Hock teck

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Take Your Next Flight On This Gigantic Solar Whale-Like Plane

When we picture transportation of the future, we tend to think “sleek.” A Spanish designer has gone in the opposite direction with his vision for an environmentally friendly, futuristic “whale plane” that looks like a cruise ship in the sky.<p>Oscar Viñals, from Barcelona, envisioned the “AWWA Sky …

Solar Panels

Shutdown Day 4: Progress on back pay, but no end in sight

WASHINGTON — President Obama and House Republicans, battling over who was at fault for the four-day partial shutdown of the federal government, found one point they could agree on Friday:<p>Federal workers sent home during the shutdown should get back pay when the government reopens.<p>The …

Paula McLain: ‘I felt all the hairs on my neck raise up, and knew without question I would write about her’

Paula McLain's third novel, <i>Circling The Sun</i>, about the life of the trailblazing aviator Beryl Markham, was recently published by Bond Street Books. McLain, who lives in Cleveland, is also the author of two poetry collections, the memoir <i>Like Family: Growing Up in Other People's Houses</i>, and the …

Markets Complacent As Investors Wait On DC

S&P 500 futures are up 0.2% this morning after a 0.9% drop in the index Thursday.<p>"I started the week by asking when lack of concern would start to feel like complacency and that threshold has been crossed already," says Société Générale strategist Kit Juckes. "If there is no political progress over …

Recession looms in 2014

The level of uncertainty among investors about the direction of U.S. fiscal and monetary policy is startling. At a recent gathering of top investors in New York, few displayed much conviction about the future path of the Federal Reserve’s monetary stance after its Sept. 18 decision not to wind down …

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Barclays £6bn cash call nears completion

Rights issue said to be 95% complete as bank tries to plug capital shortfall identified by Bank of England<p>Barclays hopes to begin to repair its relationship with financial regulators after its £6bn cash call neared completion on Friday.<p>The bank said there had been a 95% uptake of the cash call, …

Swiss authorities investigate potential manipulation of £3tn currency markets

Switzerland's market regulator launches foreign exchange investigation involving 'multiple banks around the world'<p>Swiss regulators are investigating a number of financial firms over the potential manipulation of currency markets, where £3tn changes hands every day.<p>The regulator said that multiple …

Bill Ackman is scaling back his anti-Herbalife bet, so why has the stock price fallen?

Famed hedge fund manager Bill Ackman is scaling back his much-watched bet against vitamin king Herbalife. Normally, news that a big investor like Ackman was pulling back on a massive short position—he famously short-sold shares worth an estimated $1 billion late last year—would be a boon for the …

Markets

Fruit Of The Loom Sees Workers In Their Underwear

LISTING a new job on LinkedIn typically prompts congratulations from friends and relatives, but 25,000 members of the professional networking platform who change their employment status also are about to get a change of underwear.<p>Read more on The New York Times

Jamie Dimon Steps Down As Chairman Of JPMorgan Chase Banking Unit

(Reuters) - JPMorgan Chase & Co<p>chairman and CEO Jamie Dimon has given up the title of chairman of the company's main bank subsidiary to conform with a new internal policy on multiple roles.<p>Dimon has been under regulator scrutiny since the company last year disclosed it was losing billions of …

Twitter's IPO filing: nine scintillating things we've learned

Twitter has finally submitted its initial public offering forms, revealing a wealth of facts on the seven-year-old company.<p>After seven years of serving 140 character messages to the world, Twitter's IPO filing details the scale of its audience and its revenues for the first time.<p>Twitter has over …

Cadbury's attempt to trademark Dairy Milk purple blocked

Appeal court rules usage of colour was not specific enough and would give Cadbury unfair competitive advantage<p>Cadbury has lost a five-year court battle to register a distinctive shade of purple as a trademark for its chocolate bars.<p>Lawyers for rival Nestlé managed to overturn a previous judgment …

Government Shutdown Kills NFP, Forex Traders In Limbo

Worries about the U.S. debt ceiling are beginning to unnerve investors as we enter the fourth day of the partial U.S. government shutdown. Asian and European markets have been rather resilient thus far believing that a budget accord was close at hand. However, it appears not to be so, and even the …

Further Thoughts On Why BlackBerry's Failure Could Be Your Failure Too

It’s a year and a half now since I offered the view that RIM, the name we used to give to BlackBerry, was a busted flush in part because its new strategy was too narrow. Over the months that followed, the new CEO Thorsten Heins, made a really impressive attempt to make the company work. It didn’t, …

Red lights are flashing on the US debt dashboard

Financial markets are starting to show disquieting signs that investors are battening down for more trouble in the most important market in the world: The market for US government debt. The signs of stress stem from the inability to resolve the current government shutdown. The stalemate bodes ill …

Investing

Twitter founder Evan Williams is now a billionaire (on paper)

SAN FRANCISCO -- Twitter just minted a billionaire -- at least on paper.<p>Evan Williams, the 41-year-old co-founder of Twitter, owns 12% of the social media company that is expected to go public next month, according to a filing with the Securities and Exchange Commission on Thursday.<p>Twitter has been …

Evan Williams

The internet has gotten a lot less free in the US, India and Brazil

As much as we online journalists love reports that rank things, even we must sometimes resist the urge to blog about them, even “in one map.” Because honestly, some countries are just going to either be really good or bad at various things for the foreseeable future. Just as the Central African …

The Value Of Overpaying Britney Spears In Las Vegas

Britney Spears recently rode a helicopter into the desert and touched down in front of 1,000 fans to announce a brand-new residency at the Planet Hollywood Resort & Casino in Las Vegas.<p>The extravagance of the launch, captured as part of a special for <i>Good Morning America</i>, was only fitting: the “Oops …

Elon Musk Details Cause Of Tesla Model S Fire, Says It Would Have Been Worse With Gas

Tesla CEO Elon Musk has taken to the company blog today to talk about a Tesla Model S fire that caught the attention of the news media this week. Musk says that the fire was caused by a piece of a tractor-trailer that punctured the battery compartment of the car with a “peak force on the order of …

Alibaba just poured $50 million into a Google for apps

Chinese e-commerce giant Alibaba isn’t just looking to the US as a potential home for its much-anticipated IPO. It’s also looking to the country as a fountain of innovation that can boost its growing business in China and around the world. The company, often described as Asia’s answer to Ebay or …

Apps

Apple Files Expected Appeal of E-Book Injunction

Throughout its long e-book battle with the Department of Justice, Apple vowed to appeal any injunction brought against it. Today, it did just that, …

eBooks

Smartwatches Will Be Huge By 2017: Report

Prepare for a world of cyborgs.<p>Wearable technology, which includes camera-equipped smartwatches like the Galaxy Gear and Internet-connected eyewear like Google Glass, is set to explode over the next few years, according to a report released Friday.<p>The report, from Swedish telecom market researcher …

Netflix Competitor Redbox Sees Rosenstein's Jana Partners Become Top Stockholder

The wave of activism continues as Barry Rosenstein’s Jana Partners announced it has taken a 13.5% activist stake in Outerwall, parent company of DVD rental company Redbox and Coinstar. Outerwall’s shares had recently fallen off a cliff after the company cut guidance twice in a few months, yet on …

Apple reportedly making a push in Indian retail stores

The iPhone maker is said to be planning to set up "stores within stores" in smaller cities in India, according to the Economic Times.<p>Long a neglected market for the Cupertino, Calif.-based company, Apple is said to be ramping up efforts to get iPhones and iPads into the hands of consumers in …

India

Coke, Chrysler, Walmart Lean Into Larger Causes

The concept of brand values—as in selling something bigger than soda, cars and clothes—has been a recurring theme today at the ANA Masters of …