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Business News

Location American Business News for 26 January 2017

Jeremy Grantham: Why Donald Trump Won

Barron's - 26 Jan 2017 12:10
Jeremy Grantham: Why Donald Trump Won American workers elected a billionaire to save them from the rich and powerful, writes the famed money manager.
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Investing in Whisky? Future of Scotch Looking Golden Again

Wall Street Journal - 26 Jan 2017 17:24
Strong results from drinks giant Diageo signal a revival in demand for one of the U.K.'s key exports.
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Is a 1994 trade deal with Mexico really as one-sided as President Donald Trump claims? Does Mexico benefit much more than the United States? A close look at trade between the two countries shows the answer is not cut and...
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Don't Cry for the TPP

Harvard Business Review - 26 Jan 2017 21:20
The trade deal was hopelessly flawed.
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VW Executive, Hired to Help Reform Carmaker's Culture, Is to Leave Job The surprise departure of Christine Hohmann-Dennhardt raises questions about the company's willingness to change after the diesel deception scandal.
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Apple sues Qualcomm in China over technology fees

Miami Herald - 26 Jan 2017 08:07
Apple Inc. has filed suit in China challenging Qualcomm Inc.'s fees for technology used in smartphones two years after Chinese regulators fined the chipmaker for its licensing practices. Two lawsuits …
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Judge rejects $80 million penalty in Walmart truck drivers lawsuit Justin Sullivan/Getty Images SAN FRANCISCO (AP) — A federal judge on Wednesday refused to force Wal-Mart to pay $80 million in penalties in a lawsuit alleging the retail giant failed to pay hundreds of truck drivers in...
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Salon Media stock surges as hedge fund eyes deal

New York Post - 26 Jan 2017 07:17
Salon Media stock surges as hedge fund eyes deal Shares of Salon Media surged 225 percent in heavy trading on Wednesday -- one day after The Post reported exclusively that hedge fund Spear Point Capital was interested in taking a controlling stake in the ailing Web pro...
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Ex-Goldman programmer taking too much of the blame

New York Post - 26 Jan 2017 06:52
Ex-Goldman programmer taking too much of the blame With all the nonsense that occurred during the last financial crisis, nobody got punished except Sergey Aleynikov. He was a computer programmer for Goldman Sachs who was accused, convicted, un-convicted, then accused and...
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DuPont-Dow merger may signal how EU will handle Bayer-Monsanto Bayer's $66 billion acquisition of Monsanto will likely not get past European regulators if they stop Dow Chemical and DuPont from merging, a dealmaker close to the situation said. Dow and DuPont said this week it would ...
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Craftsman trademark change may confuse customers

New York Post - 26 Jan 2017 05:31
Craftsman trademark change may confuse customers When the 89-year-old Craftsman trademark changes hands later this year, consumers could be in for a bumpy ride. In a rare retail occurrence, the popular tool brand will be manufactured by two unaffiliated and independent...
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An internal audit has revealed that a single department at the University of Texas has run a deficit of $15 million and officials say the number could grow to $25 …
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A 3-Step Plan for Turning Weaknesses into Strengths

Harvard Business Review - 26 Jan 2017 21:05
Most of us never make a real effort to change, but we can if we try.
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JPMorgan gives Intuit access to customer data (INTU, JPM)

Business Insider - 26 Jan 2017 18:43
JPMorgan gives Intuit access to customer data (INTU, JPM) BI Intelligence This story was delivered to BI Intelligence "Fintech Briefing" subscribers. To learn more and subscribe, please click here. In late 2015, several major US banks upset customers and fintechs when it emerge...
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The miracle material that could change the world

MoneyWeek - 26 Jan 2017 18:01
Graphene is 200 times stronger than steel and more conductive than silicon. Matthew Partridge investigates how to profit from it. The post The miracle material that could change the world was first published on MoneyWeek...
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Why Warren Buffett Keeps Framed Reminders of Awful Moments in Economic History Find out why in an exclusive clip from the new HBO documentary Becoming Warren Buffett
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T-Mobile Offering Free Hulu To Customers Switching From AT&T T-Mobile will offer a free year of Hulu service to customers who switched over to the carrier from AT&T. The free service is being offered due to the failure of DIRECTV NOW to provide quality service.
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Google slips of record highs ahead of its fourth quarter earnings announcement (GOOG) Google is down 0.54% at $853.78 a share ahead of its fourth quarter earnings announcement on Thursday afternoon. Here are Wall Street's expectations, according to analyst estimates compiled by Yahoo Finance: Revenue:$25....
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U.S. stock indexes open slightly higher the day after the Dow hits 20,000 Stocks opened slightly higher on Wall Street on Thursday, a day after the Dow Jones industrial average closed above 20,000 for the first time. Energy stocks rose more than the rest of the market as the price of oil gaine...
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Charter shares surge on possible Verizon deal

USA Today - 26 Jan 2017 16:53
Charter shares surge on possible Verizon deal Report says Verizon and Charter exploring a combination.        
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J&J spends $30 billion on Switzerland's Actelion

Miami Herald - 26 Jan 2017 16:52
Johnson & Johnson is buying Swiss pharmaceutical Actelion in a $30 billion deal that will boost its treatments for life-threatening high blood pressure conditions. The deal announced Thursday comes a …
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Whole Foods Market Inc. is closing its three commercial kitchens, where it makes ready-to-eat meals for stores, including one location which received a regulatory warning about food safety violations last year.
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