Business News
Bitcoin Keeps Getting Smashed
Business Insider - 3 Apr 2014 05:02
More pain for Bitcoin. You know the drill: There's a crackdown in China and there's the IRS and everything else. It's now down below $430. Join the conversation about this story »
The Deepwater Building Boom
Forbes - 3 Apr 2014 23:58
Oil and gas companies are plunging back into the deepwater of the Gulf of Mexico with massive infrastructure investments.
How a High-Frequency Trader Guarded Its Algorithms
Wall Street Journal - 3 Apr 2014 06:01
The founders of new high-frequency-trading concern SXP planned to give profits to charity but instead stand accused of stealing algorithms from Quantlab, the powerful firm that fired two of them.
Health Department Shuts Down Rat-Infested Dunkin' Donuts
Business Insider - 3 Apr 2014 21:21
The New York City Health Department has reportedly shut down a Dunkin' Donuts in Manhattan after a video was posted to YouTube showing what appeared to be a rat crawling all over the store's bagels. A sign hung in the ...
6 Ways To Combat The Death Of Long-Term Employment
Forbes - 3 Apr 2014 06:04
A few weeks ago I wrote a post about why long term employment is dead and never coming back. The crux of the article was long-term and lifetime employment are pretty much non-existent today and aren't showing any signs...
HOUSE OF THE DAY: Entertainment Mogul David Geffen Supposedly Bought This Hamptons Compound For $67.5 Million
Business Insider - 3 Apr 2014 23:40
Rumor has it that billionaire music producer and film studio exec David Geffen bought an East Hampton compound nestled between the beach and Georgica Pond for $67.5 million, according to real estate blogger The Real Est...
Khosla Ventures' Keith Rabois finally launches his real estate startup
Venture Beat - 3 Apr 2014 23:25
Meet HomeRun, Keith Rabois' 11-year-old plan to streamline home sales.
The Audi TT's New 'Virtual Cockpit' Looks Incredible, But We're Puzzled By One Thing
Business Insider - 3 Apr 2014 23:20
Audi recently introduced an all new instrument display for the company's upcoming 3rd generation TT sports car, and it is nothing short of stunning. Gone are the physical gauges and separate multimedia screens: In its pl...
Snog, Marry, Avoid: a new stock-picking technique?
Telegraph - 3 Apr 2014 08:00
City analysts adapt student drinking game to analyse the new rash of IPOs
China Extends Tax Break Program to Spur Economy
The New York Times - 3 Apr 2014 05:51
China's cabinet decided to continue the breaks for small and very small enterprises through 2016 and said it was considering significantly broadening them.
European Investment Bank accused of engaging in hypocritical cover-up
The Guardian - 3 Apr 2014 02:59
EIB's failure to publish Mopani-Glencore report following allegations of tax avoidance is unacceptable, say NGOs
Here is why the World Bank withheld aid to Uganda
Washington Post - 3 Apr 2014 23:57
World Bank president Jim Yon Kim stopped by The Washington Post on Thursday to chat about some of the changes under way as the bank moves to eradicate extreme poverty by 2030. Throughout discussions about energy projects...
GM to Take $400m Charge for Venezuelan Currency
ABC News - 3 Apr 2014 23:57
GM to take $400m pretax charge for change in the value of Venezuelan currency
Money Market Fund Assets Fall by $13.12 Billion
ABC News - 3 Apr 2014 23:53
Money market fund assets fall by $13.12 billion to $2.63 trillion for the week
Co-operative Bank cuts back on credit cards to charities and parties
The Guardian - 3 Apr 2014 23:10
Just Friends of the Earth, Oxfam, RSPB, Save the Children and the Woodland Trust remain part of its charity cards offering
US court voids $920 million DuPont award in Kevlar case
Reuters - 3 Apr 2014 17:56
(Reuters) - A federal appeals court on Thursday threw out a $919.9 million jury verdict in favor of DuPont Co in a case over the alleged theft of trade secrets for a fiber used to make Kevlar bulletproof vests.
How Microsoft Is Positioning The Xbox To Take On Amazon, Roku And The Apple TV
Business Insider - 3 Apr 2014 06:14
Microsoft is latching onto its one reliably cool brand, Xbox, to gain a foothold in the next emerging arena in tech: TV. Since 2001, the Xbox has been gaining a foothold in the living room thanks to millions of hard-core...
Prada shares fall on luxury warning
BBC - 3 Apr 2014 06:01
Shares in luxury retailer Prada plunge more than 8% after the firm warns that sluggish sales in Europe and a maturing China luxury market could hurt profits.
Asian stocks at four-month high on US data
livemint.com - 3 Apr 2014 05:20
The yen languished at 10-week lows as equity markets rose, denting safe-haven demand for the currency
Reserve Bank playing waiting game with interest rates
The Guardian - 3 Apr 2014 03:30
Strong housing market means lower rates are unlikely and weak jobs growth means higher rates also unlikely
GM to take $400m charge for Venezuelan currency
Boston - 3 Apr 2014 23:58
DETROIT (AP) -- General Motors Co. says it will take a charge of $400 million pretax in the first quarter because of a change in the way it values Venezuela's currency.
Money market fund assets fall by $13.12 billion
Boston - 3 Apr 2014 23:53
Total U.S. money market mutual fund assets fell by $13.12 billion to $2.63 trillion for the week that ended Wednesday, according to the Investment Company Institute.