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Business News

Location American Business News for 5 August 2013
Here's What Happened When Celebrity Chef Gordon Ramsay Tried To Investigate The Illegal Shark Trade Sharks are one of the oldest species on the planet, but they're extremely endangered due to over-fishing. Sharks are hunted not for their meat, but for their chewy, tasteless fins, which have been a Chinese status symbol...
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Airline Banks on a Buffet-Style Business Model

The New York Times - 5 Aug 2013 16:26
Airline Banks on a Buffet-Style Business Model Surf Air runs on a pricing plan like Netflix's: Pay a flat fee and fly as much as you like.
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Technical Trading: Chart Signals Warn Gold Is Vulnerable To Slippage (Kitco News) - Mon Aug 5 - Gold prices shrugged off modest gains in European trade to weaken slightly heading into the New York open. Very short-term the Comex December gold futures contract is vulnerable to modest slipp...
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Why Facebook's video ads are destined to fail

Venture Beat - 5 Aug 2013 18:00
Why Facebook's video ads are destined to fail Guest Post Until Facebook is able to figure out a way to make its video advertising entertaining enough to keep its users from browsing different websites, its video strategy is misguided at best.
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Scientists cook, eat beef made from cattle stem cells grown in lab For a $330,000 burger, taste testers thought the flavor fell a little flat.
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Keys lobster fishermen drop traps for opening of commercial season Commercial fishermen dropped nearly 500,000 spiny lobster traps in Florida waters, hoping for a season of no hurricanes, plenty of supply and high prices on the world market.
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How The Incubator Behind Reddit, Dropbox And AirBnb Is Building The Future Big things happen in Mountain View, Calif. The heart of Silicon Valley is home to some of the biggest names in technology. Google's campus is there. Mozilla is there, too, along with Symantec. These marquee names may dom...
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The Federal Energy Regulatory Commission on Monday ordered BP to respond to allegations of natural gas market manipulation.
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Mexican Cartels Are Recruiting US Soldiers As Hitmen, And The Pay Is Good Mexican cartels are looking to recruit U.S. soldiers to carry out contract killings. In April a leaked FBI confidential bulletin revealed that the Los Zetas cartel, which was founded by former elite Mexican troops, has b...
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Maybe China's Economy Isn't Toast

Business Insider - 5 Aug 2013 12:23
Maybe China's Economy Isn't Toast China's official services sector purchasing managers index climbed to 54.1 in July from 53.9 in June. The unofficial HSBC China Services Business Activity Index came in at 51.3 in July, unchanged from June. Any number ab...
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After 12 years, American Express is stepping back as the presenting sponsor of the festival in Lower Manhattan.
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LME, Goldman sued over aluminum storage

News Observer - 5 Aug 2013 05:59
The London Metal Exchange and Goldman Sachs are being sued in a U.S. court over alleged anti-competitive and monopolistic behavior in aluminum storage.
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(BANGKOK) -- Asian stock markets sagged Monday after a disappointing U.S. jobs report sparked worries about the health of the world's biggest economy. The U.S. economy added 162,000 jobs in July, about 20,000 less than e...
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Redditor Proposes To His Girlfriend Using Memes In The Ultimate Reddit Post Redditor SirTechnocracy and his girlfriend LadyTechnocracy already knew they were going to get engaged. They had picked out and designed an engagement ring together, and he had even asked her parents for permission, acco...
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The Washington Post Co. announced Monday that it plans to sell its flagship newspaper and other publications to Amazon.com founder and chief executive Jeff Bezos for $250 million in cash. Bezos will buy the newspaper and...
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American Eagle shares sink 16% in after-hours trading after the teen apparel retailer slashes its outlook for the second quarter, blaming July price wars.
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Maria Sharapova Tops List Of The World's Highest-Paid Female Athletes The Russian-born Sharapova leads a globe-spanning list with eight different nationalities represented in the top 10. Tennis players account for all but three of the top earners.
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Cyber Attack On Tor Could Contain A Secret Message From The NSA There was a big cyber attack on anonymous online network Tor over the weekend that led to the bust of an alleged child pornography "facilitator" by the FBI. While many assumed that the attack came from the FBI, some hack...
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Amazon.com founder Jeff Bezos is buying The Washington Post and other newspapers for $250 million. Bezos is buying the newspaper as an individual. Besides Amazon, Bezos also has a company devoted to space travel. Here ar...
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(Reuters) - American Eagle Outfitters Inc , which makes clothes for teenagers and young adults, said on Monday its second-quarter profit will likely be less than half of what Wall Street was expecting, citing weak sales ...
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Controversy-Stricken Steven Cohen Increases Foster Wheeler And Blue Nile According to GuruFocus Real Time Picks, Steven Cohen increased his holdings in two of his stocks this past week. The guru has been under a lot of fire for his involvement (or lack thereof) in a series of insider trading ...
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Harvard Innovation Lab's youngest team launches recommendation engine Side Side is mobile application that prompts you with two-choice questions about you and your friends and recommends products and services based on your responses.
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