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Business News

Location American Business News for 5 June 2014
FMC tells NSEL to file recovery suits against defaulters The commodity markets regulator sets two-week deadline for a plan to recover Rs5,574.35 crore in the payments crisis
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Stanford Student's Viral Email About Her Sexual Assault Prompts Major Campus Protest A large group of Stanford University students rallied Thursday to support a female undergraduate who has publically criticized the school's sexual assault policies after she was a victim of rape earlier this year. Stanfo...
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Data protection company Infrascale acquires new funding & a new company Someone in the data protection space is having a really good day — new funding and an acquisition. That someone is Infrascale, which announced today that it has raised $16.3 million in a second round of institutional f...
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The Solar-Powered Airplane That Can Fly Forever Makes Its First Flight With a wingspan longer than Boeing's 747 jumbo jet, the Solar Impulse 2 took off from its home base in Switzerland on its maiden flight this week. First unveiled to the public in April, the solar-powered craft is set to ...
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A Chemist Has Uncovered A Secret To Brewing Delicious Coffee At Home Christopher H. Hendon, a PhD student in theoretical and computational chemistry at the University of Bath, was sitting in his local coffee shop when he overheard a conversation between two frustrated baristas.  "They w...
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India likely to miss 12th Plan target on gas pipelines Implementation hurdles and unviable tariffs have slowed work on pipelines
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M&S Boss Marc Bolland Takes 26% Pay Cut

Sky News - 5 Jun 2014 16:20
M&S Boss Marc Bolland Takes 26% Pay Cut The retailer's chief executive and members of his top team take a financial hit after three years of declining profits.
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BILL MILLER: Here's Why Jeff Gundlach Is Wrong About Housing Bond manager Jeff Gundlach is famously bearish on housing these days. He recently argued in favor of shorting the homebuilders: [Gundlach] said that the bulls use affordability for their argument. However, Gundlach belie...
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(Reuters) - Sprint Corp (S.N) is closing in on an agreement to pay $40 a share to buy T-Mobile US Inc (TMUS.N), Bloomberg reported on Wednesday, drawing the two companies toward a deal to combine the country's third- and...
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Citigroup doesn't have to admit wrongdoing

New York Post - 5 Jun 2014 03:44
Citigroup doesn't have to admit wrongdoing Guilty, not guilty -- who cares? Citigroup doesn't have to worry about being forced to admit wrongdoing in a three-year-old regulatory settlement after a federal appeals court on Wednesday ruled...
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VeriFone shares rise after the electronic payment systems company's quarterly earnings and sales top Wall Street estimates.
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State House votes to alter Consumer Protection Act

Miami Herald - 5 Jun 2014 22:47
The state House has passed legislation blocking certain insurance lawsuits under the Michigan Consumer Protection Act.
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Why Mosquitoes Bite Some People But Not Others

Business Insider - 5 Jun 2014 22:17
Why Mosquitoes Bite Some People But Not Others     ALSO WATCH: 7 Proven Tactics To Read Body Language Follow BI Video: On Facebook Join the conversation about this story »
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15 Ridiculous Selfies Snapchat Employees Like To Send Their Friends Snapchat CEO Evan Spiegel turned 24 this week (congrats!). In honor of his birthday, we've put together favorite selfie faces of the 60-some employees who helped build the photo messaging service. The images are taken fr...
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Justices Should Decline Solicitor General's Misguided Advice, Review State Antitrust Liability Case In adopting the Natural Gas Act (NGA), Congress determined that wholesale natural gas pricing issues should be the exclusive preserve of the Federal Energy Regulatory Commission (FERC) and thus that State efforts to regu...
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Arachnys: Solving The Problem Of Due Diligence Across Borders David Buxton, co-founder of Arachnys, helps some of the world?s key financial organisations achieve due diligence across the globe. He describes the journey from sparky start-up to international player
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WASHINGTON
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GM recall probe to be made public; 3 key questions

Miami Herald - 5 Jun 2014 06:10
GM recall probe to be made public; 3 key questions Along rows of cubicles at the General Motors Technical Center in suburban Warren, engineers knew for years about faulty ignition switches in small cars. Safety officials in the same complex knew, too. So did the lawyers ...
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South Korea's 1Q growth hits 3-year high

Miami Herald - 5 Jun 2014 05:51
South Korea's economic growth hit its highest level in three years in the first quarter, boosted by new home construction and exports of electronics.
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SolarWorld's Trade Dispute Continues To Haunt China No respite from Washington for investors in Chinese solar stocks.
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VIDEO: Ericsson to minimise electronic waste What happens to the TVs, computers and smartphones we throw out? Telecoms giant Ericsson talks about the challenges in tackling the problem.
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(Reuters) - U.S. stocks edged up on Wednesday with the S&P 500 ending at a new record as investors brushed off weaker-than-expected labor market data and focused on an acceleration in services-sector growth.
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