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Business News

Location American Business News for 21 October 2013

Bitcoin Has Gone On An Insane Surge

Business Insider - 21 Oct 2013 10:53
Bitcoin Has Gone On An Insane Surge Well, here's a fact. The collapse of the Silk Road — the online drug buying bazaar whose alleged founder was arrested earlier this month — has not destroyed Bitcoin, the digital currency that was used on the site. In...
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STOCKS GO NOWHERE: Here's What You Need To Know (DIA, SPY, QQQ, NFLX, JPM) The markets didn't do too much today. First, the scoreboard: Dow: 15,392.2, -7.4, -0.0% S&P 500: 1,744.6, +0.1, +0.0% NASDAQ: 3,920.0, +5.7, +0.1% And now the top stories: For what it's worth, the U.S. stock markets a...
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4 Steps to Writing a Professional Bio That Gets You Noticed

The Huffington Post - 21 Oct 2013 20:57
As I have discovered, most entrepreneurs have a hard time discerning what is important to put into a bio and what is not. For this reason, I have without fail tossed out the working bios of incoming clients, writing bran...
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Rihanna Was Asked To Leave Abu Dhabi's Grand Mosque After Taking Photos In A Restricted Area Rihanna loves sharing intimate photos of herself on Instagram, but not everyone is a fan.  Over the weekend, the singer performed in Abu Dhabi.  Afterward, she posed for a few photos outside of popular tourist attracti...
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A financial advisor and an insurance agent may sell similar products, but they can have very different motives. The worst agents will be beholden to their company's profit margin more than they are to your financial well...
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Our Legislators: No Laughing Matter

Forbes - 21 Oct 2013 15:02
Many of our lawmakers think their job is about scoring points or making jokes. We need problem solvers in the U.S. Congress, not tax protesters from the right or would-be comedians from the left. Apparently, dysfunction ...
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Co-operative Bank says capital plans to change

Miami Herald - 21 Oct 2013 11:33
Troubled lender Co-operative Bank says previous plans to boost its capital by 1.5 billion pounds ($2.3 billion) will likely change as it holds talks with various creditor groups.
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Chinese authorities have banned satellite broadcasters from buying the rights to more than one foreign-made program per year in a bid to tackle "vulgar" and "excessive" entertainment in Chinese television.
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Samsung Is Stealing Apple's iPad Market Share

Business Insider - 21 Oct 2013 23:57
Samsung Is Stealing Apple's iPad Market Share Here's the problem Apple hopes to cure tomorrow when it unveils its new 2013 model iPads. While the iPad is still the biggest brand in the tablet market it's essentially being nibbled to death by competitors. Samsung is ...
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LOS ANGELES (AP) -- Discover Financial Services' net income fell 8 percent in the third quarter, as the lender set aside more funds to cover potential loan losses.     
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How the Dow Jones industrial average fared Monday

Miami Herald - 21 Oct 2013 23:02
The Dow Jones industrial average edged lower as investors digested the latest third quarter earnings reports from companies. McDonald's slipped after it reported revenue that fell short of analysts' expectations. Toymake...
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Roll Call Founder Dead At 90

TPM - 21 Oct 2013 22:58
Sid Yudain, the founder of the long-standing Capitol Hill newspaper Roll Call, died Sunday morning at the age of 90. "He loved that paper," said Lael Yudain, his wife. "He used to say that when he started, the Hill was a...
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Discover Financial's profit falls 8 percent in 3Q

News Observer - 21 Oct 2013 22:45
Discover Financial Services' net income fell 8 percent in the third quarter, as the lender set aside more funds to cover potential loan losses.
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Why JPMorgan Chase Doesn't Deserve Your Sympathy

The Huffington Post - 21 Oct 2013 22:14
Scandal-tainted megabank JPMorgan Chase is losing legal ground in the wake of its multi-year crime wave (if the term "crime wave" seems harsh, we invite you to review the evidence here, here, and here.) But in the wake o...
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KANSAS CITY, Mo. (AP) -- A Kansas City-area prosecutor was appointed Monday to reinvestigate allegations levied by a 14-year-old girl who said she was sexually assaulted by an older classmate who piled her with alcohol i...
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Dearborn, Michigan
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Here's The Famous Management Book That Says The Attempt To Fix The Obamacare Website Will Be A Disaster The opening of the Affordable Care Act exchanges, the insurance marketplaces now open to people in 36 states, has been something of a disaster. Three weeks in, people are still struggling to purchase insurance through th...
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Zimbabwe tycoon: Just say 'No' to graft

Boston - 21 Oct 2013 20:02
HARARE, Zimbabwe (AP) -- One of Zimbabwe's wealthiest entrepreneurs said he has built a massive business empire by never paying a bribe to officials or even presidents who solicited for them.     
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German 'Bishop Of Bling' Spent A Reported $42 Million On His Official Residence The Bishop of Limburg in Germany has become the "Bishop of Bling" after touching up his official residence with things like a $20,000 bathtub and marble floors, according to ABC News. Bishop Franz-Peter Tebartz-van Elst...
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North Carolina Gov. Pat McCrory (R-NC) warned his attorney general that he should not publicize his personal opposition to the state's new voter identification laws while also defending them in a lawsuit brought up by th...
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UK court lifts injunction vs Wall Street Journal

Miami Herald - 21 Oct 2013 18:54
A British court has lifted an injunction preventing the Wall Street Journal from publishing the names of traders who may be implicated in the rate-rigging case involving the London interbank offered rate, or LIBOR.
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In an effort to shift public focus away from the Affordable Care Act's glitch-filled rollout, President Barack Obama said Monday that some states have already benefitted from the law.
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