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Business News

Location American Business News for 16 April 2014
Man Pulls Submachine Gun Over 22¢ Tax: 'I'm Tax Exempt' No One Likes Paying Tax, But Pulling a Gun Over a 22-cent Tax May Be a New Record.
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Biggest tech IPO filing in history, Alibaba, may happen next week Chinese e-commerce titan Alibaba is widely expected to set the record for biggest tech IPO — and it may file next week. The Hangzhou, China-based company is expected to file the prospectus for its U.S. IPO next week, r...
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Was Steve Jobs a bully?

New York Post - 16 Apr 2014 04:26
Was Steve Jobs a bully? Witnesses at an upcoming trial over no-hire agreements in Silicon Valley should not be allowed to offer evidence that Apple co-founder Steve Jobs was "a bully," four major tech companies...
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Asian Markets Rise

Business Insider - 16 Apr 2014 05:17
Asian Markets Rise Asian markets are higher on the back of the rally in the U.S. stock market, and after Chinese Q1 GDP beat expectations. Japan's Nikkei is up 2%. Australia's S&P/ASX 200 is up 0.5%. China's Shanghai Composite is flat. Hon...
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From restaurants in New Orleans to oil boomtown Bismarck, North Dakota dozens of U.S. cities are seeing something that hasn't happened since before the 18-month recession beginning at the end of 2008: more "Help Wanted" ...
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GM Seeks Lawsuit Protection For Conduct That Occurred Before 2009 Bankruptcy DETROIT (AP) -- General Motors revealed in court filings late Tuesday that it will soon ask a federal bankruptcy judge to shield the company from legal claims for conduct that occurred before its 2009 bankruptcy. The aut...
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Yahoo earnings offer peek into Alibaba's cave of treasure

Washington Post - 16 Apr 2014 18:16
A slow buzz has been building around Alibaba, the Chinese e-commerce giant that is expected to debut on the American stock market in the next few weeks and whose valuation could be above $150 billion. Many Americans have...
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Deutsche Bank Is Reportedly Trying To Sell A Las Vegas Casino It Owns For More Than $2 Billion (DB) Wall Street has often been referred to as a casino, but one bank actually owns a Las Vegas casino. Deutsche Bank's portfolio includes the $3.9 billion Cosmopolitan of Las Vegas, which the bank finished building after the...
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The Next Chipotle: 12 Small Chains That Might Someday Dominate the World CREDIT: Veggie Grill There are few industries in America as glutted as the chain-restaurant market, but, luckily for fledgling eateries, gluttony loves company. And while fast-casual restaurants are a dime a dozen, only ...
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Supreme Court Could Make It Harder For Victims Of Hazardous Pollutants To Get Justice When Tate MacQueen pulled the yellow flyer from his Asheville, N.C., mailbox, his thoughts flew to his young children. The flyer warned of toxic contamination in the well water. "Nothing will raise your hackles like some...
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'Mad Men' Ad Scan: An Legendary Creative Director Dissects Freddy Rumsen's Accutron Spot For all its existential trappings, Mad Men is ultimately a workplace drama about mid-level ad agency.  And that's the one thing that Don Draper and Friends are good at: creating compelling spots.
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As Credit Dries Up, Smaller Companies in China Feel the Pinch

The New York Times - 16 Apr 2014 04:39
As Credit Dries Up, Smaller Companies in China Feel the Pinch Exorbitant interest rates and a scarcity of loans have turned financing into a challenge for those without the political connections to borrow at regulated rates.
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A surprising number of business executives are leaving their supply chains vulnerable to financial fraud, according to a new study by Deloitte Consulting LLP.
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If you think publishers in the U.S. spend a lot of time and energy thinking about Amazon's influence in the ebook market, you should talk to some UK publishers. In the UK, Amazon is even more top of mind, and for good re...
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PAYMENTS INSIDER: Banks And Heartbleed -- In-Depth On Peer-To-Peer Payments -- EMV Lag Payments Insider is delivered first thing every morning exclusively to BI Intelligence subscribers. BANKS REASSURE ON HEARTBLEED, BUT QUESTIONS REMAIN: The American Banking Association says that most Internet banking web...
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Alibaba Flexes Muscles Before IPO

Wall Street Journal - 16 Apr 2014 06:15
Despite challenges, a big surge in profits and revenue has put the Chinese e-commerce giant on track for a $15 billion stock sale, just shy of what Facebook sold when the social-networking firm went public in 2012.
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You are cordially invited to congratulate Paperless Post on its new $25M funding round Whoever said manners and courtesy were dead, clearly didn’t know about Paperless Post and its little invitations and cards empire. Tonight, the company confirmed that it has raised $25 million in a third round of insti...
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Google Inc. (NASDAQ:GOOGL)(NASDAQ:GOOG) is expected to report a jump in profit for the first quarter of 2013, as its strategy of packaging desktop, mobile and tablet advertising begins to pay off. Analysts say the move p...
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Can we finally call WordPress maker Automattic a billion-dollar company? Automattic, the company behind WordPress.com, may be raising a new $100 million round of funding, Fortune reports. If true, Automattic could be valued at over $1 billion following the round. Such a valuation reinforces p...
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Brave new wearable world: Crowdsourcing health, and the coming battle of bio-signals Guest Post: In the words of Aldous Huxley: "There is only one corner of the universe that you are certain of improving and that is your own self." Wearables are THE tool for self-improvement, or as we like to call it, s...
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Dating site Zoosk files $100M IPO after hitting 26M users The company will trade on the New York Stock Exchange under the symbol ZSK, according to the S-1 document it just filed to the U.S. Securities and Exchange Commission.
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Not good: Google's average cost-per-click is down 9% from last year According to its latest earnings report, Google’s average cost-per-click dropped sharply this quarter compared to last year’s Q1. If you ignored this stat, you’d see that the company’s ad business looks relativel...
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