Stratasys’s millionaires; The 3D printer company’s secondary offering is an opportunity to look at its remarkable stock market performance, and the people who benefit from it

Stratasys’s millionaires

The 3D printer company’s secondary offering is an opportunity to look at its remarkable stock market performance, and the people who benefit from it.

16 September 13 14:01, Tali Tsipori

So far as is known, the 3D printers made by Stratasys Inc. (Nasdaq: SSYS) are not used for printing money or coins (not even as toys), but the company and its share’s performance, especially since the merger between Stratasys of the US and Israel’s Objet, have turned the Rehovot-based company into a constantly working printing press (at least so far), and in terms of the capital market, into a major creator of value. Read more of this post

Startup Kiosked links images on the Web to online stores; “We timestamp every single event, how the mouse moves, what is clicked and so on. We know in real time what products sell at which price and in which color where.”

Kiosked Linking Kobe Clips to Nike Store Draws Investors

Kiosked Oy, a startup that links images on the Web to online stores, plans to triple its workforce after attracting a Digital Sky Technologies partner to its board in its second round of multimillion-dollar funding. The Finnish company collected $6.9 million from private investors including John Lindfors, who is joining the board with event producer Kevin Wall. Lindfors has been at Digital Sky, billionaire Yuri Milner’s investment firm that backed Facebook Inc., for three years, and previously ran Goldman Sachs Group Inc.’s Europe technology investment banking. Read more of this post

Smartphone Cameras at 41-Megapixels Pressure Canon, Nikon

Smartphone Cameras at 41-Megapixels Pressure Canon, Nikon

The global camera business, centered in Japan, is headed for a shakeout. With industry revenue falling to the lowest level in a decade amid surging smartphone sales, Nikon Corp. (7731), the world’s No. 2 camera maker, has cut prices to lure consumers. Market leader Canon Inc. (7751) may follow suit to keep pace, according to UBS AG, putting pressure on smaller producers and possibly leading them to retreat from the business. Read more of this post

San Francisco’s Blighted Market Street Reborn as Tech Hub

San Francisco’s Blighted Market Street Reborn as Tech Hub

An office shortage in San Francisco’s traditional technology district is aiding the revival of a blighted neighborhood known as Central Market, as young companies migrate to a new hub with fast-growing rents. Asking rates on Market Street between Fifth Street and Van Ness Avenue — northwest of the popular technology area called South of Market — jumped 18 percent in the second quarter from a year earlier to an average of $46.48 a square foot, data from brokerage CBRE Group Inc. show. Internet firms have driven gains, with mobile-payment service Square Inc. moving this month to a converted bank data center. Read more of this post

Priceline became the first company listed in the S&P 500 to trade at $1,000 in the index’s 56-year history.

September 18, 2013, 7:24 p.m. ET

Priceline’s Share Price Crosses $1,000 Mark

BEN FOX RUBIN

Priceline.com Inc., PCLN +2.56% the online travel agent, on Wednesday became the first company listed in the S&P 500 to trade at $1,000 in the index’s 56-year history. The company reached a high of $1,001, before settling at $995.09, up 2.6%. It’s up 60% so far this year. Its previous intraday high was $994.98, reached last month after Priceline’s better-than-expected earnings report. Read more of this post

Microsoft to Develop More TV Programs as It Readies Xbox One

Microsoft to Develop More TV Programs as It Readies Xbox One

Microsoft Corp. (MSFT) said it will expand its TV programming beyond the show based on its best-selling “Halo” game as it tries to position the new Xbox One console as a portal for games, videos and music. Phil Spencer, corporate vice president at Microsoft Studios, declined to elaborate in an interview in Tokyo today before the Tokyo Game Show. Microsoft is returning to the show this year as it competes against Sony Corp. (6758)’s new PlayStation 4 console and online games in a $63 billion industry. Read more of this post

Kevin Spacey’s Scheming Politico Lures Europe TV to Netflix

Kevin Spacey’s Scheming Politico Lures Europe TV to Netflix

Kevin Spacey is poised to scheme his way into more European homes as the politician-star of “House of Cards” should Virgin Media Inc.’s novel deal integrating Netflix Inc. (NFLX) into its cable offerings pay off. Netflix’s subscription-video service has only been available via the Web until last week, when it signed an accord with Liberty Global Plc (LBTYA)’s U.K. pay-TV provider to place its original content, film and TV archive on Virgin Media users’ TiVo Inc. (TIVO) set-top boxes. It’s a new model of collaboration and a talking point as European cable executives gather today in Barcelona for CTAM Europe’s annual cable marketing conference. Read more of this post

How Etsy crafts an artsy, homegrown culture

How Etsy crafts an artsy, homegrown culture

By Jessi Hempel, senior writer   @FortuneMagazine September 19, 2013: 7:13 AM ET

Each Friday two Etsy employees outfitted in full-body jumpsuits load roughly 150 pounds of paper towels, banana peels, eggshells, and other organic waste into an orange wagon welded to the front of a bike. They peddle their trash across the cobblestones of Brooklyn’s Dumbo neighborhood to nearby Red Hook to unload it at a community farm. “I was looking for a way to minimize our wasteful ways, lower the carbon footprint, and curb our modern decadence,” says Jakob von Eichel, a former employee who founded the program. Read more of this post

Chinese Consumers Shrug at Apple; Chinese reaction to the new iPhones show that Apple could learn a thing or two from its competitors

September 18, 2013, 12:29 p.m. ET

Chinese Consumers Shrug at Apple

Chinese reaction to the new iPhones show that Apple could learn a thing or two from its competitors.

PAUL FRENCH

Apple‘s AAPL +2.06% China journey has been a rather rocky one. Sure, the tech giant has sold a lot of kit, but it has never been without problems in the background. Start with the 2011 n-hexane scandal, in which a manufacturer of iPhone screens poisoned workers. Apple incited widespread ire by responding slowly and ignoring journalists. This was followed by more employee rights and health and safety issues at the Foxconn assembly lines, as well as problems with the highly vocal China Consumers’ Association over warranties that appeared to disadvantage Chinese customers. Read more of this post

Apple’s Memory Markup Puts Margins Ahead of Market Share

Apple’s Memory Markup Puts Margins Ahead of Market Share

Buying memory to store more photos, videos and applications on a smartphone costs most consumers about $50. For Apple Inc. (AAPL) customers, it costs four times more than that. The discrepancy is what consumers will find again in stores starting Sept. 20, when the world’s most-valuable company begins selling its new iPhone 5s and 5c. While a 5s with 16 gigabytes of memory will cost $199 with a wireless contract, that jumps to $399 for 64 gigabytes of memory. The 5c also ranges in price depending on the amount of memory. Read more of this post

A 90-year-old helium reservoir in Texas could shut down next month causing disruptions and raising costs for makers of high-tech products from MRI scanners to semiconductors and threaten medical treatments and research

Tech firms, medical research threatened by helium shortage

5:52am EDT

By Nina Chestney

LONDON (Reuters) – A 90-year-old helium reservoir in Texas could shut down next month causing disruptions and raising costs for makers of high-tech products from MRI scanners to semiconductors and threaten medical treatments and research. More than 100 organisations, universities and companies, including Siemens, Philips, Samsung, and General Electric, wrote to the U.S. Congress last week urging it to keep the reservoir open or risk a disruption to the U.S. economy, putting millions of jobs at risk. Read more of this post

Content Creators Use Piracy to Gauge Consumer Interest

SEPTEMBER 17, 2013, 4:18 PM

Content Creators Use Piracy to Gauge Consumer Interest

By NICK BILTON

You would think that Netflix, HBO and the like don’t think too highly of video piracy Web sites. After all, two of the biggest hits on Netflix — Orange Is the New Black, a show about a women locked up in prison, andHouse of Cards, about a conniving politician — are among the most pirated content online. HBO’s Game of Thrones was the most pirated show of 2012. But last week, a senior Netflix executive said the company itself used pirating Web sites  — to determine the genre of new shows viewers might be interested in, and the type of content Netflix produces or licenses. Read more of this post

As TV world shifts, HBO retains its Emmy swagger

As TV world shifts, HBO retains its Emmy swagger

6:45pm EDT

By Piya Sinha-Roy and Lisa Richwine

LOS ANGELES (Reuters) – When fictional columnist Carrie Bradshaw helped HBO grab its first series Emmy award in 2001 for comedy “Sex and the City,” the premium cable network’s main competition came from broadcast networks CBS, NBC, ABC and Fox. Today, the field fighting for Emmy glory includes contenders from the past few years like basic cable channels AMC and FX, but also the much talked-about rookie, the video streaming service Netflix. And then there’s a resurgent PBS, the U.S. public television channel. Read more of this post

Tencent’s worth: A Chinese internet firm finds a better way to make money

Tencent’s worth: A Chinese internet firm finds a better way to make money

Sep 21st 2013 | SHANGHAI |From the print edition

20130921_WBC428_1

IS TENCENT one of the world’s greatest internet firms? There are grounds for scepticism. The Chinese gaming and social-media firm started in the same way many local internet firms have: by copying Western success. QQ, its instant-messaging service, was a clone of ICQ, an Israeli invention acquired by AOL of America. And unlike global internet giants such as Google and Twitter, Tencent still makes its money in its protected home market. Read more of this post

The same brain functions that enable people to be socially successful can also lead to financial ruin, according to a study

Brain Scans Show Social Signals Used to Build Bubbles

The same brain functions that enable people to be socially successful can also lead to financial ruin, according to a study. The ability to understand the intentions or thoughts of others, known as “theory of mind,” is a fundamental tool of social interaction. As financial bubbles are forming, activity is heightened in the area of the brain associated with theory of mind, according to a study of 21 men participating in experimental markets. The research, led by Benedetto De Martino at the California Institute of Technology, was published today in the journal Neuron. Read more of this post

Will the U.S. Squander Its Energy Bounty?

Will the U.S. Squander Its Energy Bounty?

Almost every aspect of the U.S. energy landscape is changing drastically — except government policy. Consider: The global price of oil has soared to more than $100 today from $30 a barrel in 2004. As a result, the U.S.’s annual bill for oil imports has risen to $365 billion, even though domestic oil production has jumped in the past two years to 7.5 million barrels a day from 5.5 million barrels. Meanwhile, the price of natural gas has plummeted. The tight shale gas boom in the U.S. has caused the domestic price of gas to drop to less than $4 per million cubic feet today from $10 per million cubic feet in 2010. By replacing a diesel or gasoline engine with one that accommodates compressed gas, Americans can drive for the equivalent of 50 cents a gallon. Read more of this post

Buffett’s 9% Heinz Dividend Means 3G Cutting Jobs, Mini-Fridges

Buffett’s 9% Heinz Dividend Means 3G Cutting Jobs, Mini-Fridges

HJ Heinz Co.’s longtime leader Bill Johnson stood in the Veranda ballroom at the Four Seasons Hotel San Francisco, addressing the ketchup maker’s top 50 executives for the last time. Around the corner in a smaller room, his successor as chief executive officer, Bernardo Hees, waited to tell some of the same managers whether they still had jobs. What was slated as an annual leadership meeting became an opportunity for Hees to dismiss 11 senior executives, according to three people familiar with the gathering, who asked not to be identified because it was private. The June 17 session was about a week after Heinz’s $23.3 billion sale to Warren Buffett’s Berkshire Hathaway Inc. (BRK/A) and Jorge Paulo Lemann’s 3G Capital. Read more of this post

Norway’s Salmon Stocks Repel Market Plunge on Production

Norway’s Salmon Stocks Repel Market Plunge on Production

Marine Harvest ASA (MHG), the world’s biggest salmon farmer, and other producers are surviving a slump in fish prices over the last two months as a supply overhang is seen coming to an end. Spot prices for Atlantic salmon plunged 32 percent from a record in July as warmer sea temperatures hastened fish growth and boosted volumes, according to data from the Bergen, Norway-based Fish Pool ASA salmon exchange. The Oslo Stock Exchange’s 15-member Seafood Index has fallen 0.6 percent since mid-July, helped by an outlook for a “pretty tight” market next year, Swedbank AB (SWEDA) said. Read more of this post

Shares in Small China Consumer Stocks Lure Investors, Pose Risks

Sep 18, 2013

Shares in Small China Consumer Stocks Lure Investors, Pose Risks

By Mia Lamar and Isabella Steger

Investors hungry for China-related consumer stocks have snapped up shares in Tenwow International Holdings Ltd.1219.HK -1.91%, a Chinese food and beverage maker, sending them 17% above their offer price in their debut on Tuesday and another 3% higher on Wednesday. Those gains could be short-lived, though, if previous performances by small companies in the sector are any guide. Edward Fung, investment advisory chief at brokerage Kim Eng Holdings Ltd., warned on Wednesday that shares in new listings often move in line with the short-term focus of traders, with little relationship to company fundamentals. “Just a reminder to those who are in the game,” Mr. Fung said. Read more of this post

PetroChina supplier Wison says records seized, can’t contact chairman; Wison CFO Resigns as Bank Accounts Frozen in China Probe

PetroChina supplier Wison says records seized, can’t contact chairman

8:45pm EDT

HONG KONG (Reuters) – Wison Engineering Services Co Ltd (2236.HK: QuoteProfileResearchStock Buzz), a supplier to PetroChina (601857.SS: QuoteProfile,ResearchStock Buzz)(0857.HK: QuoteProfileResearch,Stock Buzz), said Chinese authorities had taken company records and temporarily frozen some its bank accounts amid a widening probe into the giant oil producer and its parent, China National Petroleum Corp (CNPC). Read more of this post

Ningxia to be ‘world’s factory’ for halal food; There are about 22 million Muslims in China.

Ningxia to be ‘world’s factory’ for halal food

Wednesday, September 18, 2013 – 09:02

The Straits Times

YINCHUAN – North-west China’s Ningxia region, home to about two million Chinese Muslims, is planning to be a global halal food centre, including upgrading a halal industrial park and perfecting domestic halal standards. Officials and businessmen of Ningxia spoke about their vision just before the first China-Arab States Expo opened on Sunday in Yinchuan, capital of Ningxia. Read more of this post

Coase’s Chinese Legacy

Coase’s Chinese Legacy

18 September 2013

Andrew Sheng, Xiao Geng

HONG KONG – The recent death of Ronald H. Coase, the founding father of new institutional economics, is a great loss to Chinese economists who are seeking an effective framework for understanding China’s ongoing economic transformation. His legacy – insights into the role of firms, financial institutions, and the state in shaping the market and driving economic development – will prove crucial as China works to achieve high-income status. Read more of this post

Let money leave China to ease Fed ‘taper’ pressure

September 18, 2013 8:54 am

Let money leave China to ease Fed ‘taper’ pressure

By Charles Dumas

Impact could be transformative for global financial markets

China is teetering on the brink of a radical policy change that could transform not just China, but also world financial markets. Current global pressure on emerging markets is felt most acutely in China. In the comparable late 1990s, the Asian crisis largely passed China by. Its hefty devaluation in 1994 had left it highly competitive. The latest upswing of US interest rates will again hit the overvalued emerging markets hardest. This time China is the most exposed. Read more of this post

China’s Phony War on Corruption; Beijing’s anti-graft efforts are really about the Party’s power.

Updated September 18, 2013, 6:47 p.m. ET

China’s Phony War on Corruption

Beijing’s anti-graft efforts are really about the Party’s power.

The Mid-Autumn Festival on Thursday is an occasion when Chinese exchange gifts of mooncakes, a calorie-laden treat. But this year tradition collided with a government campaign against the “four decadences”: formalism, bureaucratism, hedonism and extravagance. As a result, sales of luxury mooncakes that are often given as bribes fell around 20% and retailers are desperately cutting prices. Read more of this post

China Credit Slowdown Signals Drop in Macau VIP Spending

China Credit Slowdown Signals Drop in Macau VIP Spending

Macau’s high-stakes gambling volume should expand through year’s end, then slow in 2014 as China’s decelerating loan activity filters into the economy, according to Wells Fargo & Co. The CHART OF THE DAY compares growth of Macau’s junket volumes and China’s so-called social financing, a measure of credit activity, on a 12-month trailing basis. Gambling by “high rollers” typically shifts in conjunction with lending on the mainland, though with a lag time of about six to 12 months, Wells Fargo says. That means gaming volume should rise through part or all of the fourth quarter, as credit growth peaked in April. The lower panel tracks shares performances of the four Macau casino operators that rely most on VIP tours, normalized from the start of 2012, according to Bloomberg Industries. Read more of this post

A recent shouting match between senior bankers involved in Huishan Dairy IPO illustrates the competitive squeeze on banks from Chinese companies offering incentives ahead of lucrative IPOs

Goldman, HSBC spat over Huishan IPO highlights Chinese squeeze on banks

4:41am EDT

By Michael Flaherty and Elzio Barreto

HONG KONG (Reuters) – A recent shouting match between senior bankers involved in Hong Kong’s second-largest IPO so far this year illustrates the competitive squeeze on banks from Chinese companies offering incentives ahead of lucrative initial public offerings. At a routine September 6 meeting of around 20 underwriters to China Huishan Dairy Holdings Co Ltd’s (6863.HK: QuoteProfileResearchStock Buzz) planned $1.3 billion IPO, tempers flared between two bankers from HSBC (HSBA.L: QuoteProfileResearchStock Buzz) and Goldman Sachs (GS.N: QuoteProfileResearchStock Buzz), said people who were at the meeting and others briefed on the incident. One said the row escalated to the point where the Goldman banker threatened to have his HSBC rival fired. Read more of this post

When Is a Mooncake Just a Mooncake? Companies doing business in China are reconsidering the wisdom of giving even small gifts such as mooncakes.

September 19, 2013, 5:37 PM

When Is a Mooncake Just a Mooncake?

Companies doing business in China are reconsidering the wisdom of giving even small gifts such as mooncakes.

Mooncakes, dense Chinese cakes commonly stuffed with salted egg yolks to represent the full moon, are popular gifts during the Mid-Autumn Festival. But in the corporate world, “mooncakes have been a hard sell this year” after Chinese authorities in August banned their purchase with public funds, says Qiang Li, managing partner at law firm O’Melveny & Myers’ Shanghai office. Read more of this post

Stocks Surge Past Economic Benefit on Tokyo Olympic Pick

Stocks Surge Past Economic Benefit on Tokyo Olympic Pick

Japanese shares seen as benefiting from the 2020 Olympics surged too far, too fast after Tokyo won hosting rights, with the rally outweighing the estimated economic impact, according to Shinkin Asset Management Co. About 13 trillion yen ($131 billion) was added to the market capitalization of the Topix index last week after the city’s winning bid was announced, data compiled by Bloomberg show. One-third to half the gains were from investors trading on the Olympics news, Shinkin Asset said. The Tokyo Metropolitan Government projects the event will boost Japan’s economy by 2.96 trillion yen in the next seven years. Read more of this post

Abe Asks Tepco to Shut All Fukushima Reactors to Focus on Crisis

Abe Asks Tepco to Shut All Fukushima Reactors to Focus on Crisis

Japan’s Prime Minister Shinzo Abe on a visit to the wrecked Fukushima Dai-Ichi atomic station told Tokyo Electric Power Co. its priority is to halt leaks of radioactive water from the plant into the ocean. He also urged the company to decommission the two remaining reactors at the site, following the four it wrote off in April 2012 due to damage from the earthquake and tsunami. Reactors 5 and 6 that Abe referred to were safely shut down during the disaster on March 11, 2011. Read more of this post

Ranbaxy’s chronic maladies: An Indian firm at the forefront of the revolution in cheap generic medicines hits fresh troubles

Ranbaxy’s chronic maladies: An Indian firm at the forefront of the revolution in cheap generic medicines hits fresh troubles

Sep 21st 2013 | NEW YORK |From the print edition

THIS is a golden age for makers of cheap copies of bestselling medicines whose patents have expired. Many of the world’s branded pills are falling off the “patent cliff”, at a time when governments are desperate to cut soaring health costs. Ranbaxy looked like a rising star of the boom in generic medicines when Daiichi Sankyo of Japan paid $4.6 billion for a 64% stake in the Indian firm in 2008. Since then Ranbaxy has suffered a series of safety scares and run-ins with regulators. This week it had another grave setback, as American regulators announced a ban on imports from a new factory that was supposed to solve Ranbaxy’s quality problems. Read more of this post

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