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Business News

Location American Business News for 19 December 2012

Talk to Sell Gun Maker Began After Shooting

Wall Street Journal - 19 Dec 2012 07:05
Cerberus Capital will try to sell the maker of the rifle used in last week's school massacre.
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Judith Samuelson: Follow the Money: Is Your Mutual Fund Investing in Guns? When real investors pay attention to this question, as they have in the wake of the Newtown massacre of innocents at Sandy Hook Elementary, things can get pretty interesting.
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Gen Y investors in the driver seat of ETF growth

Investment News - 20 Dec 2012 01:40
Quicker to jump on the ETF bandwagon than older counterparts.
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Instagram Debunks 4 Myths About Its New Rules

The Huffington Post - 19 Dec 2012 02:12
Instagram Debunks 4 Myths About Its New Rules Instagram -- which has gone from plucky photo-sharing startup to cog in the giant Internet machine that is Facebook -- just had one of the...
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Banker Who Pulled Knife Fired

ABC News - 20 Dec 2012 01:59
Banker Who Pulled Knife Fired William Bryan Jennings, the banker whose assault and hate-crime charges over a dispute with a New York cab driver were dropped, was fired by Morgan Stanley and is now reportedly trying to get deferred compensation from h...
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Mitch Feierstein: A Song for the Holidays: On the First Day of Christmas, What Greedy Bankers and Politicians Gave to Me How have the U.S. middle classes even vaguely been able to sustain their living standards? Answer: by taking on unpayable debt that chokes the financial system and throttles economic growth. It's an appalling situation a...
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Daily Wrap: 12/19/2012

Forbes - 20 Dec 2012 01:50
After a weak open this morning, the markets remained in negative territory as investors continue to keep a close eye on the fiscal cliff negotiations.
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Treasurys Rally; Auction Gets Strong Demand

Wall Street Journal - 20 Dec 2012 01:28
Treasurys bounced back as buyers returned to the market and bid up a seven-year note auction, looking to take advantage of the recent price drop.
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SAN FRANCISCO (Reuters) - Videogame maker THQ Inc said on Wednesday it filed for bankruptcy protection, and entered into an agreement with private investment firm Clearlake Capital Group for a potential sale of its asset...
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5 Promising Photo Apps You Should Know

Forbes - 20 Dec 2012 01:22
5 Promising Photo Apps You Should Know We've all heard of Instagram – and its $1 billion price tag. You may also be familiar with Instagram’s predecessor, the retro-styled Hipstamatic, or Path, the former photo-sharing app that is now an everyth...
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Hackathon Carves Better Future for Sustainable Meat From December 7-9, Food+Tech Connect, GRACE Communications Foundation and Applegate brought together more than 150 “steakholders,” technologists, entrepreneurs, creatives and policy experts for Hack//Meat, th...
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UBS Libor case uncovers tangled web of bank-broker relations Regulators publish emails showing scale of rigging of Libor rates before and during the 2008 financial crisis The record £940m fine levied on Swiss bank UBS threatens to shift the focus of the worldwide Libor rigging ...
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China Solar Shrs Soar; Gov Says It Supports Consolidation Chinese solar stocks rocketed higher Wednesday after China's government said it would support consolidations and bankruptcies in the sector in a bid to reduce over-capacity.
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General Mills Announces Earnings

Forbes - 20 Dec 2012 01:06
General Mills (GIS) announced that it earned $541.6 million, or 82 cents a share, up from $444.8 million, or 67 cents a share, in the same period last year. Excluding mark-to-market effects, the company earned 86 cents p...
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Mind the (tax) gap

Investment News - 20 Dec 2012 01:04
Democratic chairman wants to move investment tax rates closer to individual levies.
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SHANGHAI (Reuters) - Long-time China watchers probably felt a sense of deja vu when HSBC's chief China economist, Qu Hongbin, predicted last month that the yuan would be convertible within five years.
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Revenu & Customs offers deal on tax avoidance sheltering £3.5bn Investors in film financing given chance to settle tax liability or risk disputes 'accelerated to litigation' Revenue & Customs is to write to some of Britain's wealthiest bankers, hedge fund managers and celebrities off...
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Small Business Owners And Taxable Income -- Setting The Record Straight The small business owner was iconic during this last election cycle. The rage all started four years ago with Joe the Plumber, and the candidates in this last run have since elevated the small business owner to near sain...
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Sprott Asset Management today announced that Sprott Physical Platinum and Palladium Trust, a trust created to invest and hold substantially all of its assets in physical platinum and palladium bullion and managed by Spro...
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'Tis the Season for More Smartphone 'Patent War' Court Rulings As we remarked in a late December 2011 post, federal judges have no qualms with keeping lawyers, reporters, legal commentators, and other interested parties busy during the holiday season by releasing decisions in hig...
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Why Bill Ackman Is Wrong on Herbalife

Forbes - 20 Dec 2012 00:53
Kudos to Bill Ackman for coming forward with his short position in Herbalife (HLF) shares.
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Tis the Season for Many Merry Earworms

Forbes - 20 Dec 2012 01:26
Tis the Season for Many Merry Earworms For a couple months leading up to Christmas, we’re all infected with a pernicious scourge: earworms. Sounds like a bloodsucking parasite, but “earworm” (which comes from a translation of the G...
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