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Business News

Location American Business News for 18 August 2013
China trading error shakes confidence in world's worst equities China's shares were roiled on Friday by a trading error at Everbright Securities that spurred a 53% surge in volumes
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Rupee depreciation and you

livemint.com - 18 Aug 2013 21:17
Rupee depreciation and you A look at how the depreciation of the rupee against the dollar may impact your wallet
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Baidu Deal May Reduce App Piracy in China

The New York Times - 18 Aug 2013 23:17
The move should also help Baidu regain ground against two other Chinese Internet giants, Alibaba and Tencent, which were quicker to add mobile capabilities.
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Banks staring at worse abyss than 2008

livemint.com - 18 Aug 2013 12:54
Banks staring at worse abyss than 2008 Moody's downgrade of three public sector banks is yet another reminder of the fragile health of the industry
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Gold demand may remain strong, but jewellery makers to take a hit Jewellery makers may face tough times as nominated agencies can only provide gold against upfront payment
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Petersen Automotive Museum offers details of renovation plan The Petersen Automotive Museum provided more details Sunday of its planned renovation, saying it will spend as much as $20 million to remodel its Wilshire Boulevard facility and add about 15,000 feet of display space.
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It's widely assumed that overwhelming people with options -- whether in TVs or delicious jams -- can make them less likely to make a decision. But maybe that's wrong.
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Even as the Web has cost the Postal Service billions of dollars in revenue, strong growth in package deliveries from e-commerce sites has helped to offset the loss.
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Treasury Auctions Set for the Week of Aug. 19

The New York Times - 18 Aug 2013 23:09
The following tax-exempt fixed-income issues are scheduled for pricing this week.
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NSEL investors to wait till Tuesday before seeking legal remedy Investors to plan for a proper strategy to ensure full payment of legitimate dues of members
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Growth-at-any price loses appeal for emerging market investors Emerging market investors are learning the hard way the risks of paying higher prices for assets hoping turbo-charged growth will deliver the payoff
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A high and persistent level of misery

livemint.com - 18 Aug 2013 21:07
A high and persistent level of misery This is the first time since 1991 that the Misery Index has remained persistently high, Nomura says
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India's bad loan problem

livemint.com - 18 Aug 2013 21:01
India's bad loan problem There's been sharp surge in bad loans in recent years brought on by a slowing economy and high interest rates
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3 Questions for Larry Summers About the Fed

The Atlantic - 18 Aug 2013 20:36
1) What kind of unconventional polices should it use? 2) What kind of target should it have? 3) What kind of bubble cop should it be?
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Valerie Wagoner: Tapping the missed-call trade

livemint.com - 18 Aug 2013 20:30
Valerie Wagoner: Tapping the missed-call trade ZipDial, run by Wagoner and her two co-founders, is the first success story in India's missed-call business
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DHL walkout likely to hit JLR factories in Britain

livemint.com - 18 Aug 2013 19:38
DHL walkout likely to hit JLR factories in Britain DHL workers' union seeks legal assurances that the car maker's plant in China won't affect production in Britain
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DETROIT (AP) -- Banks, bond insurers, employee pension systems and others standing to lose big if a federal judge declares Detroit insolvent are expected to legally file their objections to the largest municipal bankrupt...
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Asset Classes Wealthy Investors Love In 2013 Every investors knows to follow the money, and the money likes these top 10 investment ideas in 2013, according to U.K. investment bank Schroders. Of course, their 14,800 respondents from the U.S. to Japan could be alway...
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Often Internet comments are terrible, but The Switch is different. We've been happy to see a lot of comments from engaged and thoughtful readers. Here are some of our favorites. Andrea Peterson's Wednesday article arguin...
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Indian telcos' 4G plans get unexpected boost

livemint.com - 18 Aug 2013 18:45
Indian telcos' 4G plans get unexpected boost China Mobile to buy equipment worth $7 billion for a network based on same technology standard as used by Indian operators
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LONG BEACH, Calif. (AP) -- The latest experiment in American journalism is a throwback: a new daily newspaper to compete against an established one in a big city.
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Samsung Said to Be Preparing to Unveil Smart Watch

The New York Times - 18 Aug 2013 18:12
Samsung Electronics reportedly planned to introduce a wristwatch in September that can make phone calls, play video games and send e-mails, potentially beating Apple to market.
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