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Business News

Location American Business News for 30 November 2015
A cloning company wants to produce up to 1 million cattle a year starting in 2016 What costs $500 million USD and can churn out up to 1 million cattle embryos a year? A new livestock cloning facility in north China...
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Founders of Microsoft, Facebook, LinkedIn, Amazon, and more to invest in 'clean energy' tech Bill Gates and a group of elite private investors — including Facebook cofounder Mark Zuckerberg, Alibaba cofounder Jack Ma, Amazon founder Jeff Bezos, LinkedIn cofounder Reid Hoffman, and Salesforce founder Marc Benio...
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Animated map shows what the US would look like if all the Earth's ice melted If all the Earth's land ice melted, sea levels would rise over 200 feet. So what would that mean for the United States' coastlines? Produced by Alex Kuzoian. Narrated by Graham Flanagan. Follow BI Video: On Facebook Join...
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People think IPOs are all about catching a first day pop, but they should be all about valuation, which is where it starts to get tricky. Here's two companies to look at.
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Wesley Snipes Sues IRS Over Abusive $17.5M Tax Bill, False Promise Of 'Fresh Start' Wesley Snipes is still fighting with the IRS over a $24 million tax bill it sent just as he was coming out of prison.
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Japanese skills marketplace Coconala raises $4.4 million (Via The Bridge) – Tokyo-based Coconala, previously known as WelSelf, offers an online platform under the same name where you can buy and sell knowledge, skills and, experience from users who are willing to teach. The ...
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Black Friday Just a Day This Year, No Longer a Bellwether

The New York Times - 30 Nov 2015 03:53
Black Friday Just a Day This Year, No Longer a Bellwether Black Friday's importance has waned as retailers have offered holiday sales earlier and longer.
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SHANGHAI/NEW YORK
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MSCI to include Chinese ADS issues in their index.
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Currency Markets And Monetary Policy: An Era Of Uncertainty UBS predicted a decade of ‘super volatility among global currencies’ in 2010. Now that we are close to the halfway mark, it seems that they are correct and uncertainty is possibly increasing, making it harder for inv...
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Swatch and Visa debut pay-by-wrist smartwatch venture Swiss watchmaker Swatch, Visa Inc, and Visa Europe have launched a project that lets Visa cardholders in the United States, Switzerland and Brazil make payments with Swatch's new "pay-by-the-wrist" Swatch Bellamy watch.
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The case below demonstrates the scope of “property” for federal estate tax purposes. The issue was whether a pending income tax refund was includable in the decedent’s federal gross estate. Interestingly, the case ...
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China's Broker Probes Could Offset November Stock Gains

Wall Street Journal - 30 Nov 2015 04:11
Chinese investigators' widening investigation into what they deem suspicious or illegal trading activity is offsetting November's gains in the Shanghai Composite Index, after steady gains since late August.
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Caviar Dreams: A Florida Startup Bets On Sustainable Sturgeon Farming Amid Palms And Spanish Moss Oranges may be Florida's best known agricultural product, but if Chris Cogan, the CEO of a startup called Healthy Earth has its way, the state could soon be known for its high-quality caviar, produced under the label Bla...
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Holiday Spirits: 8 Best Whiskeys for the New Year Skip the Champagne this New Year. Celebrate with bolder spirits, such as these whiskey picks from the experts.
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New Samsung patent shows off a phone that unfolds into a tablet (with bonus Apple cameo) The U.S. Patent and Trademark Office has just published an application from Samsung (via 9to5Mac) that attempts to patent a foldable electronic device. It’s likely that one of the examples depicted in the application r...
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This is what a National Security Letter looks like

Venture Beat - 30 Nov 2015 22:58
This is what a National Security Letter looks like In 2004, the Federal Bureau of Investigation issued a National Security Letter (NSL) to a New York Internet service provider called Calyx. It’s a type of governmental information request that became much more common as...
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Noteworthy Monday Option Activity: CI, SBUX, DOW Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Cigna Corp (NYSE: CI), where a total volume of 7,369 contracts has been traded thus far today, a contract v...
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Etsy Reinvents Business Education For Social Entrepreneurs Through Etsy's new nonprofit, the company wants to create place-based business education for entrepreneurs seeking social change.
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How the Fed Protected Its Bailout Powers

Wall Street Journal - 30 Nov 2015 22:51
Congress sought to limit the Fed's discretion to make bailout loans. But the final rule still leaves the central bank a lot of leeway.
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Oculus VR will have a 'special announcement' at 'The Game Awards' We may learn a little bit more about the Oculus Rift later this week. Oculus VR is going to make a “special announcement” this Thursday during The Game Awards, which is an annual livestreaming show that attempts to r...
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How Manufacturing Fits in Fed's Equation

Wall Street Journal - 30 Nov 2015 22:22
Sluggish manufacturing activity could prompt the Fed to raise interest rates at a slower-than-expected pace in 2016.
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