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USA : Business
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New York Post
NY Post: Business
Fed judge throws fit at Baum
Finally, someone has forced New York’s foreclosure king to say he’s sorry. The stunning apology was delivered by Steven J. Baum’s attorney, Vincent Doyle, in a Poughkeepsie courtroom late last month, after Baum’s team got on the wrong side of bankruptcy Judge Cecelia Morris. “I have...
No Middle-class jobs
While the White House celebrated Friday’s Bureau of Labor Statistics’ announcement that the unemployment rate slipped to 8.3 percent and 243,000 new jobs were created, there appears to be storm clouds on the horizon. Trouble is, the January jobs report wasn’t the most important press release...
The week's winners and losers
WINNERS MARK ZUCKERBERG Facebook IPO filed; CEO instantly becomes worth $28B on paper. ROGER GOODELL NFL commish’s on top of the world as Super Bowl rakes in record revenues. JOHN BROWETT Apple taps UK retailer to run its glass-enclosed shops. LOSERS ARTHUR SULZBERGER, Jr. NY Times chief announces company...
Medical malpractice
Millions of Americans facing a money squeeze are postponing doctor visits or not buying prescription drugs, which is possibly endangering their health. What’s more, a significant portion of those who are gambling with their well-being in this way are also part of the fastest-growing segment of the country’s...
Following their prophets to a profit
Small investors are hitting the investing jackpot by piggybacking with trading pros. Fast-growing social network-style sites are allowing them to win big by imitating hot-shot traders in various asset classes. These ordinary Joes, hungry for returns, can now employ sophisticated computer programs offered on the Web sites. The copycat investors...
Gotham’s Sun Alley
Watch out, Allen & Co., Discovery Communications CEO David Zaslav just convened a mogul soiree worthy of Sun Valley. Zaslav’s winter-themed party at his $35 million apartment on Central Park West attracted the cream of media, Madison Avenue and the banking crowd. Goldman Sachs chief Lloyd Blankfein was in good...
No soft SOPA, they play hardball
Now that the tech industry’s nerds have gotten their revenge against Hollywood’s bid to pass anti-piracy legislation, don’t look for a sequel in 2012.Congress scuttled consideration of the bills last month after widespread Web protests on Jan. 18, when viral unrest, led by Google’s blacked-out...
Big (smoke) screen on warranty
If you are one of the many who purchased big-screen TVs to watch today’s Super Bowl, two things are almost certain: You got a deep discount on the set, and the dealer tried to boost his profit margin by selling you an extended warranty.That warranty, many experts agree...
Numbers tell two sides of employment story
The good news for millions of out-of-work Americans: Job prospects are improving, with the unemployment rate showing a surprise drop to a three-year low of 8.3 percent. The bad news: Many job-seekers may have to settle for lower-paying jobs and even then may have to wait another two or...
Miami Herald
MiamiHerald.com: Business
Stalker accused of bizarre plot to woo doctor — by kidnapping her
Convicted stalker Felix Velazquez hoped the plan to kidnap his former girlfriend would have a happy ending — winning back her affections and bringing about a reconciliation.
Who gets the engagement ring if the marriage is called off
Engagement ring ownership disputes are often hotly contested due to the emotional aspect of a failed relationship and the ring’s sentimental and economic value.
Advice from the judges on business plans, entrepreneurship
Here is advice on writing a business plan from the 2012 Miami Herald Business Plan Challenge judges:
Brush Fire Near Card Sound Road Controlled
Continuing dry conditions helped the spread of a brush fire near Card Sound Road and US1 south of Florida City, but late Saturday afternoon, firefighters who worked all day on the blaze believed they had it mostly contained.
For Challenge’s teen winners, the world is their oyster
Team behind First Place Kit Korp prepares for life’s next chapter — there’s no kit for that.
Lessons learned: Be nimble,
Challenge Champion Raw Apps found ways to execute its strategy in the mobile market.
Meet the judges: Community Track
<span class="leadin">Susan Amat </span>is co-founder and executive director of The Launch Pad at Toppel, an entrepreneurial career center at the University of Miami that has helped hundreds of startups. Amat ventured into the music business as a concert promoter at age 15. A serial entrepreneur, she started and ran a successful record label and developed a television show that aired on the E! Network as well as the first CD-Rom magazine. She teaches business strategy, entrepreneurship and organizational behavior at UM and leads Startup Florida.
Meet the judges: FIU Track
<span class="leadin">John C. Fleming</span>, a serial entrepreneur, is the technology practice lead at Biztegra Partners, a social web agency based in West Palm Beach. He started his career as a software developer in 1979 and has worked nationally and internationally in engineering, sales, marketing, services and general management in industries ranging from high tech to real estate. Fleming has started companies, raised money and has been part of teams that built products that became market leaders in their space.
High School Track
<span class="leadin">Felipe F. Basulto </span>is the retail market manager for TD Bank, overseeing the Miami-Dade locations and responsible for growth, profitability and continued expansion of TD Bank’s retail network in the local market. Basulto held similar positions with Regions Bank and Bank of America. He serves on the board for the Greater Miami Chamber of Commerce, is chair-elect of the South Florida Hispanic Chamber, serves as a trustee with United Way, is chair for the March of Dimes Walk for 2012 and serves on Network for Teaching Entrepreneurship (NFTE) South Florida’s board.
New York Times
NYT > Your Money
Mortgage Tornado Warning, Unheeded
Inspired by a personal experience, a businessman began delving into the practices of the mortgage industry, including Fannie Mae. His findings have been prescient.
Fair Game: An Investment Wipeout That Didn’t Have to Happen
An investor won an arbitration case over money lost in a complex security. But he’s still angry at financial institutions.
Strategies: I.P.O. Euphoria, Without Much Memory — Strategies
Amid the Wall Street excitement over Facebook’s planned initial public offering, it may be a good time to take a look at I.P.O. history.
Your Money: Want Better Car Insurance Rates? You Have to Make the Call - Your Money
A retiree qualified for lower car insurance premiums, but found that out only after a chance piece of mail prodded him to call his insurer.
Wealth Matters: Advantages and Risks of Gingrich’s S Corporation
Newt Gingrich set up his speaking and consulting business as an S corporation, which exempted this portion of his income from Medicare taxes, an unusual move for a business based on services.
Strategies: How Long Can the Stock Market Forget About the Pain?
Despite buoyant returns for stocks so far this year, it’s hardly time for investors to whistle, “Don’t worry, be happy.” Big problems linger from 2011.
New Treasury Rules Ease Purchase of Annuity With 401(k)
New regulations are intended to make it easier for retirees to transfer money from their 401(k)s into an annuity that would guarantee payments until they die.
Economic View: Higher Taxes Help the Richest, Too - Economic View
Letting tax cuts expire would have little effect on the wealthiest Americans’ ability to spend, but would ultimately give them better roads and cleaner air.
Fair Game: Mortgage Task Force Has Fancy Name, but Will It Get Tough?
President Obama’s new task force has much to tackle in the mortgage mess — and soon, if it wants to allay suspicions that the authorities have given powerful institutions a pass.
San Diego Union-Tribune
utsandiego.com stories: Business
Qualcomm not talking about bribery probe
Foreign Corrupt Practices Act cases getting more attention.
Super Bowl economics: Lessons from Indianapolis for San Diego
Is a $700 million stadium investment worth it?
Scientists, online experts gather in SD
Three different gatherings focus on scientific innovations, the latest in online marketing and help for troubled homeowners
Bilbray went to bat for energy aid
Rep. Brian Bilbray, who said he worried about political pressure on the Department of Energy in approving $535 million in loan guarantees to solar-panel manufacturer Solyndra, himself requested U.S. aid for energy-efficient vehicle companies in San Diego.
For Facebook 'Hacker Way' is way of life
Facebook's billionaire CEO Mark Zuckerberg calls himself a hacker.
Hackers apparently hit Swedish government site
A group linked to the hacker network Anonymous says it has attacked the Swedish government's website and shut it down by overloading it.
EconoMeter: How much should the wealthy be taxed?
Mitt Romney's 15% tax rate prompts look at how much is too much
SD restaurants expecting rebound in 2012
Local restaurateurs agree with national forecast showing a continued uptick in restaurant sales this year
Nuclear plant offers no timetable on leak fix
Temperatures are still too hot -- at 105 degrees -- inside a San Onofre nuclear reactor for inspection crews to begin searching for the source of a radioactive steam leak that shut the plant down.
WSJ
WSJ.com: US Business
Micron CEO Dies in Crash
Steven R. Appleton, chairman and chief executive of Micron Technology died Friday when the high-performance airplane he was piloting crashed at Boise, Idaho's airport.
Caterpillar Closes Plant in Canada After Lockout
Caterpillar said it will close a locomotive plant in London, Ontario, following a lockout, eliminating about 450 jobs that mostly paid twice the rate of a U.S. counterpart.
Dealer Group Expects New Vehicle Sales to Hit 13.9 Million
U.S. automotive sales should hit 13.9 million new vehicles this year as low interest rates and a mild recession in Europe keep the American economy humming.
Injunction Interrupts Apple Sales in Germany
Some Apple devices were unavailable for sale briefly on Friday in Germany, as part of a patent tussle with Motorola Mobility.
Toyota Expects Record Sales in 2012
Toyota said it plans to sell 9.58 million vehicles globally, including those by its subsidiaries—a rise of 21% from last year.
Walgreen Same-Store Sales Decline
Walgreen's same-store sales slid 4.6% in January as the drugstore chain's prescriptions sales were battered by the loss of major customer Express Scripts.
FDA: No Ban on Orange-Juice Imports
Orange-juice futures settled lower as traders discounted the prospects for a ban on juice imports into the U.S. It appears they weren't off the mark.
Worn Pipes Shut California Reactors
The two reactors at the San Onofre nuclear-power station will stay shut down this weekend while federal safety officials investigate why critical—and relatively new—equipment is showing signs of premature wear.
Restructuring Costs Weigh on Weyerhaeuser
Weyerhaeuser's fourth-quarter earnings fell 62% as the company booked restructuring charges and write-downs, while the wood-products segment posted softer sales.
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