News

The Fed Can Still Control Inflation. But Why Are We Worried About It Anyway?

Forbes - 16 min 9 sec ago
For a while now I've been thinking of writing about the Fed's ideas for monetary policy transmission while excess reserves remain in the banking system. I've been sidetracked by lots of interesting commercial banking stories. But two recent posts drew my attention.
Categories: News

Exclusive: Microsoft CEO Nadella to visit China amid antitrust probe - source

Reuters - 27 min 15 sec ago
BEIJING (Reuters) - Microsoft Corp Chief Executive Officer Satya Nadella is set to visit China in late September, a source familiar with the matter said on Thursday, as the Chinese government conducts an antitrust investigation into the world's largest software company.
Categories: News

First Take: New clues to Alibaba's value

USA Today - 28 min 29 sec ago

Results for financial quarter ended in June show sales surging, profit margins expanding.

       
Categories: News

Asia shares up on steady Wall St., euro clings to slim gains

Reuters - 34 min 41 sec ago
TOKYO (Reuters) - Asian stocks crept up early on Thursday following another steady performance by Wall Street shares which hovered near record highs, while the euro clung to modest gains after rebounding from 13-month lows.
Categories: News

Tyson wins U.S. Justice Dept antitrust nod for Hillshire deal

Reuters - 36 min 51 sec ago
WASHINGTON (Reuters) - Tyson Foods Inc , the largest U.S. meat processor, on Wednesday won U.S. antitrust approval for its $8.5 billion purchase of Hillshire Brands Co .
Categories: News

Exclusive: GM plans to move some Chevy Equinox assembly to Mexico -source

Reuters - 42 min 54 sec ago
DETROIT (Reuters) - General Motors Co and the United Auto Workers on Wednesday trumpeted the news that production of the Cadillac SRX would be shifted from Mexico to Tennessee, but Reuters has learned that GM also plans to move some other assembly work in the opposite direction.
Categories: News

Knee Defenders Don't Fly With Canada's Major Airlines (POLL)

huffingtonpost.ca - 53 min 26 sec ago
Knee Defenders may be all the rage after a brouhaha on United Airlines, but passengers on Canada's major carriers will just have to live and let people lean back.

The devices, which prevent passengers from reclining their seats, are not permitted by either WestJet or Air Canada.

Knee Defenders work by clamping on to tray tables and stopping seats from stretching out.

WestJet lists the devices among items that cannot be attached to seats, alongside booster seats and belt extensions.

Air Canada also doesn't allow them, a company spokesperson told CTV News.

But the device, which is listed at $21.95 on its website, is not banned by either Transport Canada or the Federal Aviation Administration, as both authorities leave it up to airlines to regulate themselves.

The United Airlines incident took place during a flight from Newark to Denver on Sunday.

A male passenger seated in Economy Plus, which has more leg room than in coach, used a Knee Defender and refused to remove it when asked by a flight attendant (the airline doesn't permit them).

The woman sitting in front then threw a cup of water at him. Both passengers were later kicked off the plane during an unscheduled landing at Chicago's O'Hare International Airport.

Ira Goldman, the inventor of the Knee Defender, told USA Today the device, despite its purpose, still encourages people to accommodate the needs of other passengers.

"... the Knee Defender says right on it: 'Be courteous. Do not hog space. Listen to the flight crew.' Apparently that is not what happened here," said Goldman about the incident.

CNN reports coverage of the story has boosted sales of the Knee Defender but it also sparked a debate on whether the device should be permitted at all.

"It's tailor-made for bullies," claimed a Chicago Sun-Times editorial. "Best we can tell, the most obvious purpose of a Knee Defender ... is to make it possible for one passenger to impose his will on another."



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Categories: News

Alibaba revenue soars ahead of IPO

Reuters - 55 min 40 sec ago
(Reuters) - Alibaba Group Holding Ltd's [IPO-BABA.N] revenue accelerated in the second quarter on strong gains in its mobile business, providing investors with what may be the final glimpse of the Chinese e-commerce company's financials before its expected landmark market debut.
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Will the Prez Call Out…The Oracle?

Fox Business - 56 min 26 sec ago
If you’re waiting for President Obama to pull a Walgreen on Burger King, you’re probably one pickle short of a whopper. 
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Qantas Posts Record A$2.84 Billion Loss

The Wall Street Journal - 1 hour 4 min ago
Qantas Airways booked a 2.84 billion Australian dollar annual loss (US$2.65 billion) after writing down the value of its international aircraft fleet.
Categories: News

Panel sides with Nebraska gas company in lawsuit over compensation for Kansas condemnation

Fox Business - 1 hour 4 min ago
A court-appointed panel of petroleum engineering experts has mostly sided with Omaha-based Northern Natural Gas on what the company should pay for condemning more than 9,200 acres in southern Kansas near its underground storage facility.
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Food Producers to Offer Data on Chemical Additives

The Wall Street Journal - 1 hour 7 min ago
Big food producers are moving to try to head off criticism of how they use additives, with a main industry group saying it plans to give more information to regulators about how companies determine the safety of the thousands of chemicals and other ingredients in processed foods.
Categories: News

Diane Sawyer signs off as ABC's 'World News' anchor, is moving to a reporting job

Fox Business - 1 hour 13 min ago
Diane Sawyer has signed off as anchor of ABC's "World News," telling viewers that it has been wonderful to be the "home port" of the network's news team each weeknight.
Categories: News

Judge Denies Apple Request for Injunction Against Samsung

The Wall Street Journal - 1 hour 18 min ago
A federal judge denied a request from Apple to bar Samsung from selling smartphones and tablets in the U.S. that infringe on Apple patents.
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Nike's Tennis Match: Roger Federer and Michael Jordan

The Wall Street Journal - 1 hour 19 min ago
Nike arranged for former Chicago Bulls star Jordan to attend Tuesday's match as part of a promotion for Federer's new line of shoes.
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Reports: FBI probing JPMorgan hack attack

USA Today - 1 hour 24 min ago

Press reports citing unnamed sources say the FBI is investigating a hacking attack on the bank.

       
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Tough Lesson for Textbook Publishers

The Wall Street Journal - 1 hour 32 min ago
Debt-weary college and grad students are opting for cheaper or even free textbook versions, forcing major publishers to revamp their business models.
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Mallzee Updates Smartphone Fashion Store With Accessories And Dedicated Menswear Lines

Forbes - 1 hour 32 min ago
Scottish based start-up Mallzee continues in its mission to bring personalised shopping to smartphone users with a new version of the shopping and styling app.
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Geeky Clothes To Wear At The Office

Forbes - 1 hour 32 min ago
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