Korean economic team blasted for inconsistency

Korean economic team blasted for inconsistency

Friday, March 7, 2014 – 10:06

Kim Yon-se

The Korea Herald/Asia News Network

The Park Geun-hye administration appears to be discontented with the economic policies created by Deputy Prime Minister and Finance Minister Hyun Oh-seok. Read more of this post

Western Businesses in Russia, Watchful and Wary

Western Businesses in Russia, Watchful and Wary

By LIZ ALDERMANMARCH 7, 2014

PARIS — Shortly after pro-Russian troops infiltrated Crimea last weekend, the phone in Alexis Rodzianko’s Moscow office started ringing. He is president of the American Chamber of Commerce in Russia, and local managers for some of the world’s biggest brands were calling to discuss the safety of their operations and the risks that might arise if the West were to impose sanctions. Read more of this post

In Safeway Buyout, a Reminder of a Painful Takeover Years Ago; More than two decades ago, the grocery store chain became a potent symbol of the human toll sometimes extracted when private equity uses large amounts of debt

MARCH 7, 2014, 2:18 PM  3 Comments

In Safeway Buyout, a Reminder of a Painful Takeover Years Ago

By WILLIAM ALDEN

Safeway, the latest target of abig private equity buyout, once caused a huge headache for the private equity industry. Read more of this post

Costco’s Bulking Up Its Moat

Costco’s Bulking Up Its Moat

By Ken Perkins | 03-07-14 | 06:00 AM | Email Article

 Costco (COST) reported second-quarter results that were slightly below our expectations on the top line, and margins were also a bit weaker than we expected. However, a closer look at the results leaves us confident that Costco’s bargaining power, highly efficient operations, and loss-leader capabilities will allow the firm to outperform many retail peers, and we are maintaining our narrow Morningstar Economic Moat Rating with a positive trend, as well as our $120 fair value estimate. Read more of this post

boohoo.com valued at 560 million pounds in London listing

boohoo.com valued at 560 million pounds in London listing

4:17am EST

LONDON (Reuters) – British online fashion retailer boohoo.com will list on London’s AIM market next week with a market capitalization of 560 million pounds ($936 million) after tapping into current investor appetite for internet retail stocks. Read more of this post

In twist, Mexico says non-telecom Slim firms dominate telecoms

In twist, Mexico says non-telecom Slim firms dominate telecoms

6:12pm EST

By Alexandra Alper and Tomas Sarmiento

MEXICO CITY (Reuters) – Mexico’s telecoms regulator on Friday declared two of billionaire Carlos Slim’s major financial and industrial companies “dominant” in telecommunications, but has yet to slap the tag on Slim’s flagship telecom company. Read more of this post

An Interview With Behavioral Investing Expert Michael Mauboussin

An Interview With Behavioral Investing Expert Michael Mauboussin

By Matt Koppenheffer | More Articles
March 1, 2014 | Comments (6)

As Managing Director and Head of Global Financial Strategies at Credit Suisse, Michael Mauboussin advises clients on valuation and portfolio positioning, capital markets theory, and competitive strategy analysis. He has also authored three books — Think TwiceThe Success Equation, and More Than You Know — and is an adjunct professor of finance at the Columbia Business School, and chairman of the Board of Trustees at the Santa Fe Institute. Read more of this post

The World Loses a Great Investor, CalPERS CIO Joseph Dear

The World Loses a Great Investor

By Morgan Housel | More Articles
February 27, 2014 | Comments (5)

A year ago, I traveled to California with colleagues Brian Richards and Rick Engdahl to interview some of the world’s sharpest economic thinkers, including PIMCO CEO Mohamed El-Erian and former Mitt Romney adviser John Taylor of Stanford University.  Read more of this post

How Designer Microbes and the Organism Industry Will Reshape Our World

How Designer Microbes and the Organism Industry Will Reshape Our World

By Maxx Chatsko | More Articles
March 2, 2014 | Comments (0)

What would a computer be without transistors? Well, not much. A similar question can be asked of next-generation industrial biotech platforms enabled by synthetic biology: What would Solazyme (NASDAQ: SZYM  ) , Amyris (NASDAQ: AMRS  ) , or any other industrial biotech company be without organisms? And again, a similar conclusion is reached. It may not be obvious from the early days of synthetic biology, but several loose, general terms and businesses used to describe the development of highly optimized custom microorganisms will eventually be combined into one well-defined industry: the organism industry. Read more of this post

Profits, Purpose, and the Power of Admiration

Profits, Purpose, and the Power of Admiration

By Alyce Lomax | More Articles
March 3, 2014 | Comments (4)

Which American companies are among the best choices for long-term investors? One answer is seeking out the companies that are the most admired — and inspired to make real innovative change. Read more of this post

3 Award-Winning Investing Lessons From the Oscars

3 Award-Winning Investing Lessons From the Oscars

By David Williamson | More Articles
March 2, 2014 | Comments (1)

Sunday night’s 86th annual Academy Awards didn’t disappoint, crowning 12 Years a SlaveBest Picture, while handing out numerous wins to Dallas Buyers Club and Gravity. This group of Oscar nominees didn’t fail to deliver — with groundbreaking cinematography, strong social commentary, and important investing advice.  Read more of this post

From Startup to Billion-Dollar Biotech: An Inside Look at Vertex Pharmaceuticals

From Startup to Billion-Dollar Biotech: An Inside Look at Vertex Pharmaceuticals

By Max Macaluso | More Articles
February 27, 2014 | Comments (0)

Vertex Pharmaceuticals (NASDAQ: VRTX  ) is a rare biotech success story. Started in 1989 by chemist Joshua Boger, the company was fueled for many years by three key ingredients: a unique approach to drug discovery, the tenacious dedication of a small group of scientists, and an ambitious long-term vision. It took decades for Vertex to translate its research and development efforts into FDA approved products. Investors who were early believers in the biotech’s mission and willing to take on risk, however, have been rewarded for their patience; shares are up more than 1,760% since the stock’s IPO in 1991. Read more of this post

Clean energy: Let the sun shine; The future is bright for solar power, even as subsidies are withdrawn

Clean energy: Let the sun shine; The future is bright for solar power, even as subsidies are withdrawn

Mar 8th 2014 | IVANPAH VALLEY, CALIFORNIA, AND LEXINGTON, NORTH CAROLINA | From the print edition

FORTY-FIVE minutes west of Las Vegas, dejected sinners may encounter a sight to lift their sunken hearts: a sea of 347,000 mirrors, reflecting the rays of the desert sun on to boilers mounted on three 460-foot towers. The Ivanpah solar-thermal plant (pictured), which opened in mid-February, is the largest of its kind in the world. Fully ramped up, it will deliver around 377 megawatts (MW) of power to 140,000 homes in southern California. Its backers compare it to the nearby Hoover Dam; an astronaut claims to have spotted it from the international space station. It is a striking sight, even if the heat from its heliostats has roasted dozens of unfortunate birds alive. Read more of this post

Devolving power: Big batteries threaten big power stations—and utilities’ profits

Devolving power: Big batteries threaten big power stations—and utilities’ profits

Mar 8th 2014 | From the print edition

WHO needs the power grid when you can generate and store your own electricity cheaply and reliably? Such a world is drawing nearer: good news for consumers, but a potential shock for utility companies. That is the conclusion of a report this week by Morgan Stanley, an investment bank, which predicts that ever-cheaper solar and other renewable-energy sources, combined with better and more plentiful batteries, will allow many businesses and other electricity users to cut the cord on their electricity providers. Read more of this post

Business in emerging markets: Emerge, splurge, purge; Western firms have piled into emerging markets in the past 20 years. Now comes the reckoning

Business in emerging markets: Emerge, splurge, purge; Western firms have piled into emerging markets in the past 20 years. Now comes the reckoning

Mar 8th 2014 | From the print edition

VODAFONE’S latest figures appear at first glance to vindicate the most powerful management idea of the past two decades: that firms should expand in fast-growing emerging economies. Sales at the mobile-phone company fell in the rich world while those in the developing world rose smartly. Corporate strategy is usually a contentious subject: there are fierce debates about how big, diversified and financially leveraged firms should be. But geography has seduced everyone. Vodafone is one of countless Western companies that have bet on the developing world. Read more of this post

Why Sony’s pocket analog radio, known by the bland model number SRF-39FP, is the iPod of prison

JANUARY 16, 2014

THE IPOD OF PRISON

POSTED BY JOSHUA HUNT

In early 2005, Josh Demmitt arrived at a federal prison camp, in Sheridan, Oregon, to serve a thirty-month sentence for starting a fire outside an animal-testing facility at Brigham Young University. The nineteen-year-old received a warm welcome from his fellow inmates, who greeted him with coffee and cigarettes, advice on procuring vegan meals, and a pocket AM/FM radio. Read more of this post

Helvetica: one font to rule them all; For the past 50 years Helvetica has dominated design. But, now its pioneer Mike Parker has passed away, is the era of this sleek, modernist typeface drawing to a close?

Helvetica: one font to rule them all

For the past 50 years Helvetica has dominated design. But, now its pioneer Mike Parker has passed away, is the era of this sleek, modernist typeface drawing to a close?

Steve Rose

The Guardian, Tuesday 4 March 2014 19.00 GMT

Helvetica can be seen on the New York subway system and in countless other instantly recognisable lo

Helvetica can be seen on the New York subway system and in countless other instantly recognisable logos. Photograph: Justin Lane/EPA Read more of this post

Follow SEEK and carsales.com into Asia, Andrew Bassat urges entrepreneurs

Follow SEEK and carsales.com into Asia, Andrew Bassat urges entrepreneurs

Published 07 March 2014 13:04, Updated 07 March 2014 13:17

Jake Mitchell and Madeleine Heffernan

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Seek chief executive Andrew Bassat

SEEK chief executive Andrew Bassat has challenged more Australian companies to embrace the risk of expanding into Asia, afterCarsales.com sealed a $126 million foray into the South Korean car classified market. Read more of this post

How Maureen Wheeler recovered her sense of self after selling Lonely Planet

Fiona Smith Columnist

How Maureen Wheeler recovered her sense of self after selling Lonely Planet

Published 08 March 2014 00:01, Updated 08 March 2014 00:06

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Maureen Wheeler realised how much of her identity was tied up in the job after selling Lonely Planet. Photo: James Davies Read more of this post

Cotton On co-founder Tania Austin keen to accelerate growth at her new chain Decjuba

Caitlin Fitzsimmons Online editor

Cotton On co-founder Tania Austin keen to accelerate growth at her new chain Decjuba

Published 08 March 2014 00:01, Updated 08 March 2014 00:06

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Tania Austin bought Decjuba because she’s not the kind of person who could spend her day “sitting around having coffee and cake” Read more of this post

‘Better to cannibalise myself than wait for others to do it’: Getty Images founder offers free access to stock photos

‘Better to cannibalise myself than wait for others to do it’: Getty Images founder offers free access to stock photos

Published 07 March 2014 10:08, Updated 07 March 2014 12:06

James Cottam

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Getty Images co-founder Jonathan Klein (pictured here at the Sochi Winter Olympics for which Getty was official photographic agency) is confident that social media’s youthful users of today will become the professional image purchasers of the future. Read more of this post

The Saïd family made its fortune in large infrastructure projects in the Middle East, but second-generation Khaled Saïd realised early on it was overseeing the family’s portfolio that he had an eye for.

KHALED SAID: PUZZLES AND PASSION

ARTICLE | 6 MARCH, 2014 10:14 AM | BY NICHOLAS MOODY

As a boy growing up in the UK, Khaled Saïd loved puzzles, maths and “figuring things out”. His father, Wafic, had made much of his fortune building significant infrastructure projects in the Middle East during the 1970s and 1980s. But Saïd, 38, had always been interested in the portfolio side of Saïd Holdings, which his father founded in 1987. Solving where he could fit into his family’s business was one more puzzle he had to “figure out”. Read more of this post

‘Mofia’ on the wane under Korean president Park

2014-03-07 17:55

‘Mofia’ on the wane under Park

By Kim Tae-gyu
President Park Geun-hye has been criticized for poor personnel choices after a number of people she appointed to key posts were sacked or had to quit for a variety of reasons. Read more of this post

Worrisome suicide surge in Korea

2014-03-07 17:30

Worrisome suicide surge

Unfortunately, Korea is second to none when it comes to suicides. It appears that not a single day passes without news reports on unusual suicide deaths, and this is all the more so recently. Read more of this post

‘The gold rush is over’: Don’t quit your day job just for an app idea, Toronto developer warns

‘The gold rush is over’: Don’t quit your day job just for an app idea, Toronto developer warns

Michael Oliveira, Canadian Press | March 6, 2014 | Last Updated: Mar 6 5:56 PM ET
TORONTO — Convinced you’ve got a brilliant app idea that would surely make you rich if you could just learn to code?

Think again before quitting your day job, warns Matt Coombe, co-founder of the Toronto-based app development company Get Set Games. Read more of this post

Jilted U.S. Investors and Debtors on the Run; The money trail from a defunct Chinese drug company has led an American bond investor down a winding road

03.07.2014 14:49

Jilted U.S. Investors and Debtors on the Run

The money trail from a defunct drug company has led an American bond investor down a winding road Read more of this post

The Founder Of WhatsApp Posted This Unassuming Note In A Forum Five Years Ago

The Founder Of WhatsApp Posted This Unassuming Note In A Forum Five Years Ago

CAROLINE MOSS TECH  MAR. 7, 2014, 8:06 PM

A few weeks ago, Facebook rocked the tech world with news that it was buying popular chat app Whatsapp for an insane $19 billion dollars. Read more of this post

How GE Gives Leaders Time to Mentor and Reflect

How GE Gives Leaders Time to Mentor and Reflect

by Raghu Krishnamoorthy  |   11:00 AM March 6, 2014

It is 6:00 a.m. David is starting his first day as the “leader in residence” at Crotonville, GE’s global leadership institute, with a jog around the running trail with a couple of twenty-somethings who are half his age and might be five levels below him on an org chart. Their run is companionable; their discussion, candid. It is a serendipitous moment of connection that the three will always share. Read more of this post

Wearable tech: the small British companies taking on Samsung and Google

Wearable tech: the small British companies taking on Samsung and Google

Wearable technology has been touted as the ‘next big thing’ in consumer electronics. Sophie Curtis meets some of the British start-ups taking on the technology giants of Silicon Valley. Read more of this post

Auto industry ponders robot-car liability

Last updated: March 6, 2014 7:16 pm

Auto industry ponders robot-car liability

By Chris Bryant in Frankfurt and Henry Foy in London

Who is to blame if your self-driving car crashes? The automotive industry is trying to answer this somewhat futuristic question, according to the chief executive of parts supplier ContinentalRead more of this post