Sreeni Meka
Explore the unknown
Home
WallSt News
Earnings News
Top Stories
CNBC News
Business News
International
Recent Articles
State of Economy
CFA ® Level 1
CFA ® Level 2
CFA ® Level 3
Market Wizards
Market Scanner
Offbeat
Great Books
Media Directory
Blog
Contact Us
Seeking Alpha Certified
Financial News
Business News Headlines - Yahoo! News
Europe rebounds as Ukraine rebels hand over black boxes
Tue, 22 Jul 2014 04:42:13 -0400 -

Traders are pictured at their desks in front of the DAX board at the Frankfurt stock exchangeBy Marc Jones LONDON (Reuters) - European markets rode a global rebound in risk appetite on Tuesday helped by the first signs of cooperation from Ukraine's pro-Russian separatists over the downed Malaysian Airlines plane. It helped settle the recent market nerves, lifting shares both in Europe and Asia and pushing back many safe-haven assets like the yen, gold and government bonds that have been in demand over the last week. Europe's FTSEurofirst 300 index was up 0.7 percent as the main bourses in London , Frankfurt and Paris all climbed, while dollar-traded Russian stocks in Moscow saw their first rise in almost two weeks. The rebound in risk was also aided by more solid U.S. company earnings and merger activity in the previous session, though analysts remained wary about Ukraine and Russia given the delicate situation.


China food scandal spreads, drags in Starbucks, Burger King and McNuggets in Japan
Tue, 22 Jul 2014 03:10:25 -0400 - By Adam Jourdan SHANGHAI (Reuters) - The latest food scandal in China is spreading fast, dragging in U.S. coffee chain Starbucks, Burger King Worldwide Inc and others, as well as McDonald's products as far away as Japan. McDonald's Corp and KFC's parent Yum Brands Inc apologized to Chinese customers on Monday after it emerged that Shanghai Husi Food Co Ltd, a unit of U.S.-based OSI Group LLC, had supplied expired meat to the two chains. On Tuesday, Starbucks said some of its cafes previously sold products containing chicken originally sourced from Shanghai Husi, a firm that was shut down on Sunday by local regulators after a TV report showed staff using expired meat and picking up meat from the floor to add to the mix.
Fund managers unconvinced by Apple rebound
Tue, 22 Jul 2014 05:45:59 -0400 -

The leaf on the Apple symbol is tinted green at the Apple flagship store on 5th Ave in New YorkBy David Randall and Edwin Chan NEW YORK/SAN FRANCISCO (Reuters) - Apple, once a can't-miss stock, is finding it tough to persuade portfolio managers to come back into the fold. Yet the company remains one of the most significantly underweighted stocks among large cap fund managers, according to a Goldman Sachs report. Part of the reason for a lack of portfolio manager enthusiasm is that Apple Inc no longer seems to be the hot growth company of old, fund managers say. Apple reports results for its fiscal third quarter on Tuesday, July 22.


Obama, Biden highlight job-training in middle-class push
Tue, 22 Jul 2014 06:04:15 -0400 -

U.S. President Obama speaks about immigration reform from the Rose Garden of the White House in WashingtonPresident Barack Obama and Vice President Joe Biden will put a spotlight on job-training programs on Tuesday as part of a White House push to boost economic opportunities for middle-class Americans, an important voting group in November elections. Obama will sign the "Workforce Innovation and Opportunity Act," which the White House said would help "improve business engagement and accountability across federally funded training programs." Biden, who is a potential 2016 presidential candidate, will unveil a new report that will show the results of a study about how to make federal training programs more successful and better tailored to employers' needs. The administration plans to work with elected officials and leaders in businesses, unions, and academia to replicate training strategies that work well, the White House said. Obama made fighting for the middle class the top theme of his successful 2012 re-election campaign.


Netflix profit doubles on U.S., foreign subscriber growth
Mon, 21 Jul 2014 19:57:03 -0400 -

Cast members Laura Prepon and Taylor Schilling attend the season two premiere of "Orange is the New Black" in New YorkNetflix Inc said on Monday its quarterly profit more than doubled, boosted by strong growth in U.S. and international subscribers as a price increase for its most popular U.S. video streaming plan did not deter new users. Netflix added 570,000 U.S. customers in the second fiscal quarter ended June 30, passing 50 million worldwide subscribers for the first time. The company suffered a consumer exodus and stock plunge after it announced an unpopular price increase in July 2011. Netflix executives also said they were contemplating an eventual move into China, the world's most populous country.


Airbus conducts rejected take-off test on new A350
Tue, 22 Jul 2014 06:46:22 -0400 -

The Airbus Industrie A350 aircraft performs a manoeuvre above the A380 tail fin during its display at the 2014 Farnborough International Airshow in FarnboroughPARIS (Reuters) - Airbus has carried out a high-speed rejected take-off test for its new A350 airliner, the planemaker said on Tuesday. The test is a key step towards European safety certification which industry sources expect in late August or early September. Airbus plans to deliver its first carbon-composite jetliner to Qatar Airways by the end of the year. The braking trial is one of the costliest tests in the certification process and involves directing maximum energy to a set of worn-out brakes, causing an orange glow and smoke as the brakes reach a temperature of 1,400 degrees Celsius. ...


Argentina asks U.S. judge to put debt payment order on hold
Mon, 21 Jul 2014 18:41:41 -0400 -

The Economy Ministry building is seen in Buenos AiresBy Nate Raymond NEW YORK (Reuters) - Argentina asked a U.S. judge on Monday to put on hold an order requiring it to pay bondholders who did not participate in debt restructurings following the country's 2002 default, while it seeks a "global resolution." Ahead of a July 30 deadline to reach a deal or face a new default, Argentina filed papers asking a New York federal judge to stay a ruling that it pay the holdout investors $1.33 billion plus interest. Argentina, which has been in settlement talks, said any deal must take into account other bondholders and factor in a clause in its restructured bonds that could open it up to further liability. "As those risks remain, so does the necessity and appropriateness of a stay," Argentina's lawyers wrote. The request is not the first time Argentina has asked for a stay, which U.S. District Judge Thomas Griesa has previously denied.


Apple asks suppliers to produce up to 80 million large-screen iPhones: WSJ
Tue, 22 Jul 2014 05:37:40 -0400 -

A worker wipes a poster advertisement for Apple's iPhone 5C on a wall of Japan's biggest mobile phone operator NTT Docomo Inc shop before its launch ceremony for the start of the selling of Apple's iPhone 5S and 5C at its shop in Tokyo(Reuters) - Apple Inc has asked suppliers to manufacture between 70 million and 80 million of its two forthcoming large-screen iPhones by the end of the year, its largest initial production run of iPhones, the Wall Street Journal reported, citing people familiar with the matter. Its forecast for the iPhones with 4.7-inch (11.9-cm) and 5.5-inch (14-cm) displays is much larger than the initial order last year of between 50 million and 60 million for iPhone 5S and 5C models, the people told the Journal. Foxconn and Pegatron Corp plan to start mass producing the 4.7-inch iPhone model next month, and Hon Hai Precision Industry Co Ltd, whose parent is Foxconn, will begin making the 5.5-inch version exclusively in September, the people said.


Credit Suisse posts big loss after U.S. tax settlement
Tue, 22 Jul 2014 07:00:11 -0400 -

A worker uses a cordless screwdriver to fix the logo of Swiss bank Credit Suisse at a branch office in ZurichCredit Suisse Group AG reported its biggest quarterly loss since the peak of the financial crisis in 2008, the result of a 1.6 billion Swiss franc ($1.78 billion) settlement with U.S. authorities over helping its clients evade taxes. The Swiss bank also said it would quit commodities trading, reversing a statement of just two months ago, as it continues to overhaul its investment bank to get back to double-digit capital returns from its remaining activities. Credit Suisse's fixed income unit outshone both its wealthy client unit and its U.S. rivals with a 4 percent rise in sales and trading. Credit Suisse said the investment bank cuts would allow resources and funds to be reassigned to its private bank, which disappointed investors with a 39 percent drop in revenue and swung to a loss due to the fine.


Asian shares tentative on lingering geopolitical tensions
Mon, 21 Jul 2014 21:20:31 -0400 -

Pedestrians walk past at an electronic board outside a brokerage in TokyoMalaysia has reached an agreement with the leader of the separatist group to retrieve the bodies of the victims from last week's downing of a Malaysia Airlines passenger jet as well as the plane's two black boxes, Malaysian Prime Minister Najib Razak said on Tuesday. Meanwhile, in the Gaza Strip, the Palestinian death toll jumped to more than 500 and Israeli losses mounted as well, as the United States stepped up efforts to secure a ceasefire.


Detroit retirees back pension cuts by a landslide
Tue, 22 Jul 2014 03:56:17 -0400 -

FILE - In a Thursday, July 3, 2014 file photo, Detroit retirees Mike Shane, left, and William Davis protest near the federal courthouse in Detroit. Workers and retirees approved pension cuts in Detroit's bankruptcy by a landslide, the city reported Monday, a crucial step to emerging from the largest municipal insolvency in U.S. history. The city disclosed results from two months of balloting, which ended July 11. Judge Steven Rhodes still must hold a trial in August to determine if Detroit's overall bankruptcy plan is fair and feasible to all creditors, from Wall Street to Main Street, but support from retirees is vital. (AP Photo/Paul Sancya, File)DETROIT (AP) — A year after filing for bankruptcy, Detroit is building momentum to get out, especially after workers and retirees voted in favor of major pension changes just a few weeks before a judge holds a crucial trial that could end the largest public filing in U.S. history.


DuPont 2Q profit climbs 3.9 percent
Tue, 22 Jul 2014 06:40:28 -0400 - WILMINGTON, Del. (AP) — DuPont Co. (DD) on Tuesday reported net income that climbed by 3.9 percent in its second quarter. The results matched analysts' expectations.
World stocks rise as Ukraine plane tensions ease
Tue, 22 Jul 2014 04:05:59 -0400 -

People walk past an electronic stock indicator in Tokyo, Tuesday, July 22, 2014. Asian shares rose Tuesday as tensions over the downing of a passenger jet in Ukraine eased after pro-Moscow separatists released a train packed with bodies and handed over the aircraft's black boxes. Japan's Nikkei 225 stock index added 0.8 percent to 15,343.28 as trading resumed after Monday's public holiday. (AP Photo/Shizuo Kambayashi)TOKYO (AP) — World stock markets rose Tuesday as tensions over the downing of a passenger jet in Ukraine eased after pro-Moscow separatists released a train packed with bodies and handed over the aircraft's black boxes.


Credit Suisse in steep loss after US tax case
Tue, 22 Jul 2014 05:51:41 -0400 - GENEVA (AP) — Credit Suisse, Switzerland's second-biggest bank, posted a second-quarter net loss of 700 million Swiss francs ($779 million) Tuesday after paying the largest penalty ever imposed in a U.S. criminal tax case.
Allergan to cut 1,500 employees in restructuring
Mon, 21 Jul 2014 17:14:16 -0400 - Botox maker Allergan will cut about 13 percent of its workforce as part of a push to become more efficient while it fights a hostile takeover bid from Valeant Pharmaceuticals.
US job-training review emphasizes data, employers
Tue, 22 Jul 2014 06:01:21 -0400 - WASHINGTON (AP) — A six-month review of federal job-training programs concludes that the government needs to better engage U.S. employers, improve the use of data, and boost apprenticeship programs so workers can earn while they train.
Star Wars Car, a Doomsday doll: Toys of Comic-Con
Mon, 21 Jul 2014 15:08:52 -0400 -

This photo provided by courtesy of Mattel, Inc. shows the "Hot Wheels Life-Sized Darth Vader Car." When it comes to designing the highly coveted collectible toys for sale at Comic-Con, the annual celebration of pop culture lifting off Thursday, July 24, 2014, in San Diego, the sky's the limit for the designers at Mattel. Fittingly, the building where Mattel's dreamers conceive of their limited-edition playthings is just down the street from the Los Angeles International Airport. (AP Photo/Mattel, Inc., Jeffrey Moustache)LOS ANGELES (AP) — When it comes to designing coveted collectible toys for sale at Comic-Con, the annual celebration of pop culture lifting off Thursday in San Diego, the sky's the limit for the designers at Mattel. Fittingly, the building where Mattel's dreamers conceive of their limited-edition playthings is just down the street from the Los Angeles International Airport.


Netflix tops 50M subscribers as 2Q earnings soar
Mon, 21 Jul 2014 18:41:51 -0400 -

FILE - This image released by Netflix shows Taylor Schilling, left, and Uzo Aduba in a scene from "Orange Is the New Black." Netflix reports quarterly earnings on Monday, July 21, 2014. (AP Photo/Netflix, Paul Schiraldi, File)SAN FRANCISCO (AP) — Netflix's second-quarter earnings more than doubled as new episodes from a hit series helped the Internet video service surpass 50 million worldwide subscribers for the first time.


Rebels release train with bodies from downed jet
Mon, 21 Jul 2014 22:29:27 -0400 -

A Malaysian investigator takes a black box from Malaysia Airlines Flight 17 as it is handed over from Donetsk People's Republic officials to Malaysian representatives in the city of Donetsk, eastern Ukraine Tuesday, July 22, 2014. Bowing to international pressure Monday, pro-Moscow separatists released a train packed with bodies and handed over the black boxes from the downed Malaysia Airlines plane, four days after it plunged into rebel-held eastern Ukraine. (AP Photo/Dmitry Lovetsky)HRABOVE, Ukraine (AP) — Bowing to international pressure, pro-Moscow separatists released a train packed with bodies and handed over the black boxes from the downed Malaysia Airlines plane, four days after it plunged into rebel-held eastern Ukraine.


JetBlue pilot among 6 arrested in Boston drug bust
Mon, 21 Jul 2014 20:38:27 -0400 -

Jet Blue pilot John Manwaring stands as he is arraigned in Boston Municipal Court on a heroin possession charge Monday, July 21, 2014, in Boston. Manwaring, who listed his home as Maitland, Fla., was among six people arrested Sunday during an investigation into drug dealing near the Boston Common, Boston police said. (AP Photo/The Boston Globe, Aram Boghosian, Pool)A JetBlue pilot from Florida is among six people arrested by Boston police over the weekend in an investigation of drug dealing incidents near the Boston Common.


Grow Your Business by Protecting Your Life With Guardrails
Thu, 17 Jul 2014 18:51:57 -0400 -

Grow Your Business by Protecting Your Life With GuardrailsIf you want a successful business, you almost always have to go through this intense startup period. When the business gains success and momentum, far too many business owners fail to recognize they can and should shift the intensity and begin to put up some simple guardrails.


SEC Targeting 10 Firms In High-Speed Trading Investigation
Thu, 17 Jul 2014 17:57:57 -0400 -

SEC Targeting 10 Firms In High-Speed Trading Investigation(Refiles to correct spelling of Allston in fourth paragraph) By John McCrank NEW YORK, July 17 (Reuters) - The U.S. Securities and Exchange Commission has been seeking information on 10 registered broker dealers as part of an ongoing investigation into high-frequency trading strategies, according to an internal SEC document reviewed by Reuters. The regulator told its staff in late March that it was interested in seeing any tips, complaints, or referrals that they receive concerning the brokers and high frequency trading. ...


Should Your Business Become a B Corporation?
Thu, 17 Jul 2014 15:16:22 -0400 -

Should Your Business Become a B Corporation?A "Benefit Corporation" (B Corp) is a company that engages in socially beneficial practices and considers how their business decisions will impact their employees, suppliers, community, consumers and the environment. I believe a company doesn't have to be exclusively a nonprofit or a for-profit and a B Corp is the perfect hybrid of the two--a company structured to make a profit while also providing social benefits.


Just Pick Up the F*#@ing Phone
Thu, 17 Jul 2014 15:05:45 -0400 -

Just Pick Up the F*#@ing PhoneLike most people, I send dozens of emails a day. Pretty much anything that I work on can be dealt with using email. But is that always the right choice?


Women in Business Q&A: Jess Lee, CEO and Co-Founder of Polyvore
Thu, 17 Jul 2014 14:59:42 -0400 - Jess Lee is Polyvore's CEO. Prior to co-founding Polyvore, Jess was a product manager at Google, where she worked on Google Maps and launched features like My Maps and draggable driving directions. After four years at Google, Jess became hopelessly addicted to making Polyvore sets and decided the only cure was to join the Polyvore team to help build the company. Jess has a degree in computer science from Stanford University. How has your life experience made you the leader you are today? When I was growing up, my mom ran her own small business out of our apartment. Because
SEO Questions Franchise Owners Need to Ask
Thu, 17 Jul 2014 14:54:38 -0400 -

SEO Questions Franchise Owners Need to AskAsking these questions doesn't always come to mind right away, but these are crucial if you own a franchise. Franchises are constantly growing and by nature have a lot of people working higher positions, so the managers working with you are constantly changing.


Startups: Switzerland's New Graduate Program
Thu, 17 Jul 2014 14:17:46 -0400 - By Eva Perrett, Masters Student at Graduate Institute in Geneva Swiss students have dispersed the summer holidays. Among those graduating and entering the job market, a new trend is emerging. More and more young people are founding startups. Idyllically situated with views of Zurich, the Villa Rigi, a former manor house, has bright rooms and a garden that now serve a new purpose: as a headquarters for Swiss startups. Five startups are based here, among them ElectricFeel, a technology spin-off from the university ETH Zürich, with a focus on urban mobility. ...
For Women in Computer Science, Tech Is a Golden Opportunity
Thu, 17 Jul 2014 13:13:35 -0400 -

For Women in Computer Science, Tech Is a Golden OpportunityGoogle recently released report acknowledging the lack of diversity in their workforce kicked up a storm. The company says, most of its workforce is white (61%) and male (70%). Worse, a mere 17% of Google's tech workforce is women. By and large, this is not Google's fault.


Someone Left A Loaded Gun In A Walmart Bathroom
Thu, 17 Jul 2014 13:13:26 -0400 -

Someone Left A Loaded Gun In A Walmart BathroomWalmart could be the next battleground in the fight over gun rights in retail chains after a loaded revolver was found in the bathroom of a South Carolina store. On the afternoon of Saturday, July 12, a man with a concealed carry permit left his gray Smith & Wesson revolver, loaded with five live .38 caliber rounds, atop the toilet paper dispenser in a stall of the rear men's bathroom of a York, South Carolina Walmart, according to a police report.


The Nature of Work
Thu, 17 Jul 2014 13:05:54 -0400 -

The Nature of WorkBut we can't blame our problems with work on work itself because "work" as an entity doesn't exist. It has no consciousness. Work is what we do and it is so much a part of what we are.


Passion
Thu, 17 Jul 2014 12:55:24 -0400 -

PassionIf you're thinking of starting a restaurant, you need to sit down and ask yourself: "Do I really have what it takes to succeed? Do I love food and making money enough to make these things my life?"


Young Professionals: Six Keys to Building Your Career
Thu, 17 Jul 2014 12:42:14 -0400 - This week two new studies (one by The Economist and one by Quantum Workplace) highlight how rapidly young professionals' view of their careers have changed. While startups continue to be exciting and people desperately want to work for pre-IPO companies, research shows that most Millennials (under the age of 30) are starting to really mature in their career thinking. Here is some data: Young People are Getting more Serious: The days of young people smoking marijuana, hanging around on the street in cities like Berlin, or kids in the UK engaging in binge drinking are slowly coming to an
Subway Worker Claims She Was Forced To Work While Vomiting
Thu, 17 Jul 2014 12:21:52 -0400 -

Subway Worker Claims She Was Forced To Work While VomitingA Subway worker in Freeport, Texas, claims she was forced to continue working her shift while suffering from a stomach bug, then was fired the same day. Elizabeth Taff, 24, says she was so sick she could barely stand up straight and vomited several times during her shift on July 11, but her manager refused to let her leave unless she found someone to cover her shift.


To All Corporations: This Is What People Mean When They Talk About Fairness
Thu, 17 Jul 2014 12:13:39 -0400 -

To All Corporations: This Is What People Mean When They Talk About FairnessAs people, we've become accustomed to asking questions publicly, digging deeper and going past the advertising noise that bombards our senses every single waking minute.


Google and the German Angst
Thu, 17 Jul 2014 11:57:51 -0400 -

Google and the German AngstThe other day the German minister of justice, Heiko Maas, was asked in an interview how often he is using Google to crawl the Internet. His answer: "Everyday and in an exorbitant manner. Therefore, unfortunately, I am part of the problem."


Fashion and the Market for Curated Identities
Thu, 17 Jul 2014 11:04:51 -0400 -

Culture: Let It Shine in the Tough TimesThe concept of a curated identity is nothing new, but increased connectivity and consumer conscience has certainly paved the way for what is now a burgeoning market, that ultimately serves to give us more choice, control and flexibility when it comes to what we wear.


The DeWolfe Effect
Thu, 17 Jul 2014 10:58:47 -0400 -

Culture: Let It Shine in the Tough TimesHave you ever laid awake at night thinking about that entrepreneur who has already forged the path that you are on? I often think of an entrepreneur who has already accomplished much of what I am setting out to do. He is a legend when it comes to real estate brands in New England. His name is Richard DeWolfe.


Culture: Let It Shine in the Tough Times
Thu, 17 Jul 2014 10:53:32 -0400 -

Culture: Let It Shine in the Tough TimesWhile we often can't anticipate such occurrences, we can plan for them and plan for the proactive communications and actions that need to happen to keep the organization on track.


Here Is The Salary At Which Money Won't Make You Any Happier In Each State
Thu, 17 Jul 2014 10:29:51 -0400 -

Here Is The Salary At Which Money Won't Make You Any Happier In Each StateMoney can only buy happiness up to a point. But just how much you need to get to that threshold really depends on where you live, according to a new analysis by Doug Short, vice president of research at investment group Advisor Perspectives. Short's analysis found that if you live in a place like Hawaii, where the cost of living is relatively high, you need to make $122,175 per year before some extra cash doesn't really translate into more happiness. In Mississippi, by comparison, the threshold at which more money stops making you happier is a lot lower: $65,850 per


Dodd-Frank at Four
Thu, 17 Jul 2014 10:21:35 -0400 -

Dodd-Frank at FourOn July 21, 2010, the Dodd-Frank Wall Street Reform and Consumer Protection Act became law. As with human 4-year-olds, the party parents throw may be a little duller than on the first birthday, but the toddler now appreciates the present in the box more than the box itself. Let's look at what's in the box.




Copyright © 2012 Sreeni Meka. All rights reserved.