erving conaway

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ETFs hold clues for gold, copper, coffee outlooks

SAN FRANCISCO (MarketWatch) — The commodity sector has rallied this year, but a close look at the performance among individual exchange-traded funds …

Stock Markets

Distressed Asset Lovers Pay Huge Premium For Milwaukee Bucks

In a rather inexplicable deal, Marc Lasry and Wesley Edens, two men who got rich in part by buying damaged assets at bargain basement prices, have agreed to pay $550 million–at least $50 million more than anyone else was considering paying–for the Milwaukee Bucks.<p>Half the deal is spot on with the …

Investors attempt to save MtGox bitcoin exchange

MtGox is under threat of liquidation after it fell victim to an apparent digital heist in February in which $480m disappeared<p>MtGox, formerly the world's biggest bitcoin exchange, is the subject of a rescue attempt from a group of investors who want to save it from liquidation.<p>Tokyo-based MtGox …

Switzerland May Soon Have The World's Highest Minimum Wage

On May 18, Swiss voters will decide a referendum that would create a national minimum wage of 22 Swiss francs ($24.99) per hour, or 4,000 francs per month. If approved, the measure would give Switzerland the highest minimum wage in the world. The initiative was proposed by SBG, the country's …

Economics

Russia Ships The World's First Load of Offshore Arctic Oil

The untapped Arctic reserves of petroleum have been tapped.<p>Russia has announced its first shipment of Arctic offshore oil. Russian President Vladimir Putin watched oil loading from the Prirazlomnoye drilling platform onto a tanker Friday via video link, according to state-run ITAR-TASS, and …

Tesla can’t reach global battery supremacy without a friend

Why hasn’t Tesla announced a partner yet for its much vaunted gigafactory? The question is beginning to be asked, and not just by investors.<p>Tesla’s share price has underperformed the market by a wide margin since it unveiled its plans to build the world’s biggest lithium-ion battery factory on Feb …

Tesla

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 …

A rental Mustang is now a collector's item

LAS VEGAS – The history of Rich Wilson's 1966 Mustang fastback is summed up on the license plate frame of the sleek black fastback: "Hertz Rent-A-Racer.''<p>His car is a Ford Shelby Mustang GT 350H, the designation of a special group of Mustangs produced for purchase by Hertz for the airport rental …

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 …

Entrepreneurship

The Dawn Of Cloud 2.0 And Why Google Started A Price War

<b>Editor’s note:</b> <i>Peter Relan is serial entrepreneur-turned-founder of two incubators: YouWeb (focused on gaming), and Studio 9+ (focused on big data, IoT, wearables, and P2P marketplaces). His incubations include OpenFeint, Crowdstar, Hammer and Chisel, Spaceport, and Agawi. Prior to founding his</i> …

Why Madison Avenue is becoming more like Wall Street

Wall Street banks and trading firms are known for hiring the smartest mathematicians and computer scientists in the world.<p>These geniuses develop complex algorithms and use the most advanced technologies to quickly make investment decisions based on vast amounts of data. Every day, billions of …

Search

FORTUNE — Boston-based private equity firm Spectrum Equity Investors is heading back to market to raise its seventh fund, <i>Fortune</i> has learned. The target is $800 million with a $1 billion hard cap, although formal marketing documents have not yet been printed.<p>The firm focuses on “information …

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 …

The Nikkei Rises Despite Disappointing Trade Numbers

The number was wider than expectations for 1.08 trillion yen.<p>This came on the back of an 18.1% year-over-year rise in imports, which were above expectations for a 16.2% rise.<p>Meanwhile, imports were up a modest 1.8%, below expectations for a 6.5% rise.<p>Demand for foreign goods climbed ahead of the …

Economy

Japan's trade deficit quadruples in March

<b>Japan's trade deficit quadrupled in March as export growth slowed and energy imports continued to rise.</b><p>A weak Japanese currency, which pushed up the cost of imports, also contributed to the widening gap.<p>The deficit rose to 1.45 trillion yen ($14bn; £8.4bn), up from 356.9bn yen during the same month …

Economy

US government to argue against Aereo at Supreme Court hearing this week

Major US broadcasters have found an ally in their case against Aereo, the streaming television service that uses thousands of micro antennas to pull in free over-the-air signals. <i>Deadline</i> reports that the US Supreme Court has granted a motion from the Deputy Solicitor General to appear during oral …

After Apple, mobile readies big push to 64-bit

TSMC signaled this week that the mobile industry is getting ready to move to 64-bit computing.<p>With Taiwan Semiconductor Manufacturing Co. dropping a big hint this week that it has either started or is getting ready to start production of 64-bit mobile processors, let's take a quick look at what the …

Mobile

How Sonos Used Clever Software Engineering To Make A $50 Gadget Obsolete

It’s not often that a company announces that they’ve figured out a way to make people stop paying for a piece of hardware by purposely making it obsolete, but that’s just what Sonos has done.<p>Sonos has just announced that thanks to clever programming, they have figured out a way to make their $50 …

Aereo’s CEO on the future of Netflix, TV sports and the public airwaves

Advertisement<p>20 Comments<p>Credit: Jeff Roberts<p>In 2012, Chet Kanojia set out to take on TV’s goliaths with a slingshot full of tiny antennas, but he …

10 hidden Galaxy S5 features, according to Samsung

The Galaxy S5 has been on the market for a week now, and with dozens of reviews and hands-on posts hitting the web, fans of the device probably already know about its main features.<p>But Samsung reckons there are some hidden features on the Galaxy S5 that you might not be aware of, and helpfully …

Apps

Why carry a big power brick when you can tote the world’s smallest laptop adapter?

Advertisement<p>4 Comments<p>It’s not unheard of for a laptop review to ding the product for a surprising reason: A bulky power adapter. What’s the point …

Future big data analysts will know everything you did today

Debates are raging about whether big data still holds the promise that was expected or whether it was just a big bust. The failure of the much-hyped Google Flu Trends to accurately predict peak flu levels since August 2011 has heightened the concerns.<p>In my mind, there is no doubt that data …

Tresorit Launches Its End-to-End Encrypted File-Sharing Service

Tresorit today officially launched its end-to-end encrypted cloud storage service after emerging from its stealth beta. The startup employs multiple layers of security that make its data extremely difficult to compromise.<p>One key advantage to Tresorit is that it doesn’t have a master key to your …

Preact raises $4.6M, launches ‘customer success’ service

Preact really wants you to be successful.<p>The San Francisco cloud-based software startup raised $4.6 million today in an Series A round that Trinity Ventures led. In tandem with the hefty windfall of venture cash, the company also released it’s new software platform that it said uses “leading-edge …

Hackers Use Heartbleed Bug to Attack 'Major Corporation'

Hackers took advantage of the Heartbleed vulnerability to break into a major corporation’s network, less than a day after the bug was brought to the public’s attention, security experts told The New York Times.<p>Officials with Mandiant, an Alexandria, Va.-based network security firm, said in a blog …

Information Security

Microsoft drops $1.1B to grow its data center footprint in Iowa

Microsoft will soon harvest a lot more corn — err, servers — in Iowa.<p>The tech giant is investing in data center infrastructure in West Des Moines, miles away from an existing company data center, Iowa public officials announced today.<p>The company has been gradually improving the feature set and …

Try It Now

Beijing's spy chief falls in corruption probe

Beijing's spy chief has reportedly been detained by investigators looking into his former boss<p>Beijing's spy chief has been removed from his job and reportedly detained as a political investigation into his former boss, the retired security tsar Zhou Yongkang, gains pace.<p>Liang Ke, 48, was taken into …