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Startup News

Location American Startup News for 8 April 2013
J.C. Penney shares are likely to be active on Tuesday after the company replaces beleaguered CEO Ron Johnson with former-CEO Mike Ullman.
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Brain drain: Your thoughts could soon replace passwords A team at UC Berkeley has discovered an mass-marketable way of measuring brainwaves and using them to replace passwords.
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Intel's Thunderbolt 2.0 interface will be twice as fast as today's (and maybe you'll actually use it) Intel's ultrafast Thunderbolt interface is going to get a lot faster in its next iteration.
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Daily Wrap: 4/8/13

Forbes - 8 Apr 2013 23:04
Shares of Alcoa (AA) dropped almost 1% in after hours trading as first quarter revenue fell short of expectations. The stock had gained almost 2% in today's session in anticipation of its announcement. Earnings were bett...
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Code for America and Google form incubator to 'turbocharge' civic-minded startups Code for America and Google for a new program that will help CfA fellows turn their products and ideas into sustainable businesses.
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Alcoa Announces Earnings

Forbes - 8 Apr 2013 23:01
Aluminum maker Alcoa (AA) announced earnings of 11 cents per share on revenue of $5.83 billion for the first quarter.
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Bragging About Winning Your NCAA Pool On Facebook May Cost You Come Tax Time According to several reports, the IRS is stalking you on social media sites, and it ain't to see pictures of your trip to the Outer Banks or read about how refreshing your three-mile run felt last Saturday.
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15 Ways To Invite An IRS Audit

Forbes - 8 Apr 2013 22:55
15 Ways To Invite An IRS Audit There's no reason to pay more tax than is legally required, but there's also no reason to make yourself a target for an Internal Revenue Service audit or to get your return flagged by the IRS' computers, which match bill...
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Scientific Misconduct: From Darwin And Mendel To Poldermans And Matsubara Responding to recent episodes of scientific misconduct in cardiovascular research involving once prominent cardiovascular researchers, the editor of the European Heart Journal, Thomas Lüscher, has written an editoria...
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Digital signage biz RMG Networks goes public at $10 a share in reverse merger Digital media company RMG Networks has gone public in a reverse merger with SCG Financial Acquisition Corp, bypassing the traditional IPO process.
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A Wealthy Mexican And Latin Americans On The Leaked List of Individuals With Money Offshore A wealthy Mexican, the children of a Brazilian steel billionaire, two sons of a former Colombian President and a Venezuelan Army general are among the 130,000 individuals in 170 countries whose secret offshore banking re...
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How Companies Become And Stay Great

Forbes - 8 Apr 2013 22:17
How Companies Become And Stay Great What sets a company apart from the rest of the crowd? Is it scale and scope? Is it innovation? Is it global presence? Is it market niche?
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Advocacy groups call for 'week-of-action' to change the Computer Fraud and Abuse Act The proposed changes to the Computer Fraud and Abuse Act spurred more than just angry tweets. The EFF and others are calling for people to rise up and flood congressmen with CFAA reform demands.
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Gig.U yanks press release congratulating Austin on Google Fiber A leaked press release from gigabit internet organization Gig.U congratulating the city of Austin and Google on their new Google Fiber partnership was quickly removed today.
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Analyst Moves: DDAIF, MTN

Forbes - 8 Apr 2013 21:28
Daimler (DDAIF) had its price target and estimates reduced by UBS (UBS) due to worse than expected first quarter guidance and weak German markets. A price target of $70.22 was set.
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On Earth Day, hangout with the Energy Department

Venture Beat - 8 Apr 2013 21:13
On Earth Day, hangout with the Energy Department The Earth Day Hangout is another way the Energy Department is engaging with users online. The Energy Saver website already provides tips and advice for saving energy and cash, complete with ways of making your own energy...
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UMH Properties Incorporated (UMH) maintained its quarterly dividend of 18 cents per share. The dividend is payable to shareholders of record at the close of business May 15, 2013.
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Florida takes major steps towards making revenge porn a felony Florida's House subcommittee unanimously voted in favor of a bill that would make posting revenge porn a felony punishable by up to five years in prison and a $5,000 fine, which could set a powerful precedent.
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Why the lucrative near-future of personal robots won't include robotic assistants The personal robots market is set to pull in some major cash over the next few years -- but robotic assistants probably won't be a part of the equation.
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Analyst Moves: HBI, WLL

Forbes - 8 Apr 2013 20:15
Hanesbrands (HBI) had its price target and estimates increased by Citigroup (C) after the company initiated a dividend that will likely attract new investors. Earnings estimates were increased as a result of a better tha...
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Wikileaks releases searchable database of old U.S. records Wikileaks, scorge of the federal government that they are, has released a brand new collection of data files from the `70s today that show the country's dealings with the rest of the world.
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Analyst Moves: JNJ, LLL

Forbes - 8 Apr 2013 19:48
Johnson & Johnson (JNJ) was downgraded to neutral from overweight by J.P. Morgan (JPM) as the present stock price does not provide investors with an attractive entry point. An $83 price target was set.
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