TB reappears in developed world; Resurgence of an illness that respects no borders

March 24, 2014 12:01 am

TB reappears in developed world

By Rose Jacobs

Cruising the streets of London, a white van emblazoned with the National Health Service’s logo is seeking out a specific subsection of the capital’s population: the people most vulnerable to tuberculosis.

image001 Read more of this post

Checkmate for cheap unconventional gas; Shale reserves are not a miracle; they are a high-cost source of fuel

March 21, 2014 7:21 pm

Checkmate for cheap unconventional gas

By John Dizard

Shale reserves are not a miracle; they are a high-cost source of fuel, writes John Dizard

If you listen to the whisperings in the chancelleries of the great powers of Europe, or the musings of editorialists, US shale gas has become a key strategic asset in the chess game of global power. The US can move its gas castle to block the Russian knight from putting Europe in check . . . or whatever. Read more of this post

Big pharma balks at investment in TB; Genetics offers route to cure TB

March 24, 2014 12:01 am

Big pharma balks at investment in TB

By Andrew Ward

For an industry so often on the back foot over ethical issues, the approval last year of the first tuberculosis drug in 40 years was a chance to trumpet Big Pharma’s positive role in tackling global health problems. Read more of this post

Perseverance pays off for Math Magc board game inventor Jimmy Yeoh; Yeoh says he has sold over 60,000 sets of Math Magic, in 12 languages, since it was introduced at RM120 locally and £25 in the UK

Updated: Monday March 24, 2014 MYT 9:38:46 AM

Perseverance pays off for game inventor

BY LIM WING HOOI

A measure of success: Magic Gamewerks Sdn Bhd founder Jimmy Yeoh and the Math Magic board game he successfully commercialised. Children who play Math Magic enhance their mathematics skill while having fun. The philosophy behind MathMagic is to match each coloured side of the tile, which is divided into four triangles with different colours and numbers. A painting on the wall of her tomb depicting Egyptian Queen Nefertari (1295- 1255 BCE) playing Senet. Read more of this post

Indian business looks to Modi to spark capex revival

March 23, 2014 7:31 am

Indian business looks to Modi to spark capex revival

By James Crabtree in Mumbai

India’s opinion polls put opposition leader Narendra Modi as the country’s next prime minister, shortly after election results are announced on May 16. But will India’s corporate sector, enthused by the arrival of a new government headed by a self-described business-friendly leader, then begin investing once again? Read more of this post

US biotech stocks suffer sharp slide on Congress letter over the price of a hepatitis C drug treatment from Gilead Sciences

Last updated: March 22, 2014 1:03 am

US biotech stocks suffer sharp slide on Congress letter

By Arash Massoudi and Alan Rappeport in New York

Biotechnology stocks, the standout asset class of the soaring US equity market, suffered their sharpest decline since October 2011 on Friday after US congressional representatives raised concerns over the price of a hepatitis C drug treatment from Gilead Sciences. Read more of this post

European regulators warn as risky loans rise above bubble peak

March 23, 2014 7:31 pm

European regulators warn as risky loans rise above bubble peak

By Anne-Sylvaine Chassany and Martin Arnold in London

Debt investors are abandoning normal creditor protections on European leveraged buyout loans as they snap up riskier securities at a faster rate and in greater proportions than at the peak of the credit bubble. Read more of this post

German property rush chases concrete gold; Low interest rates see savers invest in houses and flats

March 23, 2014 2:44 pm

Germany’s property rush is based on concrete gold

By Claire Jones in Frankfurt

For Germans these days, some things that do not glitter are gold. A property boom across the biggest cities has been dubbed a betongold – literally concrete gold – rush. Read more of this post

Libraries lend themselves to new business creation

March 23, 2014 12:31 pm

Libraries lend themselves to new business creation

By Andrew Bounds, North of England correspondent

Manchester’s imposing Central Library reopened this weekend with a mission to inspire a new generation to read – and start businesses. Read more of this post

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