Ben Bernanke's power over your money
Source: CNN
Atlanta :: GA :: USA | updated 2013-06-20 03:06:01 -0700 | business-news
Indeed, mortgage rates have recently risen from their record lows. Last week, average rates for a 30-year fixed-rate mortgage hit 3.98%, up from 3.35% in early May, according to mortgage giant Freddie Mac. The recent rate increase amounts to about...
Innovation Zombies, and Other Hazards For Great Ideas
Source: Forbes
New York City :: NY :: USA | updated 2013-06-20 03:02:15 -0700 | business-news
Then the danger starts. Companies tend to kill great ideas in three ways. Seldom is the peril overt. Rather, the hazards attack in a slow, insidious, and devastatingly effective manner: 1. The Zombie Scenario Many projects never really die, they just...
Of Lab Rats, M.I.C.E & Getting Most Anyone To Do What You Want
Source: Forbes
New York City :: NY :: USA | updated 2013-06-20 03:02:16 -0700 | business-news
This is not intended to be demeaning (though lab rats might find it insulting). The reference to lab rats means that there are ways to influence nearly all behavior at least to some extent. While this viewpoint has its limits,...
UK mortgage lending 'up by a fifth'
Source: BBC
Halifax :: United Kingdom | updated 2013-06-20 02:41:33 -0700 | business-news
This was up 21% on the previous month and 17% higher than in May last year, assisted by government schemes to boost the market. The data comes shortly after building societies warned of a price "bubble". Bob Pannell, chief economist...
A Troubling Sign Out Of Spain
Source: BusinessInsider
Madrid :: Spain | updated 2013-06-20 02:35:10 -0700 | business-news
Spain just reported the results of its latest bond auctions, and the weak demand has people worried . The Spanish government sold 1.3 billion euros worth of bonds maturing in 2018 at a bid-to-cover ratio of 2.2 , down from...
Strong rise in UK retail sales
Source: BBC
London :: United Kingdom | updated 2013-06-20 01:59:26 -0700 | business-news
UK retail sales sees strong rise in May UK retail sales rose 2.1% in May from the month before, official figures show, beating expectations. Sales were also up 1.9% compared with the same month last year, said the Office for...
VIDEO: Howard Stringer steps down from Sony
Source: BBC
Tōkyō :: Japan | updated 2013-06-19 22:53:52 -0700 | business-news
Howard Stringer steps down from Sony 20 June 2013 Last updated at 01:51 ET Sir Howard Stringer, the chairman and former chief executive of Sony Corporation is set to step down on Thursday. The British born executive took over the...
Economic Report: China factory activity slowing further in June
Source: MarketWatch
Los Angeles :: CA :: USA | updated 2013-06-20 02:58:49 -0700 | business-news
An employee wears a self-made cardboard mask at a bicycle factory in Zaozhuang, China...Purchasing Managers' Index fell to a nine-month low of 48.3, down from May's final reading of 49.2...The result came in below a 49.1 forecast from a Bloomberg...
Chicago tops in owner-vacated properties in foreclosure
Source: United Press International
Irvine :: CA :: USA | updated 2013-06-19 22:18:58 -0700 | business-news
Chicago has the highest number of owner-vacated foreclosed properties among major U.S. cities in June, online foreclosure marketplace RealtyTrac said. In a report released Thursday, RealtyTrac -- which tracks foreclosures -- said Chicago documented 14,717 owner-vacated properties, the most...
Eurotunnel accused of overcharging
Source: BBC
Brussels :: Belgium | updated 2013-06-19 21:28:17 -0700 | business-news
The EC said both passengers and freight services are paying over the odds for using the track through the tunnel, which is operated by Eurotunnel. Eurotunnel is a private company owned by the investors who paid for and now run...
China's Central Bank Maintains Tough Stance Amid Liquidity Crunch
Source: BusinessInsider
San Francisco :: CA :: USA | updated 2013-06-19 21:26:27 -0700 | business-news
China's seven day repo rate hit a record high of 12% according to Bloomberg , the biggest one-day increase since 2006...The liquidity squeeze in China first began ahead of the Dragon Boat festival earlier this month. Spikes in interbank rates...
Google HR Boss Explains Why GPA And Most Interviews Are Useless
Source: BusinessInsider
San Francisco :: CA :: USA | updated 2013-06-19 20:33:03 -0700 | business-news
And that obsession carries through to hiring and management, where every decision and practice is endlessly studied and analyzed. Google doesn't even ask for GPA or test scores from candidates anymore, unless someone's a year or two out of school,...
As federal agencies trim fat, contracts feed billions in profits to 59 companies
Source: The Washington Times
London :: United Kingdom | updated 2013-06-19 20:02:17 -0700 | business-news
As lawmakers take up austerity measures and the Defense Department and other agencies grapple with difficult budget choices, some contracting companies that derive their income entirely from the federal government have grown increasingly fat. Last year, 59 major publicly traded...
DealBook: In Wake of Pay-to-Play Scandal, Riverstone Raises Its Largest Fund
Source: The New York Times
New York City :: NY :: USA | updated 2013-06-19 19:48:52 -0700 | business-news
Chester Higgins Jr./The New York Times Andrew Cuomo, when he was attorney general of New York in 2009, reached a $30 million settlement with Riverstone Holdings. Four years ago this month, the private equity firm Riverstone Holdings agreed to pay...
F.T.C. Is Said to Plan Inquiry of Frivolous Patent Lawsuits
Source: The New York Times
Toronto :: Canada | updated 2013-06-19 19:48:45 -0700 | business-news
The chairwoman of the Federal Trade Commission is expected on Thursday to recommend a sweeping investigation of patent trolls, companies that buy large portfolios of technology patents and use them to sue software designers and makers of products like smartphones...
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