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Location American Business News for 23 May 2014

Reference-Check Your Future Boss

Harvard Business Review - 23 May 2014 16:00
The interview process shouldn't be a one-way street.
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Kenyan Mogul Naushad Merali Retires As Airtel Chairman Kenyan businessman Naushad Merali has retired as chairman of Bharti Airtel's Kenyan operations.
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(Reuters) - Four major Silicon Valley companies have formally agreed to pay $324.5 million to settle claims brought by employees accusing them of colluding not to poach each other's talent.
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Politician Tries To Blame Another Guy With The Same Name After He's Busted Blocking Low Income Housing New York Assembly Speaker Sheldon Silver, one of the three most powerful people in state government, had a rather novel excuse when the New York Times dug up evidence of him fighting attempts to build low income housing ...
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This Photographer Asked Strangers To Touch Each Other, And The Pictures Are Incredible For the last 7 years, photographer Richard Renaldi has gone to various parts of America to take portraits of strangers that make them look like friends, family members, or even lovers. The point of the project, Renaldi s...
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23 Awesome Photos From The Berlin Air Show

Business Insider - 23 May 2014 22:33
23 Awesome Photos From The Berlin Air Show The 2014 edition of the Berlin Air Show took place this week at Berlin ExpoCenter Airport, with festivities both in the air and on the ground. First held in 1909, the air show proclaims itself to be the longest-running s...
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The FT Isn't Just Saying Piketty Made A Mistake -- It's Saying He Manipulated Data Financial Times economics editor Chris Giles says French economist Thomas Piketty's best-selling "Capitalism in the 21st Century," about rising inequality in the West, contains serious errors that undermine his conclusio...
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Not too long ago, credit card companies could jack up your interest rate or change your payment due date without warning, a tactic that, not surprisingly, led to late payments. And if you paid late or exceeded your credi...
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The World Trade Organization upheld the European Union's ban on the import of seal pelts, oil and meat on moral grounds.
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How Warren Buffett Would Cash In On Mobile Home Deregulation

The Huffington Post - 23 May 2014 03:35
How Warren Buffett Would Cash In On Mobile Home Deregulation WASHINGTON -- Warren Buffett's Berkshire Hathaway conglomerate owns the two dominant lenders in the mobile home business -- 21st Mortgage Corp., and Vanderbilt Mortgage and Finance Co. Buffett's companies on Thursday man...
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Your startup does best when your employees can challenge & disagree with you Guest Post: Whether you run your own company or work for a great one, it's important to always challenge the status quo and pursue constant improvement. Never let "that's just how we've always done it" be a phrase that's...
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Time Inc. to Leave Midtown After 55 Years

Wall Street Journal - 23 May 2014 05:58
Time signed a lease with Brookfield Office Properties Inc. to take 700,000 square feet of space at 225 Liberty St., which is part of the complex formerly known as the World Financial Center.
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A Modest Proposal For Licensing Patents

Forbes - 23 May 2014 04:35
A Modest Proposal For Licensing Patents Many people in the technology licensing field paid close attention to the experiment conducted by Penn State University when they licensed 59 portfolios of patents through an online auction during a two week period in ea...
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U.S. Stocks Are Attempting To Break Out Again U.S. stocks are attempting to break above their key resistance levels after last week's failed breakout.
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Looking Back: The Incredibly Fast Rise And Fall Of The Struggling E-Commerce Startup Fab More bad news hit the struggling e-commerce startup Fab last night: The company sent an email telling many of its employees not to show up to work today, likely ahead of the extreme New York City layoffs rumored last wee...
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(Reuters) - Coca Cola is expected to launch a new product - "glacéau smartwater" - in Britain, aimed at the country's 1.4 billion pound ($2.4 billion) bottled water market, a decade after its Dasani brand failed in the ...
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Indian bonds set for biggest weekly gain since November on cash India's overnight interbank borrowing rate has slid to 7.1% from 9% at the end of last month
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Private Equity Backs Off on European Deals

Wall Street Journal - 23 May 2014 02:57
Entrepreneurs and wealthy families are beating private-equity firms in Europe at their own game--leveraged buyouts.
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$200 Million Could Curb Pension Cuts in Detroit

The New York Times - 23 May 2014 02:46
The Michigan State House on Thursday agreed to contribute nearly $200 million in state money for a deal to spare Detroit's retirees from larger pension cuts.
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Competing Visions for Russia's Economic Future

The New York Times - 23 May 2014 02:34
Competing Visions for Russia's Economic Future The St. Petersburg International Economic Forum aims to woo foreign investment, but the event is under a cloud this year as Russia stands on the verge of recession.
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Housing Recovery a Tricky Balancing Act

Wall Street Journal - 23 May 2014 02:33
Ahead of the Tape: Builders responded to the housing bust by building far fewer homes. But it appears they weren't conservative enough.
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Friday Sector Laggards: Energy, Utilities

Forbes - 23 May 2014 20:46
Friday Sector Laggards: Energy, Utilities The worst performing sector as of midday Friday is the Energy sector, showing a 0.3% loss. Within that group, Diamond Offshore Drilling (NYSE: DO) and Cameron International (NYSE: CAM) are two of the day's laggards, show...
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