Simplify your investing to avoid ‘opportunities for failure’

Simplify your investing to avoid ‘opportunities for failure’

abnormalreturns

December 5th, 2013

Retail investors are back. Josh Brown at The Reformed Broker in a recent post highlights the rush of investors back into the stock market, five years and nearly a 100% return up from the bottom. Unfortunately this is not altogether surprising. Investors are prone to sell amidst panic conditions and buy amidst euphoria. The point isn’t that the stock market will sell-off tomorrow just that our natural tendencies work against us investors. Read more of this post

The power of cockroach excreta may explain an entomological mystery

The power of cockroach excreta may explain an entomological mystery

Dec 7th 2013 | From the print edition

SMEARING the place you inhabit with faeces is, among people, an act of desperation rarely seen outside the confines of a prison. Some cockroaches, though, do it all the time. Rebeca Rosengaus of Northeastern University, in Boston, thinks she knows why. As she and her colleagues discovered in a study just published in Naturwissenschaften, wood-cockroach faeces protect the insects from a parasitic fungus. This finding, she thinks, may also explain the existence of one of the world’s most successful groups of animals: termites. Read more of this post

‘Everyone’s fighting over the skeletons of the Industrial Revolution’

‘Everyone’s fighting over the skeletons of the Industrial Revolution’

By Brian Fung, Updated: December 6 at 11:08 am

The factory in Lawrence, Mass., was supposed to be an ordinary harvest. They’d heard of the shuttered plant through a woman at a cocktail party whose late father had worked there. Once upon a time, it had been inhabited by the Dillon Machine Co., a firm founded in 1890 to produce paper-milling equipment. Now its owners were liquidating everything inside, and for $5,000, Carter Anderson and Glen Stone could take whatever they wanted. Read more of this post

Trio That Keeps Cool of Calvin Klein Alive: Meet the team of fashion designers—Kevin Carrigan, Francisco Costa and Italo Zucchelli—who together have kept the cool of Calvin Klein alive and built the brand into a global juggernaut

The Threesome Behind Calvin Klein

Meet the team of fashion designers—Kevin Carrigan, Francisco Costa and Italo Zucchelli—who together have kept the cool of Calvin Klein alive and built the brand into a global juggernaut

ELISA LIPSKY-KARASZ

Dec. 5, 2013 11:39 a.m. ET

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HOUSE PROUD | From left: Francisco Costa, Italo Zucchelli and Kevin Carrigan, the creative directors of Calvin Klein’s fashion lines, with longtime house muse Christy Turlington in a Calvin Klein Collection top and skirt. Calvin Klein Collection top, $2,995, and skirt, $1,495, 212-292-9000 Photography by Dan Jackson, Styling by Tina Laakkonen for WSJ. Magazine

ELEVEN YEARS AGO, when Calvin Klein, along with his longtime business partner, Barry Schwartz, sold his company to Phillips-Van Heusen PVH -1.02% (PVH), the designer had just turned 60. In 36 years at the helm of his fashion line, he had gone from selling coats in the now-defunct New York store Bonwit Teller to having his name recognized around the world. In a way, it was time. Klein had endured a bitter lawsuit with his largest licensee, the Warnaco Group, and unbeknownst to the public, his company’s earnings had begun to slip. In the next year, he would give an interview describing his battles with addiction. PVH’s $700 million offer must have seemed like a lucrative reason to lay down his sword. “He’s at the top of his game. He’s a living logotype, and now he wants to rest a bit,” said his spokesman, Paul Wilmot, at the time. But the question everyone outside the company asked was could Calvin Klein Inc., survive without its charismatic founder?   Read more of this post

From Iron Ore to Eggs, Asia Builds Commodity Pricing Clout

From Iron Ore to Eggs, Asia Builds Commodity Pricing Clout

By Manolo Serapio Jr & Melanie Burton

 on 1:54 pm December 4, 2013.
Singapore. From iron ore to eggs, Asia’s new commodity derivatives are drawing in global exchanges eager to profit from rising trade volumes and a likely shift of pricing benchmarks from the West. Read more of this post

Frank Lowy’s succession plan evolves as Australian and overseas assets are split

Andrew Heathcote Rich Lists editor

Frank Lowy’s succession plan evolves as Australian and overseas assets are split

Published 04 December 2013 11:55, Updated 04 December 2013 12:13

Frank Lowy will chair both of the new Westfield companies. Jim Rice

Business owners wanting a practical example about the right way to handle succession could do worse than look at Frank Lowy. This morning, Lowy announced plans to take the Australian and New Zealand shopping centres from Westfield Group and put them into the separately listed Westfield Retail Trust, which will be re-named Scentre. Read more of this post

China’s currency controls: The central bank takes a modest step toward financial liberalisation

China’s currency controls: The central bank takes a modest step toward financial liberalisation

Dec 7th 2013 | SHANGHAI | From the print edition

FINANCIAL reform is coming to China. The country’s leadership has made clear through recent pronouncements that it intends to liberalise the country’s capital account and take other measures to increase the role of market forces in the financial system. That has set off a flurry of speculation about how quickly interest rates on bank deposits might be set free and the yuan made fully convertible. Read more of this post

Closer Look: Recent Scandals Have Thrown PR Industry into Turmoil

12.05.2013 19:33

Closer Look: Recent Scandals Have Thrown PR Industry into Turmoil

Things are so bad that illicit payments are best made in person instead of by bank transfer, a sure sign changes should be made

By staff reporter He Chunmei

(Beijing) – An employee of a public relations company recently complained to me about the difficulties her industry now faces. The confusion was brought on by recent episodes in which reporters were arrested for taking bribes to print stories. Read more of this post

Once piracy havens, China’s Internet video websites turn police

Once piracy havens, China’s Internet video websites turn police

4:51pm EST

By Paul Carsten and Jane Lanhee Lee

BEIJING (Reuters) – The website of China’s biggest Internet video company Youku Tudou Inc was once a haven for illicit Hollywood blockbusters and hit South Korean soap operas, until it realised piracy really doesn’t pay. Now the company that controls almost a third of China’s booming online video market forks out more than a billion yuan ($164 million) a year on licenses so it can legally distribute movies and shows like “The Walking Dead”, a strategy expected to result in its first ever quarterly net profit. Read more of this post

Shanghai Orders Cars Off Roads as Pollution Exceeds Scale

Shanghai Orders Cars Off Roads as Pollution Exceeds Scale

Shanghai’s air pollution dropped today as some flights were still disrupted after an air quality gauge reached “beyond index” level yesterday, causing a heavy fog. The PM2.5 index monitored by the U.S. consulate in the city fell by two categories to a “very unhealthy” level. The local meteorological station maintained an orange-level haze alert and said visibility in some regions was less than 200 meters, the Shanghai government information office’s microblog said today. Read more of this post

Shanghai’s smog gives expats second thoughts

Shanghai’s smog gives expats second thoughts

Saturday, December 7, 2013 – 12:03

Matt Hodges

China Daily/Asia News Network

SHANGHAI – Record pollution levels that saw Shanghai engulfed by acrid smog on Friday caused flight cancelations, shortages of face masks and made some expatriates reconsider their long-term plans to stay in the city. Read more of this post

Testing Time for China’s Tea Growers

Testing Time for China’s Tea Growers

12-02 14:03 Caijing

Chinese producers take the less traveled road in Africa and Europe for sustained growth, as Todd Balazovic and Li Aoxue report.

What started 5,000 years ago with a haphazard gust of wind dropping foliage into the boiling pot of a wandering Chinese emperor has brewed into a cultural cornerstone worth billions in any currency. Read more of this post

Disney, Shanghai’s BesTV agree on joint venture

Disney, Shanghai’s BesTV agree on joint venture

Xinhua

2013-12-06

The Walt Disney Company and a Shanghai media business announced on Wednesday they will set up a joint venture in China to tap into the country’s fast-developing digital industry and market. Read more of this post

Why we may be seeing more of Chinese Web products

Why we may be seeing more of Chinese Web products

The size of the Chinese Internet is staggering. There are almost 600 million Internet users in China, more than in any other country in the world (the next highest is the United States, with 254 million).

BY MISIEK PISKORSKI –

5 HOURS 17 MIN AGO

The size of the Chinese Internet is staggering. There are almost 600 million Internet users in China, more than in any other country in the world (the next highest is the United States, with 254 million). Read more of this post

How to Guess Right on Commodities and Still Lose; Some investors who bet correctly that prices would fall didn’t profit as expected

How to Guess Right on Commodities and Still Lose

Some investors who bet correctly that prices would fall didn’t profit as expected

LIAM PLEVEN

Updated Dec. 4, 2013 4:01 p.m. ET

Skeptical investors who concluded a few years ago that the decadelong commodities rally was running out of steam have been vindicated, and the timely bets they placed on falling prices have often paid off. But in a handful of cases, investors learned a painful lesson: You can be right about the big picture, but little things can still erode your returns. Read more of this post

The falling price of gold is hurting the pawnbroking business

The falling price of gold is hurting the pawnbroking business

Dec 7th 2013 | From the print edition

TO WHOM do pawnbrokers turn when money is tight? On December 2nd Albemarle & Bond (A&B), a British one, put itself up for sale in the hope of staving off bankruptcy. Desperate to raise cash, it had already resorted to melting down unsold gold jewellery. It is not the only pawnbroker facing hard times. In November EZCORP, one of the world’s biggest, announced a 76% fall in its annual net income. The share price of H&T, Britain’s largest pawnbroker, has halved following a slump in its profits. Read more of this post

Disney’s Doc McStuffins Toys Challenge Dora the Explorer

Disney’s Doc McStuffins Toys Challenge Dora the Explorer

By Matt Townsend December 05, 2013

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With established toys such as Barbie and Legos prospering year after year, it’s often tough for new ones to command kids’ attention—and retailers’ shelf space. But when Jennifer Chandler-Saunders shopped for a holiday gift for her 3-year-old daughter, she bypassed such staples in favor of Doc McStuffins, a Walt Disney (DIS) character that in two years has gained stardom on cable TV and in the toy aisle. “My daughter fell in love with Doc right away,” says Chandler-Saunders, who nabbed a $35 Doc McStuffins medical kit from Toys “R” Us. Read more of this post

Fast-Food Workers of the World, Unite! Fast-food workers face a struggle to get pay of $15 an hour and a union. The average pay for counter workers is $8.70

Fast-Food Workers of the World, Unite!

By Susan Berfield December 05, 2013

The campaign by fast-food workers to raise the industry’s minimum wage to $15 an hour and unionize has gathered momentum so quickly it has surprised even some of the organizers at the Service Employees International Union, which is underwriting it. A year ago, a group of workers protested at dozens of restaurants in New York. On Dec. 5, workers were expected to rally in about 100 cities. Read more of this post

Nestlé to Sell 10% Stake in Flavors & Fragrances Maker Givaudan for $1.28 Billion as the Swiss food giant pushes ahead with a streamlining effort

Nestlé to Sell Stake in Givaudan

Swiss food giant is offering the 10% stake worth $1.28 billion privately to institutional investors

JOHN REVILL

Updated Dec. 6, 2013 5:46 a.m. ET

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ZURICH— Nestlé S.A. NESN.VX +1.16% is selling its 10% stake in flavors and fragrances maker Givaudan S.A. GIVN.VX -2.35% valued at nearly 1.2 billion Swiss francs ($1.3 billion) as the Swiss food giant pushes ahead with a streamlining effort. Read more of this post

Unilever is to prune its portfolio of individual products by up to 40 per cent by the end of 2014 in an effort to boost earnings

December 5, 2013 6:58 pm

Unilever to prune back product offering

By Scheherazade Daneshkhu, Consumer Industries Editor

Unilever is to prune its portfolio of individual products by up to 40 per cent by the end of 2014 in an effort to boost earnings. Jean-Marc Huët, finance director of the Anglo-Dutch company, told investors at a London conference on Thursday that it aimed to make savings by further reducing product lines, known as “stock keeping units,” and cutting stock levels. Read more of this post

Hess successfully shrinks itself to grow; Amid pressure from investors who argued the company had stretched itself too thin, Hess has shed assets and is moving forward as a streamlined company

Hess successfully shrinks itself to grow

December 4, 2013: 10:52 AM ET

Amid pressure from investors who argued the company had stretched itself too thin, Hess has shed assets and is moving forward as a streamlined company.

By Craig Giammona

FORTUNE — Leon Hess formed the energy company that bears his name in 1933 with a used 615-gallon tanker truck that made residential oil deliveries in his hometown of Asbury Park, N.J.. Over the years, Hess has grown into a diversified global company with revenues of $37.7 billion in 2012. Read more of this post

Narayana Health: Providing World-class Treatment to the Poor

Narayana Health: Providing World-class Treatment to the Poor

by Rohin Dharmakumar | Dec 6, 2013

Narayan Health, founded by leading cardiac surgeon Dr Devi Shetty, could easily be mistaken for just another ‘corporate’ hospital chain. But by ensuring that the poor get equal access to world-class health care, they have proved that they are so much more Read more of this post

Treating Allergies With Pills or Drops Instead of Shots

December 5, 2013

Treating Allergies With Pills or Drops Instead of Shots

By ANDREW POLLACK

Jennifer Maiolo’s allergy is treated with a liquid allergen extract, instead of an injection, as Dr. David P. Skoner watches. Dr. Skoner is excited about the allergen tablets that allergy sufferers can now take, replacing injections and decreasing office visits.

For much of her adult life, Shirley Hickey received two injections a week in an effort to tame severe allergies that caused frequent sore throats and sinus infections. Now she uses a less painful method. “One drop under the tongue every morning, and that’s it,” said Ms. Hickey, 65, who lives in Beaver Falls, Pa. She is free of symptoms and sinus infections from her allergies to ragweed and tree pollens, she said. Read more of this post

Sun Hung Kai Matriarch Transfers Shares to Sons Thomas, Raymond

Sun Hung Kai Matriarch Transfers Shares to Sons Thomas, Raymond

Sun Hung Kai Properties Ltd. (16)’s biggest shareholder, Kwong Siu-hing, transferred part of her holdings in the Hong Kong-based developer to sons and co-chairmen Thomas and Raymond Kwok, according to the family trust. Read more of this post

How Doing What Is Right Helped Build the Indian Financial System

How Doing What Is Right Helped Build the Indian Financial System

by CFA Institute ContributorsDecember 6, 2013

Special Report: How Doing What Is Right Helped Build the Indian Financial System by William Ortel. At the end of the last section, Pradip mentioned the event pictured above: India’s launch of a mars orbiter. This section will trace the construction of an institution that likely helped set the stage for that development by helping Indian companies access credit, and the significant role that anaylytical rigor and ethics had in that institution’s success. The second part of this interview resonated unusually deeply with me, as I hope it will with you. It is a tangible example of how innovation in finance can make life better for a complex, developing country. Read on, and be sure to subscribe to Inside Investing. Read more of this post

Sensex Record Seen on BJP Election Wins as Investors Cheer Modi

Sensex Record Seen on BJP Election Wins as Investors Cheer Modi

India’s benchmark stock index will climb as much as 6 percent to a record by year-end if state election results this weekend confirm gains by the nation’s main opposition party, according to a Bloomberg survey. Read more of this post

Bank of Japan Governor Kuroda $235,000 Salary Highlights Goldman Concern

Kuroda $235,000 Salary Highlights Goldman Concern

Bank of Japan Governor Haruhiko Kuroda’s payslip is 38 percent less than his predecessor’s 15 years ago, underscoring Goldman Sachs Group Inc.’s warning that wages must rise for Abenomics to succeed. The central bank chief’s pay is about 24 million yen ($235,000) for the year ending March 31, down from an inflation-adjusted 39 million yen in fiscal 1998, based on a BOJ statement on Nov. 29. Swaps signal an average inflation rate of 1.2 percent over the coming five years, compared with 2.03 percent in the U.S. and 1.38 percent in the euro zone. Read more of this post

In Japan, no escape from The Eye’s perpetual policing glare

In Japan, no escape from The Eye’s perpetual policing glare

BY DEBITO ARUDOU

DEC 4, 2013

Hey, all you residents heading abroad for the holidays, here’s a little experiment to try on yourself: When you return to Japan, take note of an interesting phenomenon that starts just as you deplane and plug back into Japanese society. You’ll feel a palpable and intractable pressure — a pressure to conform to The Order, that standardized way of doing things in Japan. You can use it to get what you want, or you can defy it and feel the burn of its stare. Read more of this post

Japan’s First Lady Isn’t Shy About Criticizing Policy; Japan’s popular, powerful prime minister, Shinzo Abe, faces little parliamentary opposition. One of his most widely quoted policy critics is his wife, who runs a tiny pub in Tokyo

Japan’s First Lady Isn’t Shy About Criticizing Policy

One of the most widely quoted policy critics of Shinzo Abe, the Prime Minister of Japan, is his wife.

YUKA HAYASHI

Dec. 6, 2013 10:34 p.m. ET

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TOKYO—After winning two landslide elections over the past year, Japan’s popular, powerful prime minister, Shinzo Abe, faces little parliamentary opposition. One of his most widely quoted policy critics runs a tiny pub named “UZU,” or “Tidal Swirl,” hidden among the back streets of a dowdy Tokyo commercial neighborhood. Read more of this post

As workforce shrinks, Korea struggles to embrace immigration

Updated: Friday December 6, 2013 MYT 8:08:22 AM

As workforce shrinks, korea struggles to embrace immigration

SEOUL: For 61-year old construction worker Chae Chang-geun, an ethnic Korean from China,Seoul is a place to make money but not a place to call home. Chae is one of the 450,000 people from the Korean diaspora born in China, who make up 40 percent of the immigrant workforce in South Korea helping to keep the country’s car plants, shipyards and building companies going. Read more of this post

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