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Business News

Location American Business News for 21 May 2014

Three Inches Of Golf-Ball Sized Hail Just Hit Denver

Business Insider - 21 May 2014 23:38
Three Inches Of Golf-Ball Sized Hail Just Hit Denver A big storm just rolled through Denver, leaving about 3 inches of hail in its wake. There was also a tornado warning, though we haven't gotten official word of a touchdown yet. Here are some images and videos of the hail...
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Just like drug giants are merging and restructuring their assets to be more efficient, hospitals are merging as well to usher in a brave new world  of population health management, which will provide services for a flat...
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How To Know When To Grow

Forbes - 21 May 2014 22:02
How To Know When To Grow By Natalie Burg
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U.S. officials cut estimate of recoverable Monterey Shale oil by 96% Federal energy authorities have slashed by 96% the estimated amount of recoverable oil buried in California's vast Monterey Shale deposits, deflating its potential as a national "black gold mine" of petroleum. Just 600 m...
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Warren Buffett's Chinese Automaker Has Sold A Million Cars That Look Like Toyotas In The Front And Hondas In The Back In 2013, Warren Buffett-backed BYD Auto (pronounced Bee-Yeah-Dee) sold more cars than any other Chinese domestic brand, according to China Auto Web. In that same period of time, BYD generated an $89 million profit. Sin...
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Nigerian markets remain resilient despite much media attention on the violent actions of Boko Haram, the militant group responsible for killing more than 30 people in attacks on two villages on Wednesday and bombing in t...
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The World's Calmest Baseball Fan Has A Priceless Reaction To A Ball Landing In His Lap Catching a ball is one of the single most exciting experiences you can have at a baseball game. Do not tell that to this Red Sox fan in a Hartford Whalers t-shirt at Tuesday night's game. A ground-rule double literally l...
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In 2013 JPMorgan Chase (NYSE:JPM) paid $20 billion in fines for various regulatory infractions and the next year it gave its CEO Jamie Dimon a raise. It was definitely not the bank's finest hour. Well, now Dimon's offere...
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A US Army Captain Stationed In Afghanistan Surprised His Daughter At Columbia University Graduation A graduating Columbia University student was brought to tears when her father — a U.S. Army Captain currently stationed in Afghanistan — unexpectedly showed up to see her receive her diploma on Monday. When Columbia ...
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Loeb's Sotheby deal no easy victory

New York Post - 21 May 2014 04:23
Loeb's Sotheby deal no easy victory Dan Loeb's successful battle for Sotheby's board seats is looking like a Pyrrhic victory -- at least for now. Loeb's near-$300 million stake in Sotheby's appears to be approximately $11...
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By Leonard Sommer
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Yahoo Japan cancels US$3.2B acquisition of eAccess from SoftBank Yahoo Japan withdrew from its plans to acquire eAccess from SoftBank for 324 billion yen (US$3.2 billion) as the companies decided that they did not need to merge.
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A Doorman For A Trendy NYC Nightclub Was Allegedly Beaten By MMA Fighters After Turning Them Away Talk about a tough door. The doorman to the celebrity-studded club 1Oak was allegedly beaten by a group of seven men early Monday, including two members of the mixed martial arts group Gracie clan. Craig Molesphini, the...
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Three ways big data is helping companies make more money With today's data, we could cure cancer, save the rain forests, predict epidemics, reverse climate change, improve infant mortality rates, eradicate crime... But mostly, we're using it to sell stuff.
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The 15 Highest-Grossing iPhone And iPad Games

Business Insider - 21 May 2014 03:57
The 15 Highest-Grossing iPhone And iPad Games The mobile app industry is booming, with global revenue from app stores projected to hit $25 billion this year and $46 billion by 2016. Top-grossing games are all free downloads that convince people to pay real money for...
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The Flurry of Minimum- and Living-wage Initiatives

The Huffington Post - 21 May 2014 03:35
The Flurry of Minimum- and Living-wage Initiatives The surprise is not that the Swiss voted down, 76-24, a minimum wage of $25, which would have been the highest in the world. It is also no surprise that the Swiss voted down a 12-to-1 maximum ratio of top salaries to tho...
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Lone Star, J.P. Morgan Near Purchase of Spanish Loans

Wall Street Journal - 21 May 2014 03:34
Commerzbank is in final-stage talks to sell a multibillion-euro portfolio of Spanish real-estate loans and assets to Lone Star and J.P. Morgan, showing renewed interest in one of the most-battered property markets in Eur...
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Bullish: How Business Is a Lot Like Dating

The Huffington Post - 21 May 2014 03:05
Bullish: How Business Is a Lot Like Dating Business is a lot like dating. Like cold-hearted, competitive dating among people who don't love each other, but rather are using each other for mutual, albeit temporary, ends. Once upon a time, when I was considering mo...
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New York Fed President Sees Inflation Drifting Up

The New York Times - 21 May 2014 03:00
Speaking at an event in New York, William Dudley said the trajectory of economic growth continues to disappoint.
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Duetto helps hotels fight back against Kayak, Priceline, & Hotwire The days of finding ridiculously good deals on hotel rooms may be coming to an end, if the startup Duetto has its way. The company sells subscriptions to its cloud-based software, which helps hotels sell all of their roo...
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Here's how Microsoft made the Surface Pro 3 so thin (video) Microsoft had to make its own fan because no other existing option would fit inside the case.
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EDP Biotech Corporation Advances Breakthrough Blood Test for Colon Cancer Detection Sponsored Post: EDP Biotech Corporation, an in-vitro cancer diagnostics development company, today announced that its abstract "CA 11-19: A Tumor Marker for the Diagnosis of Colorectal Cancer" has been accepted for prese...
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