American Business News for 12 Jun 2015
Starting in the wee hours of June 12, hundreds of thousands of fans are expected to binge-watch Season 3 of Netflix's original production "Orange is the New Black."
Basketball's Shaquille O'Neal is taking his talents to a new court: The brokerage business
LeBron James was bloodied during Game 4 of the NBA Finals when he fell out of bounds and collided with a television camera. The incident came late in the second quarter when James drove to the basket... and received a hard foul from Andrew Bogut. James was bleeding from the head and a close up showed the how extensive the damage was. Amazingly, they were able to stop the bleeding very quickly and he stayed in the game to take the free throws, making one. After halftime, ABC reported that LeBron did not receive stitches, but did have wound glued. Join the conversation about this story » NOW WATCH: How LeBron James spends his money
Although many homes remain underwater in Detroit due to a slower housing recovery, a lot of great things are happening in Motor City -- and residents are more hopeful than they’ve been in years.
Here's what hyperinflation can do to your money
NEW YORK (TheStreet) -- Shares of Axovant Sciences were down 8.43% to $27.38 in mid-morning trading Friday, shedding its gains of more than 99% from its initial public offering debut yesterday.... Biotech firm Axovant priced 21 million shares at $15 per share on the New York Stock Exchange, raising $315 million and becoming the largest biotech IPO based on the amount raised, according to Renaissance Capital. TheStreet's Jim Cramer, Portfolio Manager of the Action Alerts PLUS Charitable Trust Portfolio interviewed Axon president and CEO Vivek Ramaswamy in his "Executive Decision" segment on CNBC's Mad Money last night. Cramer noted the company has just one drug in the pipeline, its RVT-101. The drug, which it acquired from GlaxoSmithKline , is an orally administered therapy designed to...
A U.S. appeals court denies a telecom industry request for a stay of the Federal Communications Commission's new net neutrality rules, clearing the way for them to go into effect Friday.
Dick Costolo is resigning with only an interim replacement to take the reins. He tells why
The Disneyland Resort, Orange County's largest employer, is responsible for more than $5.7 billion in annual economic activity throughout Southern California, supporting 28,000 regional jobs,... according to an independent economic study released Thursday.
Google is doing much more than providing the most popular search engine in the world. With plenty of money to throw around, Google encourages "moonshot" ideas, which are developed using their Google X... and Google ATAP labs. Here are some of the biggest and best projects they are working on. Produced by Justin Gmoser Follow BI Video: On Facebook Join the conversation about this story »
Congratulations on making it to another casual Friday in your casual office! We understand this is your time to push the envelope with professional style, and we want you to look great. With the heat... on, you may be eying your shorts in the morning, wondering if you can make that move, questioning if you'll instantly become "that guy who wore shorts that one time." Here's how to bare your legs at your nine-to-five without losing your dignity. Be Absolutely Sure Around this time of year, a lot of companies will send out memos regarding office dress codes. These will sometimes have a bolded line from your human resources coordinator that's explicit about what's up below the waist. Obviously, if it says no shorts, you can stop reading now. Don't break the HR law. If it's not explicitly spelled...
Alki David, the Greek Coca Cola bottling heir who has earned the title of "bad boy billionaire," is tired of his Italian-style villa in Beverly Hills. The listing says the price is available on... request, but The Los Angeles Times reports that David is asking $35 million for the property. The two-story home packs six bedrooms, 11 bathrooms, and more sitting rooms than you can count. Marc Noah of Sotheby's International Real Estate has the listing. An Italian-style villa with 16,000 square feet of living space is now for sale in Beverly Hills. The mansion is listed for a reported $35 million and comes with a private gated driveway. As you enter the grand foyer, a horse sculpture greets you. (The house has various horse-themed rooms.) See the rest of the story at Business Insider
Claire's, the mall staple and prolific ear piercer, has in its sprawling Hoffman Estates headquarters a "wall of fame" with the celebrities who have trusted it with their earlobes.
Note: Mild spoilers ahead. If you've binged at least halfway through Netflix's newly released third season of "Orange Is the New Black," then you've probably noticed an attractive new inmate with eyes... for Piper (Taylor Schilling). In her first big role, 29-year-old Australia native Ruby Rose plays mysterious new inmate, Stella Carlin. "Stella is sort of an androgynous, cool, charismatic, and charming girl who I think also is pretty gender-fluid," Rose told EW. She also may play a role in creating friction between Piper and her on-and-off girlfriend, Alex (Laura Prepon) "She definitely causes some waves," added the model-turned-actress. A relative newcomer to acting, especially on this side of the world, Business Insider rounded up some information about the up and comer. Here's six things...
Remaining flexible is one of the most important traits a leader can possess--especially today.
Google is taking a shot across the bow at Twitch and Amazon with YouTube Gaming.
NEW YORK (TheStreet) -- Stocks hovered at session lows by midday Friday, following Europe lower as Greece's debt woes continued with no sign of progress in negotiations with the country's creditors.... Energy was the worst-performing sector after crude oil fell below $60 a barrel. The S&P 500 was down 0.66%, the Dow Jones Industrial Average slipped 0.81%, or 147 points, and the Nasdaq declined 0.58%. Germany's DAX closed down 1.2%, France's CAC 40 slid 1.5%, and the FTSE 100 in London fell 0.9%. Germany is planning for the possibility of a Greek exit from the euro, according to a German tabloid, after technical talks between the debt-ravaged nation and the International Monetary Fund broke down on Thursday. Germany is reportedly taking precautionary preparations such as capital controls...
Kansas Gov. Sam Brownback (R) "choked up" during a private meeting with Kansas House Republicans over discussions on closing the state's $400 million budget deficit.
NEW YORK (TheStreet) --Japanese broker Daiwa lowered its price target on Alibaba Group to $103 per share from $1.05 per share, Barron's reports. Daiwa is the latest in a string of firms that have... reduced their price targets on the China-based online and mobile commerce and cloud computing services company. Daiwa cited margin pressure from the heavy investment the company has made in its business are its reason for the price target drop. "We continue to expect Alibaba's investment in content creation, traffic acquisition, and O2O service promotion to weigh on its EBITDA margin. On the other hand, such investment is vital to ensure user engagement and retention, in our view," Daiwa said in an analyst note, Barron's noted. Shares of Alibaba are lower by 0.70% to $86.60 in early afternoon...
He could give 'hashtags' a whole new meaning
In some cases, victims are out thousands of dollars.
Jack Dorsey refused on Friday to say whether he would stay on permanently as Twitter's chief executive. The company's chairman and co-founder -- who will take over as interim CEO on July 1 when Dick... Costolo steps down -- dodged questions about whether he would consider keeping the job. "I'm not going to answer that question because it's not what I'm focused on," he said during an appearance on CNBC's "Squawk Box." "My job is to make sure we continue without cadence and amplify." Dorsey, who served as the first of Twitter's three CEOs so far, already holds the top spot at Square, a mobile payment company he founded in 2009. When Twitter announced on Thursday that Costolo -- pilloried by investors over the company's weak financial performance and slowing user growth -- would move into a...
Uber is looking to invest more than $1 billion in China this year, according to an email from CEO Travis Kalanick to investors. Since making its way to China last year, Uber has grown exponentially in... cities like Hangzhou and Chengdu. In fact, during its first nine months in China, the ride-hailing company brought in more than 400 times as many rides as it did in during its first nine months in New York. These numbers come from an email to investors sent by Uber CEO Travis Kalanick, which the Financial Times published Friday morning. Read Full Story
Digital authenticity trumps the celebrity shill.
Child labor is officially on the decline worldwide, but the issue is hardly abating in India. Friday marks World Day Against Child Labor, and activists hope the awareness event will move supporters to... take action in areas where kids are most vulnerable to getting exploited. Advocates are playing particularly close attention to India, where some forms of child labor were recently legalized and rates are skyrocketing in urban regions. According to UNICEF, an estimated 28 million children in India between the ages of 5 and 14 engage in work. But activists fear that those numbers could jump even higher after an amendment passed last month loosened the restrictions on the Child Labour Prohibition Act, The India Times reported. The amendment allows children to work in "family enterprises" after...