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Business News

Location American Business News for 25 September 2012
As the editor of the Celebrity 100, I've been impressed by Lady Gaga for the last few years. She's made a ton of money ($142 million in the last two years by our count) by churning out great pop music and happily working...
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Today’s post comes to you with the help from my friend Jeron Paul, of Scalar Analytics, who with his co-founder Matt Tillotsen explained to me recently some of the intricacies investors (and founders) need to...
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A few months back, IDC released a study, underwritten by Microsoft, that predicted cloud computing would eventually add about 14 million jobs to the global economy. Of course, those are direct jobs cited in the study, su...
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Kraft Foods, the maker of Oreo cookies, and a team of agencies will be working live with consumers to produce the final ad of the brand’s Daily Twist campaign.
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Waldorf Astoria's new guest: Bees

CNN - 25 Sep 2012 02:37
New York's Waldorf Astoria hotel hosts six new beehives to bring locally produced honey to their famed restaurants.
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Balancing privacy, networking on phones

CNN - 25 Sep 2012 02:24
Dave Morin, CEO of Path, talks to CNN about how to make money through social networking on mobile phones.
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I’m not much of a talker on flights. I figure people want to be left alone. But on one recent flight my seatmate was a girl about 6 years old; she was charming, but talked nonstop.
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Facebook commerce a hit for small retailers

USA Today - 25 Sep 2012 00:49
Facebook commerce a home run for small retailers, a strikeout for big retailers.
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(Reuters) - Ally Financial Inc's international operations have drawn interest from more than 15 bidders, including banks and General Motors Co , according to a source familiar with the matter.
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DETROIT (Reuters) - Electric car maker Tesla Motors Inc cut its forecast for 2012 revenue on Tuesday because of a slower-than-expected rollout of its Model S sedan, sending its shares down almost 10 percent.
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Home prices rose in July in 20 major cities

USA Today - 25 Sep 2012 23:20
Case Shiller index says prices were up 1.2% from July 2011
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Just how unequal modern societies are becoming is a big political question these days. My native UK has much the same arguments going on as we see in the US at present. Society has become more unequal, this is a bad thin...
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(Reuters) - Hundreds of former Chrysler LLC executives claiming they lost retirement benefits because of age bias can sue the company's former parent Daimler AG, a U.S. appeals court ruled on Tuesday.
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If you haven't heard about the Monday Night Meltdown in the NFL yet, you probably need to get out more. To sumarize: A last-second play was called a touchdown by one referee, and an interception by another refe...
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Thorsten Heins, the president and chief executive of RIM, did not offer a specific date for what he called “our most important launch ever.”
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BUSINESS: Ericsson’s Chief on Surviving Disruption

The New York Times - 25 Sep 2012 22:32
Hans Vestberg, chief executive of Ericsson, discusses the fast-changing communications industry.
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Bits Blog: Japanese Look for Alternatives to Apple's Maps

The New York Times - 25 Sep 2012 22:19
Alternative mapping companies in Japan, like Navitime, are using the opportunity of Apple's less-than-stellar iPhone map app to trumpet their wares.
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How many people are watching HuffPost Live, the new-wave cable TV channel launched in August by the Huffington Post? "More than I had hoped," says president and co-creator Roy Sekoff.
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DealBook: A Tax Shelter Mitt Romney Could Love

The New York Times - 25 Sep 2012 22:02
Gov. Mitt Romney’s 2011 tax return highlights the use of a tax planning technique that may have allowed him to avoid Medicare tax liability derived from his employment at Bain Capital.
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(Reuters) - A nonprofit group on Tuesday accused Bank of America Corp of maintaining and marketing foreclosed homes in white neighborhoods much better than those it owns in African-American and Latino neighborhoods.
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After the Telus Corporation proposed converting its nonvoting shares into voting shares, Mason Capital Management made a bet against the proposal in a gamble that could now fail.
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Labor income has dropped as a share of total income earned in the United States, widening the gap between rich and poor, according to a study by the Cleveland Federal Reserve Bank.
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