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Business News

Location American Business News for 11 April 2013

Mortgage rates decline on weak jobs data

Chicago Tribune - 11 Apr 2013 16:10
Mortgage rates decline on weak jobs data The average interest rate on a 30-year, fixed-rate mortgage declined for the second consecutive week, to 3.43 percent, in response to weak employment data, Freddie Mac said Thursday.
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21 year-old CEO aims to be the 'next Disney,' starting with an iPhone game MinoMonsters is a mobile gaming startup that released major updates to the game today and shared some news surrounding the company's progress.
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Money market fund assets fell to $2.623 trillion

Miami Herald - 11 Apr 2013 23:34
Total U.S. money market mutual fund assets fell $8.89 billion to $2.623 trillion for the week that ended Wednesday, according to the Investment Company Institute.
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Sentiment in Hong Kong's residential property market remains sluggish following a series of real estate tightening measures imposed by the government, according to the latest monthly report from Knight Frank. Data from t...
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Half a million Flipboard magazines created in the last two weeks Over 500,000 magazines have been created since Flipboard debuted their new edition two weeks ago.
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Mt. Gox is the biggest hurdle to Bitcoin's legitimacy Interest in the virtual currency Bitcoin has surged in recent months, but Mt. Gox -- the largest exchange -- is (for now) holding back Bitcoin from stability and legitimacy.
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A 14-Year-Old Boy Drained A 20-Foot Birdie Putt To Finish An Incredible Round At The Masters Tianlang Guan, a 14-year-old Chinese amateur, shot an incredible 1-over 73 today at the Masters. He's the youngest person to ever play the Masters. He wasn't born when Tiger Woods won his first Masters. Yet, here he is, ...
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The Air Force Sexual Assault Scandal Shows Exactly What's Wrong With The Military Justice System If a married corporate executive threw a party, sexually assaulted a female guest while she slept, got convicted of sexual assault by a jury of his peers -- only to have his conviction overturned by the chairman of the b...
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LinkedIn to pay $90M for e-reader company Pulse

Miami Herald - 11 Apr 2013 23:59
Professional networking website LinkedIn is paying about $90 million to acquire Pulse, which makes an e-reader platform used on mobile devices.
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Fund costs come down again, but is it enough?

Miami Herald - 11 Apr 2013 23:54
It's easy to overlook what's important when it comes to saving money. Many people would sooner clip a coupon for shampoo than review the expenses they're paying to invest in mutual funds.
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Since Rand Paul's Historic Filibuster, There Has Been A Dramatic Shift In Public Opinion On Drone Strikes In the month that has passed since Kentucky Republican Sen. Rand Paul's historic filibuster over drone strikes on American soil, polling has shown a dramatic shift in U.S. public opinion of the issue. Overall, polling on...
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North Korea could fire nuclear missile: study

Market Watch - 11 Apr 2013 23:50
U.S. intelligence assessment says for the first time that North Korea may have developed a nuclear device small enough to mount on a ballistic missile, though such a weapon's reliability would be low.
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FOR BEGINNERS: Here's Why The Fed Minutes Are So Important

Business Insider - 11 Apr 2013 23:44
FOR BEGINNERS: Here's Why The Fed Minutes Are So Important The Federal Open Market Committee (FOMC) is a committee within the Federal Reserve System that oversees the nation's open market operations. The FOMC meets eight times a year, and the minutes from these meetings are rele...
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McDonald's Created A New Position To Deal With Customer Service Problems In Stores McDonald's is trying to reach dissatisfied customers by adding people to fetch sauce packets and Happy Meal toys, according to a report by Julie Jargon at The Wall Street Journal. The restaurant chain found that one in f...
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DealBook: In Push for Gender Equality, Breaking Down the Boardroom Door Concluding that "there was no demand for women" on corporate boards, Beth Stewart decided to start a business to find them.
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Brian Moody: You Should Lease Your Next New Car If...

The Huffington Post - 11 Apr 2013 23:34
Leasing a new car is simply better for some people, are you one of them?
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Permanent? That's five years under Obama estate tax plan

Investment News - 11 Apr 2013 23:31
Bid to lower exemption after January deal unexpected; advisers sitting tight for now.
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Cyprus bailout swells to $30 billion

Miami Herald - 11 Apr 2013 23:29
Cyprus bailout swells to $30 billion The cost of bailing out Cyprus has swollen to 23 billion euros ($30 billion), with the crisis-hit country having to take on the lion's share of the measures needed to avoid bankruptcy, according to a draft document by th...
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DreamWorks Animation buys Trolls brand

Miami Herald - 11 Apr 2013 23:29
DreamWorks Animation says it has bought the Troll brand from Denmark's Dam Things and plans to expand the fuzzy toy franchise worldwide.
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Rackware racks up $18M to make enterprise clouds better, faster, strong, better RackWare is a cloud startup that has raised $18 million in its first round of funding. The RackWare Management Module (RMM) helps businesses scale across private, public, or hybrid cloud environments, without changing ap...
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Show me the Honey! E-commerce startup sweetens online shopping by saving you money Honey has secured angel funding fot its technology that surfs the web for discounts, so you can benefit from coupons without doing any of the work to find them.
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Virginia is for startups: Governor launches cyber-security accelerator Virginia announced a new cyber-security accelerator that is based on the same model as Silicon Valley's Y Combinator.
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