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Business News

Location American Business News for 21 June 2014
American Apparel's Ousted CEO Dov Charney Misused Funds, Reuters Source Reports By Nadia Damouni and Jeffrey Dastin NEW YORK, June 21
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IRS Commissioner John Koskinen declined on Friday to apologize for years of missing employee e-mails, including those of former official Lois Lerner, a central figure in the controversy over the agency's extra scrutiny o...
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Google's Nest Is Buying Wi-Fi Camera Company Dropcam For $555 Million Google's Nest has reached a deal to buy Dropcam, an internet camera company, for $555 million according to The Wall Street Journal's Scott Thurm:  Google/Nest buying Dropcam for $555 million — Scott Thurm (@ScottThurm...
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Iraq Insurgents Reaping Wealth as They Advance

The New York Times - 21 Jun 2014 03:28
Iraq Insurgents Reaping Wealth as They Advance Behind the image of savagery that the extremists of the Islamic State in Iraq and Syria present lies a disciplined organization that employs social media and sophisticated financial strategies.
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Somma gets exotic Credit Suisse post

New York Post - 21 Jun 2014 02:52
Somma gets exotic Credit Suisse post Credit Suisse has hired Paul Somma to head its exchange-traded note business -- a more exotic securities breed that is drawing heightened regulatory scrutiny. Somma joined about two weeks ago...
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(Reuters) - Dropcam, the home-monitoring camera startup, will be bought by Google Inc's Nest Labs for about $555 million in cash, a technology news website reported on Friday.
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American Apparel CEO ouster linked to 'sex slave' case

New York Post - 21 Jun 2014 02:18
American Apparel CEO ouster linked to 'sex slave' case American Apparel has moved to fire CEO Dov Charney over allegations related to the 2011 case of Irene Morales, a former employee who accused him of making her his "sex...
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A Drone Filmed A Gorgeous $24 Million Yacht Going Up In Flames A $24 million 110-foot yacht was destroyed by fire near San Diego on Thursday, and a drone with a video camera captured the devastating scene, NY Daily News reports. The "Polar Bear" caught fire around 9:15 a.m. while i...
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It's Time To Bail On The Stock Market When Two Of Bob Farrell's Investing Rules Meet FA Insights is a daily newsletter from Business Insider that delivers the top news and commentary for financial advisors. Its Time To Bail On The Stock Market When Two Of Bob Farrell's Investing Rules Meet (Gluskin Sheff...
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Brazil's Billion-Dollar Boondoggle

Forbes - 21 Jun 2014 20:32
I know Forbes loves stories about billionaires, so here's one about the most disgusting billionaire in Brazil -- the national stadium in the capital, Brasilia.
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Investors Just Threw A Ton Of Money At Unusually High-Risk Bonds For A Project That Doesn't Make Money "Where can you get 12% yield?" Investors just took on a ton of risk to finance a new Florida passenger railway project being undertaken by Fortress Investment Group, reports Reuters' Natalie Harrison and Shankar Ramakris...
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What Big Pharma Could Learn From A Craft Beer Brewer While U.S. companies like Pfizer (PFE), Walgreens (WAG) and Medtronic (MDT) make noise and grab political attention by looking at overseas domiciles to lower tax rates, along comes Tony Magee, brewer of the popular Lagun...
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Google makes a bet on 5G wireless with Alpental buy

Venture Beat - 21 Jun 2014 07:22
Google makes a bet on 5G wireless with Alpental buy How can you leverage mobile to increase profitability for your company? Find out at MobileBeat, VentureBeat's 7th annual event on the future of mobile, on July 8-9 in San Francisco. Register now and save $200! All of Goo...
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US-Germany World Cup Tickets Amongst Most Expensive In Qualifying Round After an opening match victory against Ghana in the World Cup, the United States has set up for a favorable route out of the “Group of Death.” While the path is there, it's far from clear, as next up are tough matche...
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Anatomy Of A Business Breakthrough, In 3 Steps For every size business, there is a thirst and at times a significant or urgent need for a breakthrough. So how do entrepreneurs "will" a breakthrough to happen?
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Nigeria Fishermen Reject Shell's $50 Million

The Huffington Post - 21 Jun 2014 03:37
Nigeria Fishermen Reject Shell's $50 Million LAGOS, Nigeria (AP) -- Thousands of Nigerian fishermen have rejected an offer of $50 million from Royal Dutch Shell for "some of the largest oil spills in history," their British lawyers said Friday after winning a landm...
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RealtyTrac released its first-ever report on natural disaster risk as it applies to housing, along with a slick interactive heat map that allows you to see its natural disaster ranking for any county nationwide along wit...
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Business Briefing: Argentina to Negotiate With Creditors

The New York Times - 21 Jun 2014 01:32
The Argentine president, Cristina Fernández, said on Friday that her government would negotiate with all the country's creditors in a bid to avoid default.
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Commodity Prices: Basics for Businesses That Buy, Sell or Use Basic Materials Commodity price trends are a hot topic among some of my clients and audience members. This is the first of three articles about commodity price, covering basic material that someone buying or selling commodities should u...
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IRS & White House Defiant Over Lost Emails As Supreme Court Upholds Challenge To IRS Summons 'Lost' Email Excuses Continue, but No Apology in Sight. Fighting the IRS in Court is Expensive But Sometimes Pays Off.
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Apple's crackdown on incentivizing app installs means marketers need new tricks Guest Post: App marketers could be challenged by Apple's new app stores changes.
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Fundraiser to support 'NSA-proof' email gets off to a roaring start Three days after its Indiegogo campaign kicked off, the team has already raised $160,000 -- 60 percent more than its initial goal.
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