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Business News

Location American Business News for 18 July 2013
Google CEO: We need to stay focused, but my eyes are on the future You might have been expecting an update on Google Glass, but Page actually chose to talk about Project Loon, an attempt to bring balloon-powered Internet access to people in remote and developing areas.
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Hooters Changed Its Logo For The First Time In 30 Years

Business Insider - 18 Jul 2013 23:57
Hooters Changed Its Logo For The First Time In 30 Years "Breastaurant" lovers might want to sit down. Hooters has changed its logo for the first time in 30 years. "We wanted to give 'Hootie' a facelift along with the stores," chief marketing officer Dave Henninger told USA To...
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California home prices climbed at a record pace in June California's hyperactive housing market appeared headed from statewide recovery to all-out exuberance last month as prices on closed sales climbed at a record pace.
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Subsurface Deterioration Underlies Positive Year To Date Move While the major indexes look to be firing on all cyclinders, the Sector Sum indicator shows deterioration beneath the surface. The chart below shows the Sector Sum making lower highs even as the S&P 500 makes new highs.
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Strong margins, trading income buoy Axis Bank's earnings Net interest margin stands at the highest level in three years at 3.86%
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Palisades House Echos Family History

Wall Street Journal - 18 Jul 2013 15:24
Twenty-eight years ago, Frank Platt asked his cousin Charles Platt to design a home. It was an approach their grandfathers had used.
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Two-thirds of the Sensex is under water

livemint.com - 18 Jul 2013 14:42
Two-thirds of the Sensex is under water The Sensex is up 3.15% year-to-date, but only 10 stocks in the index are in positive territory
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Shareholders voting on $24.4 billion Dell buyout

Miami Herald - 18 Jul 2013 06:14
Shareholders voting on $24.4 billion Dell buyout Dell shareholders are voting Thursday on founder Michael Dell's plan to take the slumping computer maker private in hopes of engineering a turnaround away from Wall Street's glare.
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Downtown L.A. office building sells for record $437.5 million One Wilshire is widely regarded in the industry as the single most important telecommunications hub in the Western U.S.Two decades ago, One Wilshire was just another fading office tower losing its white-collar tenants to...
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Scientists Have Been Waiting 70 Years To See This Blob Of Goo Drop [VIDEO] A team of scientists have finally filmed a sight they have been waiting to see for decades: a drop of extremely slow-moving pitch break off and fall. The team running the pitch-drop project at Trinity College in Dublin w...
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Obama Monitoring Detroit After Bankruptcy Filing

The Huffington Post - 18 Jul 2013 23:52
Obama Monitoring Detroit After Bankruptcy Filing WASHINGTON -- The White House says it's standing by Detroit after it became the biggest city in America to file for bankruptcy. Spokeswoman Amy Brundage...
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Anxiety brews among immigration supporters

Boston - 18 Jul 2013 23:50
WASHINGTON (AP) -- Supporters of far-reaching immigration legislation fear they're losing the message war and say an all-out campaign is needed from business groups and other outside advocates with ties to House Republic...
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AMD chief touts video game chips as big diversification opportunity AMD credits semi-custom chips for game consoles for return to profits in upcoming Q3.
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Eat24 releases POS system to help restaurants keep up with demand for delivery After announcing a big partnership with Yelp, food delivery startup Eat24 releases its own point-of-sale system designed for restaurants that have a high volume of online orders.
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Yelp orders up its own reservation service: Acquires SeatMe for $12.7M It was only a matter of time until Yelp outgrew its partnership with OpenTable and stepped up to offer reservations on its own.
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Google's $14B quarter in 9 pictures

Venture Beat - 18 Jul 2013 22:38
Google's $14B quarter in 9 pictures Google just released its Q2 2013 quarterly earnings: $14 billion in revenue, including $13.1 billion in ad sales, and almost $4 billion in profit. Here's the company's quarter, visually.
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'Excel killer' Tableau moves to the cloud

Venture Beat - 18 Jul 2013 22:36
'Excel killer' Tableau moves to the cloud Today, the company held a press conference to unveil its "Tableau online" product, a cloud-based version of its data analysis software.
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The Unsurprising Nature of Unrest

Forbes - 18 Jul 2013 22:31
By Michael Moran and Jonathan Wood
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Xbox 360 sales slow for Microsoft in Q4

Venture Beat - 18 Jul 2013 22:29
Xbox 360 sales slow for Microsoft in Q4 Despite the slowing console sales, Microsoft's devices division is up thanks to Windows Phone.
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Anonymous' leaked Congress staffer passwords don't match up System admins say list of Congress passwords not legitimate.
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AMD beats expectations, swings to a loss with weak Q2 PC sales AMD beats expectations, but it is losing money compared to profits a year ago.
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Microsoft takes $900M charge for Surface RT tablets in disappointing earnings Microsoft's fourth quarter earnings sure look ugly, with missed analyst expectations and the company taking a $900 million charge on its Surface RT tablet inventory.
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