Recent sharp gain in Olam shares fuels concerns over possible insider trading

Recent sharp gain in Olam shares fuels concerns over possible insider trading

Temasek Holdings’ buyout offer yesterday came after Olam’s share price had accelerated dramatically in recent weeks against the backdrop of a flat market, leading some investors to cry foul and call on regulators to investigate possible insider trading in violation of securities laws. Read more of this post

Why McDonald’s Is Taking On Starbucks Over Coffee

Why McDonald’s Is Taking On Starbucks Over Coffee

By Asit Sharma | More Articles
March 10, 2014 | Comments (23)

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McDonald’s coffee-led breakfast strategy in visual terms. Image courtesy McDonald’s.

At the end of this month, Starbucks  (NASDAQ: SBUX  ) is likely to post a result that will draw little attention, but is intriguing for its larger implications: The company will overtake McDonald’s  (NYSE: MCD  ) for the first time in pre-tax earnings in Japan.  McDonald’s, of course, has struggled in Japan recently. Its 50-owned Japanese subsidiary recently announced that it was closing 74 stores, or about 2.3% of its total store count, due to declining customer demand. Starbucks’ demand arc in Japan is quite another story — the company has gone from zero to more than 1,000 stores in less than 20 years.  Read more of this post

10 Great Books on American Economic History

10 Great Books on American Economic History

By John Reeves | More Articles
March 8, 2014 | Comments (7)

The attempt to create a colony in Jamestown, Virginia, in 1607 got off to a catastrophic start. After just the first year, only 38 of the original 108 colonists remained alive. And death rates over the first two decades continued to be staggeringly high. Read more of this post

Motley Fool CEO Tom Gardner shows how he discovered Middleby, which has delivered 30 times his original investment

The Untold Story Behind Our CEO’s Single Greatest Investment

By Tom Gardner | More Articles
March 13, 2014 | Comments (6)

Dear Fools, I’d like to make two important corrections to this article after reading the comments below. The first is that, as a matter of policy back in the Hidden Gems days, I never bought my investment recommendations. This has changed in the Everlasting Portfolio in Motley Fool One. The systems now exist for me to purchase all of my investment recommendations. And, of course, all of my purchases come after The Motley Fool buys which, of course, come after all of our members are given a chance to buy first. Read more of this post

Prem Watsa’s 9 Observations Why There Is A “Monstrous Real Estate Bubble In China Which Could Burst Anytime”

Prem Watsa’s 9 Observations Why There Is A “Monstrous Real Estate Bubble In China Which Could Burst Anytime”

Tyler Durden on 03/09/2014 18:12 -0400

Excerpted from Prem Watsa’s Fairfax Financial Holdings investor letter,

There is a monstrous real estate and construction bubble in China, which could burst anytime. It almost did in 2011 but China increased its credit growth significantly since then. Read more of this post

Mind your wallet: why the underworld loves bitcoin

Mind your wallet: why the underworld loves bitcoin

1:51am EDT

By Jeremy Wagstaff

SINGAPORE (Reuters) – Criminals may already have made off with up to $500 million worth of bitcoins since the virtual currency launched in 2009 – and you can double that if it turns out they emptied Mt. Gox. Read more of this post

Whitney Tilson On Berkshire Hathaway Annual Letter And Omaha Events

Whitney Tilson On Berkshire Hathaway Annual Letter And Omaha Events

by VW StaffMarch 14, 2014, 11:50 am

Whitney Tilson extends an invitation to Berkshire Hathaway Inc. (NYSE:BRK.A) (NYSE:BRK.B) events in Omaha as the Warren Buffett-led company releases its annual letter. Read more of this post

Happy Pi Day! It’s also Albert Einstein’s birthday

Happy Pi Day! It’s also Albert Einstein’s birthday.

By Andrea Peterson, Updated: March 14 at 10:15 am

Today is March 14th, or 3/14. And that makes it Pi Day — the day where math nerds across the country gather to eat pie and discuss the importance of numbers. But did you know it’s also Albert Einstein’s birthday? The theoretical physicist whose name has become synonymous with genius was born on March 14, 1879, in what was then the Kingdom of Württemberg in the German Empire. Read more of this post

Odey: US turnaround will spark EM recession

Odey: US turnaround will spark EM recession

by Danielle Levy on Mar 06, 2014 at 15:01

Renowned hedge fund manager Crispin Odey has warned that a US turnaround this year could spark a recession in emerging markets. Read more of this post

TED has revolutionised the ideas industry, in part by putting old wine in new bottles

TED has revolutionised the ideas industry, in part by putting old wine in new bottles

Mar 15th 2014 | From the print edition

THE first TED conference in 1984 was such a damp squib that the organisers did not hold a second one for six years. Today TED (which for the uninitiated stands for Technology, Education, Design) is the Goliath of the ideas industry. The heart of the enterprise is TED’s twice-yearly conference at which big ideas are presented in short, punchy talks. On March 17th-21st around 1,200 TEDsters will gather in Vancouver to listen to the likes of Bill Gates and Nicholas Negroponte celebrating TED’s 30th birthday and thinking great thoughts. The conference has also spawned an array of businesses, albeit not-for-profit ones. Read more of this post

Having shaken up the photo business, Shutterstock is now focused on video

Having shaken up the photo business, Shutterstock is now focused on video

Mar 15th 2014 | NEW YORK | From the print edition

THESE days Silicon Alley has a Silicon Skyscraper at its top end. The Empire State Building, once stuffed to the viewing-deck with fusty, dark wood offices, has become home to several geek-filled open-plan floors. First in was the fast-growing New York arm of LinkedIn. Now, complete with gourmet cafeteria and video-game room, it has been joined by Shutterstock, the most successful tech firm to emerge in the Big Apple since it started claiming to be the new home of digital innovation. Read more of this post

Consumers in China: The true meaning of san yao wu

Consumers in China: The true meaning of san yao wu

China’s new consumer law has local and foreign firms worried

Mar 15th 2014 | SHANGHAI | From the print edition

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FIFTY-TWO years ago this week, John Kennedy gave a speech to Congress in which he argued that consumers “are the only important group in the economy who are not effectively organised, whose views are often not heard.” His eloquent plea for their protection led to the United Nations guidelines for consumer protection and to the annual celebration of World Consumer-Rights Day on March 15th. Read more of this post

A tiny Hong Kong store measuring just 12 square metres (130 square feet) has sold for more than €16.5m, as prices reach astronomical levels in a city ranked the most expensive for retailers in the world

Tiny Hong Kong store sells for €16.5m record

Friday 14 March 2014 14.51

A tiny Hong Kong store measuring just 12 square metres (130 square feet) has sold for more than €16.5m, as prices reach astronomical levels in a city ranked the most expensive for retailers in the world. Read more of this post

Why Good Managers Are So Rare

Why Good Managers Are So Rare

by Randall Beck and James Harter  |   8:00 AM March 13, 2014

Gallup has found that one of the most important decisions companies make is simply whom they name manager. Yet our analysis suggests that they usually get it wrong. In fact, Gallup finds that companies fail to choose the candidate with the right talent for the job 82% of the time. Read more of this post

Should You Automate Your Life So that You Can Work Harder?

Should You Automate Your Life So that You Can Work Harder?

by Sarah Green  |   10:56 AM March 13, 2014

Would you pay someone in the Philippines to answer your email for you — even your personal messages? Or hire strangers on the internet to plan your spouse’s big birthday party? Or throw meat, vegetables, and butter into a blender and call it dinner? Read more of this post

How to Deal with Unfamiliar Situations

How to Deal with Unfamiliar Situations

by Srini Pillay  |   10:00 AM March 13, 2014

Have you recently switched jobs or positions and wondered “What’s going on here?” Have you been given a new task or a new technology that’s completely unfamiliar? Are you working with people who come from different backgrounds and not really sure if you’re all on the same page? Dealing with unfamiliar situations and people is challenging, of course, because we don’t yet have everything figured out. Over time, we adjust. But how can we get better at dealing with the new and unfamiliar—from the start? Read more of this post

Why the Greek Yogurt Craze Should be a Wake-Up Call to Big Food

Why the Greek Yogurt Craze Should be a Wake-Up Call to Big Food

by Manny Picciola and Stuart Jackson  |   8:00 AM March 14, 2014

In 2005, Hamdi Ulukaya purchased a yogurt factory in upstate New York that had been shuttered by Kraft Foods. He wanted to use it to produce a line of strained, or “Greek,” yogurt called Chobani. If you’ve been in a grocery store lately, you probably know the rest — the brand caught on quickly. But for years, as Chobani gobbled up market share, the major food companies stuck to their regular lines of yogurt. Chobani went on to become the second largest yogurt seller in the U.S. and cost General Mills, Dannon, and other established players billions of dollars in sales. And new reports say that Chobani is talking with investors about a deal that would value the company at $5 billion. Read more of this post

Aussie biotech’s super condoms get green light for Japan

Aussie biotech’s super condoms get green light for Japan

March 14, 2014 – 3:22PM

Jessica Gardner

The Japanese condom market is worth $500 million a year.

Biotechnology hopeful Starpharma is set to earn first sales from its patented anti-viral and anti-bacterial gel formulation when new condoms that the company claims guard against sexually transmitted diseases hit Japanese shelves in the coming months. Read more of this post

Australian companies are focusing too much on efficiency and too little on growth: departing REA Group CEO Greg Ellis

Australian companies are focusing too much on efficiency and too little on growth: departing REA Group CEO Greg Ellis

Published 14 March 2014 12:17

Jake Mitchell

Outgoing REA Group chief executive Greg Ellis says Australian businesses are hurting the economy by spending too much of their capital on improving existing operations rather than investing in new growth opportunities. Read more of this post

10 Rejection Letters Sent to Famous People

10 Rejection Letters Sent to Famous People

Jennifer M Wood

We’ve all heard that the road to success is paved with failure. But that doesn’t make rejection any easier to swallow. What does help? Knowing that the world’s most talented people have been there, too. Here are 10 actual rejection letters that prove it.

1. U2 Read more of this post

Tipping Point: U.S. Mobile Data Revenues Outweighed Those Of Voice In 2013, On Track For $100B/Year

Tipping Point: U.S. Mobile Data Revenues Outweighed Those Of Voice In 2013, On Track For $100B/Year

Posted yesterday by Ingrid Lunden (@ingridlunden)

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China may be the biggest of all when it comes to the sheer volume of users in its mobile market — 700 smartphone and tablet users, and counting — but when it comes to revenues from the new wave of data services beyond legacy voice calls, it’s the U.S. that continues to lead. New research out today from Chetan Sharma notes that collectively, mobile data revenues in the U.S. market were $90 billion for 2013, and that this year it will become the first country to pass $100 billion annually. Read more of this post

India’s TeaBox Raises Seed Funding From Accel To Build An Online Starbucks For Disrupting Global Tea Market

India’s TeaBox Raises Seed Funding From Accel To Build An Online Starbucks For Disrupting Global Tea Market

Posted 1 hour ago by Pankaj Mishra (@pankajontech)

In a world rediscovering its old tea drinking habits, finding a freshly-brewed cup of the hot beverage is still very tough, especially if you are a tea aficionado based in the U.S. or Europe. For the world’s second most popular beverage after water, the distribution and production models are still very ancient, perhaps waiting for their own version of Starbucks to happen. Read more of this post

It is the nature of governance that determines whether people deploy their talents and energy in pursuit of innovation, production, and job creation, or in rent seeking and lobbying for political protection

KEMAL DERVIŞ

Kemal Derviş, former Minister of Economic Affairs of Turkey and former Administrator for the United Nations Development Program (UNDP), is Vice President of the Brookings Institution.

MAR 13, 2014

Good Governance and Economic Performance

BERLIN – The debate about emerging countries’ growth prospects is now in full swing. Pessimists stress the feared reversal of private capital flows, owing to the US Federal Reserve’s tapering of its purchases of long-term assets, as well as the difficulties of so-called second- and third-generation structural reforms and the limits to “catch up” growth outside of manufacturing. Optimists argue that the potential for rapid growth remains immense, owing to better macroeconomic fundamentals and the promise of best-practice technology spreading throughout the emerging world. Read more of this post

Starbucks gives up exclusive license to high-end Keurig pods

Starbucks gives up exclusive license to high-end Keurig pods

9:20am EDT

(Reuters) – Starbucks Corp (SBUX.O: QuoteProfile,ResearchStock Buzz) will get a wider selection of Keurig Green Mountain Inc’s (GMCR.O: QuoteProfileResearch,Stock Buzz) single-serve K-Cup coffee packs, in exchange for giving up the exclusive license for Keurig’s highest-end coffee packs, the companies said on Friday. Read more of this post

How Steve Jobs Got the iPhone Into Japan

How Steve Jobs Got the iPhone Into Japan

By Mark Milian  Mar 12, 2014

The iPhone, it’s safe to say, is big in Japan. Toward the end of last year, three out of every four smartphones sold in Japan were iPhones, according to market researcher Kantar Worldpanel ComTech. Tim Cook said during Apple’s most recent earnings call that its phone sales in the country shot up 40 percent after it signed a deal with NTT Docomo. Read more of this post

Bill Gates: The Rolling Stone Interview; “In his view, the world is a giant operating system that just needs to be debugged”

Bill Gates: The Rolling Stone Interview

The richest man in the world explains how to save the planet

by JEFF GOODELL

MARCH 13, 2014

At 58, Bill Gates is not only the richest man in the world, with a fortune that now exceeds $76 billion, but he may also be the most optimistic. In his view, the world is a giant operating system that just needs to be debugged. Gates’ driving idea – the idea that animates his life, that guides his philanthropy, that keeps him late in his sleek book-lined office overlooking Lake Washington, outside Seattle – is the hacker’s notion that the code for these problems can be rewritten, that errors can be fixed, that huge systems – whether it’s Windows 8, global poverty or climate change – can be improved if you have the right tools and the right skills. The Bill & Melinda Gates Foundation, the philanthropic organization with a $36 billion endowment that he runs with his wife, is like a giant startup whose target market is human civilization. Read more of this post

Missing plane may cool Malaysia tourism, airline bookings

Missing plane may cool Malaysia tourism, airline bookings

4:04am EDT

By Brian Leonal and Al-Zaquan Amer Hamzah

SINGAPORE/KUALA LUMPUR (Reuters) – Loss-making Malaysian Airline System risks losing out on lucrative corporate business from travelers outside the country in the wake of the disappearance of a China-bound flight carrying 239 people, travel agents warned. Read more of this post

Lessons From Pixar President Ed Catmull: Your Ideas Are “Ugly Babies,” You Are Their Champion

LESSONS FROM PIXAR PRESIDENT ED CATMULL: YOUR IDEAS ARE “UGLY BABIES,” YOU ARE THEIR CHAMPION

PIXAR PRESIDENT ED CATMULL INSISTS THAT EVERY MOVIE THE COMPANY MAKES STARTS OUT “UGLY”–AND THAT EARLY, ILL-DEFINED IDEAS NEED PROTECTION THE MOST, LEST THEY DIE TOO YOUNG.

BY ED CATMULL

After the original leaders of animation left Disney in the 1990s, the new people running things were from production. And they brought their values, which were to keep the production people busy and productive with one movie after another. So story development was organized in the same way they organized production. As a consequence of this “feed the beast” mentality, a balance was lost at Disney. Read more of this post

Chipotle set out to challenge fast food trends and be better than the competition–in the end, they launched a new industry. Here’s how they rose to the top of the fast-food chain

HOW CHIPOTLE CHANGED AMERICAN FAST FOOD FOREVER

CHIPOTLE SET OUT TO CHALLENGE FAST FOOD TRENDS AND BE BETTER THAN THE COMPETITION–IN THE END, THEY LAUNCHED A NEW INDUSTRY. HERE’S HOW THEY ROSE TO THE TOP OF THE FAST-FOOD CHAIN.

BY DENISE LEE YOHN

In 1991, Steve Ells couldn’t afford to eat regularly at the legendary Stars restaurant where he was working as a $12-an-hour line cook. Instead, he was more frequently found gorging himself on giant burritos at a taquería in San Francisco’s Mission District called Zona Rosa. It was there, over a carnitas burrito, that Ells had the insight that would change his life–and American fast food–forever. Read more of this post

The Only 8 Numbers You Need To Do Math

The Only 8 Numbers You Need To Do Math

ANDY KIERSZ MARKETS  MAR. 14, 2014, 6:25 PM

Happy Pi Day!

It’s March 13, or 3/14. Those are the first three digits of Pi, the ratio that enables us to compute the circumference of a circle. Read more of this post