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Business News

Location American Business News for 17 November 2012

Stewart on U.S. Grand Prix

CNN - 17 Nov 2012 23:54
Racing legend Jackie Stewart gives his thoughts on the United States Grand Prix and how the title race may end.
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On Sunday, Sebastian Vettel will start on pole position for the 36th time in the 100th race of his Formula One career, with the opportunity to become the sport's youngest triple world champion.
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ROME (Reuters) - Diesel brand founder Renzo Rosso is considering expanding into jewelery and launching a new project in Japan to fuel growth at his fashion group despite the global economic turmoil.
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Netflix’s Reed Hastings says Amazon Prime loses $1B annually Amazon could be losing up to $1 billion per year on its streaming video service Amazon Prime, according to Netflix CEO Reed Hastings.
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The Twinkie Isn't Dying, It's Just Moving To Mexico

The Huffington Post - 17 Nov 2012 22:15
The Twinkie Isn't Dying, It's Just Moving To Mexico Who knew there were so many Twinkie diehards? The announcement that Hostess Brands would shutter and liquidate its 33 bakeries - including its Twinkie-making plant...
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JC Penney Struggles Not To Be Your Grandmother's Store

The Huffington Post - 17 Nov 2012 22:08
JC Penney Struggles Not To Be Your Grandmother's Store NEW YORK -- J.C. Penney CEO Ron Johnson seems unfazed that the department store chain's mounting losses and sales declines have led to growing criticism...
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Barclays Fights Damning Allegations

The Huffington Post - 17 Nov 2012 22:00
Barclays Fights Damning Allegations DUBAI/JEDDAH, Saudi Arabia (Reuters) - Barclays did not make any "illegal payment" to win a banking license in Saudi Arabia, the bank said in a...
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Quiz: Hostess and Its Cakes

The New York Times - 17 Nov 2012 21:59
Quiz: Hostess and Its Cakes Hostess Brands announced plans to wind down operations and sell off its brands. Test your knowledge of Hostess and the cakes it is known for.
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Is This Grass The Next Energy Miracle?

The Huffington Post - 17 Nov 2012 21:52
Is This Grass The Next Energy Miracle? OXFORD, N.C. — It's fast-growing and drought-tolerant, producing tons of biomass per acre. It thrives even in poor soil and is a self-propagating perennial, so...
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Marcellus Shale County Aims for Long-Term Gain

The New York Times - 17 Nov 2012 21:47
Marcellus Shale County Aims for Long-Term Gain Williamsport, Pa., and its surrounding area have made efforts to keep the benefits of the Marcellus Shale boom from evaporating in the event of a bust.
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You for Sale: Your Online Attention, Bought in an Instant by Advertisers In split-second auctions, companies are jockeying for the chance to buy online ads geared to your specific tastes. But consumer advocates see a risk of a computer-generated class system.
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MEXICO CITY (Reuters) - The world's richest man, Carlos Slim, is set to become the top shareholder in troubled Spanish soccer team Real Oviedo after investing 2 million euros ($2.4 million) in the club, his third known s...
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Bring your own device, but who owns your data?

Venture Beat - 17 Nov 2012 20:30
Bring your own device, but who owns your data? Guest Post When you lose your personal cell phone, does your employer have the right to remotely wipe all your data?
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Privatizing Greece, Slowly but Not Surely

The New York Times - 17 Nov 2012 20:07
Privatizing Greece, Slowly but Not Surely As Greece redoubles its efforts to cut its debt and stoke its economy, privatization is viewed as a last hope for luring foreign cash. But the effort has been sputtering.
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Clinton: U.S. budget deal vital to global role

Market Watch - 17 Nov 2012 20:07
Speaking in Singapore during a tour of Asia, U.S. Secretary of State Hillary Clinton reportedly said that reaching an agreement to resolve America’s budget woes and the impending “fiscal cliff” is vita...
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The plight of the non-technical founder: How to earn a hacker of your own Guest Post Non-technical wannapreneurs spend so much time searching for co-founders who code. Perhaps that time can be better spent.
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2 missing in wake of Gulf of Mexico oil rig fire

Market Watch - 17 Nov 2012 19:54
Government officials continue to search for two missing oil rig workers missing after an oil platform in the Gulf of Mexico exploded, according to reports.
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Economic View: How Pollsters and Analysts Won Big on Election Day In this election cycle, three groups deserve much admiration: people who run political polls, those who analyze the polls and those who figure out how to help campaigns connect with voters.
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Novelties: Single-Incision Surgery, Via New Robotic Systems

The New York Times - 17 Nov 2012 19:49
Novelties: Single-Incision Surgery, Via New Robotic Systems New robotic systems are allowing surgery with just a single incision, potentially accelerating the recovery time for patients.
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Bits: In New Apps, Tools for Volunteering After Hurricane Sandy After a disaster, it can be hard to sift through the hundreds of ways to donate time, money or supplies. In the aftermath of Hurricane Sandy, new apps and services aim to better organize the options.
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Corner Office | Seth Besmertnik: Seth Besmertnik of Conductor, on Employee Interaction Seth Besmertnik of Conductor, a provider of search engine optimization technology, uses impromptu talent shows — and props like gongs and spinning wheels — to encourage employee interaction.
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A Louisiana pension fund is suing the Simon Property Group board, contending that shareholders should have voted on the chief executive’s stock award.
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