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Business News

Global Business News for 12 Sep 2013

Five years after Lehman fell, taking the global economy along with it, a roll call of Wall Street CEOs serving time for their role in the crisis looks something like this: So, yeah. Zero Wall Street... CEOs are in jail. But we did promise you a list:
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Yahoo CEO fears defying NSA could mean prison

The West Australian - 12 Sep 2013 08:30
Yahoo CEO fears defying NSASAN FRANCISCO
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LOS ANGELES (AP) -- Lenders initiated foreclosure action in August against the fewest U.S. homes for any month in nearly eight years, a trend that should help reduce the number of homes lost to... foreclosure in the months ahead.     
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A Tasmanian boat building company's hoping the world's dwindling oil reserves will secure more jobs for workers in the south.
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Interview with Country Manager, Amazon India
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This Is What Space Sounds Like 12 Billion Miles Away

Business Insider - 12 Sep 2013 21:08
This Is What Space Sounds LikeNASA's Voyager 1 spacecraft, launched in 1977, has officially left the solar system NASA has confirmed. While out all alone in the blackness of space the craft has been gathering data. One type of... data is audio. NASA JPL explains:  Voyager 1's plasma wave instrument detected the vibrations of dense interstellar plasma, or ionized gas, from October to November 2012 and April to May 2013.The graphic shows the frequency of the waves, which indicate the density of the plasma. Colors indicate the intensity of the waves, or how "loud" they are. Red indicates the loudest waves and blue indicates the weakest. It has already send back recordings of what that empty blackness of space 12 billion miles from the sun sounds like. And it's quite creepy. Listen: SEE ALSO: NASA Confirms That Voyager 1...
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ROUND ROCK, Texas (AP) -- Dell shareholders have approved a $24.8 billion offer from its founder to buy the company and take it private, ending the struggling computer maker's quarter-century history... as a publicly held company.     
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CANTON, Mass. (AP) -- Dunkin' Donuts said Thursday that it will move into the U.K. market, opening 50 franchised locations in the London area over the next five years.     
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NICOSIA, Cyprus (AP) -- Bailed-out Cyprus says it has signed a deal improving the terms of a 2.5 billion euro ($3.32 billion) loan it received from Russia in 2011.     
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NEW YORK (AP) -- Stocks were flat in early trading Thursday, a sign that traders may be pausing after the market's longest rally since July.     
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Hilton plans stock market listing

BBC - 12 Sep 2013 15:58
The hotel chain Hilton Worldwide has filed for an initial public offering to raise up to $1.25bn (£790m).
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CLEVELAND (AP) -- A jury in Cleveland has rejected a claim by commercial truck dealers that Ford Motor Co. overcharged them over an 11-year period by offering discounts to other dealerships.     
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Report: The best economies in the world

USA Today - 12 Sep 2013 14:54
World Economic Forum's annual competitiveness ranking moved USA up two places in 2013.
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Walmart looks to heat up hot toy list

USA Today - 12 Sep 2013 14:08
Retailer's kid toy-testing shows retro products likely to top holiday season wish lists.
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The biggest public company and the biggest country are at loggerheads over the price of a phone.
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The European Parliament has voted to limit the use of fuels made from food crops because of fears that biofuels can push up grain prices or damage the climate, further undermining the once-booming... industry.
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New Pandora CEO faces royalty fight with artists

Miami Herald - 12 Sep 2013 06:55
New Pandora CEO faces royaltyOne of the biggest challenges facing Brian McAndrews, the new CEO of Pandora, will be renegotiating the royalty rates the Internet radio giant pays to the music industry.
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NEW YORK (AP) -- An Australian former research analyst has pleaded guilty to an insider trading charge in New York in a cooperation deal.     
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DealBook: Judge ApprovesA federal judge approved American Airlines' bankruptcy plan on Thursday but ruled that the decision was contingent on the Justice Department's approving the carrier's merger with US Airways.     
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'Everyday Sadists' Are More Common Than You Think

Business Insider - 12 Sep 2013 23:57
'Everyday Sadists' Are MoreSerial killers and sexual deviants aren't the only people who take pleasure in other people's pain. Sadistic personality traits are more common than you'd think — more than half of people show these... both in personality questionnaires and in their actions in the lab, according to a new study published in the journal Psychological Science. People who score high on a sadism personality test find pleasure in behavior that hurts others and will even go to extra lengths to make someone suffer, the researchers found. "Some find it hard to reconcile sadism with the concept of ‘normal’ psychological functioning, but our findings show that sadistic tendencies among otherwise well-adjusted people must be acknowledged," study researcher Erin Buckels, of the University of British Columbia, said...
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At a time of great political division in our country President Obama has found a remarkable way to unite Americans of all political persuasions -- conservatives, progressives and moderates. With a... loud and clear voice, the overwhelming majority of the American people, across the political spectrum, are saying NO to another war in the Middle East -- Syria's bloody and complicated civil war. There are two major reasons why the people in this country are adamantly opposed to the U.S.'s military intervention in Syria. First, of course, is the much discussed "war weariness." The United States has been at war in Afghanistan for 12 years, and the war in Iraq dragged on for nearly nine years. The cost of these wars has been horrendous: more than 6,700 American deaths; hundreds of thousands...
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Local market's winning run set to end

Sydney Morning Herald - 12 Sep 2013 23:54
Local market's winning run setThe Australian share market's run of five straight gains looks set to end, as global markets posted a soft night of trade.     
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Intern to CEO: How these people made it

Daily Telegraph - 12 Sep 2013 23:54
Intern to CEO: How theseSICK of being bottom of the pecking order at work? Take heart, these inspirational people went from bottom of the food chain to CEO in a few short years.
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Snap Up a Design Classic

Wall Street Journal - 12 Sep 2013 23:53
Artist Donald Judd's minimalist furniture, created for his own home, could bring style to yours.
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Founder of Dolby Laboratories dies

Miami Herald - 12 Sep 2013 23:51
Founder of Dolby LaboratoriesRay Dolby, an American inventor and audio pioneer who founded Dolby Laboratories, has died at the age of 80.
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