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Location American Business News for 24 January 2013
SOUTH CAROLINA GOP CHAIR: Does Karl Rove Have 'Any Credibility After Misleading Us So Badly?' Days after President Barack Obama officially kicked off his second term, Republican leaders and activists have gathered in Charlotte for three days of soul-searching into what ails their party. Although the reasons given...
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Two Former Scientology Members Say They Were 'Duped Into Donating Millions' Two former members of the Church of Scientology have filed a lawsuit claiming the church and its affiliates deceived members into donating millions to misrepresentd causes. Luis and Maria Garcia of Irvine, California, fi...
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The Europas: 6 of the best winners (and losers)

Venture Beat - 24 Jan 2013 23:56
The Europas: 6 of the best winners (and losers) The Europas European startup awards just held in Berlin may not have been an unqualified success (the bone-cracking temperatures didn't help) but the event did shine a welcome light on tech startups from across the conti...
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25 Jaw-Dropping Rides Sold At Arizona's Classic Car Auction This week, the Barrett-Jackson Auction Company set up camp in Scotsdale, Arizona, to sell dozens of its amazing classic cars to the highest bidder. Some were once owned by celebrities, like Clark Gable's 1955 Mercedes-Be...
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How to fix the long-run budget deficit in six easy steps

Washington Post - 24 Jan 2013 18:47
Given that bond purchasers are literally paying the federal government for the privilege of giving us their money for the next 10 years, it's hard to justify the amount of attention that the budget deficit has received f...
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31 Incredible Behind-The-Scenes Photos Of Barack Obama's Inauguration President Barack Obama's inauguration was quite the spectacle on Monday, with between 800,000 to 1 million people descending on Washington, D.C., for the ceremony. We took a look at some of the best photos from press pho...
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US Jobless Claims Drop to 5-Year Low of 330,000 (WASHINGTON) -- The number of Americans seeking unemployment aid fell last week to the lowest level in five years, evidence that employers are cutting fewer jobs and may step up hiring. The Labor Department says weekly u...
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PRESENTING: The Ultimate Guide To What Every Analyst Is Saying About The Apple Earnings Catastrophe (AAPL) Here it is folks, your ultimate guide to how Wall Street is reacting to last night's Apple earnings catastrophe. BARCLAYS: Capitulation Process Seems Well Underway: "It seems the reaction to this EPS report is universall...
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GOP Senator Slams House For Letting America 'Become Europe'

The Huffington Post - 24 Jan 2013 23:55
GOP Senator Slams House For Letting America 'Become Europe' Sen. Marco Rubio (R-Fla.) criticized the recent vote to temporarily suspend the debt ceiling on Wednesday, claiming that the House of Representatives should have taken...
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Exactly One Year After JCPenney Swore Off Sales, It's Having A Sales Event (JCP) On February 1, JCPenney will be holding a sales event, sources told us. But it's still not calling the "event" a "sale." The event seems to be a Valentine's Day sale for fine jewelry. It's happening precisely one year af...
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Clinical Evidence, a project of the British Medical Journal, recently combed through the 3,000 medical treatments that have been studied in controlled, randomized studies. They found, for half of those, we have no idea h...
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Kerry: Climate Change Is A 'Life-Threatening Issue'

The Huffington Post - 24 Jan 2013 23:50
Kerry: Climate Change Is A 'Life-Threatening Issue' WASHINGTON -- Secretary of State nominee John Kerry calls global climate change a "life-threatening issue" and says the United States must play a key role...
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J.J. Abrams Is Directing The New 'Star Wars'

Business Insider - 24 Jan 2013 23:50
J.J. Abrams Is Directing The New 'Star Wars' The search for a "Star Wars" director is over! After telling Entertainment Weekly in November he wouldn't helm the next installment from Disney, The Wrap reports Abrams will indeed take us once again to (another) galaxy ...
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NEW YORK
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Welcome To Red Lodge, Montana -- The Coolest Ski Town You've Never Heard Of Red Lodge is a small town in southern Montana where cowboys, ski bums, and ranchers live, work and play. It's one of the last strongholds of the Western frontier, but it's also surprisingly modern and sophisticated. Sure...
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City Officials Push Pension Funds to Divest From Gun Makers

The New York Times - 24 Jan 2013 23:47
Mayor Rahm Emanuel of Chicago urged the executives of two major banks to cease the financing of firearms companies. Other cities are making similar efforts.
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Are You Ready For Career Break Travel?

Forbes - 24 Jan 2013 23:46
Are You Ready For Career Break Travel? Lots of us dream about leaving the office behind. But career break travel can be refreshing -- and help you do better on the job afterward.
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The 15 Highest-Paid Players And Coaches In The Super Bowl

Business Insider - 24 Jan 2013 23:45
The 15 Highest-Paid Players And Coaches In The Super Bowl Both the Ravens and 49ers managed to make it to this year's Super Bowl without a single player among the 25 highest-paid players in the NFL. And the 49ers don't have a single player among the top 50. On the other hand, b...
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AT&T Revenue, Subscriber Growth Beats Estimates

The New York Times - 24 Jan 2013 23:43
AT&T Inc's revenue rose faster than expected in the fourth quarter as it added more subscribers due to strong sales of smartphones like Apple Inc's iPhone, sending its shares up 1 percent in late trade.
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Carl Icahn Went On A Rampage Against Bill Ackman On TV Today At this point, the feud between Carl Icahn and Bill Ackman is legendary, but it's rare that either of the two parties actually talk about it. Today, we got lucky. Icahn was on Bloomberg TV with Trish Regan this afternoon...
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Bond Investors Beware the Bubble

ABC News - 24 Jan 2013 14:58
Bond Investors Beware the Bubble Bonds, which have been in a bull market for 30-plus years, may have lulled investors into a state of complacency as prices have risen and volatility has been low.
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Microsoft's earnings for the latest quarter slipped 4 percent, despite a lift from its latest version of Windows.
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