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Business News

Location American Business News for 19 May 2014
Bill Ackman, Marc Lasry And A Bunch Of Wall Streeters Played In A Charity Tennis Tournament This Weekend The tennis community on Wall Street is extremely tight-knit. At 7 a.m. on Saturday mornings, you can probably find Bill Ackman of Pershing Square and other finance folks playing on the Randall's Island courts.  This wee...
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Moving Ahead on Old GM Site in Westchester

Wall Street Journal - 19 May 2014 05:50
A California developer that was a partner with Lehman Brothers Holding Inc. in several money-losing real estate deals is a key player in Westchester County's long-delayed plan to redevelop the site of a former General Mo...
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The UK has long been a popular property investment destination for developers at home and abroad. However, over the past few years it has been attracting particularly large quantities of foreign investment, particularly ...
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FHA's homeownership initiative gets mixed reactions

Chicago Tribune - 19 May 2014 03:54
A new proposal from the Federal Housing Administration would lower mortgage insurance premiums for borrowers who complete homeowner counseling before and after they receive a government-backed mortgage.
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UK home owners expecting interest rates to rise

Property Wire - 19 May 2014 08:50
Home owners in the UK were already anticipating a rise in interest rates before the governor of the Bank of England warned that the property market is in danger of overheating. This weekend the governor Mark Carney warne...
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What's the Deal

Wall Street Journal - 19 May 2014 05:42
A roundup of commercial real-estate transactions from across the tri-state region.
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DealBook: Credit Suisse Set to Plead Guilty in Tax Evasion Case The Swiss bank, which has large investment banking operations in New York, will also pay about $2.6 billion in penalties and hire an independent monitor for up to two years.
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97 People Arrested For Hacking Into Webcams Remotely And Spying On People After nude photos of Miss Teen USA were captured last year by 20-year-old hacker Jared James Abrahams, a global investigation has been looking into the use of personal webcams to spy on individuals. According to The Tele...
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Renegade Drone Pilots Just Flew Over The World's Tallest Building And Filmed The Whole Thing Team Black Sheep, an R/C hobbyist group noted for various drone-related stunts (we especially like the video of their tearing up the skies of New York City), has released its latest video. This time they're flying around...
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Soybeans Rise on Signs That Supplies Remain Tight Soybeans futures rise on signs that supplies remain tight; Metals prices edge higher
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Michael Bloomberg Wants To Ban Guns In Chipotle

Business Insider - 19 May 2014 23:23
Michael Bloomberg Wants To Ban Guns In Chipotle Everytown for Gun Safety, the gun control group backed by former New York Mayor Michael Bloomberg, is calling on the Chipotle restaurant chain to crack down on guns in its stores. In an email sent Monday titled "Burritos...
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Feds Ever-So-Gently File Criminal Charges Against Credit Suisse

The Huffington Post - 19 May 2014 23:03
Feds Ever-So-Gently File Criminal Charges Against Credit Suisse The U.S. government has finally backed up its boast that no bank is too big to jail, if by "jail" you mean "vigorously slap on the wrist." The Justice Department on Monday filed criminal charges accusing Swiss banking gi...
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The best data on customer relationships is in your email, RelateIQ says Customer relationship intelligence should be about augmentation as much as it is about automation, says RelateIQ CTO Adam Evans.
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The 13 Best Restaurants In New York City

Business Insider - 19 May 2014 19:21
The 13 Best Restaurants In New York City With 65 Michelin-starred restaurants — seven of which hold three star ratings — and more impressive new establishments opening up year after year, New York City is the gourmand capital of America. It's easy to see...
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It would be nice if we could tackle inequality with a growth approach and without some sacrifices from the wealthy, but that path simply doesn't exist.
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A reading list.
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What does a mainland company really mean when it tells shareholders that 20 out of 23 investment banks give a "buy" rating? Consider the case for real estate developer Greentown China, whose chairman Song Weiping, said h...
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Pfizer ups offer for AstraZeneca again, to $119B

Miami Herald - 19 May 2014 06:16
U.S. drugmaker Pfizer announced that it has raised its offer for British rival AstraZeneca for a third time, hiking its stock-and-cash offer by 15 percent to $118.8 billion, or 70.73 billion pounds.
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Owners allowed to inspect, copy association contracts

Chicago Tribune - 19 May 2014 03:59
Q: I live in a town home community association where the board contracted with a new management firm within the past year. Several of the owners have requested a copy of contracts to which the association is a party, inc...
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How Airbnb used data to propel its growth to a $10B valuation Guest Post: In an interview with Riley Newman, head of data science at Airbnb, we learned a valuable framework in thinking about concrete ways that data science helped prioritize product decisions and power Airbnb's trem...
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Business Is About People Intelligence

Forbes - 19 May 2014 23:42
f corporations are to grow and compete in the 21st century, one fact remains certain: they must become more knowledgeable and strategic about how to best serve the demographic shift - the new faces of their employees and...
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Sports camera company GoPro is officially going public GoPro, a name synonymous with extreme sports videos, just filed for its IPO. GoPro announced its intention to file way back in February. As we said three months ago, the filing was inevitable: Last year GoPro founder Nic...
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