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Business News

Location American Business News for 7 May 2013

DealBook: Pleased by Apple's Move, Einhorn Raises His Bet

The New York Times - 7 May 2013 21:20
DealBook: Pleased by Apple's Move, Einhorn Raises His Bet David Einhorn said Tuesday that his firm had raised the size of its Apple holdings. The move came after Apple agreed to quintuple the size of its stock buyback program and increase its dividend.
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Dow closes above 15,000 for first time

L.A. Times - 7 May 2013 22:01
Dow closes above 15,000 for first time NEW YORK -- The Dow Jones industrial average on Tuesday closed above 15,000 points for the first time, clearing a psychological hurdle as stocks continue a strong rally this year.
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Cheesy Garlic Bread wins Lay's flavor contest

Miami Herald - 7 May 2013 20:25
Lay's potato chips are getting cheesier.
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The Twlight of the Sharing Economy--or the Dawn?

The Atlantic - 7 May 2013 23:29
A tale of two Web 3.0 ideas: car-sharing and daily deals
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Disney's profit and revenue soar on Walt Disney Co. reported a massive jump in net income for its fiscal second quarter, lifted by the performance of its media networks, movie studio and theme parks.
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Disney's Profit Rises on Parks,' Oz' Movie

The New York Times - 7 May 2013 22:48
Media giant Walt Disney Co reported an increase in profit that beat Wall Street expectations, boosted by higher attendance at theme parks and the movie box office success of "Oz the Great and Powerful."
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Alabama Football Coach Nick Saban Is Auctioning Off His $11 Million Lake-Front Home In Georgia Alabama football head coach Nick Saban is auctioning off his vacation home on Lake Burton in Georgia that is currently listed at $10.9 million, according to the Atlanta Busines Journal. Concierge Auctions is auctioning o...
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Bijan Estate Sells For $11.9 Million

Forbes - 7 May 2013 21:13
Bijan Estate Sells For $11.9 Million Just like his shop on Rodeo Drive, Iranian designer Bijan Pakzad's estate was an exclusive item, offered for $12 million and by appointment only. The home was recently sold by real estate agent Jade Mills for $11.9 milli...
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MOBILE INSIGHTS: Square Is Developing An Engine To Make Local Recommendations Mobile Insights is a daily newsletter from BI Intelligence that collects and delivers the top mobile industry news. It is delivered first thing every morning exclusively to BI Intelligence subscribers. Square Building A ...
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JC Penney 1Q revenue down again

Boston - 7 May 2013 23:58
PLANO, Texas (AP) -- J.C. Penney Co. says that its first-quarter revenue will likely fall 16 percent and is pointing fingers at prior leadership for part of that shortfall.
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REPORT: Barnard College Officials Are Investigating An Alleged Cheating Scandal Barnard College officials are reportedly investigating an alleged cheating scandal in the school's English department, Columbia campus blog Bwog reports. According to Bwog, students in the class "allegedly passed answers...
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Marissa Mayer Says The Work From Home Ban Was 'Well-Received Inside The Company' (YHOO) Marissa Mayer says her decision to ban Yahoo employees from working from home took on a life of its own that she never intended. Speaking at Wired's Business Conference, Mayer said, "I didn't mean for it to become an ind...
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Blue Jeans: We're 20-25% of the videoconferencing market (and we just got much cheaper) Blue Jeans unveiled a massive update to its standard pricing today, adding a new licensing model that offers companies unlimited "all you can meet" videoconferencing plans for as low as $10 per user, per month.
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The True Cost Of Our $30 Billion Obsession With Toilet Paper Visit any household in America and chances are you'll find a tower of toilet paper stashed somewhere. It's the kind of staple product we never really stop to think about. But the reality is that those little sanitary rol...
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Penguin And Author Solutions Sued For Deceptive Practices Three authors have begun a federal class action suit against Penguin and its self-publishing services provider, Author Solutions, seeking damages of more than $5 mn. Says Publishers Weekly: The suit, which seeks class ac...
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I just spent a few weeks in Japan and China on a book tour for the Japanese and Chinese versions of the Startup Owners Manual. In these series of 5 posts, I thought I'd share what I learned in China.
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FTC puts background check sites on notice

Boston - 7 May 2013 23:51
WASHINGTON (AP) -- Federal regulators on Tuesday warned several companies that the quick, easy background checks they are providing online might violate the Fair Credit Reporting Act.
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Wall Street Has Been 'Perma-Wrong' About The Stock Market

Business Insider - 7 May 2013 23:49
Wall Street Has Been 'Perma-Wrong' About The Stock Market FA Insights is a daily newsletter from Business Insider that delivers the top news and commentary for financial advisors. Wall Street's 'Perma-Wrong Record Is Intact' (Josh Brown) Chris Kimble at Kimble Charting Solution...
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Donald Trump to launch crowdfunding site

Investment News - 7 May 2013 23:46
The billionaire businessman plans to give away three suitcases full of cash Wednesday to advertise the start of FundAnything.
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SAN FRANCISCO
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AP Photos: A look at key moments in Dow history

Miami Herald - 7 May 2013 23:45
AP Photos: A look at key moments in Dow history The Dow Jones industrial average often makes headlines. But let's not forget everything else that happened as the Dow has twisted and turned - from The Muppets suing Mickey Mouse to John McCain meeting Joe the Plumber.
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(Reuters) - U.S. Treasury Secretary Jack Lew said on Tuesday that he does not know of anyone in Congress who wants to have a "showdown" over the nation's debt limit.
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