Business

Business

The Fed meets expectations, with a caveat

(c) 2016, Bloomberg View. As was widely anticipated, Federal Reserve officials refrained from adopting new policy measures at the conclusion of their two-day policy meeting on Wednesday. But they went somewhat beyond the rather bland statement that most market participants had expected. Because...


Business

Whole Foods just got called out for a pretty big exaggeration

(c) 2016, The Washington Post. Whole Foods Market says it’s “America’s Healthiest Grocery Store.” Now, the grocery chain is looking to update its slogan to reflect a loftier moniker: “World’s Healthiest Grocery Store.” Unfortunately for the grocer’s efforts, the U.S. Patent and Trademark Office...


Business

Samsung found a way to buck one of the scariest trends for smartphone makers

(c) 2016, The Washington Post. Samsung’s Galaxy S7 and S7 Edge have led the company to its most profitable quarter in two years - not bad for a firm that cautioned 2016 could be a rocky one for the smartphone market. Samsung this week said that its mobile unit accounted for more than half of its...


Business

Abbott CEO spends $45.5 million to boost personal stock holdings

(c) 2016, Bloomberg. Abbott Laboratories Chief Executive Officer Miles White, in the midst of buying two medical technology rivals, told investors last week he thought the company’s stock price would only be going up. Now he’s using his own cash to back the assertion. White added 1.28 million...


Business

AP Newsbreak: US oil, gas applications could drop 40 percent

BILLINGS, Mont. (AP) — U.S. officials announced plans Thursday to speed up the permitting process for oil and gas drilling on federal lands to reduce delays, as applications were projected to be down 40 percent in coming years versus their historical average amid an ongoing price slump. Low energy...


Business

Facebook is pushing more people to an app they didn't choose

Facebook Getting Pushy With Messenger

SAN FRANCISCO (AP) — Facebook is once again getting pushy about how people message one another. Two years ago, the social-media giant forced its users to adopt its Messenger app for direct communication, a change it enforced by deactivating messages in the main Facebook app and steering users to...


Business

BOJ decision-day guide: Kuroda's moment to deliver or disappoint

(c) 2016, Bloomberg. The policy decision by the Bank of Japan Friday is turning into one of the most closely watched economic events of the year in Japan, with Governor Haruhiko Kuroda facing intense expectations to deliver more monetary stimulus. In fact, Kuroda and the BOJ board hasn’t faced such...


Business

NXP projects stalling car-chip demand as mobile sales expand

(c) 2016, Bloomberg. NXP Semiconductors, the world’s biggest supplier of chips used in the automotive industry, said sales in the segment will be stagnant or may even decline during the third quarter, while forecasting overall revenue in line with analysts’ estimates. As autos stall, NXP is pinning...


Business

Oracle buys NetSuite in deal valued at about $9.3 billion

(c) 2016, Bloomberg. Oracle Corp., eager to boost its cloud-services strategy amid intensifying competition, agreed to buy NetSuite Inc. for about $9.3 billion. The offer of $109 a share in cash is a 19 percent premium to NetSuite’s closing share price Wednesday of $91.57. It will be immediately...


Business

Americans blow $27.8 billion a year by being lazy

(c) 2016, Bloomberg. It’s been deemed one of the 10 leading risk factors for death, but it turns out that physical inactivity also comes with a hefty tab-$67.5 billion, to be exact. The first study quantifying the global costs of sloth was published Thursday in the scientific journal The Lancet,...


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