Latest US Business News
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Spill a lot NeverWets ready to coat your gear
This superhydrophobic coating is truly stunning The NeverWet package contains two cans -- a base and top coat -- capable of covering 10 to 15 square feet with water-repelling action on a multitude of surfaces including metal, wood, fabric, and plastic. The base coat takes about 30 minutes to dry, and the top coat takes another 30 minutes to cure. Unfortunately, it's not wise to use ...
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Facebook weaves new network fabric
(Credit: Facebook) Facebook has a communication problem. The apps are talking the network but with limited context and bottlenecks inside its data centers. Now, the social network is planning to improve the communication with a new networking fabric to serve its 1.1 billion users. "Networking is built around ISP networks and protocols for interconnecting of ISP networks. It's not ...
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App lets you show a doctor your um rash down there
(Credit: Screenshot by Chris Matyszczyk/CNET) Sometimes my CNET handlers like to challenge me. Or perhaps they're sending me a discreet message. Today, for example, one of my knowing leash-pullers sent me details of an app he thought might interest me. I took one look and wondered what he might have meant, for this was not something I would ever Pinterest. You see, I now have set ...
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Stratasys acquires MakerBot in $403 million deal
(Credit: James Martin/CNET) MakerBot, one of the highest-profile desktop 3D printing companies, has been acquired by Stratasys, the ...
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UPDATE 1-General Motors leads J.D. Power initial quality survey
Wed Jun 19, 2013 5:03pm EDT * All GM brands perform above industry average * GM finishes ahead of Japanese rivals Toyota, Honda * Toyota, Honda remain highly ranked * Porsche finishes in top spot on survey By Bernie Woodall DETROIT, June 19 (Reuters) - General Motors Co. vehicles won eight awards in the annual J.D. Power & Associates survey of initial quality, a marked improvement since the ...
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Federal Reserve To Continue Bond-Buying Program
Federal Reserve policymakers say the economy is doing slightly better than it was last fall, but the Fed's $85 billion per month stimulus program will continue for the time being. Speaking at news conference in Washington, D.C., Chairman Ben Bernanke indicated the Fed might begin tapering the stimulus program later this year. The Fed repeated earlier statements that it would hold short-term ...
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Stocks slide as Fed says bond purchases could slow
NEW YORK -- Financial markets shuddered Wednesday after the Federal Reserve said it could start scaling back its huge bond-buying program later this year and end it by the middle of 2014.The Fed's $85 billion in monthly bond purchases have been a boon for the U.S. economy, keeping interest rates near historic lows and lifting the stock market more than 140 percent over the past four years. ...
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European markets mixed ahead of Federal Reserve policy announcement
European stock markets fluctuated on Wednesday moving cautiously higher, as investors remained wary ahead of the U.S. Federal Reserve’s decision, on fears it could signal a potential slowdown in the bank’s 85 billion monthly bond buying ...
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Asian stocks advance ahead of this week`s Federal Reserve meeting
Asian stocks advanced with the start of the week, ahead of the U.S. Federal Reserve two-day meeting that covenes on Tuesday. Market participants will focus on this meeting as it might show the direction of the central bank stimulus ...
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The Federal Reserve maintains monetary stance interest rate rise after 2014
The Federal Open Market Committee (FOMC) ended its two-day monetary policy meeting on Wednesday and agreed to keep its benchmark interest rate unchanged at a record low between 0.0% and 0.25%, while the FOMCs statements had not seen any ...
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Microsoft enters bug bounty fray for first time
Google targets cross-site scripting by more than doubling bug bounties In a move geared to keep up with the ever-changing online threat landscape, Google has increased its reward levels for researchers that uncover flaws. In particular, Google has its sights set on cross-site ...
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Chinese Billionaire Jianlin Buys Sunseeker International Yachts
Wang Jianlin , has himself a case of James Bond lifestyle envy. So much so that he deployed 320 million pounds ($495 million) for a controlling stake in Sunseeker International, maker of the Sunseeker yachts seen in James ...
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Lessons from Flight Piloting your Business through a Cashflow Stall
Airplanes are magnificent metaphors: the drama of flight and the human fear of sudden fall, the power of innovation to open new frontiers, the unbelievable complexity of any project designed to send us soaring into the stratosphere. The image of aircraft and the unlikely glory of flight can be invoked to serve a wide range of rhetorical purposes, and the image appears again and again in lessons ...
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How To Earn More Using The Skills You Already Have
I Bought a House at 21--Why I Regret It And I knew there wasn't much potential for advancement where I was: One of the biggest red flags was that my boss told me that he was grooming me to be a director in the company and then put out a job posting to hire someone above me! I knew I had to get out before I wasted more time there being overlooked for promotions. It became very clear to ...
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How The Price of Oil and Gasoline Could Crash
. Increasing interest rates are slowing the housing recovery and lessen the demand for construction workers. This current rate rise is a bit of a conundrum, but for now lets assume that it makes sense and is not simply based on the market misreading the Fed's intentions or the Fed itself being stuck in some sort of odd policy trap. This gives us a scenario where steel, earthmovers and ...
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The Worlds Best New Universities 2013
The World's Best New Universities 2013 Of these top new universities, only eight are in the U.S. The U.K. has a stronger showing, with 20 schools, but Baty says the greatest growth is coming from Asia. "We've seen incredible progress in South Korea, Hong Kong, Singapore and to a certain extent Taiwan, where they've managed to build universities that are already doing really ...
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AppleTV Grabs HBO And ESPN But Disrupts Nothing
CEO Tim Cook likes to talk about the company's "intense interest" in the television arena. Today that interest turned into a bit of action as the AppleTV lineup added two of the biggest whales in online streaming: HBO Go and WatchESPN. That's high-end content from providers who are as tightly linked to the existing model of expensive cable bills as anyone. Unfortunately, if ...
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Where CEOs Are Most Confident In 2013
...but not all countries are as down on this year's revenue outlook as others. Optimism varies greatly by country. According to the 16th Annual Global CEO Survey by PwC, here is where countries are the most optimistic about top line growth this year. And that's not saying much, judging by the ...
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Foreign Firms Hesitant On China
A little less money coming into China these days, as May FDI data suggests. Multinationals are hesitant on investing in China, foreign direct investment data shows. Despite overall long term growth trends and a general bullishness on the richer Chinese consumer, the multinationals increased their investments in May by just 0.29% in a sign of cooling in the world's second biggest ...
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GM Drives Off With 8 J.D. Power Awards
General Motors vehicles won eight awards in the annual J.D. Power & Associates survey of initial quality, a marked improvement since the largest American automaker turned itself around after a 2009 bankruptcy. GM cars and trucks won eight top prizes as the best vehicles in their segments of the U.S. auto market. Chevrolet, which accounts for 71 percent of General Motors' U.S. sales, ...
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Chinese Billionaire to Buy Sunseeker
Now, the owner of the Wanda 2, Wang Jianlin, the billionaire chairman of the privately held Dalian Wanda Group, is betting there are others out there who are ready to one-up him. On Wednesday, Mr. Wang's company, which last year bought the American cinema chain AMC Entertainment for $2.6 billion, said it would invest 1 billion ($1.6 billion) to acquire Sunseeker International, the British ...
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Federal Reserve suggests its closer to slowing bond purchases
Federal Reserve sketched a brighter economic outlook on Wednesday and signaled it's moving closer to slowing its bond-buying program, which is intended to keep ...
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General Motors is 1 in quality
It was a significant accomplishment for a company whose questionable vehicle quality in the past was part of what put it on a path of steady market share declines, financial losses and eventually a 2009 bankruptcy and federal ...
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U.K. to begin sale of bailed-out banks
The U.K. government is actively preparing to start unwinding its ownership of two of the country's biggest banks, which it bailed out during the financial ...
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Investors shouldnt worry about the Fed
During a press conference Wednesday afternoon, Fed chairman Ben Bernanke stressed his message: "Our purchases are tied to what happens in the economy," he said. "We have no deterministic or fixed ...
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