American Business News for 12 Sep 2013
Five years after Lehman fell, taking the global economy along with it, a roll call of Wall Street CEOs serving time for their role in the crisis looks something like this: So, yeah. Zero Wall Street... CEOs are in jail. But we did promise you a list:
LOS ANGELES (AP) -- Lenders initiated foreclosure action in August against the fewest U.S. homes for any month in nearly eight years, a trend that should help reduce the number of homes lost to... foreclosure in the months ahead.
NASA's Voyager 1 spacecraft, launched in 1977, has officially left the solar system NASA has confirmed. While out all alone in the blackness of space the craft has been gathering data. One type of... data is audio. NASA JPL explains: Voyager 1's plasma wave instrument detected the vibrations of dense interstellar plasma, or ionized gas, from October to November 2012 and April to May 2013.The graphic shows the frequency of the waves, which indicate the density of the plasma. Colors indicate the intensity of the waves, or how "loud" they are. Red indicates the loudest waves and blue indicates the weakest. It has already send back recordings of what that empty blackness of space 12 billion miles from the sun sounds like. And it's quite creepy. Listen: SEE ALSO: NASA Confirms That Voyager 1...
ROUND ROCK, Texas (AP) -- Dell shareholders have approved a $24.8 billion offer from its founder to buy the company and take it private, ending the struggling computer maker's quarter-century history... as a publicly held company.
CANTON, Mass. (AP) -- Dunkin' Donuts said Thursday that it will move into the U.K. market, opening 50 franchised locations in the London area over the next five years.
NICOSIA, Cyprus (AP) -- Bailed-out Cyprus says it has signed a deal improving the terms of a 2.5 billion euro ($3.32 billion) loan it received from Russia in 2011.
NEW YORK (AP) -- Stocks were flat in early trading Thursday, a sign that traders may be pausing after the market's longest rally since July.
CLEVELAND (AP) -- A jury in Cleveland has rejected a claim by commercial truck dealers that Ford Motor Co. overcharged them over an 11-year period by offering discounts to other dealerships.
World Economic Forum's annual competitiveness ranking moved USA up two places in 2013.
Retailer's kid toy-testing shows retro products likely to top holiday season wish lists.
One of the biggest challenges facing Brian McAndrews, the new CEO of Pandora, will be renegotiating the royalty rates the Internet radio giant pays to the music industry.
NEW YORK (AP) -- An Australian former research analyst has pleaded guilty to an insider trading charge in New York in a cooperation deal.
A federal judge approved American Airlines' bankruptcy plan on Thursday but ruled that the decision was contingent on the Justice Department's approving the carrier's merger with US Airways.
Serial killers and sexual deviants aren't the only people who take pleasure in other people's pain. Sadistic personality traits are more common than you'd think — more than half of people show these... both in personality questionnaires and in their actions in the lab, according to a new study published in the journal Psychological Science. People who score high on a sadism personality test find pleasure in behavior that hurts others and will even go to extra lengths to make someone suffer, the researchers found. "Some find it hard to reconcile sadism with the concept of ‘normal’ psychological functioning, but our findings show that sadistic tendencies among otherwise well-adjusted people must be acknowledged," study researcher Erin Buckels, of the University of British Columbia, said...
At a time of great political division in our country President Obama has found a remarkable way to unite Americans of all political persuasions -- conservatives, progressives and moderates. With a... loud and clear voice, the overwhelming majority of the American people, across the political spectrum, are saying NO to another war in the Middle East -- Syria's bloody and complicated civil war. There are two major reasons why the people in this country are adamantly opposed to the U.S.'s military intervention in Syria. First, of course, is the much discussed "war weariness." The United States has been at war in Afghanistan for 12 years, and the war in Iraq dragged on for nearly nine years. The cost of these wars has been horrendous: more than 6,700 American deaths; hundreds of thousands...
Artist Donald Judd's minimalist furniture, created for his own home, could bring style to yours.
Ray Dolby, an American inventor and audio pioneer who founded Dolby Laboratories, has died at the age of 80.
By David Lawder WASHINGTON, Sept 12
NEW YORK (AP) -- Sell high.
JEFFERSON CITY, Mo. (AP) -- As the leader of a pro-gun, anti-tax state, Missouri Gov. Jay Nixon has prevailed against the odds -- and sent a sobering reminder to legislators nationwide that... single-party legislative dominance is no guarantee of results.
Twitter CEO Dick Costolo spoke at the Techcrunch Disrupt conference and the mere fact that he declined to take questions afterwards has was read by USA Today as a signal that he's in the advanced... stages of preparing for his company's IPO. That prediction turned out to be correct. Twitter filed for an IPO today. So here is everything we know about the runup to the Twitter IPO: Costolo spoke on the topic of "how to lead." He declined to take questions afterwards. Companies that are preparing or expecting to file paperwork with the SEC often go through "quiet periods" which restrict executives from saying anything that might prime the market. Costolo appeared to be acting in an abundance of caution prior to the S-1 filing with the SEC. Facebook's Mark Zuckerberg had some advice for Costolo...
"The earth there is unusual, filled with ore. So there is something happening that is hard to define. There is a magnetic attraction there. Maybe thousands and thousands of years ago, some planet... bumped into the land there." — Bob Dylan Much of U.S. economy these days is based on putting your fingers onto small plastic squares and pressing down all day. But if you know where to look, you can find survivors of the great service economy tidal wave. One of such pocket: Northern Minnesota's Iron Range. As Dylan, a native of Hibbing, Minn., once explained to Ron Rosenbaum in the above quote, the area contains astonishing deposits of iron ore — some of the most extensive in the nation. Indeed, northern Minnesota sits on some of the oldest continent in the world. Over the past few...
You might want to buy Twitter's stock when it finally goes public, but you're going to have to wait a while before you can figure out how much it's worth. That's because the micro-blogging site filed... secret paperwork for its initial public offering, taking advantage of a new law called the Jumpstart Our Business Startups (JOBS) Act, which lets companies with less than $1 billion in revenue keep their finances hidden from the public until not long before they start pitching their IPO. This means we won't know anything about Twitter's finances (aside from the fact that it makes less than $1 billion in revenue, which we pretty much already knew) until three weeks before the company starts its "road show" to pitch the stock to investors. As Quartz's Zachary Seward points out in explaining the...
Twitter announced on--where else?--that it has filed papers for an initial public offering. The decision to file has been the source of speculation since Facebook, Twitter's larger social media... counterpart, went public in May 2012. The company has an estimated value of $10 billion and more than 200 million active users. Under a federal law passed last year, companies with less than $1 billion in annual revenue (Twitter will bring in about $500 million in 2013) can submit confidential S-1 statements to the Securities and Exchange Commsision without subjecting them to public scrutiny. If the company decides to pull out, it hasn't divulged its internal numbers to the public, according to Forbes. But the form must be made public 21 days before the company begins the potentially long process of...