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Business News

Location American Business News for 12 June 2014
Take A Virtual Tour Of Brazil's Iconic Painted Streets Celebrating The World Cup The World Cup begins Thursday, and Google has celebrated this week by adding a link to its homepage that lets you virtually tour the painted streets of Brazil. It's not just the streets that are painted; there's also som...
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Fund performance sagged as assets ballooned and performance sagged andndash; but the manager says his bad bets were the culprit.
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And the World's Most Expensive City for Expats Is... Down and out in Paris and London? Try spending a year in the world's biggest cost sinks, Venezuela, Angola or South Sudan
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Paula Deen returns but financial backer plays it safe

New York Post - 12 Jun 2014 18:03
Paula Deen returns but financial backer plays it safe Paula Deen said on Wednesday she was launching her own digital network, but her financial backer is waiting to see how she does before investing much money, The Post has...
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Interview With Rafat Ali Of Skift

Forbes - 12 Jun 2014 16:33
Interview With Rafat Ali Of Skift Rafat Ali discusses his new start-up Skift and his impressions of the travel space today in general.
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Aerial Shots Of FIFA World Cup 2014 Stadiums Viewed from helicopters flying from north to south Brazil, a look at some of the billion dollar upgrades and new stadiums built to showcase FIFA World Cup 2014 matches. On the black market, ticket prices are going for a ...
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Here are the keys to crack the code of the collaborative economy Guest Post: The collaborative economy requires efficient and effective resolutions in order to scale. And trust is essential.
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Uber starts paying users $250 to convert Lyft drivers In a new ad, Uber solicits users to do its dirty work. For $250 in free rides, all you have to do is intro a Lyft driver to Uber. Uber’s Twitter ad [below] marks the company’s latest attempt to undermine ...
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In Speech to Donors, Obama Deplores Fall of Student Debt Bill

The New York Times - 12 Jun 2014 04:58
In Speech to Donors, Obama Deplores Fall of Student Debt Bill Speaking at Worcester Technical High School in Massachusetts, the president chided Republicans for thwarting the loan relief legislation.
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These Are The Top Industries That Will Be Transformed By Drones There are still major safety, technological, and legislative hurdles to the deployment of drones for commercial purposes. Even so, it's a near certainty that drones will soon begin taking on a much larger role for busine...
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Twitter's COO Is Gone, But Its Growth Problem Remains He was supposed to be Mr. Fix-It, but Twitter COO Ali Rowghani failed to solve the one big problem in front of him: the company's disappointingly slow acquisition of new users over the last few quarters.
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Investors Are Betting A Meteor Won't Destroy America

Business Insider - 12 Jun 2014 18:15
Investors Are Betting A Meteor Won't Destroy America The search for yield has taken investors into the nether regions of the solar system. Last month, according to Artemis, a group that tracks catastrophe bonds, insurer USAA took out a policy against the risk it would have...
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The book publishing industry may be upset about Amazon's tough tactics in its contract dispute with publisher Hachette, but at least one group is cheering the retailer on: Wall Street.
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Being Treated as Invisible is More Harmful than Harassment

Harvard Business Review - 12 Jun 2014 14:30
In the workplace, ostracism is much more common than harassment.
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Brent climbs above $110 on escalating violence in Iraq Brent touches 2-week high at $110.4 on Iraq supply worries; Iraq violence could push Brent to $111.50, says analyst
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New Assurances From Fannie, Freddie on Stuyvesant Town

Wall Street Journal - 12 Jun 2014 05:34
Fannie Mae and Freddie Mac have agreed to consult with the city and tenant groups before investing in a future deal for the purchase of Stuyvesant Town and Peter Cooper Village, according to officials familiar with the m...
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(Reuters) - The U.S. Justice Department is spending some of the $13 billion JPMorgan Chase & Co agreed to pay to settle claims stemming from mortgage misdeeds to speed up similar punishments against other lenders, possib...
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(Reuters) - A federal judge on Wednesday said he would consider dismissing a U.S. Department of Justice lawsuit accusing Bank of America Corp of civil fraud in the sale of mortgage securities that soured during the globa...
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(Reuters) - Twitter is considering a shake-up in its top management, including a possible shift in the duties of Chief Operating Officer Ali Rowghani, technology news site Re/code reported, citing sources familiar with t...
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Report: Phil Mickelson Not Involved In Insider Trading Of Clorox Stock (Adds background) June 12
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Asian stocks fall most in five weeks after US equities decline The MSCI Asia Pacific Index dropped 0.6% to 143.67 as of 9.47am
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Financial skeletons could rattle a Hillary presidential run Hillary Clinton should adamantly avoid the topic of personal finances if she ever wants to become president. She's got so much financial baggage that the White House closets just wouldn't...
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