American Business News for 12 Jan 2016
We ate the new gold standard in pastry
Before CGI, Photoshop, or other image-altering programs, Hollywood had to rely on good, old fashioned talent to make movies. In the 1940s and 50s, that meant movie musicals starring professional... dancers, acrobats, and contortionists -- who could also act. For stars like Gene Kelly, Debbie Reynolds, and Cyd Charisse, it was a good time to be an actor-singer-dancer triple threat. Story by Aly Weisman and editing by Andrew Fowler
There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on August 20, United States Steel Corp.'s Director, Murry... Gerber, invested $131,648.40 into 7,800 shares of X, for a cost per share of $16.88. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money.
Christian Petersen/Getty Images Ciara has caused a stir with the dress she wore (above) to sing the National Anthem prior to the College Football Championship game. The feeling was that the dress was... too revealing. Bonnie Bernstein, who worked at ESPN for many years, was the most vocal at first, pointing out that children are watching and that Ciara should "cover up." Dear Ciara. You're stunning. But this is a National Championship Game. Kids are watching. Cover up. — Bonnie Bernstein (@BonnieBernstein) January 12, 2016 Another former ESPNer, Jason Whitlock then supported Bernstein calling the dress "inappropriate" and that the game was not the right venue for "nudity." Appropriate, fair tweet. The dress was inappropriate. Her voice was more than enough. Why distract w/nudity?...
U.S. stocks are opening higher, led by gains in big technology companies, which have had a rough start to the year. Intel and Apple each rose 2% in early trading Tuesday, the biggest gains in the Dow... Jones industrial average. Energy stocks also did well in the early going as the price of oil turned...
Courtesy Bruno Villetelle Takeda, a Japanese pharmaceutical company that targets diseases like cancer and diabetes, has big plans to make itself more global and, at the same time, digital-focused. ... To get a better sense of what that would look like, Business Insider spoke with Takeda's Chief Digital Officer Bruno Villetelle about his plans to integrate technology into the heart of a 230-year-old health company. Though no official deals have been announced yet, the company is exploring partnerships with leading tech companies like Google, Apple, and IBM Watson, in addition to smaller startups. Takeda's goal is to become the digital health leader by 2025, Villetelle said. "Our CEO Christophe Weber used to say, 'I want to transform our company into a 33,000-person start-up,'" he said. "I...
Retirees are becoming a larger part of the population while their capacity to fund retirement comfortably has been declining. The population 65 and older, which now numbers about 48 million, is... expected to rise to about 73 million in 2030. Meanwhile, the portion of retirees with employer-defined benefit plans that funds them until they die has been declining and is now less than one out of every 10. Most retirees must fund their own retirement, and face the risk that their funds will turn out to be inadequate and they will be forced to spend the last years of their lives living on social security alone. Financial planners who counsel retirees confront their fear of running out of money all the time, and have developed some rules of thumb for dealing with it. One is the 4% rule, which says...
For some reason, we think it makes us look better to list the excuses and reasons why we screw up.
I recommend breaking down all your tasks into 3 categories.
After six years of rising apartment rents in U.S. cities, investors from all corners of the real-estate industry are piling into new projects in a bet the boom still has a long way to run.
US stocks move higher in early trading, led by gains in big technology companies, which have had a rough start to the year
The yuan's offshore and onshore rates converged Tuesday, closing a gap between the two that has been a headache for Beijing.
BP employs about 17,000 people in the U.S., with operations in Texas and Alaska
Wanda Group's takeover of Legendary Entertainment, the U.S. studio behind hit films such as "Batman Begins" and "Inception," is the latest in a slew of acquisitions.
"As Starbucks second largest and fastest-growing market globally, China represents the most important and exciting opportunity ahead of us," said Schultz.
U.S. stocks are pointing higher for a second day in a row as oil prices gain about 1%.
Powerball fever has swept the country, but if there is a $1.4 billion winner on Wednesday it is highly unlikely that the winning ticket will have been purchased online.
Reggie Love served as Barack Obama's personal aide from 2009 to 2011. In his new book, "Power Forward: My Presidential Education," Love breaks down his time as the President's assistant. Reggie told... us about President Obama's morning routine. Produced by Devan Joseph & Alana Kakoyiannis. Additional camera by Jason Gaines. Follow BI Video: On Facebook
It is now abundantly clear that incremental innovation only keep the Sharks away long enough to come up for air and that it takes breakthrough innovation to swim out into the Blue Ocean, where... opportunities are plentiful. Changing market and technology positions usually requires a renewal of the organization and that is when a strong design philosophy becomes integral to success. Cross-functional and multi-disciplinary collaboration usually leads to incremental innovation, with collective agreement to the lowest common denominator. A strong visionary individual is needed to create breakthrough innovation, however, strong visionaries come with high risk. The annals of new product development are littered with failure, - think Fisker Automotive, Web-Van and Better Place. Imagine if there...
Hyundai has joined the luxury brand spinoff club pioneered by Toyota with Lexus, Nissan with Infiniti and Honda with Acura.
Crude-oil prices plunged more than 5% on Monday to trade near $30 a barrel, making the specter of bankruptcy ever more likely for a significant chunk of the U.S. oil industry.
Most shares in Asia recovered Tuesday, with China's stock market edging higher at the open and China's yuan stabilizing for the third-straight day.
Chinese conglomerate Dalian Wanda Group Co. has agreed to acquire Hollywood production and finance company Legendary Entertainment for $3.5 billion in cash.
The real winner at this year's Golden Globe Awards? Kate Hudson's abs. The 36-year-old actress proudly displayed her toned upper abdomen in between sheaths of metallic Michael Kors fabric. But... there's a secret behind Hudson's abs of steel. Hudson follows the "Alkaline Diet," meaning "no dairy, no wheat, gluten-free, no meat, and no sugar," she explained to Glamour. "I just cut all of that out," Hudson added. "And no wine and no beer -- only vodka and only tequila, straight up." Technically, alcohol and caffeine aren't allowed on the diet, but Hudson says she doesn't always follow it strictly. "I'll cheat when I want to," the mother-of-two admitted to Harper's Bazaar. "I could be at a movie theater and throw down on some popcorn and Milk Duds, or at an Italian restaurant and I'll have...