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Business News

Location American Business News for 12 May 2013
Houses In California Are Mysteriously Sinking Into The Ground 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...
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8-Year-Old Girl Allegedly Killed By 12-Year-Old Brother

Business Insider - 12 May 2013 16:25
8-Year-Old Girl Allegedly Killed By 12-Year-Old Brother 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...
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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...
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Cars Made In Brazil Are So Flimsy It's Causing A 'National Tragedy' 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...
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The Saddest Thing About This Epic Stock Market Rally

Business Insider - 12 May 2013 13:17
The Saddest Thing About This Epic Stock Market Rally 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...
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Possibly Intoxicated Drawbridge Operator Hits Passing Freighter 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...
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(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 ...
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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.
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Some Good News For Bangladesh Garment Factory Workers

The Huffington Post - 12 May 2013 22:19
Some Good News For Bangladesh Garment Factory Workers Officials in Bangladesh have set up a panel to raise the minimum wage for garment workers following a factory collapse that claimed over 1,000 lives....
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BERLIN
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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...
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SHANGHAI
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Crunching The Numbers: How Does A Budget $750 Gaming PC Perform? 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.
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Mom Doesn't Think You'll Find A Job, Either

Business Insider - 12 May 2013 23:02
Mom Doesn't Think You'll Find A Job, Either 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...
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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.
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12 People Wounded In Shooting At New Orleans Mother's Day Parade 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...
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An Incurable Disease Destroys Florida's Oranges

Business Insider - 12 May 2013 22:19
An Incurable Disease Destroys Florida's Oranges 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...
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Here's The Real Reason People Bash Bernanke And Keynes When They're On Stage At Conferences 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...
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Portugal bailout review completed: government

Reuters - 12 May 2013 22:17
LISBON
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Why I'm Not Worried That It's Possible To Undelete Snapchat Photos 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.
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When Convertible Notes Make Sense For Consumer Companies 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...
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Old Technology Fuels New Energy Boom

Forbes - 12 May 2013 21:25
Old Technology Fuels New Energy Boom 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'...
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