What the UK should learn from Jardines

What the UK should learn from Jardines
27th March 2014

Along with its results on 6-Mar-2014, the Jardine group of 5 companies announced proposed downgrades to their UK listing status, which will reduce minority shareholder rights and governance standards. And guess what? The controlling shareholders can vote to approve this, so minorities have very little say in the matter, except in one case. Read more of this post

Consortium Wants Standards for ‘Internet of Things’

Consortium Wants Standards for ‘Internet of Things’

By QUENTIN HARDY

MARCH 27, 2014, 9:00 AM  1 Comments

Attention: Internet of Things. For better or worse, big boys are in the room.

A consortium of industrial giants, including AT&T, Cisco, General Electric, IBM and Intel said on Thursday that they would cooperate to create engineering standards to connect objects, sensors and large computing systems in some of the world’s largest industrial assets, like oil refineries, factories or harbors. The White House and other United States governmental entities were also involved in the creation of the group, which is expected to enroll other large American and foreign businesses. Read more of this post

Creator of a Virtual Reality Sensation

Creator of a Virtual Reality Sensation

By JENNA WORTHAM

MARCH 26, 2014

Palmer Luckey, a baby-faced 21-year-old college dropout, figured out how to build a virtual reality headset so exciting that it became a sensation on Kickstarter, the crowdfunding site, raising a staggering $2.4 million in 30 days. Read more of this post

When retailers compete with … themselves: Walgreens edition

When retailers compete with … themselves: Walgreens edition

By Claire Zillman, reporter March 26, 2014: 5:58 PM ET

As the drug store chain plans to shutter 76 locations, some of which are very close to other Walgreens locations, it’s worth asking, why were these stores opened in the first place? Read more of this post

In praise of small ideas: Big, transformative strategies create buzz, but a new book contends the real money is in the everyday stuff that most companies overlook

In praise of small ideas

By Anne Fisher, contributor March 27, 2014: 5:00 AM ET

Big, transformative strategies create buzz, but a new book contends the real money is in the everyday stuff that most companies overlook. Read more of this post

The unscaling myth

The unscaling myth

Izabella Kaminska | Mar 27 15:05 | Comment Share

Part of the GROSS DOMESTIC COLLABORATION SERIES

Unscaling is made possible by the number of Internet-based platforms and cloud-based services and tools now available to startups and small businesses in general. New companies can now be launched without a massive investment in personnel and IT infrastructure. They can quickly get to market, and compete effectively with far larger companies. Mobile Internet platforms, in particular, make it easier and cheaper to experiment in the marketplace. While most such experiments will likely fail, some, like Airbnb, will succeed and can then quickly scale up their capabilities as their businesses grow. Read more of this post

Trying to assess Oculus Rift as Facebook’s future ad platform is meaningless

Trying to assess Oculus Rift as Facebook’s future ad platform is meaningless

BY JAMES ROBINSON 
ON MARCH 26, 2014

As we all wake up with the lingering realization that yes, yesterday Facebook actually did buy Oculus Rift for $2bn, and it wasn’t all some weird fever-dream, the attention as it always does has turned to why. Read more of this post

A reminder to founders: When you sell your company, you don’t own it any more

A reminder to founders: When you sell your company, you don’t own it any more

BY PAUL CARR 
ON MARCH 26, 2014

I’ve been involved in three acquisitions in my life — varying from tens of millions of dollars down to, well, not tens of millions of dollars. I’ve learned many things from those experiences, but chiefly this: after your company is sold, you don’t own it any more. Read more of this post

A Brief History Of Oculus; Less than two years ago, Oculus raised 2.5 million dollars on Kickstarter. Yesterday, they were acquired by Facebook for $2 billion

A Brief History Of Oculus

Posted 19 hours ago by Greg Kumparak (@grg)

Less than two years ago, Oculus raised 2.5 million dollars on Kickstarter.

Yesterday, they were acquired by Facebook for $2 billion.

image001-5 Read more of this post

China’s Rich And Powerful Show Off Their Social Status By Attending Ritual Tiger Killings

China’s Rich And Powerful Show Off Their Social Status By Attending Ritual Tiger Killings

AGENCE FRANCE PRESSE LAW & ORDER  MAR. 27, 2014, 6:46 PM

More than 10 tigers have been killed as “visual feasts” to entertain officials and rich businessmen in a Chinese city, state media reported. Read more of this post

Pension funds: Sleeping partner or good steward

March 27, 2014 12:23 pm

Pension funds: Sleeping partner or good steward

By Sophia Grene

Should pension funds act as sleeping partners, whose role is no more than the price-setting of market participants, or do they have a more active part to play in the companies they own, acting as good stewards of their assets? Read more of this post

Internet revolutionises vintage watch collectors’ world

March 26, 2014 9:05 pm

Internet revolutionises vintage watch collectors’ world

By Rachel Felder

Vintage watch collecting was once the preserve of well-informed enthusiasts. But that has all changed thanks to specialist websites and a handful of international dealers. Read more of this post

LME halts plan to cut metals queues after court ruling

March 27, 2014 11:41 am

LME halts plan to cut metals queues after court ruling

By Xan Rice

The London Metal Exchange has been forced to halt plans to reduce queues at its global warehouse network after a UK High Court judge ruled that its industry consultation was “unfair and unlawful”. Read more of this post

Consumption tax rise gives Abe something to chew on

March 27, 2014 9:16 am

Consumption tax rise gives Abe something to chew on

By Jonathan Soble and Jennifer Thompson in Tokyo

Call it the “beef bowl test” for Abenomics. On Tuesday, when Japan carries out a controversial increase in its national sales tax, the country’s two leading purveyors of gyu-don – cheap and hearty sliced beef on rice – will respond in starkly opposing ways: one by cutting prices, the other by raising them. Read more of this post

A warning that local interest rates may rise more sharply and sooner than expected – posing downward risk in the homes market – was sounded by the Hong Kong Monetary Authority

HKMA fans local rate hike concerns
Karen Chiu and Imogene Wong
Thursday, March 27, 2014

A warning that local interest rates may rise more sharply and sooner than expected – posing downward risk in the homes market – was sounded by the Hong Kong Monetary Authority yesterday. Read more of this post

Casinos plan in Vietnam’s proposed SEZs gets mixed reactions

Casinos plan in Vietnam’s proposed SEZs gets mixed reactions

by Nguyen Thi Thuy Anh, Zhang Jianhua

QUANG NINH, Vietnam, March 25 (Xinhua) — The plan to allow casinos and other forms of leisure to operate in special economic zones (SEZs) that are proposed to be build in three provinces in Vietnam has been met with mixed reactions. Read more of this post

Why Alibaba Fears Tencent’s Online Incursions

03.25.2014 18:19

Why Alibaba Fears Tencent’s Online Incursions

Two kingpins of the Chinese e-commerce sector are increasingly at odds and adjusting strategies

By staff reporter Zhu Yishi

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Alibaba Group chairman Jack Ma (left), Tencent Holdings chairman Ma Huateng (right)

(Beijing) – Tencent Holdings is using its popular social networking app WeChat to push even deeper into the e-commerce territory dominated in China by Alibaba Group. Read more of this post

“Culture of Compliance” Won’t Always Stop Fraud

March 27, 2014, 7:07 AM ET

“Culture of Compliance” Won’t Always Stop Fraud

NICHOLAS ELLIOTT

Matt Keel, chief compliance officer at investment firm Sentinel Management Group Inc., said at the trial of the firm’s chief executive Eric A. Bloom that he still believed his former boss to be “an honest person…with high integrity.” Mr. Keel, according to prosecutors, had previously lauded Sentinel’s “strong culture of compliance” in a report. Read more of this post

Activist Investors Often Leak Their Plans to a Favored Few

Activist Investors Often Leak Their Plans to a Favored Few

Strategically Placed Tips Help Build Alliances for Campaigns at Target Companies

SUSAN PULLIAM, JULIET CHUNG, DAVID BENOIT and ROB BARRY

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March 26, 2014 10:37 p.m. ET

Shares of Rino International Corp. RINO 0.00% sank 28% in the two days after investment firm Muddy Waters LLC put out a report attacking the Chinese company’s accounting. Read more of this post

Chinese importers of soybeans and rubber are backing out of deals, adding to a wide range of evidence showing rising financial stress in the world’s second-biggest economy

China Soybean, Rubber Importers Renege on Deals

Canceled Contracts Add to Evidence Showing Rising Financial Stress in the Country

HUILENG TAN

March 27, 2014 6:07 a.m. ET

Chinese importers of soybeans and rubber are backing out of deals, adding to a wide range of evidence showing rising financial stress in the world’s second-biggest economy. Read more of this post

Will DirecTV and Dish Catch Cable’s Merger Fever?

Will DirecTV and Dish Catch Cable’s Merger Fever?

By Joshua Brustein March 27, 2014

The two largest satellite television companies in the country are talking about joining forces as a way to combat the pending merger of the country’s two biggest cable companies. Dish Network’s (DISH) chairman, Charlie Ergen, has reached out toDirecTV’s (DTV) chief executive, Mike White, and my colleagues at Bloomberg News report that White isn’t quite convinced about the idea. Read more of this post

Pitfalls of Reverse Mortgages May Pass to Borrower’s Heirs

Pitfalls of Reverse Mortgages May Pass to Borrower’s Heirs

By JESSICA SILVER-GREENBERG

MARCH 26, 2014, 7:57 PM  22 Comments

The only solace for Isabel Santos as she spends her evenings huddled over stacks of yellowed foreclosure notices is that her parents are not alive to watch their ranch-style house in Pleasant Hill, Calif., slipping away. Read more of this post

Why Movie Streaming Sites So Fail to Satisfy

Why Movie Streaming Sites So Fail to Satisfy

MARCH 26, 2014

Farhad Manjoo

A team of web designers recently released an astonishingly innovative app for streaming movies online. The program, Popcorn Time, worked a bit like Netflix, except it had one unusual, killer feature. It was full of movies you’d want to watch. Read more of this post

The SEC’s Corporate Proxy Rules Need a Rewrite; More than token ownership should be required to get a proposal on the ballot

The SEC’s Corporate Proxy Rules Need a Rewrite

More than token ownership should be required to get a proposal on the ballot.

EDWARD S. KNIGHT

March 26, 2014 6:34 p.m. ET

Communicating with shareholders is a crucial part of the job for 21st century business leaders, and most of them understand the value of doing it. The proxy-proposal system is an important, regulated part of this process for publicly traded companies. It gives investors the option of bringing an issue to a vote by all shareholders and ensures that the owners have a voice in how their company is managed. But the current process is outdated, burdensome and costly. Read more of this post

How Oculus Goggles Became More Than a Virtual Reality; Facebook’s Big Acquisition Rose From a Hotel Demonstration Two Years Ago

How Oculus Goggles Became More Than a Virtual Reality

Facebook’s Big Acquisition Rose From a Hotel Demonstration Two Years Ago

IAN SHERR

March 26, 2014 9:29 p.m. ET

Brendan Iribe traces the surprising rise of Oculus VR Inc., Facebook Inc. FB -6.94% ‘s second-largest acquisition, to a demonstration in a hotel meeting room two years ago. Read more of this post

How to Choose Advisers For a Growing Startup; Early on, startup founders often struggle with a range of decisions regarding strategic moves and relationships. Basically, they need advice

How to Choose Advisers For a Growing Startup

Hyman Created Her Own ‘Personal Board’

THE ACCELERATORS

Updated March 27, 2014 12:16 a.m. ET

Early on, startup founders often struggle with a range of decisions regarding strategic moves and relationships. Basically, they need advice. Read more of this post

The Marketing Decoder: La Brea Bakery; The company is remaking its brand image for the first time in its 25-year history

The Marketing Decoder: La Brea Bakery

The company is remaking its brand image for the first time in its 25-year history

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SARAH NASSAUER

Updated March 26, 2014 11:28 p.m. ET

La Brea Bakery, a company known for its crusty loaves sold in CostcoCOST -1.26%Albertsons and other large grocery stores, is attempting to remake its brand image for the first time in its 25-year history. Read more of this post

Scientists Write New Chapter for Cosmos; Discovery of Dwarf Planet, Non-Planetary Rings Challenge Theories on Solar System

Scientists Write New Chapter for Cosmos

Discovery of Dwarf Planet, Non-Planetary Rings Challenge Theories on Solar System

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ROBERT LEE HOTZ

Updated March 26, 2014 6:23 p.m. ET

Scientists added two discoveries to the inventory of celestial real estate in the solar system: a dwarf planet found far beyond Pluto’s orbit, and a set of rings, like those around Saturn, that encircle a distant asteroid. Read more of this post

The Top 13 Biggest Buybacks Over the Past Five Years

Mar 26, 2014

The Top 13 Biggest Buybacks Over the Past Five Years

STEVEN RUSSOLILLO

Tech companies have dominated the buyback blitz over the past five years.

Some 13 S&P 500 companies have each spent at least $25 billion in stock buybacks over the past five years, according to Howard Silverblatt, senior earnings analyst at S&P Dow Jones Indices. Seven of those 13 companies hail from the tech sector, led byIBMIBM -1.24%MicrosoftMSFT -1.36% and Cisco SystemsCSCO -0.09%. Read more of this post

Robert Shiller’s Nobel Knowledge: Yale University economics professor and Nobel laureate, Robert Shiller on the art of stock-picking and the complex psychology of investors

Robert Shiller’s Nobel Knowledge

Yale University economics professor and Nobel laureate, Robert Shiller on the art of stock-picking and the complex psychology of investors

DAVID WESSEL

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Updated March 26, 2014 11:02 a.m. ET

Robert Shiller Photograph by Jonas Fredwall Karlsson for WSJ.Money

ROBERT SHILLER, A 67-YEAR-OLDYale University professor best known for his early, accurate prediction that U.S. house prices were a bubble just waiting to burst, has long worked at the intersection of psychology and economics. He recently shared the Nobel in economics for insights into why prices of stocks and houses fluctuate as they do, particularly work showing that markets move too much to be explained by rational investors responding to changing fundamentals. Read more of this post

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