Business News
A New Debt Ceiling Strategy Is 'Gaining Steam' With Republicans
Business Insider - 31 Jan 2014 18:09
House Republicans are rallying around a new plan on their approach to raising the debt ceiling, according to The Washington Post's Robert Costa — a one-year increase tied to a request on the Affordable Care Act: Hous...
55-Year-Old Olympic Skier Is Also A Photographer Who Shot A NSFW Topless Skiing Calendar
Business Insider - 31 Jan 2014 23:31
Prince Hubertus von Holenlohe is a 55-year-old Mexican Olympic skier who became a viral sensation this week because of his incredible life story. He's a German prince, a photographer, and a pop singer who goes by the nam...
Zynga Cuts Staff as It Buys 'Clumsy Ninja' Game Maker
The New York Times - 31 Jan 2014 01:10
Zynga said Thursday it was buying NaturalMotion, the company behind the hit mobile games "CSR Racing" and "Clumsy Ninja," while cutting 15 percent of its workforce in a turnaround effort.
Chipotle Shares Are Soaring
Business Insider - 31 Jan 2014 17:58
Chipotle shares are up 13% this morning to $559 after the gourmet burrito emporium reporting strong revenues after the bell yesterday. Q4 receipts came in at $844.1 million versus $826.3 million. Earnings of $2.52 were ...
Chinese Rover Says 'Goodnight Earth' Before Shutting Down
TPM - 31 Jan 2014 16:23
BEIJING (AP) -- The Jade Rabbit did not go quietly into that long lunar night. Instead, China's troubled robotic moon rover -- given voice by a government news agency -- melodramatically pondered the meaning of its perha...
Is Obama Right About US Investment Appeal Versus China?
Forbes - 31 Jan 2014 07:56
In his State of the Union address this week, President Obama said that the U.S. is now the world's best investment destination, but according to China's richest man – who acquired a $1 million New York hotel project la...
Google profit and revenue jump 17%, but ad prices keep falling
L.A. Times - 31 Jan 2014 03:56Sales of $1-million-plus homes went through the roof in California
L.A. Times - 31 Jan 2014 03:09Toy maker wins small business Super Bowl contest
Miami Herald - 31 Jan 2014 02:58
A small business that makes toys for girls will have its 30 seconds in the spotlight during the Super Bowl.
Man Calls Number in Old Spice Ad, Gets Huge Surprise
ABC News - 31 Jan 2014 16:47
Scott Knowlton was watching an Old Spice commercial and saw a female character in the spot scribble her phone number down for a man. The number? 866-617-4247. Knowlton, a movie buff, said since the number didn't have the...
Caixin Online: China e-investing sparks 'rate war' with banks
Market Watch - 31 Jan 2014 07:30
Many of China's big banks are moving to offer the highest possible interest rates for deposits, despite the central bank's advice they not do this, mainly because they're losing customers to online investing services, re...
Japan Inflation Accelerated In December as Abe Sought Wage Increases; Manufacturing January PMI Approaches 8-Year High
IBTimes - 31 Jan 2014 07:21
Japan's core consumer inflation rose at the speediest pace in more than five years in December, while the job market got better. The increased inflation has placed pressure on Prime Minister Shinzo Abe's government to en...
Market Extra: Investing in European stocks gets harder this year
Market Watch - 31 Jan 2014 07:20
If you cleaned by jumping into European stocks in the latter half of 2013, congratulations. But it will likely be a bit more difficult to rack up gains in 2014, strategists say. Here's why.
Detroit Plan Is Said to Split Creditors Into 2 Groups
The New York Times - 31 Jan 2014 06:56
The city was preparing to resolve its bankruptcy case by dividing its unsecured creditors and treating them differently, according to people briefed on the proposal.
White House Budget Director Sylvia Mathews Burwell Predicts Drama-Free Debt Ceiling Increase
The Huffington Post - 31 Jan 2014 06:37Google: Chromebooks Are Selling Like Crazy But We Don't Make Money On Them (GOOG)
Business Insider - 31 Jan 2014 05:03
The growing popularity of Google Chromebooks doesn't directly translate into more revenue for Google. Google executives reminded Wall Street analysts of that fact on the company's conference call on Thursday. Nikesh Aror...
Japan Industrial Production Misses Slightly And The Nikkei Erases Gains
Business Insider - 31 Jan 2014 04:52
Japan industrial production climbed 1.1% in December, narrowly missing expectations for 1.3%. It was a jump up from the 0.1% decline experienced in November. The Nikkei fell on the news but remains in positive territory ...
Struggling Zynga to Buy Mobile Game Maker
The New York Times - 31 Jan 2014 04:44
The maker of FarmVille and Mafia Wars simultaneously announced a narrowing in its quarterly loss and a reduction of 15 percent in its work force.
New York private equity manager, firm charged with $9 million theft
Reuters - 31 Jan 2014 03:38
(Reuters) - The U.S. Securities and Exchange Commission (SEC) announced on Thursday it has charged a New York private equity manager and his firm with stealing more than $9 million from fund investors.
Super Bowl 2014 Stadium: How To Get To Metlife, Parking And Tailgating Info, Stadium Facts And More
IBTimes - 31 Jan 2014 23:21
Workers prepare a fence with Super Bowl ads at the MetLife Stadium in East Rutherford, New Jersey. New Jersey's MetLife Stadium will host the first outdoor, cold-weather Super Bowl on Feb. 2. Reuters
Authorities Investigating White Powder Found In 3 Super Bowl-Area Hotels
IBTimes - 31 Jan 2014 23:21
Law enforcement and hazmat officials in New Jersey are investigating three Super Bowl-area hotels after reports of a suspicious white powder found on the premises. Hazardous materials teams and a bomb squad responded Fri...
Is Mexico's Economy Set To Emerge From China's Shadow?
IBTimes - 31 Jan 2014 23:21
OAXACA, Mexico -- There's a freshly minted acronym in the global economy, and it places Mexico as one of four nations poised to emerge as a leader. British economist Jim O'Neill, who invented the term BRIC -- for Brazil,...