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Business News

Location American Business News for 25 March 2014

Watch: Candy Crush IPO Craze

ABC News - 25 Mar 2014 18:12
Watch: Candy Crush IPO Craze Steve Cortes on whether the next big IPO will be a trick or a treat
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The Maker Of Candy Crush Saga Sets IPO Price At $22.50 A Share (KING) King, the maker of addictive gaming app Candy Crush Saga, priced its initial public offering at $22.50 a share ahead of its public debut on the New York Stock Exchange tomorrow, CNBC reports. King ended up pricing its IP...
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Facebook Buying Oculus Virtual Reality Company for $2 Billion Facebook is set to purchase Oculus VR, a virtual reality headset company best known for its Oculus Rift gaming device, in an unexpected $2 billion dollar deal expected to close in the second quarter of this year
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Opportunity International and The MasterCard Foundation Plan To Help 7M Out of Poverty With $22.7M Partnership OI and The MasterCard Foundation plan to enter phase two of this partnership as they announce a $22.7 million expansion in funding, The Africa Growth and Innovations Initiative. The extension promises to support an addit...
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You’re fresh out of college, a new hire at the local CPA firm. It’s your first tax season, and you’re handed a business tax return to prepare.
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German business optimism slips amid Ukraine crisis

Miami Herald - 25 Mar 2014 12:49
A closely watched survey shows business confidence in Germany slipping back from a 2 ½-year high as tensions over Ukraine cloud companies' outlook for the next six months.
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Stocks in Tokyo are dented by a firmer yen while Chinese shares in Hong Kong fall as skepticism emerges around hoped-for stimulus measures.
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Biggest Eyewear Company Signs On With Google Glass

The New York Times - 25 Mar 2014 04:02
Luxottica Group, owner of brands like Ray-Ban, Oakley and manager of retail chains like LensCrafters and Sunglass Hut, will design, produce and sell frames for Google Glass, the wearable computer.     
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Hobby Lobby Billionaires 'Encouraged', 'Prayerful' After SCOTUS Birth Control Hearing Billionaire David Green believes God is the owner of his $3.3 billion (revenues) craft chain Hobby Lobby. Whether a for-profit corporation can have religious beliefs is at the center of Green's Supreme Court battle again...
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China's tech economy heats up with Alibaba IPO and two new venture funds from stalwarts DCM and Qiming Venture.
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Disney to buy YouTube video producer Maker Studios

Miami Herald - 25 Mar 2014 12:49
Disney to buy YouTube video producer Maker Studios Disney said Monday that it is buying YouTube channel operator Maker Studios for $500 million as the family entertainment giant seeks to stay in front of younger viewers who are increasingly watching short videos online.
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Why I'm betting against Warren Buffett

Market Watch - 25 Mar 2014 12:01
Money manager Nicholas Vardy is a Berkshire Hathaway shareholder, but he still believes U.S. small-cap stocks will outperform Warren Buffett's company over the next decade.
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There is a consistent pattern when it comes to hacking in the US: when a big retailer is hacked, it is more likely than not that it has fulfilled the industry standards regarding cyber security requirements, which are sp...
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Trading Winds Blow Cold for Some Hot Stocks

Wall Street Journal - 25 Mar 2014 06:29
What goes up must come down, a lesson investors in some of the fastest-climbing U.S. stocks are learning the hard way.
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Metals Stocks: Gold bounces off five-week lows

Market Watch - 25 Mar 2014 06:05
Gold rises ahead of a raft of economic data, gaining back some of the recent losses that have brought prices down to February lows
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Oprah Winfrey Network to move to West Hollywood studio lot OWN plans to relocate into a new office building at the former Warner Hollywood Studios, now called the Lot.The headquarters for Oprah Winfrey's television network will join comedy website Funny or Die in a new office bu...
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Feeling ill-effects of private long-term care insurance A couple in their mid-60s were recently told that premiums for their long-term care insurance under John Hancock would nearly double."No carrier takes pleasure in raising rates or doing anything that is disruptive to the...
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Hackers give a boost to credit monitoring firms

L.A. Times - 25 Mar 2014 03:45
Hackers give a boost to credit monitoring firms Data breaches such as the one at Target are causing more people to turn to credit monitoring services and identity theft trackers.Increasing activity by data hackers has produced millions of victims and one clear winner:...
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Facebook is buying Oculus for $2B to 'get ready for the platform of tomorrow' Connect with leaders from the companies in this story, in real life: Come to the fourth annual VentureBeat Mobile Summit April 14-15 in Sausalito, Calif. Request an invitation. "Mobile is the platform of today, and now w...
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Facebook acquires Oculus VR for $2 billion

Venture Beat - 25 Mar 2014 23:45
Facebook acquires Oculus VR for $2 billion Facebook is a virtual-reality company now.     
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Turn Your Great Idea Into The Next Big Thing By Tamara Monosoff, author of  The Mom Inventors Handbook
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10 Female Tech Founders To Watch In Africa

Forbes - 25 Mar 2014 23:36
10 Female Tech Founders To Watch In Africa A handful of incredible African women are building successful tech companies that are upending industries and setting industry standards in Africa. These are 10 you need to know.
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