Global Business News for 7 Feb 2014
Mere months from its 100th anniversary, the Panama Canal is facing some serious drama. The eagerly awaited expansion it has been undertaking since 2009 has come to a halt because of disagreements... among contractor companies -- and it does not look like the issue will be resolved any time soon.
WASHINGTON -- Merck & Co. will pay $100 million to resolve thousands of lawsuits alleging its NuvaRing contraceptive device causes potentially fatal blood clots, according to a settlement announced... Friday. The settlement addresses as many as 3,800 cases in federal and state courts in Missouri and New Jersey, as well as certain unfiled claims that meet specific eligibility requirements. The $100 million payout, averaging more than $58,000 per case, will be contingent upon at least 95 percent of the eligible claimants opting into the program. Thousands of women have accused Merck of misleading consumers about the risks associated with NuvaRing, namely a higher risk of blood clots than other hormonal contraceptives. The drugmaker denied fault under the agreement and continued to stand by the...
Forbes It takes a lot of courage to quit your job and start a venture of your own. It takes something entirely else to walk away from a finance job that pays you over half a million dollars a year,... and create a new media property - teaching yourself Final Cut Pro via Lynda.com, taking sketch comedy writing classes through Upright Citizens Brigade, writing, editing and starring in your own videos, and filling a perceived void in the market with no guarantee for success. Meet MakinSense Babe, otherwise known at Kathryn Cicoletti - the woman who swears finance news and investment strategy doesn't need to be so complicated, or boring. Picture The Daily Show, but swap out Jon Stewart for an attractive blonde using clever analogies and wry wit to simplify financial topics, and you get the idea....
Go to the post office, send a package, pick up some stamps and deposit your paycheck or pay a bill? That’s the newest idea for rescuing the cash-strapped USPS floated in a report published by the... U.S.P.S. Office of Inspector General. “One in four U.S. households lives at least partially outside the financial mainstream,” it says. The FDIC puts the number of entirely unbanked Americans at about 8%, but that’s still a lot of families stuck conducting financial transactions with check-cashing storefronts, services that wire money, payday lenders and even pawnshops. Exclusion from the financial mainstream isn’t cheap: “The average underserved household spends $2,412 each year just on interest and fees for alternative financial services,” the OIG says. It estimates it could turn a...
One of the quickest ways you can rise to the top in business is to establish a distinct and attractive personal brand.
Miranda Kerr just replaced Gisele Bündchen as the face of H&M. The huge contract comes after a year full of controversy for Kerr, who departed after rumors she was difficult to work with. It's... possible that Kerr, 30, simply became too hot for Victoria's Secret. The brand goes out of its way to hire models whom its customers can relate to, and the stunning Kerr might not have fit the bill. In short, Kerr wass so hot that female customers are threatened by her. H&M is obviously happy to work with Kerr, who was the highest-paid model behind Bündchen last year, according to Forbes. Miranda Kerr has been modeling since she was 13, appearing in television advertisements. Her most prolific campaign before Victoria's Secret was for Maybelline Cosmetics. In 2007, she signed a contract...
The Opening Ceremony of the Sochi Olympics got off to an inauspicious start when one of the giant, mechanical Olympic Rings failed to open 10 minutes into the show. It produced this image of four... fully-expanded rings with one sad snowflake off to the right: Owen Gibson of the Guardian is covering the games in Sochi. He was given a "cheat sheet" that explains what is supposed to happen during each part of the Opening Ceremony. Here's what it said about the rings: "As the voices and music swell, the snowflakes iris out and transform into the five Olympic Rings. The snowflakes then transform the five Olympic rings, shining, twinkling and sparkling with small fireworks until a great and final climactic burst." The rings never made it to the "shining, twinkling, and sparkling with small...
The diamond and perfume industries work in overdrive around Valentine's Day, with tons of commercials for sparkly jewels and the latest designer scents. But women want things they'll actually use and... enjoy, not just the latest products companies are trying to hawk. We've come up with a whole bunch of thoughtful and original gifts that your sweetheart will truly appreciate. Help her document your adventures together with a cool camera phone lens. For the budding photographer or Instagram fan, buy her these conversion lenses to make shots of buildings, landscapes, and people all the more fun. These detachable lenses come in a fish-eye, macro, and wide angle version that clip directly onto a phone or tablet with a magnet. Buy it: $10 on Amazon Keep her fingers warm while she texts you with a...
A just-released report from the bean counters at the Congressional Budget Office is getting lots of attention because the bureaucrats are now admitting that Obamacare will impose much more damage to... the economy than they previously predicted.
It looks like Mexico has a good 2014 coming up. Financial analysis firm Moody's elevated the country's rating from Baa1 to A3, making Mexico the second country in Latin America to attain A status,... after Chile. The ratings agency based its decision mostly on the structural reforms approved last year by President Enrique Peña Nieto's administration.
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JERUSALEM (AP) -- Ibrahim Sana worked for a global tech company, then broke off to start his own venture. Last year, he was crowned one of Israel's seven most promising young entrepreneurs by a... financial newspaper.
Direct carrier billing allows users to add the value of a purchase directly to their mobile bills. For now, it's largely used for digital goods like tokens that can be purchased within gaming apps,... but it could ultimately catch on for other digital and physical purchases. In a recent chart, we looked at the potential for direct carrier billing to take off as a method of payment in emerging markets where credit card penetration is low. Fortumo is one of the companies that is taking advantage of this opportunity. Fortumo was founded back in 2007 in Estonia and has since expanded with offices in San Francisco, Beijing, and India. The company also has impressive reach, offering direct carrier billing in 80 countries, in partnership with over 300 operators. We recently spoke with Martin...
General Dynamics plans to close its Sunrise facility, eliminating 56 jobs.
The Kentucky House has passed a bill to raise the state's minimum wage for the first time since 2009.
Former SAC Capital portfolio manager Mathew Martoma was found guilty of insider trading after failing to settle with federal investigators, netting another victory for US attorney Preet Bharara,... putting billionaire Steve Cohen in the spotlight.
When Standard and Poor's downgraded the U.S. AAA rating, on August 5, 2011, the Dow dropped 2000 points and gold soared to $1,895 an ounce. Are we at the brink of another downgrade by Fitch Ratings?... In a press release issued on February 5, 2014, Fitch Ratings criticized the political showdown over the debt ceiling, writing, "Repeatedly casting uncertainty over the full faith and credit of the U.S. risks undermining confidence in the role of the U.S. dollar." While this is not the only consideration in the AAA credit rating, it could be the straw that broke the camel's back. Should the U.S. Remain AAA Rated? Below are some of the pluses and minuses that Fitch Ratings will be considering. Pluses: Global Reserve Currency. The U.S. dollar is still the most liquid currency in the world. 61.4...
After a weak holiday season and rough winter weather that kept shoppers away in January, retailers were dealt another dose of sobering news Thursday. The nation's biggest retail group issued a modest... growth forecast for sales in 2014, and warned of economic headwinds that could influence how shoppers spend their money this year.
Washington is failing the long-term unemployed. And it's mostly the GOP's fault.
The fast-food giant is opening its first restaurant in the country, which some see as one of Asia's last consumer markets with significant untapped potential.
While Time Inc. has begun massive layoffs as it prepares to spin off from Time Warner, there is one person who might not be so worried. Chief content officer Norman Pearlstine reportedly is guaranteed... by contract to no less than $900,000 per year and a "sign-on bonus" of $1.4 million, the Washington Post's Erik Wemple said Friday. Pearlstine's SEC agreement also includes a possible "long term incentive compensation" of up to $500,000 each year. Meanwhile, Time Inc. began a huge round of job cuts Tuesday, with an estimated 500 people of Time's 7,800 workers to lose their jobs ahead of company restructuring. Time Inc. CEO called the changes "painful" in a memo to Time staffers. Pearlstine returned to Time Inc. in 2013 after five years at Bloomberg LP. He had been Time's editor-in-chief from...
Gov. Martin O'Malley described the new cellphone screening system in the Baltimore City Detention Center as the state's latest step in a never-ending process: keeping pace with technology inmates use... to continue criminal activities behind bars.
Three years ago, Ted Nolan needed a map to locate Latvia.
A top executive at Duke Energy has apologized for the company's massive coal ash spill in North Carolina and pledged to clean up its toxic waste from the Dan River.
WASHINGTON (AP) -- A State Department expert on North Korea pleaded guilty Friday to passing classified information to a journalist, and has agreed to a 13-month sentence in a deal with prosecutors,... pending a judge's approval.
EDEN, N.C. (AP) -- Duke Energy says it is diverting the flow of coal ash from reaching a North Carolina river, but the company cannot yet declare the massive spill fully contained nearly a week after... it was first discovered.
The U.S. economy added just 113,000 jobs in January, a second straight month of weak gains. And yet the number of people who said they had found work jumped more than 600,000, thereby lowering the... unemployment rate a notch to 6.6 percent.
The state says it is optimistic it will meet the federal demand to cut the food stamp waiting list by its Monday deadline. Federal funding used to administer the program…
You'd think he might have seen this coming. A Florida police officer was allegedly captured on camera stealing a piece of pricey jewelry during an investigation into a jewelry heist, according to... multiple sources. Pembroke Pines police officer Kevin Burgs allegedly lifted a $750 Movado watch from Jared the Galleria of Jewelry while officers were investigating a break-in, reports CBS Miami. The alleged footage of Burgs has not been released to the public. Earlier, a pair of thieves had been caught on video breaking the store's glass display cases with a pickaxe and grabbing handfuls of booty before escaping through a hole in the roof. The theft occurred at 4:41 a.m. on Wednesday night, according to the Sun Sentinel. Officers responded after the criminals set off an alarm, the Sentinel...
WASHINGTON (AP) -- The U.S. economy added just 113,000 jobs in January, a second straight month of weak gains. And yet the number of people who said they had found work jumped more than 600,000,... thereby lowering the unemployment rate a notch to 6.6 percent.
Energy futures rose broadly Friday on signs that demand for fuel was increasing. Metals prices were little changed and crop futures were mixed.
One Oklahoma restaurant owner says he doesn't want to serve gay people. "I really don't want gays around," Gary's Chicaros Club owner Gary James told NBC affiliate KFOR-TV after a reporter asked him... about several comments accusing the restaurant of discrimination. "Any man that would compromise his body would compromise anything." "I've been in business 44 years. I think I can spot a freak or a f****t," James told the news station. James has used similarly inflammatory language in the past. In 2009, when he ran for Enid city council, James told a local news outlet that he did not approve of people wearing hats in his restaurant. "I have one rule that does away with 95 percent of the trash," James told the Enid News and Eagle at the time. "If they are rude enough to wear a hat inside a...
Not long ago, Toronto’s Globe and Mail newspaper commissioned eight graphic designers to create new logos for Toronto. The most popular design, as determined by readers’ votes, was a logo that... showcased a prominent letter “T” made up of a hundred and forty small circles, which signified the city’s hundred and forty neighborhoods. Other logos had emphasized the city’s multiculturalism. One featured several cranes, in a nod to Toronto’s status as a high-rise construction capital. Perhaps the most vivid offering, though, displayed a circus tent adjacent to the text “Toronto: A Ford Brothers Production,” alluding to the recent headline-dominating antics of Mayor Rob Ford. “What no Gravy Train?” one person tweeted, in reference to Ford’s oft-repeated term for wasteful...
KEY POINTS Seventy-one percent of chief marketing officers around the globe say their organization is unprepared to deal with the explosion of big data over the next few years, according to an IBM... survey. They cited it as their top challenge, ahead of device fragmentation and shifting demographics. The data tidal wave shows no signs of abating. By 2015, research firm IDC predicts there will be more than 5,300 exabytes of unstructured digital consumer data stored in databases, and we expect a large share of that to be generated by social networks. For context, one exabyte equals 1 million terabytes, and Facebook's databases ingest approximately 500 terabytes of data each day. Facebook ingests approximately 500 times more data each day than the New York Stock Exchange (NYSE). Twitter is...
Immigrant Women Leaders Speak "Anything you can do I can do better" was an unspoken refrain of the interviews I conducted with immigrant women leaders, researching my upcoming book. Their combined... brilliance nearly triggered my inferiority complex. I'd ask myself, "How come they did SO MUCH better than me?" (I typically take everything personally.) It's not easy to wrap your mind around something when you're in the thick of things. I'm an immigrant writing about successful immigrant women, regretting that I'd never had a book portraying such role models. The topic simply never received the attention it deserves. Therefore, I felt happy to see an article "What Drives Success?" by Amy Chua (known as "Tiger Mom") and Jed Rubenfeld in the New York Times. The authors identify three success...
Alex Rodriguez accepted his season-long suspension from Major League Baseball on Friday, the longest penalty in the sport's history related to performance-enhancing drugs.
WASHINGTON (AP) -- The U.S. government is getting a new borrowing cap Friday, almost four months after Washington defused October's government shutdown and debt crisis.
Barry Silbert's Bitcoin Investment Trust, likely the world's largest bitcoin investment fund, has announced it will begin buying and selling bitcoins on the open market "on a pilot basis." In other... words, it will become a market-maker. Previously it had served as a vehicle for passively investing in bitcoins. "SecondMarket is currently buying bitcoin," an announcement on SecondMarket's website says. "Any bitcoin holders interested in selling blocks of bitcoin can benefit from our deep knowledge base of the bitcoin markets." Reached by phone this afternoon, Silbert said SecondMarket was capitalizing on the technical problems and ensuing confidence crisis of the past 48 hours experienced by Mt. Gox, at one point the largest USD-traded exchange in the world. "There wasn't any long-term...
Efforts to reunify the ethnically divided Mediterranean island nation of Cyprus will recommence next week after rival Greek and Turkish Cypriots agreed to a new round of talks.
One human-resources expert says it's hard to imagine how company structured like AOL could ever pay $2 million for two pregnancies gone wrong.
SAN JUAN, Puerto Rico (AP) -- Puerto Rico's credit rating was dealt its second blow in a week when Moody's Investors Service announced Friday it had downgraded the U.S. territory's debt to junk... status.
NEW YORK (AP) -- The price of oil briefly rose above $100 a barrel for the first time this year on rising demand for fuel and some positive sentiment about the U.S. job market.
EAST LANSING, Mich. (AP) -- President Barack Obama on Friday signed into law an agriculture spending bill that will spread benefits to farmers in every region of the country, while trimming the food... stamp program that inspired a two-year battle over the legislation. As he penned his name on the five year measure at Michigan State University, Obama said the wide-ranging bill "multitasks" by helping boost jobs, innovation, research and conservation. "It's like a Swiss Army knife," he joked. But not everyone is happy with the legislation and Obama acknowledged its passage was "a very challenging piece of business." The bill expands federal crop insurance and ends direct government payments that go to farmers whether they produce anything or not. But the bulk of its nearly $100 billion per...
NICOSIA, Cyprus (AP) -- Efforts to reunify the ethnically divided Mediterranean island nation of Cyprus will recommence next week after rival Greek and Turkish Cypriots agreed to a new round of talks....
Imagine this metaphorical scenario. You are cruising along a highway and you are pulled over by a police officer. You're not sure why you were stopped. The patrol officer approaches and gives the... signal to roll down the window. You oblige. "How fast were you going?" the officer might ask after examining your license and registration. You answer honestly. "Do you know the speed limit on this highway?" might be the next question. Thinking it over, you realize that you do not know. For as long as you can recall driving along that stretch of highway, there were no signs anywhere indicating the speed limit. You don't know if you were speeding or not! You explain this to the officer, and he confirms your suspicion -- there are no speed limit signs on the road. In order to know the speed limit,...
As more and more oil is extracted from the Bakken shale formation in North Dakota and shipped by rail to Oregon and Washington, concerns are growing that a major derailment could impact a populated... area in the Pacific Northwest. The oil coming from the Bakken region is more flammable than traditional crude and shipments are sometimes mislabeled. The railroad industry maintains that transporting hazardous materials by rail is safe, but along with a boom in oil-by-rail shipments has come a rise in the number of derailments and spills. In fact, U.S. trains spilled more oil in 2013 than in every year between 1975 and 2012 combined. One of the most notable accidents came in July 2013 when a train derailed in the small town of Lac-Mégantic, Quebec, releasing an estimated 1.58 million gallons of...
NEW YORK (AP) -- Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market:
NEW YORK -- Stocks rallied about 1% despite the U.S. Labor Department's report showing weaker-than-expected employment growth last month.
Every week it seems, more news breaks that IBM is looking for a buyer for yet another business unit. The latest news involves its semiconductor business. IBM has appointed Goldman Sachs to shop the... business around, Ed Hammond and Richard Waters from the Financial Times reports. This is on top of news last week from Re/Code's Arik Hesseldahl that IBM could be looking to sell its software-defined networking business. SDN is a new technology for building corporate networks. And that comes after IBM sold its x86 server unit to Lenovo for $2.3 billion last month. We know that IBM wants to sell more business units because IBM's CFO Martin Schroeter told us so last month on the quarterly conference call with Wall Street analysts: "As we look forward to 2014, we will continue our transformation...
High-frequency traders have been paying to get direct access to market-moving news releases, a practice that can give firms the ability to trade fractions of a second ahead of less fleet-footed... investors.
Facebook appears to be down for many people on Friday afternoon. Users are getting an error message when they try to navigate to the site. Don't think I've ever seen this before on Facebook.... pic.twitter.com/v5M3MhAQy3 -- Josh Sternberg (@joshsternberg) February 7, 2014 FB now down for me. pic.twitter.com/RGpjkS0bn1 -- Steve Kovach (@stevekovach) February 7, 2014 facebook is down for some. didn't see that coming mr. prophet hands, did you? pic.twitter.com/7cXQhi7A5W -- drew olanoff (@drew) February 7, 2014 Down Right Now says that there is a "likely service disruption" on Facebook as of two hours ago. Try not to lose your mind. We'll update you when Facebook is back.
For many years Conde Nast has been one of the biggest names in home and lifestyle magazine publishing. Their domino title, launched in 2005, was the first magazine to “democratize decorating.” It... featured designs people could relate to and afford instead of $50,000 couches and antique silver trays (although there were always a few of those too). Despite its million plus circulation, Conde Nast suspended publication of the magazine when the economy dipped in 2008 and magazine subscriptions, advertising and fashion spending fell significantly. But the publication is back, and many would argue it’s better than ever.
Emerging market funds just saw their 15th straight week of outflows, to the tune of $6.36 billion, according to Morgan Stanley. That's the biggest exodus since August 2011, and it's the fifth largest... in history. And combined with last week's $6.33 billion figure, the largest two-week outflow since January 2008. Cumulative outflows totaled $33.3 billion over the past 15 weeks. Investors are fleeing EM over a bunch of different concerns — like macro issues in China and currency stress in Turkey. "At the country level for equities, Thailand, Chile and Poland reported the largest outflows relative to their AUM for the current week," noted Morgan Stanley's Jonathan Garner. "In dollar terms, China (-US$1.14bn), India (-US$0.64bn), Brazil (-US0.63bn) and Russia (-US$0.60bn) reported the...
On Tuesday, Adidas sued the Baltimore-based sports apparel maker Under Armour over its recently-acquired MapMyFitness technology, saying it infringed on patents Adidas obtained in the mid-2000s for... its own workout tracking features. It's the kind of move you don't necessarily take unless you really feel a competitor breathing down your neck, and Under Armour has been doing that: Its sales have steadily increased, totaling $2.33 billion last year; Adidas' full year results aren't in yet, but the trend line isn't good.
In a major boost for the growing spread of drone technology, a British-made fighter drone has successfully completed secret test flights, the British government revealed this week. Named after the... Celtic god of thunder Taranis, the Unmanned Aerial Vehicle (UAV) was first unveiled to great fanfare by British defense manufacturer BAE Systems in July 2010. Details of the British drone program were then classified, until BAE and the government on Wednesday released footage of the maiden flight. A government statement said that Taranis completed a perfect first test flight last August and has made several more since. The location of the tests was not disclosed, but the BBC reports that Taranis is widely believed to be flying in the Australian desert. The size of a small fighter jet, Taranis is...
NEW YORK (AP) -- The U.S. stock market is ending the week with a modest gain after investors found bright spots in the government's monthly employment survey.
Here's a look at how much the iPhone costs around the world. In the U.S., a 16 GB iPhone 5S goes for $200 with a wireless contract. But, without a contract, the phone costs $707 including taxes. ... That's pricey, but it's lowest price in the world. Everywhere else, an iPhone is more expensive, as you can see in this chart based on data from Mobile Unlocked. In addition to absolute pricing, we have the price of an iPhone as a percent of the country's GDP per capita. As you can see, in India, if someone buys an iPhone 5S, they're paying a hefty price. Join the conversation about this story »
The New Mexico Senate is debating a proposal to prohibit texting while driving in the state.
Congress needs to raise the nation's debt ceiling by Feb. 27 to avoid potential default on the country's obligations, Treasury Secretary Jack Lew warned in a letter to congressional leaders on Friday.... It comes as House Republicans are formulating their final plan on the debt limit, according to Politico — involving a "doc fix" on Medicare reimbursement rates and reinstituting some military benefit cuts. The House Republican plan would fix Medicare's Sustainable Growth Rate — the reimbursement rate for doctors who treat patients on Medicare — for nine months. The bill would pay for the fixes with another year of cuts to mandatory spending and changes in federal pension contributions, according to Politico. A House GOP leadership aide told Business Insider he couldn't immediately...
LinkedIn shares fall on the company's weak outlook, but Apple leads the tech sector higher on news of a stock buyback.
WASHINGTON (AP) -- The U.S. is reiterating its willingness to send an envoy to seek the freedom of an American detainee in North Korea after a pro-Pyongyang newspaper reported that such a visit was... being planned.
Now that Microsoft officially has a new chief executive, there's a lot of speculation about the future of the company and, in particular, the future of the Xbox. Top investors in the company have... called, loudly, for Nadella to sharpen Microsoft's focus by slicing off the Xbox division. They'd also like to nix the other consumer product divisions -- such as the Surface, Bing and even the newly-acquired Nokia.
United Airlines said Friday it has a deal to sell its extra-legroom seats through one of the large travel distributors, Travelport.
Ever since federal prosecutors used a controversial anti-hacking law to go after Internet activist Aaron Swartz, civil liberties advocates have been pressing for Congress to narrow the scope of the... Computer Fraud and Abuse Act.
If you're starting a company or launching a new initiative, it can be tempting to give your team space to shoot for a long-term dream goal rather than ask them to drill down on the smaller goals along... the way, especially if you're not yet sure what those steps might be. But according to Jody Greenstone Miller, CEO and co-founder of the Business Talent Group, failing to set specific, short-term targets can derail your project and overwhelm your team. In an interview with The New York Times, Miller said that when she first started her company, she was afraid to put metrics down for her team because she wasn't sure what they were going to be. "[E]ven if I were to say to someone, 'You’ve got to do 10 deals a month,'" she said, "I had no idea what was feasible. I thought they would appreciate...
The U.S. will exhaust all extraordinary measures to borrow in order to pay its bills by Feb. 27, Treasury Secretary Jack Lew said Friday in a letter to House Speaker John Boehner. "Based on our best... and most recent information, however, we are not confident that the extraordinary measures will last beyond Thursday, February 27," Lew wrote. "At that point, Treasury would be left with only the cash on hand and any incoming revenue to meet our country's commitments."
It was another big up-day for markets after a mixed U.S. jobs report. First, the scoreboard: Dow: 15,794.0(+165.5, +1.0%) S&P 500: 1,797.0 (+23.5, +1.3%) Nasdaq: 4,125.8 (+68.7, +1.6%) And now the top... stories: According to the Bureau of Labor Statistics' establishment survey, the U.S. economy added just 113,000 jobs in January, which was well short of the 180,000 expected by economists. Private payrolls increased by 142,000; economists were looking for 185,000. Average hourly earnings, however, climbed 1.9% year-over-year, which was better than the 1.8% expected. According to the BLS's household survey, the unemployment rate unexpectedly fell to 6.6% from 6.7%. This occured even as more Americans enter the workforce boosting the labor force participation rate to 63.0% from 62.8%. Here's...
It's hard to see what strategic move Amazon could make that would allow for the profit growth its valuation implies.
Companies worldwide have outsourced manufacturing to China, and opportunities still exist despite rising labor costs. If your business is ready to take the plunge, here are four key points to... consider.
The share of newly married adults grew 2012. But bachelor's degree holders were responsible for almost all of the jump.
The White House was placed on lockdown Friday afternoon after a man carrying two bags tried to jump over the north security fence.
A line of baby walkers and children's coats and jackets that fail to meet federal safety standards are among this week's recalled consumer products.
ANKARA, Turkey (AP) -- A Ukrainian passenger on an Istanbul-bound flight claimed Friday there was a bomb on board and tried to hijack the plane to Sochi, Russia, where the Winter Olympics are kicking... off, an official said.
If option bulls and shorts throw in the towel, technical outperformer CSIQ could run higher.
Like Charter 77 and the dissidents of the late Cold War era, now we have the Billionaire Dissidents of Obama's America. Meet them and learn their stories.
Cities from Texas to the East Coast got a lot of love in the survey of most romantic cities in America, conducted by restaurant reservation site OpenTable. "These are the cities where people are... really seeking a date night," OpenTable’s chief dining officer Caroline Potter told Business Insider. "Places with nesters and families were often thought of as romantic. Brooklyn is more of a date night town than Manhattan, which didn't make the list this year because it's more about singles mixing." OpenTable calculated a city's romance level by ranking the percentage of restaurants in the area rated as "romantic," according to OpenTable diner reviews, the percentage of tables seated for two, and the percentage of people who dined out on Valentine's Day last year. Regardless of location,...
China's State Administration of Foreign Exchange (SAFE) ended 2013 with $3.82 trillion in assets under management (AUM). SAFE is the organization that is responsible for governing the foreign... exchange market and managing Forex reserves. Stephen Green at Standard Chartered thinks in 2014 China will continue to see capital inflows, a current account surplus of $394 billion (3.6% of Chinese GDP and 0.5% of global GDP). And, that the People's Bank of China (PBoC) will intervene "If our BoP forecasts for 2014 are correct, and banks continue to sell the dollars that they buy from corporates, SAFE will end 2014 with USD 4.4tn," Green writes. "In other words, 2014 is likely to be the year when China’s BoP re-emerges as a problem for both China and the world." So why is all of this a problem?...
The end of his 22-year run at the "Tonight" show host brought in the largest audience since May 14, 1998, the night of the finale to "Seinfeld."
The deep-pocketed tea party group Americans for Prosperity is making a major push to stop an Obamacare Medicaid expansion in Louisiana. Even Sen. Mary Landrieu (D-LA), facing one of the toughest... Senate re-election fights of the 2014 cycle, has embraced expanding Medicaid in her home state. Landrieu's likely GOP opponent, Rep. Bill Cassidy, does not support a Medicaid expansion.
WASHINGTON (AP) -- The U.S. government is getting a new borrowing cap Friday, almost four months after Washington defused October's government shutdown and debt crisis.
A town hall meeting with Rep. Jim Bridenstine (R-OK) took a bizarre turn recently when a woman in the audience declared that President Obama "should be executed as an enemy combatant" and the... congressman kept speaking cordially with her. Bridenstine issued a statement on Thursday denouncing the remark, but that wasn't until eight days after someone posted a video of the town hall online.
As success after success piles up, crowdfunding money-raising platforms have proven to be a great way to fund your next startup. Settle on one of the multiple approaches of crowdfunding, and your... product or service just might be the next FORM1 or TikTok.
Complaints from analysts are that the divergent jobs reports are tricky to interpret, too easy to misread in one direction or the other. Okay then, let's look at this week's other economic reports,... which are less tricky and just as important as the jobs report.
Argentina's Merval is down 5.4%, and today's drop was the biggest since November 2013. "The official peso gained as banks sold dollars to comply with a measure published Feb. 4 requiring them to... reduce foreign-currency holdings to 30 percent of assets and cut futures contracts on foreign currency to 10 percent of portfolios by April 30," reports Camila Russo at Bloomberg. Of course Argentina is one of the emerging market countries that suffers from "serial mismanagement by the authorities" which now poses a "risk to economic stability," according to Capital Economics' Neil Shearing. Argentina continues to face the risk of a currency crisis and sees strains in balance of payments. Here's a five-day chart that shows the recent plunge: Join the conversation about this story »
A drive from Moscow to Sochi in a Lada Niva is an adventure in Russian hospitality and creative car repair.
This week, Yahoo, CBS and ESPN launched their new, online fantasy baseball contests for the 2014 season.
Secret is a buzzy new app that has taken Silicon Valley by storm. Every blogger and investor seems eager to post rumors or musings on it anonymously. It raised $1.43 million from Google Ventures,... Initialized Capital, SV Angel, Kleiner Perkins, Index Ventures, S-Cubed, Fuel Capital, and a couple angel investors. Secret is a lot like anonymous photo and text-sharing startup, Whisper. But unlike Whisper, which lets you see secrets from everyone on the app whether you know them or not, Secret shows you posts that are primarily written by friends or friends of friends. A lot of startups have tried and failed to build anonymous social networks. PostSecret went down because its founder found it "very challenging to remove determined users with malicious intent." Juicy Campus was sued by people...
Over the last few weeks, the real victims of Obama's America have courageously come forth with pleas to end their persecution.
The price of oil briefly rose above $100 a barrel for the first time this year on rising demand for fuel and some positive sentiment about the U.S. job market.
Since interest rates have been falling for 30 years, most of the current bond portfolio managers have no experience in this environment.
NEW YORK (AP) -- The Internet entrepreneur accused of being the mastermind behind an online marketplace for illegal drug sales called the Silk Road was scheduled Friday to go on trial in November....
A second winter storm in two days is bearing down on Oregon and southwestern Washington, this one topped with ice that could make highways more treacherous in some areas and knock out electricity.
David Warren, an attorney with Poyner Spruill in Raleigh, has been appointed to the US Bankruptcy Court of the Eastern District of North Carolina.
Sen. Pat Roberts (R-KY) does not have a home in his home state of Kansas and, when he needs an address in the state, uses one that belongs to two donors.
SOCHI, Russia (AP) -- U.S. Olympians will have to make do without the team's official yogurt -- denying them a source of protein and potentially disturbing their daily routines as they prepare for the... biggest competition of their lives.
"The Lego Movie" is out in theaters today and from what everyone is saying the animated picture is going to be huge. The movie is predicted to open north of $50 million. As a whole, the film cost... Warner Bros. $60 million, relatively low for an animated picture. Any number above $42 million, would push "The LEGO Movie" past Universal's "Ride Along" ($41.5 million) to give it the largest opening weekend of the year so far. Currently, "LEGO" is far ahead of the competition in ticket sales. Fandango provided us with a break down of ticket sales as of Friday morning. "The Lego Movie" is dominating: 77% "The LEGO Movie"11% "The Monuments Men"2% "Vampire Academy" From the looks of things, it's going to be a rough weekend for The Weinstein Company’s “Vampire Academy.” Projections have it...
Former Russian figure skater and member of Russian parliament Irina Rodnina lit the Olympic flame in Sochi on Friday, which brought back scrutiny from the time last fall she tweeted a doctored,... racist photo of President Barack Obama and First Lady Michelle Obama. In mid-September, when the U.S. and Russia were sparring back and forth on the possibility of a U.S. military strike on Syria, Rodnina tweeted this photo: Rodnina subsequently said that she had been sent the photograph by friends in America, according to The Guardian, even though she deleted the photo. Outgoing U.S. Ambassador to Russia Michael McFaul tweeted at the time that the photo was "outrageous" and brought "shame to her parliament and country." Join the conversation about this story »
Construction of the National Cathedral began in 1907. It took eighty-three years to complete the national home of the Episcopal Church, which looks down on the rest of Washington, D.C., from a saintly... perch on Mount St. Alban. President Theodore Roosevelt spoke when its cornerstone was laid, and Martin Luther King, Jr., preached his last Sunday sermon from one of its pulpits. The Cathedral was free to all until last month, when an admission fee was added for tourists. Citing a thirteen-million-dollar annual operating budget and an outstanding debt of nineteen million dollars for repairs from an earthquake in 2011, the cathedral now charges ten dollars for adults and six dollars for children, seniors, military personnel, and students. Sundays are free, as are worship services and spiritual...
A second straight month of weak job growth renewed concerns Friday that the vigor displayed by the American economy late last year may be gone, at least for the moment.
Video camera maker GoPro Inc. submits a confidential filing for an initial public offering with the Securities and Exchange Commission Friday.
At less than 1 euro, or about $1.35, a bottle, the planned tax is just one of several increases next month, but it is the one that has caused the greatest furor.
The private funeral services for Philip Seymour Hoffman were held at Manhattan's Church of St. Ignatius Loyola this morning, and public relations departments were quick to pounce on an... opportunity. According to a report in The New York Post, PR teams for various fashion labels are tastelessly sending out photos of stars wearing their brands while paying their respects to the legendary actor. The Post writes: Valentino emailed fashion bloggers and journalists on Friday morning photos of Hoffman’s “The Master” co-star Amy Adams wearing their Garavani Rockstud Duble bag on her way to the memorial service. — Joel Pavelski (@joelcifer) February 7, 2014 “We are pleased to announce Amy Adams carrying the Valentino Garavani Rockstud Duble bag from the Spring/Summer 2014 collection...
New Federal Reserve data shows that consumer credit balances expanded by $18.756 billion in December. This was much more than the $12.0 billion expansion expected by economists. Revolving credit... balances, which include things like credit cards, increased by $5 billion. This was the biggest gain in seven months. Non-revolving balances, which include things like auto and student loans, grew by $13.8 billion. The financial crisis was followed by sharp contraction in credit balances. This so-called balance sheet recession put tremendous pressure on the economy. According to Bloomberg, this was the biggest gain in consumer credit balances since February 2013. All of this confirms that the balance sheet recession is over. Join the conversation about this story »
The stock market's recent slide has shifted many investors' attention away from highflying companies that do well when the market is rising and toward those that can hold their own even in a... correction, writes Mark Hulbert.
Attitudes towards interracial marriage in the United States have changed over time. Marriages between people of different races are becoming more common — in 2000, 7.4% of all marriages were between... spouses of different races, whereas in 2010, that figure rose to 9.5%. Researchers at the U.S. Census bureau made a fascinating series of maps to analyze the geography of interracial marriages. (via Matthew Klein) Non-Hispanic White/Hispanic marriages are the most common type of interracial marriage in the United States, accounting for over a third of all interracial marriages: White/Black marriages are scattered throughout the country, and forty seven years after the Supreme Court struck down laws against them, they are still fairly uncommon: White/American Indian and Alaska Native marriages...
Some mining companies lease land at less than market rate and enjoy low royalty rates, at the expense of taxpayers, investigators say.
Moody's Investors Service downgraded Puerto Rico's general-obligation debt to junk status on Friday, compounding the commonwealth's difficulties as it seeks fresh sources of cash.
Companies that held their initial public offerings on Friday showed mixed results in their first day of trading.
Since 1997, Slashdot.org has delivered "news for nerds." The site has been a hub for techies, nerds and geeks of all stripes to share and discuss the stories that matter to them. But the beta version... of an upcoming redesign has some users up in arms -- and spamming unrelated Slashdot posts with critical comments ranging from detailed critiques to profanities.
Get a chance to be deeply involved in TPM's 2014 election coverage by helping to run TPM's PollTracker. Details after the jump:
Duke Energy has finally stopped its coal ash pond in Eden from leaking into the Dan River, five days after a broken stormwater pipe dumped tons of ash.
Contrary to popular belief, most Americans who use prepaid cards also have checking accounts.
This post originally appeared on Details.com. It's amazing what too much time sitting at a desk or on a couch can do. And by amazing, we mean horrible: Weak glutes, poor posture, a powerless core,... and tight hips and hamstrings are just some of the consequences. "You bring those imbalances and weaknesses into the gym and start doing even the most basic movements incorrectly as a result," says Florian Roth, a Tier 3 trainer and performance coach at Equinox Soho. Add resistance into the mix, and while you may think you're getting stronger, you're actually putting yourself at risk of injury, he says. "You must first master the following four movements, using proper form, and then allow them to serve as the building blocks from which you can safely advance your training." 1. The Movement: Pull...
For some of his career as a New England Patriots player, Tully Banta-Cain repaired to this modern home with a saltwater pool and hot tub to repair from his work on the field. Located at the rear of... this two-bedroom home, the pool is housed in a room that includes a kitchen area with a sink and glass walls. A metal spiral stairwell leads to the sunny second-floor master suite with its own bath, a fully tiled space with all-body shower heads and steam capability.
I'm not sure that "gentlemen's club" is the greatest euphemism ever coined, but it is certainly up there. "Strip joint" captures the essence much better. Nonetheless, Potter's Pub fancied itself a... "gentlemen's club". John Potter, the long term owner was in Tax Court recently. Things did not go well for him, although since he had already been criminally convicted, the fraud penalty was more a matter of adding insult to injury.
The new Chevrolet Corvette Stingray has received rave reviews since it hit the road last year. We called it the most fun car we've ever driven — partly because with an MSRP of just $51,000, it's... surprisingly affordable. To see how the new American stacks up against the best of Europe, the UK's Autocar magazine pitted it against three stupendous vehicles: the Porsche 911 Carrera S ($98,900), Jaguar F-Type V8 ($92,000), and Audi R8 V8 ($114,900). Then it put the whole thing on video. The Stingray more than held its own. In an acceleration test, it whipped the 911, seven times out of seven. The 911 took first place in braking power, however. Facing off against the F-Type in engine sound, it fought its way to a "highly scored draw." Same for the handling competition against the R8. Autocar...
Just in time for Valentine's Day, billionaire activist investor Carl Icahn is showing his love and appreciation for Apple CEO Tim Cook, and the $14 billion worth of stock the company just bought back.... Icahn has been buying up Apple stock for months now, building a position, and he's been loud about how he thinks the company should be using its cash to buy back stock. Of course, that pumps up the stock price, and make shareholders (like him) wealthier. So of course, Icahn is happy about the $14 billion news, and tweeted as much Friday afternoon. $GOOG @ 19x2014 est operating profit. At same multiple $AAPL=$1,245 per share. Ridiculous. Keep buying Tim! You still have $145 billion cash — Carl Icahn (@Carl_C_Icahn) February 7, 2014 There are tons of people that disagree with Icahn, of...
The consultants writing the State Department's environmental report of the Keystone XL pipeline have reviewed other projects undertaken in recent years by companies including Keystone's owner,... TransCanada, according to a department official's letter obtained by environmental groups opposed to the Keystone XL project.
If you’ve started to build an investment portfolio or have amassed substantial assets, you face a variety of financial challenges. How do you reduce the risks of investing, while still achieving... your personal goals, such as a steady income in retirement, a larger “nest egg” for your children or leaving a legacy to charity?
At 63 years young, the oldest wild bird that we know of, Wisdom the Laysan albatross, has had another baby! Almost exactly a year after her last chick was born, the new baby started cracking out of... its shell. Refuge workers first spotted the baby bird on Feb. 4, according to the U.S. Fish And Wildlife Service (USFWS). The birds live on the on the Midway Atoll National Wildlife Refuge in the Papahānaumokuākea Marine National Monument, in the Hawaiian archipelago. They arrive every year to mate, build a nest, lay an egg and incubate it, then hatch and brood their chick. The birds mate for life and take turns sitting on the egg. It takes 365 days to lay and incubate the egg, then raise the chick. The albatross only lays one egg a year and then usually takes a breeding year off. But...
Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. declined by 14 this week to 1,771.
(Kitco News) - Economic data releases out of China and Federal Reserve chief Janet Yellen’s first congressional appearance since being sworn in Feb. 3 could influence gold prices next week.
(Kitco News) - Positive technical price charts for gold could encourage the yellow metal to move higher next week, as a majority of participants in the weekly Kitco News Gold Survey forecast higher... prices.
SAN GERMAN, Puerto Rico (AP) -- Maxi Fajardo smiles as she recalls moving to New York City from Puerto Rico in her late teens, falling in love, finding a job at the Chiclets factory and raising four... children.
Sulaiman Famro left his native Nigeria in the 1970s to become an engineer. Now in his 60s, he claims his invention could save the country billions. "No doubt, Nigeria is blessed with huge human and... natural resources, but without the necessary technological expertise and the political will to harness the vast resources, these blessings cannot be converted to assets," said Famro the The Nation.
The city of Junipero has a problem. Some of its citizens are starving, even as others gorge themselves on 28-course tasting menus. Food inequality has become a visible and painful symbol of class... conflict. Activists accuse Junipero's foodies of snatching food from their neighbors' mouths. Some of the foodies have turned defensive, complaining aloud that people who forgot to pack a lunch are jealous of those who remembered.
Two state names, Arkansas and Kansas, share all but two letters in the exactly the same order. So why do we pronounce them differently? We can thank the French. Arkansas was named for the French... plural of a Native American tribe, while Kansas is the English spelling of a similar one. Since the letter "s" at the end of French words is usually silent, we pronounce Bill Clinton's home state "Arkansaw." Technically, Kansas and Arkansas stem from the same basic root, kká:ze: the native root for the Kansa tribe, often thought to mean "people of the south wind." Kansas is named for the Kansas River, which is named for the Kansa tribe. It's the English spelling though, so naturally, we pronounce the final "s." The French, however, left their mark on Arkansas' pronunciation. French explorers...
Colorado technology officials say they have fixed problems that kept a state daycare inspection website offline for months and sent error messages to about 15,000 people who tried to access... information.
A proposal to boost New Mexico's minimum wage to $8.30 an hour next year and provide for annual inflation increases rate has cleared a Senate panel.
A federal judge in New York has scheduled a trial for a California man accused of being the mastermind behind a secret drug-dealing website.
Puerto Rico's credit rating was dealt its second blow in a week when Moody's Investors Service announced Friday it had downgraded the U.S. territory's debt to junk status.
This contemporary compound features a suspension bridge that connects the stone home to a waterfront boat house.
Two Russian Olympic heroes, Irina Rodnina and Vladislav Tretiak, carried the Olympic torch and lit the Olympic cauldron together to kick of the 2014 Winter Olympics in Sochi. Rodnina is a 3-time... Olympic gold medalist in figure skating. Tretiak won three gold medals as the goalie for the Russian ice hockey team. Tretiak was famously denied a fourth gold medal when he was replaced at the end of the first period during the Soviet Union's loss to the United Stated during the Miracle on Ice. Here is the cauldron being lit: Join the conversation about this story »
Puerto Rico's credit rating was dealt its second blow in a week when Moody's Investors Service announced Friday it had downgraded the U.S. territory's debt to junk status.
After an early blunder, Sochi ended up putting on a spectacular Olympic Opening Ceremony on Friday night. The big moment came 10 minutes into the ceremony, when a giant Olympic ring apparatus... malfunctioned. The rings were supposed to form out of five snowflakes. But the fifth and final snowflake never expanded, making for some embarrassment. Thing got much better after that. The show featured a ton of dancing, including a tribute to "War and Peace" and an awesome-looking performance of Swan Lake. Russian tennis player Maria Sharapova was one of the final torch bearers. She handed off the torch to figure skater Irina Rodnina and hockey player Vladislov Tretyak, who lit the cauldron in a fiery finale. All-in-all, it was slightly bizarre but certainly entertaining. Here's everything you...
The company turned reputational risk into opportunity.
Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their... hard-earned cash to make a purchase, is that they expect to make money. Today we look at a noteworthy recent insider buy.
WASHINGTON (AP) -- Japan assured the U.S. Friday that it will respond calmly to actions by China that have increased tensions between the two Asian powers.
Door No. 1 will infuriate your core supporters, spark a civil war within your party and subject you to a coup d'état -- all without a guarantee of success. Door No. 2 will anger your wealthy donors... and make your party irrelevant to the electorate of the future, your own strategists say -- and it'll be on you. That's the terrible, horrible predicament before House Speaker John Boehner on immigration reform -- perhaps the most daunting challenge of his career. And he's struggling mightily with it. Exactly one week after taking two steps forward by releasing a pro-reform blueprint last Thursday, he took three steps backward by kowtowing to his anti-reform flank and pouring cold water on it.
The SPDR S&P BRIC 40 ETF (BIK) is seeing unusually high volume in afternoon trading Friday, with over 648,000 shares traded versus three month average volume of about 90,000. Shares of BIK were up... about 0.8% on the day.
You know that many states didn't set up their own Affordable Care Act exchanges. Many of the same states refused to accept Medicaid expansion, despite the fact that participating states will only have... to pay a tiny percentage of the cost. Now there's this: If you live in a red state and need to use the federal exchange and are eligible for a subsidy, now a growing number of conservatives wants to prevent you from getting that subsidy. Just because ... well, just because apparently it's really, really important that you not get access to health care insurance. Sens. Cruz, Rubio, Lee and others have signed an amicus brief in support of the lawsuit which is trying to block these subsidies and then there's this email I got last night from TPM Reader JW who notes State AGs who are also on board...
Airbnb has closed a $200 million round of financing, according to a new SEC filing. That brings the company's total amount raised to $526 million (via Launch.co). The round was confirmed in October,... when Airbnb CTO Nate Blecharczyk said it was in the works and that Founders Fund was an investor. *The Form D was filed today for that round, which was first reported in late 2012. Airbnb, which lets people rent out their homes to others while they're away, was previously valued at ~$2.5 billion. Investors include Y Combinator, Sequoia Capital, Greylock Partners, SV Angel, Ashton Kutcher, Andreessen Horowitz, General Catalyst Partners, Jeff Bezos and Digital Sky Technologies. As of 2012, 15 million nights had been booked on Airbnb. Airbnb issued a statement about the Form D: Airbnb...
Chuck Jaffe on how to build a portfolio with a long-term outlook.
Fairbanks North Star Borough officials have appealed to the Interior delegation to block a bill that would require Alaska school districts to pool employee health insurance plans.
WASHINGTON (AP) -- The U.S. government is getting a new borrowing cap Friday, almost four months after Washington diffused October's government shutdown and debt crisis. The new cap on borrowing is... expected to be about $17.2 trillion. It means Treasury Secretary Jacob Lew will have to employ bookkeeping maneuvers to keep the government functioning until Congress further raises the borrowing limit. Lew warns he has less maneuvering room now than he had last year, when such "extraordinary measures" bought five months of time for the government to keep borrowing while at the previous $16.7 trillion debt ceiling. Lawmakers temporarily suspended the borrowing limit last October in the agreement to end the shutdown. It will be reset at the total amount of debt at close of business on Friday....
CHICAGO -- When 27-year-old Luke Saunders told his former boss he was turning down a substantial raise and promotion to create a vending machine that would sell exclusively organic, restaurant-quality... salads and snacks, he was met with looks of disbelief and confusion. "They still think I'm nuts," Saunders, the founder of Farmer's Fridge, admitted. Despite the skepticism, Saunders unveiled the first of what he expects to be many of his unusual kiosks in an otherwise dreary food court in downtown Chicago in late October. And it was an almost immediate hit. The machine resembles something out of a "Portlandia" sketch. Made from reclaimed wood and surrounded by real plants with a carpet of artificial grass leading up, the kiosk is stocked at 10 a.m. every day with an array of fresh salads and...
Japan assured the U.S. Friday that it will respond calmly to actions by China that have increased tensions between the two Asian powers.
CAIRO (AP) -- Clashes between Egyptian security forces and Islamist protesters killed two people on Friday, including an 11-year-old boy, while a pair of home-made bombs targeting policemen wounded... six people on a bridge in Cairo, officials said.
Thursdays' nice rebound in the stock market has likely put some bearish traders on edge going into Friday's job report. If it were not for the jobs report, one would typically expect the rebound to go... a bit further and trigger more short covering before the sellers again stepped in to push the market below the recent lows. The jobs report is likely to short circuit the normal pattern. Though it has not been long since the market made new highs, the decline has already succeeded in reducing both the too high bullish sentiment and the market's overbought status. In the latest numbers from AAII, only 27.9% of individual investors are now bullish, a drop of over 28% in just six weeks. Many stocks and sectors have already reached the first good support levels and some, like the homebuilders,...
CHICAGO (AP) -- Chicago's major taxi companies on Thursday sued the city over a proposed ordinance that Mayor Rahm Emanuel says closes a loophole that has given ride-sharing companies an unfair... advantage over taxicabs. But the taxi companies say the ordinance as written lets the ride-share companies off lightly. It would require them to pay a $25,000 annual fee, a daily $3.50-per-vehicle ground transportation tax and a $25-per-driver tax that companies pay. The cab companies argue the payment from those fees and taxes would be small compared with the $24 million paid annually by the taxi industry. "It is discriminating against taxi owners who have played by the rules, paid their taxes and complied with safety and licensing requirements, while the city at the same time is allowing...
Ramped-up bidding activity on TripAdvisor's meta platform, broader roll-out of the Expedia Traveler Preference program, and rapid growth in advertising and media revenue from the newly acquired... Trivago, helped Expedia to regain its momentum in Q3 that it continued in Q4 as well.
Republican Sens. Ted Cruz and Marco Rubio, along with other top congressional GOPers, have urged a federal court to block Obamacare subsidies for people who signed up for coverage through... HealthCare.gov. The group of eight -- which includes Senate Minority Whip John Cornyn, Sens. Orrin Hatch (UT), Mike Lee (UT) and Rob Portman (OH) along with Reps. Dave Camp (MI) and Darrell Issa (CA) -- filed an amicus brief Thursday on behalf of businesses and individuals who sued to stop the subsidies from flowing through the federal website, the Washington Times reported.
David Axelrod says he's not the only one who wants Democrats to focus on 2014 rather than 2016. Hillary should too, he says.
While market valuation is certainly under doubt, Pandora's transformation into profitable business is encouraging considering the losses it experienced in the past few years.
Unlike the United States labor force, Europe's isn't shrinking, and the working habits of older women are a major reason.
The revelation this week that a group of people attacked a power station in California last spring is forcing a reassessment of what may be the most frightening threat to the nation's electricity... grid. Before the news broke, most utility executives were worried about cyberattacks. But the Wall Street Journal reported Tuesday that the attack on the Metcalf power station near San Jose in April was much more conventional:
The overall U.S. jobs numbers show no rise in this segment. But Free Agent Nation can be found in the details.
While the revenues increased by 5% to $8.57 billion, the operating income declined 9% to $1.84 billion as a result of a 12% increase in programming expenses.
Stocks stumbled out of the 2014 starting gate, with the major averages all falling in January. Year-to-date through Feb. 3, the Dow had sank some 6.5% while the S&P 500 was off nearly 5%. Now to be... certain, the losses in the broad market have been downright ugly, but even uglier has been the performance of retail stocks.
Former Federal Reserve chairman Paul Volcker took sharp aim at US income inequality in a room full of Boston investment professionals Thursday night, saying the earnings gap presents one of the... economy's greatest challenges.
(Reuters) - The U.S. Chamber of Commerce on Friday called on the government to ratchet up pressure on India over intellectual property rights, in a move that could help prevent Indian companies from... producing cheap generic versions of medicines still under patent protection.
L'Oréal SA is scheduled to report its full fiscal 2013 earnings after the close of the Euronext Paris exchange on February 10. The company is the world’s largest cosmetics manufacturer, with a... market capitalization of $98.5 billion and annual revenues of approximately $29 billion in 2012.
Earlier this week, the official Twitter account of the Drug Free America Foundation posed this question: "What happens if marijuana is legalized?" A perfectly reasonable question to ask. But the... graphic that accompanied the question was far less so. For starters, it included zombies: What happens if marijuana is legalized? pic.twitter.com/cLc0nsQCcr -- DrugFreeAmerica (@DrugFreeAmerica) February 5, 2014 Without citing any studies or data, DFAF's graphic claimed that marijuana legalization would not only lead to an increase the number of teenage and adult users of cannabis -- doubling or tripling the total number of users -- but perhaps trigger one of the Internet's favorite fantasies: the zombie apocalypse. Immediately, people on Twitter reacted by questioning the science behind this...
The Justice Department says it has closed an investigation of Samsung Electronics Co. Ltd. over alleged misuse of patents to exclude some Apple iPhone and iPad models from the U.S. market.
The U.S. government is getting a new borrowing cap Friday, almost four months after Washington defused October's government shutdown and debt crisis.
The U.S. government is getting a new borrowing cap Friday, almost four months after Washington defused October's government shutdown and debt crisis.
Phillip Seymour Hoffman's tragic death last weekend has placed a renewed spotlight on the nation's heroin epidemic, a problem that has grown much, much worse in the last decade. Behind the recent... uptick in heroin deaths is a spike in the number of Americans abusing another kind of drug: prescription painkillers, which Hoffman reportedly abused before his problem escalated to include heroin. Dozens of deaths in Pennsylvania, Vermont and elsewhere have been linked to a form of heroin laced with Fentanyl, a particularly potent painkiller. But in many cases, it appears the victims first got hooked on prescription pills only to later switch to heroin for the cheaper high. "In every corner of our state, heroin and opiate drug addictions threaten us," Vermont Gov. Pete Shumlin said during his...
A San Diego software firm will get a $4.5 million check from the state of Texas and move its corporate headquarters to the Lone Star State.
WASHINGTON (AP) -- The Justice Department says it has closed an investigation of Samsung Electronics Co. Ltd. over alleged misuse of patents to exclude some Apple iPhone and iPad models from the U.S.... market.
A bundler for President Barack Obama who is nominated as the next U.S. ambassador to Argentina said Thursday that he's never actually been to that country.
Dragons Adventure The next generation's car trip entertainment With Dragons Adventure, a game based on the world of Dreamworks' "How to Train Your Dragon," Microsoft has hit on a fascinating gaming... concept. The app, made in conjunction with Dreamworks, is made for kids on road trips. It uses Nokia's maps to translate your real-world route into the fiery and exciting world of the film, and displays real landmarks such as rivers or notable buildings as cartoon destinations in the app. Weather in the game mirrors weather in real life.
The price of bitcoin plunged Friday after Japan-based trading exchange Mt. Gox announced that it has been forced to suspend all withdrawals from its accounts.
Former President Bill Clinton will stump for Secretary of State Alison Lundergan Grimes (D) to try to help boost her bid to replace Senate Minority Leader Mitch McConnell (R-KY).
The Republican-controlled Missouri Senate voted 23-9 along party lines Wednesday to kill legislation expanding Medicaid eligibility to roughly 300,000 uninsured, lower-income adults. Despite Gov. Jay... Nixon's (D) vocal support for expanding Medicaid, the state's Republican-led legislature repeatedly defeated Democrats' efforts to advance similar proposals last year. "It's the easiest and simplest way to improve our health care in our state, improve our economy," state Sen. Paul LeVota (D), who spearheaded the amendment, said on Wednesday, according to the St. Louis Post-Dispatch. "This isn't a crazy idea. This is an idea whose time has come." Approximately half of U.S. states have expanded Medicaid under the Affordable Care Act, which offers participating states federal payments covering...
The 900MHz spectrum in Delhi was being fought for, with the price 90% higher than the reserve price, at `684.7 crore per MHz
It keeps getting easier to ditch the soda can.
As a long time AARP member and advocate for retirement security, I have always been impressed by and supported the organization's strong defense of its members' economic well-being and its ability to... explain those often complex issues in plain language without being unduly alarmist. That opinion changed, however, when I read the column titled "Protect Our Earned Pensions" by A. Barry Rand, CEO, published in the Huffington Post. In it, Mr. Rand rightly describes the important role that multiemployer pensions play in the lives and businesses of more than 10 million workers and employers; however, he is off the mark when he writes that one proposal under consideration by Congress regarding multiemployer plans would "back out on promises made to retirees." What Mr. Rand doesn't say, and what...
Have you ever spoken publicly as a professional in your field and then later learned, something you said blew your credibility? This happened to me recently and it took a few days for the sting to... subside. I was asked to be a speaker at a conference about finding our voice and advancing our messages in business. My presentation was about the words we commonly use in marketing that give off a (negative) vibe we would never intend. The room was packed. The talk felt effortless. I got high-fives and applause for challenging the status quo and revealing how to choose our words wisely. Five days later, a friend sent me a blog written by a well-known person at the event. The title alone made me instantly gulp, "Don't be 'that' presenter people are whispering about." The article is about a...
This article is by Charles R. Taylor, John A. Murphy Professor of Marketing, Villanova University.
The U.S. stock market moves higher on Friday as investors examine the details of the jobs report and find a silver lining in an otherwise disappointing headline number.
The following is a list of initial public offerings planned for the coming week. Sources include Renaissance Capital, Greenwich, CT (.renaissancecapital.com) and SEC filings.
SAN FRANCISCO (AP) -- With the Winter Games underway in Sochi, Google Inc. quietly but vibrantly added its voice Thursday to the chorus of U.S. companies speaking out against Russia's law restricting... gay-rights activities by updating its iconic search page logo to depict illustrations of athletes skiing, sledding, curling and skating against a rainbow-colored backdrop.
LINCOLN, Neb. (AP) -- Cargill, one of the nation's largest meatpackers, has added wording to its labels on ground beef packages that indicates whether the meat inside includes a product that's been... called "pink slime."
It's no secret that a lot of Americans aren't totally enamored with the corporate world. Skeptics have any number of reasons to question the motives of big businesses, and many people appear to... believe that companies care about maximizing profits and not much else. Research from the University of Pennsylvania shows that people tend to perceive a link between companies that make a profit and companies that cause social harm. When participants were asked to assess various companies and industries -- some real, some hypothetical -- both liberals and conservatives viewed profits as undeserved, and even associated strong earnings with evil. But those attitudes may be slowly eroding. According to the 2014 Edelman Trust Barometer, released last month by the public relations company Edelman, the...
(Kitco News) - Disappointing jobs growth in the U.S. during the last two months likely was not enough to dissuade the Federal Open Market Committee from tapering the bond-buying program known as... quantitative easing, economists and strategists say.
A new line of bad Obamacare news made the rounds in conservative circles this week: One insurance company, Humana, said it could receive up to $450 million in 2014 through the various provisions in... the law that were designed to help insurers make the transition to its reforms. It was picked up by Scott Gottlieb, a resident fellow at the conservative American Enterprise Institute, who wrote about the report for Forbes. He cited Humana executives who said that the Obamacare "bailout" -- as Republicans have dubbed those provisions -- would cost up to $450 million to cover their company. His report was soon referenced by National Review Online, HotAir, NewsMax and others -- many of whom noted that this huge bailout was for "just one insurer." It sounds, when you put it like that, like another...
By now, virtually everyone has heard that actor Philip Seymour Hoffman died last Sunday of an apparent heroin overdose. What fewer people know is that, on the same day, roughly 100 other Americans... also likely died from drug overdoses -- statistically speaking.
NASA's Curiosity rover has shared its very first picture of Earth from Mars. The photo was taken about 80 minutes after sunset on Jan. 31, 2014, NASA said. The rover tweeted the photo on Thursday with... the accompanying caption: "Look Back in Wonder... My 1st picture of Earth from the surface of Mars." At the time the photo was snapped, Earth was 99 million miles away from Mars, according to NASA. The space agency says the image was processed to remove the effects of cosmic rays. Our home planet looks like just a tiny white dot above the horizon. An even tinier and fainter spot below Earth is our moon. "A human observer with normal vision, if standing on Mars, could easily see Earth and the moon as two distinct, bright 'evening stars," NASA said in a release. SEE ALSO: The Opportunity Rover...
Well, it's not really a secret. You just have to know the tricks on how to successfully apply - I'll get to that in a minute. It's more important to tell you where the money is coming from.
How do you feel about failure? Honestly, how comfortable are you with it, whether it’s your own, or the failure of one of your team members?
The Better Business Bureau and the Attorneys General of several states are warning consumers of a phone scam that costs victims $20 or more per call.
Whole Foods terminated Rhiannon Broschat's employment. She says she needed to be home with her special needs child on a day when Chicago's schools were closed. Now she's fighting to change the... company's policy. Broschat joined HuffPost Live to share her story.
Germany's constitutional court has referred the decision on the legality of the European Central Bank's bond-purchase program to the European Court of Justice, the court said.
American Crossroads, the Republican super PAC founded by Karl Rove, released a set of eight polls on Friday showing that control of the Senate is "up for grabs" ahead of November's midterm elections.... According to the polls, which were conducted by the right-leaning Harper Polling, Republicans hold leads in five of seven key U.S. Senate races. The other races are either tied or show room for growth from GOP candidates. The automated surveys from Harper show Sens. Mark Begich (D-Alaska), Mark Pryor (D-Ark.) and Mary Landrieu (D-La.) trailing their Republican opponents. Republicans also lead open races with Democratic retirements in Montana and Michigan. Republicans need to swing six seats — while holding onto their own seats — to take back control of the Senate. Doing so would give the...
Time is money, according to the business dictum. When it comes to retirement, it's literally true.
Websites now let people ask for charitable support for their own causes, but some fear that such sites will drain donations from established nonprofits.
Going out for dinner on Valentine's Day is inevitably a rip-off. It's one of the busiest days of the year for restaurants, and practically all of them will offer some kind of over-priced pre-fixe... menu. Eating a nice, romantic meal at home may be the responsible solution, unless you want to hire a Michelin-starred chef and drop $100,000. A British luxury retail site called VeryFirstTo is offering what has to be the most expensive Valentine's Day dinner in history. British Chef Adam Simmonds will go to one lucky (or crazy) couple's home and cook a jaw-dropping, eight-course menu that stacks up to £61,000, or about $99,478.80. What kind of menu could possibly cost that much? One that contains Almus white caviar ($4,891.80), spring white truffle ($1,630.60), gold leaf ($3,261.20) and silver...
An Israeli soldier used a GoPro to make this very interesting video chronicling his discharge from military service. Every able-bodied Israeli (who is not enrolled in an Orthodox Jewish Synagogue to... become a Rabbi) must do a minimum of three years military service. The video starts off with him and a bit of narration (translated below) then it follows him as he turns in gear and fills out paperwork — usually a tedious and miserable process — until finally he cuts his military ID and heads off to freedom. Here are the translations of his spoken portions — Wednesday, 20.11.2013 We'll sleep well, get up tomorrow morning, drive to the battalion and return all of the equipment. On Sunday I'll go to "Artilleryman's House" and complete my discharge. Good night. Thursday, 21.11.2013...
SAN FRANCISCO (AP) -- Officials in California on Friday were set to outline proposed state legislation requiring smartphones and other mobile devices to have a "kill switch" that would render them... inoperable if lost or stolen.
SAN FRANCISCO/NEW YORK
In a testament to the power of Twitter, or the speed of the revolving door between government and the private sector, or both, one banking legend's controversial effort to dabble in regulation has... ended less than 24 hours after it was announced. Blythe Masters, head of JPMorgan Chase's commodities unit, will not be advising the Commodity Futures Trading Commission on market regulation after all, Bloomberg reported on Friday -- less than a day after Bloomberg reported that Masters would get the job. Masters would have been on a committee helping the CFTC figure out how to regulate the derivatives market. This was an eye-opening development for a couple of reasons. For one thing, Masters basically invented the credit default swap, the derivative at the heart of the financial crisis. This...
Since August 2012, I have been writing on Debt Roundup about many different topics. They have all surrounded money and debt, because that is what I am passionate about. I have provided this... information because I wanted to help those that are in the same situation that I was once in. I also wanted to show others that people make mistakes and that I am very much human. I am not perfect, nor do I pretend to be. I have been thinking about writing this post for some time, but just haven't pushed myself until now. I want to provide you with what I did to pay off my credit card debt. How I paid off $50,000 - The Steps There are many others that might have more or less credit card debt, but we all got into it for one reason. We spent more than we made. Simple and to the point. There might be many...
MONTPELIER, Vt. (AP) -- An insurance company has won a legal round in its effort to avoid providing information about health coverage sought by the state of Vermont.
Valuation makes a compelling case to buy. Since 2009, ConAgra has averaged a price-earnings multiple of 15.9. Multiplied by the $2.34 EPS forecast, that would yield a $37.20 stock price.
A commercial airliner has landed safely in Istanbul after a hijacking attempt, the Turkish civil aviation authority said in a statement issued to Reuters: "A Pegasus Airlines plane flying from Kharkov... to Sabiha Gokcen landed at Sabiha Gokcen safely after receiving a bomb threat while in the air." According to José Miguel Sardo, an editor at euronews, the flight had 110 passengers on board. Sardo reports a Ukrainian tried to divert the plane to Sochi, where the Winter Olympics are just starting: #Turkey: Pegasus kharkiv-Istanbul flight with 110 passengers hijacked allegedly by Ukrainian trying do divert plane to #Sochi - trk media — José Miguel Sardo (@jmsardo) February 7, 2014 The Associated Press reports that the passenger said he had a bomb, and security forces are now searching the...
The Women 2.0 conference speaker talks about growing SpaceX from a startup with a handful of employees to a company with out-of-this-world ambitions.
On Monday, a bunch of Yale students interrupted Nobel Prize winning economist Robert Shiller's class with a completely obnoxious prank, but Shiller seems pretty chill about it. "I was a little thrown... off by the pranksters, but, after all, wasn't too much bothered by it," Shiller told Business Insider. Not sure if we'd be as smooth. As Shiller was a lecturing, a bunch of cell phones started going off. One student shouted, "Rise!" Then a bunch of students stood up, holding bells. A boy and a girl walked down to the podium. They handed Shiller a few things — a paper and a scroll. Then one students said, “For talking about your Nobel Prize more than anyone else, we present you with the Yes-bell Prize." Really clever. "The accusation that I talked too much about the Nobel Prize isn't about...
Good money habits are one of the most important things parents can teach their children. The tricky question is, how? A new article in Wall St. Cheat Sheet outlines simple steps that parents can take... to start teaching kids the value of money from an early age. The key is to keep each lesson simple and convey it in relatable terms. Here are three of the best tips: 1. Make your kids work for their money. Once your child is old enough to understand what money is (maybe age 4 or 5), it can be useful to give them a small allowance. This could be anything from $0.50 to a few dollars a week and will give your child a small amount of money to be financially responsible for. Better yet, you can link the allowance to chores — they'll learn that money is something they earn, not something they...
LANSING, Mich. (AP) -- President Barack Obama is carrying out a presidential duty that he hasn't had a lot of opportunity to perform recently: signing into law a major piece of bipartisan legislation....
The SEC's civil case against hedge-fund billionaire Steven A. Cohen is likely to proceed following guilty verdicts against senior SAC employees Michael Steinberg and Mathew Martoma.
Another mixed jobs report.Why immigration reform is going nowhere. And how far would you go to get someone to invest in your business?
Bill Maris, managing partner of Google Ventures, has listed his Palo Alto home for $2.85 million. According to Realtor.com, the home has four bedrooms and a beautifully modern design, but the most... interesting part of it may be who happens to live next door. Maris' home actually shares a small piece of land with a similarly designed house belonging to Apple CEO Tim Cook. Cook reportedly bought the modest 2,095-square-foot condo for $1.9 million back in 2010, around the same time Maris moved in. The decision to keep the rival close by is interesting, especially considering that other tech executives like Marissa Mayer and Mark Zuckerberg have been known to buy surrounding properties just to keep other people away. Maris reportedly moved to Mountain View in 2012, meaning that the...
Political strategist David Axelrod said Friday that his admonition wasn't aimed at Hillary Clinton when he said Democrats should focus on the 2014 midterms rather than the 2016 presidential race.
Veteran bond fund manager Jeff Gundlach recently pointed us to the chart that he looks at when he gets up every morning. It's an overlay of the US dollar / emerging-market currency exchange rate and... the yield on the 10-year Treasury note. Gundlach noted that there has been a remarkably tight correlation between the two measures with the currency cross acting as a slight leading indicator of the 10-year yield, which is the benchmark for almost every important interest rate in the world. Last month when he last spoke of this chart, the currency cross was signaling a decline in the 10-year yield. And as Gundlach correctly predicted, that yield has been tumbling toward the 2.5% level he targeted. However, the correlation in this chart appears to have broken down. Earlier today, Morgan...
Everyone is freaking out about this bear at the Opening Ceremony. He is pretty terrifying: Scary: The bear has some friends too: Just skating around: Join the conversation about this story »
In April 1968, the world changed forever when Rev. Dr. Martin Luther King Jr. was assassinated in Memphis, Tenn. But in the seven days that followed, the country changed even more when Congress passed... the Fair Housing Act, prohibiting discrimination on the sale, rental and financing of housing based on race, religion, national origin and sex. A short documentary by content creators and filmmaking group, Animal, entitled "Seven Days," revisits the week that changed American history. The film, which is featured on the Vimeo Staff Pick page, explores the events that led to the passing of the bill, including the contentious debate and how King's assassination ultimately spurred government action. To this day, the Fair Housing Act stands as the final great achievement of the Civil Rights Era....
WASHINGTON (AP) -- "Do you guys have health insurance?" David Bransfield asks each time a group of college students passes by.
Home prices in Chicago may have risen 11 percent during the past year, but there are still some deals that can be had.
KIEV, Ukraine (AP) -- Washington is willing to consider financial aid to Ukraine as the country struggles through a polarizing political crisis, but only if it undertakes political and economic... reforms, a top U.S. diplomat said Friday.
Sen. Rand Paul plans to hosting will be hosting a fundraiser in Washington, D.C. for Republican Maryland congressional candidate Dan Bongino on Feb. 25.
I will surely refrain from spouting off all the latest and greatest social media marketing numbers. From the gazillion numbers of people on Facebook on Twitter to the rapid rise of Pinterest and... Instagram and on and on and on.
Sen. Rand Paul (R-KY) is ratcheting up his criticism of former President Bill Clinton, suggesting Democratic candidates return any money he helped raise for them in protest of the Monica Lewinsky... scandal.
Google may have just opened up Chromecast for app development, but as far as Google's signature platform Android goes, BI Intelligence finds that Google is moving in a very different direction.... Android is by far the biggest smartphone platform across the globe, thanks in large part to its decision to start the Android Open Source Project (AOSP) in 2007. Back then, with zero mobile market share, Google packaged mobile services like Search, Gmail, and Maps into an open-source platform that third-party vendors and developers could fork to run on their mobile devices. Originally, AOSP was a defense tactic against an Apple mobile monopoly. Now, AOSP is expanding beyond Google's control. Here's a look at the underlying data from BI Intelligence: In the fourth quarter of 2013, phones...
A new Facebook page supposedly shows the terrible condition of Los Angeles public schools, with photos of malpractices such as broken sinks and ant infestations. The page — called "Repairs Not... IPads" — is a response to a failed plan to give iPads to students in the Los Angeles Unified School District. The billion-dollar program fell victim to student hackers, and is now planned for a 2015 rollout, a year later than expected. According to the anonymous Facebook page administrator, "Repairs Not IPads" was created "for teachers & the community to document neglected school repairs while construction bond $$ is diverted to purchase iPads." Here's one of the worst pictures on the page: Post by Repairs Not IPads. An LAUSD spokesperson gave the following response to Business Insider when asked...
Last night was Jay Leno’s final time hosting “The Tonight Show.” While celebrities and other late-night hosts congratulated Leno on his 22 years on the show and wished him farewell, Conan... O’Brien offered one last jab. “That's right, NBC has the Olympics. It's a big deal. NBC will finally get to show somebody who's okay with passing the torch.” O’Brien briefly took over “The Tonight Show” from Leno in 2009. But when NBC wanted to make a scheduling change to air “Tonight” and O'Brien threatened to leave, Leno returned as host. O'Brien went over to TBS where he's been hosting "Conan" ever since. Watch the clip from "Conan" below. O'Brien makes the comment at the 2:30 mark. SEE ALSO: Billy Crystal, Oprah, and more sing farewell to Jay Leno Join the conversation about...
Air New Zealand has a pretty clever new plan to make you pay attention to its in-flight safety videos. The company has hired models from Sports Illustrated‘s swimsuit issues to make lessons about... emergency exits and oxygen masks a lot more interesting. The airline and SI have released a behind-the-scenes video featuring several swimsuit models dancing on the beaches of the Cook Islands. Even SI swimsuit legend Christie Brinkley makes a cameo appearance from Hollywood. The video is the latest in a string of eye-catching airline videos such as Virgin America’s airline safety musical and Air New Zealand’s own Lord of the Rings parody. The official safety video will be released next week as SI celebrates the 50th anniversary of its swimsuit issue.
One of the lawmakers leading the investigation into New Jersey Gov. Chris Christie (R) told TPM on Thursday he's seen some "interesting things" in the latest round of subpoenaed documents, though he... cautioned they "may or may not mean something." Assemblyman John Wisniewski (D) told TPM that members of the legislative committee investigating the George Washington Bridge scandal were allowed to begin looking at the documents on Thursday, just a few days after the people who were subpoenaed started handing them over. The documents are being kept in a locked room on the third floor of the State House Annex in Trenton, N.J. While many more documents are expected to be turned over soon, lawmakers on the committee have already begun combing through what they have.
In our 24/7 culture, sleep loss is a major problem. Back in 1942, we averaged almost 8 hours of sleep a night — now that's down to 6.8. (Seven to 9 hours per night are what's generally recommended.)... Almost 40% of Americans get less than 7 hours of sleep a night, a recent Gallup poll found, and an estimated 70 million Americans have a sleep disorder. Everyone knows that it's important to get enough sleep — but you may not realize just how many things can go wrong when you don't. Here are 25 unfortunate risks of partial and total sleep deprivation, some more common than others. 1. Irritability "Complaints of irritability and [emotional] volatility following sleepless nights" are common, a team of Israeli researchers observed. They put those complaints to the test by following a group...
Hacking into email and using the information to steal from personal accounts is as great a threat as recent breaches of retailers' customer data.
A federal magistrate in Pennsylvania has recommended against class-action status for a lawsuit filed over spyware installed on computers leased from furniture renter Aaron's Inc.
And so it's over -- Blythe Masters, widely credited as an architect of the notorious credit default swaps that helped fuel the financial crisis, has withdrawn from a Commodity Futures Trading... Commission advisory board, according to the agency.
He may not win a medal, but the most interesting competitor at this year's Winter Olympics in Sochi is Hubertus von Hohenlohe, and he made a grand entrance as the lone representative of Mexico. This... is the sixth Olympic games for the 55-year-old alpine skier, who is also: a German prince a pop singer a professional photographer So much swag: Join the conversation about this story »
Updated: February 7, 2014, 12:44 PM Montana Lt. Gov. John Walsh (D) was appointed by his state's governor to fill out the rest of former Sen. Max Baucus's (D-MT) Senate term.
The Interpreter is a daily-updated online journal from the Institute of Modern Russia that is dedicated primarily to translating media from the Russian press and blogosphere into English. The site is... running a live blog for the Sochi Olympics and have given us permission to republish it. Welcome to The Interpreter's Sochi Olympics Liveblog, day three.
WASHINGTON (AP) -- The Postal Service lost $354 million over the last three months, and officials warned that mounting losses could lead to cash flow problems for the rest of the year, the agency said... Friday.
While Twitter and LinkedIn may not be running quite as fast as Facebook, the recent sell-off may be premature.
A look at what will get you unfriended, unliked, and ignored on social networking sites like Twitter this year. Results are from a survey of 3,000 social networking specialists conducted by marketing... firm SocialToaster in Baltimore, Md.
House Republicans are having a lot of trouble figuring out what to demand from President Obama in exchange for raising the debt ceiling. It's not going to be to repeal Obamacare or the individual... mandate or huge spending cuts. They've learned their lesson from last Fall and want to make a "realistic" demand. But their newest potential plan increases the deficit with a fake spending offset that their Senate colleagues just rejected yesterday. Let me explain. So far, they've considered (and rejected) repealing Obamacare's risk corridors and approving the Keystone XL pipeline. Since Democrats won't vote for anything except a clean debt ceiling increase, the Republican leadership cannot lose many votes no matter what they decide. Neither the risk corridor repeal or approval of the pipeline had...
RBI allows banks to utilize up to 33% of countercyclical provisioning buffer
Welcome to Health Reform Watch, Sarah Kliff's regular look at how the Affordable Care Act is changing the American health-care system -- and being changed by it. You can reach Sarah with questions,... comments and suggestions here. Check back every Monday, Wednesday and Friday afternoon for the latest edition, or sign up here to receive it straight from your inbox. Read previous columns here.
Bob Sutton, who wrote perhaps the only business book with a title a family newspaper cannot reprint, The No A**hole Rule, has gone decidedly more tame with his latest work. Scaling Up Excellence ,... released Feb. 4, is the Stanford professor's look at the challenge of sharing good practices, growing new business lines and scaling the size of a successful startup. Co-authored by Hayagreeva "Huggy" Rao, also a professor at Stanford, the book draws on examples from companies like Facebook and Kaiser Permanente to examine how great organizations spread and scale what really works.
An airliner was forced to land in Turkey on Friday after the pilot signaled a possible hijacking attempt in connection to the Winter Olympics, Turkish media and CNN are reporting.
Turkey's state-run television says the country's authorities have detained a Ukrainian passenger who tried to hijack an Istanbul-bound plane to Sochi, Russia, where the Olympics are kicking off.
Secret is the latest social app to go viral, and it's filled with a boatload of Silicon Valley insights and rumors. The app, which just launched last week, was founded by ex-Googlers David Mark Byttow... and Chrys Bader. The idea behind Secret is to let you share anonymously with your friends. It's kind of like secret-sharing app Whisper, but the difference is that all of the secrets are from your friends, or a friend of a friend. "We like Whisper, but believe it's a fundamentally different product," Byttow tells Business Insider via email. "Whisper starts with strangers, Secret begins with friends. Secret is fundamentally about communication. It enables you to communicate with people you know, or like-minded people, in an honest and authentic way. This is very powerful and can increase...
Billionaire Sam Zell says denigration of 1% must end, "we just work harder." Watch. Notably Zell's recent work has focused on destroying a series of historic news organizations.
U.S. stocks are higher in midday trading after the government reported a decline in the unemployment rate last month.
The spot month contract for light sweet crude was $98.40 per barrel at 12 p.m. Friday on the New York Mercantile Exchange.
Earnings prompted big moves in internet stocks, with shares of Expedia jumping to pole position in the S&P 500 on Friday while Apple Inc. attracted investor attention on a report in The Wall Street... Journal about stock buybacks.
In trading on Friday, grocery & drug stores shares were relative laggards, down on the day by about 1%. Helping drag down the group were shares of Fairway Group Holdings (FWM), down about 28.3% and... shares of The Pantry (PTRY) down about 3.4% on the day.
GoPro becomes the latest company to file for a "secret" I.P.O., joining the ranks cloud storage company Box, which began the process last month, and Twitter.
Next Thursday, fans of midcentury design will storm the desert resort for the annual Modernism Week. Here are the collectibles they'll be buzzing about.
In trading on Friday, biotechnology shares were relative leaders, up on the day by about 3.8%. Leading the group were shares of Cytokinetics (CYTK), up about 32.9% and shares of Sunesis... Pharmaceuticals (SNSS) up about 16.1% on the day.
Apple has repurchased $14 billion of its stock in the two weeks after its first-quarter financial results and second-quarter revenue outlook disappointed investors. Its shares rose almost 2 percent... in...
A weak reading on the labor market was partly attributed to the weather and initial disappointment was replaced with expectations of further economic strength.
U.K. stocks rise for a third straight day after data outline an improvement in the country's exports and U.S. figures show unemployment dropped to its lowest level since 2008.
In trading on Friday, the SPDR S&P Biotech ETF (XBI) is outperforming other ETFs, up about 5.8% on the day. Components of that ETF showing particular strength include shares of Galena Biopharma... (GALE), up about 16.1% and shares of Puma Biotechnology (PBYI), up about 14.7% on the day.
We're looking for a VP Finance to support our executive team with financial reporting, budgeting, forecasting, and analysis. You will manage a team and will be expected to streamline finance... operations to ensure sustained growth, including helping to set up our international operations. This is a new position at the company and we're looking for someone with strong initiative and can-do attitude. The essence of this role is owning the finance and accounting function at Business Insider. This entails reporting, metrics, analytical models, forecasts, budgets, audits, and 409a. You'll oversee AP, AR, and P&L functions and will sign off on the month-end close and manage the cap table. You will maintain strong internal financial controls and handle corporate finance activities such as debt and...
There was no cake, wedding dress, flower girl or ring bearer.
Another billionaire is out to put an end to the unjust persecution of the one percent.
Good news, all you talented office comics. New research out of the London Business School confirms what you've likely thought: When you tell very funny jokes, your staff thinks more of highly of you,... and employees are motivated to work harder. They also feel they have a brighter future in the comp
The sharp decline in the jobless rate should have the central bank thinking of rate hikes at the end of this year, not 2015 as they currently project.
Massachusetts announced the biggest "social impact bond" in the U.S. with the goal of reducing stubborn recidivism among ex-offenders.
Perhaps a bottle of rose (Champagne) instead.
Bank of America sent a San Francisco woman an expletive-laced credit card offer that referred to her as a "sl*t." The envelope was addressed to "Lisa Is A Sl*t McIntire" and inside, the letter read,... "Lisa Is A Sl*t McIntire, you've earned this special offer." It went on to offer her a Visa Cash Rewards credit card. Here's a photo of the envelope: Hi @BofA_Help. I just received a credit card offer from you that addressed me as “Lisa Is A Slut McIntire.” pic.twitter.com/7OeNZSlNhX — Lisa McIntire (@LisaMcIntire) February 6, 2014 The letter was sent to McIntire's mother's house. Upon receiving it, her mother texted her this: Um. pic.twitter.com/koYjGsoF1m — Lisa McIntire (@LisaMcIntire) February 6, 2014 “[The letter] initially made me nervous because I’m a feminist writer on the...
The digital coupon tool SavingStar is offering another Friday freebie this week -- this time for a free one-pound box of Arm & Hammer baking soda.
The NSA phone-data program has been described by lawmakers as collecting records on virtually every phone call placed in the U.S.
A company that makes fruit snack pouches plans to open a plant in Nampa in southwest Idaho and bring at least 237 new jobs.
With today’s lackluster jobs report, the Labor Department is now estimating that the economy added an average of 94,000 jobs per month in December and January, which is barely enough to keep up with... population growth. Combine that with recent data showing weak auto sales, construction and manufacturing activity, and there’s plenty of evidence that we have a slowing economy on our hands. So should we be worried? Probably not just yet. Economists are quick to warn against drawing any hard conclusion from any one or two data points–it’s the long-term trends are the real gauge of the economy’s health. Furthermore, there is reason to believe that the inclement weather plaguing much of the country this winter has put a damper on economic activity, an effect that will be reversed as...
You want to buy a business. Great. The first thing you need to do is stimulate deal flow. It’s a three-step process: Meet with credible corporate finance teams and business brokers to help guide you... through the process. If you don’t know any, query your network for recommendations. If there are specific targets you want to solicit, it's best to use a third party to initiate contact. Follow up on leads. There are often more buyers than sellers. If you have come across targets in the past who have expressed an interest in selling, have your advisers check back with them. When talking to players in the sector you want to buy into, let them know your growth strategy involves acquisitions.
Steps from the Barclays Center, Diamante's Brooklyn Cigar Lounge is an old school, late-night hot spot for Brooklyn Nets players run by the 'man with the golden voice' and the arena's announcer,... David Diamante. He gave us some tips for channeling your inner Bogart while lighting up a stogie. Produced by Alana Kakoyiannis. Additional camera by Graham Flanagan. Keep up with BI Video on Facebook and YouTube NOW WATCH: 4 Essential Suits Every Man Needs In His Closet Follow BI Video: On Twitter Join the conversation about this story »
The 2014 Winter Olympics got off to an impressive start on Friday in Sochi, Russia until an Olympic ring failed to open due to a malfunction.
It was the summer of 1966. For the first time, U.S. military planes bomb the North Vietnam capital of Hanoi. Ted Williams would be inducted into the Baseball Hall of Fame. On the radio, the Mamas and... the Papas' "Monday, Monday" seemed to be an hourly anthem.
President Barack Obama is scheduled to have lunch with Detroit Mayor Mike Duggan as part of a three-hour visit to Michigan.
Yemeni officials say armed tribesmen have killed four soldiers protecting an oil pipeline, in another blow to one of the country's last sources of revenue.
The athlete, the mystery writer, the investor. Who drove what? We asked seven prominent Chicagoans about their first rides.
New IG Report shows Medicare is dramatically over-paying for penis pumps.
SANAA, Yemen (AP) -- Yemeni officials say armed tribesmen have killed four soldiers protecting an oil pipeline, in another blow to one of the country's last sources of revenue.
The Snowden leaks are causing further consternation as debates about whether Snowden managed to do anything useful continue. Going against the general perception of the American people, security... experts overwhelmingly believe that Snowden's leaks were not worth it. Out of a survey of 100 experts, 80% of those interviewed by the National Journal believe that Snowden's revelations did little to benefit the country, and instead caused massive harm. Sara Sorcher, reporting for the National Journal, writes: Even though public polls show Americans are increasingly concerned about their privacy—and oppose the agency's once-secret collection of telephone and Internet metadata—Director of National Intelligence James Clapper said the revelations from the former NSA contractor caused "massive"...
The son of legendary late musician Bob Marley started a coffee company in 2009 with only 52 acres of farmland in Jamaica and a stern warning to his farmers against using pesticides. "I said to them,... 'If you use any chemicals on this property, I will come and cut every tree down and you won't have a farm,'" Rohan Marley, the founder and chairman of Marley Coffee, told Business Insider in an interview. Today, Marley Coffee is sold in thousands of stores worldwide. In North America, its biggest market, more than 8,800 stores will sell Marley Coffee this year, up from 300 stores a year ago, according to CEO Brent Toevs. The company is still small, however, with revenue of just $4.6 million in the nine months ending Oct. 31, 2013. That's up from $1.4 million during the same period a year...
Investors considering a purchase of EPAM Systems (NYSE: EPAM) shares, but tentative about paying the going market price of $42.27/share, might benefit from considering selling puts among the... alternative strategies at their disposal. One interesting put contract in particular, is the July put at the $35 strike, which has a bid at the time of this writing of $1.45. Collecting that bid as the premium represents a 4.1% return against the $35 commitment, or a 9.3% annualized rate of return (at Stock Options Channel we call this the YieldBoost).
Investors eyeing a purchase of Cambrex Corp (NYSE: CBM) stock, but tentative about paying the going market price of $21.17/share, might benefit from considering selling puts among the alternative... strategies at their disposal. One interesting put contract in particular, is the July put at the $15 strike, which has a bid at the time of this writing of 60 cents. Collecting that bid as the premium represents a 4% return against the $15 commitment, or a 9% annualized rate of return (at Stock Options Channel we call this the YieldBoost).
During his Jan. 17 speech on National Security Agency (NSA) surveillance, President Obama proposed a number of changes to the agency's bulk domestic phone records program. Thursday, the administration... announced that the Foreign Intelligence Surveillance Court (FISC) approved a motion to start implementing some of those changes.
The Olympic Opening Ceremony has begun and we've already seen one malfunction. All of these snowflakes were supposed to turn into the Olympic Rings and one of them stayed a snowflake: Here's how it... all went down. The five rings started as little snowflakes: And they were all supposed to start to expand, but one was a dud: The final product, ouch: Here's a GIF of the fail: SEE ALSO: Live: The Olympic Opening Ceremony! SEE ALSO: Here Are The Gold Medal Favorites In Every Single Olympic Event Join the conversation about this story »
Down January...what does that mean for the market?
WhatsApp is becoming very popular among Orthodox Jewish families, according to The Forward, the Jewish newspaper. In 2012, a group of rabbis held a rally in Citi Field to condemn "unfettered internet... use" according to The New York Times. The leaders suggested members of the community use filters to protect themselves from inappropriate content. This has caused Ultra Orthodox Jewish families to flock to WhatsApp since social networks like Facebook are frowned upon. WhatsApp is a messaging app that is used by 430 million people to send messages, videos and other content to users in their network. Forward mentions these families use WhatsApp since it's a closed-off social network that won't expose them to anything online. One feature of the app that's particularly popular is the group...
Russia is sometimes portrayed as a haven for hackers. So with tens of thousands of people descending on Sochi for the Olympic Games, NBC reporter Richard Engel set out to prove just how scary Russia... is when it comes to IT security.
Beijing's pledge to carry out land law reforms and expand peasant rights, while well-intentioned, may actually exacerbate and bring to a fever pitch ongoing land disputes across China.
January's jobs report showed another miss and barely any revision to December's alarmingly weak payrolls, raising questions about the U.S. Federal Reserve's next move.
Five years into the recovery after the financial crisis, the world's most diverse and technologically-advanced economy still is not creating the amount of jobs that U.S. policy makers seek. The U.S.... econony added only 113,000 jobs in January - a sub-par job growth rate that may prompt the U.S. Federal Reserve to re-evaluate its stimulus reduction timetable. Meanwhile, the unemployment rate dipped to 6.6 percent from 6.7 percent. Economists surveyed by Bloomberg News had expected the economy to create 181,000 jobs in January.
One in three child crash fatalities are caused by side-impact collisions, yet car seat manufacturers never have been required to simulate a "T-bone" scenario — until now.
WASHINGTON (AP) -- "Do you guys have health insurance?" David Bransfield asks each time a group of college students passes by.
Grain futures were mixed Friday in early trading on the Chicago Board of Trade.
Lord Grantham may think he can take arms against the slings and arrows of 1920s Britain that threaten Downton Abbey and its outrageous fortune, but he faces a mighty adversary: the immutable laws of... economics. ¶ When Mrs. Patmore tussles with the new mixer, or Grantham frets over "death taxes," or "poor Molesley" loses his post and resorts to patching up the pavement, Downton Abbey is paying homage to economic forces that transcend early 20th century Britain and apply just as neatly to the 21st century world. ¶ Downton's soap opera characters are wrestling not only with their emotions, but also with basic Downtonomics: the threat and promise of technological change, burden of inheritance taxes, foreign investment, danger of speculation, need for retirement planning, virtue of investing...
New official reports reveal that former Wyoming Senate candidate Liz Cheney (R) dramatically oversold how much money she raised during her insurgent primary challenge against Sen. Mike Enzi (R-WY).
CHICAGO (AP) -- Grain futures were mixed Friday in early trading on the Chicago Board of Trade.
Linear Retail Properties LLC, a Burlington-based firm that buys, owns, develops, and operates retail properties throughout New England, said that Peet's Coffee & Tea has signed a lease for a coffee... shop at the corner of Charles and Mount Vernon streets in Boston's Beacon Hill neighborhood. In some highly caffeinated circles, Peet's is regarded as the gold standard of California joe. And Peet's could become the Beacon Hill place to go for the Blended Freddo. The lease is for 1,842 square feet of space at 62 Charles St., Linear Retail Properties said; the address was previously the site of the Charles Street Market. According to Peet's website, there are about a half a dozen Peet's stores in Massachusetts, including ones at Harvard Square, Brookline, and Newton Centre.
Team USA may not be getting its Chobani Greek yogurt any time soon as a shipment containing 5,000 cups of the protein-packed snack is snagged in a trade dispute between U.S. and Russian authorities....
Quick quiz: What's more vulnerable to theft? Credit/debit cards or health records?
In an epidemic that so far shows no signs of abating, crooks have submitted billions of dollars in fraudulent refund claims to the Internal Revenue Service using the stolen names and Social Security... numbers of more than a million real people. Those whose identities are hijacked must often spend months dancing with the IRS and waiting for their refunds. Based on recent court cases, here are 10 ways you can become a victim---without doing anything careless like answering a phishing email. By Janet Novack
The fast food business is in a funk. “Casual dining” sit-down restaurant chains are down in the dumps. But the folks who used to frequent these establishments aren’t necessarily eating out less.... Instead, the numbers indicate they’re heading to Chipotle, Panera Bread, and other hot “fast casual” contenders. According to a new study from the NPD Group, there’s only one restaurant category that’s faring well of late, and it’s not the category that includes industry giants like McDonald’s (quick service) or Red Lobster (casual dining). For several years running, the fast casual restaurant segment’s growth has been blowing away the field, and last year was no exception. In the fiscal year ending in November 2013, diner visits to fast casual restaurants were up 8%, compared...
A growing number of wealthy investors from Latin America have been instrumental in Miami's ongoing rebound from the real estate collapse.
Americans will soon bid farewell to a very familiar practice: You'll no longer swipe and sign a credit card by the fall of next year.
The National Security Agency is collecting less than 30 percent of all Americans' call records because of an inability to keep pace with the explosion in cellphone use, according to current and former... U.S. officials.
If breaches are nearly inevitable for now, what are your odds of being swept up in all this, and how do you reduce them?
The unrealized marketing advantage of audio.
Here's how mobile apps and other new tech twists will make your restaurant dining experience easier, faster, and more fun this year.
Which familiar American brands have made themselves a known name the world over? Here are the top 10 big fast-food brands with the most international units. Data provided by QSR magazine.
The losing firm in the battle for a $2.68 billion state contract to operate the Massachusetts commuter rail system said it plans to appeal the decision.
German prosecutors say three suspects in a global cyber-bank heist that netted some $45 million have been arrested in the Netherlands.
BERLIN (AP) -- German prosecutors say three suspects in a global cyber-bank heist that netted some $45 million have been arrested in the Netherlands.
The Postal Service says it lost $334 million over the last three months and that mounting losses could lead to cash flow problems for the rest of the year.
During the worst part of the credit crisis, women had more paid jobs than men for the first time, the Labor Department now says.
Democrats were hoping for a good half dozen Todd Akin's to be running for Senate this year. They did. And they're all in Georgia.
The Postal Service lost $354 million over the last three months, and officials warned that mounting losses could lead to cash flow problems for the rest of the year, the…
The Wisconsin Supreme Court has ruled against State Farm Insurance Co. in a case that deals with tapping uninsured motorists coverage on up to three vehicles to collect more in claims.
Airline passengers complain dramatically more about large airlines than they do about discounters, even when the actual quality of the carriers' performance is similar, according to a new paper that... examined traveler complaints to the federal government over a decade.
Former Rep. Bob Barr (R-GA), who led the charge to impeach former President Bill Clinton, told NBC's Chuck Todd on Friday that he also wasn't joking around about wanting to impeach President Barack... Obama.
The current generation of 25 to 36 years olds, the traditional age group for first time buyers in the UK, are split into property haves and property have nots, according to a new report. These young... adults can expect their current circumstances to have a significant effect on their future property purchases and those of their children, according to a report from HSBC. Property haves, those on the housing ladder already, are likely to follow a relatively conventional path through the housing market. The average age of a first time buyer is currently 29, just one year older than it was 30 years ago, the report reveals. The process of saving up to buy a property took them on average around two years and eight months, two months less than they expected. However, 64% had help from their parents...
"More than anything else, what differentiates people who live up to their potential from those who don't is a willingness to look at themselves and others objectively." -- Ray Dalio, Bridgewater Once... again, it is the time of year where I look back at the various investing, trading and other mistakes I've made. (Last year's version is here; prior years can be found here).
Chief Executive Tim Cook said Apple Inc. repurchased $14 billion of its stock over the last two weeks after a weak outlook caused its share price to plunge.
The price of oil edged to above $98 a barrel Friday after the U.S. unemployment rate fell to 6.6.percent even as U.S. payrolls rose less than expected.
WASHINGTON -- As the U.S. hit its debt limit on Friday, a leading business group urged Congress to act quickly to raise it to avoid damaging the economy.
If President Obama is a socialist dictator like some say he is, then he's doing it wrong: The government sector has slashed jobs steadily since the recession, shrinking government payrolls to their... lowest level in eight years. At this rate, there won't be enough people to run the FEMA camps. The January jobs report was a mix of disappointment and hope, with just 113,000 new payroll jobs added, but the unemployment rate falling to 6.6 percent from 6.7 percent. The report was made slightly lousier by the government sector, which cut 12,000 workers from its payrolls last month. That's not a lot of jobs, but they add up over time. As you can see from the chart below, with the exception of a hiring spike during the 2010 census, federal, state and local governments have been cutting payrolls...
The last time new industrial orders slowed as much as they did in January, the country was on the verge of a double-dip recession. But the recent figures may not portend any such downturn.
If you’ve ever wasted time comparing overpriced tickets to a show, look no further. Rukkus aggregates tickets from over 100 sources of sale and sorts them to present you with the best deal, showing... stadium layout for arena shows to easily visualize your seat. With 20 million tickets in their inventory, this New York startup has got date night covered. And since launching in November, the company has expanded to offer more than just music.
TOKYO (AP) -- When top Western leaders decided to stay away from Russian President Vladimir Putin's Winter Olympics, he wasn't exactly left friendless: he has the heads of leading Asian nations and... others to help show the world that not everyone is put off by his human rights record and the anti-gay law he championed.
The U.S. stock market moved higher in morning trading Friday after the government reported a decline in the unemployment rate last month. Several companies including Expedia rose sharply after... reporting earnings gains. The market had its best day of the year the day before, but is still flat for the week.
Republicans are already getting ready to quietly put down immigration reform. How can we tell? Sahil Kapur reports that Speaker Boehner is preemptively blaming Obama: "Listen, there's widespread doubt... about whether this administration can be trusted to enforce our laws."
This week, President Obama announced the latest in his plan to bring high-speed Internet to 99 percent of the nation's schools. The Federal Communications Commission said it would increase investments... in educational broadband by $1 billion a year, effectively doubling what it spends now. And on Tuesday, three of the nation's biggest telecom companies -- Verizon, Sprint and AT&T -- each announced a $100 million commitment to provide free wireless data or other in-kind donations for up to four years.
Weather was the popular explanation for why the economy added a paltry 74,000 jobs in December when the average pace of hiring over the previous few months was been nearly twice that. And after the... Labor Department reported lackluster jobs numbers for January this morning 113,000 net positions some prognosticators are sure to start invoking the polar vortex or the two inches of snow in Atlanta to explain it all away.
Ray Bellamy, a doctor based in Florida, decided that he wanted to make a donation in a local congressional race. He began by Googling the Democratic candidate's name, "Alex Sink." He then clicked on... one of the first results that popped up. A page loaded that that had the candidate’s typical designs, color schemes, and even a large photo of her talking to constituents. Not thinking anything of it he entered his financial information and hit submit. What he didn’t notice was the small print at the bottom of the screen.
Today, for the fourth time in three years, the nation will hit the federal debt limit, launching a mad rush to raise the legal cap on borrowing or risk an unprecedented default. The Treasury... Department now will deploy "extraordinary measures" -- effectively, accounting techniques -- to buy time before the government is at risk of running out of cash to meet all of daily obligations. The Treasury says it can't promise to meet all obligations past late February, and as shown in this chart, based on data from Nancy Vanden Houten of Stone & McCarthy Research Associates, the administration definitely won't be able to make it past the first two weeks of March. (See the next chart for why even that isn't assured.)
Today's hardest problems require a new approach to crunching huge quantities of data. And a Waltham, Mass.-based startup, Paradigm4, has figured out a better way to solve them and 2,500 big... organizations -- including life sciences companies, the NIH, medical care providers, and insurance companies -- are taking advantage of its solution.
By Leonard Sommer
Bitcoin prices plummeted late Thursday and early Friday morning after one of the crypto-currency's biggest exchanges halted trading. The price of Bitcoin fell from a high of $827 this week to $619... last night, shaving off 25 percent of its value before ticking back above $700 on Friday morning. Mt. Gox, one of the largest and best known online markets for Bitcoins, said it was encountering technical problems when people tried to withdraw bitcoins. "In order for our team to resolve the withdrawal issue it is necessary for a temporarily [sic] pause on all withdrawal requests to obtain a clear technical view of the current processes," read a statement on the Japan-based exchange's website posted Friday. Naturally, Bitcoin traders freaked out. Bitcoin dove 25 percent overnight from Thursday to...
David Axelrod is not quite ready for Hillary.
We haven't focused much on this. But the White House stood down and forced AIPAC to cave in its efforts to torpedo the White House's Iran nuclear diplomacy. That happens very rarely. (AIPAC is going... back to the well and pouring money now into pushing the Senate into Republican hands next year.) Nobody has ever won anything betting on success from any sort of Israel-Palestine peace-making efforts. A bit of an exaggeration but barely.
One of the most talked-about ads during the Super Bowl was a seemingly innocuous commercial for Coca-Cola, in which American immigrants sang "America the Beautiful" in their native tongue. And by... "talked about," we mean that the ad was pounced on by conservatives who believe the commercial was somehow un-American. Jon Stewart devoted a segment on Thursday's "Daily Show" to how disappointed he was disappointed in the reaction. "Really, people? This is the Super Bowl ad you're going to get upset about?" he asked. "When you had an ad celebrating the unnatural love between a dog and a horse?" He pointed to several people on Twitter, and even sympathetic news anchors, who took issue with the ad's message of unity. Stewart found one Twitter user particularly amusing, who claimed that the...
Move gives more leeway to medium-sized micro lenders to price their loans based on their cost borrowings
House Budget Committee Chairman Paul Ryan's claim that health reform creates a "poverty trap" that discourages poor families from working has it backwards, as my colleague Jared Bernstein notes.... Chairman Ryan's proposals to repeal health reform and block-grant Medicaid would more likely increase work disincentives, particularly among poor parents with serious medical conditions and other ongoing health care needs. To see why, let's consider a hypothetical Jane -- a very poor working parent with two children and with income of 60 percent of the poverty line (about $11,875). If Jane lives in a state taking up health reform's Medicaid expansion, she can significantly expand her hours or take a much higher-paying job, earning up to $27,310, and still retain Medicaid. Even if her income rises...
In the midst of last week’s emerging markets turbulence, a fairly momentous event passed almost unnoticed. The European Union (EU) published its proposal for structural reform of European banks.
The first Friday of each month just keeps getting weirder.
It's about time, Facebook. With Paper , the social network has undergone a Cinderella transformation that finally gives users an app they can enjoy looking at as much as they enjoy using. The mobile... app comes as Facebook celebrates its 10th birthday, a milestone of impressive bragging rights. With 1.2 billion users, it's practically the monopoly communications platform for the global Internet -- Ma Bell for the broadband age. It hushed skeptics last week by proving it's building a gargantuan advertising business for smartphones, too.
LAS VEGAS -- Countertops that charge smartphones, lighted toilet seats and beverage chillers that can be illuminated with favorite school or team colors were among some of the new and possibly useful... things under the Las Vegas sun this week at the combined International Builders and Kitchen & Bath Industry shows.
Wall Street is high on DaVita, expecting it to report earnings that are up 17% from a year ago when it reports its fourth-quarter earnings on Tuesday, February 11, 2014. The consensus estimate is 98... cents per share, up from earnings of 84 cents per share a year ago.For the
Analysts have become increasingly bullish on PG&E in the month leading up to the company's fourth-quarter earnings announcement scheduled for Tuesday, February 11, 2014. The consensus earnings per... share estimate has moved up from 37 cents a share to the current expectation of earnings of 40 cents a share.Over the
The Georgia Republican primary for an open Senate seat is perhaps best summed up by a Democratic operative in Daniel Strauss' story today: "shitshow."
Northbrook-based Atlas believes Chicago Spire, designed to be the largest building in the Western Hemisphere, can be builtThe Irish developer behind the Chicago Spire said it has found an investor to... pay its creditors, allowing it to emerge from bankruptcy and restart work on the long-stalled residential project.
SOCHI, Russia (AP) -- The sun's out. The athletes are ready. Let's get this show started.
Apple has repurchased $14 billion worth of its stock after reporting disappointing fourth-quarter earnings two weeks ago, CEO Tim Cook said in a new interview. Cook told the Wall Street Journal that... Apple was “surprised” by the eight-percent drop in its share price late last month, after a weak revenue outlook and lower-than-expected iPhone sales during the holidays led to its sluggish earnings. Since then, Apple bought $12 billion worth of shares through an “accelerated” repurchase program and another $2 billion in shares from the open market, Cook said. Shares were up about one percent in early trading on Friday. Apple has bought back more than $40 billion of its shares in the past year, Cook told the Journal, calling it a record for any company over any similar time period....
Carnival Cruise Line is launching a new campaign created by Boston ad agency Arnold Worldwide that seeks to leverage Carnival's status as the national exclusive cruise line advertiser for NBC's... broadcast of the Winter Olympics. The "Bobslide" TV spot "follows four young, thrill-seeking cruisers who race together down one of Carnival's popular waterslides (they just met on the cruise)," an Arnold media advisory notes. "As the children stride across the deck in slow motion, a sportscaster voice over calls the action saying, 'Here's the crew to beat today: Carnival-1. Hard to believe they just met yesterday.' Donning goggles and bathing suits, the four-kid team twists and turns through the giant slide, reaching the finish line with big smiles, arms raised and a gigantic splash...."
AOL CEO Tim Armstrong is getting no "benefit" of the doubt after telling staffers Thursday that the company paid nearly $1 million each to care for two staffers' "distressed babies"...
Former Florida Gov. Charlie Crist argued the decision by Florida Gov. Rick Scott (R) and his fellow Republicans in the state to not expand Medicaid is the ongoing source of many deaths in Florida.
PAPER New Facebook app refreshes news feed Facebook celebrated its 10th anniversary last week and, to mark the milestone, also released this app. Not to be confused with the iPad drawing app by... FiftyThree, also called Paper, Facebook's iPhone app is a reimagining of the news feed. Its clean design showcases interesting stories from your friends and also lets you add in featured stories on topics of interest. Food buffs, for example, can add stories from the "Flavor" section. Sports fans can get updates from journalists and athletes in the "Score" category. It's not an app for catching up on general news, but certainly one that will keep you updated on your friends.
(NEW YORK) -- The U.S. stock market is moving higher in early trading after the government reported a decline in the unemployment rate last month. Earnings gains from several U.S. companies including... Expedia also drove the market higher early Friday. The market had its best day of the year the day before. The Dow Jones industrial average rose 75 points, or 0.5 percent, to 15,700 shortly after trading began. The Standard & Poor’s 500 index rose 12 points, or 0.7 percent, to 1,786. Industrial and banking stocks led the index higher. The Nasdaq composite rose 38 points, or 1 percent, to 4,096. More people began looking for work in January, and many of them found jobs. That sent the unemployment rate down to 6.6 percent, the lowest since October 2008.
PITTSBURGH (AP) -- Minneapolis-based Target isn't commenting on reports that a Pittsburgh-area heating and refrigeration company is being investigated as the possible portal through which computer... hackers stole credit card numbers from 40 million of the store's customers.
Shares of Argos Therapeutics will begin trading on Nasdaq Friday, but the drug-development company had to accept a significantly lower price for its stock in order to complete its initial…
It's not surprising that, for the most part, lawyers aren't very active on social media. But there's no reason for that. After all, each attorney has their own opinions and ideals that set them apart.... And whether they're sole practitioners, hold an in-house position or work at a law firm, it's important for each to establish their own professional brand. Social media is the ideal way to let colleagues and potential clients or employers know exactly who you are and what you bring to the table. There's no reason to be intimidated -- there's not one right way to do social media. There are, however, best practices. These six suggestions are most useful to achieving a successful and productive presence on social media. 1) Separate personal and professional Consider having two separate Facebook...
NEW YORK (AP) -- The U.S. stock market is moving higher in early trading after the government reported a decline in the unemployment rate last month.
Investors focus on further dip in the US unemployment rate; emerging market battered currencies bounce back
The two surveys in the monthly unemployment report offered different pictures for January, and one-time factors further clouded any conclusions.
The job market proved lackluster once again in January, with the economy adding 113,000 new jobs, according to government data released Friday morning, raising new questions about the strength of the... recovery.
WASHINGTON (AP) -- Hiring was surprisingly weak in January for a second straight month, likely renewing concern that the U.S. economy might be slowing after a strong finish last year.
The U.S. stock market is poised to open higher Friday, extending its best day of the year as a widely anticipated employment report showed the U.S. unemployment rate declined last month. The report... also showed the economy added fewer jobs than expected jobs in January.
Sebi aims to enhance transparency, improve risk management and curb the risks of manipulations of investor accounts in dematerialized form
The big idea: Southern Bancorp, a community development financial institution based in Arkadelphia, Ark., serves distressed rural markets that see growing demand for small, unsecured lines of consumer... credit. Those markets attract payday lenders, whose same-day loans carry triple-digit interest rates and can trap vulnerable borrowers in a cycle of debt. Southern is testing affordable consumer credit products and ways to educate low- and moderate-income individuals about managing debt and protecting their finances.
The nation's payrolls grew by 113,000 last month, once again dashing analysts' expectations for a stronger month of job growth and reinforcing the possibility of yet another slowdown in job creation.... A closely watched piece of this puzzle was the revision to December's surprisingly low payroll number -- originally 74,000. But today's revision left that paltry number essentially unchanged, at 75,000. November's payroll gain, on the other hand, was raised by 33,000 to 274,000, bringing the average gain over the past three months to about 150,000 compared to about 200,000 per month over the prior three months. Last month, I stressed that one month does not a trend make. Today, I'll stress that two months does not quite a trend make either, but the possibility that the US job creation engine...
The real estate landscape is changing as we enter 2014. Positive economic data across geographic regions have persuaded markets that a global economic recovery is taking hold. The Federal Reserve... endorsed this view in December, and began to taper its bond-buying program in January. Markets rallied...
VATICAN CITY (AP) -- The Vatican struck back Friday at a U.N. human rights committee that issued a scathing report on sex abuse by priests, accusing it of straying beyond its mandate and discrediting... the U.N. as a whole by adopting the "prejudiced" positions of anti-Catholic advocacy groups.
The American Israel Public Affairs Committee backed off its push for a swift vote on new Iran sanctions in a statement Thursday evening, providing a boost for the Obama administration's efforts to... strike a nuclear deal with Iran. "[T]hat there should not be a vote at this time on the measure," said the lobbying group. The statement was first reported by The Hill. It came after Sen. Bob Menendez (D-NJ), the author of the sanctions bill, signaled on the Senate floor that it should move forward when there is bipartisan unity. Read the full statement below:
Is it truly the "anti-Walmart?" Often much less maligned than its retail warehouse counterparts, Costco has developed a sort of cult following among thrifty shoppers and supporters of workers' rights... alike. But if you're one of these wholesale superfans, how much do you truly know about the company? You may have heard that the first Costco warehouse opened in Seattle and that their Kirkland brand was originally supposed to be "Seattle Signature." Perhaps you're also aware that the company spends no money on advertisements, instead hoping programs like their "treasure hunts," which feature steep but limited-time discounts on luxury -- and occasionally outlandish -- items, will keep customers coming back. But if you're a true die-hard fan of the shopping mecca, you'll need to
As comebacks go, this one was a couple of days in the making.
Property transactions in Greece are now taxable at 3%, under the new law which came into effect this January. This is a huge reduction from the 8% on the first €20,000 of the property’s value and... 10% for amounts beyond the first €20,000 under the previous tax regime. Where...
As comebacks go, this one was a couple of days in the making.
Nichole Perkins writes about the much-discussed Spike Jonez movie "Her" and how it's really an updated "My Fair Lady": "When the woman, or rather the operating system, who only metaphorically 'comes... to life' this time continues to develop, it's clear that her advancement is unwelcome."
When Igor Sechin was working as President Vladimir Putin's deputy chief of staff a decade ago, visitors to his Kremlin office noticed an unusual collection on the bookshelves: row after row of bound... volumes containing minutes of Communist Party congresses.
The U.S. economy created a disappointing 113,000 new jobs in January, the Labor Department reported Friday. Analysts expected nonfarm payrolls to increase by 185,000 jobs last month.
(Kitco News) - U.S. gold futures spurted higher but only briefly, remaining range-bound overall so far on Friday after a report showing that growth in U.S. nonfarm payrolls was weaker than expected in... January.
(Kitco News) - Gold prices are modestly higher in early U.S. trading Friday, following a significantly weaker-than-expected U.S. employment report. Initial gains in gold, in the wake of the bullish... report, have faded as the rival asset U.S. stock indexes have rallied on ideas the Federal Reserve now cannot be as aggressive in its so-called tapering program. April gold was last up $2.50 at $1,259.60 an ounce. Spot gold was last quoted up $1.10 at $1259.50. March Comex silver last traded down $0.093 at $19.83 an ounce.
Gross bridging lending in the UK totalled £2 billion in the 12 months to the beginning of January, up 3.3% from the annual figure in November 2013, and setting a lending record for the industry. This... brings annual growth in gross bridging lending to 27%, up from £1.57 billion in gross bridging lending in 2012. If lending continues at this rate for a year, gross lending in the next 12 months would be £2.51 billion per year. ‘Economic progress feels more solid by the week, and it’s branching out across every area of business. By securing vital projects against property, firms and individuals stand to make the most from a year of great opportunity,’ said Duncan Kreeger of West One Loans. ‘Bridging has grown up from the industry it once was, and it’s still evolving in 2014....
The FPO for a 10% stake sale in the state-run company is scheduled to close on Monday.
The nation continues to be battered with a relentless succession of snow storms and deep freezes. But while many Americans are crying uncle, those in some industries are shouting "encore!"
ABC News' Cecilia Vega and Matt Knox report: Coca-Cola drew lots of negative reaction when it aired its multilingual "America the Beautiful" ad during the Super Bowl, but the company is defending its... commercial and plans to release an even longer version of it during...
The value of the digital currency Bitcoin fell dramatically on Friday after one of the world's largest Bitcoin exchanges halted withdrawals to deal with technical issues. Mt. Gox, a Japan-based... exchange, said on its website that the pause in withdrawals was needed to address technical problems caused by an increase in withdrawal requests. Bitcoin prices plummeted from $831 on Thursday to $658 on Bitcoin prices fell from $831 on Thursday night to $658 on Friday morning, before rebounding to $719, CNN reports. The price of the virtual currency has been extremely volatile in recent months.
U.S. futures were green ahead of the U.S. jobs report with Dow futures up by 49 points. After the ugly U.S. jobs report came out, they tanked sending Dow futures in the red by around 28 points. And... now they're up 53 points a few minutes ahead of the U.S. trading session. S&P 500 futures are up 9 points. Nasdaq futures are up 22 points. The U.S. economy added just 113,000 jobs in January. Economists were looking for 180,000. The unemployment rate fell to 6.6%. Ahead of the report, S&P 500 futures were up 7.1 points, and Nasdaq futures were up 19.5 points. Join the conversation about this story »
Treasury prices spike, then quickly pare gains, after the second soft jobs report in a row stokes fears about a slowdown in economic growth.
MassHousing, the quasi-public agency that provides financing for affordable housing in the Commonwealth, said that it has closed $11.8 million in loans for the acquisition and adaptive reuse of the... historic Sitkowski School in Webster into 66 affordable apartments for people age 55 and older. The Sitkowski School Apartments is being developed by Neighborhood Of Affordable Housing of East Boston. Built in the early 1900s, the brick building is located in downtown Webster adjacent to the Webster Town Hall and Webster Public Library. The building served as both a high school and middle school and has been vacant since 2005. The rehabilitation of the Sitkowski School is part of a larger master plan advanced by the Webster Redevelopment Authority to revitalize downtown Webster.
Hiring was surprisingly weak in January for the second straight month, likely renewing concern that the US economy might be slowing after a strong finish last year. The Labor Department...
WASHINGTON (AP) -- Hiring was surprisingly weak in January for the second straight month, likely renewing concern that the U.S. economy might be slowing after a strong finish last year.
Vice President Joe Biden said in an interview with CNN's Kate Bolduan that he can't formulate a "good" reason not to run for president in 2016. "There may be reasons I don't run, but there's no... obvious reason for me why I think I should not run," Biden said in the interview, which aired Friday morning on CNN's "New Day." Biden said, realistically, that a decision on his potential 2016 run would come next summer. One reason he might not run is the sizable polling gulf already between him and Democrats' most logical candidate — former Secretary of State Hillary Clinton. According to a Washington Post/ABC News poll out last week, Clinton holds a 73-12 lead over Biden in a theoretical 2016 Democratic primary. Biden will also be 74 in 2016. Biden said that he was "truly optimistic" about...
Roundup of comments to Friday's Labor Department report showing the U.S. economy added 113,000 jobs in January, the unemployment rate fell to 6.6% and the U-6 jobless rate also fell.
It's the single most important skill a leader needs.
The U.S. added 113,000 jobs in January and the unemployment rate fell again to a new post-recession low, but the pace of hiring appears to have slowed over the past few months, according to government... figures released Friday. The nation's unemployment rate dropped to 6.6% from 6.7%.
NEW YORK (AP) -- Apple has reportedly repurchased $14 billion of its stock in the two weeks after its first-quarter financial results and second-quarter revenue outlook disappointed investors....
The U.S. hit 65.2% smartphone penetration in December and added 30 million new smartphone users during 2013 to reach about 156 million smartphone users by the end of the fourth quarter, according to... comScore. That's up from 28 million new users added in 2012. The number of new users added in a year through the end of each quarter, compared to that same time period one year earlier, has been up and down over the past several quarters, but has not been able to match the peak of 35 million yearly net adds, which was reached at the end of the fourth quarter of 2011. The "late majority" of smartphone adopters are now dictating the pace of the market, as we're already well past the halfway point of adoption, with 65% of mobile subscribers aged 13 and above already using a smartphone. That's...
Despite an expected dip in profit, analysts are generally optimistic about Barclays as it prepares to reports its fourth-quarter earnings on Tuesday, February 11, 2014. The consensus earnings per... share estimate is 22 cents per share.The consensus estimate hasn't changed over the past month, but it's down from three months
In his first thousand days in office, Gov. Walker reduced Wisconsin's tax burden by $1.4 billion, which helped grow the local economy by attracting businesses and jobs. Walker already has surpassed... his goal of creating 10,000 new businesses by 2015, with 13,000 new businesses created and the promise of many more to come.
Landing an enterprise client isn't easy and it's almost never quick, but it can be done if you're willing to invest the energy. Matthijs Keij shares how.
App's new "Flow" feature allows for point-and-shoot shopping.
The U.S. has been in a jobs emergency since at least 2008. The cause of the crisis -- too little demand -- isn't mysterious, and neither are the solutions.
U.S. stock futures zig-zagged Friday after the government report on non-farm payrolls showed the economy added just 113,000 new jobs last month, far less than economists had forecast.
WASHINGTON (AP) -- President Barack Obama and Congress stand at a junction. An AP News Analysis
Published every weekday, the Switchboard highlights five tech policy stories you need to read. Tech's biggest players hire first NSA lobbyist. "Apple, Google, Facebook and five other technology giants... that have banded together in their calls for surveillance reform officially registered a Washington lobbyist on Thursday," Politico writes. "The new hire -- tasked to represent a coalition that also includes AOL, LinkedIn, Microsoft, Twitter and Yahoo -- is a big political move for an industry that initially had tried to avoid the debate over the National Security Agency. Tech companies recently have become more engaged, however, as they discover they have serious business interests at stake."
The January jobs report is out, and it was a big miss. 113,000 workers were added to nonfarm payrolls in January, well below the consensus Wall Street estimate of 180,000. The unemployment rate... dropped to 6.6% from 6.7% last month. All told, this was the second straight disappointing monthly jobs report, and it's another reminder that the U.S. labor market remains anemic. Bill McBride of Calculated Risk runs a chart every month that puts the jobs recovery into better perspective. "This graph shows the job losses from the start of the employment recession, in percentage terms, compared to previous post WWII recessions," writes McBride. "The dotted line is ex-Census hiring. This shows the depth of the recent employment recession — worse than any other post-war recession — and the...
Economists expected 185,000 jobs to be added in January.
Rising interest rates scare bond investors, but there are alternatives.
The U.S. added 113,000 jobs in January and the unemployment rate fell again to a new post-recession low, but the pace of hiring appears to have slowed over the past few months, according to government... figures released Friday. The nation's unemployment rate dropped to 6.6% from 6.7%.
A few weeks ago, The Wall Street Journal reported that Apple plans to release two new iPhones with bigger screens this year. The first device will have just under a 5-inch screen, likely 4.7 inches... to keep the same size ratio the 4-inch iPhone 5S has. The second phone will have a very large screen, probably around 5.5 inches. If the reports are true, it would be a welcome change. Most phones sold today have screen sizes larger than four inches, and a bigger screen is one of the most-requested features for iPhone users. Designer Federico Ciccarese put together a few mockups of what the next iPhones could look like based on the information we have so far. Take a look: SEE ALSO: The best smartphones in the world Join the conversation about this story »
Anti-government protesters stormed into the Bosnian presidency and another government building in Sarajevo and set them ablaze Friday as riot police fired tear gas in a desperate attempt to stop…
The hackers who stole millions of customers' credit and debit card numbers from Target may have used a Pittsburgh-area heating and refrigeration business as the back door to get in.
The Non-Farm Payrolls report just came out, and it was a big miss. Just 113,000 new jobs were created in January vs. 180,000 expected. But there are two parts to every jobs report. One is the... Establishment Survey, where they ask businesses how many people they hired in the month. That's where the 113,000 number came from. But the other part is the Household Survey, where they ask households whether they gained/lost jobs in the month. And that side of this report was amazing. From the report: After accounting for the annual adjustment to the population controls, the civilian labor force rose by 499,000 in January, and the labor force participation rate edged up to 63.0 percent. Total employment, as measured by the household survey, increased by 616,000 over the month, and the...
Rosneft has offered 9 offshore blocks in Barents Sea Offshore and 1 in Black Sea for joint exploration, says Panabaka Lakshmi
I don't want to make too big a deal about Bob Dylan appearing in a Chrysler commercial during the Super Bowl and yet, I'm afraid, it is a big deal. It followed closely on the heels of the death of... Pete Seeger, who helped start the whole folk-music groundswell that buoyed Dylan to critical acclaim and, almost as quickly, to the top of the pop charts. There are many things that connect Seeger and Dylan, not the least of which is their admiration, even idolization, of Woody Guthrie. And as I watched the commercial -- "Is there anything more American than America?" Dylan gnomically asked -- I thought, would Woody Guthrie, voice of the working man, have done a commercial for a major multinational corporation? No, of course not. Keep in mind that, just a few minutes earlier, one of Dylan's...
TUZLA, Bosnia-Herzegovina (AP) -- Bosnian protesters have set ablaze the local government building in Tuzla after they stormed it in rage over unemployment, rampant corruption and an overpaid... political elite that appears detached from people's needs.
Hiring was surprisingly weak in January for the second straight month, likely renewing concern that the U.S. economy might be slowing after a strong finish last year.
As expected, CME's top line growth in the quarter was driven by a surge in trade volumes leading to a 6% growth in the company's core transaction business. While interest-rate contracts were traded... nearly 30% more in Q4 2013 than the year-ago period, the trade volumes of all other derivatives remained nearly flat during the quarter.
More than the guidance beat, what stood out for the company was its revenue guidance for Q1, given the backdrop of pricing concerns surrounding the renegotiation of a contract with its largest media... customer. Akamai said that it expects revenues for the current quarter to be in the range of $426-442 million, which translates to flat sequential growth at the mid-point, despite headwinds from the contract renewal and weak seasonality.
The economy added only 113,000 new jobs in January, the government said Friday, a number that fell short of expectations even as the unemployment rate dipped to its lowest level in five years. The... slow pace of growth underscored the continuing fragility of the economic recovery more than five years after the financial crisis. The 113,000 new jobs on nonfarm payrolls were considerably less than the 180,000 analysts had expected. The unemployment rate still fell to 6.6 percent in January from 6.7 percent in December, the Bureau of Labor Statistics said in its monthly jobs report. December’s disappointing report of just 74,000 jobs added was revised upward only slightly, to 75,000. Even as millions of jobs have been added since the worst of the recession in late 2008 and early 2009, the...
Net changes in value as a result of foreign currency exchange rates led to a pre-tax loss of $1.2 billion. As a result, Prudential reported a net loss of $427 million for its financial services... business, down from a loss of $185 million in 2012.
Welcome to our new Video Insider newsletter, a morning email with the top news and analysis on the digital video industry, produced by BI Intelligence. ADAPT.TV ACQUISITION PAYS OFF FOR AOL: AOL... posted strong results during its fourth quarter earnings call. AOL’s advertising revenue jumped 23% to $507 million. The company has steadily shifted its focus toward digital advertising. In August, AOL completed a deal with the video advertising company Adapt.tv for $405 million. The acquisition has allowed AOL to dramatically expand its video and programmatic advertising capacity. “The investments we have made are paying off,” said AOL CEO Tim Armstrong during an interview. (Reuters, AOL) AMAZON READIES 10 NEW ORIGINAL PILOTS: Amazon is set to premiere ten new pilots on the company’s...
Yelp continued to report superlative growth for all its performance metrics. The company reported 47% growth in cumulative reviews to 53 million and 39% increase in average unique monthly visitors to... 120 million. While active local business accounts increased by 69% year over year to 67,200, claimed local businesses increased to 1.5 million. In this article we will discuss Yelp's Q4 results.
Investors and dealers live for market volatility, it creates trading opportunity, and today's North American jobs reports should not disappoint even the neutral observer. The release of last month's... employment reports for the U.S. and Canada came in far below expectations, with the weather being blamed for the bulk of setbacks. Canada actually lost jobs while the U.S. created few, both well off market expectations (74k and -46k, respectively). Today, particularly for the U.S., another sub-par performance and future Federal Reserve taper actions will surely be called into question. Even for the good health of the typical global investor, this market requires a healthy nonfarm payrolls (NFP) report, or one that is close to consensus (+185k and an unemployment rate +6.7%), to keep the...
The "People Mover" is a unique light rail system in downtown Detroit that hardly anyone uses. Mainly because it can only go in one direction and covers a minuscule 2.9-mile circumference. The... aptly named People Mover does have its uses, though, and, at just $0.75 a ride, it's super cheap. Problem is, the People Mover is quite the money-losing venture. Every ride taken on the People Mover costs the Detroit Transportation Corporation a little less than $4. Regardless, most Detroiters like the People Mover and don't want to get rid of it. Watch to learn more about this strange love/hate relationship between the city of Detroit and the People Mover. Produced by William Wei NOW WATCH: The Truth Behind Those $1 Detroit Homes Follow BI Video: On Facebook Join the conversation about this...
We should think twice before trying to engineer the personal behavior of millions of Americans. Sin taxes have a role to play. But it's not a big one.
Candidates are being asked to carry out increasingly odd tasks.
This is a significant development for Intuitive Surgical because its da Vinci system received a lot of negative publicity last year from research reports which questioned its benefits and cost... effectiveness, especially in hysterectomy procedures. As a result of the negative sentiment, da Vinci unit sales declined by more than 11% year-over-year to 546 systems in 2013.
Total nonfarm payroll employment grew by 113,000 jobs in January while the unemployment rate remained virtually unchanged at 6.6 percent, the Bureau of Labor Statistics reported Friday.
Hiring was surprisingly weak in January for a second straight month, likely renewing concern that the U.S. economy might be slowing after a strong finish last year.
WASHINGTON (AP) -- US employers add 113,000 jobs, a modest gain; jobless rate falls to 5-year low of 6.6 pct.
The U.S. economy added 113,000 jobs in January, as the unemployment rate dipped to 6.6 percent, the Bureau of Labor Statistics reported Friday. Here's more from the Associated Press: WASHINGTON (AP)... -- Hiring was surprisingly weak in January for the second straight month, likely renewing concern that the U.S. economy might be slowing after a strong finish last year. The Labor Department says employers added 113,000 jobs, less than the average monthly gain of 194,000 in 2013. This follows December's tepid increase of just 75,000. Job gains have averaged only 154,000 the past three months, down from 201,000 in the preceding three months. Still, more people began looking for work in January, a sign that they were optimistic about finding work. Some of these people found jobs, thereby reducing...
The U.S. Bureau of Labor Statistics just released the January jobs report, and it was a big miss. 113,000 workers were added to nonfarm payrolls in January, below the 180,000 estimate. Average... hourly earnings came in at 0.2% month over month, in line with expectations. Year over year, average hourly earnings climbed to 1.9%, above economist expectations of 1.8%. "While everyone else focuses on the non-farm payroll increase and the unemployment rate, I am interested in wage growth and the employment rate," said Kit Juckes, a global strategist at Société Générale, ahead of the report. "Wage growth, depending on which of the BLS series on average earnings I use (they produced a new one in 2006), is meandering sideways in a 1.5-2.3% range," he said. Last month, Capital Economics'...
The sound of jazz made people more interested in hotel rooms than campsites.
The January jobs report is out. 113,000 workers were hired to nonfarm payrolls in January, below the consensus Wall Street estimate of 180,000. The unemployment rate unexpectedly fell to 6.6% from... December's 6.7% reading, and the labor force participation rate rose to 63.0% from 62.8%. In the wake of the release, S&P 500 futures have plummeted into the red and Treasuries are surging, sending yields lower. The dollar is also down sharply against the euro and the yen. Private-sector firms hired 142,000 workers, implying a 29,000 reduction in government employee headcount. December nonfarm payroll growth was revised up to 75,000 from 74,000. Average hourly earnings growth was 0.2% from the previous month in January, as expected, but December's previously-reported 0.2% advance was revised down...
Some flyers nag flight attendants with their every whim.
Associated Press photographer Jae C. Hong captured a photo of this sign outside a restaurant in the mountains near Sochi, Russia. The sign makes clear that FBI and CIA agents aren't welcome, although... the AP notes that "it isn't clear what the restaurant's policy is toward the NSA." One can imagine that any agent of the U.S. intelligence apparatus is not very welcome in or around Russia, generally speaking. The restaurant is in Krasnaya Polyana, Russia, where the Olympic skiing and snowboarding competitions are taking place. Join the conversation about this story »
As the fantasy sports industry has grown, some industry analysts expected to see consolidation in the largest players' contest offerings.
Canadian snowboarder Mark McMorris called the judging in the Olympic slopestyle event "ridiculous" after getting a surprisingly low score in Thursday's qualifiers. McMorris is the favorite to win... gold. He had a clean run and landed the sport's biggest trick (the triple cork), which should have been enough to get him in the top-four. Instead he came in seventh, to the shock of everyone. "It’s pretty ridiculous, but it’s a judged sport, what can you do?" he said afterward. "It sucks. To land a really good run that you’re really proud of with one of the only legitimate triple corks of the day and not even come close, I was bummed." The controversy shed new light on the slopestyle judging system, which is startlingly subjective. Yahoo's Jeff Passan did a story on how the sport is...
It looks like Mexico has a good 2014 coming up. Financial analysis firm Moody's elevated the country's rating from Baa1 to A3, making Mexico the second country in Latin America to attain A status,... after Chile. The ratings agency based its decision mostly in the structural reforms approved last year by President Enrique Peña Nieto's administration.
While Thailand's overall economy is suffering terribly from the country's ongoing political turmoil, the country's data center service providers have miraculously been experiencing unexpected growth... in business, researchers from Frost & Sullivan said. The Thai data center industry grew 21 percent in 2013, compared to the previous year, with total revenue in excess of 1,700 million baht ($51.84 million). Frost & Sullivan expects the industry to continue to enjoy strong growth of more than 15 percent in 2014.
While stocks ended Thursday's session on an upbeat note with all three major U.S. indexes gaining more than a percentage point, jobs data could sour the mood if it does not live up to expectations.... Futures on the Dow Jones Industrial Average were up 0.2 percent and futures on the S&P 500 were up 0.3 percent while those on the Nasdaq were up 0.51 percent. On Thursday, the Dow gained nearly 200 points, or 1.22 percent, while the S&P 500 climbed 1.24 percent and the Nasdaq gained 1.14 percent.
Preet Bharara, the Indian-American district attorney who has carved a name for himself by going after white-collar criminals and offending foreign diplomats with equal gusto, has chalked up yet... another victory with the conviction of Mathew Martoma, a hedge-fund manager, said to have been involved in the largest insider-trading scheme in U.S. history.
WASHINGTON (AP) -- One of the most highly anticipated U.S. jobs reports in months might also prove to be among the most puzzling.
Many UK residents have invested in overseas property in recent years, but many have neglected to consider the effect this could have on their Will and inheritance tax planning, it is claimed. The... number of Britons expected to purchase a holiday or retirement home abroad in the next five years is likely to increase, yet the majority do not understand the implications this will have, according to law firm Adams & Remers LLP. ‘The interaction between UK and foreign succession and inheritance tax law is a complex area and if you are lucky enough to purchase your dream holiday home, or are escaping to the sun for retirement, it is crucial to seek advice on how to manage your overseas assets,’ said Simon Mitchell, solicitor at Adams & Remers. ‘It is advisable to have a second Will drawn up...
BERLIN (AP) -- German Chancellor Angela Merkel has strongly criticized a comment that a senior U.S. diplomat made about the European Union's role in Ukraine.
Welcome to our new Payments Insider newsletter, a morning email with the top news and analysis on the digital payments industry, produced by BI Intelligence.
Twitter is bearish on today's jobs report. The median estimate for today's nonfarm payrolls number is 168,000, below the Wall Street consensus estimate of 180,000. The mean estimate is 163,000, and... the standard deviation is 67,421. These numbers were calculated from 179 tweets using the hashtag #NFPGuesses through 8:12 AM ET this morning. The jobs report is out at 8:30. Follow the release LIVE on Business Insider » Join the conversation about this story »
No. No, we can't, for some reason. While the one-cent, once-copper coin doesn't have the purchasing power it used to, Americans still have a hard time letting it go. A HuffPost/YouGov poll conducted... in January found that only 34 percent of Americans are in favor of eliminating the penny, while 51 percent oppose it. The poll didn't ask about rounding up all the pennies and melting them down into a giant statue of Abraham Lincoln's face, but chances are that wouldn't be a popular option. (It wouldn't be very practical, either, since the U.S. has minted nearly 92 billion pennies since 2000, with about 7 billion new ones created in 2013 alone.) Jarden Corporation would likely be among those interested in keeping the penny around. The multibillion-dollar consumer products company, based outside...
It's hard not to feel sorry for the rich. After all, it can't be easy to swim in a pool of money, or to keep a yacht clean, or to stroll down red carpets all day, can it? So please, let's give them... all a break when they occasionally say outrageous things. Things like these: AIG CEO: Anger over big bonuses "just as bad" as racist lynch mobs. The CEO of the massive insurance company, Robert Benmosche, made that ill-advised comparison during a 2013 interview with the Wall Street Journal: "The uproar over bonuses 'was intended to stir public anger, to get everybody out there with their pitch forks and their hangman nooses, and all that -- sort of like what we did in the Deep South [decades ago]. And I think it was just as bad and just as wrong.'" Benmosche later described the metaphor as a...
So the House GOP's new big historic push for immigration reform lasted about two weeks.
Gallery Automotive Group LLC has announced that it has begun construction on BMW and MINI dealerships in Rockland just off of Route 3, Exit 14. The new 58,000-square-foot dealerships will replace BMW... Gallery of Norwell, which occupies 23,000 square feet. Expected to open in the fall, the Rockland facility is designed to accommodate more than 200 vehicles and a service area with more than 30 bays. Tthe new location has "much more visibility from the main exit of the highway," the company added. "Our new location will offer our current BMW clientele and anyone who is passionate about driving a state-of-the-art home on the South Shore and will offer current and future MINI enthusiasts in Southeastern Massachusetts a well-deserved home," Gallery Automotive Group director of operations Kevin...
Social Insider is delivered first thing every morning exclusively to BI Intelligence subscribers. LINKEDIN EARNINGS: LinkedIn posted strong revenues for the fourth quarter of 2013, but user... engagement weakened. LinkedIn revenues totaled $447 million in the quarter, an increase of 14% over the previous quarter. More than half of total revenues were generated by LinkedIn's core product — Talent Solutions, which are a suite of products for recruiters. Marketing Solutions, which is what LinkedIn calls its suite of ad products, increased revenue 29% over the previous quarter and accounted for 25% of LinkedIn's total quarterly revenues. However, the number of pages viewed by LinkedIn visitors declined by the largest margin ever reported by the company for a quarter. Furthermore, monthly...
We receive quite a few stories from Wal-Mart employees about what life is like inside America's largest employer. But this one comes from a remarkable point of view: a longtime Walmart store manager,... who vents in detail about how Walmart has systematically screwed employees over two decades.
Your boss doesn't know your value, right? But do you even know it? Most people have never taken the time to figure their net worth even though it's a fairly simple calculation. Why not take stock now?... The New Year is still full of promise. Your net worth is what you'd have left after selling everything, paying the bills and settling all debts. Think of it as your liquidation value. The number is of keen interest to heirs trying to understand what will be theirs. But it's useful for you as well. Calculated annually, your net worth provides the clearest picture of whether you are getting ahead. It helps gauge when you might retire and gives a roadmap to where you are losing or gaining value. That makes it easier to adjust and meet your goals. Say, for example, your goal is to retire with $1...
ARLINGTON HEIGHTS, Ill. (AP) -- Magazine industry auditors say that total average U.S. circulation for 386 magazines fell 1.7 percent in the final six months of the year to 284.9 million. The Alliance... for Audited Media says paid subscriptions were down 1.2 percent, while newsstand sales fell about 11 percent. Digital editions rose about 37 percent to 10.8 million, representing only 3.5 percent of total circulation. That's up from 2.4 percent of the total in the same period a year ago. The top three publications by circulation were AARP The Magazine and AARP Bulletin, which both had more than 22 million copies, followed by Game Informer Magazine, with 7.6 million.
Even large organizations can only handle so much.
'Taiwan independence,' '1989 Tiananmen protest,' 'Falun Gong' and 'Dalai Lama' don't make the cut, but 'American independence' does.BEIJING — Want to engrave a few words in Chinese on your new iPad?... No problem — Apple offers consumers in mainland China free personalization. Just don't get too political.
Despite threats of terrorism and other problems at the Games, no major advertiser has canceled its order for commercial time during NBCUniversal's 1,539 hours of coverage.The lighting of the Olympic... flame in Russia will launch a nearly $900-million bet by U.S. advertisers that this year's Winter Games will become a feel-good event for television audiences.
Despite threats of terrorism and other problems at the Games, no major advertiser has canceled its order for commercial time during NBCUniversal's 1,539 hours of coverage.The lighting of the Olympic... flame in Russia will launch a nearly $900-million bet by U.S. advertisers that this year's Winter Games will become a feel-good event for television audiences.
The one thing I’ve learned from running my own company and working with hundreds of others is that true success is a result of consistently doing the not-so-sexy work required. It’s the gritty,... day in and day out, nose to the grindstone stuff. I am talking… staying up late, waking up early, hiring the right people, firing the wrong ones, answering emails while on vacation, going the extra mile to help a client meet a deadline. It takes time and effort to build something you can be proud of, but when it comes to marketing, we seem to forget all of this.
Mobile Insider is delivered first thing every morning exclusively to BI Intelligence subscribers. LINE REVENUE SOARS: Popular Japanese messaging app LINE has become a massive business. For the... full year 2013, LINE brought in $338 million in revenue. The bulk of this revenue came in the fourth quarter, where LINE raked in about $120 million for year-over-year growth of about 450% compared to the fourth quarter of 2012. LINE is now also reporting that they've grown to 340 million registered users after surpassing 300 million in November and after LINE revealed to us that they had reached 330 million users a few weeks ago. Remember, LINE is a free app and the bulk of its revenue comes from in-app purchases. Game purchases made up about 60% of revenue with sticker sales making up another...
Because Facebook celebrated its 10th birthday this week, the social network allowed you to watch your very own personalized "look back" video that showcased things like your first profile photo and... your most popular pictures and status updates. For some, the look back is more horrifying than heartwarming. This parody video, created by Stephen Parkhurst, shows what those videos should really look like. Highlights: remembering when annoying family members joined the site, or that time you got into a political argument with an old classmate! Fun! Check out the hilarious "Facebook: An Honest Look Back" below: Join the conversation about this story »
The schemes that are out of Mint50
AMSTERDAM (AP) -- ArcelorMittal SA, the world's largest steelmaker, says it expects shipments of steel and iron ore to rise in 2014 as recoveries in the US and Europe will matter more than slowing... growth in emerging markets.
Four new funds have been added to the Mint50 list of funds
Use Mint50 to see which mutual fund schemes in your portfolio can stay,go and come in
Sen. Mark Pryor (D-AR), perhaps the most vulnerable Democratic incumbent in the 2014 election cycle, said Thursday that he's against President Obama's call to raise the federal minimum wage to $10.10... per hour.
We use a mix of quantitative and qualitative parameters to shortlist schemes
Though there are 50 schemes that we think are investment worthy, we're not telling you to buy all
This past week was a historic one for fund flows — investors pulled a historic amount out of equity funds while at the same time putting a historic amount into bond funds, and over 95% of the flows... were in and out of ETFs. Citi analysts Markus Rosgen and Yue Hin Pong relay the details in a note to clients: U.S. funds had record-high inflow into bonds and outflow from equities — In the week ended 2/5/2014, there was a $14.8 billion inflow into bond funds and a $28.3 billion outflow from equity funds, representing record highs in both cases. The inflow into bonds was driven by U.S. bond funds which saw $13 billion of inflow. On the flip side, U.S. equity funds were hit by a $24 billion outflow. More than 95% of these flows were attributed to ETFs. $6.4 billion of outflow from EM funds...
Apple has reportedly repurchased $14 billion of its stock in the two weeks after its first-quarter financials and second-quarter revenue outlook disappointed investors.
The decision by Germany's Federal Constitutional Court removes the prospect of the court's curbing the European Central Bank's flagship program.
Vice President Joe Biden doesn't believe he and President Barack Obama are real liabilities to Democrats running in this year's midterm elections.
Larry Ellison's 28-year-old daughter Megan Ellison has become a big-time movie producer. His son, David, is also a producer but it is Megan's star that is currently skyrocketing in Hollywood now.... Megan is the producer of the "American Hustle" and "Her," two current films wracking up awards. Ellison, 69, is the CEO of tech company Oracle, a tech visionary who has been running Oracle since he co-founded it in 1977. He's also known as a wild playboy who's been divorced four times. The event was held to promote company's human resources cloud software. But in the Q&A session, he invited the audience to ask him "anything." One man asked Ellison what he thought about the role of tech in our modern lives. Ellison said he was "disturbed" by how much time kids play video games, and what that could...
— Today, we get the release of the official jobs report from the U.S. Bureau of Labor Statistics at 8:30 AM ET. The median estimate of 92 market economists polled by Bloomberg is that 180,000... workers were hired to nonfarm payrolls in January. The unemployment rate is expected to remain unchanged at 6.7%. "The unemployment rate could have held steady at 6.7%, though the expiration of emergency unemployment insurance benefits at the beginning of the month poses risks of a lower number," says Guy Berger, an economist at RBS. "1.35 million claimants lost their benefits after December 31st. If a significant fraction of those former claimants was unemployed in December (i.e. without a job but actively looking for work) but subsequently either took a job or stopped looking for work (thereby...
The benchmark 10-year paper closed up 2 basis points at 8.74% on Friday
Welcome to Wonkbook, Wonkblog's morning policy news primer by Evan Soltas. To subscribe by e-mail, click here. Send comments, criticism, or ideas to Wonkbook at Washpost dot com. To
If you're running low on milk, you'll want to take advantage of Harris Teeter's weekend special. Milk will be just $2.87 per gallon.
I was working at home and answered the phone. "Hi Ann, it's AJ," said the friendly male voice. "Who?" I asked. "Sorry, I didn't catch your name." "AJ." And then he continued with a hint of empathy in... his voice, "Ann, you don't remember me, do you?" "Afraid I don't," I responded, and began explaining how I interview dozens of people a week for work and have hundreds of email conversations every day, which means that people enter and fall off my radar regularly, so please take no offense... But he cut my explanation short. "We spoke last September and you asked me to call you after the first of the year to set up that construction job you wanted me to do for you," said Mr. AJ, aka Affable Jerk. It took my lightbulb but a nanosecond to turn on. "Look, we both know I don't know you, never...
Good morning! Here's what you need to know as you head into the weekend. 1. That story on NBC journalists being "hacked" in Sochi isn't completely true 2. It appears that Apple is planning to build... sapphire-crystal displays for future iPhones 3. LinkedIn announced on Thursday it plans to acquire Bright, a data-driven job search startup, for $120 million. 4. Restaurant reservation platform OpenTable today reported quarterly earnings of $52.3 million and used the day to put out some other news: the company has acquired Ness. 5. Apple Inc. has bought $14 billion of its own shares in the two weeks since reporting financial results that disappointed Wall Street. 6. A pair of ex-Googlers have launched Beep, a beautiful WiFi-equipped dial that lets you stream music to any speaker with a...
The first of several "extraordinary measures" to avoid the debt limit has gone into effect
Bitcoin price drops after Mt. Gox exchange halts withdrawals
The conservative editorial page of the Wall Street Journal isn't impressed with John Boehner's excuses on immigration reform.
It's Friday, which means it's freebie time over on the Kroger website.
WASHINGTON (AP) -- One of the most highly anticipated U.S. jobs reports in months might also prove to be among the most puzzling.
In his initial testimony, Peter Anastos said that his company would make sure that its new hires worked fewer than 30 hours a week so that they would not qualify for health insurance.
Every so often, houses need to be renovated or gutted; the same goes for Websites. But without the right approach and planning, a Website overhaul is a waste of time, effort and money.
By NEDRA PICKLER, THE ASSOCIATED PRESS WASHINGTON (AP) -- President Barack Obama is carrying out a presidential duty that he hasn't had a lot of opportunity to perform recently: signing into law a... major piece of bipartisan legislation. Obama planned to sign a far-reaching farm bill Friday at Michigan State University, a rare celebration of Washington political compromise being held in heartland America. The bill expands federal crop insurance and ends direct government payments to farmers, but the bulk of its cost is for the food stamp program that aids 1 in 7 Americans. The bill cuts food stamps by $800 million a year, or around 1 percent, one-fifth of the cut approved last fall by the Republican-led House. Conservatives remain unhappy with the bill and its subsidies for groups ranging...
BERLIN (AP) -- Germany's top court cast doubt Friday on the legality of a key part of the European Central Bank's rescue plan for the 18-nation eurozone, taking the rare step of asking an EU court for... its opinion.
The International Olympic Committee has $932 million in financial reserves after adding $31.5 million in 2013.
Crude oil imports fall, helping narrow U.S. trade deficit.
New Hampshire Sen. Kelly Ayotte is visiting a Merrimack company that builds automation systems for medical devices to learn more about concerns over a new tax.
U.S. Olympians will have to make do without the team's official yogurt — depriving them of a source of protein and potentially disturbing their daily routines as they prepare for the biggest... competition of their lives.
SOCHI, Russia (AP) -- The International Olympic Committee has $932 million in financial reserves after adding $31.5 million in 2013.
U.S. Olympians will have to make do without the team's official yogurt -- depriving them of a source of protein and potentially disturbing their daily routines as they prepare for…
MERRIMACK, N.H. (AP) -- New Hampshire Sen. Kelly Ayotte is visiting a Merrimack company that builds automation systems for medical devices to learn more about concerns over a new tax.
A man-eating tiger on the prowl in northern India has claimed its ninth victim, defying hunters and wildlife officials who have been trying to gun down the animal, an official said Friday. Since... December 29, the same big cat is believed to have been on a killing spree in a densely forested area near Jim Corbett National Park in the northern state of Uttar Pradesh. Salil Shukla, an official in the district of Bijnor, told AFP that the partly eaten body of a young farmer had been found on Friday. "The victim was missing since Thursday and had gone into the jungle to locate his cattle," he said. "This is the ninth victim of the man-eater." While tiger-hunting has long been illegal in India, the Uttar Pradesh state government has licensed six hunters to either capture or kill the tigress who...
Comedian Jay Leno hosted his final episode of "The Tonight Show" Thursday after a 22-year run, but at least President Barack Obama had a consolation prize to offer him.
Leo Vercollone doesn't like smoking, but his customers do, so that's why he keeps selling cigarettes at his gas station convenience stores.
A Maine paper mill has announced that is temporarily laying off more than 200 workers from its East Millinocket facility.
Joe Biden's position on pot legalization has not evolved.
TUNIS, Tunisia (AP) -- As recently as December, the outlook for Tunisia remained grim. International lenders were withholding money. Parliament remained deadlocked. Investigations continued into the... assassination of two politicians.
(Reuters) - Apple Inc has repurchased $14 billion of its stock in the two weeks since it reported disappointing first-quarter results, a company spokesman said. Apple bought $12 billion of shares via... an accelerated share repurchase program (ASR) and $2 billion of shares from the open market, the spokesman said. An ASR usually involves a company buying its shares from an investment bank. The news was first reported by the Wall Street Journal, which interviewed Apple Chief Executive Tim Cook. Cook told the paper that Apple was surprised by the 8 percent decline in its shares on January 28, the day after it reported quarterly results. Apple shares fell after the company reported lower-than-expected holiday-period iPhone sales and issued a weak revenue forecast. With the latest round of...
HARRISBURG, Pa. (AP) -- Utility crews aren't getting much relief from the weather as they work to restore electricity to hundreds of thousands of people in Pennsylvania and Maryland, two days after an... ice storm downed power lines and trees.
The Indian Commodity Exchange is set to fold due to plummeting trading volume
Seattle Seahawks' Shaun Alexander Selling Property
In India, the government is employing the use of biometrics to help identify each person individually.
Now that a good bit of air has come out of Twitter's stock-price bubble, the bears will be in charge of these shares for the near-term, writes John Shinal.
A severe drought is threatening cattle and milk production and food crops in the West.
Among the companies whose shares are expected to see active trade in Friday's session are LinkedIn, Expedia, and Activision.
Obamacare does discourage some people from working by imposing high implicit marginal tax rates, but that's actually a good thing because some people should work less, writes Rex Nutting.
Among the companies whose shares are expected to see active trade in Friday's session are LinkedIn, Expedia, and Activision.
House Republican leaders are sending their immigration-weary base a message: We hear you, loud and clear. After one week of fierce conservative attacks on their pro-reform blueprint, Speaker John... Boehner (R-OH) and Majority Leader Eric Cantor (R-VA) signaled on Thursday that the effort was going nowhere fast in the House and preemptively blamed its demise on President Barack Obama. Their message: Reform is in peril because we can't trust him to enforce the law.
There's little doubt that "Her" is one of the best films of 2013, even the notoriously derided Academy has put it up for a Best Picture Oscar this year. The Spike Jonze film serves in part as... commentary against an increasing dependence on technology and an ever-growing need for electronic devices to act as human as possible while distancing their users from other actual people. Within this examination, "Her" is also partially a love story about a lonely man who, still reeling from the demise of his marriage, connects with someone highly unlikely.
Republicans have struggled to try and avoid campaign-crippling remarks that could snatch away an otherwise easy win in 2014 -- but that may be impossible in the Georgia Senate race. With eight... candidates vying for the nomination, you'd think Republicans would have their pick for the next Georgia senator. Instead the field is filled with a mess of candidates who drudge up the worst stereotypes of an anti-science, anti-woman, anti-Obama, anti-immigrant Mr. Moneybags candidate -- a reputation the party has desperately been trying to shed.
The New Jersey lawmaker leading the investigation into Gov. Chris Christie's (R) administration told TPM on Thursday he has no plans to turn his attention to explosive allegations raised recently by... the mayor of Hoboken. Assemblyman John Wisniewski (D) said in an interview with TPM that his committee's investigation into Christie's office will remain focused, at least for now, on what it has been all along: the September lane closures on the George Washington Bridge. The committee plans to "finish its work" on the bridge before moving on to anything else, he said. "As I can see it now, there's no direct connection to the work we're doing that stems out of the GWB incident and that Hoboken incident," Wisniewski said. "It is very unlikely that the committee will make any kind of pivot to...
An insect that’s no bigger than the head of a pin _ the Asian citrus psyllid _ is responsible for spreading a disease called citrus greening that is wreaking havoc on citrus growers in Florida. And... growers in other states, particularly California, are on guard as the disease shows signs of coming to their areas.
The U.S. Department of Defense just shared an out-of-this-world photo on Twitter. This is what refueling tanker operators see when they go to the pump and take part in refueling missions. The plane... refueling is an F-35 Lightning, developed by Lockheed Martin. The F-35 is a multirole fighter, combining advanced stealth ability with the speed and agility of a fighter. Aerial refueling allows pilots to stay in the air longer before landing. It also has the added benefit of allowing a plane to take off with a heavier than usual payload since it's tanks can always be topped off in-air. SEE ALSO: This Is How The Air Force Doubles The Combat Range Of Its Fighter Jets Join the conversation about this story »
German airline Lufthansa AG has named Carsten Spohr to be its next chief executive.
Shaun White is once again going for the gold, and this time he's doing it as a savvy business man, as Christine Romans reports.
Indian luger Shiva Keshavan pulled off one of the more unreal recoveries you'll ever see on a luge track during Olympic training on Friday. On one of the final turns Keshavan slipped off his sled,... falling onto his stomach and gliding down the track in an ugly scene. But somehow he managed to get a hold of his sled, flip himself onto it, and continue with his run as if nothing happened. He was traveling at about 57 miles per hour when this happened, according to the broadcast. Incredible. He's on his stomach and then magically flips onto the sled without breaking stride: SEE ALSO: The Gold Medal Favorites In Every Single Olympic Event Join the conversation about this story »
Germany's Constitutional Court will refer a complaint against the European Central Bank's flagship bond-buying plan to the European Court of Justice, removing the prospect of it curbing the program....
The company bought $12 billion of stock through an accelerated share repurchase program and $2 billion from the open market, a spokesman said.
Gold of 99.9 and 99.5% purity advanced by Rs30 each to Rs30,540 and Rs30,340 per ten grams, respectively
The prime property market in London has seen a strong start to the year with 48% of properties sold doing so at asking price or higher and 34% selling within two weeks of being put on the market,... research shows. The figures from estate agent March & Parson, also show that the ratio of supply and demand in January reached a four year high and strong demand is pushing up prices. The average price of two bedroom properties in outer prime London increased by 17% in 2013, an increase of almost £100,000. ‘Now is the time to get a jackpot price on property thanks to a surge of potential buyers entering the market in the New Year. These extraordinary conditions have created a strong seller’s market and one of the best opportunities to sell property in recent years,’ said Peter Rollings,...
Formula One's main protagonists are used to living under the glare of the paparazzi's flash bulbs but they have turned the tables to raise money for charity.
Congress passes a bill that gives bipartisanship a bad name WHILE Congress was gridlocked it was easy to forget how ugly the smooth functioning of government can be. After a delay of two years, a... reminder came on February 4th when the Senate passed the farm bill, a strange piece of legislation which costs nearly a trillion dollars. It mixes benefits that mostly go to the poor (food stamps) with agricultural subsidies that mostly go to the rich (crop subsidies for large farms). Given a blank slate, nobody with an interest in either alleviating poverty or improving farming would construct such a law. Yet here it is again. The alignment of rural and urban interests, which dates from when the two bits of legislation were yoked together in the 1970s, had temporarily broken down, largely thanks...
Upbeat quarterly results from rival ArcelorMittal triggered hopes of better-than-expected earnings from Tata Steel
JEFF ZUCKER, boss of CNN Worldwide, a cable-news firm, likes to start his morning with a shot of numbers. Every weekday at 9am he confers with his teams in New York, Atlanta, Washington, DC, and other... bureaus to discuss ratings and web traffic, and to decide what news to cover. On February 4th a story reconstructing the final day of Philip Seymour Hoffman, an actor who died of a heroin overdose (see obituary), boosted CNN’s website. Mr Zucker wanted to "push it" on TV too. As producers pitch the stories they plan to cover, Mr Zucker pitches them his own, including more on Hillary Clinton’s election prospects, how bad weather affects America’s economy and whether drinking two fizzy drinks a day will actually kill you. Previous bosses at the channel rarely attended morning news...
A California writer received a highly unusual credit card offer from Bank of America this week: It was addressed to "Lisa is a Slut McIntire." While "Lisa" is her first name and "McIntire" is indeed... her last, the "Is a Slut" part appeared to have been added by Bank of America, so she called out for help on Twitter: Hi @BofA_Help. I just received a credit card offer from you that addressed me as "Lisa Is A Slut McIntire." pic.twitter.com/7OeNZSlNhX -- Lisa McIntire (@LisaMcIntire) February 6, 2014 After a series of Tweets, Bank of America apologized: @LisaMcIntire We're incredibly sorry this happened and are researching now so we can take the appropriate action. ^bm -- Bank of America (@BofA_Help) February 6, 2014 Apparently, McIntire's name had been changed in the database of the Golden...
IN HIS state-of-the-union address Barack Obama asked Congress to give him "fast-track" authority to negotiate trade deals. Shortly afterwards his most important ally on Capitol Hill hinted that he... might block it. As Senate majority leader, Harry Reid can do just that: no bill gets a vote without his say-so. But would he really stiff Mr Obama? Much depends on the answer. Studies suggest that proposed deals with Asia and Europe could generate global gains of $600 billion a year, with $200 billion of that going to America. And that understates the benefits, since the deals would spur competition in the market for services, which make up most of rich countries' output but are seldom traded across borders. Opening industries like finance and transport to greater competition could bring great...
Ugly morning in Bitcoin world. Mt. Gox, the big Japan-based exchange, is temporarily halting all withdrawals as it faces technical issues. Here's their note to clients: Dear MtGox Customers,In our... efforts to resolve the issue being encountered by various bitcoin withdrawals, it was determined that the increase in the flow of withdrawal requests has hindered our efforts on a technical level. To understand the issue thoroughly, the system needs to be in a static state.In order for our team to resolve the withdrawal issue it is necessary for a temporarily pause on all withdrawal requests to obtain a clear technical view of the current processes.We apologize for the sudden short notice. All bitcoin withdrawal requests will be on pause, and the withdrawals in the system will be returned to your...
Germany's top constitutional court refers a decision on the legality of the European Central Bank's OMT program to the European Court of Justice, saying it likely exceeded the central bank's powers.
Fazio Mechanical Services of Pennsylvania says it was victim of "sophisticated" hack.
Peso climbed 0.7% to 44.99 per dollar in Manila, baht added 0.7% to 32.795, while ringgit advanced 0.4% to 3.33
Scottish land values continued to rise in the second half of 2013 as supply failed to keep up with demand, according to the latest index from Knight Frank. Prices increased on average by 7% to £4,262... an acre in the latter half of the year and overall, values rose by 11% during the year. This takes 10 year growth to 220%, and means for the first time that the value of Scottish farm land has outpaced the rise in the price of land England. It also puts land in Scotland ahead of gold which rose by 212% over the same period. James Denne, head of farm sales in Scotland, said that there is still confidence in the farming sector from both investors and agricultural businesses. ‘Although farm profitability undeniably fluctuates in line with commodity prices, the value of the underlying asset,...
Maryland Gov. Martin O'Malley planned to unveil a new cellphone security system Friday at the Baltimore City Detention Center.
The world's population is aging rapidly -- which not only affect your retirement, but your children's too. You're not just saving for a few years of retirement, you are planning how to make your money... last a lifetime.
KUALA LUMPUR, Malaysia (AP) -- Global stock markets were higher Friday in anticipation of a positive U.S. jobs report for January.
XENON is one of the shyest members of the periodic table of the elements. Chemically, it is almost inert, and physically, it makes up only 0.000009% of the atmosphere, so it is not surprising that it... was among the last of the naturally occurring elements to be identified, in 1898. Biologically, however, it is not shy at all. In some countries, notably Russia, it is used as an anaesthetic. It is also known to protect body tissues from the effects of low temperatures, lack of oxygen and even physical trauma. In particular, it increases levels of erythropoietin, also known as EPO, a hormone that encourages the formation of red blood cells. Xenon's protective and EPO-boosting properties mean it is being investigated as a treatment for babies whose brains have accidentally been starved of...
A South Korean appeal court said the layoff of 153 employees at Ssangyong Motor Co. in 2009 was unjustified, in a belated victory for auto workers who fought pitched battles with riot police at the... time.
The Eurozone crisis for all intents and purposes ended in Summer 2013 when the ECB unveiled its 'OMT' program. The program would allow the ECB to backstop government bond markets (in an unlimited... manner) provided said governments entered into oversight and restrictions. The ECB hasn't actually employed the program ever, but just the knowledge that the program existed has drastically calmed bond markets, and ended fears that a peripheral country would go bankrupt. The ECB was always kind of threading a needle on this one. The Eurozone rules state that the ECB can't bail out countries this way. The ECB's argument is that it's not bailing out countries, but ensuring the smooth conduct of monetary policy — something that can't happen if government bond markets are going haywire. Clever....
SEOUL, South Korea (AP) -- A South Korean appeal court said the layoff of 153 employees at Ssangyong Motor Co. in 2009 was unjustified, in a belated victory for auto workers who fought pitched battles... with riot police at the time.
Germany's trade surplus hit a new high in 2013 as concerns grow that Europe's largest economic is relying too heavily on exports and not doing enough to encourage domestic demand.
BERLIN (AP) -- Germany's trade surplus hit a new high in 2013 as concerns grow that Europe's largest economic is relying too heavily on exports and not doing enough to encourage domestic demand....
European stock markets extend gains as investors digest the latest round of earnings reports and wait for the U.S. nonfarm-payrolls report due in the afternoon.
New 'Call of Duty' developer named
ArcelorMittal SA, the world's largest steelmaker, says it expects shipments of steel and iron ore to rise in 2014 as recoveries in the US and Europe will matter more than slowing growth in emerging... markets.
Its chief executive, Lakshmi Mittal, said he saw signs that the world economy was ticking up and he expected earnings to improve this year.
The co-founder of Seventh Generation launches a new company aimed primarily at women.
The Carlyle Group (NASDAQ:CG) has agreed to buy the industrial packaging unit of Illinois Tool Works (NYSE:ITW) for $3.2 billion, the companies said Thursday. The sale is a result of ITW's decision in... September to shed its Industrial Packaging Unit,or IPG, to focus on core businesses.
JOHANNESBURG (AP) -- A South African gold-mining company says two employees have died in separate accidents since an earthquake triggered an underground fire in a mine shaft earlier this week, killing... eight miners.
Before you whip out your debit card, consider this: If some crafty thief hacks the store terminal and goes on a shopping spree using your data, you could be responsible for $500 in charges.
After a rocky start to the week, stocks roared back Thursday, giving major indexes their biggest gains of the year. The surge began overseas when the European Central Bank said it's ready to do more... to support the economy and fight deflation. A bit of good news in the US followed: Fewer people sought jobless benefits last week. And traders think Friday's jobs report will show gains. 'The fear in the markets has subsided some,' said Marc Doss, at Wells Fargo Private Bank. Helping the rally: Disney got a lift from its hit 'Frozen,' and the stock rose 5.3%. Dunkin' said sales are up; its stock rose 3.4%. But Twitter fell 24.2% on growth worries.
Daily-deal sites, known for blasting e-mail offers for limited-time discounts at restaurants, spas, and gyms, were one of the hottest things on the Internet in 2011. But as more and more websites... entered the market, people grew immune to their clogged inboxes and stopped buying as many daily deals.
Volunteers will help college-bound students fill out financial aid applications at spots across the state this Sunday.
Entrepreneurs from nine states and Canada are competing next week in Louisville with business startup ideas.
Michigan Gov. Rick Snyder is preparing to talk about the economy and his 2-day-old budget proposal with Detroit-area business executives.
Good morning! Happy Jobs Day. Today at 8:30 AM we get the Non-Farm Payrolls report for January. A full preview of the report is here, but the short version is that analysts are expecting 180,000 new... jobs and for the unemployment rate to stay unchanged at 6.7%. In the meantime, markets are gaining a bit. US futures are up to the tune of 0.3%. Europe is up as well. Japan had a big night, rallying 2%. It seems that, for the moment, the selling we've seen of late has calmed down. Of course, today's jobs report has the potential to upset any balance in a number of ways. A strong number could get people talking again about the Fed tightening. And a weak number could play into the new meme that once again, the economy is failing to achieve breakout speed. We'll know soon! Join the conversation...
Volunteers will help college-bound students fill out financial aid applications at spots across the state this Sunday.
Entrepreneurs from nine states and Canada are competing next week in Louisville with business startup ideas.
Michigan Gov. Rick Snyder is preparing to talk about the economy and his 2-day-old budget proposal with Detroit-area business executives.
Jobs report disappoints; be thankful for bonds
Ibrahim Sana worked for a global tech company, then broke off to start his own venture. Last year, he was crowned one of Israel's seven most promising young entrepreneurs by a financial newspaper.
President Barack Obama is carrying out a presidential duty that he hasn't had a lot of opportunity to perform recently: signing into law a major piece of bipartisan legislation.
President Barack Obama is carrying out a presidential duty that he hasn't had a lot of opportunity to perform recently: signing into law a major piece of bipartisan legislation.
An army of workers and volunteers has fanned out around the country trying to enroll young and healthy people in health insurance now available through President Barack Obama's signature law.
The economy showed a second month of weak job gains in January.
The West Virginia Higher Education Policy Commission has announced a series of student financial aid workshops.
IBM is seeking a buyer for its semiconductor manufacturing unit, but still wants to keep its chip-design capability, says a source close to the matter.
Citibank has agreed to pay $110 million to settle a class-action lawsuit filed by a Syracuse man who says he was forced into a 400-percent increase in his flood insurance premium.
One of the most highly anticipated U.S. jobs reports in months might also prove to be among the most puzzling.
The company has faced pressure from activist investor Carl Icahn to boost its share buybacks.
As the U.S. hit its debt limit on Friday, a leading business group urged Congress to act quickly to raise it to avoid damaging the economy.
RIO DE JANEIRO (AP) -- Police and protesters violently clashed in Rio de Janeiro's main train station Thursday in a demonstration against a 10-cent hike in bus fare.
Sometimes the pressure's on to make a sale, look as young as possible, Rhonda Abrams says.
To grow and improve is a desire that most all of us share. Yet, in order to grow and improve we must first be willing to acknowledge our areas of weakness; we must accept who we are in order to become... something better. So how can we best recognize our weaknesses? We can stop defending and start listening.
Ibrahim Sana worked for a global tech company, then broke off to start his own venture. Last year, he was crowned one of Israel's seven most promising young entrepreneurs by…
(KUALA LUMPUR, Malaysia) -- Asian stock markets were mostly higher Friday, mirroring gains on Wall Street in anticipation of a positive U.S. jobs report for January. Japan’s benchmark Nikkei 225... index surged 1.6 percent to 14,382.77 and Hong Kong’s Hang Seng added 0.9 percent to 21,614.36. South Korea’s Kospi climbed 0.4 percent to 1,915.16 and Australia’s S&P/ASX 200 rose 0.6 percent to 5,160.10. China’s Shanghai Composite, which reopened after a long Lunar New Year holiday, eased 0.5 percent to 2,023.09. Investors are hoping for a robust jobs report after the U.S. economy added a disappointing 74,000 jobs in December. That was the fewest in three years and far below the average of 214,000 added in the previous four months. The Labor Department earlier this week said fewer...
Officials in California on Friday are set to outline proposed state legislation requiring smartphones and other mobile devices to have a "kill switch" that would render them inoperable if lost or... stolen.
Water isn't the only resource running short in California. The drought-stricken state is also low on natural gas.
The leading European political blocs have put forth a list of hacks with little political clout as candidates for leadership roles in the new European Parliament. Change, if it comes, will have to... come from the bottom up, writes Darrell Delamaide.
In 2008, Charles and Kathleen Barrett filed a fraudulent tax return for Tax Year 2007. Because of that return, the Barretts received a tax refund of $217,615 to which they were not entitled. On... September 1, 2010, the IRS sued the Barretts in Colorado federal court, and eventually obtained a default judgment against them for $351,197 (now including penalties and interest) when the Barretts failed to defend. Three times the Barretts tried to vacate the default judgment, and three times they failed. So far, so what -- if the Barretts had simply paid their taxes, this would have been an obscure case for a relatively small amount and probably nobody except the parties concerned would have cared much. But the Barretts decided that they weren't going to pay, and that's where it starts getting...
Asian stock markets were mostly higher Friday, mirroring gains on Wall Street in anticipation of a positive U.S. jobs report for January.
Oil futures move toward their first decline in four days, with investors set to look through the latest U.S. labor-market report for any indications about energy demand.
Stock futures turn back up despite disappointing January jobs number.
The dollar moves little against the euro and yen, as markets eagerly await the upcoming U.S. jobs report for better clues about the strength of the recovery in the world's largest economy.
Now That Canada Has Joined the FATCA Parade, Expect More Dual Citizens to Worry Over Disclosure to the IRS.
There are days of reckoning and days of opportunity ahead for home equity lines of credit.
Q: I am interested in a property in Maryland. I contacted the owner, who told me I can have the house. But she did not sign a quitclaim deed. What can I do to transfer the property to me without the... deed? All I have is her word of mouth.
As of July 1, there won't be any real estate agents in Indiana.
Tease frozen Chicago Auto Show-goers with perfect ride to follow the sun.
Billy Crystal, Oprah, and more stars gathered together during Jay Leno's final episode of "The Tonight Show" to give an emotional sendoff to the longtime late-night host. Leno's first and final... guest, Crystal introduced a large group of celebrities consisting of Oprah, Carol Burnett, Jack Black, Jim Parsons, and Kim Kardashian to sing along to the tune of "So Long, Farewell" from "The Sound of Music." Leno hosted "The Tonight Show" for 22 years. Jimmy Fallon will take over hosting duties February 17. Watch the clip below: Here are photos from the event: SEE ALSO: The most memorable moments from Jay Leno's final "Tonight Show" Join the conversation about this story »
Wall Street: Our bad; GM Q4 earnings not that disappointing after all
Gold futures extended the prior session's gains, with investor placing bullish bets ahead of the hotly anticipated jobs report.
Highlights from the Boston Real Estate Now blog.
A free smartphone application has encouraged more than 70,000 Argentines to become citizen-cops as they shop.
Global stock markets were higher Friday in anticipation of a positive U.S. jobs report for January.
Not every hit movie needs an astronomical budget and A-list stars to resonate with audiences. Check out some films that succeeded despite (and sometimes because of) the built-in limitations of being... low on cash. "The Purge" Budget: $3 millionOpening Weekend: $34 millionArmed with little more than Ethan Hawke and a wickedly provocative concept, The Purge surprised studios by handily winning its opening weekend. The horror movie is about a future United States that allows a 12-hour period of lawlessness every year. "Once" Budget: $150,000Domestic Gross: $9.4 million This low-budget musical stunned critics when it was first released in Ireland in 2006, and continued to win them over after it traveled overseas. The story of a street musician and a pianist who find love and make music...
Superstorm Sandy victims rejected for New Jersey recovery grants won't be able to appeal those decisions, state officials said Thursday, even after it was revealed that faulty data was used to throw... out some of their applications.
Only an effective partnership of owners, local governments and international organizations can create effective safeguards for workers in developing nations, an economist writes.
Controversial, and now viral, ad of male lugers sends a very clear message to Russia.
Asian stocks move higher as a strong reading on the U.S. labor market helps shares recover from heavy selling earlier in the week.
Spain's financial distress has trickled down to a secluded back office of one of its largest banks--the convent where Sister Mariuca Mesones sorts and labels the lender's outgoing mail.
THANKS to its bewildering president, Afghanistan has seen relations with the United States plunge to new lows just two months before a presidential election. If Hamid Karzai cannot reach an agreement... with America for some troops to stay, then NATO is scheduled to pull out completely by the end of the year. Thus, though Mr Karzai will step down at the end of a possibly drawn-out process of choosing his successor, his unpredictability, and his desire to settle scores before going, threaten his country's interests far into the future. Confirmation of serious trouble came first in November, on the occasion of a loya jirga, a grand assembly of 2,500 community leaders and tribal elders. The meeting was convened to approve a bilateral security agreement (BSA) with America that will allow a small...
New residential and retail developments--as well as the push from luxury retailers settling in on Madison Avenue near 86th Street--are helping transform the area.
The BSE healthcare index rose 1.18% to be the biggest gainer
While Yahoo! chief Marissa Mayer has done a great job winning over the media, it's her fellow Google alum, AOL boss Tim Armstrong, who's doing the better job of winning...
On Wednesday, NBC News' reporter Richard Engel gave a jarring report of just how bad the problem of hackers is in Sochi, reporting that his phone was hijacked "before we even finished our coffee." The... report was pretty scary, but the technical details simply aren't adding up, according to cyber security researchers. In one of the most incredible moments of his report, Engel's smartphone seemingly downloads a piece of malicious software that "hijacks" his phone. But there are a number of holes, as Robert Graham lays out on his blog at Errata Security: They aren't actually in Sochi (they are in Moscow). The "hack" happens because of the websites they visit (Olympic themed websites), not their physical location. The results would've been the same in America. The phone didn't "get" hacked;...
For the past 10 days, options investors have paid more to protect themselves against volatile share-price moves in the coming weeks than to guard against swings a few months from now.
On the first day of Olympic competition, Russian snowboarder Alexey Sobolev used a snowboard that's an apparent homage to the punk band Pussy Riot. Three members of the band were jailed in 2012 for... performing a song called "Punk Prayer" in a Moscow cathedral amidst anti-Putin demonstrations. They've since become a protest symbol for Putin detractors. Sobolev's board, which he used in qualification for the slopestyle event, featured an image of a woman in a ski mask, the band's signature. He didn't say whether it was a protest or not, telling the AP, "I wasn't the person who designed it." But, rather cryptically, he told R-Sport, "Anything is possible." It looks like a Pussy Riot allusion: Wow, Russische (!) snowboarder Alexei Sobolev komt naar Sotsji met een Pussy Riot-board....
As I settled down to watch the first night of the 2014 Winter Olympics--like most nerds who work in social media--I had Twitter pulled up on my second screen pulled. That's when I happened upon this... tweet from Clorox. Perfectly timed to coincide with the Olympic games, it mocked the toilet situation in Sochi with a branded image. Immediately, the post picked up 25 retweets--and every single one of those was from someone in marketing.
Americans Giving Up Their Citizenship Has Ballooned to an All-time High.
As I settled down to watch the first night of the 2014 Winter Olympics--like most nerds who work in social media--I had Twitter pulled up on my second screen pulled. That's when I happened upon this... tweet from Clorox. Perfectly timed to coincide with the Olympic games, it mocked the toilet situation in Sochi with a branded image. Immediately, the post picked up 25 retweets--and every single one of those was from someone in marketing.
Cold weather is another reason 'your mileage may vary'
As India hosts the world's second largest automobile trade show, its domestic market seems to be having some difficulty getting out of first gear.
The partially convertible rupee opens at 62.31 per dollar compared with its previous close of 62.39
The HSBC services PMI retreated to 50.7 in January, a low last seen in August 2011
New York's top financial regulator has dumped cold water on the mortgage-servicing industry's consolidation fever. Benjamin Lawsky's Department of Financial Services on Thursday stopped Ocwen... Financial from completing its acquisition...
The government is looking to swap 26 mn groundwater pumps for more efficient irrigation models powered by the Sun
The investigation of Samsung Electronics over alleged misuse of patents closed, says Justice Department.
Hawaii would exempt groceries and medical services from its general excise tax if bills advancing through the Legislature become law.
Improving economy encourages many consumers to take on more debt, especially auto and student loans.
A legislative committee advanced a bill Thursday allowing municipalities to ban the use of cellphones while driving in a school zone or on school property.
Martoma faces loss of home, millions in forfeiture
The services sector in China expanded in January at its weakest pace since August 2011 after companies achieved a smaller volume of new business, a private survey has revealed. The new data adds to... mounting indications of easing in the world's second-largest economy. The HSBC/Markit Services Purchasing Managers' Index (PMI) dropped to 50.7 in January, a low last seen two and half years ago. However, the findings are above the 50-point level that separates growth and contraction. The PMI in December was 50.9.
(Reuter) - Notch up another one in favor of the government in a crackdown on Wall Street. Mathew Martoma, a former portfolio manager at billionaire Steven A. Cohen's SAC Capital Advisors hedge fund,... was found guilty on Thursday of engaging in what prosecutors called the most lucrative insider trading scheme in U.S. history. A federal jury in New York found Martoma guilty on all three of the conspiracy and securities fraud charges that he faced, over a scheme that allowed SAC Capital to make profits and avoid losses of $275 million.
Could firm up SodaStream's pricing.
With the Winter Games underway in Sochi, Google Inc. quietly but vibrantly added its voice Thursday to the chorus of U.S. companies speaking out against Russia's law restricting gay-rights activities... by updating its iconic search page logo to depict illustrations of athletes skiing, sledding, curling and skating against a rainbow-colored backdrop.
I often hear the popular notion that successful entrepreneurs are built from a single heroic insight or a single innovation. This is just plain wrong. The business world is a symphony of players and... elements that only works when everything interconnects harmoniously. Continuous innovation and continuous learning are required for any sustained connection and success.
Larry Ellison has huge, impressive plans for the Hawaiian island of Lanai, which he bought in 2012. It will become "a laboratory for building the next generation two-way power grid, which will be a... mix of photo-tech (solar), with a little bit of wind with a backup of liquefied natural gas," he told attendees at an event in Las Vegas Thursday evening. The island is a "special case" that can be used "to demonstrate that green energy can be economical," he explained. Ellison is CEO of Oracle and the event was held to talk about the company's HR cloud software. But in the Q&A session, he invited the audience to ask him "anything," and that was a part of the evening that he clearly relished. An Oracle employee and Hawaiian native stood up and asked about his long-term plans for Lanai. Since...
With the Winter Games underway in Sochi, Google Inc. quietly but vibrantly added its voice Thursday to the chorus of U.S. companies speaking out against Russia's law restricting gay-rights... activities…
The Obama administration is temporarily waiving sanctions on Iran's state broadcaster, a senior Obama administration official said late Thursday. The move could be seen as a confidence-building... measure as the U.S., Iran and five other world powers prepare to open talks this month on a final agreement on Iran's disputed nuclear program.
Bill Ackman continues to name names. The hedge-fund activist called out a second high-level Herbalife distributor on Thursday for alleged actions he claims create the company's pyramid scheme. The... distributor,...
Tim Cook gave an extended interview to the Wall Street Journal's Daisuke Wakabayashi. During the interview, he was asked again about Apple entering new product categories this year. On Apple's last... earnings call, Cook was asked if Apple was doing new product categories this year, and he said, "Absolutely." Wakabayashi tried to get more clarity on what that really means, Cook's answer ended up clouding the issue further. At first he said, "There will be new categories. We're not ready to talk about it, but we're working on some really great stuff." When he was pressed on whether that means new iterations of the iPad, or entirely new stuff that doesn't exist at all, Cook declined to comment. He just said that any "reasonable" person would consider what Apple is working on to be a new...
The conviction of Mathew Martoma will likely reinvigorate the government's probe on hedge-fund mogul Steve Cohen, a lawyer familiar with the billionaire's fund told The Post. Martoma, a former... portfolio...
Some high-end homeowners are shaving square footage off of their new homes. But nobody will accuse them of skimping on amenities.
(Reuters) - Apple Inc has repurchased $14 billion worth of its stock in the last two weeks after disappointing first-quarter results, the Wall Street Journal reported quoting Chief Executive Tim Cook.
A powerful group of state Democrats plans to unveil on Friday a $750 million plan to build new middle-income housing, an effort to revive the 1950s-era Mitchell Lama program.
Sony has announced it will be selling off it's PC division after disappointing earnings. CNN's Christine Romans reports.
Car makers have set their sites on India as the Delhi Auto Expo kicks off. CNN's Maggie Lake has more.
Asian markets were trading mixed after activity in China's services sector slowed
Many wealthy, successful Americans regale us with stories of how they worked their rears off to get to where they are. Living proof, they say, that hard work can propel you to heights you cannot... imagine.
Resolving domestic disputes between elephants and humans is an age old problem, but one not-for-profit organization based in Zambia thinks it may have a solution.
More police departments opt for SUVs instead of cars for patrolling
Google makes a run at Exxon for No. 2 valuable company, narrows gap with Apple.
US initial jobless claims raise hopes ahead of payrolls; Asian shares seen extending bounce on Thursday
By Andrea Shalal-Esa WASHINGTON, Feb 6
Apple has made a $14 billion acquisition ... of itself. CEO Tim Cook tells Daisuke Wakabayashi of Wall Street Journal that over the past two weeks, Apple has purchased $14 billion, or roughly 3%, of... its own shares. Cook says he was "surprised" by the drop in Apple's stock after its earnings, and he wanted to be "aggressive" and "opportunistic" with the buybacks. Cook said this buyback "means that we are really confident on what we are doing and what we plan to do." In general, big share buybacks like this send a signal that a company believes it's underpriced. Anonymous Apple analyst Sammy The Walrus IV pointed out on Twitter that this is the equivalent of Apple buying, "four Nests and a Motorola." Wakabayashi asked Cook if this was a sign Apple would shy away from making big...
A Maine supreme court justice says a cellphone company turned over more than 50,000 text messages in a divorce case in which a protection order was in place.
Strong investor appetite for high-yielding bonds and IPOs has enabled private-equity-owned companies to issue a new type of debt that can be repaid early if the borrower goes public.
A Maine supreme court justice says a cellphone company turned over more than 50,000 text messages in a divorce case in which a protection order was in place.
A job market that is far weaker than official statistics show and subdued inflation should make the Federal Reserve policy makers wary of withdrawing stimulus measures from the economy, said Eric S.... Rosengren, president of the Federal Reserve Bank of Boston.
A proposal by House Democrats to provide constitutional protection for the annual checks Alaskans receive for their share of state's oil wealth got a cool response Thursday from some majority members,... who worried it could limit lawmakers' options if the state falls on tough financial times.
A person familiar with the negotiations tells The Associated Press that reliever Fernando Rodney and the Seattle Mariners have agreed to a $14 million, two-year contract.
Rebalancing too often can hurt returns and be sure to take taxes and fees into account.
Damage to power station in shooting last year prompts worries over terrorism.Shooters armed with assault rifles and some knowledge of electrical utilities have prompted new worries on the... vulnerability of California's vast power grid.
The company earned $3.8 million, or 3 cents a share, down 67 percent from $11.5 million, or 10 cents a share, a year earlier.
NEW YORK (AP) -- A lawsuit challenging the security plan for the World Trade Center was dismissed Thursday, as a judge rejected nearby residents' arguments that a system of barriers would burden their... neighborhood with fortress-like security.
A cellphone company turned over more than 50,000 text messages in a divorce case in which a protection order was in place, violating federal privacy law, a state supreme court justice concluded.
The changes require that the companies meet so-called good manufacturing practices, which include testing for contamination from pathogens.
Lawmakers must find about $150 billion to pay for the proposal, which would replace a widely criticized system that limited annual increases in physicians' reimbursements. WASHINGTON — In a rare... bipartisan agreement, congressional leaders have settled on a plan to fix Medicare's system for paying physicians, potentially ending years of uncertainty that often held up fees for doctors who care for the nation's senior citizens.
American labor groups, airlines and pilots say Norwegian Air Shuttle's expansion plans take unfair advantage of a U.S.-Europe open-skies agreement.
Gov. Pat McCrory demanded Thursday that Duke Energy, his former employer, control a coal ash pond spill that has leaked contaminants into the Dan River for five days.
The move comes after state regulators complained that there could be holes in the coverage that Lyft and its competitors provide.SACRAMENTO — Ride-sharing company Lyft is improving its insurance... coverage for drivers and passengers after state regulators complained that there could be holes in the coverage that Lyft and its competitors provide.
The husband of former Arizona congresswoman Gabrielle Giffords, Mark Kelly, appeared before Oregon legislators on Thursday to speak in favor of expanded background checks for gun sales, as Republicans... contended the Democrat-proposed legislation is "political posturing" as Oregon's May primary nears.
Spending an estimated $1 billion to sponsor and advertise during the Olympics in Sochi, Russia, marketers hope that multiple issues threatening to overshadow the Games won't repel consumers.
LOS ANGELES (AP) -- Californians were urged to voluntarily cut their electricity use Thursday in a rare mid-winter conservation alert, after frigid weather across the U.S. and Canada caused a shortage... of natural gas at Southern California power plants.
The congressman says a meeting with Tribune executives fails to ease his worries that the L.A. Times and other papers would be hobbled financially after the spinoff.WASHINGTON — Rep. Henry A.... Waxman, after a 30-minute meeting with Tribune Co. Chief Executive Peter Liguori, said he still was concerned about the company's plans to spin off the Los Angeles Times and seven other newspapers into a separate unit.
Here’s a grown-up way to settle a long-standing border dispute FOR more than a century, Peru’s collective psyche has been scarred by its defeat in the War of the Pacific of 1879-83 and Chile’s... subsequent stalling in implementing the terms of a peace treaty. So when Peru’s government asked the International Court of Justice (ICJ) in The Hague to redraw the maritime boundary between the two countries, many Peruvians saw a chance to heal wounded national pride. In its long-awaited ruling on January 27th the court duly awarded Peru control of some 50,000 sq km of ocean but confirmed Chile’s hold over inshore waters rich in fish. The decision was arbitrary but broadly fair--less than Peru had hoped for, but less bad than Chile had feared. It offers both countries a chance to move on...
Want to improve customer service in your business? Braintree and Rackspace are two companies that understand how it should be done.
There's less congressional appetite for brinkmanship this time, but the government has only a few weeks' worth of cash left.
Norwegian Cruise Line brought its latest ship to Miami Thursday, with plans to christen the South Florida-themed vessel Friday.
Forget about the NSA and the phone networks. There's another secret network you should know about. I call it "special excess," though it's known in the telecom industry as "special access." You won't... hear about these secret wires. For example, when AT&T and Verizon tell us they are losing lines, the special access wires are not part of the accounting, even though they represent the majority of access lines in America. Or when you hear that local service is losing money, the secret is that much of the revenues from these "special" networks are not being added to that calculation and are hidden from sight. Some analysts estimate that they are overcharging the competitors and businesses that use these networks by more than $12 billion annually. Or worse, this network has obscene profit...
Following a 28% rise to all-time highs in 2013, the S&P 500 has fallen 4% in 2014. Naturally, everyone wants to know what is driving the sell-off. Ian Lyngen, a senior government bond strategist at... CRT Capital, relays the results of a survey of clients conducted this week that sought to answer this question. Respondents were pretty split in their views. "Our special questions asked if the recent risk sell-off vs. Treasury rally was a short-term profit-taking event or more thematic," says Lyngen. "40% said profit-taking with the balance, 60%, saying thematic." The chart shows what themes respondents perceive to be at work in the marketplace. "When asked what themes were at hand, we got the most votes for weakness in global markets — EM and China specifically cited — with 36% of the...
MONTPELIER, Vt. (AP) -- More than 200 Vermonters gathered at the Statehouse on Thursday to tell two Vermont Senate committees they want food containing genetically modified products to be labeled as... such.
Need a little help this Valentine's Day? Don't worry; PayPal has your back. The site is offering a free poem service just in time for the holiday, no creativity required on your part. You can chat... with a poet to give him or her a little information about yourself — poets are available to chat from 8 a.m. until 8 p.m. PT. Or if it's after hours (or you just don't feel like chatting), you can fill out a form with your name, email address, and a few tidbits about you and your loved one, to give the poet a frame of reference. When you're done, you can tip your poet, using a credit card or, of course, your PayPal account. All the tips go directly to one of the 12 poets who helped you out. And that's it! Your poem should arrive 24 to 48 hours later. If you're in the Bay Area, the poets will...
Several countries signed a pact to start replacing diesel generators, the most common means of producing electricity on islands, with other sources.
Unless you are on the DMV website, you could face a significantly higher total from firms licensed by the DMV to provide the same online services but with fees attached.Chester Specht recently went... online to renew his car registration. He Googled "DMV renewal" and clicked on the top listing.
More than 200 Vermonters gathered at the Statehouse on Thursday to tell two Vermont Senate committees they want food containing genetically modified products to be labeled as such.
Snowpack levels are about 15% of the season average. To draw skiers and snowboarders to the slopes, some resorts are offering two-for-one ticket deals and $1 beers.While the East Coast braces for... another series of frigid storms, California ski resort operators are cursing Mother Nature for a winter of unseasonably warm temperatures and persistent blue skies.
When the Olympic skier Steve Mahre remarried, he decided to build his own home on a bluff in Washington state; he bought a Caterpillar, drafted his family to help and poured the savings into deluxe... materials
Sony's restructuring move involving Vaio computers surprises some analysts. The firm plans to accelerate its shift to high-end TV models.Sony Corp., a struggling electronics maker trying to regain its... once stalwart status, is undertaking a major restructuring that includes the sale of its PC division, a spinoff of its TV business and layoffs of thousands of employees.
US President Barack Obama said Thursday that Vladimir Putin's bored, tough guy act was just a 'shtick' designed to boost his domestic political image. Obama and his Russian counterpart have become... known for stilted photo ops during bilateral meetings at various global summits, in which they stare straight ahead and share little warmth or sympathetic body language. But Obama said in excerpts of an interview with NBC, timed to coincide with the start of the Sochi Olympics, that appearances can be deceptive. He denied his relationship with his Russian president was "icy." "The truth of the matter is that when we are in meetings there are a lot of exchanges, there's a surprising amount of humor, and a lot of give and take," Obama said in the excerpts due to air later Thursday. "He's always...
GLENVIEW, Ill. (AP) -- Illinois Tool Works is selling its packaging division to The Carlyle Group for $3.2 billion and plans to use the money to buy back shares.
A complete ban on children in tanning beds won initial approval Thursday in the Colorado Legislature, where a House committee voted 6-5 to support a bill that would bar anyone under 18 from using the... devices.
Even before the start of the 2014 Winter Olympics, records were falling in Sochi. The Games will be the most expensive in history, projected to come in at a whopping 50 billion dollars -- 4 times more... than Russian President Vladimir Putin's original proposed price. To put the astronomical spending into perspective, the Russian Olympics could cost more than all the previous winter Olympics -- combined. Watch Vice news reporter Simon Ostrovsky go into Sochi to explore why these games are so outrageously expensive. "In Russia, corruption isn't really a side effect of big spending projects, it's the reason," Ostrovsky said. "So the Olympics are actually just a side effect of the corruption." Between the new infrastructures, venues, roads, the most expensive ski jump in the world, the biggest...
Vice President Joe Biden isn't happy with the state of American infrastructure. While giving a speech on the topic in Philadelphia, Biden said that New York's LaGuardia Airport is like a "third world... country" compared to more-modern airports such as Hong Kong International. "If I blindfolded someone and took him at two o'clock in the morning into the airport in Hong Kong and said, 'where do you think you are?'" the person would say "'This must be America, it's a modern airport.'" With that same scenario presented but at LaGuardia, Biden said the person would think "'I must be in some third-world country.'" Much of the focus of Biden's speech was on Amtrak, but his comments on LaGuardia came as he also stressed the importance of upgrading the nation's ports and airports, AP reports. NBC New...
Hundreds of new products were on display this week at the annual International Builders' Show in Las Vegas
A former legislator who reported Oregon's troubled health exchange to the FBI in 2012 says he has no proof of the allegations that federal officials were intentionally misled about progress in setting... up the exchange.
Eduardo Vivas is on a roll. On Thursday, LinkedIn announced that it was acquiring his startup, Bright.com, for $120 million. That would make Bright LinkedIn's biggest-ever acquisition, edging out... Slideshare, which LinkedIn bought for $119 million in 2012. For Vivas, it's a two-in-a-row home run, according to his bio on Bright.com. His previous startup, Social Hour, was bought in 2012 for $51.5 million by mobile game network PlayPhone, VentureBeat's Dean Takahashi reported at the time. Vivas had left Social Hour before the acquisition, in 2011, to start Bright.com with another serial founder, Steve Goodman. (Goodman founded PacketTrap, acquired by Quest Software; Lasso Logic acquired by SonicWALL – both now part of Dell; and Learning Productions acquired by SkillSoft.) We've reached out...
Interior designer Jaime Beriestain skillfully uses lighting to set a mood in a space; his work has attracted clients as diverse as hotels and a rock star to his Barcelona-based office.
Every four years, the Winter Olympics come around to give athletes all over the world a chance at sporting glory. Throughout the years, audiences have seen not only incredible athletic feats, but more... than a few mishaps, scandals, and tragedies. From the inspiring story of the 1988 Jamaican bobsled team (which inspired the film, "Cool Runnings) to the U.S.' "Forgotten Miracle" hockey win over Canada in the 1960 games, there's been no shortage of drama. With the 2014 Sochi Winter Olympics set to take off in the coming weeks, we take a look back at the iconic Olympic moments that have come before it. The first Winter Olympics were held in Chamonix, France in 1924. This is the U.S. team during the opening ceremonies. Eleven-year-old Sonja Henie stands with world champion figure skater...
Charles Schwab Corp. said Thursday it is planning to move about 1,000 jobs out of San Francisco over the next three to five years.
The Trulia Price Monitor and the Trulia Rent Monitor are the earliest leading indicators of how asking prices and rents are trending nationally and locally. They adjust for the changing mix of listed... homes and therefore show what's really happening to asking prices and rents. Because asking prices lead sales prices by approximately two or more months, the Monitors reveal trends before other price indexes do. With that, here's the scoop on where prices and rents are headed. Asking Prices Up 1.1% Month-over-Month in January In January, asking home prices rose 1.1% month-over-month, the largest monthly gain since June 2013. But the quarter-over-quarter price increase of 2.1% remains below spring 2013 levels, when asking prices accelerated at their fastest rate in the recovery. Year-over-year,...
Google debuted its latest "doodle" on Thursday evening, just one day before the Sochi Olympics opening ceremonies, and the company seems to be taking a stand against Russia's anti-gay "propaganda"... law. Featuring silhouettes of athletes above the letters, the coloring is the same pattern as the rainbow gay-pride flag. Clicking the image takes you to the search result of "Olympic Charter." The main point the company wants to make, it seems, is being against discrimination. Below the search box, Google has this text taken from the Olympic Charter: "The practice of sport is a human right. Every individual must have the possibility of practicing sport, without discrimination of any kind and in the Olympic spirit, which requires mutual understanding with a spirit of friendship, solidarity and...
Ventriloquist Terry Fator used his earnings after his 'America's Got Talent' success to buy a 7,500-square-foot, Mediterranean-style home for $1.5 million; the property gives a sense of privacy and... the feel of a Hawaiian retreat.
News Corp's fiscal second-quarter earnings rise 9% even as revenue slips 4% on weaker income from advertising and subscriptions.
Minnesota is probably the last place you would think of surfing, but a group of diehard surfers is making it happen on Lake Superior in the freezing winter, when the waves are biggest. Photographer... and Minnesota-native John Haynes captured the chilly scene last year and shared some photos here. Most surfers go out to Lake Superior to surf, two and half hours from Minneapolis. Picking which day to go is the trickiest part. In order for there to be good waves, there needs to be a very specific type of wind blowing, which usually happens around strong weather systems like snowstorms. The weather can be so unpredictable that surfers will see an ideal wind forecast the night before a trip and then wake up in the morning to find out that the wind changed and everything is calm. See the rest of...
Bonds have done their defensive job as stocks have tumbled. This turnabout from 2013 is a stark reminder that your investment portfolio should never become overly dependent on the new, new thing.
Lions Gate Entertainment Corp.'s holiday quarter results topped Wall Street forecasts, helped by the strong box office haul from "The Hunger Games: Catching Fire."
These highly groomed, highly expensive Long Island villages are experiencing a sales boom that is transforming many areas--even those north of the highway.
-- "Deep in my heart, I hungered for a mahogany man-killer who would avenge me on the slopes and forever banish my Winter Olympics-induced shame." -- "Law & Order, in contrast with CSI, tends to give... a pretty realistic portrayal of our technological capabilities."
Trulia's Chief Economist Jed Kolko releases a special edition of Trulia’s Price and Rent Monitors which looks at affordability in housing markets with local tech industries. Prices today are 82%... higher in tech hubs than in other large metros, but most of this gap existed before the modern Internet era. Furthermore, housing markets differ radically among tech hubs: the most affordable, Raleigh, costs one-fifth as much as San Francisco and has ten times as much new housing construction.
PARIS -- Sanofi, the French drug maker, said its earnings soared in the fourth quarter as lower restructuring costs offset a hefty charge related to one of its key multiple sclerosis treatments....
BOSTON (AP) -- The Massachusetts Senate has approved a bill that would make changes in the state's unemployment insurance system that supporters say will lower costs for businesses.
Economists expect the report for January to bounce back to recent norms after a big dip in December, but several factors complicate forecasting.
President Obama on Thursday rebutted the general perception that he has an "icy" relationship with Russian President Vladimir Putin. "He does have a public style where he likes to sit back and look a... little bored during the course of joint interviews. I think that's where some of these perceptions come up," Obama told NBC News in an interview airing Friday. "My sense is that's part of his shtick back home politically as wanting to look like the tough guy. U.S. politicians have a different style. We tend to smile once in a while."
LITTLE ROCK, Ark. (AP) -- Arkansas' plan for expanding Medicaid by buying private insurance policies for the poor instead of adding them to the rolls was heralded as a model for convincing more... Republican-leaning states to adopt a key part of President Barack Obama's health care overhaul. But now, as Republican lawmakers face election season and step up attacks on what they deride as Obamacare, the state that pioneered the private option is on the brink of abandoning it. The plan has lost two supporters in the Senate, leaving backers worried that they won't have enough votes to keep it alive after the Legislature convenes Monday. Rejecting the program could jeopardize the state's budget and reverberate through other states considering similar options for expanding Medicaid as the federal...
The media company's poor showing stems from costly films that underperformed and declining ratings for 'American Idol' and 'The X Factor.' Media company 21st Century Fox's fiscal second-quarter profit... dropped 12%, largely because big-ticket feature films landed with a thud at the box office and singing competitions on the Fox TV network have been hitting sour notes.
MONEY can buy many things: luxury, influence, security--and even time. How frustrating, then, to be vastly rich but never quite to get what you want. Such is the dilemma faced by the world's richest... family, the Al Sauds of Saudi Arabia. Their kingdom has sold the rest of the world around $1 trillion-worth of oil in the past three years alone, accumulating a hoard of sovereign assets nearly as big as its GDP of $745 billion. Immense new investments in infrastructure, industry, health care and education are spreading that wealth by the shovelful. A new underground-railway system for the capital, Riyadh, is to be dug, not one line at a time but all at once, with six full lines due to open by 2018. And this is just one rail project among many. The kingdom is to spend around $30 billion on mass...
Baptist Health South Florida and Bethesda Health in Palm Beach County have agreed to explore potential affiliations.
ABC News' Rebecca Jarvis and Eric Noll report: Todd Gibbons may look like an ordinary shopper but he's not. He walks the aisles of stores, snapping photographs of shampoo bottles, laundry detergent... and hair dye -- and he gets paid to do so. Gibbons is...
Senate Minority Leader Mitch McConnell's (R-KY) job approval rating is almost the same as President Barack Obama's in Kentucky, a new poll found. The Herald-Leader/WKYT Bluegross poll released... Thursday evening found 32 percent of those surveyed said they approve of McConnell's job performance while 60 percent said they disapproved of the job the top Senate Republican has done. That rating is almost the same as Obama's approval rating in the state, which is 34 percent and his disapproval is about 60 percent.
The New Mexico Supreme Thursday upheld a tribal cultural designation that protects hundreds of thousands of acres on Mount Taylor.
SAN FRANCISCO (AP) -- LinkedIn finished last year with a strong showing, but the online professional networking service rattled already jittery investors by indicating its performance will weaken this... year as management ramps up spending while revenue growth slows.
The Massachusetts Senate has approved a bill that would make changes in the state's unemployment insurance system that supporters say will lower costs for businesses.
World Cup organizers say there is a need to increase the number of workers at the delayed stadium in danger of being dropped from soccer's showcase event in June.
So, once again, AOL CEO Tim Armstrong is having a rough day because of something he said on a conference call with thousands of employees. In August, Armstrong got in hot water for firing an employee... during a conference call. Today, in another conference call with lots of employees, it sounded like Armstrong was cutting a benefit and blaming it all on Obamacare and two little babies. But that's not what he meant to say, according to sources close to senior management. Here's the story as those sources see it. Last October, AOL human resources toured the company giving a presentation on how benefits would change in the new year. About 75% of AOL employees attended these sessions. During the sessions, which included online videos and town halls, HR told employees that AOL was changing the...
Magazine industry auditors say that total average U.S. circulation for 386 magazines fell 1.7 percent in the final six months of the year to 284.9 million.
DETROIT (AP) -- A group of scientists at Michigan State University huddled around a computer screen earlier this week -- not poring over scientific data but watching a webcast of the U.S. Senate.... Among them was Rufus Isaacs, an entomologist who leads a team of U.S. and Canadian scientists working to enhance bee pollination of crops. Isaacs was anxious to see if the Senate would approve the long-delayed farm bill, and with it continue the $8.6 million federal grant critical to his pollen project's survival. The Senate passed the legislation and Congress sent it to President Barack Obama, who is expected to sign the bill Friday on Isaacs' campus in East Lansing. "It was a great relief and celebration in my lab," Isaacs said of the rare moment when pollen took a backseat to politics. "It's...
Gaming the H-1B: A shady network of interconnected tech staffing companies in Virginia is preying on foreign graduates desperate for American work visas. Just days after Vishrut Kanoria graduated from... a top American university on the East Coast this year, he thought he hit the job jackpot. The 22-year-old economics major, who had moved to the U.S. from India in 2009 on a student visa, knew he had to find a job at a company that would sponsor him for a work visa--or he'd be forced to move back to Bangalore. He found Concepts Information Technology Inc., a tech staffing company that provides IT industry professionals to larger businesses, through his school's on-campus recruitment program. While many of his friends struggled to find employment, Kanoria packed up his stuff and drove four...
Charles Shrem is a charismatic salesman who thinks Bitcoin can transform the future, but his digital vision collided with the real world, and now his own future is in jeopardy.
(Reuters) - News Corp, publisher of the Wall Street Journal, reported a 4 percent decline in quarterly revenue on weaker advertising at its newspapers, but cost cuts helped push profit well ahead of... analysts forecasts.
Republicans in the House of Representatives are in disarray over what to do about paying the nations bills, with the deadline looming and the party divided on whether to demand concessions from... the White House in return for raising the borrowing authority needed to fund the government.
ARLINGTON HEIGHTS, Ill. (AP) -- Magazine industry auditors say that total average U.S. circulation for 386 magazines fell 1.7 percent in the final six months of the year to 284.9 million.
NEW YORK (AP) -- NBC comes close to gold in delivering the Winter Olympics online from Sochi, Russia.
A federal judge on Thursday restricted the release of documents obtained by the prosecution and defense in the corruption trial of former Virginia Gov. Bob McDonnell (R) and his wife Maureen... McDonnell, the Richmond Times-Dispatch reported. The McDonnells were charged in January for illegally accepting gifts from a political donor.
The Daily Mirror in the United Kingdom has taken note of David Beckham’s love for Miami.
Shares of Eleven Biotherapeutics Inc. advanced 8.5 percent in their opening day of trading on the Nasdaq stock exchange Thursday after the Cambridge-based developer of protein drugs to treat eye... diseases raised $50 million in an initial public offering.
Vermont lawmakers balked Thursday at a demand from the office of the U.S. trade representative to conduct secret talks over the impacts of a proposed international trade agreement.
By Douwe Miedema WASHINGTON, Feb 6
If you live in New York City, it might not be long until you come across an interesting and kinda creepy sign of the times. According to a new report from VentureBeat, the New York Police Department... is currently testing out the "Explorer" edition of Google's Glass headset. The company claims that it is not directly cooperating with the tests and that the headsets were acquired through the same "Explorer" process that everyone else has to go through. While this isn't the first case of Google Glass being tested for public service — one of Google's examples of the kind of people testing its headset is a firefighter in North Carolina, and a police force in Georgia already ran a trial with it last year — neither of the previous cases have the tech-savvy reputation of the NYPD. This is...
The IRS offer in compromise program has been around for decades. In theory, the program serves the best interests of all concerned,
This sounds like an April Fool's joke but isn't. The military's tech research organization, DARPA, wants to invent a network of computers, sensors and other devices that will vanish on command. By... vanish, they mean press a button and the thing goes "poof," with every component turning itself into dust, preferably biodegradable dust. Alternatively the network should be able to self destruct after so many hours or at a specific time. DARPA just awarded a $3.5 million contract to IBM to try and invent it. DARPA calls the technology "Vanishing Programmable Resources" or "VAPR," which means those in the tech industry can't help calling it "VAPR ware," like ZDNet's Liam Tung, who first spotted this story. Vaporware is a term techies use to describe a product a tech company has announced but not...
If you want the best English pale ale, go to England. If you want a perfect glass of sake, go to Japan. And if you want a mouthwatering pint of any other kind of beer, your best bet might be the... Midwest. In the last few days, RateBeer.com has released awards for the world's best beers, brewers, retailers and new releases, compiled from 2013 reviews of more than 240,000 beers from over 16,000 brewers worldwide. What might surprise some is how well beers from Michigan, Wisconsin and other Midwest locales fared. Of RateBeer's awards for the best beer in the world in each of 21 styles, Midwestern brews won quite a few, including best IPA, stout, amber ale, sour and top beer in the country. Many of the winning brewers -- like Bell's Brewery, Rogue Ales or Hair of the Dog Brewing Company --...
Reputation is everything. That's especially true in America, a country where tourists spend $166 billion annually, lured by the image of the American lifestyle, according to The Atlantic. But what... is the image we have of our own biggest cities? Real estate listing site Movoto wanted to find out. They enlisted the help of marketing agency Fractl to conduct an online survey that got more than 13,000 responses from across the nation. The survey presented people online with one of the 16 biggest cities in America, based on population density, and asked a range of questions about their perceptions of that city — from how clean they thought the city was to how easy they thought it would be to "get laid" there. Respondents ranked cities on a scale of 1 to 4, and the cities with the...
Treasury moves against companies, individuals aiding Iran.
The iconic comedian speaks with HBR's Adi Ignatius about work, life, and, yes, comedy.
It would be easier to sympathize with rich tech entrepreneurs who don't want to be criticized simply because they are successful if they weren't also actively trying to make their workers poorer. I'm... referring, of course, to Tom Perkins, the founder of venture capital fund Kleiner Perkins Caufield & Byers, who said recently that progressives are waging a "war on the American 1 percent" that had parallels to "fascist Nazi Germany." Perkins' company famously backed both Google and Intuit. Both those companies have been sued by the Department of Justice in a class-action lawsuit that alleges they conspired to suppress the salaries of their staff by agreeing not to recruit from each other's companies — thus reducing price competition. (Perkins himself isn't accused of having any link to the...
NEW YORK (AP) -- The stock market had its best day this year, nearly erasing the steep losses from early this week.
Advanced Capital Securities, a Latin American investment bank based in Miami, said it has acquired Latmark Asset Management, a Miami-based boutique investment firm.
NEW YORK (AP) -- The Associated Press named broadcast executive David Gwizdowski as its senior vice president responsible for revenue in the Americas and promoted Karen Kaiser to senior vice... president, general counsel and corporate secretary.
Horse-drawn carriage rides may evoke a bygone era, but they could soon be history on the streets of Chicago. Powerful long-time Chicago Alderman Ed Burke (14th) introduced a proposal Wednesday that... would stop the city from renewing licenses for horse-drawn carriages, which would effectively end the practice on the city's streets. "They're a nuisance, they're a traffic hazard, it's cruel to the animals, and we should be able to beat New York City to the punch," Burke said, according to the Tribune. The debate over horse-drawn carriages reached new heights in recent months after then-New York City mayoral candidate Bill de Blasio vowed to banish the practice "within the first week on the job." De Blasio's ban, which stalled in NYC Tuesday, was cheered by animal welfare activists but jeered...
Social Insider is a daily newsletter from BI Intelligence delivered first thing every morning exclusively to BI Intelligence subscribers. Sign up for a free trial of BI Intelligence today.... TWITTER'S FOURTH QUARTER: Twitter posted strong financials for the fourth quarter of 2013, but analysts are concerned about slow user growth and declining engagement on the social network. Ad revenue in the fourth quarter reached $220 million, up 44% from the previous quarter. Twitter averaged 241 million monthly active users in the fourth quarter, which is an increase of just 4% from the previous quarter and 30% over the fourth quarter of 2012. The total number of times users viewed their timeline (Twitter's news feed and core product) declined from the previous quarter for the first time...
New commercial satellite imagery hints that North Korea is almost done building a tower capable of launching long-range missiles — probably, further than the ones they've already launched into... space, reports 38 North, the blog of U.S.-Korea Institute at SAIS. The tower, located at the Sohae Satellite Launching Station in the North Pyongan Province, now has an eleventh level which gives North Korean the ability to fire a 164-foot missile — if desired. Back in 2012, North Korea raised eyebrows after the launch of a Unha-3 space launch vehicle (SLV).Claiming the launch was necessary to put an earth-monitoring satellite into orbit and therefore, justified the launch as peaceful, and purely scientific. Soon after, the United Nations imposed new sanctions on Pyongyang, in efforts...
The number of new claims for unemployment benefits fell more than expected last week, but the trade deficit widened by 12 percent in December.
DETROIT (AP) -- A group of scientists at Michigan State University huddled around a computer screen earlier this week -- not poring over scientific data but watching a webcast of the U.S. Senate....
The most-played PC game in the world isn't the Sims or SimCity or even World of Warcraft. It's League of Legends, and it's a lot of fun. Part of this game's success is that players can compete in... tournaments against other players from around the world. At the 2013 championships, the top two teams gathered in front of thousands at the Staples Center in Los Angeles. A team from Korea, called SK Telecom T1, took home the $1 million prize. In 2013, it had 70 million registered users, up from 15 million in 2010, according to IGN. And of those 70 million registered users, it had 32.5 million active users. Together, they played a massive 1.3 billion hours each month. The company's success comes in part due to its business model: It doesn't charge people to play. Once you're in the game, however,...
Jeremy Grantham, whose GMO LLC investment firm manages $117 billion in assets, says the Great American Shale Boom is a dangerous waste of time and money. Grantham, who started his career as an... economist at Shell, recently contemplated attending an anti-Keystone Pipeline demonstration in front of the White House. In his new letter to clients, Grantham explains why any country, from the U.S. to China, still going down the path of developing fossil fuels is walking into a trap. First, he argues we are overstating the benefits of switching to natural gas: “Fracking gas,” like all natural gas, is basically methane. Methane unfortunately is an even more potent greenhouse gas than CO2: at an interval of 100 years it is now estimated to be 32 times as bad, and at 20 years to be 72 times...
MISSOULA, Mont. (AP) -- The University of Montana and other schools have lifted lockdowns prompted by the armed robbery of two Missoula businesses Thursday morning, but the suspect remains at large,... police said.
WASHINGTON (AP) -- Four years after a powerful earthquake devastated Haiti, President Barack Obama on Thursday praised the rebound taking place in the impoverished Caribbean nation but said there is... more work to be done. He pledged that America will remain a partner in that process.
Glenview-based Illinois Tool Works has agreed to sell its industrial packaging segment to the Carlyle Group, a private equity firm, for $3.2 billion.
As parents we tell our children that the key to success and prosperity lies in a good education. We feel we have to. Why? Thirty-five years of globalization and technological revolution have resulted... in a rapid decline of the manufacturing and blue-collar jobs that were once the backbone of our economy. These were union jobs that offered good wages, superb health benefits and the security of a pension at retirement. But those jobs are vanishing. With that in mind, we needed our kids to get a college degree so they could find skilled work that paid well. The state of organized labor in America is changing. And it's not looking good. Now, millions of un- and underemployed graduates have discovered that a college degree doesn't guarantee a good job. Coupled with the extraordinary spike in...
What do the brands like Coca-Cola, Dove, Subaru, MTV, Proctor and Gamble, American Express and Saint Laurent Paris have in common? Though they span various industries, they share one major... commonality: They've nurtured their brand through content marketing and have ended up on top. Brands today face an existential crisis. Nearly 250 retail brands have gone out of business in the last five years according to Retail Research. In my opinion, this comes down to two concepts: time-ignorant promotion or time-ignorant product. Now is the time to call for marketing reform. We, as marketers, are responsible for not having a time-ignorant promotion. Our industry needs to lessen their traditional marketing budget and spend time, energy and money where our customers live: online. Developing a brand is...
HARTFORD, Conn. (AP) -- The chief financial officer of United Technologies Corp. declined to comment Thursday about a report that the conglomerate could sell or spin off Sikorsky, but said the... helicopter maker has a "very bright future."
FA Insights is a daily newsletter from Business Insider that delivers the top news and commentary for financial advisors. The Fallacy Of Buying Individual Bonds Over Bond Funds (Morningstar) Many... investors think they will be protected in the event of interest-rate rises if they buy individual bonds (and hold them to maturity) over bond funds. But Sam Lee, a strategist and editor of Morningstar ETFInvestor, thinks this is "absolutely false": "If you buy an individual bond and interest rates rise, the market price of that bond will fall. And just because you ignore the market price doesn't change that fact. When you invest in a bond when interest rates are low, you basically have locked in a stream of payments at that low interest rate. When interest rates rise, you can now actually get same...
The stock market had its best day of the year Thursday following encouraging news on the U.S. job market and solid earnings from Disney and other companies. The gains nearly erased steep losses from... early in the week.
Mobile Insights is a daily newsletter from BI Intelligence delivered first thing every morning exclusively to BI Intelligence subscribers. Sign up for a free trial of BI Intelligence today. MORE... MOBILE DOLLARS: Yesterday was a big day for mobile numbers, as some of the biggest companies on the consumer Internet announced their results for the last three months of 2013. Twitter said mobile accounted for more than 75% of the company's total ad revenue. At Internet music service Pandora, revenue per thousand listener hours on mobile and other connected devices showed steady improvement, jumping more than 10$ year-over-year to $34.98. Meanwhile, Yelp reported 53 million unique visitors on its mobile apps and mobile websites in the fourth quarter and said about 30% of its reviews were...
E-commerce technology company ChannelAdvisor posted a 28 percent jump in revenue in the fourth quarter as the company continued to add customers and boost average sales per customer.
The topic of a growing generation gap is like the tide at the beach -- it comes in, it goes out. But everyone now and then the waves get a little rough. We seem to be experiencing one of those rough... periods right now. During the past few days, I've received a multitude of email notifications and print publications about tension in the workplace caused by the co-existence of four generations working side by side. Differing opinions and attitudes between older and younger generations is hardly new. But never in our history have there been four and soon to be five generations working together. Thanks to a quality of life now extending for many people into their 80s and even 90s, great-great-grandparents are supervising and are often times being supervised by workers 60 or more years younger....
Today, Google spends hundreds of millions of dollars on space, power, and bandwidth for its hundreds of thousands of servers hosted in its own data centers. But Google's infrastructure wasn't always... so vast.
LITTLE ROCK, Ark. (AP) -- Arkansas' plan for expanding Medicaid by buying private insurance policies for the poor instead of adding them to the rolls was heralded as a model for convincing more... Republican-leaning states to adopt a key part of President Barack Obama's health care overhaul.
NEW YORK (AP) -- News Corp., the publishing company controlled by Rupert Murdoch, reported second-quarter earnings that exceeded Wall Street forecasts while revenue declined as expected, reflecting... slower advertising sales.
The life for a manager inside an organization has an unrelenting pace, with very few occasions where there is uninterrupted time. As a result, relationship building and development opportunities may... fall by the wayside.
"Cool Runnings" is one of the most popular Olympics movies of the past few decades, and it's mostly made up. It's based on a true story, but a member of the unlikely Jamaican bobsled team that... inspired the popular Disney film says it's largely fiction. Dudley "Tal" Stokes, who was on the 1988 Olympic team that inspired "Cool Runnings," took to Reddit in October to set the record straight about what the movie got wrong. "It's a feature Disney film, not much in it actually happened in real life," Stokes said on Reddit. "Cool Runnings" has a cast of fictional characters who don't bear much resemblance to the real-life Jamaican bobsledders. The Jamaican bobsled team that competed at the 1988 Winter Olympics in Calgary, Canada was not composed of track sprinters, as the movie might lead you to...
Home or away, Expedia investors will sleep soundly tonight.
DEERFIELD, Ill. (AP) -- Mondelez International Inc., the maker of Oreo cookies and Ritz crackers, said Thursday that it will close a Philadelphia bakery by 2015 as part of a plan to restructure its... supply chain and save money.
Former SAC Capital Advisors fund manager Mathew Martoma was found guilty Thursday in the most lucrative insider trading scheme ever as federal prosecutors racked up a seventh conviction in their…
LinkedIn Corp. shares fall, continuing the theme of volatile Internet-based company earnings this season, as the outlook falls short of Wall Street estimates.
Jon Shafeei, a former mechanic who runs half marathons and lifts weights regularly, had a hard time doing a 30-minute circuit training routine at a 9Round fitness and kickboxing gym.
America's most famous load of yogurt -- a shipment intended to feed U.S. Olympians in Sochi, but blocked by Russian authorities -- remained in storage in New Jersey on Thursday, despite the best... efforts of a senator and the Department of Agriculture to spring it loose.
LinkedIn announced its Q4 earnings. The stock is tanking in after-hours trading, and has been down as much as 10%. Here's what the company delivered: Revenue: $447.2 million vs. $437.84 million... expected Earnings per share: $0.39 vs. $0.38 expected LinkedIn now has 277 million members. The revenue is up 47% compared to $303.6 million in for the same quarter in 2012. LinkedIn also announced that it has signed an agreement to buy a company called Bright, which helps connect job seekers with employers. The transaction is valued at approximately $120 million. Here's a chart of LinkedIn's revenues: Business Insider Intelligence made this chart of LinkedIn's revenue sources: Here's a look at LinkedIn's member and unique visitor growth: Here's a chart of LinkedIn's engagement: Join the...
NEW YORK (AP) -- The Associated Press is naming broadcast executive David Gwizdowski as its senior vice president responsible for revenue in the Americas region and promoting Karen Kaiser to senior... vice president, general counsel and corporate secretary.
As a marketer, I am always thinking about ways to do something different. An example of this is when I review materials online or offline. I often think about ways to enhance the message through a... re-design, new imagery, new font styles, and re-writing the editorial message to make it fresh. You would be surprised at how simple changes can make a huge difference. Now you are probably thinking, If I where to do this, where do I start? Here are a few tips to help you think a little different and kick start your next new idea. This idea can be used with print material and can even be adapted to websites and graphic design usage. 1. Start gathering print samples from anywhere. It really doesn't matter. Weed out the yucky ones and keep the ones that capture your interest. 2. Make note of which...
On Tuesday, the National Institutes of Health announced a partnership of breathtaking scope. Ten drug companies had agreed to collaborate on curing four of the world's most devastating diseases, which... will affect millions of people in the coming years and have proven largely resistant to cures: Alzheimer's, Type 2 diabetes, lupus and rheumatoid arthritis.
GMO's Jeremy Grantham just put out his latest quarterly newsletter to GMO clients. And in it he has some high praise for Tesla. In a section titled "Fossil Fuels: Is Tesla a Tease or a Triumph?" he... writes that he recently took a drive in Tesla and it was his "#1 car experience ever." From Grantham: "I recently took a drive in a GMO colleague’s Tesla from New York to Boston. Now, I am about as far from a car freak as you will easily find. I just turned in a 12-year-old Volvo that unfortunately had been sideswiped, for otherwise it was good for years more. But I have to say that my recent Tesla journey was my #1 car experience ever. "Three years ago I test drove a Tesla in Boston and it was a tinny, rattly, super-expensive toy. Its battery alone cost $50,000! Last month, its chief...
Connected TVs are on pace to take over the television viewing experience. There will be more than 759 million televisions connected to the Internet worldwide by 2018, more than double 2013's number,... according to Digital TV Research. The first wave of connected TVs, called "Web TVs," failed because they assumed that people would use their televisions as a computer, by browsing the Internet and reading email. Now, a new generation of Internet-enabled TVs is succeeding. These connected televisions enhance the everyday experience of watching television by offering a better viewing experience for your favorite programs and movies, as well as an alternative way to interact with music and photos. In a new report from BI Intelligence, we dissect the connected TV landscape, analyzing the factors,...
Soybean prices edged higher on Thursday as U.S. export sales increased. Corn and wheat prices were down, while coffee futures fell sharply.
NEW YORK (AP) -- The price of oil rose Thursday as a positive report on the U.S. labor market and more cold temperatures boosted expectations of higher demand for fuel.
The chief financial officer of United Technologies Corp. declined to comment Thursday about a report that the conglomerate could sell or spin off Sikorsky, but said the helicopter maker has a "very... bright future."
New Hampshire lawmakers reached a deal Thursday to make their state the latest to expand Medicaid under Obamacare. The Associated Press reported that the Republican and Democratic state Senate leaders... announced the decision. The state plans to adopt a privatized version of the expansion, using Medicaid dollars to pay for residents to buy private coverage on HealthCare.gov. The Obama administration has already allowed Arkansas to adopt the same proposal.
The financial talk, that is. Millennials are better at discussing their finances with significant others than older people in relationships, according to a new study from NerdWallet. Young people... between the ages of 25 and 29 are more likely to talk about important financial issues with their partners and to prioritize this conversation before moving in together. From a survey of 544 never-married adults, personal finance site NerdWallet found that 98% of millennial respondents said they had discussed finances at some point in their lives. That far exceeded the 13% of respondents ages 30 to 44 who said they have never discussed money at all. "The emphasis on money varies with age and circumstances," Anisha Sekar, a credit card analyst at NerdWallet, said in a release. "Millennials may want...
DAYTONA BEACH, Fla. (AP) -- Toyota Motor Corp. on Thursday became the first company to land a naming rights deal at the revamped Daytona International Speedway.
A roundup of the latest corporate earnings reports and what companies are saying about future quarters.
The professional social network doused any excitement about its financial results with a lower than expected guidance for the first quarter, due to increased spending on growth and pledges that it... will be "investing aggressively" sparking fears that it is facing slower growth.
A high level of short interest in Green Mountain shares is likely contributing to a rally in the company's shares. This short squeeze is likely painful for hedge fund manager David Einhorn, who has... been shorting and criticizing the company for over two years.
AOL is changing the way it matches employee contributions to their 4o1(k)s. Instead of contributing through the year, AOL will now contribute a lump sum at the end of the year. This upset employees,... who describe the move as a pay cut. This morning, AOL CEO Tim Armstrong got on a conference call to explain the move. He said that AOL healthcare costs were up and that the company had to figure out how to pay for them somehow. In an attempt to describe how expensive employee healthcare can be, Armstrong said that in 2012 AOL paid $2 million to keep alive two "distressed" babies born from AOL employees. This explanation angered lots of AOL employees. So Armstrong just sent out this memo: AOLers - As we discussed at the town hall, we care about you and the company – a lot. This morning, I...