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Location American Business News for 24 Jan 2014

Twitter's Really Cool VideoA year ago Twitter launched a video sharing app called Vine. It lets you take a six-second video and post it on Twitter and Facebook. It's a really fun app. To celebrate its birthday, Vine posted some... of the best, most memorable Vines. We've pulled two out for you: The "I want to be famous" Vine and President Obama's message for SFBatkid. Seriously, this has got to be one of the cutest Vines ever: And the story behind SFBatkid is about leukemia patient Miles Scott, a 5-year-old who always wanted to be Batkid. Thousands of volunteers, TV crews, and President Obama teamed up with San Francisco's Make-A-Wish foundation to make the child’s dream come true.  After Miles saved the city, the President sent him this Vine:   Here's a tweet of Miles Scott in action: Join the...
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House of Year: Europe Edition

Wall Street Journal - 24 Jan 2014 17:03
The winner of the Europe House of the Year is a castle called Villa Castiglione perched atop a hill on Italy's Capri.
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Little Kids Do HilariousThe Richard Sherman-Erin Andrews post-game interview is becoming the most famous post-game interview of all time. Now, a bunch of little kids have done their own impressions of the interview It's... pretty funny (via Fox Sports):   Join the conversation about this story »     
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I Am Not A Virgin To SellI Am Not A Virgin, winner of the MakeImpactNYC pitch competition, is creating jeans with eco-friendly denim and a good fit.
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Terry Crews 'Pec Pops' To TheToyota recently revealed that the actor Terry Crews ("Brooklyn Nine-Nine") and the Muppets will be starring in its upcoming Super Bowl ad. The new teaser, featuring Crews doing his signature "pec pop"... to a song provided by Rowlf the Dog, suggests the ad is going to get pretty crazy: The 60-second ad will showcase Toyota's new Highlander during Super Bowl XLVIII on Feb. 2. Saatchi & Saatchi LA produced the commercial, which doubles as a promotion for the upcoming film "Muppets Most Wanted." Toyota previously said that in the ad, the Muppets will take over Crew's vehicle and teach him how to "unborify" his life. SEE ALSO: H&M Promises 'Tantalizing Views' Of David Beckham In 'Never-Before-Seen Positions' At This Year's Super Bowl Join the conversation about this story »...
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DAVID CAMERON: I'm ConfidentDAVOS, Switzerland
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Last week Mayor Marty Walsh declared to the business community that he will introduce a "new era of transparency" to economic development in the city. I decided to put that to the test....     
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RBI to run pilot to test plastic notes

Times of India - 24 Jan 2014 23:57
The Reserve Bank of India has finally floated a tender for plastic currency notes after years of deliberation.     
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Former CA sentenced to four years in jail

Montreal Gazette - 24 Jan 2014 23:00
In a case with strict limitations on what can be divulged, former chartered accountant Hasanain Panju has been sentenced to four years in jail.
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Microsoft Apologizes For AMicrosoft on Friday apologized for promoting its cloud-computing service, Windows Azure, with a marketing campaign that implied: "So easy, even an older woman can do it." An earlier tweet on its... @WindowsAzure Twitter account showed a picture of a woman with the words: "What do you do when your 68-year-old secretary needs Active Directory Multi-Factor Authentication? Ask Dear Azure." By the way, despite the geeky term, "Multi-Factor Authentication" isn't all that complicated. It simply means using two kinds of passwords to log in, like typing in a password and also swiping a keycard. The tweet caused backlash, as people pointed out the wrongness of the so-simple-your-mother-can-do-it concept. And that prompted Microsoft to apologize. The happy ending is that people liked Microsoft's...
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PROVIDENCE, R.I. (AP) -- Four business organizations in Rhode Island are calling for future operations of the state-run health insurance marketplace to be funded only by those who use it and not... through widely imposed taxes or fees.     
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Watch Jon Stewart Make AnIf you're looking for a job, you might want to consider going to a live taping of "The Daily Show." At the top of Monday's show, Boston University grad Adam Even Engel got a personal on-air job... recommendation from Jon Stewart after telling the host he'd had bad luck finding a job in chemistry during the pre-show Q&A. “I told him I was a recent college grad and asked how to get my Jewish mother off my back about getting a job,” Engel told the university-run news website BU Today. When the show began, Stewart introduced the day's guest and then made a plea on Engel's behalf: If your school is currently looking for a chemistry teacher, I want you to call us. I got a guy over here, Boston University, seems smart — could have shaved. He’s a chemistry major, he’s...
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JP Morgan Chase Gives JamieHow much of a pay cut will J.P. Morgan Chase chief Jamie Dimon take after a tough year for the bank? None at all, the company announced Friday. Quite the opposite, in fact. The bank’s board... agreed to pay its chairman and chief executive $20 million in 2013, the company said in a regulatory filing, or a 74 percent raise from his pay last year. The bank paid more than $20 billion in legal settlements and posted its first quarterly loss since the financial crisis. But the board said that it considered the company's long term performance and Dimon's handling of the regulatory probes in determining his compensation. Dimon will receive $18.5 million in stock in addition to his base salary. Last year, the board cut Dimon's pay in half - to $11.5 million - citing the massive London Whale...
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HSBC tightens cash withdrawalSome HSBC customers have found they cannot withdraw large sums of cash unless they can provide evidence to the bank about why they want it.
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Chinese media target Herbalife as pyramid scheme

New York Post - 24 Jan 2014 21:14
Chinese media target HerbalifeNu Skin, the Utah-based purveyor of anti-aging skin-care products whose shares were crushed earlier this month after a news report in China said the government there was looking into whether...
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Anti-Shark Devices Flying OffKIHEI, Hawaii (AP) -- A surge in shark attacks on Maui over the past year, including two fatal ones, hasn't stopped people from surfing and swimming in the warm ocean waters that surround the Hawaii... island. But it has spurred sales of devices that claim to keep sharks away by emitting an electric pulse. "They just cannot make these things fast enough," said Hawaiian Island Surf & Sport owner Dennis O'Donnell, who keeps a waiting list for the products and sells out as soon as he's restocked. Users strap the devices to their ankles, wetsuits or surfboards. Some are about the size of an oversized watch, others the size of a wallet. They range in price from $399 to $649. Some shark experts say the devices may help in some cases, but it's questionable whether they'll repel large sharks. With or...
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BP Still Struggling to Put Gulf Spill Behind It

The New York Times - 24 Jan 2014 19:45
BP Still Struggling to PutRobert W. Dudley, the chief executive, says BP is ready to move on from the disaster, focusing on exploration and deal-making.     
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Desso CEO Pushes CircularAlexander Collot d'Escury, the CEO of Desso, a global carpet company, talked with HuffPost Live at the World Economic Forum in Davos Friday about the benefits of a circular economy, in which old... products are reused to manufacture new ones. "Using waste is food for new products," Collot d'Escury told HuffPost Live. Desso, which is based in The Netherlands, itself produces new high-quality carpets from old ones. Or as Collot d'Escury explained it: "We up-cycle waste." Collot d'Escury is promoting his sustainable business model at the World Economic Forum along with other high-level CEOs. According to the CEO, the circular economy model not only makes sense financially, it also helps the planet grow in a sustainable, responsible way. However, Collot d'Escury told HuffPostLive that companies...
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US stocks slide, following global markets lower

Miami Herald - 24 Jan 2014 17:47
US stocks slide, followingU.S. stocks are falling sharply, following a global rout as investors pull money out of emerging markets like Turkey and Argentina and worry about a slowdown in China. Traders shifted money into... lower-risk assets like U.S. government debt and the Japanese yen.
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MemSQL Brings Facebook-StyleBig companies are so worried about risk these days that it is a miracle any of them ever buy anything from a startup. That's probably the reason that people used to say you can never get fired for... buying from IBM. But a little San Francisco-based database startup is giving big competitors like IBM and Oracle a run for their money when it comes to selling databases to big organizations.
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If You've Just Taken Over a Team, Quickly Let Underperformers Go

Harvard Business Review - 24 Jan 2014 16:00
Your job is not to maintain the status quo.
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This Is The Most OptimisticIn Davos, I asked Senator Claire McCaskill (D-Missouri) her take on the upcoming debt ceiling fight. Now granted, she's a Democrat, and nobody can know exactly what Republicans will do. But her... comments about what's likely to happen were the most optimistic comments anyone has said on the subject in awhile. Here's her comments in full when I asked if things are likely to go to the 11th hour. The key line is bolded at the end. I don’t think we will. I think one of the reasons that politically it was such an attractive shiny object to some on the right is that Americans thought that by raising the debt ceiling, we were authorizing additional spending. I think more Americans understand now. It’s just making good, that we don’t want to be deadbeats. We’re supposed to be...
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COPENHAGEN, Denmark (AP) -- An independent report says Greenland's mineral wealth is unlikely to help it obtain economic independence from Denmark, the dream of many Inuits on the Arctic island....     
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UK's Osborne denies monetaryGeorge Osborne, Britain's economic minister, has dismissed suggestions that the Bank of England's strategy to link monetary policy to unemployment has been a failure.
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How do investors value pre-revenue companies? This question was originally answered on Quora by Leo Polovets.
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