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Business News

Location American Business News for 9 August 2013
A Gay Athlete Explains Why LGBT Olympians Shouldn't Boycott Sochi In less than six months a nation that criminally charges anyone who speaks about homosexuality will host the Winter Olympics. Sochi, Russia, the subtropical host city for 2014 winter event will host thousands of athletes...
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BofA Has Been Wildly Successful At Selling The 'Great Rotation' To Retail Clients (And That's About It) If you're looking for evidence of a "Great Rotation" out of bond funds and into equity funds this year, look no further than private clients of Bank of America Merrill Lynch, one of Wall Street's biggest retail brokerage...
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NEW YORK
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Shares of BlackBerry rise on news that it's considering going private, while Priceline.com also posts gains on upbeat results. But Nvidia's stock retreats after reporting a drop in profit and revenue.
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10 things medical marijuana won't tell you

Market Watch - 9 Aug 2013 17:06
Americans may be able to get high on marijuana for their health in nearly half the country, but that doesn't mean they're safe from the long arm of the law.
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Emerging-market bonds running out of steam

MoneyWeek - 9 Aug 2013 12:38
Has the bull market in emerging-market debt run its course? The post Emerging-market bonds running out of steam was first published on MoneyWeek.
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Fla. economists to draw up new budget forecast

Miami Herald - 9 Aug 2013 09:10
Florida economists are drawing up forecasts for how much money the state is expected to collect in taxes over the next few years.
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Federal lawsuit filed in megaloads dispute

Miami Herald - 9 Aug 2013 08:00
A Native American tribe and a conservation group have filed a joint suit in federal court to halt a massive shipment of oil field equipment that was traveling late Thursday through a federally protected river corridor in...
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Is Amazon creating an Android video game console?

Venture Beat - 9 Aug 2013 06:53
Is Amazon creating an Android video game console? One developer told us that Amazon showed a prototype of its console for release this fall.
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WASHINGTON
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To eliminate the next Snowden, NSA slashes 90% of system admins with access to classified data Fewer admins mean fewer people that could possibly abuse classified data.
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BlackBerry's next potential turnaround strategy: Going private Going private could give BlackBerry the breathing room it needs to recover.
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Obama to sign student loan deal

Boston - 9 Aug 2013 12:47
WASHINGTON (AP) -- Students heading back to college this fall will save thousands in interest charges on their loans after they graduate once President Barack Obama signs into law a rare bipartisan compromise.
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Oil rises back above $104 after China data

Boston - 9 Aug 2013 07:19
BANGKOK (AP) -- The price of oil rebounded Friday following a sharp sell-off sparked by expectations the U.S. Federal Reserve will soon start withdrawing its unprecedented monetary stimulus.
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'London Whale' Unlikely to Face Charges

Wall Street Journal - 9 Aug 2013 06:29
Bruno Iksil, the former trader known as the "London whale," is unlikely to face charges related to bets that backfired into losses of more than $6 billion for J.P. Morgan.
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Covered California backs dental plans for 2014, eyes future changes Amid criticism from the state insurance commissioner and some children's advocates, California's health insurance exchange is moving ahead with a controversial approach to children's dental coverage for next year while v...
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Two summers ago, Jon McKay landed one of the tech industry's top-flight internships: a three-month gig at Microsoft, working on the Internet Explorer web browser. "They give you all these perks, excellent pay," he said, ...
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(NEW YORK) -- A federal administrative panel has issued an import ban on some Samsung devices on grounds they violate two of Apple's patents. The U.S. International Trade Commission issued its ruling late Friday. The ITC...
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China's Silly New Policy Shows It Can't Handle Its Booming Aviation Market A new Chinese policy meant to reduce egregious flights delays will likely waste fuel and potentially create a safety risk, and is a sign of how the country is struggling to handle the booming growth of its aviation marke...
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The top job interview 'sweat' shops (survey)

Venture Beat - 9 Aug 2013 23:28
The top job interview 'sweat' shops (survey) Careers site Glassdoor conducted a report titled the Top 25 Most Difficult Companies to Interview. Tech companies make up almost half the list.
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The two words that describe most enterprise mobility strategies Sponsored Post As IT executives are driven to respond to their companies' mobile marketing needs at greater and greater speed, things are getting a little out of hand.
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Video-based social network Keek hits 58M users, raising $100M to challenge Instagram, Vine VentureBeat has learned that under-the-radar video-based social network, which just hit 58 million users, is currently raising a massive $100 million round of financing.
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