Business News

Businesses Fear Margin Tax

Posted: 10/21/2014 - Ahead of the election, businesses are warning about the dangers of Question 3.
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Michigan Governor Aims To Alienate Tesla

Updated: 10/21/2014 - Gov. Rick Snyder has signed into law tighter restrictions to prohibit electric car maker Tesla Motors from selling vehicles in Michigan.

What You Need to Know About Apple Pay

Posted: 10/21/2014 - If you have an iPhone 6 or 6+, shopping just got a lot easier. Starting Monday, you can start using Apple Pay at more than 220,000 stores nationwide.
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California Lottery Sales Top $5B for First Time

Posted: 10/19/2014 - California Lottery officials say they have had a winning year with annual ticket sales surpassing $5 billion for the first time in the state lottery's 30-year history.

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Economic News

  • Global Growth Woes Threaten to Beset U.S. Economy
    Another bout of weakening global growth is buffeting a U.S. economy that has faced five years of uneven growth, raising a crucial question: Can the U.S. pull the rest of the world through a slow patch or will sluggish global growth hobble the recovery?
  • China's Slowdown Raises Pressure on Beijing
    Analysis: China’s economic slowdown is widely expected to continue into next year, increasing pressure on Beijing to take more powerful measures to spur growth.
  • China Growth Slowest in Five Years
    China’s economy grew at its slowest pace for five years in the third quarter, suggesting the government’s targeted easing measures to boost economic growth haven’t yielded expected results.
  • New York Fed Faulted in 'London Whale' Case
    The Federal Reserve Bank of New York failed to examine J.P. Morgan’s investment unit ahead of the bank’s 2012 “London Whale” trading debacle, according to a new report.
  • U.S. to Go Easier on Mortgage Rules
    A push to tighten mortgage-lending standards in the wake of the housing bust has given way to making credit more accessible as Washington frets about the strength of the housing recovery.
  • U.S. Existing-Home Sales Hit Highest Level of Year
    U.S. home sales reached the highest level of the year in September, a sign of slowly building momentum in a housing market whose recovery has come in fits and starts over the past year.
  • France Pressures Berlin for Stimulus Plan
    French ministers urged Germany to put in place a three-year, €50 billion stimulus program, deepening the confrontation over economic policy between Paris and Berlin.

US Business News

  • The Race Is On To Find Organic Pesticides
    Seed and pesticide makers like BASF, DuPont, Bayer and Monsanto are investing heavily to develop products incorporating organisms like bacteria and tiny fungi, which executives say can help plants avert pests.
  • Bosses Seek 'Critical Thinking,' but What Is That?
    Critical thinking is a critical skill for young workers these days, but what bosses mean by that and how to measure it is less clear.
  • Apple's iCloud Is Under Attack in China
    Apple’s iCloud service for users in mainland China has been hit by an attack that could allow perpetrators to intercept and see usernames, passwords and other personal data, activists and security analysts said.
  • Luxembourg Tax Deals Under Pressure
    Confidential arrangements for multinational companies like Amazon and Fiat save taxes but now are under pressure from the European Union.
  • Johnson & Johnson to Begin Testing Ebola Vaccine in January
    Johnson & Johnson said it would begin testing an Ebola-virus vaccine in humans in January and could have 250,000 doses available in May.
  • Harvard Law Graduates Top Salary Survey
    At $201,000 a year, school’s alumni earn more than those of any other U.S. graduate school by the midpoint in their careers, according to a survey by online salary-information company PayScale.
  • Companies Try to Escape Health Law's Penalties
    With the health law’s insurance mandate for employers set to kick in next year, companies are trying to avoid the law’s penalties while holding down costs, using strategies like enrolling employees in Medicaid.
  • Total to Select New CEO on Wednesday
    Total is expected Wednesday to name a successor to CEO Christophe de Margerie, who died in a Moscow plane crash. He moved the company away from Europe’s aging oil fields to riskier, resource-rich nations.
  • Heineken Hit by Wet Weather
    Dutch brewer Heineken said third-quarter profit fell 4.8%, with lower sales in Europe offset by growth in emerging markets.
  • Lufthansa to Sell IT Unit to IBM
    Deutsche Lufthansa said it is close to selling its IT Infrastructure division to IBM and outsourcing its IT services to the technology company as part of a broader restructuring of its systems unit.
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