Chloe Shore

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How Much Does Human Capital Cost An Entrepreneur?

Many entrepreneurs begin a business by brainstorming an idea with their spouse or a professional colleague. In the idea stage, it is easy for the entrepreneur to continue working at a salaried job while developing the idea. Increasingly, a startup can begin with a few online applications, the …

Entrepreneurship

Dollar off to slow start as Fed countdown begins | Reuters

SYDNEY (Reuters) - The dollar, euro and yen all got off to a slow start on Monday with investors sticking to the sidelines as the countdown begins on whether the Federal Reserve will hike interest rates for the first time in nearly a decade.<p>American dollar notes are displayed in this photo …

Economics

Alibaba shares could fall another 50 percent, says Barron's cover story | Reuters

(Reuters) - Shares of Alibaba Group Holding Ltd, (BABA.N) which recently slipped below their initial offering price after having rocketed 75 percent in their first two months of trading, could lose another 50 percent of their value, Barron’s said in the cover story of its Sept. 14 issue.<p>The logo of …

Alibaba Group

UAW Picks Chrysler To Tackle Auto Industry's Toughest Issues In Labor Talks

With a little over 24 hours to go before the expiration of labor contracts between the United Auto Workers and Detroit automakers, the union is ratcheting up the pressure on Fiat Chrysler Automobiles as the leading company to set the pattern on a new multi-year deal.<p>“All three companies are working …

Automotive Industry

Unicorpse: Why founders and investors should stop talking about unicorns

The current usage of the word unicorn makes me tired. I could rant about it for a while, but that would make me tired of myself ranting about it.<p>Instead, I’d like to focus on a word that appeared a month ago by Aileen Lee in <i>Welcome To The Unicorn Club, 2015: Learning From Billion-Dollar Companies</i>. …

Venture Capital

Jeb Bush Tax Plan Could Disrupt Real Estate And Small Business

Whatever the long-term effect of the Bush 2016 tax plan, there is one provision that may create something of a shock to both real estate and the financing of small business. In the “Backgrounder” for the Reform and Growth Plan, we read – “Generally, businesses would no longer be able to deduct …

Finance

Credit Suisse plans to sell U.S. private bank: newspaper

ZURICH (Reuters) - Credit Suisse Group CSGN.VX intends to sell its U.S. private bank and slash its prime brokerage business under a strategy being developed by new Chief Executive Tidjane Thiam, Swiss newspaper Schweiz am Sonntag reported on Sunday.<p>A Credit Suisse sign is seen on the exterior of …

Credit Suisse

BIS fears emerging market maelstrom as Fed tightens

Global debt levels are dangerously high and central banks cannot keep the game going indefinitely, warns the high priest of orthodoxy<p>Debt ratios have reached extreme levels across all major regions of the global economy, leaving the financial system acutely vulnerable to monetary tightening by the …

China unveils details of state-firm reforms as growth sputters | Reuters

BEIJING (Reuters) - China unveiled details on Sunday of how it would restructure its state-owned enterprises (SOEs), including partial privatization, as data pointed to a cooling in the world’s second-largest economy.<p>A labourer cuts steel bars at a railway bridge construction site in Lianyungang, …

China

Australian antitrust chief questions Murdoch play for Ten Network | Reuters

SYDNEY (Reuters) - A proposal by Rupert Murdoch’s cable TV firm Foxtel to buy 15 percent of struggling broadcaster Ten Network Holdings Ltd may hurt competition, an Australian antitrust regulator said, in a sign that it may block the A$77 million share sale.<p>Failure to clinch a deal would require …

IT

U.S. firm alleges China’s government colluded with local competitor

BEIJING — When an American company named Vringo discovered that ZTE, a Chinese telecommunications giant, had been using patented mobile technology for years without paying license fees, the U.S. firm sought what it considered appropriate compensation.<p>What followed, the company says, was an …

China

Vodafone's 'unforgivable' hacking of journalist's phone must be investigated, says union

Australia’s Media Entertainment and Arts Alliance has called on the privacy commissioner to investigate the circumstances of the “unforgivable” hacking of a journalist’s phone data.<p>On Saturday the Australian published leaked emails that detailed how a day after Fairfax journalist Natalie O’Brien …

Surveillance

Conversational Interface to Financial Services Unveiled: North Side Lets You Speak or Type to Your Bank

MONTREAL–(BUSINESS WIRE)–September 14, 2015–<p>North Side (www.northsideinc.com) of Montreal will launch its VerbalAccess software at Finovate conference in NYC on September 16. VerbalAccess enables accessing banking and financial services through text-messaging or voice. The key innovation: customers …

Credit Cards

Tesla is in the middle of a huge debate about the future of driving

On one side is Morgan Stanley's lead auto analyst, Adam Jonas, who last week revisited his futuristic theory that individual ownership of cars is going away and that the "potential end of human driving" could be coming.<p>On the other side is an unlikely team of insurance analysts at Citi led by Todd …

Oil down 3 percent as gasoline pressures market; traders eye Fed | Reuters

NEW YORK (Reuters) - Crude oil fell more than 3 percent on Monday, dragged down by a tumble in gasoline and apprehension about whether the United States will have its first interest rate hike in nearly a decade.<p>Oil pumps are seen at a MAX oil station in Yangon April 21, 2014. REUTERS/Soe Zeya …

Trading

DuPont to face first trial over C-8 exposure | Reuters

NEW YORK (Reuters) - Chemical giant DuPont Monday will face the first trial in litigation from residents near one of its plants in West Virginia who have accused the company of sickening them by emitting a toxic chemical that leaked into their drinking water.<p>A view of the Dupont logo on a sign at …

Environmentalism

This CEO is helping Saudi women break a gender barrier

In 1983, Lubna Olayan became the first woman to work for her father’s business—Olayan Financing Co. (OFC), a sprawling multinational conglomerate …

China issues blueprint on overhauling bloated state industry

BEIJING (AP) — China's Communist Party issued a long-awaited blueprint for overhauling bloated state industries while retaining the party's dominance …

China

UK's Trinity Mirror in talks to buy rival Local World | Reuters

(Reuters) - Britain’s Trinity Mirror Plc, publisher of the Daily Mirror and Sunday Mirror newspapers, is in talks to buy rival Local World Holdings Ltd as it attempts to build scale to help counteract the impact of falling advertising revenue.<p>In a statement on Monday, Trinity Mirror put no price on …

IT

Toshiba to report first quarter operating loss of over 10 billion yen: Nikkei | Reuters

TOKYO (Reuters) - Toshiba Corp (6502.T) is set to report an operating loss of more than 10 billion yen ($83 million) in the April-June quarter hurt by weakness in the consumer electronics business, the Nikkei business daily reported.<p>The logo of Toshiba Corp is pictured at its headquarters in Tokyo, …

IT