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Etsy crafts a $267 million IPO

Written By limadu on Kamis, 16 April 2015 | 10.20

Etsy is now the largest certified socially-responsible company, or B Corporation, to go public in the U.S. It will begin trading Thursday on the Nasdaq under the ticker symbol "ETSY." The online marketplace is a place for people to buy and sell crafts...
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GM shielded from ignition lawsuits by bankruptcy rule

The decision by Federal Bankruptcy Court Judge Robert Gerber upholds GM's so-called bankruptcy shield. GM acquired the shield as part of its bankruptcy reorganization when a new company was created in 2009, referred to in court as "New GM." "Judge...
10.20 | 0 komentar | Read More

Bubble trouble: China's stock market looks too hot

Chinese equities are officially on fire. The Shanghai Composite has skyrocketed 78% since just before Halloween. It recently crested the 4,000 level for the first time since the financial crisis. Yet stocks in China have achieved red-hot status...
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The surprising backstory of Tinder for pot smokers

Written By limadu on Rabu, 15 April 2015 | 10.20

That's what co-founder Todd Mitchem hopes to create with High There -- "a social connection app for cannabis consumers." Users can look for dates or simply other like-minded people. But for those used to dating apps like Tinder or OkCupid, the questions...
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How Grumpy Cat makes her millions

Grumpy Cat is part of an elite group of furry animals around the globe who have shot to Internet fame in recent years. These fuzzy creatures sign book and movie deals, do photo shoots, and act as "spokesanimals" for ad campaigns -- netting piles...
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China's economic growth drops to slowest pace since 2009

Gross domestic product expanded by 7% in the first three months of 2015, compared to the same period last year, according to China's National Bureau of Statistics. While that matches the expectations of economists surveyed by CNNMoney, it is quite...
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Hillary channels Elizabeth Warren in campaign bid

Written By limadu on Selasa, 14 April 2015 | 10.20

In her video campaign announcement Sunday, Hillary Clinton unveiled what's expected to be the central theme of her presidential bid: Serving as a champion for "Everyday Americans." "Americans have fought their way back from tough economic times, but...
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Will.i.am is selling sheets made from old Coke bottles

Will.i.am is partnering with Coke and W Hotels on a line of bed sheets partially made from old plastic bottles. It's not that he's fallen on hard times in the music biz, it's more that he's into recycling. So the Black Eyed Peas frontman has partnered...
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High-skilled visa applications hit record high

These locations saw the most H-1B visa recipients in 2013, the only year for which data is currently available. But it's getting tougher to "win" a work visa each year. This year, 233,000 foreigners applied for the H-1B, the most common visa...
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Donald Trump: I don't want T-Mobile in my hotels

Written By limadu on Senin, 13 April 2015 | 10.20

The Donald and the CEO of T-Mobile (TMUS) became embroiled in an epic Twitter battle this weekend, in which Trump said he wanted T-Mobile out of his establishments. "T-Mobile service is terrible! Why can't you do something to improve it for your...
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The 'Hillary beat': Who's covering Clinton

The New York Times was particularly early out of the gate. The paper shifted reporter Amy Chozick to its politics team to cover Clinton in the summer of 2013 -- 649 days before Clinton's announcement on Sunday. By the end of that year, BuzzFeed put...
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China is poised to report worst growth since the financial crisis

Gross domestic product is forecast to have expanded by 7.0% in the first quarter of 2015, compared to the same period last year, according to the survey's median estimate. That's quite a drop from the final quarter of 2014, when economic growth...
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HBO still hasn't heard from Scientology lawyers for 'Going Clear'

Written By limadu on Minggu, 12 April 2015 | 10.20

"Facts are stubborn things," HBO CEO Richard Plepler said in an interview with CNNMoney this week. "Everybody's entitled to their own opinion, but they're not entitled to their own facts," he added. "I think the documentary bears up very well to any...
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The Obamas paid $93,362 in federal income taxes

President Obama and First Lady Michelle Obama reported about the same amount of income in 2014 as they did in 2013. President Obama and First Lady Michelle Obama reported $495,964 in gross income last year, according to their 2014 tax returns released...
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Hillary Clinton's economic plans need an overhaul

Clinton is expected to begin her presidential campaign this weekend, yet she's stayed mum on the economy -- something she hammered on during the 2008 campaign. "She's a blank check at this point," says Dean Baker, co-director for the Center for...
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BuzzFeed reposts deleted Dove article

Written By limadu on Sabtu, 11 April 2015 | 10.20

BuzzFeed reposted a story about Dove soap after questions arose over why it had been deleted. "I blew it," Editor-in-Chief Ben Smith wrote in a memo that he tweeted Friday. "Twice in the last couple of months, I've asked editors -- over their better...
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HBO still hasn't heard from Scientology lawyers for 'Going Clear'

"Facts are stubborn things," HBO CEO Richard Plepler said in an interview with CNNMoney this week. "Everybody's entitled to their own opinion, but they're not entitled to their own facts," he added. "I think the documentary bears up very well to any...
10.20 | 0 komentar | Read More

The Obamas paid $93,362 in federal income taxes

President Obama and First Lady Michelle Obama reported about the same amount of income in 2014 as they did in 2013. President Obama and First Lady Michelle Obama reported $495,964 in gross income last year, according to their 2014 tax returns released...
10.20 | 0 komentar | Read More

Norah O'Donnell seen as Bob Schieffer's possible successor

Written By limadu on Jumat, 10 April 2015 | 10.20

CBS is not commenting. That's partly because no concrete decision about Schieffer's successor has been made, according to people with direct knowledge of the process. But speculation immediately centered around Norah O'Donnell, Schieffer's primary...
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Cosmopolitan magazine secures first Chelsea Manning interview

Chelsea Manning seen in a photo she sent to a military supervisor in 2010. The article marks the first time Manning has spoken "as an army private who leaked classified documents, went to military prison, and sued for the right to transition into...
10.20 | 0 komentar | Read More

Google doesn't care where you went to college

Not really, according to Laszlo Bock, Google's Head of People Operations. When the company was small, Google cared a lot about getting kids from Harvard, Stanford, and MIT. But Bock said it was the "wrong" hiring strategy. Experience has taught him...
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Zynga founder Mark Pincus is back as CEO

Written By limadu on Kamis, 09 April 2015 | 10.20

Zynga (ZNGA), maker of games like Words with Friends and FarmVille, announced the leadership change, effective immediately, on Wednesday. Pincus replaces Don Mattrick, a former Microsoft and Electronic Arts executive, who was brought on a little...
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Forget GDP. These nations are doing better than the U.S.

The U.S. ranks 16th in the Social Progress Index, which is based on dozens of criteria measuring well-being, opportunities and basic human needs. The ranking, released on Wednesday, puts Norway on top, followed by Sweden and Switzerland. It was...
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Legendary CBS anchor Bob Schieffer to retire this summer

Schieffer, 78, has been with CBS News for 46 years, and has moderated the network's Sunday morning public affairs talk show for the past 24 years. In addition to his role at "Face the Nation," Schieffer is also the chief Washington correspondent...
10.20 | 0 komentar | Read More

Psychiatrist wants patients to see his name in the New York Times

Written By limadu on Rabu, 08 April 2015 | 10.20

Is this narcissistic? "Please print this letter so that when my patients Google me they will see that their psychiatrist and psychoanalyst has been published in The New York Times," wrote Levin, who lives in the Philadelphia area and has had a...
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What Rand Paul's flat tax plan would look like

He also wants to simplify the tax code, eliminate the estate and gift taxes and wipe out investment taxes too. And he wants to do it by way of a "flat tax." "As President, I would promote a Fair and Flat Tax plan, known as the 'EZ Tax.' My tax plan...
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China's taxman is coming for Alibaba

Two of the company's "lock up" agreements have now expired, releasing an additional 437 million shares for trading. Another 1.6 billion shares -- owned by co-founders Jack Ma and Joe Tsai and investors Yahoo and Softbank -- will be eligible to hit...
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Phone wars: Samsung earnings show signs of life

Written By limadu on Selasa, 07 April 2015 | 10.20

Samsung said Tuesday that it anticipates an operating profit of 5.9 trillion won ($5.4 billion) for January to March -- a 31% decline from the previous year, but the strongest number in three quarters. First quarter sales are also expected to be lower,...
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Indian companies in mad rush to find women board members

Hundreds of Indian companies have failed to comply. At other firms, management have appointed daughters, wives and other close family members to the board -- a move that complies with the letter of the new regulation, but not the spirit. Out of the...
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China declares war on 'forbidden game' of golf

On March 30, Chinese authorities announced the closure of 66 "illegal" golf courses -- roughly 10% of all courses in the country -- in an apparent attempt to start enforcing a long-ignored ban on golf-related construction. The following day, the...
10.20 | 0 komentar | Read More

Three fatal failures in Rolling Stone's UVA rape story

Written By limadu on Senin, 06 April 2015 | 10.20

In its three-month review, Columbia Journalism School identified multiple instances where Rolling Stone's Sabrina Rubin Erdely and her editors could have avoided the calamities that ultimately forced the magazine to retract "A Rape on Campus," a story...
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