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VW fixed the problem of dirty backup cameras with this simple technology

The car is loads of fun, has an amazing audio system, and is pretty cheap, at less than $25,000.<p>But it also has a nifty feature that no driver is ever going to see — although he or she might <i>hear</i> it, and it solves a problem that every driver with a backup camera has faced when the weather gets rough.<p>…

Volkswagen

This guy saw his Microsoft coworkers struggle to manage their money, and it gave him the idea for a $150 million app

It was toward the end of the 2000s. Microsoft was making them all a lot of money.<p>But not all of their Microsoft colleagues were great at navigating the complicated world of stock-option vesting schedules, 401(k)s, and all the other stuff that goes into turning money into even more money.<p>That …

Black Rock

Nordstrom is undercutting its status as a high-end retailer

The retailer's shares plummeted more than 15% after a dismal earnings report.<p>Companywide, comparable sales — a key metric for retail that reflects sales only at stores open a year ago — were down.<p>Worse than that number is where Nordstrom is taking a hit. At its full-price business — which includes …

eCommerce

Amazon is making it even harder for J. Crew and Gap to turn around business

But now they face another challenge: Amazon.<p>Amazon's fashion sector is a huge threat to these retailers, Thomas Lee of The San Francisco Chronicle writes.<p>Lee points to a Bloomberg story from this past summer in which Cowen and Co. estimated that Amazon would surpass Macy's by 2017.<p>That doesn't seem …

J.Crew

These Are the 10 Biggest Retail Bankruptcies of the Last Decade

By and<p>Sports Authority finally filed for bankruptcy after weeks of speculation and with that, the chain joined the ranks of the largest retail …

The 25 best Caribbean islands, ranked

Though each island has its own unique appeal, some have advantages over the others.<p>We've ranked the best islands in the Caribbean, based on the costs of hotel bookings, their accessibility, and the range of activities they offer.<p>To rank the islands, we factored in each one's average hotel-room …

Caribbean

We sent 3 reporters to Cuba for a week, and it was a surreal adventure from the moment they arrived

While political and economic negotiations are underway to end the stiff US-Cuba relationship, the world is flocking to experience the surreal time warp of this tropical nation.<p>Business Insider decided to do the same and sent three reporters in June to Havana.<p>Here's an overview of our Cuban …

NBA Draft expert explains why teams are in love with Kristaps Porzingis — the mystery man of the NBA Draft

The biggest fear of using a high draft pick on Porzingis is that NBA teams have a long history of busting on overhyped international players in the draft. Since 2003, there have been 16 international players taken in the lottery (pick Nos. 1-14) and not one has become an All-Star.<p>However, as ESPN's …

Basketball

Venezuela’s Got $21 Billion, Owes $21 Billion as Crisis Builds

Of all the financial barometers highlighting the crisis in Venezuela, this may be the one that unnerves investors the most as oil sinks: The …

Why It's Better To Sell A Startup For $20 Million Instead Of $200 Million

But it sounds <i>really</i> impressive when a company sells it for <i>hundreds of millions of dollars.</i><p>As a founder, which option is better? For many, a smaller exit should be the desired outcome.<p>The short reason: lower-valued startups take less time to scale and less venture capital to fuel which means …

Startups