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Business News

Location American Business News for 12 June 2013

Walmart Accepted Clothing from Banned Bangladesh Factories

Business Insider - 12 Jun 2013 23:02
Walmart Accepted Clothing from Banned Bangladesh Factories Since the Rana Plaza building collapse killed more than 1,100 people in April, retailers have faced mounting pressure to improve safety at Bangladesh garment factories and to sever ties with manufacturers that don't meas...
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Is This China's New Long Range Strike Stealth Aircraft?

Business Insider - 12 Jun 2013 17:55
Is This China's New Long Range Strike Stealth Aircraft? The following image, found by Chinese military aviation expert Andreas Rupprecht, shows the shape of what could be a future Chinese stealth bomber plane. True or false? A model plane or just the base of a future radar ev...
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Markets slide as focus stays on US, Japan

Boston - 12 Jun 2013 18:42
LONDON (AP) -- Stock markets edged lower on Wednesday as investors worried about the future of monetary stimulus by two major central banks, the Federal Reserve and the Bank of Japan.
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The 5 Worst Damien Hirst Spot Paintings Of All Time

Business Insider - 12 Jun 2013 23:15
The 5 Worst Damien Hirst Spot Paintings Of All Time Damien Hirst's spot paintings are not all the same. Sure, colorful spots on 1,365 canvases may start to sound repetitive, but don't worry! They're all totally original. Each work in the series has spots of a consistent s...
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Gadgets: iHome brings back the boombox

Miami Herald - 12 Jun 2013 21:12
The iHome iBT4 boombox brings you back to high school days, at least for me.
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Good News Boosts the CEO's Pay; Bad News Has No Effect

Harvard Business Review - 12 Jun 2013 14:30
CEOs' pay doesn't drop in response to bad news.
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After being hammered hard by the real estate downturn and the recession, the condo market west of Boston is showing signs of life again.
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Construction has begun again on the largest private home in America, reports CNBC's Robert Frank.
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Europe's Ten Best Summer Festivals

Forbes - 12 Jun 2013 23:59
Europe's Ten Best Summer Festivals The Festival season has kicked off around Europe - so many of them that you could pass the whole summer simply crossing countries and trying as many as you can fit in your vacation schedule. Or tick the boxes of those th...
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HOUSTON (AP) -- The Federal Emergency Management Agency is refusing to provide additional money to help rebuild the small Texas town where a deadly fertilizer plant explosion leveled numerous homes and a school, and kill...
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Michael J. Copps: Kochs and Cross-Ownership: Formula for a Weaker Democracy Hundt may want to debate whether it is better to have the Koch Brothers or Rupert Murdoch owning the Tribune newspaper chain. I say neither.
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Duke Energy Carolinas customers would see their bills go up an average of 4.5 percent starting this fall, under a proposed agreement between the company and regulators outlined Wednesday.
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ESPN Employee Of 26 Years Writes Scathing Facebook Post After Getting Fired ESPN personality Howie Schwab was fired today as part of the company's mass layoffs. Schwab hosted a quiz show called "Stump the Schwab" a few years ago, and has worked on a handful of shows since. After he was fired, he...
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WASHINGTON
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Bruins And Blackhawks Will Play Dream Matchup But Have Cap Nightmares Ahead The Boston Bruins and Chicago Blackhawks are set to face off in a much-awaited Stanley Cup Final, which kicks off on Wednesday night. The original-six showdown is a fan's dream, but the exciting series likely precedes sa...
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House passes bill that would exempt foreign trades

Miami Herald - 12 Jun 2013 23:47
The U.S. House passed legislation Wednesday that would exempt the trading of derivatives from federal oversight if it occurs outside the United States.
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NEWARK, N.J. (AP) -- U.S. prosecutors announced fraud and other charges Wednesday against eight alleged members of an international cybercrime ring that the government said hacked into the computers of more than a dozen ...
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LOOK: Kids Write Cutest Letter Ever To Food Bank

The Huffington Post - 12 Jun 2013 23:46
LOOK: Kids Write Cutest Letter Ever To Food Bank After raking in a sweet amount of change from their lemonade stand, three budding philanthropists decided to give it all away. The generous tykes --...
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Here's what we're reading/watching today: 1) NASA offers up what is probably one of the most beautiful mental (and perhaps actual) images you'll encounter this week. The space agency has discovered tracks on the Martian ...
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The Asian Power Web

Forbes - 12 Jun 2013 12:30
The Asian Power Web By Robert D. Kaplan, Chief Geopolitical Analyst at Stratfor
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HUGE Stash Of Cocaine Found In Banana Boxes

The Huffington Post - 12 Jun 2013 23:52
HUGE Stash Of Cocaine Found In Banana Boxes Opening some banana boxes from Colombia last week, staff at a supermarket in Aarhus, Denmark, got quite a surprise when they discovered a hefty drug...
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REPORT: British Tabloid Spent $230,000 In Plot To Catch Pop Star In Cocaine Scandal Rupert Murdoch's now infamous News of the World (NoTW) may mostly be remembered for phone-hacking a murdered schoolgirl, but the late British tabloid had another memorable trait -- an incredible thirst for scoops. Now it...
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