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Business News

Location American Business News for 14 March 2014

The 15 Most Unlikely TV Actors-Turned-Movie Stars

Business Insider - 14 Mar 2014 21:13
The 15 Most Unlikely TV Actors-Turned-Movie Stars From Goldie Hawn to Jennifer Aniston, we've frequently seen our favorite TV stars grow up before our eyes and become world-famous after transitioning to film. Some are simply destined for stardom. But there's another cla...
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As prices in Rio de Janeiro soar, locals turn to 'surreal' currency An Internet-powered protest movement takes shape as things in the Brazilian city, a host of the next World Cup and 2016 Olympics, become increasingly expensive.RIO DE JANEIRO — Brazil's currency is called the real, whi...
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A Boozy Bus Party Is $30 Million Clinkle's Most Cringeworthy Layoff Story Yet There's no way around it: Clinkle, a stealthy startup with over $30 million in funding is a big mess right now.  Yesterday, it said the company's COO left after less than five months on the job and design head Josh Bre...
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Latest Bitcoin Craze? Actual Bank Vaults

Wall Street Journal - 14 Mar 2014 03:04
Silicon Valley startup Xapo, one of a handful of young companies trying to become the Fort Knox of the digital currency bitcoin, raised $20 million in a funding round led by venture-capital firm Benchmark Capital.
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Audit blasts California unemployment program's costly gaffe The state's unemployment insurance program passed up on a federal program to recoup $500 million in overpaid benefits.SACRAMENTO — California's deficit-plagued unemployment insurance program missed out on more than hal...
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An Anonymous Billionaire Purchased A Record Breaking $201 Million Life Insurance Policy A "well-known" U.S. billionaire has purchased the most expensive single-life-insurance policy in the world, according to Guinness World Records.  The life insurance policy the billionaire purchased is valued at $201 mil...
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F.D.I.C. Sues 16 Big Banks Over Rate Rigging

The New York Times - 14 Mar 2014 23:32
The action seeks to recover losses the rate manipulation caused to 10 banks that failed and were taken over by the agency.     
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Two Ways to Reduce "Hurry Up and Wait" Syndrome

Harvard Business Review - 14 Mar 2014 18:00
When everything is urgent, nothing is.
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If You're Expanding Your Business Globally, Don't Make This Mistake Ty Morse was eager to explore opportunities to expand in Asia. An embarrassing presentation fail and a few communication breakdowns later, he realized that entering a new market was more complex than he'd imagined.
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SOCIAL INSIDER: Facebook Launches Video Ads -- WhatsApp Security -- Banjo's $16 Million Social Insider is delivered first thing every morning exclusively to BI Intelligence subscribers. FACEBOOK LAUNCHES VIDEO ADS: Facebook is officially launching auto-play video advertisements, a marketing product that...
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Exchange-traded funds are all about passive, index-based investing, so 'active ETFs' might be puzzling. Here's what you need to know about these actively managed offerings.
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"New information provided by GM has prompted NHTSA to launch an aggressive investigation into the timing of their recall."     
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Crude Oil Shipments by Rail Increased 83 Percent in 2013

The New York Times - 14 Mar 2014 05:51
The Association of American Railroads said on Thursday that major railroads delivered 434,042 carloads of crude oil in 2013, an increase of 83 percent from 2012.     
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Teenagers are getting squeezed out of the labor force in record numbers as unemployment among the youngest workers remains at astronomical levels nearly five years after the last recession ended, according to a study fro...
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Tenth SAC exec admits to insider trading

New York Post - 14 Mar 2014 03:55
Tenth SAC exec admits to insider trading Another analyst at Steve Cohen's SAC Capital Advisors has admitted to insider trading -- the tenth person from the notorious hedge fund to be caught in the Securities and Exchange...
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Herbalife considers adding more Icahn nominees to board Carl Icahn wants to have more control over Herbalife -- now that the Federal Trade Commission has launched an investigation into the company. Herbalife said Thursday it has pushed back...
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Social Media Transform Bank-Customer Relations

Wall Street Journal - 14 Mar 2014 03:42
A recent Twitter exchange between J.P. Morgan Chase and a customer illustrates the important role social media now play in bank-customer relations.
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General Motors' announcement that it is recalling more than one million vehicles has gotten attention from Congress, sparked investigations, and may pose a formidable challenge for the company's fresh CEO. Here's what yo...
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Pressures Over Sale to Russian Firm

Wall Street Journal - 14 Mar 2014 03:35
Russia's intervention in Ukraine signals trouble for OAO Rosneft's bid to buy Morgan Stanley's oil-trading unit, according to people involved in the deal and others familiar with the U.S. government's approval process.
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EPA Lifts Ban On New Federal Contracts With BP

The Huffington Post - 14 Mar 2014 03:15
EPA Lifts Ban On New Federal Contracts With BP The US Environmental Protection Agency announced Thursday an end to its ban on BP obtaining government contracts following the 2010 Deepwater Horizon disaster in the Gulf of Mexico. The EPA said in a tweeted statement th...
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PayPal mends fences with crowdfunders with revised policies Like most relationship fixes, the secret sauce proved to be better communication. Over the last few months, PayPal has implemented two major changes to its crowdfunding policies.     
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Retail sales rise more than expected in February

L.A. Times - 14 Mar 2014 02:06
Retail sales rise more than expected in February The 0.3% increase beats forecasts for a 0.2% gain month over month and is the first increase since November.With the first hint of spring sunshine last month, shoppers began emerging from hibernation, fueling hopes that ...
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