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Breaking Business News and Colorful Commentary



Last Build Date: Thu, 19 Sep 2013 20:53:21 -0700

 



Misgivings About How a Weed Killer Affects the Soil

Thu, 19 Sep 2013 19:37:42 -0700

Some farmers are examining their soil, and finding cause for concern after years of using glyphosate to kill weeds in their fields. [NYT Business] [Read More]



U.S. Revives Aid Program for Clean Energy

Thu, 19 Sep 2013 19:28:43 -0700

A controversial federal loan-guarantee program intended to support greener energy technologies will shift to supporting development of cleaner oil and coal technology. [NYT World Business] [Read More]



Hiroshi Yamauchi, Who Helped Drive Nintendo Into Dominance, Dies at 85

Thu, 19 Sep 2013 19:20:01 -0700

At 22, Mr. Yamauchi became president of his family's playing-card company and later steered it into the growing game business, developing hits like Donkey Kong and the original Mario Brothers franchises. [NYT World Business] [Read More]



DealBook: Activision Blizzard's Big Stake Buyback Halted by Delaware Court

Thu, 19 Sep 2013 18:11:31 -0700

A court injunction said the company would have to win an appeal or hold a shareholder vote before it could buy back most of Vivendi's stake in itself. [NYT Business] [Read More]



DealBook: Buffett Wants to Keep Bernanke Atop Fed

Thu, 19 Sep 2013 18:10:18 -0700

Asked about Janet Yellen, President Obama's expected choice to lead the Federal Reserve, Warren Buffett said that he didn't know her at all. [NYT Business] [Read More]



DealBook: Computer Flaws Get Wry Smile From Humans Displaced

Thu, 19 Sep 2013 18:09:15 -0700

The technology that virtually eliminated the job of stock market specialist has been the source of expensive, disruptive errors, including the flash crash of 2010. [NYT World Business] [Read More]



DealBook: As Inquiries Persist, JPMorgan Loses Favor

Thu, 19 Sep 2013 18:09:07 -0700

More than a year after traders at JPMorgan Chase caused a multibillion-dollar loss, authorities imposed fines on the bank and shifted scrutiny senior management. [NYT World Business] [Read More]



Detroit bankruptcy foes beg for judge's help

Thu, 19 Sep 2013 17:19:16 -0700

DETROIT (AP) -- It all came down to three minutes. ... [AP Top Business News] [Read More]



EU to change budget calculation to ease austerity

Thu, 19 Sep 2013 17:10:18 -0700

BRUSSELS (AP) -- European Union finance experts have reached a preliminary agreement on changing the way the bloc determines some deficit figures, which will lessen the pressure for austerity measures in some crisis-hit economies, an EU official said Thursday. ... [AP Top Business News] [Read More]



New York Times Company to Pay a 4-Cent Dividend

Thu, 19 Sep 2013 16:49:28 -0700

The president and chief executive of The Times, Mark Thompson, said that while the company would maintain a cautious financial strategy, the strength of the balance sheet justified a dividend. [NYT Business] [Read More]



DealBook: Hedge Funds Gain Foothold in China

Thu, 19 Sep 2013 16:37:28 -0700

In the next few months, six hedge funds will each be able to raise $50 million from institutions in China to invest around the world as part of a pilot program in Shanghai. [NYT World Business] [Read More]



American Made: U.S. Textile Plants Return, With Floors Largely Empty of People

Thu, 19 Sep 2013 16:11:06 -0700

Textile factories are bustling again in the United States, but the savior was automation, meaning few of the jobs lost since the '90s came back with the plants. [NYT World Business] [Read More]



'Get on the Shelf' Finalists Make Last Pitches

Thu, 19 Sep 2013 16:03:37 -0700

One of them will be chosen as the big winner. [ABC News: Money] [Read More]



Home Sales Rise in Spite of Higher Interest Rate

Thu, 19 Sep 2013 15:42:41 -0700

Existing houses are selling at the highest level since early 2007 even as mortgage rates have risen more than a percentage point. [NYT Business] [Read More]



New York Times Co. reinstates dividend

Thu, 19 Sep 2013 15:31:49 -0700

NEW YORK (AP) -- The New York Times Co. is resuming its quarterly dividend, four years after the publisher eliminated the payout during the financial crisis. ... [AP Top Business News] [Read More]



JPMorgan admits fault, pays $920M in trading loss

Thu, 19 Sep 2013 15:27:55 -0700

WASHINGTON (AP) -- The financial penalty is staggering. JPMorgan Chase & Co. will pay $920 million for trading losses that shook the financial world last year. ... [AP Top Business News] [Read More]



Wall Street Journal, All Things D to part ways

Thu, 19 Sep 2013 15:01:50 -0700

The Wall Street Journal and All Things D, the technology website led by Walt Mossberg and Kara Swisher, are parting ways at the end of the year. ... [Associated Press - Economy] [Read More]



High & Low Finance: Money Funds Are Circling the Wagons on Rules

Thu, 19 Sep 2013 14:59:50 -0700

As proposed rules are weighed, the industry is fighting vigorously to avoid even weak regulation. [NYT World Business] [Read More]



Sharing, With a Safety Net

Thu, 19 Sep 2013 14:50:04 -0700

A privacy bill for young people passed by California's Legislature has put the state in the middle of a debate over how to protect those who share without thinking. [NYT World Business] [Read More]



Bits: Despite Early Criticism, Apple's iOS 7 Quickly Gains Traction

Thu, 19 Sep 2013 14:39:07 -0700

Despite harsh criticism from some designers, developers and journalists about iOS 7, Apple's redesigned mobile operating system, people are downloading the software in droves. [NYT Business] [Read More]



Five Thoughts on the German Elections From KKR

Thu, 19 Sep 2013 14:30:04 -0700

Reuters/Michael Dalder The head of Kohlberg Kravis Roberts & Co.'s European business has published a paper examining the potential consequences of the upcoming German elections on the country and the wider euro zone. Financial News , a publication of Dow Jones & Co., pulls out five of the key points raised by... [WSJ.com: Private Equity Beat] [Read More]



How Fed's latest message affects almost everyone

Thu, 19 Sep 2013 14:26:07 -0700

WASHINGTON (AP) -- The Federal Reserve's decision to maintain the size of its economic stimulus could be a gift for car and home buyers, for Americans with 401(k) accounts and perhaps for developing economies. ... [AP Top Business News] [Read More]



Stock market slips after record-setting day

Thu, 19 Sep 2013 14:22:46 -0700

NEW YORK (AP) -- The stock market paused Thursday as investors tried to figure out what to do next following the Federal Reserve's decision to hold steady on its stimulus for the economy. ... [AP Top Business News] [Read More]



News Summary: A day after Fed vote, stocks pause

Thu, 19 Sep 2013 13:30:36 -0700

TRADERS LEFT WONDERING: Investors are trying to figure out if the Federal Reserve's decision to delay any pullback in economic stimulus is a signal that the economy is weaker than previously thought. ... [Associated Press - Economy] [Read More]



Walt Disney and Agilent are big market movers

Thu, 19 Sep 2013 13:29:29 -0700

NEW YORK (AP) -- Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and the Nasdaq Stock Market: ... [Associated Press - Economy] [Read More]



Wells Fargo to lay off 1,800 mortgage employees

Thu, 19 Sep 2013 13:20:33 -0700

NEW YORK (AP) -- Wells Fargo plans to lay off an additional 1,800 employees from its mortgage department, after cutting about 2,300 jobs from the same unit in August. ... [AP Top Business News] [Read More]



Bits Blog: Tech Titans Form Biotechnology Company

Thu, 19 Sep 2013 13:09:10 -0700

Calico, a new start-up focusing on aging and illness, is run by Arthur D. Levinson, the former chief executive of Genentech, and financed by Google. [NYT World Business] [Read More]



Bits Blog: Grand Theft Auto V Muscles Its Way to Sales Record

Thu, 19 Sep 2013 13:07:45 -0700

The video game has beaten sales records for the edgy and violent adventure series, earning more than $800 million in sales for its first day on store shelves. [NYT Business] [Read More]



WikiLeaks Publishes A Leaked Script For 'The Fifth Estate'--And Its Own Scathing Review

Thu, 19 Sep 2013 12:55:09 -0700

Make a film about WikiLeaks--and particularly one that's less than flattering to its founder Julian Assange--and it should come as little surprise when its script ends up prematurely spilled onto the Internet. [Forbes] [Read More]



iOS 7 Bug Lets Anyone Bypass iPhone's Lockscreen To Hijack Photos, Email, Or Twitter

Thu, 19 Sep 2013 12:54:31 -0700

Forget the debate around the security or insecurity of the iPhone 5s's fingerprint reader. The latest version of the iPhone's operating system currently offers a huge, gaping hole in its old-fashioned passcode lockscreen. [Forbes] [Read More]



Futures Movers: Oil futures slip as traders study Fed decision

Thu, 19 Sep 2013 12:47:28 -0700

Oil turns lower with analysts attributing weakness to a closer read on the Federal Reserve's policy decision as well as pressure from the easing supply concerns linked to the Middle East. [MarketWatch.com - Top Stories] [Read More]



EYVoice: What Matters: Socialization, Speed, Failure And Collaboration

Thu, 19 Sep 2013 12:47:00 -0700

Socialize. Innovate. Fail. Collaborate. This is the mantra of a new generation of innovators those who have discovered firsthand that a linear approach to success is a thing of the past. [Forbes] [Read More]



Nokia's Elop getting $25 mil in Microsoft deal, time for house shopping

Thu, 19 Sep 2013 12:35:14 -0700

Talk about a relocation bonus. Nokia today announced that its former chief executive, Stephen Elop, will receive $25 million at closing if Microsoft completes its acquisition of the Finnish phone giant. Elop would also then return to work at Microsoft. Some think Elop for [Seattle Times: Business & Technology] [Read More]



What South Park Can Teach You About Business -- Hint: Stealing Underpants Isn't Enough

Thu, 19 Sep 2013 12:33:00 -0700

My favorite South Park episode is called Gnomes. [i] Here's the gist of the story, as I remember it. [Forbes] [Read More]



UN report proves Syria regime used weapons: Kerry

Thu, 19 Sep 2013 12:31:52 -0700

WASHINGTON (MarketWatch) -- A report from the United Nations proves that the regime of Syrian President Bashar al-Assad used chemical weapons in an attack on its own people, U.S. Secretary of State John Kerry said Thursday. Ahead of a UN meeting next week, Kerry said the UN Security Council must be prepared to act on a... [MarketPulse] [Read More]



Census: No sign of economic rebound for many in U.S.

Thu, 19 Sep 2013 12:31:09 -0700

Even as the economy shows signs of improvement and poverty levels off, new U.S. census data suggests the gains are halting and uneven. Depending on education, race, income and even marriage, not all segments of the population are seeing an economic turnaround. [Seattle Times: Business & Technology] [Read More]



Reuters Next: Anatomy Of A Multi-Million-Dollar Misfire

Thu, 19 Sep 2013 12:31:00 -0700

What kind of company spends millions of dollars developing a product it's not sure it wants or needs? , apparently. [Forbes] [Read More]



Are Philanthropists Too Ambitious

Thu, 19 Sep 2013 12:30:00 -0700

Much like the field of high technology, philanthropy has now become a frontier and incubator of creativity and innovation. Some of the world's greatest entrepreneurs, academics and artists have devoted themselves to creating systemic change, fostering economic development or scaling up giving. [Forbes] [Read More]



US 30-year mortgage rate dips to 4.50 pct.

Thu, 19 Sep 2013 12:29:08 -0700

Average U.S. rates on fixed mortgages declined this week amid signs the economic recovery is slowing. ... [AP Top Business News] [Read More]



Morgan Stanley Deal Latest Drop In Structured Secondary Bucket

Thu, 19 Sep 2013 12:28:54 -0700

Morgan Stanley Alternative Investment Partners' structured secondary deal for Ferrer Freeman & Co. is the tip of an iceberg floating in a veritable sea of liquidity, according to several industry executives. [WSJ.com: Private Equity Beat] [Read More]



Movers & Shakers: Tesla hits record, Groupon rallies on upgrade

Thu, 19 Sep 2013 12:22:22 -0700

Tesla climbs to trade at a record after the stock's price target is raised at Deutsche Bank. [MarketWatch.com - Top Stories] [Read More]



Market Snapshot: U.S. stocks stall near Fed-fueled records

Thu, 19 Sep 2013 12:18:25 -0700

U.S. stocks on Thursday mostly fall, with benchmark indexes retreating from record highs that came with the Federal Reserve's unexpected decision not to begin cutting stimulus. [MarketWatch.com - Top Stories] [Read More]



Rising Mortgage Rates Narrowing Buy vs. Rent Gap

Thu, 19 Sep 2013 12:16:00 -0700

Trulia's Chief Economist Jed Kolko revisits the Rent vs. Buy question in light of today's higher mortgage rates. As it turns out, buying a home is still 35% cheaper than renting in all of the 100 largest metros, but San Jose, San Francisco, and Honolulu are on the verge of tipping. [Forbes] [Read More]



Electronic cigarettes stub out no-smoking signs

Thu, 19 Sep 2013 12:15:48 -0700

Thanks to electronic cigarettes, it may now be easier to get away with smoking on an airplane than with using a cellphone. The devices are beginning to reverse decades-long efforts to ban smoking in public places. [MarketWatch.com - Personal Finance News] [Read More]



SodaStream Looking Good To Buy On Pullback From Highs

Thu, 19 Sep 2013 12:15:00 -0700

When everyone is leaning or saying one thing (taper), the market tends to do the opposite. Wednesday's vertical move in the indexes was a perfect example of that. [Forbes] [Read More]



News Analysis: No Quick Fix When Stimulus Ends

Thu, 19 Sep 2013 12:08:00 -0700

The Federal Reserve's decision postpones the inevitable withdrawal for sick global economies. [NYT World Business] [Read More]



Super Bowl XLVIII Pricing: A Lesson In Demand Elasticity

Thu, 19 Sep 2013 12:06:00 -0700

Thanks to evidence from the secondary ticket market, the prime-time tickets for Super Bowl XLVIII will be super-sized. [Forbes] [Read More]



Bond Report: Treasury rally cut short by strong economic data

Thu, 19 Sep 2013 11:57:13 -0700

Fed-inspired Treasury rally is cut short Thursday after stronger-than-expected housing data and other economic figures, while some strategists scale back rate expectations after central bank signals slow path to normalized monetary policy. [MarketWatch.com - Top Stories] [Read More]



Tennis Ref Sues for Gender Discrimination

Thu, 19 Sep 2013 11:53:25 -0700

A former tennis umpire and referee is suing the U.S. Tennis Association's Pacific Northwest Section, saying she was fired for complaining that men typically officiate higher-ranked matches. [ABC News: Money] [Read More]



Keystone Pipeline - Five Years And Counting

Thu, 19 Sep 2013 11:52:00 -0700

Five years ago today, the Calgary, Alberta-based corporation filed an application for a presidential permit to build an extension to the Keystone Pipeline. The addition was dubbed Keystone XL, ( KXL ) and was intended to add capacity to the existing pipeline. The Northern part of the pipeline would transport Canadian... [Forbes] [Read More]



Microsoft holds financial analysts meeting this afternoon

Thu, 19 Sep 2013 11:51:27 -0700

Microsoft is holding its financial analysts meeting this afternoon, during which company executives are expected to give more details on how they plan to transform Microsoft into a devices and services company and how the massive company reorganization will affect how it reports its financial result [Seattle Times: Business & Technology] [Read More]



Quit Multitasking: How To Unitask And Get More Done

Thu, 19 Sep 2013 11:51:00 -0700

When I sat down to start writing this piece, I received three emails, my phone rang twice, and a colleague stopped by my cubicle to ask a question--all within the first minute. It didn't faze me, because, like most people in the workforce today, I've become accustomed to juggling several tasks at once. But chances are... [Forbes] [Read More]



Boeing gets $11B Lufthansa boost before board backs 777X

Thu, 19 Sep 2013 11:49:30 -0700

Boeing got an $11 billion boost with Lufthansa's order for 34 777-9X jets, a model that doesn't yet have final approval from the planemaker's board. [Seattle Times: Business & Technology] [Read More]



Oil futures fall as traders react to Fed forecasts

Thu, 19 Sep 2013 11:46:37 -0700

NEW YORK (MarketWatch) -- Oil futures fell Thursday after the Federal Reserve cut its economic forecast, raising concerns about energy demand. The Fed held monetary policy steady on Wednesday and revised lower its estimate for economic growth, now expecting 2013 growth of 2.0% to 2.3%. 'Yesterday's euphoric rally is... [MarketPulse] [Read More]



Amazon workers strike in Germany

Thu, 19 Sep 2013 11:46:09 -0700

Workers at two Amazon.com Inc. distribution centers in Germany have walked off the job in an ongoing dispute over wages with the American online retailer. [Seattle Times: Business & Technology] [Read More]