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Category : Business (Archive for 2016-07-09) News by Google
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Wall Street Journal
US Job Growth Rebound Calms Fears of Economic Swoon
Wall Street Journal
A powerful rebound in hiring last month eased fears about an economic downturn as the U.S. expansion enters its eighth year, putting the nation on solid footing to absorb global shocks and market turbulence. Employers added a seasonally adjusted 287 ...

CNBC
Stocks face earnings test amid 'breakout in optimism'
CNBC
Stocks could easily break out to new highs in the week ahead, as earnings become the next test for the market. The S&P 500 ended the week at 2129.90, less than a point below its record high. Stocks surged Friday on the better-than-expected June ...

Los Angeles Times
Why Viacom Chief Philippe Dauman is fighting his longtime boss, Sumner Redstone
Los Angeles Times
One question looms large as pressure mounts on Viacom Inc. Chief Executive Philippe Dauman: Why is the embattled executive waging a high-stakes war with his longtime boss? Power, pride, principal -- and indignation -- all could be playing a part in ...

ChristianNewsToday.com
US Oil Rig Count Rises 10 to 351
Wall Street Journal
The number of rigs drilling for oil in the U.S. rose by 10 in the past week to 351, according to oil-field services company Baker Hughes Inc. BHI 0.34 %. The U.S. oil-rig count is typically viewed as a proxy for activity in the sector. After peaking at ...

USA TODAY
CBS looking to spin off CBS Radio with an IPO
USA TODAY
CBS is making moves to split off its radio network, launching it as an independent public company. The company detailed plans for CBS Radio's initial public offering in a filing with the Securities and Exchange Commission on Friday. The radio business ...
Work crews returning to site of massive Colorado mine spill
The Mercury News
DENVER (AP) — Construction crews will return this weekend to the scene of a massive mine-waste spill in southwestern Colorado to stabilize the mine opening with steel and concrete, the U.S. Environmental Protection Agency said Friday. The EPA said the ...

CNBC
Polycom shares rise as it ditches Mitel deal for Siris Capital
CNBC
Polycom and Mitel shares both soared amid the news that Polycom thwarted the three-month deal it had with the Canadian telecom firm, and agreed to be bought by Siris Capital Group. Polycom spiked nearly 13 percent, and Mitel popped nearly 20 percent ...

Wall Street Journal
Essar Steel Minnesota files for chapter 11 bankruptcy
Reuters
Essar Steel Minnesota LLC [ESML.UL], a U.S. affiliate of India's shipping, natural resources and power conglomerate Essar Global Group, filed for chapter 11 bankruptcy protection on Friday. The company's assets and liabilities are estimated to be worth ...

MarketWatch
Gap's June results excite investors but analysts remain wary
MarketWatch
Gap Inc.'s June results galvanized investors, with shares jumping 5.2% in Friday trading. But many analysts are holding back before declaring the positive showing a trend. Gap GPS, +4.95% reported a 2% increase in sales for the month, totaling $1.57 ...

Wall Street Journal
Big Insurers Defend $34 Billion Merger
Wall Street Journal
Aetna Inc. AET 1.33 % and Humana Inc. HUM -2.82 % face resistance from the Justice Department to their proposed $34 billion merger and an uphill battle persuading antitrust enforcers the deal won't harm competition, according to people familiar with ...

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