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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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VIDEO: Opening a sex shop in China

BBC - 9 Aug 2013 06:48
VIDEO: Opening a sex shop in China Entrepreneur Ma Jiajia describes the challenges of opening a sex shop in China, where sex is not a common topic of conversation.
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Stocks on track for first weekly loss since June

Miami Herald - 9 Aug 2013 17:57
Stocks on track for first weekly loss since June Stocks are falling in midday trading on Wall Street, putting the market on track for its first weekly loss since June.
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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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The 16 Most Jaw-Droppingly Insane Moments From 'Breaking Bad' [Ranked] "Breaking Bad" week is in full swing. After nearly a year's hiatus, meth kingpin Walter White (Bryan Cranston) makes his big return to AMC Sunday night. If you haven't noticed, we're huge fans. To get pumped for the seri...
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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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Florida gets federal grant to study sinkholes

Miami Herald - 9 Aug 2013 09:10
Florida has received a $1.08 million federal grant to study the state's vulnerability to sinkholes.
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Steady Chinese inflation boosts recovery hopes - Eurozone crisis live Investors around the world are expected to react positively to signs that the world's second-largest economy is stablising. Jennifer Rankin
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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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