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Business News

Location American Business News for 3 October 2013
Richard Branson Tells Us The Story Behind His Famous Kitesurfing Photo With A Naked Model Richard Branson is famous for his publicity stunts to promote the launch of a business or a project. He has scaled buildings, flown over the ocean with a hot air balloon, and dressed in drag, among other unusual activiti...
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Expansion for Hong Kong airport

CNN - 3 Oct 2013 04:26
CNN's Andrew Stevens looks at the international airport's new midfield terminal and a potential third runway.
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Federal authorities said Wednesday that they have arrested a San Francisco man accused of running an online marketplace for illegal drugs and other illicit goods. Users of the Silk Road Web site made purchases using Bitc...
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Communications In High Stress Environments

Forbes - 3 Oct 2013 21:45
The Newtown massacre.  Boston Marathon.  9-11.  The US Airways Hudson River crash.  The list of such disasters is legion.
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10 Stories That Show The Power Of 'The Machine,' University Of Alabama's All-White Secret Society Over the past 30 years, the Machine — a secret society at the University of Alabama — has been suspected in cross burnings, election interference, and physical assaults on students. One former student blames the Mach...
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SEC Studies Exchanges' Regulatory Role

Wall Street Journal - 3 Oct 2013 05:32
The SEC's chairman opened the door to a potential overhaul of financial-market oversight, saying the special regulatory status of U.S. exchanges may not best serve investors or public companies.
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US 30-year mortgage rate down to 4.22 pct.

Boston - 3 Oct 2013 18:02
WASHINGTON (AP) -- Average U.S. rates on fixed mortgages fell for the third straight week to their lowest point in three months, as a decline in consumer confidence and the onset of the government shutdown forced rates d...
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ALBERT EDWARDS: Watch Japan -- It's A Much Bigger Story For Markets Than The Fed "Japan matters," says Société Générale strategist Albert Edwards in his latest note to clients. Developments in Japanese economic policy are so important, according to Edwards, in fact, that they "could accelerate th...
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Online delays signal strong demand for health care

Miami Herald - 3 Oct 2013 06:25
Online delays signal strong demand for health care Overloaded websites and jammed phone lines frustrated consumers for a second day as they tried to sign up for health insurance under the nation's historic health care overhaul.
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The Reverse Interview: How to Attract the Very Best Candidates As a recruiter or employer, typically you're the one holding all the cards in the hiring process. You scan the resumes, call up prospective candidates and make final decisions. But have you ever thought of your organizat...
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ANALYST: Whoever Sold Bill Ackman Those Herbalife Options Is 'Very Lucky' And They'll Have The 'Winning Hand' D.A. Davidson analyst Timothy Ramey, who covers Herbalife's stock, is out with a note today following Bill Ackman's repositioning on his $1 billion Herbalife short position in an effort to reduce risk.  According to an ...
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Cheap razor made after P&G watches Indians shave

Miami Herald - 3 Oct 2013 17:30
Cheap razor made after P&G watches Indians shave Procter & Gamble executives say it was striking the first time they witnessed a man shave while sitting barefoot on the floor in a tiny hut in India.
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Investor Launches Attack on Sotheby's

Wall Street Journal - 3 Oct 2013 06:03
Dan Loeb is adding art criticism to his investor activism, accusing the management of auction powerhouse Sotheby's of failing to understand what kind of art sells best.
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Critics say the law will suppress job growth, but economists say it is too soon tell whether businesses will cut hours or hire more part-timers to skirt the employer mandate.     
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WASHINGTON (AP) -- Growth at U.S. service companies slowed in September from an eight-year high in August, as sales fell sharply, new orders dipped and hiring weakened.     
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Seattle Car Fire May Melt Tesla's Meteoric Rise Shares of Tesla Motors fell about 6 percent on Thursday morning, following the release of a YouTube video that showed a Model S car on fire in Seattle.     
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APNewsBreak: Tesla says car fire began in battery

News Observer - 3 Oct 2013 07:12
A fire that destroyed a Tesla electric car near Seattle began in the vehicle's battery pack, officials said Wednesday, creating challenges for firefighters who tried to put out the flames.
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Moody's ups Philippines rating to investment grade

Miami Herald - 3 Oct 2013 06:55
Moody's Investors Service has become the third major credit rating agency to upgrade the Philippines to investment grade, citing its robust economy, political stability and improved governance.
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European Banks Hold Out on Detroit

Wall Street Journal - 3 Oct 2013 04:32
Banks in Germany, Belgium and Luxembourg that own about $1 billion of bankrupt Detroit's bonds are taking a page out of the hedge-fund playbook to carve out their share of the city's meager cash pile.
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Wells Fargo is accused of bogging down mortgage modifications A lawsuit by New York's attorney general says the bank subjects borrowers to 'Kafkaesque delays and obstructions.'Wells Fargo & Co. subjects borrowers seeking mortgage modifications to "Kafkaesque delays and obstructions...
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The Securities and Exchange Commission, long under pressure to catch up with the technological revolution that's swept through Wall Street, plans to rely more heavily on data as it struggles to shape policy in an increas...
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Do Debaters Make Better Lawyers?

Forbes - 3 Oct 2013 23:45
Do Debaters Make Better Lawyers? Nevertheless, as any debater or philosopher knows, in capitalist jurisprudence, the very idea of paid service is inextricably tied up with self-serving gain. For that reason, law, like debate, is, in the end, about sophi...
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