Business News
Houses In California Are Mysteriously Sinking Into The Ground
Business Insider - 12 May 2013 16:27
LAKEPORT, Calif. (AP) -- Scott and Robin Spivey had a sinking feeling that something was wrong with their home when cracks began snaking across their walls in March. The cracks soon turned into gaping fractures, and with...
8-Year-Old Girl Allegedly Killed By 12-Year-Old Brother
Business Insider - 12 May 2013 16:25
VALLEY SPRINGS, Calif. (AP) -- Authorities have arrested the 12-year-old brother of an 8-year-old girl who was mysteriously stabbed at her home in a rural Northern California community last month. The boy, who was not id...
Shaffer: Raleigh uproots 83-year-old widow
News Observer - 12 May 2013 23:39
Nettie Grove shuffled to the door on her walker, still wearing her nightgown in the late afternoon, and invited me in. I had come to hear how Raleigh bought the...
Cars Made In Brazil Are So Flimsy It's Causing A 'National Tragedy'
Business Insider - 12 May 2013 07:15
AP IMPACT: Global automakers' deadly cars drive up Brazil's traffic fatalities SAO PAULO (AP) -- The cars roll endlessly off the local assembly lines of the industry's biggest automakers, more than 10,000 a day, into the...
The Saddest Thing About This Epic Stock Market Rally
Business Insider - 12 May 2013 13:17
This week, we saw the U.S. stock markets establish new all-time highs, climbing 145% from its March 2009 lows. Unfortunately, since the bull market began, fewer and fewer adult Americans have been invested in stocks. Fro...
Possibly Intoxicated Drawbridge Operator Hits Passing Freighter
Business Insider - 12 May 2013 22:39
A bridge over the Rouge River near Detroit sustained severe damage early Sunday morning, after the operator began lowering the drawbridge as a 670-foot freighter ship was passing under, Detroit Free Press reports. From A...
Libor likely to be replaced by a dual-track system: FT
Reuters - 12 May 2013 23:19
(Reuters) - A dual-track system, including survey-based lending rates along with transaction-linked indices, is likely to replace scandal-hit London interbank lending rate Libor as soon as next year, the Financial Times ...
Mind the gap
Investment News - 12 May 2013 22:49
Retirement income is a white-hot topic -- on Capitol Hill, at conferences, and in television ads. Here's what advisers are doing to make sure their client's don't come up short.
Some Good News For Bangladesh Garment Factory Workers
The Huffington Post - 12 May 2013 22:19Limited banking union can buy time, German finance minister writes
Reuters - 12 May 2013 23:32
BERLIN
U.S. automatic cuts send Pentagon contract awards down 52 percent
Washington Post - 12 May 2013 23:14
Pentagon contracts tumbled 52 percent in April from a month earlier as across-the-board federal budget cuts took hold. The Defense Department announced awards with a maximum value of $19 billion in April, about 22 percen...
Analysis: Bullish yuan herd leaves China fundamentals in the dust
Reuters - 12 May 2013 23:08
SHANGHAI
Crunching The Numbers: How Does A Budget $750 Gaming PC Perform?
Forbes - 12 May 2013 23:07
In this special installment of Crunching The Numbers, I shift the critical gaze inward to analyze the performance of my personal $750 gaming PC build -- before I give it away to one lucky reader.
Mom Doesn't Think You'll Find A Job, Either
Business Insider - 12 May 2013 23:02
Skip the jewelry--what mom really wants for Mother's Day is for you to learn to manage your money. Mothers are more worried about the financial future of their kids rather than what they will get for Mother's Day, accord...
NewsWatch: Stock rally's burden shifts to the consumer
Market Watch - 12 May 2013 23:00
Consumer-related stocks, at the vanguard of this year's rally, may face particular headwinds this week as retailers report earnings and a slew of consumer data hits investors.
12 People Wounded In Shooting At New Orleans Mother's Day Parade
Business Insider - 12 May 2013 22:38
Twelve people were wounded in a shooting at a Mothers' Day parade in New Orleans, WDSU News reports. "The shots just started ringing out, and everybody just started running, and the next thing I heard, 10-15 people got s...
An Incurable Disease Destroys Florida's Oranges
Business Insider - 12 May 2013 22:19
Florida's $9 billion orange crop, the largest in the world after Brazil's, may not survive an incurable disease that threatens to wipe out citrus groves throughout the United States. The disease, known as "citrus greenin...
Here's The Real Reason People Bash Bernanke And Keynes When They're On Stage At Conferences
Business Insider - 12 May 2013 22:18
The financial conference circuit has been a noisy place lately. Just over a week ago there was historian Niall Ferguson claiming that because John Maynard Keynes was childless and gay, it was only logical that his thinki...
Portugal bailout review completed: government
Reuters - 12 May 2013 22:17
LISBON
Why I'm Not Worried That It's Possible To Undelete Snapchat Photos
Forbes - 12 May 2013 22:11
As my Forbes colleague Kashmir Hill pointed out last week, forensics examiner Richard Hickman blogged that he had successfully restored dozens of "deleted" Snapchat photos from Android phones.
When Convertible Notes Make Sense For Consumer Companies
Forbes - 12 May 2013 21:35
Convertible notes seem to be all the rage for pre-revenue tech startups these days. Convertible notes (aka convertible debt or convertible loans) are a financing mechanism whereby a company raises debt capital from inves...
Old Technology Fuels New Energy Boom
Forbes - 12 May 2013 21:25
With U.S. oil imports hitting a 17-year low, the mainstream media has awoken to the fact that, as I pointed out three years ago, peak oil is not happening anytime soon. Charles Mann's excellent cover story in this month'...