Airbnb In Advanced Talks to Raise Funding at a $10 Billion Valuation

Airbnb In Advanced Talks to Raise Funding at a $10 Billion Valuation
Private-Equity Firm TPG Likely to Lead Funding Round for the Online Home-Rental Marketplace
EVELYN M. RUSLI and DOUGLAS MACMILLAN
Updated March 20, 2014 9:21 a.m. ET
Airbnb Inc. is in advanced talks to raise funds that would value the online home-rental marketplace at more than $10 billion and place it among the world’s most valuable startups, according to several people familiar with the process.

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Foreign Investors Rush to Sell Japanese Stocks; Worries Grow That the Government Won’t Spur the Economy

Foreign Investors Rush to Sell Japanese Stocks
Worries Grow That the Government Won’t Spur the Economy
KOSAKU NARIOKA
March 20, 2014 8:12 a.m. ET
After pushing Japan’s stock market to its biggest gain in more than 40 years in 2013, the bulls are having second thoughts.
Foreign investors are selling Japanese stocks at the fastest pace in almost a decade, government data show, as worries grow that the country’s government won’t be able to follow through on its promises to spur the economy. Hedge funds and other speculative investors lifted the ratio of bets against Tokyo shares this week to the highest in five years, according to the Tokyo Stock Exchange.

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Why “Grit” Is the Key to Success in Business

Published: February 11, 2014 / Spring 2014 / Issue 74
Angela Duckworth’s Gritty View of Success
A psychologist and new MacArthur Fellow says you need employees with stamina and tenacity above all else.
by Laura W. Geller
If someone asked you to define grit, what images would come to mind? Windburned cowboys? Pioneers on the open plain? Grit has long been used in describing those who dig in their heels in the face of hardship, who persevere in even the most challenging circumstances and emerge victorious.

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Organize Like a Startup: Legacy companies looking to increase agility and collaboration can take a few lessons from new firms

Posted: March 17, 2014
Eric J. McNulty is the director of research at the National Preparedness Leadership Initiative and writes frequently about leadership and resilience.
Organize Like a Startup
Organizational dysfunction. Failure to align strategy and execution. Resistance to change. Distorted communications. These are common maladies that leaders wrestle with every day. I’ve written before about complexity—and the importance of understanding its impact on organizational design and function. Recently, I read a new book on the subject: Startup Leadership by Derek Lidow, the founder of iSuppli, which provides data and analysis to the electronics industry. Lidow led the company to a successful sale, and he has insights from his entrepreneurial endeavors that are equally applicable to startups and legacy firms.

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George Harrison: Now That Guy Knew How to Listen; Just like musicians, executives must hear themselves and others at the same time

Posted: March 18, 2014
David Silverman is an author, teacher and senior executive at a Fortune 100 firm.
George Harrison: Now That Guy Knew How to Listen
“Start again,” Hector, my guitar teacher, said patiently. He’s half my age, but that’s not stopping him from making me get the 83-note solo in Let It Be right. When he leans over and highlights in red note number 60, where I blew it (again), I’m reminded that listening—intently listening—is among the critical skills in life.

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A Sour Bean Sweetens Cocoa Supply

A Sour Bean Sweetens Cocoa Supply
LESLIE JOSEPHS
Updated March 19, 2014 9:05 p.m. ET

image001-1

With a name reminiscent of a “Star Wars” droid and a reputation for having an acidic taste, the CCN 51 cocoa bean is an unlikely savior of the $110 billion chocolate market.

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Protein May Hold the Key to Who Gets Alzheimer’s

Protein May Hold the Key to Who Gets Alzheimer’s
By PAM BELLUCKMARCH 19, 2014
It is one of the big scientific mysteries of Alzheimer’s disease: Why do some people whose brains accumulate the plaques and tangles so strongly associated with Alzheimer’s not develop the disease?

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Students Occupy Taiwan’s Legislature to Protest China Pact

Students Occupy Taiwan’s Legislature to Protest China Pact
Trade Deal Is One of President Ma Ying-jeou’s Signature Achievements
JENNY HSU
Updated March 19, 2014 11:55 a.m. ET
TAIPEI—More than 1,000 students have occupied Taiwan’s legislature to protest the ruling party’s handling of a trade pact with China that has become a divisive political issue for the island.

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Shanghai Stock Exchange Raises Shareholding Cap for Foreign Investors; Foreigners Can Now Collectively Own 30% in a Single Firm

Shanghai Stock Exchange Raises Shareholding Cap for Foreign Investors
Foreigners Can Now Collectively Own 30% in a Single Firm
CHAO DENG
March 19, 2014 11:16 p.m. ET
SHANGHAI—The Shanghai Stock Exchange is easing restrictions on overseas investors, giving them more flexibility to invest in China’s tightly controlled capital markets.
With immediate effect, foreign investors can collectively own up to 30% in a single company, up from 20%, according to a statement on the exchange’s website on Wednesday. If foreign investors’ collective shareholding in a company exceeds 26%, the stock exchange will make a relevant announcement on the following trading day.
The cap on ownership in a company by an individual foreign investor remains at 10%.
The exchange also said that foreigners will be able to trade asset-backed securities.
Foreign investors currently buy Chinese stocks and bonds through the Qualified Foreign Institutional Investor and the Renminbi Qualified Foreign Institutional Investor programs. Both have expanded in recent years, giving foreigners greater quotas for investing on the mainland, although their ownership remains a fraction of China’s overall market.

Managing the Intangible Aspects of a Project: The Affect of Vision, Artifacts, and Leader Values on Project Spirit and Success in Technology-Driven Projects

Managing the Intangible Aspects of a Project: The Affect of Vision, Artifacts, and Leader Values on Project Spirit and Success in Technology-Driven Projects

Zvi H. Aronson
Stevens Institute of Technology – Wesley J. Howe School of Technology Management
Aaron J. Shenhar
Rutgers, The State University of New Jersey – Rutgers Business School at Newark & New Brunswick
Peerasit Patanakul
Stevens Institute of Technology – Wesley J. Howe School of Technology Management
November 1, 2013
Howe School Research Paper No. 2013-22
Abstract:
Successful projects are often characterized by a unique spirit. Phase one results, based on 193 employees partaking in 60 projects across organizations, support a model positing that leader building activities affect employees’ emotions, attitudes, and behavioral norms that are focused on expected project outcomes, termed project spirit. Spirit affects employees’ contextual performance behavior, which in turn affects success as proposed. Phase two cases, designed to ground these results in technology driven project contexts, highlight the value of managing the project’s intangible aspects captured by spirit. Quantitative and qualitative findings imply that leaders can be coached to execute behaviors that generate a project’s spirit, which boosts contextual performance behavior and increases project success.

The Music Just Ended: “Wealthy” Chinese Are Liquidating Offshore Luxury Homes In Scramble For Cash

The Music Just Ended: “Wealthy” Chinese Are Liquidating Offshore Luxury Homes In Scramble For Cash
Tyler Durden on 03/19/2014 21:11 -0400
One of the primary drivers of the real estate bubble in the past several years, particularly in the ultra-luxury segment, were megawealthy Chinese buyers, seeking to park their cash into the safety of offshore real estate where it was deemed inaccessible to mainland regulators and overseers, tracking just where the Chinese record credit bubble would end up. Some, such as us, called it “hot money laundering”, and together with foreclosure stuffing and institutional flipping (of rental units and otherwise), we said this was the third leg of the recent US housing bubble. However, while the impact of Chinese buying in the US has been tangible, it has paled in comparison with the epic Chinese buying frenzy in other offshore metropolitan centers like London and Hong Kong. This is understandable: after all as Chuck Prince famously said in 2007, just before the first US mega-bubble burst, “as long as the music is playing, you’ve got to get up and dance.” In China, the music just ended.

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Jonathan Ive Designs Tomorrow: Apple’s design chief helped transform computing, phones and music. The company’s secrecy and Ive’s modesty mean he has never given an in-depth interview-until now

Apple’s design chief helped transform computing, phones and music. The company’s secrecy and Ive’s modesty mean he has never given an in-depth interview—until now.
John Arlidge
March 17, 2014
Hello. Thanks for Coming’
We use Jonathan Ive’s products to help us to eat, drink and sleep, to work, travel, relax, read, listen and watch, to shop, chat, date and have sex. Many of us spend more time with his screens than with our families. Some of us like his screens more than our families. For years, Ive’s natural shyness, coupled with the secrecy bordering on paranoia of his employer, Apple, has meant we have known little about the man who shapes the future, with such innovations as the iMac, the iPod, the iPhone and the iPad. But last month, he invited me to Cupertino in Silicon Valley where Apple is based, for his first in-depth interview since he became head of design almost 20 years ago.

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Bill Gates: The Rolling Stone Interview; The richest man in the world explains how to save the planet

Bill Gates: The Rolling Stone Interview
The richest man in the world explains how to save the planet
by JEFF GOODELL
MARCH 13, 2014
At 58, Bill Gates is not only the richest man in the world, with a fortune that now exceeds $76 billion, but he may also be the most optimistic. In his view, the world is a giant operating system that just needs to be debugged. Gates’ driving idea – the idea that animates his life, that guides his philanthropy, that keeps him late in his sleek book-lined office overlooking Lake Washington, outside Seattle – is the hacker’s notion that the code for these problems can be rewritten, that errors can be fixed, that huge systems – whether it’s Windows 8, global poverty or climate change – can be improved if you have the right tools and the right skills. The Bill & Melinda Gates Foundation, the philanthropic organization with a $36 billion endowment that he runs with his wife, is like a giant startup whose target market is human civilization.

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Short Sellers’ New Favorite Platform: Twitter; Hedge fund managers are increasingly tweeting their research and their sharp-edged attacks in a medium that was made for stirring up trouble

Short Sellers’ New Favorite Platform: Twitter
Hedge fund managers are increasingly tweeting their research and their sharp-edged attacks betting that a company’s stock will fall instead of rise, in a medium that was made for stirring up trouble.
posted on March 18, 2014 at 11:25am EDT
Mariah SummersBuzzFeed Staff
MuddyWatersResearch@muddywatersreFollow
$NQ – Net revenue comment is BS. Business Tax makes clear that YDT’s gross rev (before paying customers) is far too low.
9:05 AM – 25 Oct 13

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Marketwired to stop selling to high-frequency traders

Marketwired to stop selling to high-frequency traders
3:46am IST
(Adds comments from legal experts and trading firm executive)
By Karen Freifeld
NEW YORK, March 19 (Reuters) – Marketwired, a company that publishes and distributes corporate earnings and other market-moving news releases, said on Wednesday it would no longer sell directly to high-frequency trading companies.

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Robert Samuelson: China has fallen into the “middle-income trap” – a significant event full of domestic and international implications

China’s next challenge
By Robert J. Samuelson, Thursday, March 20, 12:57 AM
China has fallen into the “middle-income trap” — a significant event full of domestic and international implications. Its economy is visibly slowing; lower-than-expected industrial production and exports are the latest evidence. Global stock markets have responded nervously. But in some ways, the slowdown isn’t China’s fault and was entirely predictable. The explanation is the middle-income trap.

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Books are losing the war for our attention. Here’s how they could fight back

Books are losing the war for our attention. Here’s how they could fight back.
By Matt McFarland, Updated: March 19 at 9:13 am
Technology has reshaped everything from how we communicate to how we find a mate or a job. Yet the experience of reading books remains largely untransformed, and the popularity of books has suffered in the face of flashier media formats that are perfected for our busy world.

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China’s “Minsky Moment” Is Here, Morgan Stanley Finds; It is the point at which Ponzi and speculative borrowers are no longer able to roll over their debts or borrow additional capital to make interest payments

China’s “Minsky Moment” Is Here, Morgan Stanley Finds
Tyler Durden on 03/19/2014 12:06 -0400
From Morgan Stanley’s Cyril Moulle-Berteaux and Sergei Parmenov, who pick up where our simple chart showing China’s “debt nightmare” left off.
We have described in detail over the past two years how we believe China’s twin excesses (excessive investment funded by excessive debt) will inevitably unwind, causing a substantial slowdown in China’s economy, significantly below market expectations. In recent weeks, a trip to the region and further research into China’s shadow banking system have convinced us that China is approaching its “Minsky Moment,” (Display 1) which increases the chances of a disorderly unwind of China’s excesses. The efficiency with which credit generates economic activity is already deteriorating, as more investments are made in non-productive projects and more debt is being used to repay old debts.

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Indonesian elections 2014: Banned, but vote-buying still plagues election process

Indonesian elections 2014: Banned, but vote-buying still plagues election process
Wednesday, March 19, 2014 – 03:44
Zubaidah Nazeer
The Straits Times
JAKARTA – When lawyer Taufik Basari visited constituents in his Jakarta district to distribute leaflets telling them why he deserved their vote, many asked him why the envelope was missing.

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More Japanese parents turning to Internet babysitting services

More Japanese parents turning to Internet babysitting services
Wednesday, March 19, 2014 – 11:50
The Japan News/Asia News Network
Sitter’s Net, a website that helps parents find babysitters, has been frequently used because it is cheap and flexible when it comes to responding to urgent requests. The service was used by the 22-year-old mother of a 2-year-old boy in Isogo Ward, Yokohama. The boy was found dead in Fujimi, Saitama Prefecture.

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China corruption drive goes after ‘guzzling’ officials

China corruption drive goes after ‘guzzling’ officials
Wednesday, March 19, 2014 – 13:08
AFP
SHANGHAI – China’s officials may need to tighten their belts after authorities ordered official canteens to serve “smaller portions” in a crackdown on over-indulgence, the Xinhua state news agency reported.

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Luxury giants flex their muscle to lock down prime window space

Luxury giants flex their muscle to lock down prime window space
Wednesday, March 19, 2014 – 20:43
Reuters
PARIS – French luxury group LVMH is trying to push out smaller rivals from plush Place Vendome in Paris after buying one of its highest-profile buildings, illustrating the intensifying battle for Europe’s prime retail locations. Read more of this post

Fast Retailing’s Uniqlo to turn over half of Japan part-timers into regular staff

Fast Retailing’s Uniqlo to turn over half of Japan part-timers into regular staff
Wednesday, Mar 19, 2014
Reuters
TOKYO – Fast Retailing Co said on Wednesday it plans to turn just over half of its 30,000 part-timers at its Uniqlo casual clothing stores in Japan into regular staff over two to three years in a bid to secure stable employment.
Uniqlo has long suffered high turnover among part-time sales staff – a byproduct of a rigorous and lengthy training process that has helped it earn a reputation for first-rate store service.

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Vuclip’s Nickhil Jakatdar: Bringing ‘Must-have’ Mobile Video to Emerging Markets

Vuclip’s Nickhil Jakatdar: Bringing ‘Must-have’ Mobile Video to Emerging Markets
Mar 13, 2014
Nickhil Jakatdar is a U.S.-based serial entrepreneur. With his most recent venture, Vuclip, which streams video on mobile phones, Jakatdar is focusing on emerging markets like India where he sees huge potential. What makes Vuclip stand apart from similar services is technology that optimizes video in real time, Jakatdar says.

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Spain Adopts the ‘Israel Model’ to Engineer a Biotech Resurgence

Spain Adopts the ‘Israel Model’ to Engineer a Biotech Resurgence
Mar 14, 2014
Spain is one of the world’s leading nations in biotechnology research, but it lags behind in technology transfer and the creation of new companies. Nevertheless, the importance of this sector in Spain’s economy is growing. On an annual basis, the sector as a whole sells more than 76 billion euros of products, according to Asebio, Spain’s biotech industry association. Overall, more than 3,025 companies are involved in biotech research and development in Spain. And although 97% of these firms are small and mid-size companies, they are leaders in job creation, increasing personnel rolls at an annual rate of more than 20%.

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‘Uncertainty Traps’: Why a Lack of Information Can Paralyze an Economy

‘Uncertainty Traps’: Why a Lack of Information Can Paralyze an Economy
Mar 14, 2014
Years later, the aftershocks of the Great Recession still resonate. Unemployment remains high, and economic growth is sluggish. The United States, despite some bright spots — like a recovering housing market and soaring stock prices — just hasn’t been able to snap back to normal

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Why New York AG wants curbs on high-frequency traders

March 19, 2014, 10:32 a.m. EDT
Why New York AG wants curbs on high-frequency traders
By Sital S. Patel
NEW YORK (MarketWatch) — High-frequency trading was thrust back into the spotlight when New York’s Attorney General Eric Schneiderman announced he would be taking a deeper look at the “unfair advantages” they have over regulator investors.
The New York regulator said U.S. exchanges allow traders to obtain pricing information fractions of a second earlier, through technology, giving them an edge.

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Keynes and Hayek: Prophets for today; Keynes’ interpretation of Hayek is stillr relevant for economic policy makers

Keynes and Hayek: Prophets for today
Mar 14th 2014, 16:43 by C.R. | LONDON
ON MARCH 10th 1944, seventy years ago this month, a relatively-obscure Austrian émigrépublished a book that would become one of the great classics of 20th-century economic literature. The new economic ideas of John Maynard Keynes were much in fashion in that period; this new book judged them rather harshly.

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Unease grows among U.S. doctors over Indian drug quality

Unease grows among U.S. doctors over Indian drug quality
Tue, Mar 18 2014
By Toni Clarke and Bill Berkrot
WASHINGTON/NEW YORK (Reuters) – Some U.S. doctors are becoming concerned about the quality of generic drugs supplied by Indian manufacturers following a flurry of recalls and import bans by the Food and Drug Administration.

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BT: Olam ‘market talk’, what market talk?

BT: Olam ‘market talk’, what market talk?
March 19th, 2014 | Author: Editorial
Yesterday (18 Mar), Singapore’s business daily The Business Times (BT) published an article by financial journalist Andrea Soh [Link].
In it, Andrea claims that there were market rumours that could possibly account for the surge in Olam International’s (Olam) share price.

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