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Business News

Location American Business News for 14 Jul 2014

This Is GoPro's Plan toIPOs can not only provide startups with new capital, they can also offer a lot of free publicity, especially when the company has a product beloved by its users, a charismatic fuonder and a backstory... of entrepreneurial grit. In that sense, GoPro’s IPO has been nothing short of a boon for the company. MoreAmazon Wants…
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Most People Are Still ConfusedConsumers aren't using cloud storage services in very large numbers, even as nearly every Internet user is on the cloud in some way. Almost 90% of U.S. broadband users polled have at least heard of... "cloud storage," according to a study from nScreenMedia. But only 29% said they currently use it, and about half of the respondents had either never heard of cloud storage services, didn't use them, or reported not knowing anything about them. This is a huge opportunity for cloud service companies to build out their audiences. In particular, usage of cloud storage services, such as iCloud, Dropbox, and Microsoft OneDrive, will soar over the next few years as more consumers come to understand the value of storing their data, files, and media online.   For now,  a new report from BI...
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Warren Buffett And PaulBy now you may have seen the latest selfie posted by Omaha kid Tom White. If you haven't, here it is again: It shows White posing in front of — not exactly with — Paul McCartney and Warren... Buffett.  pic.twitter.com/VghTM5L7Gh — Tom White (@WHITE_estkid) July 14, 2014 It looks too weird to be real. But it is: a bunch of people took with Omaha's noted oracle and McCartney, who was scheduled to perform in Lincoln Sunday. There were others. Just another night in Dundee hanging out with @PaulMcCartney and @WarrenBuffett #omaha pic.twitter.com/1UlAzRXX1Q — TomBecka (@TomBecka) July 14, 2014 Omaha ice cream joint eCreamery later posted some photos of the duo on their Facebook page. Paul McCartney and Warren Buffett in Dundee. Middle aged white women goin HAM....
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Jenny McCarthy Gets 'Dirty,After announcing last week that she is leaving "The View" after just one tumultuous season as co-host, Jenny McCarthy has already landed her next gig. McCarthy, 41, will be joining SiriusXM to... host a weekly satellite radio show, titled ”Dirty, Sexy, Funny with Jenny McCarthy," where she will take on topics such as parenting, sex, dating, and marriage. Airing Wednesdays starting July 16, the show will feature guests such as Chelsea Handler, Perez Hilton, McCarthy's fiancé Donnie Wahlberg, along with “many others” yet to be named. “It's no secret that I love to talk. I'm excited to do it on SiriusXM without having to interrupt anyone or keep things clean. You can bet your sweet ass this show will live up to its title,” McCarthy...
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Gold slipped, losing ground ahead of a heavy slate of economic data and earnings in the days ahead.
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The 13 Money Mistakes MostFor those who've beaten the odds to create a successful business, congratulations. But your challenges are only beginning. This is the phase where millions of viable organizations will now trip on... their long term planning or will miss the factors that could be bringing greater profitability from current operations their way.
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HOUSE OF THE DAY: $65 MillionAnother incredible Hamptons estate is up for grabs. Known as "Angel View," the 15,000-square-foot estate in North Haven is selling for an astronomical $65 million through Harald Grant of... Sotheby's. Although the identity of the owners is private, Grant told The Wall Street Journal that they are looking to downsize now that their children are grown up. The home sits on 6.5 acres and has 500 feet of waterfront on Noyack Bay. Amenities include a "grotto" room with an indoor pool, two outdoor infinity pools, and a tennis court. Welcome to the 'Angel View' estate in North Haven, near Sag Harbor. The Tudor-style home has had the same owners for the past 18 years. The six-bedroom, eight-bathroom mansion is designed with wood accents. See the rest of the story at Business Insider
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Detroit: Bankruptcy vote to be revealed next week

News Observer - 14 Jul 2014 18:07
Detroit says it's on track to publicly disclose voting results in the city's bankruptcy case next Monday.
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PARIS/BOSTON
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America's six largest banksBanks expected to show quarterly revenue declined 5.6% from previous year and that they have been affected by poor trading
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Behind the Scenes of Citigroup's $7 Billion Settlement

Wall Street Journal - 14 Jul 2014 05:10
The arrest of a suspected Middle Eastern terrorist may have spared Citigroup a damaging lawsuit by the U.S. government over soured mortgage securities.
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6 Magic Traits ofAn employee survey turned into much more when a set of fascinating themes emerged.
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11 Tiny Design Features ThatApple products have always been known for their quality design and attention to detail. Many of these details go unnoticed by the average Apple user, or are only useful to a relative handful of people... using the product. Some features are handy while others are purely cosmetic, but Apple included them anyway. Here are the best of these little design flourishes. A smart fan that listens: When engaging the voice dictation feature on new Mac laptops, Apple automatically slows the internal fan speed to better hear your voice. Source: (Reddit, Johnbonbobon) A 'breathing' sleep light: Apple has a patent dating back to 2002 for a "Breathing Status LED Indicator." The patent describes a "blinking effect of the sleep-mode indicator [that] mimics the rhythm of breathing which is...
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Gateways To The Clouds

Forbes - 14 Jul 2014 21:12
Gateways To The CloudsFew companies are willing to put all or even most of their valuable active content in the cloud. It just might not be available when you need it. But the cloud is very attractive as a disaster... recovery site as well as archiving, content delivery and collaboration. Cloud resources also allow separating operating costs from capital costs and only paying for resources when you use them. Undoubtedly people will use resources in the cloud for more applications as time goes on. Cloud gateways will serve an important function in using the cloud and for many users are their Gateways to the Cloud.
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Buying fake leads? LeadIDLeads can easily be sold for $35 or more for potentially high-value customers, such as post-secondary students. But that's a fraction of their true worth ... if they can be better authenticated.
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Goldman Sachs: Earnings Preview

Bidness etc. - 14 Jul 2014 18:30
Goldman Sachs: EarningsGoldman Sachs Group Inc. (GS) is set to announce its second-quarter earnings before the market opens tomorrow. The earnings results should have some impact on the sector in particular and the market... at large.
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Samsung Suspends Ties WithIf further investigation shows child labor was used, Samsung will permanently stop doing business with Shinyang, China.
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GT Advanced Technologies SinksGT Advanced Technologies Inc. (GTAT) is plummeting in the early minutes of trading after CLSA analyst Mark Heller gave a conservative guidance for sapphire. Heller has cut sapphire capacity and... revenue estimates by 50% for the year due to poor yields in sapphire production. He said GT Advanced is having issues ramping up production at new furnaces. The company is expected to solve these problems over time with Apple Inc. (AAPL) increasingly adopting sapphire. While many analysts believe GT is providing sapphire for Apple's iWatch, Mark notes it otherwise.
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NEW YORK (TheStreet) -- Mondays at the office are never fun, but they don't have to be stressful if you plan ahead. Experts weigh in on five things to do on Fridays to set yourself up for a... successful, worry-free start to the week. 1. Catch up on email If Mondays are a nightmare simply because of the volume of unread email in your inbox, get a jump-start on your responses, recommends Cathy Renda, senior employee engagement manager at WynterWyman. "If you can clean out a little of that backlog on Friday, on Monday you'll be able to respond to what's new rather than playing catchup all day," Renda says. "When you have old emails to answer on top of the ones coming in, it can feel like you're fighting a losing battle." If you don't want to be stuck at your office late on Friday responding to...
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Ireland's recovery is picking up speed, but it still has a long way to go before it takes off. The post Chart of the week: Ireland's economic recovery gathers momentum was first published on... MoneyWeek.
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Shire says it is now in detailed talks with fellow pharmaceutical company AbbVie over its new takeover proposal, valued at more than $53 billion
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Metal companies gain optimism ahead of China GDP

The Economic Times - 14 Jul 2014 08:54
Shares in metal refiners rose with Hindalco Industries gaining over 3.5 per cent on optimism ahead of China GDP data due on Wednesday, several traders said.
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Finance ministry wants taxman not to harass taxpayers

The Economic Times - 14 Jul 2014 08:39
The FM and tax authorities are also expected to prepare the strategy for mopping up revenues against the backdrop of a sluggish economic situation.
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The dollar edged up against the yen on Monday in Asia, as investors took to the sidelines ahead of testimony by Fed Chairwoman Janet Yellen and Portugal worries subsided for the time being.
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Sasol’s R4.6bn antitrust fine was cut after judges said EU regulators had wrongly blamed the firm for the behaviour of a unit.
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