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Business News

Location American Business News for 7 November 2012
California Billionaires Win State Initiative To Raise Taxes On Themselves As the rest of the country held its breath for Ohio and the results of the electoral college on Tuesday night, a number of California billionaires eyed ballot initiatives that hit a little closer to home.
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PHOTO: This Sandwich Lunch Box Plays Music While You Eat

The Huffington Post - 7 Nov 2012 23:50
PHOTO: This Sandwich Lunch Box Plays Music While You Eat Sure, we loved lunch boxes and music boxes when we were kids. But new musical lunch boxes from a Portugese sandwich company have us scratching...
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Beer Enters the Dark Ages

Time - 7 Nov 2012 21:47
Beer Enters the Dark Ages Is black the new pale yellow? Things are looking that way when it comes to beer. While the typical light American lager has been suffering through years of watered-down sales, breweries big and small are following the cr...
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Stock futures point lower on Obama re-election

USA Today - 7 Nov 2012 08:04
Overseas stocks were mixed, with some investors applauding continuity.
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India's richest self-made woman

CNN - 7 Nov 2012 06:09
Leading Women meets Kiran Mazumdar-Shaw who started drug company Biocon, valued at over $800 million, out of a garage.
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Wall Street Millions Wasted As Elizabeth Warren Wins Senate Seat Jamie Dimon is not going to like this one. Elizabeth Warren has been projected as the winner of her Massachusetts Senate race, beating incumbent Republican...
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Home Depot Co-Founder: If Romney Wins, 'Smiles' Will Turn Into Jobs Bernie Marcus, co-founder of home improvement retailer Home Depot, says electing Romney would make business executives so happy that they'd essentially have no choice but...
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Advertising: Rolling Stone Section Is Aimed at Latinos, Even the Ads The Nov. 22 issue has a secondary cover on the back page that carries the Rolling Stone nameplate but has cover lines entirely in Spanish.
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Daniel Hill: Swoosh: Later Lance

The Huffington Post - 7 Nov 2012 00:54
Daniel Hill: Swoosh: Later Lance Nike is a pioneer in endorsements, going as far as developing brands within its brand. The payoff has been huge, but the risk is high when hundreds of millions of dollars are invested in the reputation of fallible indivi...
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Sarita Gupta: Walmart, the Elections and the Key to Democracy

The Huffington Post - 7 Nov 2012 23:56
Sarita Gupta: Walmart, the Elections and the Key to Democracy Good jobs, where workers have collective bargaining rights, security and benefits that allow their families to enjoy a decent standard of living, are the cornerstone of building a strong economy. Yet Walmart's bottom lin...
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Miles Rapoport: The Reelection of the President, and the Work Ahead Now that the election is over, the next phase of critically important work begins on these two fronts. On economic and fiscal policy, the closeness of the popular vote shows that Americans are really at a crossroads mome...
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Election Traffic Boosts HuffPost Live To New Viewership High When the Huffington Post set the launch of its live video network for mid-August, it was with an eye to having all the major kinks worked out in time for the biggest news day of the year: the presidential election. "We'd...
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The Republican John Boehner Beats Obama to Backing A Grand Bargain Over the Fiscal Cliff John Boehner,(R-Ohio), Speaker of the House, gave President Obama his first November Surprise before he was even finished celebrating his electoral college victory for another term in the White House.
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Coca-Cola's Focus On Innovation: How Coca-Cola's VEB Group Is Fueling Disruption In Consumer Products From Ryan Caldbeck (Disrupting Finance):  This week’s post is a Q&A with Coca-Cola’s internal venture group, VEB (Venturing & Emerging Brands).  As Disrupting Finance continues to explore issues of cr...
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Dow takes nosedive, closes below 13,000

NBC News - 7 Nov 2012 23:25
Stocks took a sharp nosedive in a post-election selloff Wednesday, with the Dow logging its biggest decline in nearly a year, prompted by concerns over the looming "fiscal cliff" and amid renewed worries over Europe's we...
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Molson Says Its Income Is Steady

The New York Times - 7 Nov 2012 23:25
Molson Coors said cost controls and its acquisition of StarBev this year helped its profit.
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Don't Give Up on the Global Portfolio

Forbes - 7 Nov 2012 23:23
Don't Give Up on the Global Portfolio I find it fascinating how behavioral biases can lead investors astray again and again. I’ll give you a hypothetical, currently relevant example. Let’s say Judy has a well thought out, balanced global portfo...
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America, Meet Azerbaijan

Forbes - 7 Nov 2012 23:18
America, Meet Azerbaijan
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Elizabeth Warren's Big Win Is A Crushing Defeat For Big Banks Wall Street crusader Elizabeth Warren's victory in the U.S. Senate race doesn't bode well for Wall Street.
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Prospect Capital Corporation (PSEC) maintained its monthly dividend of 10.1675 cents per share. The dividend has a record date of November 30, 2012 and a payment date of December 20, 2012.
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I Have A Gub

Forbes - 7 Nov 2012 23:07
I Have A Gub When I tell you that this story involves a bank located inside a Walmart Store, you sort of get the hint that this is gonna be one of those oddball doozies. You’d be right!
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As a senator, Elizabeth Warren, the architect of the Consumer Financial Protection Bureau, will have the opportunity to weigh in on a number of the issues that are making Wall Street nervous, as regulators work to implem...
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