Business News
Hong Kong residential property prices reached record high in May
Property Wire - 20 Jul 2015 12:53
Residential property prices in Hong Kong reached a record high in May, increasing more than 20% compared with the same month last year. The growth in values continues despite the government’s series of property market ...
The Working Life: Black Police Applicant Frustrated by Opaque Hiring Process
The New York Times - 20 Jul 2015 05:30
The applicant, a college graduate who served in the military and passed the officer's exam in 2011, said the hiring process stopped cold in 2013.
Airbnb Launches New Product To Attract Business Travelers
Fast Company - 20 Jul 2015 23:45
The rental site is introducing a new-and-improved Business Travel program aimed at corporate travelers. Airbnb announced an overhauled corporate division on Monday as part of a concerted effort to poach business traveler...
Amazon.com, Inc. Plots $5 Billion India Expansion; Prime Now, Video Content Touted
Bidness etc. - 20 Jul 2015 17:38
According to the recent news reported by The Economic Times, Amazon.com, Inc. (NASDAQ:AMZN) has announced its intention to splurge $5 billion to strengthen its presence in India by expanding its warehouses and data cente...
Hot dogs can help offset the Federal Reserve's interest-rate increases
Market Watch - 20 Jul 2015 17:07
Nathan's Famous bonds are appetizing to the manager of a short-term fixed-income fund, says Phil van Doorn.
"Money Is Like Sex" And 24 Other Thought-Provoking Money Quotes
Forbes - 20 Jul 2015 16:57
On this scorching New York summer morning it's worth remembering that not all words of money wisdom come from today's business heros, like Yahoo!'s Marissa Mayer, or Microsoft's Bill Gates or even Facebook's Mark Zuc...
IRS Probes Singapore Asset Manager
Wall Street Journal - 20 Jul 2015 04:57
Criminal investigators at the IRS are probing whether a Singapore asset-management firm accepted transfers from undeclared Swiss accounts closed by U.S. taxpayers.
Obama Picks Michigan Professor for Fed Board
The New York Times - 20 Jul 2015 22:31
The nominee, Kathryn M. Dominguez, is a professor of economics at the University of Michigan. If confirmed, she would become the third woman on the Fed Board of Governors.
Goldman's complete outlook for markets and the economy in one big slide (GS)
Business Insider - 20 Jul 2015 20:35
Even though the S&P 500 was up 3.6% last week, things aren't looking good for stocks this year. The S&P return on equity dropped 0.35% to 15.5% in Q1, marking the third straight quarter of decline. And in a weekly not...
At Zappos, Pushing Shoes and a Vision
The Huffington Post - 20 Jul 2015 17:11
On a sizzling June morning in Las Vegas, 10 Zappos.com employees sat in an air-conditioned conference room decorated with “Star Wars” memorabilia and a mural of Darth Vader. They had gathered for a weekly meeting to ...
U.S. Mint To Resume Silver Coin Sales After Running Out
The Huffington Post - 20 Jul 2015 16:51
NEW YORK, July 17
The military is wasting tens of millions of dollars on satellite communications
Washington Post - 20 Jul 2015 16:47
America's military depends on satellites. Without them, commanders would have trouble coordinating troops or piloting unmanned drones halfway around the world. But now a federal report finds that the government is likely...
Burger King is trying to reinvent its image
Business Insider - 20 Jul 2015 16:43
Fast food chain Burger King has recently turned to creative agency Turner Duckworth Design to help rebrand the company with new eye-catching visuals. Burger King wanted their new food packaging to go beyond just aestheti...
Asia Markets: Gold tumbles to more than five-year low, China shares fall
Market Watch - 20 Jul 2015 06:26
Gold tumbles to a more than five-year low, and China shares drift lower after authorities' weekend move to tighten the use of informal lending channels by stock investors.
UN to pave way for lifting sanctions on Iran
Business Insider - 20 Jul 2015 05:08
United Nations (United States)
Financial Reform 5 Years Later: Promise Unfulfilled
The Huffington Post - 20 Jul 2015 04:51
It's been five years since President Obama signed the Dodd-Frank financial reform act on July 21, 2010, saying the law would "lead all of us to a stronger, more prosperous future." Despite some positive steps, that promi...
Legacy Power Wagons: Super-Sized Pickup and SUV King of the Wild Frontier
Forbes - 20 Jul 2015 04:19
Winslow Bent found himself unemployed in 2008, staring down the Great Recession. When he saw a 1940s Dodge Power Wagon in a field near his home in Jackson Hole, he turned to his childhood passion for solace. “It was su...
Lockheed Is Said to Buy Maker of Black Hawk Helicopters
The New York Times - 20 Jul 2015 03:59
The acquisition of Sikorsky would be the biggest by Lockheed since its $10 billion takeover of Martin Marietta in 1994.
The West is blind to the appeal of China's model of authoritarian capitalism
Business Insider - 20 Jul 2015 03:52
Under President Xi Jinping , China is succeeding in creating an alternative vision for global leadership designed to challenge Western, and in particular American, dominance. Momentum is gathering behind the Asian Infras...
A Manhattan McDonald's With Many Off-the-Menu Sales
The New York Times - 20 Jul 2015 01:27
At the McDonald's restaurant on Eighth Avenue between 34th and 35th Streets, tourists sit amid drug addicts looking for a fix or nodding off at tables.
This co-living startup that turns brownstones into dorms raised $7.3 million in funding
Business Insider - 20 Jul 2015 23:45
Brad Hargreaves understands that rent in cities is going through the roof, so he is starting a co-living company this fall that will convert Brooklyn brownstones into college-like dorms. Five years ago, Hargreaves j...
What happens when you eat Chipotle for 153 days straight
Business Insider - 20 Jul 2015 23:01
Andrew Hawryluk has eaten Chipotle for 153 days straight — and he has the receipts to prove it. The 23-year-old animator from Los Angeles joked to his brother that he was going to eat Chipotle for the 40 days of Lent...