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Business News

Location American Business News for 7 August 2013
A Great White Shark's Tooth Looks Like A Peanut Compared To Megalodon's Megalodon was a humongous prehistoric shark that was 10 times bigger than a Tyrannosaurus rex and ate whales. The marine beast first terrorized our oceans around 17 million years ago, according to a Discovery Channel "Sh...
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Shanghai Tower: China's Tallest Building

Forbes - 7 Aug 2013 06:36
Shanghai Tower: China's Tallest Building Shanghai Tower, China's tallest building and the world's No. 2 in height at 125 stories, held a topping-out ceremony today, more than four years after the start of construction in 2008. The views of Shanghai are unrivale...
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Homebuyers could feel the pinch if Congress follows through on plans to shut down Fannie Mae and Freddie Mac.
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Arianna Huffington's 24-Year-Old Daughter Admits 'Cocaine Almost Killed Me' Despite coming from a childhood filled with financial privilege and being "showered with attention and love," 24-year-old Christina Huffington -- the daughter of Congressman Michael Huffington and Huffington Post founder...
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The MTA Doesn't Care How A Shark Ended Up On A NYC Subway Train New York's Metropolitan Transportation Authority will not investigate the mysterious appearance of a dead shark on a Queens-bound N subway train, a spokesperson said today. Yes, folks this morning we removed a shark from...
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Widely Publicized '3 To 1 Happiness Ratio' Turns Out To Be Completely Unfounded A highly cited and discussed 2005 paper from Barbara Fredrickson and Marcial Losada suggested a mathematical ratio between positivity and happiness, arguing that human beings flourish when the ratio of positive to negati...
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Plug-and-Play Residential Solar In Five Years? Fraunhofer USA and Partners Are Working To Make This A Reality The Department of Energy SunShot Initiative aims to bring installed residential solar to less than $1.50 a watt, with a plug and play approach. Fraunhofer USA's Center for Sustainable Energy Systems is working with a num...
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NSEL says `6,000 crore worth stocks in warehouses

livemint.com - 7 Aug 2013 14:09
NSEL says `6,000 crore worth stocks in warehouses The updated and comprehensive list shows outstanding dues of `5,400 crore
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CHART OF THE DAY: The Correlation Between R&D Spending And Stock Prices The decision to spend on research & development can be a tough one for corporate finance managers as they make budgeting decisions. However, you have to spend money to make money. And that's the conclusion of Goldman Sac...
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70% Of People Still Believe Megalodon Exists After Watching Discovery Channel's Fake Documentary Does Megalodon still exist? 71% of people think so after watching Discovery Channel's fake documentary about the massive prehistoric shark. "YES! The evidence for Megalodon can't be ignored. This monster shark lives," th...
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Weak earnings drag stocks lower on Wall Street

Miami Herald - 7 Aug 2013 18:09
Weak earnings drag stocks lower on Wall Street Stocks are falling for a third day in a row on Wall Street after several companies reported weak earnings.
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Apple's iTunes streams satisfaction, beating out Netflix, Amazon, Hulu, and HBO GO It's pretty impressive to win a streaming media popularity contest when you ... aren't ... actually ... streaming. But Apple has accomplished that impressive feat with iTunes. Mainly by cheating.
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Honda to invest $215 mln in Ohio operations

Reuters - 7 Aug 2013 17:52
(Reuters) - Honda Motor Co said on Wednesday it will invest about $215 million in its Ohio manufacturing operations to add new powertrain technology and two training centers.
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Time Warner Thrives On Demand For NBA And Game Of Thrones, And 3 Hollywood Blockbusters As the industry is in flux after the public spat between George Clooney and hedge fund titan Dan Loeb, Time Warner showed that it can deliver results from its studio unit, which complemented the usual strength of network...
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NEW YORK
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Product crack: ICICI Prudential Cash Advantage

livemint.com - 7 Aug 2013 14:56
Product crack: ICICI Prudential Cash Advantage Being a traditional plan, costs are not disclosed and it invests mainly in debt products.
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GOLDMAN: Here Are The 40 Cheapest Stocks In The Market

Business Insider - 7 Aug 2013 13:51
GOLDMAN: Here Are The 40 Cheapest Stocks In The Market Stocks have reached record highs this year, with the S&P climbing past 1700 for the first time in its history. And Goldman Sachs strategist David Kostin believes the fun isn't about to stop any time soon. "We forecast a ...
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Retailers And Designers Continue To Ignore Today on Facebook I saw Dove's new entry into its 'real beauty' campaign, or at least its Canadian division's entry. Its agency Ogilvy created what amounts to a computer virus or Trojan...a downloadable Photoshop action ...
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Global cloud computing market may feel US monitoring effect Daniel Castro of ITIF says the combination of factors could cost the US 10-20% of the foreign cloud market by 2016
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U.S. Firm to Buy Spanish Real-Estate Assets

Wall Street Journal - 7 Aug 2013 04:31
Spanish officials managing soured assets from the country's real-estate collapse chose private-equity firm H.I.G. Capital to buy a majority stake in a package of 939 homes.
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This is Apple's new cheaper iPhone (gallery)

Venture Beat - 7 Aug 2013 23:53
This is Apple's new cheaper iPhone (gallery) The iPhone 5S better better be very, very nice. Because this plastic-backed less expensive iPhone looks every inch a polished Apple product.
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Developer favorite Digital Ocean nabs $3.2M for its cloud hosting service The company launched last year, but claims to already have over 35,000 developer customers, who have developed 340,000 virtual servers. IA Ventures, the firm that led the round, invested off the back of this growth.
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