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American Business News for 25 May 2015

New York Real Estate ExecutiveCharles C. Dorego, general counsel for Glenwood Management, figures prominently in federal criminal complaints against Sheldon Silver and Dean G. Skelos that involve payoffs, graft, fraud and... solicitation of bribes.
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NEW YORK (Real MoneyPros) -- Doug Kass shares his views every day on RealMoneyPros. Click here for a real-time look at his insights and musings.   Today's Movers and Something to Watch Posted at... 11:45 AM EDT on Friday May 22, 2015   Major indices continue to show little movement as we approached the noon hour, although they have turned down in the last half hour. I can't recall such a flat week this year. Maybe everyone is already in the Hamptons and it is just the computers trading with each other. As always, some individual movers in today's trading. FireEye is having a nice little run after its CEO appeared on Mad Money last night and as Meg Whitman gives the firm a nice "shout out" on CNBC this morning as well. Quest Diagnostics was halted briefly, as it hit a circuit breaker after...
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PUTIAN, China
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A Shifting Middle:As public sector employment, once a dependable pathway to success for many blacks, was cut in the downturn, African-American communities suffered an outsize toll.
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Sony Terms With Spotify Uncovered in Contract

The New York Times - 25 May 2015 03:26
Sony Terms With SpotifySony's relationships with digital services were exposed last week when a now-outdated licensing contract with Spotify was leaked online and friction with SoundCloud spilled into view.
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European Central Bank ExpandsTop central bankers and economists convened this weekend to discuss unemployment and other economic issues that extended beyond the bank's edict to contain inflation.
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Curating Awe In A World OfIt used to be - not long ago - that when we saw something that transcends our understanding of the world… we experienced awe.  It could have been a magician,  or a piece of art,  or... a remarkable sight of natural beauty.  But in the past twenty five years, an explosion in connected technology has made that feeling of transcendence hard to come by.  You could blame Google,  or smartphones,  or wifi,  or any of the devices or technologies that make us one click away from a vast storehouse of knowledge It seems that information in abundance makes awe harder to come by.  Instead,  we’re able to click our way to pedestrian knowledge that seems to make everything known, obvious, and expected.  So, why do we care?  Why is awe, or the lack of it,  making our world less...
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Japan ready to finance India'sWith India's electricity demand to double to 2 trillion units, coal-powered generation to remain the mainstay
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Buybacks Alone Won't Fuel AutoZone

Wall Street Journal - 25 May 2015 18:27
Ahead of the Tape: AutoZone is in the stock-buyback zone, but growth may slow as its valuation rises.
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Long-term savings benefit fromThe earlier you start saving, the easier it becomes to achieve goals
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When Should You Fire a "Good Enough" Employee?

Harvard Business Review - 25 May 2015 16:00
Three questions can help.
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If You Want People to Listen, Stop Talking

Harvard Business Review - 25 May 2015 14:05
Master persuaders know the power of silence.
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Feng Bin, 55, chairman of Beijing UTour International Travel Service, has become one of China’s newest billionaires after a rally in the shares of his tourism services company.
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South Korea's Startup CultureSouth Korea’s startup culture has been gaining more attention as of late. According to Korea’s Small and Medium Business Administration, the number of startups in the country soared to roughly... 30,000 as of January this year, up from a mere 2,000 some 16 years ago. And among that group, 63 have risen to No. 1 in terms of market share in their respective industries.
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Many entrepreneurs think that business growth has to occur slowly. Nothing could be further from the truth.
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KUALA LUMPUR
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The Week Ahead: Law Firm FraudBusiness news this week will include opening arguments in the trial of three former Dewey & LeBoeuf executives and a prison sentence for the founder of Silk Road, an online drug bazaar.
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Advertising newsletterThe PennySaver, an advertising newsletter that was a fixture in Southern California mailboxes for decades, is going out of business.
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Bits Blog: Behind the Downfall at BlackBerry

The New York Times - 25 May 2015 01:35
A new book by two reporters from The Globe and Mail offers details about the emotional and business turmoil surrounding BlackBerry's near collapse.
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Nigeria's leading cellphoneLAGOS, Nigeria (AP) -- Nigeria's leading cellphone provider said Sunday it urgently needs diesel to prevent shutting down services countrywide -- the latest business hit by a months-long fuel crisis... in Africa's biggest oil producer. Many aircraft have been grounded with foreign airlines diverting to other African countries to fuel for flights abroad. Some radio stations have been silenced. Nigeria's woefully erratic electricity supply keeps businesses dependent on diesel generators. Nigeria produces more than 2 billion barrels of petroleum a day, but imports almost all refined fuel because its refineries aren't maintained. The party of President-elect Muhammadu Buhari on Sunday accused President Goodluck Jonathan's government of deliberately wrecking the economy. "The whole scenario reeks...
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The Heat Is on Greece's AlexisA leftist faction in Mr. Tsipras' party demanding a harder line in debt negotiations was narrowly defeated in committee vote.
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Pressure is mounting for American tech companies, including Google, to stop using complex tax structures and pay more on their European operations.
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What Is The Right Time To HandSergei wants to know when to hand over his professional references. Liz Ryan runs it down.
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By Mike De Souza OTTAWA, May 25
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Employer Brand And CandidateWhat’s the difference between a great candidate experience and a deep, cohesive employer brand? Nothing. The two work hand in hand. One of the most powerful indicators is a stat from the latest... Candidate Experience report, an annual pulse-taking on talent acquisition. The 2014 edition showed that 78.6 percent of job applicants made the decision to apply to an organization based on their own job search. Whatever they encounter on their own is what’s driving more than three-fourths of your candidates.
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