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Business News

Location American Business News for 2 August 2014
Texas woman sues Facebook for $123 million for keeping revenge porn post live Facebook battles a $123 million lawsuit after a Texas woman blames the social networking site for delayed action on a revenge porn post. The plaintiff is seeking compensation for trauma, as well as mental and physical su...
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Argentina and Singer caught in financial tango

New York Post - 2 Aug 2014 03:51
Argentina and Singer caught in financial tango Don't expect Argentina President Cristina Kirchner to order her Economy Minister, Axel Kicillof, back to the negotiating table in New York anytime soon. Despite the fact the embattled country defaulted...
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China interest in Microsoft may go beyond antitrust concerns Roughly 100 officers with the Chinese government launched a surprise investigation at Microsoft's offices in China. Antitrust allegations may be veiling an attempt to hinder operations of foreign tech firms in favor of C...
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PG&E to stop providing bottled water in Hinkley

Miami Herald - 2 Aug 2014 21:34
A utility is halting its program that supplied bottled water to a Mojave Desert community whose toxic chromium contamination was portrayed in the movie "Erin Brockovich."
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NEW YORK (TheStreet) -- Jim Cramer fills his blog on RealMoney every day with his up-to-the-minute reactions to what's happening in the market and his legendary ahead-of-the-crowd ideas. This week he blogged on: Sign...
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How menus trick you into spending more

Market Watch - 2 Aug 2014 16:53
Restaurant menus are carefully designed to encourage diners to spend more.
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NEW YORK (TheStreet) -- VTTI Energy Partners's initial public offering may open U.S. investors to a unique type of infrastructure master limited partnership (MLP). The company will package growth opportunities from forei...
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French Police Officer Arrested For Allegedly Stealing Cocaine In Heist Straight Out Of A Crime Movie A French narcotics police officer was arrested Saturday on suspicion of stealing over 50 kilos of seized cocaine from the Paris police headquarters. The 34-year-old officer, who was not publicly identified, was believed ...
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Stanford breakthrough might triple battery life Stanford claims advance in quest for pure lithium battery.          
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Bits Blog: Microsoft Sues Samsung Over Android Royalty Payments The lawsuit claimed that Samsung failed to follow the terms of a 2011 patent licensing deal between the two companies.
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The S&P 500 Suffers Worst Week in 2 Years

Boston - 2 Aug 2014 02:03
Markets ended the day lower across U.S. indexes - and sectors - Friday - but avoided the kind of steep selloff we saw Thursday. The S&P 500 saw its steepest weekly drop in two years. The Dow and the Nasdaq also finished ...
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Man wounded in West Woodlawn shooting

Chicago Tribune - 2 Aug 2014 23:33
Man wounded in West Woodlawn shooting A 22-year-man was wounded this afternoon in a shooting on the city's South Side in the West Woodlawn neighborhood.
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Incredible Pictures Of The Isolated Island Called 'The Most Alien-Looking Place On Earth' One hundred and fifty miles off the Horn of Africa lies a tiny archipelago of islands known as Socotra. Because of its extreme isolation from other land masses, Socotra has very unique plant life, a third of which can be...
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Twitter Q2 earnings soar above expectations. Thanks to 271 million active users Twitter's revenue of $312 million for the second quarter exceeded the expectations of analysts, which expected earnings of only $283 million for the company.
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The Not-So-Broken-Windows Theory Of Company Culture And Excellence Every consultant has his or her shortcuts. For me, if I want to quickly size up a company's culture, customer-centricity, and organizational excellence, and I want to do it without taking a backstage tour or even lookin...
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Allergan claims Bill Ackman broke insider-trading rules Botox maker Allergan sued hedge fund titan Bill Ackman on Friday, claiming the investor violated insider-trading regulations. The suit, which also names Ackman's Pershing Square hedge fund and pharma giant...
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Britain Fails to Find Riches It Expected in Swiss Accounts

The New York Times - 2 Aug 2014 03:06
Britain Fails to Find Riches It Expected in Swiss Accounts When the British tax authorities struck a landmark deal with the Swiss to crack down on tax evasion, they sat back and waited for the cash to flow in. Almost three years later, they are still waiting.
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Victims Begin Filing Claims in G.M. Case

The New York Times - 2 Aug 2014 03:00
Victims Begin Filing Claims in G.M. Case The process will ultimately help calculate how many people were killed or seriously hurt by faulty ignition switches.
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ImmunoGen Beats Expectations: Gives Strong Guidance For Fiscal 2015 ImmunoGen, Inc. (IMGN) is a biotechnology and medical research firm which develops treatments for cancer using antibody-based therapeutics.
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It is one thing for a family member to immerse oneself when living abroad. It is another when a family firm chooses to operate offshore. It need sto consider culture from two angles. First, how does local culture affect ...
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The billionaire Warren E. Buffett's company said its second-quarter profit soared 41 percent on a significant investment gain from a stock-swap deal completed earlier this year.
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Cautious Lufthansa Will Avoid Iraq Airspace Through Sunday Lufthansa says it has ceased flying over Iraq this weekend while it evaluates flight security in the country’s air space.
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