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Business News

Location American Business News for 14 June 2015
Billionaires are demanding that waterfalls be installed in their superyachts -- and they have a really good reason for it The ultimate rite of passage for any billionaire is to get a superyacht -- a floating palace in which the megarich can live in luxury on the sea. These boats have cutting-edge technology, including fixed-pitch propeller...
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Los Angeles Raises Minimum Wage To $15 Per Hour

The Huffington Post - 14 Jun 2015 02:02
Los Angeles Raises Minimum Wage To $15 Per Hour LOS ANGELES (AP) -- Los Angeles Mayor Eric Garcetti has signed into law a measure that will gradually raise the minimum wage to $15 an hour. He called the law "a major victory for our city" at a signing on Saturday, and ...
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Renting: The new American Dream?

USA Today - 14 Jun 2015 14:46
Renting: The new American Dream? By 2030, the majority of new households will rent, says one report.          
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Pope Francis to Explore Climate's Effect on World's Poor

The New York Times - 14 Jun 2015 00:40
Pope Francis to Explore Climate's Effect on World's Poor When Francis releases his first major teaching letter on the theme of the environment and poverty, he may redefine a secular topic as a matter of morality.
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How Facebook is eating the $140 billion hardware market (FB, HPQ) It started out as a controversial idea inside Facebook. In four short years, it has turned the $141 billion data center computer hardware industry on its head. Facebook's extraordinary Open Compute Project is doing for h...
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Apple Inc. (AAPL) To Improve Maps With Camera-Equipped Vehicles Apple Inc. (NASDAQ:AAPL) recently announced that it is set to release a number of vehicles with camera integration to improve its current Apple Map application. The company said that the project will be underway from Jun...
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Jack Dorsey is the only person who can be Twitter's next CEO (TWTR) With Twitter CEO Dick Costolo announcing his resignation, the next logical question is who takes over? Twitter cofounder, and board member, Jack Dorsey, is stepping in as "interim" CEO while Twitter conducts a search for...
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San Francisco is going crazy for this artisanal toast, so I forked over $4 to try it ... Leave it to San Francisco to disrupt the foundation of a well-balanced breakfast. Toast is beginning to go the way of chocolate, cheese, and coffee — becoming "artisanal." The Mill, a café and bakery near the Alamo Sq...
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Hey boomers, you were just like millennials when you were younger.
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The 37-year-old Bulgarian man at the center of an SEC lawsuit about a fake takeover bid for Avon might not exist (AVP) In May, Avon Products received an offer to be acquired for $18.75 per share.  It was a hoax. Then in June, the SEC filed a lawsuit against a number of firms and 37-year-old Nedko Nedev of Sofia, Bulgaria.  And now it ...
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A fascinating study conducted by Maria Konnikova studied the financial decision-making of people who displayed a high degree of self-control. A wealth of popular literature hails discipline and emotional self-control as ...
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How the Fed screwed up the bond market

USA Today - 14 Jun 2015 15:01
How the Fed screwed up the bond market With the Fed looking at tightening policy, investors are getting the jitters.          
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11 documentaries that will make you smarter about business

Business Insider - 14 Jun 2015 15:01
11 documentaries that will make you smarter about business If you've got just a few hours to boost your business savvy, we've got you covered. These 11 documentary films offer in-depth looks at entrepreneurs, companies, and big ideas you might only be superficially familiar with...
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Docker, now valued at $1B, paid someone $799 for its logo on 99designs Docker's cute whale logo seems to be everywhere. But in 2013, while the startup was in a poor financial situation, it paid just $799 for the logo.
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Can Xiaomi Challenge Apple's Rules?

Forbes - 14 Jun 2015 02:40
  For years, Apple has been the undisputed leader in the smartphone industry, setting the rules for others to follow. One of these rules is that the company competes on innovation, not prices -- though carriers have bee...
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Taking It Easy On The Zambezi: Wilderness Safaris' Toka Leya Game Lodge Want to see white rhino from 10 feet away? Stay at Wilderness Safaris' Toka Leya lodge in Zambia. You're so close that you can hear them pulling grass out of the ground.
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United Airlines Customers Outraged After Being Put Up in Military Barracks The flight staff stayed in hotels and was nowhere to be found
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There's Still Time: Break Out Of Your Father's Day Gifting Rut With These Posh Gifts Father's Day is just a week away! Get ahead of the day-before-panic with this gift guide, filled with thoughtful and innovative pleasures your dad will actually enjoy. Bye bye, neckties!
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A bomb threat sent police swarming around an Alitalia flight that landed at JFK Airport Police surrounded an Alitalia passenger jet that landed at JFK airport Sunday afternoon because of a bomb threat. ABC 7 New York reports that men in hazmat suits boarded Flight 604 as passengers were ordered off the airc...
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Talks fail to reach deal to avert Greek default

USA Today - 14 Jun 2015 23:36
Talks fail to reach deal to avert Greek default Talks continue to try to avert a Greek default          
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Washington
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Twitter will have tough time finding new CEO: Analyst There's a pretty short list of people who could turn Twitter around, says Internet analyst.          
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