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24 Nov 2014 - United States
SHANGHAI/BEIJING
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Hedge Funds Bet on Coal-Mining Failures

Wall Street Journal - 24 Nov 2014 06:32
Hedge funds are betting that some of the largest U.S. coal companies are heading for the financial slag heap.
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Australian Broadcasting CorpThe Australian Broadcasting Corporation will cut 400 jobs and close five radio production centers as the national media brand grapples with a smaller budget.
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US vs. UK: Business MeetingsWith the exception of royalty, spelling and humour (humor), most Brits and Americans like to think of their countries as culturally rather similar. You would be forgiven for thinking this is most... obvious in the globalized world of business. But as someone who has spent much of my working life somewhere in the middle of the Atlantic -- based in the UK but working for U.S. firms, or based in London while setting up a New York office -- I've noticed some comic differences between the way business works in both countries. Case in point: meetings. A typical meeting in London Meeting length: Always one hour 0 to 5 mins: The first five minutes are taken up by running late. Everyone in London is always just a little bit late for everything. 5 to 10 mins: The next five are reserved for fetching tea...
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Asian stocks jump as China,Sources say China ready to ease further after rate cut; euro near 28-month trough as ECB's Mario Draghi vows to fight deflation
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Smugglers Detail How Mexico'sFrom 1998 to 2008, two twin brothers distributed thousands of pounds of cocaine across Chicago and other major US cities.  Then Pedro and Margarito Flores started cooperating with the feds.... Originally sealed for the brothers' protection, their testimony recently became available to the public. The documents reveal fascinating details about how one of the largest Mexican drug cartels functioned.  After their arrest, the Flores brothers went on record, giving information about a criminal who was even more sought-after: Joaquín Archivaldo Guzmán Loera, more widely known as "El Chapo," the head of the Sinaloa cartel, one of the most powerful drug-trafficking organizations in the world. In 2013, the cartel supplied 80% of the heroin, cocaine, marijuana, and methamphetamine flooding the...
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Apple launches massiveThe Cupertino tech giant will raise money to fight HIV/AIDS via apps and store sales.          
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Week Ahead: Updates onThe European Commission will offer infrastructure spending, and eurozone reports on inflation and jobs are due; OPEC ministers will meet, but output cuts are uncertain.
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Black Friday highlights theIn Northeast Los Angeles, 1,000 people huddled in the evening chill last Thanksgiving as they waited outside a Target store for the chance to snap up Black Friday deals.
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Advertising: Ad Agency andSid Lee, an ad agency, and Movember Foundation, a men's health charity that is one of its clients, are moving in together, taking their relationship to a new level.
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Solar and Wind Energy Start toThe cost of electricity from wind and solar power plants has plummeted, making it in some places cheaper than coal or natural gas.
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North Carolina Could Be TheRALEIGH, N.C. (AP) -- North Carolina has become an attractive market for smartphone-based car services such as Uber and Lyft, which are drawn to the state's mid-sized cities that have college students... and young professionals but lack extensive mass transit. It's also one of many states where little regulation exists outside of traditional cab and limo services. Uber currently offers rides in 10 cities in North Carolina, ranging from Wilmington and Asheville to the larger Raleigh and Charlotte. The company says that's more than any other state but California. Six of those cities have populations greater than 200,000, and all are home to universities. The companies' expansion has legislators in North Carolina and elsewhere scrambling to study their business models ahead of sessions in 2015...
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Seven Free Ways to Grow YourHere are seven tips and tricks to help grow your new venture with no money.
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40 Detectives Are Looking IntoHome Secretary Theresa May has warned that allegations surrounding historical cases of child abuse linked to Westminster could be merely "the tip of the iceberg" on the issue. She spoke after fresh... allegations surrounding the murder of an 8-year-old boy by a paedophile ring, which included politicians, emerged in recent weeks. In an interview with the BBC, May said there were serious questions still remaining about how "the very institutions of the state that should be protecting children were not doing so". Metropolitan Police commissioner Sir Bernard Hogan-Howe said "We have got 40 detectives looking into these relatively new claims", according to Metro. Both May and Hogan-Howe said they would get to the bottom of whether there was a coverup or not. The Observer reported that several...
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Dial N for nostalgia: IsThe pay phone is sandwiched between a Pizza Hut and Faith Sanctuary Community Church on South Leimert. The change holder has been torn out, leaving a rusted metal hole. The letters F and E have been... etched onto the phone's face.
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The 10 Things You Need To Know In Advertising Today

Business Insider - 24 Nov 2014 12:55
The 10 Things You Need To KnowGood morning. Get your week off to a flying start by getting up to date with all the important advertising stories. 1. Coca-Cola has become the first major World Cup sponsor to publicly criticize FIFA... over the handling of its corruption investigation into the winning bids for the 2018 and 2022 tournaments. The drinks company said the current situation -- which has seen the report's author accuse FIFA of misrepresenting his findings -- "disappointing." 2. Google has revealed how it plans to use the new huge Times Square billboard as it becomes the mega screen's inaugural advertiser today. Passers-by will be able to use an app to create their own mini Android characters to play with on the screen. 3. Apple finally confirmed late last week that its iAd advertising platform is venturing into...
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Goldman Sachs Has Invested InGoldman Sachs has just led a $15 million funding round for Kensho, a financial data service that should have analysts quaking in their boots. The company is seeking to replace equity analysts with... software. Google Ventures, Accel Partners and CNBC are also some of Kensho's big investors, according to the Financial Times.  Here's what Kensho is trying to do, in its own words: Kensho harnesses massively-parallel statistical computing, user-friendly visual interfaces and breakthroughs in unstructured data engineering to create the next-generation analytics platform for investment professionals. Addressing the most significant challenges surrounding investment analysis on Wall Street today--achieving speed, scale, and automation of previously human-intensive knowledge work--Kensho's...
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RBI planning more measures for NBFCs

livemint.com - 24 Nov 2014 12:46
RBI planning more measures forThe central bank is planning to include more oversight and bring state-owned firms under its supervision, says deputy governor
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Hacker apparently hijacksThe online classifieds website Craigslist has been offline since last night, and is the apparent victim of hacker. The site either does not load, or it re-directs to random local versions. The problem... was spotted by The Next Web. We’ve got a message into Craiglist PR and will update with a response. According to TNW: […]
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Apple Will Sell 72 MillionAccording to KGI Securities analyst, Apple is forecast to sell 71.5 million iPhones in Q4, Apple Insider reports. KGI's Ming-Chi Kuo -- who has a good record as an Apple analyst because of his sources... in Apple's supply chain -- says quarter-over-quarter shipments of the smartphone will grow 82% in Q4, and predicts the iPhone 6 will head the surge. Apple Insider explains the iPhone 6 will likely make up nearly 60% of all sales over the period, quoting a figure of 41.65M units. The iPhone 6 Plus will not perform quite as well though. Apparently suppliers are having production issues with the larger phones, and Q4 sales are dependent on the supply chain. After strong sales over the festive season, Kuo expects iPhone sales to fall dramatically to a combined 49.5 million units as off-season...
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Britain is facing huge economic problems. But our politics is descending into trivia and populism. John Stepek examines why, and looks to one country that's taking democracy seriously. The post... Despairing of the triviality of our politics? Blame central bankers was first published on MoneyWeek.
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Apple Is Donating A Portion OfApple will donate a portion of sales at Apple's retail and online stores around the world on two of the biggest shopping days of the year -- Black Friday and Cyber Monday -- as part of a campaign for... World Aids Day, which takes place on December 1. The campaign, which sees Apple team with AIDS charity (Red), also includes a special section of the App Store called Apps for (Red), which will offer 25 apps with exclusive content where all proceeds will go directly to the Global Fund to fight AIDS. "Apple is a proud supporter of (Red) because we believe the gift of life is the most important gift anyone can give," said Tim Cook, chief executive. "For eight years, our customers have been helping fight AIDS in Africa by funding life-saving treatments which are having a profoundly positive...
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World Cup Sponsors Are ComingCoca-Cola has become the first tier-one sponsor of the World Cup to publicly criticize FIFA for its handling of the investigation into corruption over the bidding process for the 2018 tournament in... Russia and 2022 competition in Qatar, according to a report in The Sunday Times.  FIFA's latest crisis came earlier this month when it published a summary of the report, clearing the winning Qatar and Russia bids of any corruption. Shortly after its publication, the summary was disowned by FIFA's own ethics chief Michael Garcia, who said the report had been "misrepresented" by football's governing body, as reported in The Daily Telegraph. Coke has said the handling of the botched investigation has been "disappointing." It is extremely unusual for sponsors to publicly come out against the media...
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Shares of Petrofac are being slammed in London after the oil-services firm cut its profit outlook, while Friends Life gains after Aviva reveals a $8.8 billion buyout bid.
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10 Things In Tech You Need ToGood morning! It's a cold day in London today. Here's the tech news you need to know to start the week. 1. The European Parliament is considering a move to try and break up Google. It wants the US... tech company to unbundle its search engine. 2. E-commerce company Fab is in talks to sell for $15 million. It used to be valued at over $1 billion. 3. Amazon is developing an ad-supported video network. The service will be cheaper than Netflix.  4. Google is closing down its Google Glass stores. People are buying Glass online instead. 5. OnePlus is planning on releasing a new phone next year. OnePlus One received rave reviews. 6. Microsoft insists it is not overpaying its CEO. A watchdog had told investors that Nadella's pay package was too high. 7. A former ZocDoc employee is suing the company...
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