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Business News

Location American Business News for 12 December 2013

Gracie, a Home Again

Wall Street Journal - 12 Dec 2013 06:04
Mayor-elect Bill de Blasio and his family have decided to leave their Park Slope row house and move into Gracie Mansion, turning the Manhattan estate into a home again for the first time in 12 years.
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This Simple Infographic Will Help You Decide Between A Roth And Traditional IRA We all know we should be saving for retirement. But one of the reasons why we don't is because there's tons of intimidating jargon. For example, what the heck is a Roth IRA? The introduction of the Roth option has been a...
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A Designer Has Come Up With A Great Plan To Fix Windows 8 (MSFT) Twenty-year-old Jay Machalani prefers Windows 8 over Macs or Linux, but has been frustrated by its quirks. So he embarked on a three-month project to fix it. "I love Windows 8 and it is my favorite OS to date, but that t...
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Royal Bank of Scotland to pay $100M in settlement

New York Post - 12 Dec 2013 08:01
Royal Bank of Scotland to pay $100M in settlement The state's top financial services regulator, Ben Lawsky, settled a civil case with the Royal Bank of Scotland for $100 million. Former employees of the Scottish bank faced charges of...
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Hilton raises $2.35bn via share sale

BBC - 12 Dec 2013 04:49
Hilton raises $2.35bn via share sale Hilton Worldwide raises $2.35bn (£1.4bn) through a share sale, making it the second-largest initial public offering (IPO) in the US this year.
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Facebook Stock Added To Dow Jones S&P 500 Index

Business Insider - 12 Dec 2013 04:21
Facebook Stock Added To Dow Jones S&P 500 Index Facebook shares will be added to the Dow Jones S&P 500 Index, a portfolio of stocks considered a barometer of the market and even the overall US economy. The world's leading online social network will replace chip testin...
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In-Flight Calls May Be Legalized By The FCC -- And Then Banned By The DOT The Federal Communications Commission has voted to consider lifting a ban on in-flight mobile phone calls, it announced in an open meeting this afternoon. The current ban on in-flight calls was put in place in 1991 to av...
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Nancy Pelosi Tells Democrats To 'Embrace The Suck'

Business Insider - 12 Dec 2013 22:21
Nancy Pelosi Tells Democrats To 'Embrace The Suck' Move over Terminal Lance, Nancy Pelosi just used common Marine Corps vernacular, telling her fellow Dems behind close doors to "embrace the suck." Pelosi was referencing Rep. Paul Ryan and Sen. Patty Murray’s two-year...
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5 Easy Ways To Make Your Resume Stand Out

Business Insider - 12 Dec 2013 22:19
5 Easy Ways To Make Your Resume Stand Out Earlier this week, LinkedIn released its annual list of the most overused resume words. The list, which was led by "responsible," "strategic," and "creative," was a reminder to avoid clichéd and vague terminology in job...
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Schumpeter: Ties that bind

The Economist - 12 Dec 2013 18:01
Schumpeter: Ties that bind THE business press is full of heartwarming stories about the "talent wars". It reports that eBay pays its lead technologist twice as much as its chief executive. Apple recently slipped a high-flyer $8m to prevent him fro...
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Sensing That Fed Will Act Soon, Wall St. Is Mixed

The New York Times - 12 Dec 2013 17:16
Wall Street was mixed as growing expectations that the Federal Reserve will cut its monetary stimulus as early as next week weighed on traders.     
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China's steely appetite props up iron ore prices

livemint.com - 12 Dec 2013 15:59
China's steely appetite props up iron ore prices It is good news for miners because prices are climbing despite increased supply
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Developers see Pasadena as an inland version of Silicon Beach Entrepreneur David Sacks and Rising Realty have bought three century-old buildings in Old Pasadena and plan to transform them into a hub for tech start-ups.Historic Old Pasadena, a restored section of the city's downtown...
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List of 52 bus companies that feds shut down

Miami Herald - 12 Dec 2013 07:54
Federal bus safety regulators announced that they have shut down 52 companies in what they describe as a major nationwide crackdown on unsafe carriers.
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New Zeland Immigration Acts Like The Stasi - Snowden Fallout? In what is either an example of one individual's over-exuberance or alternatively a worrying indication of the new global police-state we live in, the New Zealand Herald today reported of the Stasi-like actions of the Ne...
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Govt Losing A 'Staggering' £55bn A Year In Taxes MPs demand the Treasury sets up a co-ordinated action plan to tackle fraud and error throughout the public sector.
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China "bad bank" IPO offers bet on slowdown

Miami Herald - 12 Dec 2013 05:34
A Chinese bad-debt management company's shares soared in their Hong Kong debut Thursday, highlighting strong investor appetite for a business that will flourish if the world's No. 2 economy stumbles.
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SEOUL, South Korea (AP) -- A Seoul court rejected Samsung's claim that iPhone and iPad models violated three of its patents, another setback for the South Korean electronics giant in a global battle with Apple over right...
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The federal long-term unemployment program would extend to North Carolina once again if Congress approves a provision that Sen. Kay Hagan inserted into a bill, but the Senate likely won't…
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These 9 Mobile Game Companies Got Over $100 Million In Sales In 2013 Have you ever noticed how everyone you know has "Candy Crush Saga" and at least one variation of "Angry Birds" on their phone? The rise of free apps supported by in-app purchases has led to a seemingly exponential growth...
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House Republicans appeared Wednesday to be rallying around an $85 billion deal to avert ­another government shutdown, brushing off complaints from their right wing that the effort would trade immediate spending cuts for...
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The White House is leaning toward nominating the former leader of Israel's central bank to become second-in-command at the Federal Reserve, according to people familiar with the appointment. Stan Fischer helped Israel su...
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