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AmEx to Sell 50% of Business-Travel Unit for $900 Million

AmEx to Sell 50% of Business-Travel Unit for $900 Million | EconMatters | Scoop.it
American Express Co. agreed to sell a 50 percent stake in its business-travel division for $900 million as it seeks to boost revenue from corporate bookings.
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Mayweather vs Pacquiao: Manny's camp cry foul after Floyd wins unanimous decision

Exclusive: Floyd Mayweather beats Manny Pacquiao with brilliant performance, but promoter Bob Arum says one-armed Filipino was crucially denied shoulder injection pre-fight
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'The issue with existing batteries is that they suck.' ~ Elon Musk

'The issue with existing batteries is that they suck.' ~ Elon Musk | EconMatters | Scoop.it

Tesla just gave us its first look at a new stackable battery system to store electricity for homes, businesses and the grid. It’s a product that Tesla says will soon bring in billions in annual revenue. Here’s what Elon Musk revealed:

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U.S. Economy Stalls at 0.2% in the First Quarter

U.S. Economy Stalls at 0.2% in the First Quarter | EconMatters | Scoop.it

The economy in the U.S. barely grew in the first quarter, buffeted by slumps in business investment and exports after oil prices plunged and the dollar surged.

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Maryland Governor Calls in National Guard to Control Baltimore Riots

Maryland Governor Calls in National Guard to Control Baltimore Riots | EconMatters | Scoop.it

Riots erupted in Baltimore after the funeral of a black man who died of injuries suffered while he was in police custody, prompting officials to declare a state of emergency, impose a curfew and close schools.

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Is Puerto Rico the US version of Greece?

Is Puerto Rico the US version of Greece? | EconMatters | Scoop.it
Puerto Rico has for years been dubbed "Greece in the Caribbean" because of high debt levels and a flagging economy.
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Euro Ministers Alarmed as Bloc Shuts Down Greece Plan B

Euro Ministers Alarmed as Bloc Shuts Down Greece Plan B | EconMatters | Scoop.it
Bloomberg Business delivers business and markets news, data, analysis, and video to the world, featuring stories from Businessweek and Bloomberg News.
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Halliburton says it has cut 9,000 jobs or 10% of workforce in wake of oil price drop

Halliburton says it has cut 9,000 jobs or 10% of workforce in wake of oil price drop | EconMatters | Scoop.it
Halliburton executives disclosed the job cuts Monday on a conference call with investors. 
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Baker Hughes Cuts 17% of Staff, Closes Facilities Amid Oil’s Fall

Baker Hughes Cuts 17% of Staff, Closes Facilities Amid Oil’s Fall | EconMatters | Scoop.it
Baker Hughes said it has cut 17% of its workforce, and the oil-field-services company closed or consolidated 140 facilities during the first quarter amid falling oil prices. The company also reported first-quarter results that came in sharply below Wall Street expectations.
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Abu Dhabi committed to oil, gas sector, protecting OPEC share of world market

Abu Dhabi committed to oil, gas sector, protecting OPEC share of world market | EconMatters | Scoop.it
Abu Dhabi committed to oil, gas sector, protecting OPEC share of world market - Read this Platts oil news article here. Plus discover more oil market news, products & services.
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Major Chinese Developer Says It Can’t Pay Dollar Debts

Major Chinese Developer Says It Can’t Pay Dollar Debts | EconMatters | Scoop.it

Kaisa Group Holdings Ltd. became China’s first developer to default on its U.S. currency debt after failing to honor missed payments on two dollar bonds

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Gain in U.S. Core Consumer Prices Shows Inflation Picking Up

Gain in U.S. Core Consumer Prices Shows Inflation Picking Up | EconMatters | Scoop.it

The cost of living in the U.S. excluding food and fuel rose 0.2 percent in March for a third month, signaling inflation is starting to firm.

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Russia may become third largest participant of China's AIIB

Russia may become third largest participant of China's AIIB | EconMatters | Scoop.it
Russia could become the third largest participant in the China-led Asian Infrastructure and Investments Bank (AIIB) and enter its board of directors, said Stanislav Voskresensky, Deputy Minister of Economic Development.
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Saudi Arabia Is Burning Through Its Foreign Reserves at a Record Pace

Saudi Arabia Is Burning Through Its Foreign Reserves at a Record Pace | EconMatters | Scoop.it

Saudi Arabia is burning through foreign reserves at a record pace as the largesse of the new king and regional turmoil ratchet up pressure on public finances already hurt by the oil price slump.

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Twitter closes 18% lower on disappointing report

Twitter closes 18% lower on disappointing report | EconMatters | Scoop.it
Twitter shares suffered their second-worst day ever after the company revealed earnings before its scheduled announcement.
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Watch Obama’s Anger Translator Say What the President Really Feels

Watch Obama’s Anger Translator Say What the President Really Feels | EconMatters | Scoop.it
The sketch, originally from Key and Peele, came to life on Saturday night.
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Natural-gas futures log lowest settlement in nearly 3 years

Natural-gas futures log lowest settlement in nearly 3 years | EconMatters | Scoop.it
Natural-gas futures log their lowest settlement in almost 3 years while oil futures finish lower.
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Poland bars Russia's Night Wolves bikers over security - BBC News

Poland bars Russia's Night Wolves bikers over security - BBC News | EconMatters | Scoop.it
Poland refuses entry to Putin-supported biker group Night Wolves, saying it cannot ensure security for the gang on its WW2 commemorative ride.
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Three Japan Cabinet Members Visit Yasukuni Shrine

Three Japan Cabinet Members Visit Yasukuni Shrine | EconMatters | Scoop.it
Less than a day after the leaders of Japan and China met, three members of Prime Minister Shinzo Abe’s cabinet visited Yasukuni Shrine in Tokyo on Thursday,
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CERA 2015: Near-term oil price rebound unlikely: BP's Dudley

CERA 2015: Near-term oil price rebound unlikely: BP's Dudley - Read this Platts oil news article here. Plus discover more oil market news, products & services.
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Brazil's Petrobras secures loans to cover 2015 operations, investments

Brazil's Petrobras secures loans to cover 2015 operations, investments | EconMatters | Scoop.it
Brazil's Petrobras secures loans to cover 2015 operations, investments - Read this Platts oil news article here. Plus discover more oil market news, products & services.
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Greece to Seize Public-Sector Funds to Keep Afloat

Greece to Seize Public-Sector Funds to Keep Afloat | EconMatters | Scoop.it
Bloomberg Business delivers business and markets news, data, analysis, and video to the world, featuring stories from Businessweek and Bloomberg News.
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China Moves to Stimulus Mode With Cut to Bank Reserve Ratio

China Moves to Stimulus Mode With Cut to Bank Reserve Ratio | EconMatters | Scoop.it

China’s leaders swung into stimulus mode, cutting the amount of cash lenders must set aside as reserves by the most since the global financial crisis just days after a report showed the slowest economic growth in six years.

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