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 CFOs rising on corporate ladder; No longer seen as just bean counters, financial czars prized and rewarded
Sun-Sentinel (Fort Lauderdale, Florida), August 27, 2015 Thursday

 Ruth Porat has been on a tear since joining Google in May as its chief financial officer. The former Morgan Stanley CFO was cheered by investors after the company's second-quarter earnings report, when her remarks -- which included hints about more fiscal restraint -- helped send its stock soaring 16 percent the next day, reaching record heights. Then, when the company surprised many last week with the news that it was restructuring itself in a way that could give investors more insight into...
 Macy's dives into discount market; Its first off-price store is opening next week in N.Y.
The Boston Globe, August 28, 2015 Friday

 The first Macy's Backstage store is set to next week in the Queens borough of New York City (top). It will offer such items as children's shoes(above) and designer women's clothing (left) at substantial discounts.
 Carlyle Finds Hedge Funds Hazardous
The New York Times, August 28, 2015 Friday

 If nothing else, the last week has proved it can be very difficult to run a hedge fund. The Carlyle Group, the private equity giant, has known that for much longer. Its Carlyle Capital fund became a harbinger of the financial crisis after it imploded in March 2008. Months later, Blue Wave Partners, Carlyle's entrance into hedge funds, ended abruptly after it failed to raise enough money from investors.   They were among the first in a series of bumps in the road for Carlyle and its hedge fund...
 McWhopper? No, thanks, McDonald's says to 'truce'
The Seattle Times, August 27, 2015 Thursday

 CHICAGO - Score one for the competition. Burger King delivered a rare jolt of publicity for itself by calling for a "cease fire" with historic archrival McDonald's in full-page ads Wednesday in the Chicago Tribune and The New York Times.
 Amazon Prime Instant Video coming to Japan; The company takes on Netflix, which is launching its service there next month.
Los Angeles Times, August 28, 2015 Friday

 Netflix Inc. isn't the only streaming service that has its sights set on Japan. Rival Amazon.com Inc. will launch Prime Instant Video in the country next month.
 BUSINESS BEAT; YouTube enters video game live streaming fray
Los Angeles Times, August 28, 2015 Friday

 YouTube is muscling in on Twitch's territory with the launch of its own channel for live-streaming video games, YouTube Gaming.
 Apple plans product event at larger venue
Los Angeles Times, August 28, 2015 Friday

 Apple Inc. will hold an invite-only event Sept. 9 at the Bill Graham Civic Auditorium in San Francisco, where it is expected to reveal the iPhone 6s.
 Abercrombie & Fitch; Retailer's changes showing results;
The Columbus Dispatch (Ohio), August 27, 2015 Thursday

 Abercrombie & Fitch's massive turnaround plan began to bear fruit during the second quarter as the New Albany-based retailer beat both Wall Street's earnings expectations and its own predictions. "Our results exceeded what we signaled in our first-quarter earnings call and give us confidence that we are on the right track, although we recognize that we still have much to achieve," said Arthur Martinez, executive chairman, in a conference call with analysts. "We understand the challenges ahead....
 Walmart to End Sales of Certain Rifles in U.S.
The New York Times, August 27, 2015 Thursday

 Walmart said on Wednesday that it would no longer sell high-powered rifles in its stores in the United States. The decision followed years of public pressure on the retailer to stop selling some of the most lethal weapons associated with many of the nation's mass shootings. The move predated the fatal shootings of two TV journalists in Virginia on Wednesday, and authorities have said the gunman in that attack used a handgun, a type of weapon the company does not sell.   Walmart, the nation's...
 As Service Gaps Remain, City Says Verizon Broke Promise on FiOS
The New York Times, August 27, 2015 Thursday

 When New York City was preparing to let Verizon offer its high-speed FiOS Internet service in 2008, a city councilwoman, Gale A. Brewer, warned that ''New Yorkers need to know whether they are going to wait three years or six years.'' For many frustrated residents, like Stephanie Brooks, it has already been seven years and there is still no FiOS in sight. Ms. Brooks, who owns a brownstone in the Bedford-Stuyvesant neighborhood of Brooklyn, says she doubts that she and her neighbors will ever...
 Monsanto Drops $47 Billion Bid for Syngenta After It Rejects an Improved Offer
The New York Times, August 27, 2015 Thursday

 Monsanto said on Wednesday that it was abandoning its $47 billion takeover bid for the Swiss agricultural chemical manufacturer Syngenta after the company rebuffed a newly sweetened offer. In a statement, Monsanto said it had offered a new proposal worth 470 Swiss francs (about $500) a share, having raised the amount of cash it was putting on the table and increasing the reverse breakup fee. It said it was walking away because there was no ''basis for constructive engagement from Syngenta.''   ...
 Yahoo exec sees surge in mobile consumption; Average user now spends more than 3 hours on devices
USA TODAY, August 27, 2015 Thursday

 Smartphone and tablet users just can't get enough of their mobile devices. U.S. consumers spend, on average, 3 hours and 40 minutes each day on their mobile devices, an increase of 35% from a year ago in the second quarter of 2014. And that time spent on mobile devices continues to increase, said Simon Khalaf, senior vice president of publishing products at Yahoo.
 Burger King gives McD's food for thought; 'McWhopper' would combine best of both worlds for Peace Day
USA TODAY, August 27, 2015 Thursday

 Burger King has proposed to McDonald's that the two fast-food chains come together to make "The McWhopper." In a full-page advertisement published Wednesday in the Chicago Tribune and The New York Times, Miami-based Burger King says the two rivals should call a one-day cease-fire in the "burger wars" to make a sandwich that combines elements of the Big Mac and the Whopper, the two chains' signature burgers.
 10 stocks give S&P $173B shot in arm; Apple, Google lead way as market tries to find its footing
USA TODAY, August 27, 2015 Thursday

 Big market sell-offs can turn into big profits for investors who are brave enough to jump in when others are freaking out. Ask investors who scored $173 billion -- just Wednesday -- from 10 stocks. Ten stocks in the Standard & Poor's 500, including online advertising company Google, digital gadget maker Apple and tech giant Microsoft, were up an average of 5.5% Wednesday, and the companies are big enough to generate massive paper gains to help repair a fraction of the damage suffered by...
 Bitcoin-related startups risky, but many investors are all in
The Seattle Times, August 24, 2015 Monday

 LOS ANGELES - Anyone interested in modern technology has heard of the digital currency called Bitcoin, even if few people understand how it works. Don't worry. Credit cards and cash will remain the common currency for some time to come. But as Bitcoin and other digital currencies evolve, the technology that underlies them may soon spread into other transactions: trading stock, buying and selling real estate, purchasing music and much more.
 Coca-Cola has met its 2020 goal for conserving water, company says
The Boston Globe, August 26, 2015 Wednesday

 A Coca-Cola worker monitored the bottling line at its plant near Yangon, Myanmar, one of its 863 manufacturing facilities around the world; all but one now have wastewater processing systems, the company said.
 Best Buy expanding sales of Apple Watch to all stores; Move part of effort to revamp tech giant's floor space
The Boston Globe, August 26, 2015 Wednesday

 How the watch sells nationwide at Best Buy may help determine if the device becomes a mainstay in Apple's lineup. Best Buy also will begin selling AppleCare warranties later this year.
 New Jersey's $225 Million Settlement With Exxon Mobil Is Approved
The New York Times, August 26, 2015 Wednesday

 New Jersey's widely debated $225 million settlement of a pollution lawsuit with Exxon Mobil Corporation was approved on Tuesday by a state judge who called the deal fair, reasonable and in the public interest. The ruling comes in a longstanding legal battle in which New Jersey demanded $8.9 billion in compensation for natural resource damage to more than 1,500 acres of wetlands, marshes and waters at refinery sites that Exxon once owned in Bayonne and Linden.   Environmental groups, federal...
 Alibaba's Stock Still Looks Expensive
The New York Times, August 26, 2015 Wednesday

 Alibaba's stock price still looks expensive despite the recent sell-off. Less than a year after the Chinese web giant's record $25 billion initial public offering of stock, its shares are near their $68 initial price. Though macroeconomic worries have afflicted all Chinese companies, the company, founded by Jack Ma, is still highly valued when compared with rivals.
 First Data Names 15 Banks Chosen to Lead Public Offering
The New York Times, August 26, 2015 Wednesday

 The army of banks recruited to oversee what may be one of the biggest market debuts of 2015 has finally come to light.
 Coca-Cola Says It's Close to Water Replenishment Goal
The New York Times, August 26, 2015 Wednesday

 The Coca-Cola Company is years ahead of schedule in its efforts to replace the water that it uses around the world to make its beverages, it announced on Tuesday.
 Carnival Cruise Line expanding ships' social-media packages
The Seattle Times, August 23, 2015 Sunday

 Soon you'll be able to get online during your Carnival cruise for just $5 a day - if all you want to do is post pictures to social media.
 BUSINESS BEAT; Top CEO-worker pay gap? 1,951 to 1, study says
Los Angeles Times, August 26, 2015 Wednesday

 Discovery Communications topped a list of companies with the largest pay difference between their chief executives and median workers, according to a new study by jobs and recruiting company Glassdoor.
 1,000-point sell-off rocks stock market; After turbulent day, Dow closes down 588 points; many analysts say don't panic, a reset is needed
USA TODAY, August 25, 2015 Tuesday

 The downdraft on Wall Street intensified Monday as the Dow Jones industrial average -- which was briefly down more than 1,000 points -- finished with its second drop of more than 500 points in as many days, and the broader Standard & Poor's 500-stock index tumbled into official correction mode for the first time since 2011. Investors hoping for a market bounce after the Dow's worst week in four years got a vicious plunge instead after the opening bell when the blue chip stock gauge went into...
 In wild stock swing, Apple sets the pace
USA TODAY, August 25, 2015 Tuesday

 While panic stock selling zapped markets around the world Monday, the drama and intrigue of the day could be illustrated in one company's shares: Apple's.
    

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