Category: Business News

US Stocks Close Lower, Ending Dow’s 10-Day Rally

US Stocks Close Lower, Ending Dow’s 10-Day Rally

U.S. stocks fell Friday, ending the longest winning streak for the Dow Jones industrial average in nearly 17 years. The Dow Jones industrial average dropped 25.03 points, or 0.2 percent, to 14,514.11. The Standard...

Ex-JPMorgan Exec Says Dimon Withheld Data From U.S.

Ex-JPMorgan Exec Says Dimon Withheld Data From U.S.

JPMorgan Chase CEO Jamie Dimon held back showing federal regulators reports in May that revealed the bank had accumulated billions of dollars in trading losses, according to congressional testimony Friday from the firm’s former...

The Aussies Behind The Best Airline You’ve Never Flown

The Aussies Behind The Best Airline You’ve Never Flown

James Hogan, Etihad Airways’ president and chief executive officer holds a press conference in Abu Dhabi on February 4, 2013. The fast-growing carrier of Abu Dhabi posted a 200 percent rise in net profit...

Google Glass Will Be Incredible For The Courtroom

Google Glass Will Be Incredible For The Courtroom

ds Last week, I went to the preliminary hearing for Chris Bucchere, a software developer charged with felony vehicular manslaughter; on a workday morning in March 2012, Bucchere struck and killed a 71-year-old pedestrian,...

Carlyle Group Wants to Make You the Next Mitt Romney

Carlyle Group Wants to Make You the Next Mitt Romney

The normally secretive private equity industry spent 2012 in the spotlight thanks to Mitt Romney‘s ill-fated presidential run, and some of these firms appear to be capitalizing on all the free press they received — literally....

Reuters Journalist Charged With Helping Anonymous Hack Los Angeles Times

Reuters Journalist Charged With Helping Anonymous Hack Los Angeles Times

A well-known editor at news giant Reuters has been indicted by a federal grand jury on felony charges of conspiring with a notorious hacker group to deface the website of The Los Angeles Times...

How Sesame Street Counted All the Way to 1 Billion YouTube Views

How Sesame Street Counted All the Way to 1 Billion YouTube Views

As Carly Rae Jepsen’s infectious hit “Call Me Maybe” was tearing up the radio charts last summer, the makers of Sesame Street were trying to figure out how to put their own spin on...

Book: Wall Street’s Biggest (and Most Dangerous) Untruth

Book: Wall Street’s Biggest (and Most Dangerous) Untruth

Four and a half years after the passage of TARP, one thing is abundantly clear: The American public really, really hates bank bailouts. And yet, nearly three years after the passage of the Dodd-Frank...