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Archive for the ‘Entrepreneur’ Category

Companies Built on Sharing Balk When It Comes to Regulators

22 Apr

In the sharing economy, safety issues, taxes and regulation have tended to be an afterthought. But now, regulators and officials are questioning the practices of start-ups like Airbnb and Uber.

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Novartis and GSK trade assets as pharma industry reshapes

22 Apr

Logo of Swiss drugmaker Novartis is seen at its headquarters in BaselBy Caroline Copley and Paul Sandle ZURICH/LONDON (Reuters) – Novartis and GlaxoSmithKline traded over $20 billion worth of assets on Tuesday, aiming to bolster their best businesses and exit weaker ones as the drugs industry reshapes to cope with healthcare spending cuts and generic competition. The deals, which include Novartis buying GSK’s cancer drugs and GSK acquiring Novartis’ vaccines business, came hot on the heels of a newspaper report that AstraZeneca had turned down a $101 billion bid approach from Pfizer – a story that sent shares across the sector surging. The overhaul at Novartis marks the end of a year-long review of its sprawling portfolio after the departure of long-time CEO and chairman Daniel Vasella, the architect of the merger of Ciba-Geigy and Sandoz which led to Novartis’ formation in 1996. The deal will strengthen Novartis’s world No.2 position in cancer behind cross-town rival Roche.

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Wall St flat as investors await earnings

21 Apr

Traders work on the floor of the New York Stock ExchangeBy Ryan Vlastelica NEW YORK (Reuters) – U.S. stocks were flat on Monday ahead of key earnings releases as investors found few reasons to push indexes sharply higher following a strong rally last week. The S&P 500 posted its best week since July last week, boosted by results from such names as General Electric Co and Morgan Stanley .

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Market Your eCommerce Business

21 Apr

Have you recently started a small eCommerce business? Are you finding it difficult to market and getting increasingly more frustrated? Three successful business owners are here to help you! They’re sharing some tips and tricks they learned along the way to help you and your business become more successful.

Three owners discuss the very different tactics they have employed.
    



Source: http://boss.blogs.nytimes.com/2014/04/04/finding-ways-to-market-an-e-commerce-business/?partner=rss&emc=rss

 
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Pipeline delay gives boost to Obama's political base

20 Apr

A TransCanada Keystone Pipeline pump station operates outside Steele City, NebraskaBy Jeff Mason and Steve Holland WASHINGTON (Reuters) – The latest delay to a final decision on the Keystone XL oil pipeline will reinforce a White House strategy to energize President Barack Obama’s liberal-leaning base before fall elections in which Democrats risk losing control of the U.S. Senate. Environmentalists, worried about the project’s effect on climate change, have put enormous pressure on the president to reject the pipeline from Canada’s oil sands, staging demonstrations outside the White House and protests in states where he travels. A decision to approve it now could have prompted that vocal group, which was instrumental in electing Obama in 2008 and 2012, to sit out the November 4 congressional elections. The State Department’s announcement on Friday that it would give government agencies more time to study the project was seen by strategists from both parties as a move to prevent that and boost Obama in the eyes of his supporters.

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Wall Street Week Ahead: Spring fever brings hope for U.S. earnings

18 Apr

Traders gather at the booth that trades Abbott Laboratories on the floor of the New York Stock ExchangeBy Chuck Mikolajczak NEW YORK (Reuters) – Earnings season shifts into high gear next week, and with nearly one-third of S&P 500 names set to post results, investors hope the news provides a catalyst to buy stocks and leave the market’s recent weakness in the dust. Several behemoths, including Apple, the largest U.S. company by market value, as well as Microsoft, McDonald’s and AT&T , are due to report earnings. They’ll be accompanied by highfliers like Netflix and Facebook, giving the first real cross-section of the state of corporate America as temperatures rise across the country and investors hope to put the cold weather behind them. Strategists will also be looking for clues on how badly China’s slowdown hits U.S. corporate results.

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The Electronic Towel Has Arrived

18 Apr

You read that right. Someone has invented a device to replace the towel. Towels are breeding grounds for all kinds of bacteria. The Body Dryer, which resembles a scale, shoots air up to rid your body of all excess water. To find out more about how The Body Dryer works and how it will replace your bathroom towel, read here!

Showering is great, I’m a big fan. But drying off? Laaaaammmmmeeee. All that towelling, it’s enough to make you need another shower, am I right? New York-based startup The Body Dryer realizes this, and they’ve created a device to help you skip the towel and get dry a better way. The Body Dryer dries you from the ground up, using a device that resembles a bathroom scale but that. Read More

Source: http://techcrunch.com/2014/04/04/finally-someone-is-disrupting-the-towel/ncid=rss

 
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For Goldman Sachs and Morgan Stanley, boring is beautiful

17 Apr

The Goldman Sachs logo is displayed on a post above the floor of the New York Stock ExchangeInvestment banks Morgan Stanley and Goldman Sachs Group Inc posted better-than-expected quarterly earnings on Thursday, helped by gains in merger advisory and stock underwriting. The results underscored how businesses viewed as stodgy before the financial crisis are becoming critical drivers of earnings growth for investment banks now. Goldman’s fixed-income trading revenue plunged during the first quarter, both for trades it did for customers and investments on its own account. But the bank’s investment management and its stock underwriting and merger advisory businesses logged big gains.

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Morgan Stanley profit soars on wealth management, trading

17 Apr

The corporate logo of financial firm Morgan Stanley is pictured on a building in San DiegoBy Lauren Tara LaCapra and Anil D’Silva (Reuters) – Morgan Stanley reported a 55 percent jump in first-quarter earnings as higher revenue from its institutional securities business augmented another strong quarter from wealth management, sending shares in the Wall Street bank higher. Morgan Stanley’s shares rose 2.8 percent to $30.74 in pre-market trading on Thursday. Although volumes were lower across most fixed-income businesses, Morgan Stanley said revenue from fixed-income and commodities sales and trading rose to $1.7 billion, a 13 percent increase from a year earlier. Chief Financial Officer Ruth Porat attributed this growth to “commodities, credit and mortgage”.

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U.S. industry shows some vigor, but housing soft

16 Apr

Workers install a roof on a multi-family building in BroomfieldGroundbreaking for new homes also increased but remained well below the post-recession peak hit in November, signaling the drag the housing market is placing on the economy. Output at the nation’s factories, mines and utilities rose 0.7 percent last month after an upwardly revised gain of 1.2 percent in February, the Federal Reserve said on Wednesday. Economists had expected industrial production to rise 0.5 percent.

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