Big Words Are Fading, But Many People Still Love Them; Can those who enjoy sesquipedalian words, and those who find them annoying, learn to connect

Big Words Are Fading, But Many People Still Love Them

Can those who enjoy sesquipedalian words, and those who find them annoying, learn to connect

ELIZABETH BERNSTEIN

March 24, 2014 6:54 p.m. ET

image001-24 Read more of this post

CEO’s Secret to Decision-Making: Total Silence

CEO’s Secret to Decision-Making: Total Silence

How a $15,000 bet helped Khajak Keledjianof Intermix find inner peace

JEN MURPHY

March 24, 2014 5:59 p.m. ET

A friend bet Khajak Keledjian $15,000 six years ago that he wouldn’t be able to sit still for 15 minutes in complete silence. After nearly five months of trying, the 41-year-old CEO of high-fashion retailer Intermix couldn’t do it. Read more of this post

‘Cord-Nevers’: Why Comcast Would Consider a Deal With Apple

Mar 24, 2014

‘Cord-Nevers’: Why Comcast Would Consider a Deal With Apple

SHALINI RAMACHANDRAN

On Monday, the Journal reported that Apple is talking to ComcastCMCSA +0.60%about a new streaming-television service that would be powered through an AppleAAPL +1.19% set-top box and would get special treatment to bypass congestion on the Web.

image001-23 Read more of this post

Why Trade Bonds When You Can Trade Ads? Web Ads, Sold on Computerized Exchanges, Bring Wall Streeters Into the Fray

Why Trade Bonds When You Can Trade Ads?

Web Ads, Sold on Computerized Exchanges, Bring Wall Streeters Into the Fray

WILLIAM LAUNDER

March 24, 2014 3:37 p.m. ET

For many on Wall Street, landing an executive-level job at an established hedge fund would be a crowning career move. Until, that is, they get a chance to go into advertising. Read more of this post

Xi’s rising clout could mean swifter reforms

Xi’s rising clout could mean swifter reforms

Tuesday, March 25, 2014 – 03:00

Kor Kian Beng

The Straits Times

Chinese President Xi Jinping’s concentration of power in his hands, through the proliferation of intra-party panels that he heads, could change the consultative decision-making process through collective leadership that came about in the 1990s. Read more of this post

Sick Again? Why Some Colds Won’t Go Away; Some people get back-to-back colds, infected by a new virus

Sick Again? Why Some Colds Won’t Go Away

Some people get back-to-back colds, infected by a new virus

SUMATHI REDDY

March 24, 2014 7:02 p.m. ET

About a month ago Sharon Gilbert was hit with a runny nose, sore throat and a cough. The whole snotty works.

A few weeks later she thought she had recovered. Then her husband Derek got sick, and bam. “Suddenly I started getting all the symptoms [again] and it was worse,” said Ms. Gilbert, a 61-year-old writer in Charleston, Ill. Read more of this post

China Set to Cap Transfers Using Mobile-Payment Services

China Set to Cap Transfers Using Mobile-Payment Services

Move Comes as State Banks Push Back Against Finance Businesses of E-Commerce Giants Alibaba, Tencent

Updated March 24, 2014 11:34 a.m. ET

BEIJING—China’s largest Internet firms have had startling success elbowing their way onto the turf of the state-run banks, but now the country’s banks and regulators are pushing back. Read more of this post

Chinese Auto Makers Want to Go High-Tech

12:00 pm
Mar 24, 2014

Chinese Auto Makers Want to Go High-Tech

In China, tech trends have been slowly catching up with the West, and in the race to make a car that connects with smartphones and other gadgets, Chinese auto makers are right on their global competitors’ bumpers. Read more of this post

SEC probes banks and companies in complex bond and loan securities dealings: WSJ

SEC probes banks and companies in loan securities dealings: WSJ

Mon, Mar 24 2014

(Reuters) – The U.S. Securities and Exchange Commission has launched an investigation into the increasing number of complex bond deals on Wall Street that may create new opportunities for fraud, the Wall Street Journal reported on Monday. Read more of this post

Google Deal With Luxottica Will Bring Glass to Ray-Ban, Oakley

Google Deal With Luxottica Will Bring Glass to Ray-Ban, Oakley

ROLFE WINKLER

March 24,2014

image001-20

With Luxottica’s help, Google hopes to use style to overcome consumer doubts about Glass. Astro Teller, who oversees Glass among other projects at Google X, the company’s innovation lab, said it is a “very large Read more of this post

Disney to buy YouTube network Maker Studios for $500 million; “Short-form online video is growing at an astonishing pace and with Maker Studios, Disney will now be at the center of this dynamic industry”

Disney to buy YouTube network Maker Studios for $500 million

Mon, Mar 24 2014

By Ronald Grover

LOS ANGELES (Reuters) – The Walt Disney Co has agreed to buy Maker Studios, one of YouTube’s largest networks, for $500 million, a deal that makes Disney a major online video distributor and should help draw more teens into the Disney entertainment empire. Read more of this post

How a deal with Comcast could force Apple to cede tight control over its products

How a deal with Comcast could force Apple to cede tight control over its products

By Brian Fung, Updated: March 24 at 11:44 am

Years after a cryptic claim by Steve Jobs that he’d “finally cracked” the TV business — a statement that’s led nowhere so far — Apple’s trying its hand at television again, this time with a streaming entertainment service that’s reportedly launching with the help of Comcast. Read more of this post

Developing leaders in a business; In his book The Will to Lead, Marvin Bower, McKinsey’s managing partner from 1950 to 1967, urges senior managers to abandon command-and-control structures and adopt a program to develop leaders

Developing leaders in a business

In his book The Will to Lead, Marvin Bower, McKinsey’s managing partner from 1950 to 1967, urges senior managers to abandon command-and-control structures and adopt a program to develop leaders, starting with themselves. In this excerpt, he explores the attributes of leadership. Read more of this post

Angry Chinese Homeowners Vent Frustrations After Price Cuts; Homeowners Demand Their Money Back After Developer Cuts Prices on New Homes

Angry Chinese Homeowners Vent Frustrations After Price Cuts

Homeowners Demand Their Money Back After Developer Cuts Prices on New Homes

ESTHER FUNG

March 22, 2014 9:11 a.m. ET

CHANGZHOU, China—Groups of angry homeowners put up banners and demanded their money back after Hong Kong-listed property developer Wharf Ltd. cut prices on new homes in an eastern Chinese city, in the latest sign of stress in the nation’s property market. Read more of this post

In defence of sycophantic wage slaves; Flattery is crucial to survival in the corporate world and beyond

March 23, 2014 1:13 pm

In defence of sycophantic wage slaves

By Lucy Kellaway

Luke Johnson is wrong. Flattery is crucial to survival in the corporate world and beyond

If you are reading this, the chances are that you are a sycophant, an arse-kisser and a phoney. Read more of this post

Peter Long, Tui Travel: The head of Europe’s biggest tour operator has ridden many storms

THE MONDAY INTERVIEW

March 23, 2014 1:26 pm

Peter Long, Tui Travel

By Roger Blitzimage001-19 Read more of this post

Japan’s retailers play games with tax rise prices; Consumption tax rise comes at delicate stage in recovery

March 23, 2014 10:46 am

Japan’s retailers play games with tax rise prices

By Ben McLannahan in Tokyo

Consumption tax rise comes at delicate stage in recovery

Japan’s revival under Shinzo Abe has pushed up inflation higher than base wages, so many people are feeling poorer. Is this a good time for taxes to go up too? Not really. Which is why the government is allowing retailers to act like they haven’t. Read more of this post

Executives take note: activists are sometimes right; McKinsey’s consultants suggest the best strategy is to listen

March 23, 2014 3:13 pm

Executives take note: activists are sometimes right

By John Authers

McKinsey’s consultants suggest the best strategy is to listen

Executives need to beware of activist investors. They are better armed than ever before, and they are coming after ever bigger targets. As this year’s proxy season in the US comes into view, with annual meetings and board elections on the agenda, heads of big corporations should no longer assume that they are safe. Read more of this post

Fragile by Design: The Political Origins of Banking Crises and Scarce Credit: Political roots of a rent-seeking racket

March 23, 2014 7:09 pm

‘Fragile by Design’, by Charles Calomiris and Stephen Haber

Review by Martin Sandbu

An analysis of close ties between governments and bankers is a fine addition to standard economic models but leaves questions hanging Read more of this post

Candy Crush: Play it again; The makers of the mobile game insist a secret sauce justifies their multibillion dollar valuation

March 23, 2014 3:02 pm

Candy Crush: Play it again

By Tim Bradshaw and Richard Milneimage001-18 image002-6 image003-2

The makers of the mobile game insist a secret sauce justifies their multibillion dollar valuation

On a sunny spring morning in San Francisco, thousands of gamer geeks huddle together in a dark room, all fretting over when to deploy the lollipop hammer. Read more of this post

The New Hedge-Fund-Like Retail Funds; Mutual funds that aim to copy hedge-fund strategies are proliferating.

The New Hedge-Fund-Like Retail Funds

Mutual funds that aim to copy hedge-fund strategies are proliferating.

ROB COPELAND

March 21, 2014 5:24 p.m. ET

It is getting easier to invest like a hedge fund. That doesn’t necessarily mean you should.

Hedge funds have long served an exclusive clientele of deep-pocketed institutions and wealthy individuals. Now, an expanding array of mutual funds is bringing hedge-fund strategies to the masses.

Investors who crave a seat at the table have poured billions of dollars into the mutual funds, swelling their assets to $286 billion by year-end, compared with $41 billion at the end of 2008, according to fund tracker Lipper. Read more of this post

Firms Find Ways to Cut Big-Data Costs; Facebook-Inspired Designs Are Helping Some Companies Build Data Centers On the Cheap

Firms Find Ways to Cut Big-Data Costs

Facebook-Inspired Designs Are Helping Some Companies Build Data Centers On the Cheap

RACHAEL KING

March 23, 2014 4:56 p.m. ET

Hardware costs can add up quickly in the era of big data.

As large companies collect, analyze and store increasing quantities of information, the expense of adding servers, hard drives and other equipment is threatening to crimp their big-data plans. Indeed, hardware sales related to corporate-data projects are expected to more than double to $15.7 billion in 2017 from $7.16 billion last year, according to Wikibon, a Marlborough, Mass., research organization. Read more of this post

The Data Companies Wish They Had; They Know a Lot About Customers, but They’d Like to Know Even More

The Data Companies Wish They Had

They Know a Lot About Customers, but They’d Like to Know Even More

MAX TAVES

Updated March 23, 2014 4:36 p.m. ET

FOR SOME companies, big data isn’t quite big enough yet.

These firms already collect loads of information about their customers and suppliers—but that has only whet their appetites for even more. Some retailers want to see what customers buy from other stores, for instance, while health providers want a real-time rundown on their patients’ vital stats to get an early warning about potential health problems. Read more of this post

Promoting Brands in Real Time With Social Media; Advertisers Watch What’s Trending-and Craft Content to Match

Promoting Brands in Real Time With Social Media

Advertisers Watch What’s Trending—and Craft Content to Match

GEORGIA WELLS

Updated March 23, 2014 7:22 p.m. ET

A still from a video posted by General Electric on Twitter’s Vine app, showing how color moves through liquid. The video has been liked by more than 227,000 viewers, spreading awareness of the GE brand.General Electricimage001-12  Read more of this post

How Consumers Are Using Big Data; New apps help people find the cheapest flights, improve their diets, become better drivers

How Consumers Are Using Big Data

New apps help people find the cheapest flights, improve their diets, become better drivers

LORA KOLODNY image001-10 Read more of this post

Big Data Enters the Classroom; Technological Advances and Privacy Concerns Clash

Big Data Enters the Classroom

Technological Advances and Privacy Concerns Clash

LISA FLEISHER

March 23, 2014 4:35 p.m. ET

With the shift to computerized testing, tablets in the classroom and digitized personal records, schools are collecting more data than ever on how children are doing. Read more of this post

Shiller Metric Carries Warning for Stocks

Shiller Metric Carries Warning for Stocks

SPENCER JAKAB

March 23, 2014 12:27 p.m. ET

Asked to define a bubble, some Wall Street wags say it is a bull market that an investor has missed.

But with the period between earnings seasons now under way and the S&P 500 back near its record high, investors may turn more attention to the stock market’s overall health rather than just that of its components. Read more of this post

A ‘Crisis’ in Online Ads: One-Third of Traffic Is Bogus; As Digital Advertising Climbs Toward $50 Billion This Year, Marketers Battle Fraudulent Visitors

A ‘Crisis’ in Online Ads: One-Third of Traffic Is Bogus

As Digital Advertising Climbs Toward $50 Billion This Year, Marketers Battle Fraudulent Visitors

SUZANNE VRANICA

March 23, 2014 6:47 p.m. ET

Billions of dollars are flowing into online advertising. But marketers also are confronting an uncomfortable reality: rampant fraud.

About 36% of all Web traffic is considered fake, the product of computers hijacked by viruses and programmed to visit sites, according to estimates cited recently by the Interactive Advertising Bureau trade group.

So-called bot traffic cheats advertisers because marketers typically pay for ads whenever they are loaded in response to users visiting Web pages—regardless of whether the users are actual people.

The fraudsters erect sites with phony traffic and collect payments from advertisers through the middlemen who aggregate space across many sites and resell the space for most Web publishers. The identities of the fraudsters are murky, and they often operate from far-flung places such as Eastern Europe, security experts say.

image001-7 Read more of this post

Don’t Believe the Hype: Local Media Slant, Local Advertising, and Firm Value

THE JOURNAL OF FINANCE • VOL. LXVII, NO. 2 • APRIL 2012

Don’t Believe the Hype: Local Media Slant, Local Advertising, and Firm Value

UMIT G. GURUN and ALEXANDER W. BUTLER∗

ABSTRACT

When local media report news about local companies, they use fewer negative words

compared to the same media reporting about nonlocal companies. We document that

one reason for this positive slant is the firms’ local media advertising expenditures.

Abnormal positive local media slant strongly relates to firm equity values. The effect

is stronger for small firms; firms held predominantly by individual investors; and

firms with illiquid or highly volatile stock, low analyst following, or high dispersion of

analyst forecasts. These findings show that news content varies systematically with

the characteristics and conflicts of interest of the source.

When Is a Liability Not a Liability? Textual Analysis, Dictionaries, and 10-Ks

THE JOURNAL OF FINANCE • VOL. LXVI, NO. 1 • FEBRUARY 2011

When Is a Liability Not a Liability? Textual Analysis, Dictionaries, and 10-Ks

TIM LOUGHRAN and BILL MCDONALD∗

ABSTRACT

Previous research uses negative word counts to measure the tone of a text. We show

that word lists developed for other disciplines misclassify common words in financial

text. In a large sample of 10-Ks during 1994 to 2008, almost three-fourths of the words

identified as negative by the widely used Harvard Dictionary are words typically not

considered negative in financial contexts. We develop an alternative negative word

list, along with five other word lists, that better reflect tone in financial text. We link

the word lists to 10-K filing returns, trading volume, return volatility, fraud, material

weakness, and unexpected earnings.

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