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Business News

Location American Business News for 4 April 2013
REUTERS EMPLOYEE: I Was Fired For Tipping The Feds Off About Our Early Releases A former Thomson Reuters employee says he was fired after he warned federal authorities his company was tipping market reports, Bloomberg's David Glovin reports. Mark Rosenblum said in a complaint filed Thursday in Manha...
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Fed Vice Chair Gives Magnificent Speech On The 'Revolution' In Monetary Policy That Almost Nobody Talks About Since the onset of the financial crisis, the Fed has famously engaged in "unconventional" measures to ease monetary policy. Unconventionality has been required, since short term interest rates have dropped to ~0%, and th...
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There Is A Worrying Sign That The New Bird Flu May Spread Between Humans A person who had been in contact with a patient that died of H7N9 has been quarantined with flu symptoms, Xinhua reports. The person had close contact with one of the five patients that have died from this new bird flu. ...
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Facebook tweaks Android phones to build new 'Home'

News Observer - 5 Apr 2013 01:37
With its new "Home" on Android gadgets, Facebook is trying to prove that a company doesn't have to make a smartphone or operating system to define how people interact with...
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Corn sinks again as traders worry about oversupply

Miami Herald - 5 Apr 2013 01:36
Corn futures ended sharply lower Thursday as traders worry about excess supplies of the grain.
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Treasury says Lew contributing part of his salary

Miami Herald - 5 Apr 2013 01:36
Treasury Secretary Jacob Lew has become the latest member of President Barack Obama's Cabinet to give back a portion of his salary.
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HP Will Launch Its Pride-And-Joy Moonshot Servers On Monday (HPQ) HP is holding a press conference on Monday to officially launch the company's mega important new Moonshot server. HP has pinned a lot of hope on this new product. At HP's annual shareholder's meeting, CEO Meg Whitman sai...
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The Federal Reserve's communication strategy has transformed from ultra-secrecy to making sure that the public has a clear understanding about the central bank's likely future actions, Fed Vice-Chair Janet Yellen said.
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Wait, Do People Really Want To Use Facebook Like *This*? (FB) Facebook announced Facebook Home today. It's an application layer that takes over Google's Android, pushing the traditional design with third party applications into the background. Mark Zuckerberg says the goal of the F...
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Facebook introduces smartphone software

News Observer - 5 Apr 2013 01:31
Facebook Thursday unveiled smartphone software that puts social-networking features front and center on a handset, stepping up efforts to boost sales of advertising on small screens.
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Finally Some Good News For John Paulson

Business Insider - 5 Apr 2013 01:30
Finally Some Good News For John Paulson Closely-followed hedge fund manager John Paulson's Paulson & Co. posted gains so far this year after getting crushed in 2012 and 2011. The Wall Street Journal's Juliet Chung reports: Mr. Paulson's long-troubled Advantage...
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Samsung Aims at Apple With Best Buy Centers

ABC News - 5 Apr 2013 01:27
Samsung Aims at Apple With Best Buy Centers Samsung has just announced a partnership with Best Buy to erect more than 1,400 Samsung Experience Shops within Best Buy and Best Buy Mobile stores across the U.S.
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Vanguard CIO Tim Buckley, at a glance

Miami Herald - 5 Apr 2013 01:26
NAME: Mortimer J. "Tim" Buckley
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Federal court rules electricity rebates are due in California SACRAMENTO -- A federal court this week ruled that two government power agencies are liable for overcharging California ratepayers by more than $1 billion during the state's energy crisis of 2000 and 2001.
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Ray Lane steps down as H-P chairman

Market Watch - 5 Apr 2013 01:21
Embattled Hewlett-Packard Co. Chairman Ray Lane will step down and be replaced, at least temporarily, at the computer-technology giant by board member Ralph Whitworth.
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What Were The CEOs Of Dropbox And Tumblr Doing At Facebook Today? (FB) As we walked into Facebook headquarters today to cover the launch of its new Home app, we ran into Tumblr CEO David Karp. We chatted with Karp, who said he got out to the Bay Area from time to time--as he should, since t...
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Nepal's battle with drug traffickers

BBC - 5 Apr 2013 01:20
Nepal's battle with drug traffickers Nepal fights to avoid being called a haven for drug trafficking
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News Summary: Stocks stabilize after a slump

Miami Herald - 5 Apr 2013 01:16
BACK IN: Investors got back in to the market after a slump a day earlier. The Dow Jones industrial average rose 55 points, almost exactly half of what it lost the day before.
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No. 2 Fed official praises new Fed openness

Miami Herald - 5 Apr 2013 01:16
The No. 2 official at the Federal Reserve says she hopes the old days of extreme secrecy surrounding the Federal Reserve are gone forever.
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Top Ten Resorts For Globe Trotting Families In 2013 This month the World Travel Awards were revealed in New Delhi. Considered the Oscar night of the travel and tourism industry, the WTAs give out awards in all sorts of travel categories, from top airline to top ski resort...
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PRINCESS SUBPOENAED DEEPENS SPANISH CROWN'S TURMOIL For some, it's confirmation that in Spain, ?justice is equal for all."
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Mark Zuckerberg Has A Really Good Explanation For Why Facebook Will Never Make A Phone (FB) Mark Zuckerberg kicked off his presentation of the new Android app Facebook Home today with an explanation why it doesn't make sense for the company to make its own smartphone. It boils down to this: Not including iPhone...
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