Zach VanMeter

796 Flips | 2 Magazines | 10 Following | 17 Followers | @iamvanmeter | Keep up with Zach VanMeter 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 “Zach VanMeter”

Why Is The Global Shipbuilding Business Struggling?

There's news this week that shipbuilder STX Finland will close what it describes as "the world's leading ferry builder," a yard where the company also built small cruise ships, icebreakers and naval craft.<p>The company blamed economic conditions for the closure of the Rauma Shipyard. Work from there …

Versace's Miami mansion sells for $41.5M

MIAMI BEACH, Fla. (AP) — A corporation had the winning bid for the South Beach mansion that once belonged to Gianni Versace.<p>VM South Beach LLC bid $41.5 million Tuesday for the oceanfront property on Miami Beach's touristy Ocean Drive.<p>The <i>Miami Herald</i> reports that VM South Beach's principals include …

JPMorgan To Get Whale Of A Fine For Trading Losses

Authorities are set to slap banking giant JPMorgan Chase with a massive fine over the bank's huge trading losses in London last year, confirms NPR's Jim Zarroli.<p>Though details of the deal are still pending, several reports put the amount at more than $700 million. It comes on the heels of the …

China's Currency Will Be Fully Convertible In Months

The Shanghai free-trade zone, China’s first, will officially open for business on September 29. Just about every China economy maven has been following the months-long saga regarding the establishment of the zone because in Shanghai the central government will punch a gaping hole in the country’s …

As Fed 'taper' looms, so do market surprises?

Wall Street expects the Fed to announce the start of a long-awaited "tapering" of its bond purchases Wednesday. Could there be a surprise?<p>NEW YORK -- It's no surprise Wall Street traders have placed their bets on when and how the Federal Reserve will start to cut back on its market-friendly …

A Tale Of Two Bond Deals: Apple, Verizon Show The Voracious Appetite For Yield

Two companies have come to market with record-breaking corporate bond deals this year and their reasons for doing so are vastly different. But there is a common thread between this week’s $49 billion, eight-tranche offering from Verizon Communications and May’s $17 billion six-tranche deal from …

The Wall Street Journal Is Hiring a Mansions Reporter, Because Guess Who Won the Recovery

BlackBerry Suitors Reportedly Considering Breaking Up Company

It’s unknown whether anyone will purchase struggling BlackBerry, but one thing is for sure: it won’t be the same. Reuters reports that some potential bidders are looking at breaking the Canada-based smartphone manufacturer apart and keeping only the operating system and the patents around its …

China's Newest Innovation: Live Crab Vending Machines

The crustaceans even come with crab vinegar and ginger tea.

Finally, the Indian government agrees to leave the central bank alone

In India, the central bank is widely considered one of the country’s best-run institutions, balancing the financial interests of both rich industrialists and the 826 million citizens living on less than $2 a day. Considering the political pressures it faces, it’s a wonder the bank functions at all. …

Central Banks

These 2 Stats Prove California's $10 Minimum Wage Is A Big Deal

California is very, very close to making a $10 minimum wage a reality. Doing so nationwide would change the lives of America’s working poor.<p>A June study by Restaurant Opportunities Centers United, a national organization focusing on racial equity in the restaurant industry, found that <b>(statistic #1)</b> …

Cars, coins and stamps are now more profitable luxuries than art, wine and jewelry

Luxury investing is gaining a somewhat geeky profile, with gearheads, coin collectors and philatelists gaining ground on urbane, wine-sipping art enthusiasts.The best luxury investment over the past year is classic cars, according to property consultancy Knight Frank. In its latest assessment of …

Investing

Criticism grows as Barack Obama welcomes Syria deal as 'important step'

US President Barack Obama has welcomed the deal to strip Syria of chemical weapons as an "important step" but leading politicans on the Right have branded it an act of weakness<p>In a White House statement, Mr Obama said that if the regime of Syria's President Bashar al-Assad does not live up to the …

Coach of Genoa football team caught spying on rivals

A coach from Serie A side Genoa has been caught spying on local rivals Sampdoria dressed in camouflage gear ahead of their derby clash today.<p>Luca De Pra, a Genoa youth-team coach and grand-son of Giovanni De Pra, the club's finest ever goalkeeper, was suspended by Genoa after being caught hiding in …

Japan halts last nuclear reactor at Ohi

<b>Japan is shutting down its last functioning nuclear reactor, with no timetable for a restart.</b><p>Reactor 4 at Ohi in western Japan will stop generating electricity in the early hours of Monday.<p>Analysts say Japan will be without nuclear power until December at the earliest, the longest shut-down since …

Nuclear Energy

International News | Latest World News, Videos & Photos -ABC News - ABC News

Some of Hollywood's brightest stars attend the royal wedding<p>Harry, Markle do things their way with a non-traditional royal wedding<p>Harry, Markle ride …

Royal Weddings

Peru drug arrests: British woman Melissa Reid 'to plead guilty'

Reid, who was arrested last month with Michaella McCollum Connolly, hopes plea will lead to shorter jail term, reports say<p>A British woman accused of trying to smuggle cocaine worth £1.5m from Peru is reportedly planning to plead guilty in exchange for a short sentence.<p>Melissa Reid was arrested …

Why a 26-year-old analyst has managed to rattle Wall Street

On Sept. 9, Reuters reported that Kevin Kaiser of Hedgeye Risk Management had sent shares of Kinder Morgan, North America’s third largest energy company, reeling 6%. Kaiser had emailed clients advising them to short the stock (i.e., bet it would fall). The following day, Kaiser published a full …

Kinder Morgan

Gold Is Just Having A Terrible Day

The sell-off in gold has gotten worse this afternoon.<p>Right now, the yellow metal is trading around $1323 an ounce, down 3.0% from yesterday.<p>Moments ago, it hit the lowest level of the day at $1322.20.<p>Société Générale strategists told clients earlier this week that the bounce in gold is over, and …

Koch's $7.2 Billion Molex Purchase Puts Founding Family In Billonaire's Circle

The $7.2 billion purchase of Molex Inc. by Koch Industries will send more than $2 billion into the bank accounts of members of the founding Krehbiel family, ending their 75-year involvement with a pioneering plastics manufacturer.<p>Molex was founded by Frederick Krehbiel in 1938 to produce a …

Dell shareholders approve buyout by founder Michael Dell

According to a preliminary count, Dell shareholders have approved a $24.9bn (£15.6bn) buyout offer by Michael Dell and Silver Lake Partners.<p>This will end Dell's 25-year tenure as a public company.<p>"I am pleased with this outcome," said Michael Dell in a statement.<p>Although Mr Dell had initially met …

IT

Twitter Files For IPO - Confidentially

Twitter has filed its S-1 documents for a highly-anticipated initial public offering with the SEC.<p>The IPO announcement from Twitter came, fittingly, in the form of a Tweet the company posted today.<p>“We’ve confidentially submitted an S-1 to the SEC for a planned IPO. This Tweet does not constitute an …