Healthcare, Services In afternoon trading on Monday, Healthcare stocks are the worst performing sector, showing a 0.8% loss. Within that group, Bristol-Myers Squibb Co. (NYSE: BMY) and Patterson Companies Inc (NASD: PDCO) are two large stock...
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FINRA arbitration panel rules the wirehouse made "defamatory statements" to clients of a Florida advisor let go in 2014.
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Here's how each country is doing at the Olympics

Business Insider - 8 Aug 2016 22:13
Here's how each country is doing at the Olympics The 2016 Summer Olympic Games are on, and the medals are flowing. Using medal counts helpfully assembled by Google, we've put together a running count of how many gold, silver, and bronze medals each country participatin...
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Troubled Thailand Moves Toward Stability, A Boon To Investors, As Voters OK Constitution This political shift is hardly Taiwan’s switch from authoritarianism to democracy in the 1980s or end to quasi-military rule for Myanmar in 2012. But on Sunday voters in Thailand approved a constitution allowing a meas...
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Jet.com reportedly to be acquired by Walmart for $3 billion Jet.com reportedly will be acquired by Walmart in a deal said to be worth $3 billion, the culmination of talk that first made waves last week. Under the terms of the deal, Jet cofounder and chief executive Marc Lore will...
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Japanese shares trade higher on strong US jobs numbers Japanese shares start the week higher, following Friday's strong US jobs figures.
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Embattled fintech company LendingClub saw shares fall amid leadership changes and a wider-than-expected earnings loss.
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Alan Greenspan And Marc Faber Agree The Fed Has Reached Zero Hour The U.S. has become dependent on the Federal Reserve's monetary policy to manage the economy. However, even though the Fed has kept interest rates at historic lows for the past 8 years, the economy's growth has been anem...
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Want to Know Walt Disney's Score? Watch ESPN

Wall Street Journal - 9 Aug 2016 00:05
Disney's earnings will show the outsize impact ESPN still has on the slumping stock.
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Top Buys by Directors: Farr's $174.6K Bet on PII The directors of a company tend to have a unique inside view into the business, so when directors make major buys, investors are wise to take notice. Presumably the only reason a director of a company would choose to tak...
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Notable Monday Option Activity: PCLN, BMY, HES Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Priceline Group Inc. (NASD: PCLN), where a total volume of 13,367 contracts has been traded thus far today,...
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A long-awaited movie theater is expected to open off the N.C. 55 Bypass in Holly Springs this fall with several other nearby restaurants and retailers to follow in Holly Springs …
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Piramal Enterprises plans to raise Rs2,050 crore via NCDs The non-convertible debentures, comprising both fully and partly paid, will be issued in one or more tranches from time to time
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Relative Strength Alert For Great Plains Energy The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics — ...
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Notable Monday Option Activity: FB, JCP, CHTR Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Facebook Inc (NASD: FB), where a total of 105,733 contracts have traded so far, representing approximately 10.6...
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Why Mattress Firm May Give Steinhoff Sleepless Nights

Wall Street Journal - 8 Aug 2016 22:41
It remains unclear why the South African conglomerate is paying such a high price for the U.S. mattress retailer.
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Monday Sector Leaders: Energy, Materials

Forbes - 8 Aug 2016 22:33
Monday Sector Leaders: Energy, Materials In afternoon trading on Monday, Energy stocks are the best performing sector, up 2.2%. Within that group, Marathon Oil Corp. (NYSE: MRO) and Tesoro Corporation (NYSE: TSO) are two of the day's stand-outs, showing a gain ...
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Goldman Sachs Group's Preferred Stock, Series K Yield Pushes Past 5.5% In trading on Monday, shares of Goldman Sachs Group Incorporated's 6.375% Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series K (NYSE: GS.PRK) were yielding above the 5.5% mark based on its quarterly dividend (...
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What $100 Can Buy, State by State

The New York Times - 8 Aug 2016 19:35
What $100 Can Buy, State by State The value of a dollar varies dramatically across the country, and the federal government now measures the variations.
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