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Business News

Location American Business News for 12 July 2013
Nordblom Co., a real estate company headquartered in Burlington, said Friday that it has sold the Financial District office building at 50 Congress St. to KBS Capital Advisors for $51 million. KBS Capital Advisors is an ...
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Mortgage rates at 2-year high as Dow soars to record closing high This is the summer the Fed heated up the markets. Comments made by Federal Reserve Chairman Ben S. Bernanke sent the Dow and S&P 500 to record highs on Thursday while mortgage rates hit their highest level in two years.
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Freddie Mac Tees Up New Security

Wall Street Journal - 12 Jul 2013 03:44
The debt would enable investors to shoulder more of the risk of default.
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The Booming Business of Craft Cocktails

Harvard Business Review - 12 Jul 2013 00:24
Thomas Mooney, co-owner and CEO of House Spirits Distillery.
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Digify lets you read secret documents that self-destruct on your mobile device Digify lets you read a document on your mobile device, but then it disappears from the machine.
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California Is Insanely Huge

Business Insider - 12 Jul 2013 19:26
California Is Insanely Huge Everyone knows that California has quite a few inhabitants. With 38 million people in one state, California's size dominates its neighbors. Still, knowing that there are 38 million people in California really fails to ha...
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Divestment Lessons From IBM

Forbes - 12 Jul 2013 16:20
Divestment Lessons From IBM HP and other companies in the shrinking PC market should take some lessons from IBM, writes Mergermarket's Sarah Cohen
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Stocks slip on Wall Street; UPS sinks on forecast

Miami Herald - 12 Jul 2013 18:07
Stocks slip on Wall Street; UPS sinks on forecast Stocks are edging lower on Wall Street in midday trading a day after the market closed at a record high.
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Some Business School Professors Make More Money Than The President There's a big controversy at the Thunderbird School of Global Management, the business school regularly ranked as the best place to get an international business education. The struggling school, which had a $4 million d...
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Why Traders And Economists Don't Get Each Other On Monetary Policy Economists and traders have inherently different market philosphies -- the former believing prices are essentially right and the latter that mispricings are rampant enough that the smart guy stands to profit. So it's no ...
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Eric Schmidt has already been spotted using Google's Moto X in public Thanks to Eric Shcmidt, we finally have our best look yet at how Motorola's upcoming Moto X will look.
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Eurozone embers flare up again

MoneyWeek - 12 Jul 2013 11:00
Portugal is likely to need a second rescue package from the EU and IMF, and Greece isn't looking too good either, and France urgently needs reform. The post Eurozone embers flare up again appeared first on MoneyWeek.
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June retail sales beat expectations

Chicago Tribune - 12 Jul 2013 07:00
June retail sales beat expectations Better job prospects, better weather and better prices motivate consumersBusiness is going well for skin care consultant Marquesha Elrod: She recently opened a Gold Coast boutique and feels better about spending money. S...
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Twitter releases personal account details of alleged anti-Semites to French government The Union of French Jewish Students is claiming victory today in several-month battle with Twitter over releasing personal account details of Twitter users who tweeted anti-Semitic statement.
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NEW YORK
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(Reuters) - Shares of several Boeing Co suppliers recovered from sharp losses on Friday afternoon as there was little to suggest a link between a fire aboard a 787 Dreamliner aircraft in London and recent battery mishaps...
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Two Dead After Gunman Opens Fire In San Francisco

Business Insider - 12 Jul 2013 23:55
Two Dead After Gunman Opens Fire In San Francisco Two people were killed Friday afternoon after a man opened fire in San Francisco's South Market neighborhood, NBC reports. Police officers responded to a "shots fired" call at a gift center around 2:30 p.m. in the area o...
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VentureBeat is hiring an ad operations manager

Venture Beat - 12 Jul 2013 23:50
VentureBeat is hiring an ad operations manager VentureBeat is looking for a strong lead for the ad operations team.
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NEW YORK (AP) -- A surge in investment banking pushed up JPMorgan's second-quarter profit even as results at its consumer business sagged.
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AT&T to buy Leap Wireless for $1.1B; Cricket brand will survive AT&T has agreed to acquire Leap Wireless, best known operating the Cricket wireless carrier, for $15 per share.
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This week in tech stock: Salesforce soars with acquisition Lots of winners this week and fewer losers in the world of publicly traded technology companies. Go team!
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Car rental giant Enterprise acquires Lyft's Zimride ride-sharing service The buy-up is a strategic move for Enterprise, as it offers an opportunity to reach a younger demographic. Zimride is a peer-to-peer matching service that is most popular with college students.
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