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Business News

Location American Business News for 22 February 2017
How drinking Guinness with Biz Stone launched one of the fastest-growing startups in the Valley today Intercom Even in the Silicon Valley world of hyper-growth startups, Intercom's success is fast and furious. The company has grown from $1 million inannual recurring revenue (ARR, i.e. revenue under contract) to $50 milli...
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Sales of previously-owned homes jumped even though there are fewer options and borrowing costs grew more expensive.
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Nokia is reportedly planning a relaunch of the iconic 3310 and people are freaking out about it In 2000 Nokia released an ordinary phone with no name, just a model number, the3310. It was a basic cellphone that could handle calls, simple texting, had anamazing battery life, and compared to today's smartphones it se...
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Satellites expose the biggest hotspots of illegal transshipping Satellite watchers have identified thousands of suspected incidents of illegal transshipping, where fishing ships secretly transfer unauthorized product to refrigerated cargo vessels. It is seen as a major factor in the ...
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Why Biotech Stocks Are Finally Set to Break Out The iShares Nasdaq Biotechnology index ETF looks strong. What's next for Celgene, Biogen, Myriad, Gilead.
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Don't Be Surprised When Your Employees Quit

Forbes - 22 Feb 2017 20:35
Don't Be Surprised When Your Employees Quit Losing talented employees can come at a very real cost for any startup or business -- and that happens for 3 major reasons. Here's how founders and managers can make sure their talented workers stay on the job.
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The 4 Biggest Challenges of Running a Values-Based Company Great values often have some opposing tension.
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Wall Street Slips on Weak Oil Prices; Fed Minutes in Focus

The New York Times - 22 Feb 2017 16:54
U.S. stocks slipped Wednesday as a drop in oil prices weighed on the energy sector, while investors awaited the minutes of the Federal Reserve's most recent policy meeting for clues on the timing of the next interest rat...
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The latest on developments in financial markets (All times local): 9:35 a.m. Declines in energy and industrial stocks are leading U.S. indexes slightly lower in early trading as the market …
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Snapchat closes in on $200M ad deal

New York Post - 22 Feb 2017 06:02
Snapchat closes in on $200M ad deal Snap Inc., weeks away from it much-anticipated IPO, is close to inking its first major advertising deal with an unnamed ad holding company, The Post has learned. If the deal is complete -- and there's no guarantee it wil...
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Tiffany gets help in search for new chief executive

New York Post - 22 Feb 2017 05:47
Tiffany gets help in search for new chief executive Tiffany will get help from two activist investors in its search for a new chief executive. The jewelry retailer on Tuesday said it reached a deal with Jana Partners and former Bulgari CEO Francesco Trapani to add three n...
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Verizon will test 5G 'gigabit' wireless in 11 U.S. cities this year Verizon is the latest U.S. mobile network to test superfast 5G wireless service, in an effort to drum up attention before the technology becomes available to consumers. Following AT&T’s limited enterprise trails and T-...
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McDonald's Finds A Brilliant Way To Hit Starbucks And Millennial Coffee Culture (Right Where It Hurts) Sometimes, it's obvious.
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Existing home sales jump to a 10-year high

Business Insider - 22 Feb 2017 17:00
Existing home sales jump to a 10-year high US existing home sales rose more than expectedin January, according to the National Association of Realtors. Sales of existing condos, coops, townhomes, and single-family houses increased by 3.3%at a seasonally adjusted ...
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New patient group focuses on drug prices amid bipartisan concern Patients for Affordable Drugs launches following overdose antidote price hikes        
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The former CEO of Twitter says there's a right and a wrong way to praise your employees Steve Jennings / Stringer Everyone likes a compliment — including employees. Dick Costolo, former CEO of Twitter, toldKim ScottandRuss Laraway of podcastRadical Candorthat "one of the greatest things you can do as a le...
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Garmin Maps a Solid Path in Wearable Tech

Wall Street Journal - 22 Feb 2017 20:47
Garmin's GPS-enabled wearable devices find valuable niche while larger rivals stumble.
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Tala, based in Santa Monica, Calif., makes its loan decisions after analyzing data on the mobile phones of users in Kenya and the Philippines.
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Americans buy existing homes at fastest pace in a decade US existing home sales rose 3.3 percent in January to the fastest pace in a decade
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New York Times Names Editor to Steer Daily Coverage

The New York Times - 22 Feb 2017 17:00
New York Times Names Editor to Steer Daily Coverage Alison Mitchell will be an assistant editor and the third woman to join the masthead in recent weeks.
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McDonald's is cutting the costs of its drinks

USA Today - 22 Feb 2017 20:29
McDonald's is cutting the costs of its drinks McDonald's plans to drastically lower the price of their drink menu. Nathan Rousseau Smith (@fantasticmrnate) explains why.        
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Here's how many games Vegas thinks your favorite MLB team will win this season The Chicago Cubs are once again the favoriteto be the best team during Major League Baseball's regular season, according to the Westgate Las Vegas Superbook (via BangTheBook). With spring training now under way, the Cubs...
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