Mitch Penfield

10 Flips | 2 Magazines | @MitchPenfield | Keep up with Mitch Penfield on Flipboard, a place to see the stories, photos, and updates that matter to you. Flipboard creates a personalized magazine full of everything, from world news to life’s great moments. Download Flipboard for free and search for “Mitch Penfield”

How Facebook Could Use Banking to Pull Off a Smart Pivot | Inc.com

Facebook wants to bank its financial future on more than online advertising. In fact, the company wants to become a bank.<p>According to the <i>Financial Times,</i> Facebook is awaiting authorization from Ireland's central bank to become an "e-money" institution, which would allow users in that country to …

Household wealth up $25 trillion, but spending lags

Number of the day<p>More than $25 trillion<p>The amount American household wealth has increased since early 2009. The jump came amid rising equity and home prices, but the pass-through to consumer spending is lagging the $1 trillion boost that would have been anticipated historically, according to …

Chocolate prices skyrocket

The world's growing love of chocolate means more expensive treats for the Easter holiday.<p>Demand is rising at the fastest pace in three years, according to Euromonitor International Ltd., and farmers in West Africa aren't growing enough cocoa to keep up. The cost of beans used to make chocolate …

Saudi Arabia Prepares to Build the World's Tallest Building

This article is from the archive of our partner .<p>Construction on Saudi Arabia's Kingdom Tower, which will be one whopping, expense kilometer tall, is …

Entrepreneurs reveal their failures en route to success

<b>Millions of people dream of starting their own company, but only some are brave enough to take the leap.</b><p>Fewer still go on to great success.<p>Talking to BBC Radio 5 live's On the Money, some of the UK's most successful entrepreneurs share their tips for business success - as well as revealing some of …

Marissa Mayer’s genius plot to turn Apple against Google

Is Marissa Mayer about to play two of Silicon Valley’s fiercest rivals off each other?<p>Kara Swisher of Re/Code was out with a fascinating scoop on Yahoo late yesterday. According to her report, which cited sources inside the company, Yahoo is looking to convince Apple to dump Google as the default …

Student debt holds back many would-be home buyers

Sarah Luna wants to buy a home in up-and-coming northeast Los Angeles before it's too late.<p>At 31, she has a master's degree and earns more than $70,000 as a court reporter and freelance editor. She daydreams about trading the Glendale apartment she shares for a little condo, maybe in Echo Park or …

Bleak future for Australia manufacturing

Ford’s normally busy factory is deserted and eerily quiet. For two weeks the carmaker and dozens of its component suppliers are on a temporary …

Osama Bin Laden Honored With Library at Pakistan School

ISLAMABAD, Pakistan -- A seminary run by a fiery Muslim cleric has named a library after Osama bin Laden.<p>Abdul Qadir, a spokesman for Maulana Abdul Aziz, confirmed that the all-girls madrassa in Pakistan's capital had recognized the slain al Qaeda leader "in honor of his martyrdom."<p>Bin Laden was …

GOP to Obama: We're Not Moving On

<b>GOP to Obama: We’re not moving on</b><p>When President Obama announced on Thursday that eight million Americans have now enrolled for insurance under the health-care law’s exchanges, he delivered this message to Republicans: It’s time to move on from the five-year Health Care War. And Republicans …