James Bond

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Weibo And WeChat, Is There Room For Both?

The China tech IPO market is enjoying a renaissance, with the hotly anticipated listings of e-commerce heavyweight JD.com, Sina’s social media spin-off Weibo, and of course the mammoth Alibaba Group. At least in mainland China, noticeably less attention has been given to the impending Weibo IPO, as …

Birds Of Tokyo Talk U.S. Transition--And Perform

At first glance, the name “Birds of Tokyo” seems a bit of a mystery–as though something got lost in translation. But for the five-piece alt-rock group from Perth, Australia, ambiguity was the goal in picking its moniker.<p>“We wanted a name that didn’t really sort of give you an idea of what we’ll …

Mobile Payment Experiment: Can An iPhone Replace Your Wallet?

Today, it seems like everything is going digital—but we still pay for most things the old fashion way. Humans made $15 trillion in retail transactions in 2013–$1 trillion of that was via e-commerce, $14 trillion was spent in physical stores and paid for with cash and credit cards.<p>More of that $14 …

Asia's Week: Regime Change Is Usually Tempting, Less Often Rewarding

Back in 1986, the U.S. rather effectively arranged the boot for Philippine autocrat Ferdinand Marcos, delivered gently by Secretary of State George Shultz. A decade or so later, the IMF and other global heavyweights did much the same, if less sweetly, to Suharto in Indonesia. In both cases, after …

Plane Ticket Journals - Capitalism Takes Flight: Adria Dunn

Adria L. Dunn is about to launch the world’s first luxury tea brand, 108 Tea. The pricing is still top secret but we are assured the tea will be the finest and most expensive ready-to-drink tea available. Prior to dedicating herself to being the CEO of 108 Tea, the 33 year-old Ms. Dunn worked her …

Billionaire Sam Zell's (Profanity-Filled) Advice For Reinventing America

Sam Zell isn’t afraid to speak his mind.<p>The billionaire real estate developer and chairman of Equity Group Investments charmed Forbes’ Reinventing America Summit with his (often profane) thoughts on politics, the economy, and even the Chicago Cubs. Here’s some of the juiciest moments of his …

Ranking: States Where You Have The Best And Worst Chance Of Achieving The American Dream

A Massachusetts group named Opportunity Nation says it has come up with a way to measure which states provide greatest access to the American Dream.<p>The Opportunity Index takes 16 economic indicators—among them traditional measures like the unemployment rate and nontraditional ones like the …

Why Tesla Is The Apple Of The Auto Industry: Part One

Conversation about Tesla (NASDAQ:TSLA) is everywhere right now. The electric car company has been making headlines recently not only for their plan to build the world’s largest lithium-ion battery factory, but also for the new Arizona bill that would allow the company to sell cars and bypass …

White House opens door to new rules to cut methane emissions

The White House on Friday opened the way to cutting emissions of methane from the oil and gas industry, saying it would study the magnitude of leaks of the powerful greenhouse gas.<p>The announcement seemed designed to please the international community – which is meeting in Yokohama to finalise a …

Fear of the waffle taco has driven McDonald’s to offer free coffee

Apparently $1 wasn’t cheap enough.<p>The world’s largest fast food chain, McDonald’s, usually charges a modest buck for coffee, but it will be offering its cups of “joe” for free to customers across the US over a two-week span beginning on March 31 and ending on April 13. This is the first time …

PricewaterhouseCoopers Is Getting Sued For At Least $1 Billion Over The MF Global Collapse

According to a complaint filed in the U.S. District Court in Manhattan, PwC provided "flatly erroneous accounting advice" to MF Global and its then-chief executive Jon Corrine by recommending the use of off-balance sheet structures for the brokerage's $6.3 billion bet on the debt.<p>Market worries …

IBM Invests $100 Million To Expand Design Business

In response to growing demand, IBM is spending $100 million to acquire talent and open Interactive Experience labs around the world.<p>User experience is an amorphous, all-encompassing field that’s given companies like Apple and design consultations like Frog and Ideo incredible global influence. Now …

Study: Most Millennials Don’t Watch TV on the TV

The YouTube generation simply isn’t watching TV the way their parents are, or so says the latest Digital Democracy Survey of American media …

Independent Scotland 'may keep pound' to ensure stability

A currency union will eventually be agreed between an independent Scotland and the remainder of the UK to ensure fiscal and economic stability on both sides of the border, according to a government minister at the heart of the pro-union campaign.<p>The private admission comes amid increasing jitters …

Associated Press News

Bloomberg editor resigns over handling of China story

A senior Bloomberg News journalist quit his role earlier this month, saying the "mishandling" by his bosses of a story critical of China was behind his departure, amid suggestions that the New York-based company is pushing a financial strategy for China that overshadows editorial autonomy.<p>Asia …

China-North Korea Trade in 2013: Business as Usual

North Korea’s dependency on China for energy and food has long been cited as a source of Chinese political leverage and a primary factor that could influence North Korean stability. But if North Korea depends on China for the bulk of its food and fuel, why does China not punish tiny North Korea for …

Britain's five richest families worth more than poorest 20%

The scale of Britain's growing inequality is revealed by a report from a leading charity showing that the country's five richest families now own more wealth than the poorest 20% of the population.<p>Oxfam urged the chancellor George Osborne to use Wednesday's budget to make a fresh assault on tax …

Digital artists in India make U.S. films pop

MUMBAI, India —<p>Darren Aronofskymay be a household name in Hollywood, where his last two films were critically acclaimed hits. But to the young Indian artists laboring on the director's newest project — the Biblical epic "Noah" — he was just another client with a looming deadline.<p>"Who's the director …

Winnie-the-Pooh

Italy: Hundreds of executive cars to be sold on eBay

Italy's government is selling off hundreds of executive cars used by government officials, in an online auction on eBay.<p>A list of 151 car makes and models for sale has been posted - among them are dozens of BMWs, Alfa Romeos, and Lancias.<p>There are also nine high-powered Maseratis owned by the …

Selling

Facebook to use drones and satellites to bring internet to remote regions

Facebook has unveiled plans to use specially designed aircraft and satellites to connect remote parts of the the world to the internet<p>Facebook plans to send drones and satellites to remote parts of the world to connect them to the internet using laser technology, its founder Mark Zuckerberg …

Boeing's Iconic 747 May Be Flying Into The Sunset

While global attention has been focused on Malaysia Airlines' missing 777 this week, Boeing's best-known aircraft, the 747, was also in the news. The Federal Aviation Administration ordered Boeing to immediately fix a software glitch that could cause problems during landing.<p>The software flaw is not …

Detroit: bankrupt city readies for divisive $450m Red Wings arena

Police have started handing out parking tickets outside The Comet Bar, a cozy if incongruous spot smack in the middle of the blighted deadzone between downtown and midtown Detroit. Not so long ago it was hard enough to get the cops to come for a shooting, says the Comet’s pink-haired barmaid, who …

Goldman Sachs opens up: How the investment firm is changing its image

Gary Cohn, the No. 2 executive at Goldman Sachs Group Inc., has just come from meetings with people overseeing hundreds upon hundreds of billions of dollars.<p>After arriving in Toronto this week for a Goldman-run conference, he had dinner with the chief executive officers of three of the country's …

Do consumers really want honest pricing?

Maybe consumers can’t handle the truth. We say we don’t want to be tricked by price-tag gimmicks and hidden fees, but companies find that when …