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Business News

Location American Business News for 13 May 2015

Watch lightning get trapped in this tiny glass box forever

Business Insider - 13 May 2015 01:16
Watch lightning get trapped in this tiny glass box forever Up to 24,000 people around the world die every year from lightning, so you might think this natural phenomenon is something to be feared and avoided. That's not always the case, however. For example, check this out: This...
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6 things you never knew about Alibaba

CNN - 13 May 2015 05:06
6 things you never knew about Alibaba Tech darling Alibaba might be the talk of the town today, but that wasn't always the case. Here are some surprising things about the company's rise to the top.
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Want Me to Quit Smoking? Pay Me

NBC News - 13 May 2015 23:39
Want Me to Quit Smoking? Pay Me Here's a new way to get people to quit smoking - pay them.
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What it's like to ride an electric bike that uses the same batteries as a Tesla Model S I was terrified to try it. The last time I had been on a public bicycle was in Seville, Spain, where I got hit by a motorcyclist who failed to look on a turn.  This time, I was climbing on an electronic bike with a moto...
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Verizon, Sprint to Pay Millions Over Phony Charges Verizon Wireless will pay $90 million and Sprint $68 million to settle charges that they allowed phony charges on their customers' monthly bills.
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Jefff Gundlach Says Auctions Like $179 Million Picasso Depend On Russian And Chinese Billionaires Jeffrey Gundlach says art prices are sustainable "as long as the world continues to mint new billionaires in Russia and China who can't get their money out of there fast enough."
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Investors Double Down on Spring Turnaround

Wall Street Journal - 13 May 2015 23:29
Traders are piling into assets that rose as the dollar fell--but how long will the rally last?
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After the closing bell Wednesday, Shake Shack Inc. shares jumped more than 8 percent after the fast-casual burger joint said its first-quarter revenue grew 56 percent. Meanwhile, department store J C Penney Company Inc. ...
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The era of genomic medicine is beginning

Business Insider - 13 May 2015 23:18
The era of genomic medicine is beginning We know more about how the human body works -- how we live and die -- than we ever have before. We've mapped the human genome, the blueprint that's largely responsible for who we are, and scientists are now able to seque...
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SEC defends itself against 'stacking the deck'

New York Post - 13 May 2015 05:06
SEC defends itself against 'stacking the deck' Wall Street's regulators don't want to lose their home court advantage. Andrew Ceresney, the head of enforcement at the Securities and Exchange Commission, defended the government on Tuesday against reports...
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Chinese e-commerce powerhouse Alibaba Group Holding is exporting its cloud computing technologies to the Middle East, as it competes with Amazon Web Services for global customers.
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Leon Black will pay Caesars executives $81M in deferred pay Leon Black has blinked. The private equity mogul's Caesars Entertainment will resume paying most of the 340 current and former executives owed $81 million in deferred compensation, it admitted in...
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How To Crack The Code Of Building Your Personal Brand In an era where social media stars and maverick entrepreneurs continue shaping America’s ever-evolving economy – branding is everything.
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Credit-Card Firms Reap Rewards of Consumer Brand Loyalty

Wall Street Journal - 13 May 2015 23:10
Stuck with slow growth prospects in a saturated market, banks that issue credit cards are increasingly churning out cards that are aimed at creditworthy customers loyal to a store, airline or hotel.
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With a Valuation of $2.8 Billion, Slack Is More Than a Pretty Face A designer makes the case that workplace collaboration app Slack's "secret sauce" isn't design.
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JC Penney 'On The Offensive' After Smaller Than Expected Loss But Not Out Of The Woods Yet In what is scheduled to be his last earnings report as JC Penney's CEO Mike Ullman promised the retailer was now "on the offensive" and planned to win back American's respect. The report was perhaps a small step in th...
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Why 10 Is The Most Important Number In Shake Shack's Earnings Report Fast-growing sales have Shake Shack sizzling again, but its measured growth pace doesn't match its outsized stock returns.
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Senate Democrats block Obama on free-trade initiative

Business Insider - 13 May 2015 04:29
Senate Democrats block Obama on free-trade initiative Washington
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The last man to shoot a US president could soon be free

Business Insider - 13 May 2015 22:52
The last man to shoot a US president could soon be free John Hinckley has lived a shockingly normal life the past year, especially for someone who shot a US president and spends much of his time in a psychiatric hospital. He already spends 17 days a month at his mother's hou...
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The top 10 fast food burgers in America

Business Insider - 13 May 2015 22:47
The top 10 fast food burgers in America Consumers are eating burgers in record numbers.  Polling site Ranker.com recently surveyed 42,000 consumers on 46 burgers to find the best fast food options. Beloved NYC-based chain Shake Shack was noticeably absent fro...
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The 10 Best Advertising Quotations From AMC's Pre-Finale 'Mad Men' Marathon How time flies. If you plan to catch up on Mad Men before Sunday's series finale, you'd better start soon. Really soon. AMC begins its Mad Men Marathon this afternoon. And it's all Mad Men all the time between now and 10...
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U.S. stocks closed mostly lower Wednesday, extending losses for a third straight session as investors weighed a mixed retail sales last month. Wednesday's declines were led by the utility sector, with electrical power co...
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