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Business News

Location American Business News for 6 August 2013
People Are Boycotting Shark Week Because Of A Fake Documentary About A Giant Shark A "mockumentary" about the ancient giant shark Megalodon, called Megalodon: The Monster Shark That Lives, has created an uproar by their viewers, and by the science and science-loving community. Science bloggers are very...
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With Washington Post, Jeffrey Bezos has chance to overhaul newspapers Jeffrey Bezos buys the Washington Post for $250 million. The Amazon founder is known as a patient leader who is willing to absorb losses as he builds businesses.Amazon.com founder Jeffrey Bezos, who revolutionized the bo...
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President's housing plans

CNBC - 6 Aug 2013 22:10
CNBC's Diana Olick reports on President Obama's plan to overhaul Fannie Mae and Freddie Mac. He wants more private capital in the mortgage market.
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How To YieldBoost Toro To 15.7%

Forbes - 6 Aug 2013 17:29
How To YieldBoost Toro To 15.7% Shareholders of Toro Co. (NYSE: TTC) looking to boost their income beyond the stock's 1.1% annualized dividend yield can sell the September covered call at the $50 strike and collect the premium based on the 90 cents bid...
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The SEC Shut Down A Hedge Fund Scam Run By An Ex-Marine Who Allegedly Targeted Other Military Members The Securities and Exchange Commission said today that it halted a United States Marine Corps veteran's Chicago-based hedge fund fraud that was targeting current and former military service members. The SEC alleges that ...
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GM Cuts 13% off Price of Volt Electric Car (DETROIT) -- General Motors is knocking 13 percent off the sticker price of the Chevrolet Volt electric car as it tries to keep pace with rivals in the market for plug-in vehicles. The automaker said Tuesday that the 201...
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Technology stocks edge lower as IBM falls on a Credit Suisse downgrade to become the top decliner on the Dow Jones Industrial Average.
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UK house prices increased by 0.9% in July amid signs that the economy is improving and help to buy schemes boosting sales, according to the latest index report from leading lender the Halifax. On a quarterly basis prices...
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Hollywood's 10 Biggest Political Donors

Business Insider - 6 Aug 2013 05:09
Hollywood's 10 Biggest Political Donors The next big national elections may not be for another year, but Hollywood types aren't sitting on their wallets until then -- Jeffrey Katzenberg, J.J. Abrams, Alan Horn, Tom Rothman and James L. Brooks are among those a...
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South Korea Now Has Roads That Recharge Electric Cars As You Drive A city in South Korea just turned on its first network of roads that power electric vehicles as they drive. It sounds like science fiction, but it could be a look at the future of transportation. As ExtremeTech's Sebasti...
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Dustin Hoffman Secretly And Successfully Treated For Cancer Actor Dustin Hoffman has been successfully treated for cancer -- though no one knew he even had it. "It was detected early and he has been surgically cured," the actor's rep tells People. "Dustin is feeling great and is ...
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CHART: Do Alex Rodriguez's Home Run Rates Tell Us How Long He Used Steroids? Alex Rodriguez admitted to using steroids from 2001 through 2003 after signing his first record contract with the Texas Rangers. While Rodriguez did hit 50 home runs for the first time in 2001, his home run rate (Home Ru...
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BSNL unlikely to post profit before 2018

livemint.com - 6 Aug 2013 19:27
BSNL unlikely to post profit before 2018 BSNL says losses to total Rs11,700 crore by 2018; firm may see entire net worth erode by then
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New Features of the iPhone 5

Forbes - 6 Aug 2013 17:07
New Features of the iPhone 5 Apple returned to the Yerba Buena Gardens in San Francisco to introduce its latest device, the long-awaited iPhone 5. Here are some of the new features they revealed.
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Washington Post sale ends Buffett's stake in paper

Miami Herald - 6 Aug 2013 17:02
Warren Buffett's company's longtime stake in the Washington Post newspaper will end when the publication is sold to Amazon.com founder Jeff Bezos.
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Feds withhold more than $2.2b in LA Metro funds

Miami Herald - 6 Aug 2013 16:57
The federal government is withholding more than $2.2 billion in grants from Los Angeles County's train and bus system because of labor union complaints over state pension reform.
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Nissan recalls more than 13,000 Versa Notes

L.A. Times - 6 Aug 2013 16:54
Nissan recalls more than 13,000 Versa Notes Nissan has issued a pair of recalls for its new Versa Note compact hatchback to fix problems with bolts installed on several areas of the car.
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Apple's iPhone now 7th in China, the world's biggest smartphone market, with 4.8% share Apple CEO Tim Cook, however, was philosophical. "In the arc of time, China is a huge opportunity. I don't get discouraged over a 90-day cycle."
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`100 in 2008 = `9, 38, 55 or 282 now

livemint.com - 6 Aug 2013 16:23
`100 in 2008 = `9, 38, 55 or 282 now If you had invested Rs100 in the realty index in January 2008, you would be left with Rs9 today
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How To Know If Your Best Employees Are Getting Ready To Jump Ship This past weekend I conducted a 10-second survey comparing job-hunting activity with current job satisfaction. The results should give pause to those trying to hire great people, or expecting to retain those already hire...
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SYDNEY
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Smartphones get viruses too. Here's one company that can help Sponsored Post Smartphones are starting to attract malware, just as PCs have for years. What can you do about it?
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