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Business News

Location American Business News for 28 August 2016

Sears workers reveal why the company is bleeding cash

Business Insider - 28 Aug 2016 01:11
Sears workers reveal why the company is bleeding cash Reuters Sears is bleeding cash. The company's cash and equivalents have fallen to $276 million from $1.8 billion one year ago, Sears said Thursday. The company's sales have been falling for years and it has been shutti...
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China's middle class is exploding

Business Insider - 28 Aug 2016 03:09
China's middle class is exploding Reuters The American consumer has been a central driver of the global economy for decades. Fortunately for the overburdened American consumer, China’s middle class is going to be picking up more of the slack. China’s...
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Silicon Valley investor says the IRS should drop its audit of Donald Trump Brian Ach/Getty Images for TechCrunch Sam Altman, the Silicon Valley investor behind the venture-capital firm Y Combinator, has some thoughts about Donald Trump's tax returns. Tweeting from his personal account on Saturd...
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Mobile gaming rules TV in the dog days of summer

Venture Beat - 28 Aug 2016 00:00
Mobile gaming rules TV in the dog days of summer GUEST: Apparently, viewers are hyped on vikings, race cars, and mobile militaries With no console games charting, mobile brands dominate the leaderboard, featuring familiar names like Supercell, Machine Zone and King. Ou...
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Is doomsday inevitable for Venezuela?

USA Today - 28 Aug 2016 00:30
Is doomsday inevitable for Venezuela? Venezuela has been hit by the 24 months collapse in oil prices.          
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Booed off stage: 5 things standup comedy taught me about launching a startup GUEST: In September 2013, I sold my second startup, automated lead-generation platform Marketfish, and found myself with the free time to pursue one of my great passions on the side of my professional pursuits: standup c...
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Mylan's EpiPen Price 'Cut' An Outdated Drug Industry PR Move Even paying patient EpiPen copayments isn't blunting Mylan Pharmaceuticals 400% price increase for the live-saving auto-injection treatment for allergy sufferers.
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How a U.S.-Venezuelan link helps oil exports

USA Today - 28 Aug 2016 13:32
How a U.S.-Venezuelan link helps oil exports U.S. crude is finding markets around the world now that an export ban is no more.          
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What can we do about incompetent management companies that waste money? Question: Our homeowners association is going on our third manager and management company in four years -- an experience that has wasted countless hours and money. The work we need to be done gets hijacked by managers wh...
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This Suburban Dad Positioned His One-Man Business To Break $2 Million This Year Not many people break $1 million in a one-person business. Laszlo Nadler, whose startup appeared in this blog last year, blasted through that milestone in 2015. This year, the father-of-two, based in East Brunswick, N.J....
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JACKSON HOLE, Wyo.
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Viacom eyes BuzzFeed as it seeks to connect with millennials It's funny how frequently Viacom board member Ken Lerer has been cropping up in news stories of late. Lerer, the onetime AOL communications boss who went on to make millions in digital tech investing, apparently hosted m...
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The Bank of Japan is worried about a stock market crash

Business Insider - 28 Aug 2016 01:04
The Bank of Japan is worried about a stock market crash REUTERS/Toru Hanai No central bank of a developed country equals the Bank of Japan in trying to manipulate the stock market up by buying equities. The BOJ has done this for years. With breath-taking ineffectiveness. So o...
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Trouble's brewing in Canada

Business Insider - 28 Aug 2016 19:00
Trouble's brewing in Canada REUTERS/Victor Fraile There’s trouble brewing in the Great White North. Jared Dillian, former Lehman Brothers trader and noted financial writer, says that low oil prices have hurt the Canadian economy and the real esta...
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City officials and a local Realtor still hope to fill a city-owned, 173-acre industrial park that has been vacant for the last seven years. …
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Health-care exchange sign-ups fall far short of forecasts

Washington Post - 28 Aug 2016 06:08
Health-care exchange sign-ups fall far short of forecasts Several companies, citing financial losses, stop offering plans, which may leave some markets with only one insurer.
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Math Camp shuttering Shorts and Roll apps on August 30 following Pinterest acquisition More than a month after it was acquired by Pinterest, Math Camp announced in emails to users that it is shutting down its photo sharing apps Shorts and Roll at 12:01 a.m. on August 30. The company advises that you should...
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Should The Boss Apologise For Having An Affair? The British Press is calling its latest sex scandal “Lloyd’s Bonk”. The nation’s largest retail bank, still partly owned by the UK government has been caught with its trousers down. Or, rather, the man in charge ...
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The Case For The Girl Power Coffee Date

Forbes - 28 Aug 2016 21:23
The Case For The Girl Power Coffee Date It was Eataly's Nutella Bar where I first met Samantha Rose, the founder of GIR. Amidst the crowds, we stood at a counter and chatted over coffee...
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How multi-platform thinking helped Swell reach 100,000 users in one month GUEST: The moment I’m writing this, our bot Swelly has 33,349 daily active users sending 533,176 messages.. It was about two months ago when we first thought that bots could be an interesting space for us. We always th...
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Dexmo Exoskeleton glove helps you feel objects that exist in VR A company called Dexta Robotics recently unveiled a new product that could end up revolutionizing the way VR hand-tracking and interaction takes place. It's called the "Dexmo," and it is a futuristic looking exo-skeleton...
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Here are three small mistakes that might have had big (and negative) consequences:
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