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Archive for the ‘Entrepreneur’ Category

Tips for a Successful Startup

30 Jul

When many people hear the word “startup,” they may think of young people starting a company in their dorm. The reality is that a company can be started by anyone at any age – as long as one or more of the founders are committed. A large factor that goes into the success of a startup company is the team. Read more about how to make a startup company successful.

Group Handshake Whenever you think of startups, you very likely think of young people brimming with ideas sitting in garages and dorm rooms and solving problems with technology. We are conditioned in a way to consider the idea even over the person who came up with it, but after listening to entrepreneurs, I’ve come to learn, it’s not about the quality of the product idea or even the founders. Read More

Source: http://techcrunch.com/2014/07/28/the-most-important-factor-of-startup-success/ncid=rss

 
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U.S. home prices down in May, but consumer confidence strong

29 Jul

A vacant home is shown in North Las VegasBy Chuck Mikolajczak NEW YORK (Reuters) – U.S. single-family home prices fell unexpectedly in May, declining for the first time in more than two years in the latest signal of the wobbly state of the housing market. Still, U.S. consumers remained confident in the broader economic picture, with a key measure of consumer attitudes at its highest since October 2007 and views of the job market the brightest in six years.

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Earnings lift Wall Street slightly at open

29 Jul

A trader works on the floor of the New York Stock Exchange shortly after the market's opening in New YorkNEW YORK (Reuters) – U.S. stocks rose slightly at the open on Tuesday following better-than-expected results from companies such as Pfizer and Merck and ahead of data on consumer sentiment. The Dow Jones industrial average rose 24.25 points or 0.14 percent, to 17,006.84, the S&P 500 gained 2.96 points or 0.15 percent, to 1,981.87 and the Nasdaq Composite added 10.57 points or 0.24 percent, to 4,455.47. (Reporting by Chuck Mikolajczak; Editing by Bernadette Baum)

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Zillow Acquires Trulia

28 Jul

If you have recently purchased or rented a new property, you may have used one of these companies to search for the perfect home. In a new $3.5 billion in stock deal, Zillow is acquiring Trulia! This deal will help provide their customers with a wider range of available properties. Read more about the deal here!

zillow-earnings Zillow is going to acquire Trulia in a deal worth $3.5 billion in stock, according to the company. The combination of these two real estate tech companies should secure Zillow’s position as a market leader in the U.S., with Trulia CEO Pete Flint staying on in his role but reporting to Zillow CEO Spencer Rascoff. Flint and one other board member from Trulia will join the new combined board. Read More

Source: http://techcrunch.com/2014/07/28/zillow-to-acquire-trulia-in-3-5b-stock-for-stock-deal/ncid=rss

 
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Microsoft says government officials make sudden visits to China offices

28 Jul

A employee stands in the Microsoft booth during the 2014 Computex exhibition at the TWTC Nangang exhibition hall in TaipeiChinese government officials have made sudden visits to Microsoft Corp offices in China, a spokeswoman for the company said on Monday, but declined to give any reason for the inspections. China’s State Administration for Industry & Commerce, which Chinese media reported had made the visits to Microsoft offices in Beijing, Shanghai, Guangzhou and Chengdu, declined to give comment outside of working hours. Microsoft has been a focus of anti-U.S. technology sentiment in China since U.S. National Security Agency (NSA) contractor Edward Snowden revealed widespread spying programs, including PRISM, which used U.S. company’s technology for cyber espionage. In an e-mailed statement, the Microsoft spokeswoman said: “We aim to build products that deliver the features, security and reliability customers expect and we’re happy to answer the government’s questions,” but declined to give any further information.

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Investors pin growth hopes on U.S. as Ukraine crisis casts shadow on Europe

27 Jul

A trader watches his screen on the floor of the New York Stock ExchangeBy John O’Donnell FRANKFURT (Reuters) – With the prospect of stiffer sanctions against Russia rattling confidence in Europe, investors will be looking to the United States and China to underpin the global economy. Wednesday’s U.S. gross domestic product (GDP) reading and jobs data on Friday will help markets to judge the strength of the economy’s rebound and the likely speed of the Federal Reserve’s return to more conventional monetary policy. The Fed meets on Tuesday and Wednesday. “The U.S.-China story is looking more encouraging,” said James Knightley, an economist with ING.

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NHTSA probes air bag software on older Chevrolet Impalas

26 Jul

The Chevrolet logo is seen before the New York Auto Show in New YorkBy Paul Lienert DETROIT (Reuters) – U.S. safety regulators are investigating the potential for air bags to fail because of software issues in older Chevrolet Impala sedans made by General Motors Co , after receiving a consumer complaint about an alleged incident in Texas. The National Highway Traffic Safety Administration said Friday that it has opened a probe into about 320,000 Impalas from model year 2008, but would also look at 2007 and 2009 models. GM has recalled nearly 15 million vehicles this year, including the Impala, for ignition switch issues that could cause air bags to fail in a crash. One of the recalls, in June, included Impalas from model years 2006-2014.

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Argentine default looms as time runs out for debt deal

26 Jul

Argentina's Economy Ministry's Legal and Technical Secretary, arrives at the office of a court-appointed mediator in New YorkBy Sarah Marsh BUENOS AIRES (Reuters) – Argentina looks set to default on its debt for the second time in 12 years next Thursday as negotiations with “holdout” investors seemingly go nowhere and neither side shows signs of blinking first, though a last minute deal can’t be discounted. After a slew of legal setbacks for Argentina in U.S. courts, the country has just days to comply with a 2012 ruling by U.S. District Judge Thomas Griesa to pay $1.33 billion plus interest to the funds it calls “vultures.” If the deadlock persists, Griesa will prevent Argentina from making a July 30 deadline for a coupon payment on exchanged bonds, triggering a new default just as the economy struggles with recession, dwindling reserves and soaring inflation. “A deal now seems unlikely.” Unlike Argentina’s 2001-2 debt crisis when it was broke and could not pay its civil servants, this time around the country is solvent but prevented by Griesa from servicing its bonds until the battle with the holdouts is resolved.

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U.S. durable goods orders rebound, core capital goods rise

25 Jul

Washers and dryers are seen on display at a store in New YorkThe Commerce Department said on Friday durable goods orders increased 0.7 percent as demand increased from transportation to machinery and computers and electronic products. The increase in orders for these goods, which range from toasters to aircraft that are meant to last three years or more, was above economists’ expectations for a 0.5 percent rise and followed a 1.0 percent drop in May. “This is consistent with broad, increasing demand throughout the economy,” said Gus Faucher, senior economist at PNC Financial Services in Pittsburgh. Non-defense capital goods orders excluding aircraft, a closely watched proxy for business spending plans, rebounded 1.4 percent after declining 1.2 percent the prior month. The gain in the so-called core capital goods outpaced economists’ expectations for only a 0.5 percent increase.

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GM's profit falls on recall costs, victims' compensation fund

24 Jul

The Chevrolet logo and the U.S. flag are seen in Gaithersburg, MarylandBy Ben Klayman DETROIT (Reuters) – General Motors Co reported a much lower second-quarter profit on Thursday due to numerous recalls and the expected cost of at least $400 million for a compensation fund for those killed or injured by a defective ignition switch linked to at least 13 deaths. GM also reiterated that it expected a moderately improved operating profit this year and that its future recall costs would be slightly higher than historic rates. “We’re on or ahead of the plan we shared in January,” Chief Financial Officer Chuck Stevens told reporters. “Our expectation is that the second half of the year will be better than the first half.” Morgan Stanley analyst Adam Jonas said strong vehicle pricing in North America “saves the quarter.” GM earlier this year recalled 2.6 million cars for the faulty ignition switches, which can cause engine stalls and stop power steering and power brakes from operating and air bags from deploying.

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