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Business News

Location American Business News for 12 April 2013

Cuomo Picks New MTA Chief

The Huffington Post - 12 Apr 2013 23:58
Cuomo Picks New MTA Chief Thomas Prendergast, the head of the New York City's bus and subway system and a former Long Island Rail Road president, has been hand-picked by...
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DealBook: Ex-Credit Suisse Executive Pleads Guilty to Inflating Value of Mortgage Bonds Kareem Serageldin, a former senior trader at Credit Suisse, admitted in court on Friday that he fraudulently inflated the value of mortgage bonds as the housing market collapsed.
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Architects Turned A Master Bedroom Into A 130-Square-Foot Apartment [PHOTOS] From NYC's micro apartments to one couple's 140-square-foot home, small living spaces are the "it" trend in home design. And now it seems they've made their way over to Europe. First reported on by Wired, American archit...
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Larry Cohen: No NLRB, No Voice

The Huffington Post - 12 Apr 2013 23:51
Today the NLRB has no teeth, but if H.R. 1120 has its way, tomorrow it might not survive. A vote for H.R. 1120 is a vote to send this country to a pre-1935 era, before the National Labor Relations Act.
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Foursquare wants to sell advertisers the power of its 3.5 billion check-ins Foursquare needs to prove it can make money -- and fast. Why not harness all of that check-in data?
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GOLDMAN: Here Are The 3 Reasons Why We'll See A Sharp Reduction In The Deficit Jan Hatzius of Goldman Sachs had some interesting commentary on the deficit the other day. You'll recognize the sectoral balances chart in his work as he's one of the few analysts on Wall Street who seems to really appre...
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Global H7N9 Threat: New Bird Flu Danger Worsens, Says Urgent Report As new death reports come in, a team of experts from China published a scary report yesterday in the New England Journal of Medicine (NEJM) suggesting that the new H7N9 avian flu virus is even more deadly than previously...
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Four Ways To Invest In Gold

Forbes - 12 Apr 2013 23:39
Four Ways To Invest In Gold Investing part of your portfolio in the yellow metal is one thing, deciding how is quite another.
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The Bond Market Can't Be This Easy to Beat---Can It?

Wall Street Journal - 12 Apr 2013 23:35
How have active bond fund managers beaten their passive counterparts--and what risks are lurking for investors?
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Are Sustainable Seafood Labels Misleading?

The Huffington Post - 12 Apr 2013 23:29
Are Sustainable Seafood Labels Misleading? The world's biggest scheme to certify that seafish come from sustainable sources has come under fire in a scientific journal, where researchers say the label...
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NEW YORK
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MARC FABER: Sure Gold Is Down, But Apple Is Down By Twice As Much (AAPL, GLD) Everyone's talking about today's plummeting gold prices. Marc Faber, author of the the Gloom Boom & Doom Report, was on Bloomberg TV with Trish Regan and Adam Johnson to talk about it. Faber is an optimist. He thinks thi...
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FDA Schedules Another 2 Day Avandia Advisory Panel Once again the controversial diabetes drug rosiglitazone (Avandia, GlaxoSmithKline) will be the subject of a 2 day FDA hearing. According to a meeting announcement scheduled to be published in the Federal Register on Mon...
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ForSight Vision5 sees $8M in new funding for emerging eye tech ForSight Vision5, a mysterious eye technology startup from the incubator ForSight Labs, has raised $8 million in new funding, according to a new SEC filing. Menlo Park, Calif.-based ForSight Labs has spun off several sta...
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It's Tax ID-Theft Season

Wall Street Journal - 12 Apr 2013 23:53
Many taxpayers will be finding out they're victims of tax identity theft. Here's what they need to know.
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Top Ten: MarketWatch's top 10 stories, April 8 - 12

Market Watch - 12 Apr 2013 23:49
MarketWatch's top 10 stories, April 8 - 12
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Rethinking Rising Rates

Wall Street Journal - 12 Apr 2013 23:49
Many investors think rising rates could hammer stocks, but in the past, when rates have risen off a base as low as today's, the stock market has done well.
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Wal-Mart Could Be In Big Trouble If It Doesn't Fix Customer Service Fast Walmart customers across the country are complaining that they can't find the products they want, and that could lead to dangerous consequences for the retailer. "Walmart shelves are empty because it cut back on its work...
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Can Sirius XM Tune In Big Subscriber Growth This Year? Sirius XM, which added over 2 million net subscribers last year, has grown its overall subscriber base from 19 million in 2008 to 23.9 million in 2012. This growth was primarily driven by improved auto sales and the comp...
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Bras Actually Make Breasts Saggier, According To The French A 15-year study out of France this week claims that bras could actually make women's breasts saggier, according to French newspaper The Local. Professor Jean-Denis Rouillon, a researcher at Besançon CHU, has been measur...
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Safe is sexy; defensive stocks lead gains

Miami Herald - 12 Apr 2013 23:33
For stock investors, safe is the new sexy.
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Christopher Dorner's .38 Special Being Sold For Charity

The Huffington Post - 12 Apr 2013 23:32
Christopher Dorner's .38 Special Being Sold For Charity NORTH LAS VEGAS, Nev. -- A southern Nevada gun dealer wants to auction a handgun once owned by a rogue former LAPD officer who killed...
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