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Business News

Location American Business News for 3 May 2013

L.A. Estate Asks $24.5 Million

Wall Street Journal - 3 May 2013 03:31
Food-service executive Bill Tilley's estate is selling his Los Angeles home for $24.5 million; the Kent, Conn., and more.
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What Spring Swoon?

Wall Street Journal - 3 May 2013 18:50
The Dow's rise shows investors have taken a stout-hearted stance on a slow-growing economy.
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Is This Just Another Bubble?

Business Insider - 3 May 2013 23:42
Is This Just Another Bubble? FA Insights is a daily newsletter from Business Insider that delivers the top news and commentary for financial advisors. Is The Fed Printing Story Just A Version Of The Tech Bubble Story? (Risk Reversal) We've hit 1,600...
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9 Celebrities Who Love Their Classic Cars

Business Insider - 3 May 2013 17:30
9 Celebrities Who Love Their Classic Cars The North American International Auto Show in January inspired the Inquisitive Guest to gaze back to the graceful vehicles of yesteryear. Bugattis. Duesenbergs. Hispano-Suizas (a favorite of this reporter). To fantasize ...
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Six Money Moves Everyone Should Make By Age 40

Business Insider - 3 May 2013 20:40
Six Money Moves Everyone Should Make By Age 40 If you're in your 40s, you could be considered either a "late baby boomer" or member of "Generation X." Either way, you're at a time in your life when you're putting youth aside and should be doing some financial plannin...
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ROME (AP) -- Italy's first black Cabinet minister, targeted by racist slurs following her appointment last week, said Friday that Italians aren't racist but that some are merely ignorant of other cultures and the "richne...
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Elon Musk: The People Who Mocked Our Last Leasing Deal Were Right (TSLA) Elon Musk did something today that is somewhat rare for a CEO. He admitted that he was wrong, and his critics were right. Musk announced today Tesla will tweak its lease-buy financing scheme that it announced last month....
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Black Sea hub looks ahead

CNN - 3 May 2013 03:18
CNN's Becky Anderson travels to Constanta, Romania -- home to the biggest port on the Black Sea.
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U.S. Navy launches 'The Magicians': A fleet of drones and manned aircraft The Navy brought a retired squadron of helicopters called The Magicians back into action today. This time around, however, it includes 10 new drones.
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The Texas fertilizer plant that exploded two weeks ago, killing 14 people and injuring about 200, was a repeat target of theft by intruders who tampered with tanks and caused the release of toxic chemicals, police record...
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Berkshire Hathaway's earnings jump 51 percent

Miami Herald - 3 May 2013 23:54
Berkshire Hathaway's earnings jump 51 percent Berkshire Hathaway's first-quarter profit jumped 51 percent as its insurance companies performed well and the value of its investments soared.
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SANTA MONICA, California
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(Reuters) - State securities regulators on Friday urged the SEC to prohibit Wall Street brokerages from requiring customers to settle legal disputes through arbitration, which prevents customers from going to court, join...
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OMAHA, Neb. (AP) -- Berkshire Hathaway's first-quarter profit jumped 51 percent as its insurance companies performed well and the value of its investments soared.
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Berkshire Hathaway's earnings jump 51 percent

News Observer - 3 May 2013 23:50
Berkshire Hathaway's first-quarter profit jumped 51 percent as its insurance companies performed well and the value of its investments soared.
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Sixteen-year-old Gabriel Aguilar, of Chicago, an avid shopper, prefers to patronize specialty shops such as Urban Outfitters or Forever 21 for party and hang-out-with-friends apparel.
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Big revisions help brighten monthly US jobs report

Miami Herald - 3 May 2013 23:44
The 165,000 jobs the U.S. economy added in April weren't the only reason to be cheered by Friday's employment report.
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Retirement fund sues Lululemon over executive pay

Miami Herald - 3 May 2013 23:44
A retirement fund for police and firefighters in Florida is suing Lululemon Athletica Inc., taking issue with a decision by Lululemon's compensation committee to boost the maximum payout of the executive bonus plan just ...
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SJF Ventures banks on track record

News Observer - 3 May 2013 23:44
SJF Ventures, which invests in cleantech businesses and other companies with the potential to benefit society, attracted $90 million for its third fund in less than half the time it...
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Source: Oracle Gave Some Of Their Hardware People The Pink Slip On Friday (ORCL) Sources are telling us that some Oracle employees got pink slips on Friday. All of them are from Sun Microsystems' hardware groups. Friday's layoffs hit employees in the "legacy hardware" units from Sun, particularly sal...
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Retirement fund sues Lululemon over executive pay

News Observer - 3 May 2013 23:40
A retirement fund for police and firefighters in Florida is suing Lululemon Athletica Inc., taking issue with a decision by Lululemon's compensation committee to boost the maximum payout of the...
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10 things: 10 things summer camps won't tell you

Market Watch - 3 May 2013 23:38
With restrictions on s'mores and cellphones, will campers have any fun?
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