Shining Group (鄉林集團) will open its first hotel under its luxury Lalu (涵碧樓) brand in China in June, the opening salvo in an ambitious plan to build 30 Lalu hotels in China over the next 10 years

Lalu to begin expansion into China in June

March 11, 2014, 12:09 am TWN

TAIPEI — The Shining Group (鄉林集團), a high-end Taiwanese developer, will open its first hotel under its luxury Lalu (涵碧樓) brand in China in June, the opening salvo in an ambitious plan to build 30 Lalu hotels in China over the next 10 years. Read more of this post

America’s Most Overvalued Companies Are…

America’s Most Overvalued Companies Are…

Tyler Durden on 03/10/2014 19:45 -0400

Over the weekend we reported that even Goldman has now highlighted what has been clear to most, but certainly not the Fed, for quite some time: stocks are in such an epic bubble, with many of the key valuation metrics notably EV/sales, off the charts and at all time highs, that even Goldman’s own clients are asking “When does the party end?” Never one, however, to tell clients to sell and hold to cash (just think of the lost flow trading commissions, not to mention the potential prop trading losses from frontrunning said flow), Goldman Sachs was kind enough to point out that while buying into undervalued stocks at this record high market junction may be a safe bet, the alternative, going long the most overvalued stocks usually ends in tears. Read more of this post

Could London suffer a Tokyo-style house price crash?

Could London suffer a Tokyo-style house price crash?

One fund manager bets that central London house prices will keep rising at ‘a trend rate of 9pc per year’ – but why would they?

By Richard Dyson

10:25AM GMT 09 Mar 2014

A new investment fund aims to capture, for private investors, the apparently inexorable rise in price of London’s “prime” properties. “Prime” refers to the stucco-fronted streets clustered around Hyde Park, in the world famous and (for now) ultra-desirable districts of Knightsbridge, Mayfair, South Kensington and Belgravia. Read more of this post

What Keeps CEOs Up at Night

Mar 11, 2014

What Keeps CEOs Up at Night

NOREENA HERTZ: What  are the top five issues that every CEO faces these days?

1. Technology is proving to be the game changer in industry after industry. CEOs need, to quote Wayne Gretsky, “to see where the puck is going and get there first.” Read more of this post

A New Weapon in Corporate Patent Wars; Patent Trial and Appeal Board Can Upend PTO Decisions, but Some Say It Goes Too Far

A New Weapon in Corporate Patent Wars

Patent Trial and Appeal Board Can Upend PTO Decisions, but Some Say It Goes Too Far

ASHBY JONES

March 10, 2014 7:25 p.m. ET

Companies have found a controversial new weapon in their battle against intellectual property lawsuits.

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Liberty Mutual recently turned to the Patent Trial and Appeal Board to invalidate patents held by Progressive Casualty, some of which Progressive says relate to the idea behind its Snapshot product. Progressive Read more of this post

Dangers Lurk in China’s Must-Do Bank Reforms

Dangers Lurk in China’s Must-Do Bank Reforms

ALEX FRANGOSBy 

March 11, 2014 7:16 a.m. ET

China is pushing through with reforms to its financial system. Whether it survives them unscathed is another matter.

Central bank chief Zhou Xiaochuan said Tuesday that China expects to fully liberalize state-directed deposit interest rates in “one or two years.” He said deposit insurance for the banking system, seen as a prerequisite for letting interest rates float, and promised for ages, would come within a year. Read more of this post

Chinese Bets on Rusty Mounds of Ore

Chinese Bets on Rusty Mounds of Ore

ABHEEK BHATTACHARYA

March 11, 2014 10:24 a.m. ET

Trust China to complicate even the straightforward trade in iron ore. The sharp 8% fall in prices this week may have something to do with how the world’s second-biggest economy is suddenly using the metal as an alternative means of financing. Read more of this post

In business book reporting, it’s all Jim Collins, it’s the story of victory, it’s success bias over and over again. It tends to be peacetime-you’ve defeated the competition, you have the highest margins, the highest multiple

Why Ben Horowitz doesn’t like hiring rich people

By Max Nisen @MaxNisen 5 hours ago

Andreessen Horowitz is one of the largest and most prestigious venture capital firms in the world. With more than $2 billion in assets under management, it has invested in dozens of successful companies including Facebook, Groupon, Zynga, Twitter, and Jawbone. Its founding partners are wise enough to assess what they learned along the way to success. Read more of this post

Surfing champion Layne Beachley on knowing when to quit and bouncing back from failure

Caitlin Fitzsimmons Online editor

Surfing champion Layne Beachley on knowing when to quit and bouncing back from failure

Published 10 March 2014 13:01, Updated 11 March 2014 14:11

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Layne Beachley started surfing at the quiet end of Manly Beach in Sydney as a four-year-old in the 1970s. By age 20 she was ranked sixth in the world and she went on to win seven world championships in surfing, six of them consecutive. Read more of this post

Equations Are Art inside a Mathematician’s Brain; Euler’s Identity, which relates the three fundamental constants e, pi and i, was rated the most beautiful of a set of 60 equations by mathematicians

Equations Are Art inside a Mathematician’s Brain

A brain area associated with emotional reactions to beauty activates when mathematicians view especially pleasing formulas
Mar 4, 2014 |By Clara Moskowitz

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Euler’s Identity, which relates the three fundamental constants epi and i, was rated the most beautiful of a set of 60 equations by mathematicians.  Read more of this post

Steve Smith has come a long way, from family market stall to £750m listing for recession darling with more than 500 stores

As Poundland IPO approaches, founder says: ‘I’m very proud, it’s my baby’

Poundland has come a long way, from Steve Smith’s family market stall to a £750m listing for a recession darling with more than 500 stores

Zoe Wood

The Guardian, Monday 10 March 2014 17.50 GMT

As Poundland IPO approaches, founder says: ‘I’m very proud, it’s my baby’

Steve Smith, founder of Poundland: ‘I know people who were too greedy and lost it all.’ Photograph: David Sillitoe for the Guardian Read more of this post

Korea-born fashion brands are making a foray into overseas markets in search of a breakthrough amid the sluggish domestic fashion market

2014-03-10 19:09

Fashion brands look overseas

By Park Ji-won
Korea-born fashion brands are making a foray into overseas markets in search of a breakthrough amid the sluggish domestic fashion market. Read more of this post

Winning as a Self-Fulfilling Prophecy

Winning as a Self-Fulfilling Prophecy

by William Barnett  |   1:00 PM March 10, 2014

The maid-of-honor was consoling the bride, desperately trying to keep her makeup from liquefying. The yacht was perfect, of course, and most of the bridesmaids were there as planned. So what was the problem? No pictures. The photographer was a no-show. Well, the bride would make sure that he never got another high-profile job. And to think, all the best families had raved about his genius. Read more of this post

How to Achieve Growth in a Lean Europe: Lessons on winning in a slow market

February 11, 2014 / Spring 2014 / Issue 74

How to Achieve Growth in a Lean Europe

Lessons on winning in a slow market.

by Richard Rawlinson

Executives of consumer products and retail companies in Europe responded to the recent global economic crisis the best way they knew how. As demand shrank, they cut costs across the board. And initially, these measures worked: Between 2009 and 2012, even as revenues fell, many companies posted increased earnings and relatively strong stock market performance. But today this strategy has run out of steam. There’s only so much excess to remove and overhead to reduce. Read more of this post

Silence Is Now a Luxury Product: A report on the quiet-car-ization of America

Silence Is Now a Luxury Product: A report on the quiet-car-ization of America

BY CHLOE SCHAMA @chloeschama

Within a few short weeks of our relocation to New York City, my husband and I received an anonymous note on the doormat in front of our apartment. “Your dog has been barking all day. Please keep him quiet.” The following day, we steeled ourselves and knocked on our neighbors’ doors to apologize, only to be met with empty stares. The mystery of the note’s origin made it no less panic-inducing. We live in a co-op; the rules regarding neighborly disturbance are clear. Thelaw, too.  Read more of this post

Defaulting in China is like. well, I dunno, but it must be embarrassing

Defaulting in China is like… well, I dunno, but it must be embarrassing

David Keohane | Mar 11 09:13 | 1 comment Share

I mean take Chaori 11 again, China’s first onshore bond default.

Far from being China’s Bear Stearns it might simply be a sign that China has arched its eyebrow at the solar industry (and other private, vulnerable industries that lack political clout) and decided to stroll away… with its arm still draped around the shoulder of privileged enterprise. Read more of this post

I Don’t Distinguish Between Traditional and Modern Practices: Rahul Bajaj, patriarch of the Bajaj Group

I Don’t Distinguish Between Traditional and Modern Practices: Rahul Bajaj

by Ashish K Mishra | Mar 11, 2014

There’s only good and bad management, says Rahul Bajaj

He isn’t the most traditional or conservative face of the Marwari community but Rahul Bajaj, grandson of Jamnalal Bajaj and patriarch of the Bajaj Group, is certainly among its most influential.  Read more of this post

Made in China: one game company’s struggle to do what they love

Made in China: one game company’s struggle to do what they love

March 10, 2014

by Iain Garner

You probably haven’t heard of Songtang Animations. It’s a small developer with a staff of just 25 operating out of Haicang, Xiamen. The team is led by the charismatic Mr. Wu, a veteran with fifteen years experience in China’s gaming industry. Read more of this post

The next step for the Internet of Things: Less screen, more living

The next step for the Internet of Things: Less screen, more living

By Erin Griffith March 10, 2014: 10:03 AM ET

The Aether Cone is smarter than your average smart device.

FORTUNE — Duncan Lamb has a mission. He wants to put a dent in our smartphone addictions and allow us, the screen-obsessed people of the web, to look up from those devices a little more. As a former creative director of Nokia, that’s a slightly confusing mission. Read more of this post

A New Blood Test Predicts Alzheimer’s With 90% Accuracy

A New Blood Test Predicts Alzheimer’s With 90% Accuracy

AGENCE FRANCE PRESSE SCIENCE  MAR. 10, 2014, 6:32 PM

Researchers in the United States say they have developed a prototype blood test that can tell with 90-percent accuracy whether a healthy person will develop Alzheimer’s disease within three years. Read more of this post

Why Major Companies Like Whole Foods And Chipotle Have 2 CEOs

Why Major Companies Like Whole Foods And Chipotle Have 2 CEOs

RICHARD FELONI STRATEGY  MAR. 10, 2014, 10:23 PM

Chipotle, Whole Foods, and Deutsche Bank are all major companies run by two CEOs. Samsung even has three of them. But why? Read more of this post

McDonald’s Might Start Copying Chipotle’s Strategy; In an attempt to reverse declining sales, McDonald’s is testing letting customers customize their burgers

McDonald’s Might Start Copying Chipotle’s Strategy

ASHLEY LUTZ RETAIL  MAR. 11, 2014, 12:31 AM

McDonald’s might be taking a cue from Chipotle’s playbook.

In an attempt to reverse declining sales, McDonald’s is testing letting customers customize their burgers, reports Catey Hill at MarketWatch.

But don’t expect to actually point to the ingredients that will go on your burger.  Read more of this post

9 Things Successful People Do Right Before Bed

9 Things Successful People Do Right Before Bed

JACQUELYN SMITH CAREERS  MAR. 11, 2014, 2:18 AM

The very last thing you do before bed tends to have a significant impact on your mood and energy level the following day, since it often determines how well and how much you sleep. Read more of this post

A NYT Op-Ed On How Terrible London Is Has Prompted A Major Backlash

A NYT Op-Ed On How Terrible London Is Has Prompted A Major Backlash

MAMTA BADKAR MARKETS  MAR. 11, 2014, 2:27 AM

Last Friday, Ben Judah wrote  a scathing indictment of London as a town now thriving on “Russian oligarchs and Qatari princes,” and that Britain’s youth are now “oligarchs’ valets.” Read more of this post

The Story Of How Marc Andreessen Told Ben Horowitz ‘F- You’ – And Then They Became Lifelong Partners

The Story Of How Marc Andreessen Told Ben Horowitz ‘F— You’ — And Then They Became Lifelong Partners

NICHOLAS CARLSON TECH  MAR. 11, 2014, 3:42 AM

Back when he was still running Netscape in the 1990s, Marc Andreessen hired an executive named Ben Horowitz.

After Microsoft announced that it would bundle its browser with Windows 95, Andreessen, Horowitz, and another guy named Mike Homer spent months coming up with a counter-move. Read more of this post

Why Apple Should Fear Samsung’s New ‘Tizen’ Strategy; Samsung’s decision to use Tizen, a non-Android operating system, on its Gear line of smart watches has mostly been seen as a blow to Google

Why Apple Should Fear Samsung’s New ‘Tizen’ Strategy

JIM EDWARDS TECH  MAR. 11, 2014, 8:29 AM

Samsung’s decision to use Tizen, a non-Android operating system, on its Gear line of smart watches has mostly been seen as a blow to Google, Android’s developer. Read more of this post

Do Brain Workouts Work? Science Isn’t Sure; Tools like Lumosity promise to stimulate your mind, though researchers question how much they improve cognitive performance

MARCH 10, 2014, 7:39 PM  Comment

Do Brain Workouts Work? Science Isn’t Sure

By TARA PARKER-POPE

For a $14.95 monthly membership, the website Lumosity promises to “train” your brain with games designed to stave off mental decline. Users view a quick succession of bird images and numbers to test attention span, for instance, or match increasingly complex tile patterns to challenge memory. Read more of this post

The decision by Jardines to jettison premium listings for its group companies in London is, on the face of it, a snub to regulators anxious to restore the City’s reputation for corporate governance

March 10, 2014 7:47 pm

Jardines sidesteps, others will not follow

By Sam Fleming and Jennifer Hughes

The decision by Jardines to jettison premium listings for its group companies in London is, on the face of it, a snub to regulators anxious to restore the City’s reputation for corporate governance. Read more of this post

Explosive growth pushes Alibaba online fund up global rankings; Number of investors in Yu’e Bao exceeds total in China equities

March 10, 2014 12:40 pm

Explosive growth pushes Alibaba online fund up global rankings

By Jamil Anderlini in Beijing

A Chinese internet money market fund that launched just nine months ago has more investors than the country’s equity markets in a sign of how quickly Beijing’s reforms are reshaping the financial services industry. Read more of this post

Supermarket pricing made merger of Chiquita and Fyffes necessary

Last updated: March 10, 2014 8:54 pm

Supermarket pricing made merger of Chiquita and Fyffes necessary

By FT reporters

The deal to create the world’s largest banana company was first discussed amid multicoloured fruit and flower displays at last October’s Fresh Summit in New Orleans – the annual meeting of the world’s produce distributors. But it was arguably made necessary by the fresh fruit deals to be found in the aisles of any supermarket. Read more of this post