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Business News

Location American Business News for 8 October 2016
A Winning Formula for Ameriprise's Papadoyannis He rose from humble beginnings to become a top-ranking financial advisor at Ameriprise Financial.
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A Top Fund Makes the Value Case for Verizon

Barron's - 8 Oct 2016 07:40
A Top Fund Makes the Value Case for Verizon The GoodHaven fund rides the value resurgence with holdings like Barrick Gold, WPX Energy, and Leucadia National.
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Public Retirement Reform: New Jersey Ponders the Path New Jersey walked right up to the edge of the public retirement cliff, took a good look and paused to think about it.
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Defense Shares Look Tempting

Barron's - 8 Oct 2016 07:53
Defense Shares Look Tempting Military budgets in Europe and the U.S. could rise, particularly if Trump wins. The allure of Raytheon, Dassault, and Thales.
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Animated map reveals the 550,000 miles of cable hidden under the ocean that power the internet Every time you visit a web page or send an email, data is being sent and received through an intricate cable system that stretches around the globe. Since the 1850s, we've been laying cables across oceans to become bette...
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Baxalta Could Help Boost Shire Shares More Than 25% The purchase will fill the biotech's pipeline with products that will help earnings and revenues for years.
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The Truly Scary Clowns: Central Bankers

Barron's - 8 Oct 2016 06:51
The Truly Scary Clowns: Central Bankers Central bank's stimulative policies are having little effect in adding jobs and boosting economies. And they're running out of steam.
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America's fastest growing companies

USA Today - 8 Oct 2016 14:30
America's fastest growing companies No. 1 on the list has had 252% revenue growth over the last three years.          
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We're on a collision course with the Andromeda Galaxy -- here's what will happen to Earth In 3.75 billion years, Earth's Milky Way Galaxy will collide with the Andromeda Galaxy. Over the next several billion years, the two galaxies will rip each other apart, eventually creating one elliptical galaxy. Produced...
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The national furor over rising drug prices is moving to the ballot box in California, where voters will decide how the state negotiates for prescription medications. The stakes are high: …
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Marissa Mayer accused of illegally firing men

New York Post - 8 Oct 2016 07:29
Marissa Mayer accused of illegally firing men A Yahoo media executive fired from the internet company last year has filed a lawsuit claiming a job review process implemented by Chief Executive Marissa Mayer was used to cut men from executive ranks and lay them off i...
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Most financial advisor hacks are dead wrong. You CAN comfortably retire on a modest $500,000 investment portfolio.
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Rentboy CEO pleads guilty to promoting prostitution

New York Post - 8 Oct 2016 05:38
Rentboy CEO pleads guilty to promoting prostitution The founder and CEO of Rentboy, at one time the largest gay-escort Web site, pleaded guilty Friday in Brooklyn federal court to the promotion of prostitution, and conspiracy to commit money laundering. Jeffrey Hurant fac...
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Applied Science: Conflict at Work? Empathy Can Smooth Ruffled Feathers Researchers found that forgiveness was more likely to occur when a victim actively empathized with the person who inflicted the perceived harm.
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Mylan Surges After Quickly Settling With DoJ Over EpiPen Medicaid Rebates Mylan will pay $465 million to settle with the Department of Justice over its classification of EpiPen in Medicaid rebate programs.
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How do Michigan lawmakers spend money? For curious taxpayers, it might require a map, census data and a Google search to get answers. Deep in the new budget that started …
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Turkish post-coup crackdown sparks democracy fears

Miami Herald - 8 Oct 2016 15:28
A dozen police officers, joined by officials from Turkey's treasury and the county's broadcasting watchdog, marched into the pro-Kurdish IMC-TV television station, sealed off its control rooms and forced the …
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How Wells Fargo's rivals make it harder for employees to create fake accounts For Estela Slikker, life as a personal banker at a Chase branch in the East San Francisco Bay city of Martinez wasn't easy. She worked long hours trying to open enough accounts to meet her monthly sales goals and earn bo...
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A $122,000 mistake: Choosing salary over retirement benefits When you do the math, a great retirement plan could be more lucrative than a great salary.          
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Relativity racked up $40M in fees while bankrupt

New York Post - 8 Oct 2016 04:59
Relativity racked up $40M in fees while bankrupt Sometimes what goes into bankruptcy should stay in bankruptcy. Or so it seems with Ryan Kavanaugh's embattled Relativity Media, which racked up more than $40 million in professional fees during its nine-month stint in Ch...
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You may want the highest possible price for your business but distinguishing what you want from what you need can be the key to a happy life after the sale of your company.
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Federal Reserve governor says blockchain is revolutionary, but still has to prove itself (Reuters) — The technology behind the controversial bitcoin electronic currency could lead to sweeping improvements in how financial transactions are carried out worldwide, Federal Reserve Governor Lael Brainard said o...
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