Amazon aims for TV business with free video streaming: WSJ

Amazon aims for TV business with free video streaming: WSJ

5:26pm EDT

SAN FRANCISCO (Reuters) – Online retailer Amazon.com Inc plans to enter the battle for living-room viewership in the coming months, launching a free, ad-supported streaming TV service, the Wall Street Journal reported on Thursday, citing anonymous sources. Read more of this post

Most of Toyota’s Indian employees refused to return to work, the latest example of workers demanding more from global auto makers as they push into emerging markets

Toyota Workers in India Refuse to Return to Work

Dispute Reflects Broad Hurdles for Global Auto Makers in Emerging Markets

SANTANU CHOUDHURY And DHANYA ANN THOPPIL

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Swedish eye tracking technology firm Tobii plans IPO: report

Swedish eye tracking technology firm Tobii plans IPO: report

5:50pm EDT

STOCKHOLM (Reuters) – Swedish eye tracking technology firm Tobii, co-owned by chipmaker Intel, is planning a stock market listing which could value the firm at around 2 billion crowns ($309 million), business daily Dagens Industri reported. Read more of this post

Cargill, Copersucar to form world’s No. 1 sugar trader

Cargill, Copersucar to form world’s No. 1 sugar trader

By Sarah McFarlane and Reese Ewing

LONDON/SÃO PAULO (Reuters) – U.S.-based agribusiness trader Cargill CARG.UL and Brazil’s Copersucar announced plans on Thursday to form a business to create the world’s biggest sugar trader through a 50-50 joint venture. Read more of this post

Intel takes ‘significant’ stake in Big Data startup Cloudera

Intel takes ‘significant’ stake in Big Data startup Cloudera

2:10pm EDT

By Noel Randewich

SAN FRANCISCO (Reuters) – Intel Corp said on Thursday it made a significant investment in Cloudera and will make the fast-growing startup its preferred distributor of software for crunching Big Data. Read more of this post

How a rental service could help digital textbooks thrive on college campuses

How a rental service could help digital textbooks thrive on college campuses

By Matt McFarland, Updated: March 27 at 8:31 am

Only 3 percent of college students use a digital textbook as their primary course material, according to one survey. Even as Amazon sells more digital books than print books, college students haven’t embraced digital textbooks. It’s surprising, given younger generations’ embrace of everything else digital, whether it be smarthphones or social media. Read more of this post

Rupert Murdoch shows his creative flair for corporate governance

Rupert Murdoch shows his creative flair for corporate governance

Elizabeth Knight

Businessman Lachlan Murdoch takes the helm of his father’s news empire, being named co-chairman of News Corp and 21st Century Fox. Nine News.

Rupert Murdoch has never been one to adhere to the niceties of corporate governance. The news that his son Lachlan will take the role as joint chairman of both arms of the listed empire and that Murdoch’s younger son, James, will assume the mantle of joint chief operating officer of 21st Century Fox is unsettling for many investors. Read more of this post

Ergonomic health issues, such as stiff necks, aches and pain in the back, shoulders or hands, cost Singapore S$3.5 billion a year

Stiff necks, back aches cost S$3.5b each year

SINGAPORE — It may come as a surprise to some, but ergonomic health issues, such as stiff necks, aches and pain in the back, shoulders or hands, cost Singapore S$3.5 billion a year, said the Workplace Safety and Health (WSH) Council.

MARCH 28

SINGAPORE — It may come as a surprise to some, but ergonomic health issues, such as stiff necks, aches and pain in the back, shoulders or hands, cost Singapore S$3.5 billion a year, said the Workplace Safety and Health (WSH) Council. Read more of this post

U.S. autism rate surges to one in 68, CDC reports

U.S. autism rate surges, CDC reports

BY LENNY BERNSTEIN

March 27 at 1:25 pm

The number of U.S. children with autism has surged to one in 68, the Centers for Disease Control and Prevention reported Thursday, a 30 percent increase since the agency estimated just two years ago that one child in 88 suffered from the disorder.

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Singapore ‘at crossroads’ in quest to remain a global city

Singapore ‘at crossroads’ in quest to remain a global city

LONDON — Singapore, like London, is at a crossroads, as it strives to keep its place among the top cities in the world while managing the stresses and strains that come with being a global city, said Prime Minister Lee Hsien Loong.

BY –

MARCH 28

LONDON — Singapore, like London, is at a crossroads, as it strives to keep its place among the top cities in the world while managing the stresses and strains that come with being a global city, said Prime Minister Lee Hsien Loong. Read more of this post

Fixing Finance: Work in Process; Despite the enormous costs that have been wrung out of finance department operations, CFOs have plenty of reasons to push for more process improvement

March 27, 2014

Fixing Finance: Work in Process

Despite the enormous costs that have been wrung out of finance department operations, CFOs have plenty of reasons to push for more process improvement. Read more of this post

Q&A: Aamir Khan; What did you learn from the first season of “Satyamev Jayate” (“The Truth Prevails”), a one-hour talk show that dug into India’s problems: ?

Q&A: Aamir Khan

Talk-show talent

Mar 27th 2014, 10:18 by E.C. | MUMBAI

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AAMIR KHAN is one of India’s most sought-after actors and has become known in recent years for taking on roles dealing with social and political issues. In the Oscar-nominated “Lagaan”, for example, he played a poor farmer stuck in drought-ridden Gujarat, fighting off taxes from the British. In “Rang de Basanti”, he was a jaded 20-something who discovers his civic duty after playing an Indian freedom fighter for a British documentarian. And in “Taare Zameen Par”, also Oscar-nominated, he was a thoughtful art teacher captivated by a dyslexic student. Read more of this post

Broken contacts: Finance, not economics, may explain copper’s recent plunge

Broken contacts: Finance, not economics, may explain copper’s recent plunge

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Mar 29th 2014 | From the print edition

THE copper price has long been held to signal the state of the global economy as reliably as the metal conducts electrons. But that reputation—never fully deserved—is now in tatters. Copper’s plunging price (see chart) says a lot about China, but little about the rest of the world. Read more of this post

Swissness is not enough: Big and small must adapt to survive

Swissness is not enough: Big and small must adapt to survive

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Mar 29th 2014 | ZURICH | From the print edition

LIKE their country’s watchmakers, Swiss banks have enjoyed a reputation for quality, reliability and watertight discretion. But since 2008, spectacular coups by neighbouring countries’ tax authorities and investigations by America’s Department of Justice have torn at their reputation. Now they are trying to rebuild one as squeaky-clean money managers. Read more of this post

Freedom or licence? Annuities are not as bad as they are sometimes painted

Freedom or licence? Annuities are not as bad as they are sometimes painted

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Mar 29th 2014 | From the print edition

LET the pensioners free. That was the rallying cry of the recent British budget, which decreed that those who accumulate a pension pot no longer must use the proceeds to buy an annuity on retiring. Read more of this post

Inflation and interest rates: Up, up and away; Higher inflation may be needed to leave extra-low interest rates behind

Inflation and interest rates: Up, up and away; Higher inflation may be needed to leave extra-low interest rates behind

Mar 29th 2014 | From the print edition

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AT FIRST glance, rich-world central banks are going their separate ways. Cheered by sturdy growth figures, the Bank of England and the Federal Reserve are shuffling toward an exit from easy monetary policy; markets found Janet Yellen’s first Fed statement unexpectedly hawkish. The European Central Bank, in contrast, is tacking looser. On March 25th Jens Weidmann, president of the Bundesbank, suggested that the ECB might need to be more forceful in order to keep the euro-area economy out of the grips of deflation. Read more of this post

Cartel-busting: Boring can still be bad; Market-rigging in unsexy industries costs consumers a lot. More can be done to detect and deter it

Cartel-busting: Boring can still be bad; Market-rigging in unsexy industries costs consumers a lot. More can be done to detect and deter it

Mar 29th 2014 | From the print edition

MENTION price cartels and many people will think of big, overt ones like the one OPEC runs for oil and the now-extinct one for diamonds. But at least as damaging are the many secret cartels in such unglamorous areas as ball-bearings and cargo rates, which go on unnoticed for years, quietly bumping up the end cost to consumers of all manner of goods and services. Read more of this post

Swedish Pop Mafia: How a culturally conservative effort in the 1940s backfired to create the greatest engine of pop music in the world

Swedish Pop Mafia

BY WHET MOSER • March 24, 2014 • 6:00 AM

How a culturally conservative effort in the 1940s backfired to create the greatest engine of pop music in the world.

At some point over the last 15 years—sometime, say, between the 1999 release of “I Want It That Way” by the Backstreet Boys and last year’s “Roar” by Katy Perry—it became an inescapable fact that if you want to understand American pop music, you pretty much have to understand Sweden. Read more of this post

Enlisting a Computer to Battle Cancers, One by One

Enlisting a Computer to Battle Cancers, One by One

MARCH 27, 2014

Carl Zimmer

When Robert B. Darnell was a graduate student in the early 1980s, he spent a year sequencing a tiny fragment of DNA. Now Dr. Darnell is an oncologist and the president of the New York Genome Center, where the DNA-sequencing machines can decode his grad-school fragment in less than a ten-thousandth of a second. Read more of this post

Korean tycoon’s hidden assets to be seized; Prosecution’s decision follows backlash over court’s light sentence of the former chairman of the now-defunct Daeju Group, as part of a bid to levy the massive fine he owes

Tycoon’s hidden assets to be seized

Prosecution’s decision follows backlash over court’s light sentence

Mar 28,2014

Huh Jae-ho, the former chairman of the now-defunct Daeju Group, is released from a prison labor house on Wednesday evening. [NEWSIS]

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Prosecutors and tax authorities have begun full-fledged efforts to track down hidden assets held by Huh Jae-ho, the former chairman of the now-defunct Daeju Group, as part of a bid to levy the massive fine he owes.  Read more of this post

Excellence without a soul; When the young become the soulless elite without dreams of their own, Korea’s future is hopeless

Excellence without a soul

When the young become the soulless elite without dreams of their own, Korea’s future is hopeless.

Mar 28,2014

“Soulless bureaucrat” used to be a common epithet because Korea’s civil servants did whatever those in power ordered them to do without exercising or even consulting their own convictions. The country’s elite didn’t bother contemplating what they should do for the country or why. Instead, they became simpleminded technicians who only sought how to do what they were ordered as painlessly as possible. Read more of this post

A world of pain; In the United States alone, chronic pain is estimated to cost more than $600 billion annually

A world of pain

In the United States alone, chronic pain is estimated to cost more than $600 billion annually.

Mar 28,2014

BALTIMORE – Pain is ubiquitous in life. Inextricably bound to consciousness, it is an experience that all living creatures with advanced nervous systems share. For our ancestors, whose lives were fraught with danger, pain conferred an evolutionary advantage, signaling the need to separate oneself from its immediate source.  Read more of this post

Paul Romer says creating corporate environment for innovative firms matters; “The first step to fulfill the creative economy is to create the right condition for innovative firms that can immediately replace Samsung Electronics when it is faltering

Paul Romer says creating corporate environment for innovative firms matters

Park Bong-gwon

2014.03.27 17:46:27

“The first step to fulfill the creative economy is to create the right condition for innovative firms that can immediately replace Samsung Electronics when it is faltering.”
The comment was made by Paul Romer, professor of Economics at New York University’s Stern School of Business. Professor is also a pioneer of the New Growth Theory and candidate for this year’s Nobel prize in economics.  Read more of this post

‘Audit monopoly’ hurts transparency; Samil, Samjong, Anjin, E&Y dominate large firms’ market

Updated : 2014-03-27 18:54

‘Audit monopoly’ hurts transparency

Samil, Samjong, Anjin, E&Y dominate large firms’ market
By Na Jeong-ju
In Korea, it is extremely difficult for small accounting firms to compete against major companies in the same industry.
Most conglomerates only employ the services of big accounting firms to conduct external auditing. Read more of this post

Is the banking system now even more dangerous? Central banks fear so

Is the banking system now even more dangerous? Central banks fear so

It is becoming increasingly clear that the Bank of England and the Federal Reserve think the banking system has become more dangerous since the last crisis Read more of this post

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