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Business News

Location American Business News for 11 April 2015

GE to Cash Out of Banking Business

Wall Street Journal - 11 Apr 2015 04:38
General Electric made one of the biggest strategic shifts in its 123-year history by announcing plans to get out of the banking business and refocus on the conglomerate's sprawling industrial operations.
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ECB president 'blew up' over a proposal that could have solved the Greek crisis in 2010 A conflict that "blew up" within and between the institutions negotiating Greece's 2010 bailout may have played a pivotal role in blocking efforts to ease the country's debt burden, according to a new paper. The implicat...
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Bentley decorated a hotel suite in Istanbul - and you can stay in it for $5,345 a night Bentley and St. Regis hotels have collaborated again - this time in Istanbul. For 5,050 euros a night ($5,345), you can stay in a huge corner suite in the chain's new Istanbul hotel. The suite was decorated by the famo...
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Ex-Goldman programmer says Blankfein is influencing trial Goldman Sachs boss Lloyd Blankfein is being portrayed as the puppet master in the long-running code-theft case against a former programmer. Sergey Aleynikov, 45, claims the powerful bank is pulling...
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This is how much the Obamas paid in taxes President Obama and First Lady Michelle Obama reported about the same amount of income in 2014 as they did in 2013, and paid nearly 20% in federal income taxes.
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This project in Google's secret research lab could change the future of batteries The new wave of wearable devices, flying drones, electric cars, and what-have-you are going to have higher and more specific power needs than what you get with our current lithium-ion (like in phones) and alkaline batter...
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Grateful Dead's Levi's Stadium Shows Plan To Rid Ticket Scalpers And Reward Fans Don’t wave goodbye just yet - the Grateful Dead have announced additional stops on the Fare Thee Well Tour. The iconic jam band will play two shows in their native Bay Area at Levi’s Stadium in Santa Clara on June 27...
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Hundreds mourn at funeral of black man killed by US cop

Business Insider - 11 Apr 2015 22:22
Hundreds mourn at funeral of black man killed by US cop Summerville (United States)
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Mark Zuckerberg Meets With Brazil's President At the 7th Summit of the Americas, In Panama The billionaire is setting his eyes in Latin America, and Brazil is an strategic partner.
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Hamilton grabs dramatic China pole

CNN - 11 Apr 2015 19:53
Hamilton grabs dramatic China pole Mercedes driver and F1 championship leader Lewis Hamilton stole pole position for Sunday's Chinese Grand Prix from teammate and fierce rival Nico Rosberg in dramatic fashion.
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No Proof That Incubators Help Startups

Forbes - 11 Apr 2015 06:22
No Proof That Incubators Help Startups New research from the Kauffman Foundation shows that business incubators may not be helping startups as much as they claim to be.
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The Three Things You Should Want As A CEO The CEO of a startup is the hardest job you can have. Having these three things makes the job much easier.
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Fund-Raising May Value Spotify Above $8 Billion

The New York Times - 11 Apr 2015 06:02
If the investment round closes, it will place Spotify firmly in the ranks of some of the most richly valued technology companies, joining the likes of Uber, Airbnb and Snapchat.
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Once a beacon of middle-class growth, L.A. has joined New York and San Francisco as an exclusive coastal city. The cause lies in its housing regulations.
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LinkedIn Buys Lynda.com for $1.5 Billion, Expands into Professional Development LinkedIn acquires Lynda.com, Expands Into Professional Development
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Piper Jaffray says its study of lead times for Apple Watch deliveries suggests the quick, initial sellout was a result of limited supply rather than strong demand.
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BuzzFeed Restores 2 Posts Its Editor Had Deleted

The New York Times - 11 Apr 2015 01:53
Ben Smith, editor in chief of BuzzFeed, said he overreacted when he asked staff members to take down articles that were critical of sponsors' advertising.
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'Going Clear': Will Scientology sue HBO? 'Everybody's entitled to their own opinion, but they're not entitled to their own facts,' HBO CEO Richard Plepler said in an interview with CNNMoney this week.
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Why Intel won't sell these chips to China The U.S. government says China is using supercomputers for "nuclear explosive activities," so Intel can't sell them chips anymore.
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7 Reasons Even Really Smart People Can Be Fooled by Liars Is that person telling the truth, or do you just want to believe?
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Rough Ride: New York Taxi Mogul, Seeking a Bailout, Says He's Too Big to Fail If the city guarantees medallion loans and the prices keep falling anyway, the city and taxpayers will almost certainly lose out.
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U.S. Seizes On Venezuelan Weakness to Regain Caribbean Energy Foothold The collapse of oil prices is opening up a new diplomatic opportunity for the United States in the western hemisphere. The U.S. has a spotty and turbulent history intervening in Latin America and the Caribbean, but outsi...
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