Thursday, July 31, 2014

Alibaba Is Investing Big Sums in U.S. Technology Companies by



By


As the company prepares for its I.P.O., Alibaba is also rubbing elbows in the sometimes insular world of Silicon Valley-funded start-ups, reports Mike Isaac and Michael J. de la Merced of The New York Times.


Published: July 31, 2014 at 4:00AM


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Popular Prepaid Money Card Opens Path to Fraud Schemes by MATTEW GOLDSTEIN



By MATTEW GOLDSTEIN


The MoneyPak card, used to transfer cash by those without access to conventional bank accounts, has also caught the eye of criminals, from a Maryland jail gang to an online prostitution ring in North Carolina. The company that issues the cards has taken action.


Published: July 31, 2014 at 4:00AM


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To Lift Sales, G.M. Turns to Discounts by AARON M. KESSLER and BILL VLASIC



By AARON M. KESSLER and BILL VLASIC


The automaker has piled on cash incentives and cheap lease deals to invigorate sales of its passenger cars, particularly the smaller models.


Published: August 1, 2014 at 4:00AM


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Both Sides See Positive Signs in Report on Financial Industry by PETER EAVIS



By PETER EAVIS


A new report issued by the Government Accountability Office sought to answer whether big banks still enjoy an effective subsidy because of implied government support.


Published: July 31, 2014 at 4:00AM


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Weak Links in China’s Food Chain by STEPHANIE STROM



By STEPHANIE STROM


The OSI Group, one the top meat producers in the United States with more than $6 billion in sales and about 20,000 employees in 17 countries, is enveloped in a food safety scandal in China.


Published: August 1, 2014 at 4:00AM


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Argentina Is in Default, and Also Maybe in Denial by ALEXANDARA STEVENSON and IRENE CASELLI



By ALEXANDARA STEVENSON and IRENE CASELLI


For a nation that went through a devastating default 13 years ago, the collective memory of what a real economic default feels like is still fresh.


Published: July 31, 2014 at 4:00AM


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Markets End July in Dive, but Analysts Are Upbeat by JEFF SOMMER



By JEFF SOMMER


The stock market ended July with the sharpest decline in the Standard & Poor’s 500-stock index since April, while the Dow Jones industrial index loss all of its gains for the year.


Published: July 31, 2014 at 4:00AM


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A Suggestion for the Right Shoe for Unusual Moments by ANDREW ADAM NEWMAN



By ANDREW ADAM NEWMAN


Ads show shoes or bags and suggest occasions like “anticipatory walk of shame” and “starter husband hunting.”


Published: August 1, 2014 at 4:00AM


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Kellogg Profit Falls 16% on Sluggish Cereal Sales by THE ASSOCIATED PRESS



By THE ASSOCIATED PRESS


The movement by dieters away from calorie-counting, for instance, has hurt Special K, which over the years expanded to include snack bars, crackers and frozen waffles.


Published: August 1, 2014 at 4:00AM


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Labor Costs Rose a Healthy 0.7% in Second Quarter by REUTERS



By REUTERS


The report was seen as a glint of coming wage gains, which so far in the recovery have been no better than tepid. Also, the four-week average of initial jobless claims fell to a level not seen since 2006.


Published: August 1, 2014 at 4:00AM


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Exxon Reports Strong Profit, but Production Slips by REUTERS



By REUTERS


Exxon Mobil had a stronger-than-expected quarterly profit, but production fell 6 percent.


Published: August 1, 2014 at 4:00AM


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Lenders to Puerto Rico Utility Extend Payment Deadline by MICHAEL CORKERY



By MICHAEL CORKERY


The Puerto Rico Electric Power Authority owes about $800 million on two main credit lines. But if the banks force the utility to pay immediately, that could increase their likelihood of losses.


Published: July 31, 2014 at 4:00AM


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Regulators Still Find Problems in Overdraft Fees by MICHAEL CORKERY



By MICHAEL CORKERY


In a new report released on Wednesday, the Consumer Financial Protection Bureau said fees for customers who overdraw their accounts continue to pile up, particularly among young people.


Published: July 31, 2014 at 4:00AM


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Chief Says Discovery Communications Is Open to Global Deals by EMILY STEEL



By EMILY STEEL


Discovery has been the target of much merger and acquisition speculation as a series of proposed megadeals threatens to reshape the television business.


Published: August 1, 2014 at 4:00AM


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French Upstart Makes Offer for T-Mobile USA by MARK SCOTT and MICHAEL J. DE LA MERCED



By MARK SCOTT and MICHAEL J. DE LA MERCED


The move by Iliad, the fourth largest cellphone operator in France, would be a huge test of its financial capabilities and comes as T-Mobile and Sprint continue discussions on a potential merger.


Published: July 31, 2014 at 4:00AM


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Inversions May Be the Least of U.S. Corporate Tax Issues by CHRISTOPHER SWANN



By CHRISTOPHER SWANN


Politicians are indignant over firms that move overseas — even when home-grown tax loopholes, like real estate investment trusts and master limited partnership trusts, are costlier, Christopher Swann of Reuters Breakingviews writes.


Published: July 31, 2014 at 4:00AM


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F.D.A. Moves to Regulate Lab-Developed Tests by ANDREW POLLACK



By ANDREW POLLACK


The Food and Drug Administration said it felt the need to act to ensure the safety of home-brew test systems that are being developed and marketed widely.


Published: August 1, 2014 at 4:00AM


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Today in Small Business: Time to Give Raises? by GENE MARKS



By GENE MARKS


Why entrepreneurs are heading to Canada. Big Brewers try to “hijack” craft beer. And a water-balloon device raises $645,000 on Kickstarter.


Published: July 31, 2014 at 4:00AM


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Tesla and Panasonic to Build Battery Factory in U.S. by AARON M. KESSLER



By AARON M. KESSLER


The planned factory will produce batteries for Tesla’s all-electric vehicles, as well as modules designed for the stationary storage market, according to a release from Tesla.


Published: August 1, 2014 at 4:00AM


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Tell Me About Your Next Job by ADAM BRYANT



By ADAM BRYANT


Jon Bischke, the chief of Entelo, a recruiting software platform, says that employees who think ahead do well at their current jobs.


Published: August 1, 2014 at 4:00AM


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Fortress Results Are Bolstered by Private Equity Gains by WILLIAM ALDEN



By WILLIAM ALDEN


The Fortress Investment Group, which manages a range of hedge funds and other strategies, said Thursday that its distributable earnings rose 16 percent to $172 million.


Published: July 31, 2014 at 4:00AM


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In Deal for Real Estate Listing Trulia, Zillow Comes Out on Top by STEVEN DAVIDOFF SOLOMON



By STEVEN DAVIDOFF SOLOMON


Trulia will be at a significant competitive disadvantage while it finds out if this deal will clear regulatory scrutiny, a period that can last as long as a year and a half, Steven Davidoff Solomon writes in the Deal Professor column.


Published: July 31, 2014 at 4:00AM


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Jon Stewart and Stephen Colbert Take Aim at Tax Inversions by DEALBOOK



By DEALBOOK


Comedy Central’s “The Daily Show With Jon Stewart” and “The Colbert Report” mocked the growing trend of companies seeking to elude taxes through overseas mergers.


Published: July 31, 2014 at 4:00AM


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In Portugal, Central Bank Moves to Clean Up Banco Espírito Santo by RAPHAEL MINDER



By RAPHAEL MINDER


After a staggering first-half loss, the central bank moved to limit family control of the bank and ordered it to raise more funds.


Published: August 1, 2014 at 4:00AM


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Synchrony Shares Open Flat After Largest I.P.O. for Year by DEALBOOK



By DEALBOOK


Shares in Synchrony Financial, the retail finance unit being spun off by G.E., opened largely unchanged on Thursday after the firm raised about $2.9 billion in an initial offering.


Published: July 31, 2014 at 4:00AM


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