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Startup News

Location American Startup News for 1 April 2013

Daily Wrap: 4/1/13

Forbes - 1 Apr 2013 22:52
Stocks fell on thus first day if April, with the tech heavy Nasdaq losing the most, about 1%. Shares of Apple (AAPL) gave up over 3% after its CEO issued and apology to Chinese consumers for customer service issues there...
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Commercial Metals Profit Drops

Forbes - 1 Apr 2013 22:30
Commercial Metals Company (CMC) announced that it earned 4 cents per share, or $4.6 million, for the second quarter of fiscal 2013 versus earnings of 25 cents in the same period last year, missing estimates by 16 cents. ...
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Analyst Moves: GIS, VCI

Forbes - 1 Apr 2013 22:29
General Mills (GIS) was downgraded by Morgan Stanley (MS) from overweight to equal weight with a price target of $49 due to a lack of near term catalysts at the company.
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Anworth Mortgage Asset Corporation (ANH) maintained its quarterly dividend of 15 cents per share. The dividends is payable on April 29 to shareholders of record as of April 8.
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Shares of General Motors and Ford Motor are expected to be active on Tuesday with major auto makers scheduled to release U.S. sales numbers for March.
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Chewse chomps down into $1M to make corporate catering suck less Business-to-business marketplace Chewse raises $1 million to expand its corporate catering marketplace that makes it easier to find and order high-quality meals for large groups.
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Bitcoin value surpasses $100 -- is this another bubble? The value of a single Bitcoin surpassed $100 today, a huge milestone for the virtual currency. But with the currency's crazy rise in the past few months, it's time to start seriously wondering if Bitcoin is in a bubble.
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Want to resell your MP3s online? Too bad, says New York judge ReDigi is on the losing end of a battle for the future of used digital goods. Will Apple and Amazon stand a chance?
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Coursera resurrects the lost art of underwater basketweaving In honor of April Fools Day, Coursera releases a class on underwater basketweaving, making education about this spiritual, artistic, and functional practice accessible to anyone with internet and a tub.
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Tell My Friends aims to turn music sales into an affiliate marketing scheme Tell My Friends, currently in beta testing, wants to encourage digital music sales by giving fans a percentage of every sale they facilitate.
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GDC drew more than 23,000 attendees to hear diverse perspectives on games Here's a roundup of the GDC. This year, the parties generated as much buzz as the sessions.
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Twitter for business, 101: Twitter wants to help advertisers 'tweet to success' It's no April Fools joke: Twitter is getting seriously serious about monetization. Just the latest indicator is a refreshed and updated help site the social network launched today for business users.
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Facebook Home leak reveals HTC's Facebook phone and an Android home screen replacement At this rate, Facebook may not have many surprises left in store for its Thursday Android event.
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Attacking A $3 Billion Rent-A-Car Market

Forbes - 1 Apr 2013 20:02
Attacking A $3 Billion Rent-A-Car Market Using a business model familiar to anyone who's done a double-take of Zipcar, India-based ZoomCar is looking to grab market share in that country's $3 billion car rental space and just raised a wad of cash with which to ...
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Facebook is still losing teens to mobile messaging apps The bigger Facebook gets, the less teens want to deal with it.
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Business Ownership Comes With Privileges

Forbes - 1 Apr 2013 19:53
The military has produced many acronyms, one of which is RHIP, which stands for, "Rank Has Its Privileges."
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Want Growth? Getting More Flights Might Help Some years ago. I did some work on whether air traffic could predict population growth and job growth. The process of doing so is not as straightforward as it sounds, because something might simultaneously explain both a...
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Analyst Moves: ABBV, CCE

Forbes - 1 Apr 2013 19:46
Abbvie (ABBV) was downgraded by BMO Capital (BMO) from outperform to market perform, as the stock price has approached the previously set $42 price target.
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How To Trade The Reflation of Multiple Bubbles In case you haven't noticed, the multiple-asset bubble of 2006-7 is back. Home prices are jumping at double-digit rates in all the usual places--like Arizona and Florida. Equity markets hit all-time highs, with S&P 500 (...
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Appeals Court Rules For Aereo On Streaming-Broadcast Service (Photo credit: Wikipedia)
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Decline a Job Offer -- The Right Way!

Forbes - 1 Apr 2013 15:50
Over the last few weeks I have been asked by students and alumni that are fortunate enough to have several job offers, how to decline the offer or offers they do not want to accept. In fact, one of my own daughters recen...
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Android up 13%, iOS down 7%, BlackBerry down 81% ... and Windows Phone up a massive 52% The mobile operating system market share numbers are in for Kantar Worldpanel's last quarter, and the numbers are shocking.
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