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Business News

Location American Business News for 24 September 2012

$1.5 Million Offered for Stolen Art

ABC News - 24 Sep 2012 23:57
Wealthy investor Jeffrey Gundlach, a victim of one of the largest home heists that ever took place in Santa Monica, Calif., announced a reward of $1.7 million for the stolen art to be returned undamaged.
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Ready for fall shopping? Get a kickstart, courtesy of our friends at the trendy shoe company Naughty Monkey, who are giving away a $100 gift certificate to their store! Enter to win on our Facebook page. 
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Groupon this morning announced a deal to acquire Savored, an online restaurant reservation service.
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Facebook stock plunges as doubts rise again

USA Today - 24 Sep 2012 21:52
Facebook shares remain 44% below IPO price; bears suggest stock could fall to $15.
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As long as there has been a Wall Street, there have been those seeking to skim a little (or a lot) off the top of the vast wealth changing hands in the markets each day. Though capital markets in America are by and large...
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A positive review for the iPhone 5, China's tantrums, and the sexiest bus commercial ever made. Do you understand how the health care overhaul will affect your business?
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Whether you're starting up or spinning out, employment rules can be very complex. Here's what you need to knowKey among the things to be addressed when launching a social enterprise is staffing. A variety of workforce is...
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Apple's map hiccups

CNN - 24 Sep 2012 06:35
Apple's new iPhone is out but its new mapping service its taking some wrong turns. CNN's Jim Boulden takes it for a test.
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Top college courses, for free?

CNN - 24 Sep 2012 06:26
Almost exactly a year ago, Stanford University took a bold step. It opened up an online version of three of its most popular Computer Science classes to everyone around the world, for free.
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Drinking a Bordeaux wine from a "chateau" is as French as swigging Kentucky bourbon is American.
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At Cravath, Swaine & Moore, associates were paid based on seniority, with no bonuses and no resentments.
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The Trade-Off That Created Germany’s Job Miracle

The New York Times - 24 Sep 2012 23:20
In the German city of Ingolstadt, unemployment has virtually disappeared. But there is also a less secure job market and an income gap.
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A former Intel Corp executive, whose trial testimony helped convict hedge fund titan Raj Rajaratnam, avoided prison time on Monday for his role in the biggest insider-trading prosecution of a generation.
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They are not open to the public but used to assist nearby shops unable to keep up with internet ordersTesco is to build a national network of online-only stores as it looks to cash in on the surge in internet grocery sho...
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(Reuters) - Bank of America Merrill Lynch said on Monday it landed former Morgan Stanley Smith Barney director Michael Maghini to head its insurance and annuities division, as the bank looks to build out its retirement s...
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The trailblazers challenging a few stereotypes
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Chevrolet Volt Sales Redefine 'Failure'

Forbes - 24 Sep 2012 23:07
Even if many transactions were bolstered by cut-rate lease deals and other incentives last month, with 13,497 units rolling out of dealerships through the end of August, the Chevrolet Volt ?extended range electric? sedan...
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Facebook stock plunges 9.1% as doubts rise again

USA Today - 24 Sep 2012 23:04
Facebook shares remain 45% below IPO price; bears suggest stock could fall to $15.
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The Internet radio site Pandora has begun pushing its users to write their Congressmen to support a newly introduced bill called the Internet Radio Fairness Act. The idea, crafted pretty specifically for Pandora, is to r...
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Global growth fears persist; Google shares hit record while analysts 'diss' Apple.
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Does Capitalism Need a Moral Defense?

Forbes - 24 Sep 2012 22:44
This weekend, my more ponderous thoughts were featured in an essay in The Los Angeles Review of Books, in which I took some time to analyze the new edition of George Gilder's seminal work, Wealth and Poverty.
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Elections and SEZs

Forbes - 24 Sep 2012 22:43
During elections, it?s not uncommon for presidential candidates to say they?ll ?fix? the economy, and the opponent only wants to wreck it to enrich buddies, favored industries, and so on.  Which rather implies the p...
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