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Business News

Location American Business News for 20 September 2014

Hire This Guy to Wait in Line for iPhone 6

ABC News - 20 Sep 2014 01:19
Hire This Guy to Wait in Line for iPhone 6 Robert Samuel knows some people are willing to pay good money to have someone else do the waiting for them. In fact, he has turned line-waiting into a prospering business.
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Meet The PayPal Mafia, The Richest Group Of Men In Silicon Valley The company founded by Peter Thiel, Elon Musk, and Max Levchin has spawned three billionaires, many, many millionaires, and generation-defining companies. Here, we break down the key players from the most notorious group...
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Ex-Employees Say Home Depot Left Data Vulnerable

The New York Times - 20 Sep 2014 04:17
Ex-Employees Say Home Depot Left Data Vulnerable Home Depot was slow to raise its defenses against hackers despite alarms from computer experts as far back as 2008.
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The New World of Property Investing

Wall Street Journal - 20 Sep 2014 23:03
Weekend Investor: There's a growing array of ways to profit from renting out single-family homes.
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Blind Date: Adventure Dining In The Dark at Canada's Popular O.Noir Restaurant A true adventure seeker does not have a panic attack, or so I thought until I had my first visit to the popular O.Noir Restaurant in Toronto. One of the most unique dining in the dark concepts in the world had me ready t...
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Oracle Billionaire Larry Ellison Is Down $1.8 Billion From A Symbolic Gesture (ORCL) Investors are not happy with Oracle right now and it cost its co-founder and CTO Larry Ellison, close to $2 billion on Friday. Ellison is Oracle's largest shareholder with over 1 billion shares, a 25% stake. So he gets h...
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Sean Combs finds a $39-million spot to display his Grammys Sean John Combs, a.k.a. Puff Daddy, P. Diddy or just plain Diddy, has bought a newly built mansion on the Westside for $39 million.
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Yelp settles child privacy violation charges of FTC Charged by the FTC for violating COPPA, Yelp settles with the agency, points to a bug in their mobile app for all the trouble.
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There's Income in Those Empty Rooms at Home

Boston - 20 Sep 2014 03:50
Have an empty room at home? There could be an extra source of income for homeowners. WSJ CIO Journal deputy editor Steven Rosenbush joins the News Hub with Sara Murray. Photo: Getty.
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Alibaba IPO Creates $250 Million Payday For US Banks

Bidness etc. - 20 Sep 2014 19:31
Alibaba IPO Creates $250 Million Payday For US Banks Alibaba Group Holding Ltd's (BABA) record IPO raised gross proceeds of around $25 billion. For the banks involved in making the debut possible, this means an accumulated payday of $250 million, or 1% of the proceeds.
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A wireless speaker showdown: Denon's HEOS vs. Sonos (review) You might be surprised who ends up on top in this Wi-Fi audio shootout.
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Indonesians, Optimistic About New President, Spend Freely

The New York Times - 20 Sep 2014 04:07
Indonesians, Optimistic About New President, Spend Freely Any problems that may lie ahead, among them poverty and corruption, have failed to dent Indonesians' confidence and willingness to splurge.
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The Rise of Ultracheap Financial Advisers

Wall Street Journal - 20 Sep 2014 03:42
In a world in which the expected long-term return on stocks after taxes and inflation is 3% to 4% a year at best, financial advisers still typically charge 1% a year for their services. Why, when you take all the risk, d...
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As Fed policy tightens over the short term, investors will have to actively manage interest rate exposure while looking ahead to a 'new neutral' in the next three to five years, says PIMCO's Jerome Schneider.
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Rate Hike Hints and Alibaba Uncertainties

Boston - 20 Sep 2014 02:33
Plus, the Scotland vote's lesson for investors, inflation's abatement, and more.
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Apple Fans Line Up to Buy Up New iPhones

Boston - 20 Sep 2014 02:33
Hi fives and cheers on 5th avenue in New York City, as the iPhone 6 and iPhone 6 plus made their debut. Andreas Gibson pre-ordered his new 6 plus online, and came at 3am to be the first one to pick it up: "I am most exci...
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Cadillac Makes Big Plan to Woo Luxury Market

The New York Times - 20 Sep 2014 02:32
Cadillac Makes Big Plan to Woo Luxury Market The automaker will produce a new, larger sedan meant to equal the offerings of German rivals and to polish its reputation, particularly in China.
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Business Briefing: F.D.A. Plans to Revise Food Safety Rules

The New York Times - 20 Sep 2014 02:15
To account for concerns raised by small brewers, cheese producers and others, the agency revised provisions for water testing, manure, compost and spent grains.
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Big Factories Go to Work on Biofuel

The New York Times - 20 Sep 2014 02:04
Big Factories Go to Work on Biofuel One commercial plant opened this month and two others are close, but technical and economic hurdles remain.
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10 Things Your Employees Aren't Telling You There is a lot said outside the boss' office and not all of it pleasant. Find out if this is the chatter at your company.
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China fines Glaxo $492 million in bribery case

L.A. Times - 20 Sep 2014 01:07
China fines Glaxo $492 million in bribery case China on Friday leveled a nearly half-billion-dollar fine against British drug maker GlaxoSmithKline after an investigation concluded that the company bribed physicians and hospitals to use its products.
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Export-Import Bank gets reprieve, but supporters remain worried The federal Export-Import Bank, which was in danger of shutting down at month's end because of strong conservative opposition, will live on after Congress approved a short-term extension of its charter.
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