Oracle to Buy Responsys for $1.5 Billion for Cloud-Based Marketing Tools; Oracle is using acquisitions to embrace cloud computing and shift away from traditional software

Oracle to Buy Responsys for $1.5 Billion for Marketing Tools

Oracle Corp. (ORCL), the world’s largest seller of database software, agreed to buy Responsys Inc. (MKTG) for about $1.5 billion, gaining marketing software that helps businesses sell to consumers. Read more of this post

If a laptop has a built-in camera, then someone can access it to spy on the user at any time, and the user would never know. “The safest thing to do is to put a piece of tape on your camera”

Researchers activate Apple iSight webcams without warning light

December 19, 2013 – 2:48PM

Ashkan Soltani, Timothy B. Lee

Covering webcam a ‘bandaid solution’

Cautious users are covering their webcams for fear of computer hackers invading their privacy, but the real issue is the threat of malware says security expert Matthew Tett. The woman was shocked when she received two nude photos of herself by email. The photos had been taken over a period of several months – without her knowledge – by the built-in camera on her laptop. Read more of this post

Google is hoarding robots. Here’s what they may be planning.

Google is hoarding robots. Here’s what they may be planning.

By Dominic Basulto, Updated: December 19 at 8:53 am

Just when it seemed like Amazon’s concept for a drone-powered fleet of quadricopters for Amazon Prime Air was going to be the most outlandish idea of the year from the tech sector, along comes the news that Google just acquired Boston Dynamics, the company best known for creating DARPA Atlas robots and “creepy galloping robots” like the BigDog and the Wild Cat. What the heck is going on here? Read more of this post

Billion-Dollar Gains Reach 10 Venture Firms on IPO Boom

Billion-Dollar Gains Reach 10 Venture Firms on IPO Boom

Venture capitalists spent 2013 doing something they haven’t been able to for a while: reaping enormous returns.

At least 10 U.S. venture firms generated more than $1 billion each in returns from initial public offerings and acquisitions this year, according to filings and data compiled by Bloomberg. Consumer Internet, business software and e-commerce companies contributed to the gains. Read more of this post

Amazon vs. Google: It’s A War for the Shopping Search

Amazon vs. Google: It’s A War for the Shopping Search

Ads That Generate Product Photos, Prices Aim to Compete Against Amazon

ROLFE WINKLER

Dec. 19, 2013 1:51 p.m. ET

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Fighting a battle with Amazon.com Inc. AMZN -0.19% to be the preferred entry point for Internet shopping, Google Inc. GOOG +0.14% last year retooled its lucrative search page. Its strategy is showing signs of progress. Read more of this post

Switzerland Seen in No Rush to Abandon Currency Ceiling

Switzerland Seen in No Rush to Abandon Currency Ceiling

Switzerland’s central bank will maintain its cap on the franc for at least another year as a weak euro-region economy keeps policy makers on alert, according to a Bloomberg News survey. Read more of this post

How to Keep Banks From Rigging Gold Prices

How to Keep Banks From Rigging Gold Prices

Authorities around the world are gradually piecing together a shocking picture of how banks have manipulated benchmarks that influence the price of everything from mortgage loans to foreign currencies. Read more of this post

London’s ‘Nappy Valley’ Home Price Gains Outdo Luxury

London’s ‘Nappy Valley’ Home Price Gains Outdo Luxury

Home prices in southwest London areas known as “nappy valley” for their appeal to families have climbed almost twice as fast as those in the city’s prime central neighborhoods this year as local buyers were priced out of the luxury market. Read more of this post

How Secret Currency Traders’ Club Devised Biggest Market’s Rates

How Secret Currency Traders’ Club Devised Biggest Market’s Rates

It’s 20 minutes before 4 p.m. in London and currency traders’ screens are blinking red and green. Some dealers have as many as 50 chat rooms crowded onto four monitors arrayed in front of them like shields. Messages from salespeople and clients appear, get pushed up by new ones and vanish from view. Orders are barked through squawk boxes. Read more of this post

EU Loses AAA Rating at S&P as States’ Creditworthiness Falls

EU Loses AAA Rating at S&P as States’ Creditworthiness Falls (3)

By Bloomberg News December 20, 2013

The European Union lost its top credit rating from Standard & Poor’s, which cited the deteriorating creditworthiness of the bloc’s 28 member nations. S&P cut its long-term rating on the EU to AA+, with a stable outlook, from AAA and maintained its short-term rating at A-1+. The downgrade came after S&P last month lowered its AAA rating on the Netherlands. Read more of this post

Caterpillar Global Sales Down 12%, Crushes Recovery Hopes With Negative Sales Around The World

Caterpillar Global Sales Down 12%, Crushes Recovery Hopes With Negative Sales Around The World

Tyler Durden on 12/19/2013 09:35 -0500

Among other things, the month of November was memorable because for the first time, Caterpillar – that bellwether of the old industrial economy in which “stuff” was actually made, dug out of the ground, erected, or otherwise processed instead of merely hosted ad impressions – posted declining retail sales in every region around the globe. This was the first time of uniform declining retail sales since February 2010. To say that this data conflicts massively with all the rumors, fairytales and lies about a global recovery, is an understatement which is why it has not been mentioned anywhere, in hopes the subsequent month would demonstrate some improvement and perhaps an upward inflection point. That did not happen. Moments ago CAT released its November dealer retail sales: for the second time in a row CAT posted negative retail sales across the world, with total retail sales down a whopping 12%, the lowest since February 2013, and then, going back all the way to 2010. But at least the Fed is tapering because it is convinced the global economy is finally recovering…

 

Boomers as Retail Clerks Shows Why Greenspan Saw Low Growth Era

Boomers as Retail Clerks Shows Why Greenspan Saw Low Growth Era

During his final policy-making meeting as chairman of the Federal Reserve Board, Alan Greenspan glimpsed a force potent enough to trump the law of supply and demand in the world’s largest economy. Read more of this post

Bernanke’s Recession-Fighting Weapon Developed by 1900s Banker

Bernanke’s Recession-Fighting Weapon Developed by 1900s Banker

The first weapon Federal Reserve Chairman Ben S. Bernanke deployed against the worst recession since World War II owes a singular debt to Paul M. Warburg, a banker in the 1900s who understood money markets more than any contributor to the Federal Reserve Act. Read more of this post

Banking union is a sham that solves nothing

December 19, 2013 4:59 pm

European banking union is a sham that solves nothing

By Sony Kapoor

The idea is a distraction from more pressing issues, writes Sony Kapoor

The drumbeat of banking union has drowned out more important and urgent conversations on tackling the severe crisis in Europe. Given the earnestness with which EU leaders talk about the importance of “making progress on banking union”, citizens could be forgiven for thinking it is God’s gift to mankind – or at least that it might stem the eurozone crisis. Read more of this post

Barrick Omen for Gold Miners With $44 Billion Debt: Commodities

Barrick Omen for Gold Miners With $44 Billion Debt: Commodities

Investors in gold mining stocks that have lost about half their market value this year are preparing for even more pain.

The metal is on course for its first annual drop in 13 years and forecast to extend losses in 2014. That’s pushing producers toward stock sales to pay down debt borrowed under more optimistic conditions. The 13 miners on the BI Global Senior Gold Valuation Peers Index increased their borrowings 47 percent in the past two years to $44 billion. It all adds up to more pressure on share prices. Read more of this post

You Can Get Some Big Things Done When It’s Not All About You

You Can Get Some Big Things Done When It’s Not All About You

by Justin Fox  |   9:00 AM December 13, 2013

There was a lunch held last week in New York to celebrate one of the most important American business leaders of the past half-century. It started off conventionally enough: the host and four prominent speakers recounted the deeds and impact of the honoree, at some length. When they had finished, the great man himself, who had been sitting at a table in the audience eating a peanut butter and jelly sandwich, walked to the front of the room. After a few jokes and preliminary remarks, he spent the next ten minutes detailing the accomplishments, in particular the writings, of the people who had just praised him, with specific reading recommendations (the ones I remember are Alan Blinder’s After the Music Stopped, James Grant’s Mr. Speaker!, and Cliff Asness’s “My Top 10 Peeves” in the next issue of the Financial Analysts Journal). Then 84-year-old Jack Bogle walked back to his chair and sat down. Read more of this post

A Formula for Happiness: Social scientists have determined three sources of supreme contentment: genes, events and values

December 14, 2013

A Formula for Happiness

By ARTHUR C. BROOKS

HAPPINESS has traditionally been considered an elusive and evanescent thing. To some, even trying to achieve it is an exercise in futility. It has been said that “happiness is as a butterfly which, when pursued, is always beyond our grasp, but which if you will sit down quietly, may alight upon you.” Read more of this post

Why Your Brain Can’t Handle An All-Day Schedule

WHY YOUR BRAIN CAN’T HANDLE AN ALL-DAY SCHEDULE

NEVER TAKING A BREAK IS THE SUREST WAY TO GET AHEAD, RIGHT? NOT IF YOU NEED TO DO ANYTHING CREATIVE, SAYS SCIENCE.

BY DRAKE BAER

Why do we work so many hours? You could say it’s because you need facetime with the boss. Or it’s a prison passed down from the Industrial Revolution. Or it’s because of a badge-of-honor-martyr-complex. Yet not everybody works all these hours: six of the world’s 10 most competitive countries–Sweden, Finland, Germany, Netherlands, Denmark, and the United Kingdom–have bans on working more than 48 hours a week, to the point that the European Union passed policy to mandate such. So let’s ask some productive questions: What problems does the working-all-the-time mentality create–and how could we get around them? Read more of this post

The Case for Slacking Off

The Case for Slacking Off

by Manfred F. R. Kets de Vries  |   10:00 AM December 10, 2013

I recently asked an executive I coached how many emails she received each day. “Five hundred,” she replied.  ”But I don’t read any of them. If I did, I wouldn’t really be doing my job. Given the work I do, my challenge isn’t obtaining information but figuring out how to push information away so that I don’t suffer from information overload. I need time to think.” Read more of this post

Find Your Inner Mandela: A Tribute and Call to Action

Find Your Inner Mandela: A Tribute and Call to Action

by Rosabeth Moss Kanter  |   10:48 PM December 5, 2013

Don’t just mourn Nelson Mandela. Learn to be Nelson Mandela.

He was the consummate turnaround leader. As the first democratically-elected president of post-apartheid South Africa, he took on and reversed the destructive symptoms of decline, a larger version of what goes on in any organization or community sliding downhill – suppression of information, group vs. group antagonisms, isolation and self-protection, passivity and hopelessness. He began the turnaround with messages of optimism and hope, new behaviors at the top (he even cut his own salary), and new institutions that created more communication and accountability. He created a new constitution with a participatory process that included everyone. He reached out to former enemies, visiting the widow of a particularly odious apartheid leader for tea. He ensured diversity and inclusion of all groups in his Cabinet. He brought foreign investment back to South Africa and empowered the disenfranchised black majority to take positions in those enterprises. Read more of this post

The Three Pillars of a Teaming Culture; this starts with helping everyone to become curious, passionate, and empathic

The Three Pillars of a Teaming Culture

by Amy C. Edmondson  |   12:06 PM December 17, 2013

Building the right culture in an era of fast-paced teaming, when people work on a shifting mix of projects with a shifting mix of partners, might sound challenging – if not impossible. But, in my experience, in the most innovative companies, teaming is the culture. Read more of this post

Mindset: The New Psychology of Success

Mindset: The New Psychology of Success Paperback

by Carol Dweck (Author)

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World-renowned Stanford University psychologist Carol Dweck, in decades of research on achievement and success, has discovered a truly groundbreaking idea–the power of our mindset.
Dweck explains why it’s not just our abilities and talent that bring us success–but whether we approach them with a fixed or growth mindset. She makes clear why praising intelligence and ability doesn’t foster self-esteem and lead to accomplishment, but may actually jeopardize success. With the right mindset, we can motivate our kids and help them to raise their grades, as well as reach our own goals–personal and professional. Dweck reveals what all great parents, teachers, CEOs, and athletes already know: how a simple idea about the brain can create a love of learning and a resilience that is the basis of great accomplishment in every area. Read more of this post

Bill Gates Shares The 7 Best Books He Read In 2013

Bill Gates Shares The 7 Best Books He Read In 2013

FARNAM STREET0DEC 14, 2013, 01.28 AM

Bill Gates presents his seven top reads in 2013. Commenting on the lack of novels on the list, Gates writes: “It’s not that I don’t enjoy fiction. I’ve read The Catcher in the Rye a bunch of times-it’s one of my favorite books ever (and I enjoyed Salinger, the documentary that came out this year). I did read Gary Shteyngart’s Super Sad True Love Story, which was entertaining though it didn’t have as much science fiction as I expected. But I read mostly nonfiction because I always want to learn more about how the world works. And reading is how I learn best.” Read more of this post

Our Dangerous Obsession with External Recognition

Our Dangerous Obsession with External Recognition

by Daniel Gulati  |   8:00 AM December 10, 2013

Rebecca, a tech entrepreneur, would love you to equate her company’s expansive press coverage with real value creation. “Yesterday, we got written up in TechCrunch and LA Magazine, and we all had dinner at Nobu to celebrate!” She will, however, conveniently forget to mention that her startup has yet to settle on a viable business model and has zero paying customers. Read more of this post

An Unexpected Lesson from Mandela: Why Context Matters

An Unexpected Lesson from Mandela: Why Context Matters

by Bhaskar Chakravorti  |   3:48 PM December 11, 2013

During this time of global contemplation on the deep legacy of Nelson Mandela, I realized I have my own connection to this “giant of history,” which traces back to those heady days of South Africa in 1994. What did I learn from him? Business cannot be left alone to be just business, and, as I learned in Pretoria nearly 20 years ago, leaders ignore this bigger picture at their peril. Read more of this post

Family Businesses Shouldn’t Hunt for Superstar CEOs

Family Businesses Shouldn’t Hunt for Superstar CEOs

by Josh Baron and Rob Lachenauer  |   9:00 AM December 6, 2013

It’s a dilemma that faces family businesses all too frequently.

We saw it recently when we worked with a $4 billion global manufacturing business in Hong Kong. The company was managed by the founder, who turned it over to his son when he retired. The two men had created distribution channels, built a supply chain, entered profitable new markets–and, just as importantly, held the family together, ensuring that family members were well taken care of and that family disagreements didn’t harm the business. Read more of this post

The Best Way for New Leaders to Build Trust

The Best Way for New Leaders to Build Trust

by Jim Dougherty  |   8:00 AM December 13, 2013

When I took over as CEO of Intralinks,  a company that provides secure web based electronic deal rooms, the company was hemorrhaging so much cash that its survival was at stake. The service was going down three times per week; we were in violation of the contract with our largest client; our chief administrative officer had just been demoted, and so on. Read more of this post

Even Gifted Students Can’t Keep Up

December 14, 2013

Even Gifted Students Can’t Keep Up

By THE EDITORIAL BOARD

In a post-smokestack age, there is only one way for the United States to avoid a declining standard of living, and that is through innovation. Advancements in science and engineering have extended life, employed millions and accounted for more than half of American economic growth since World War II, but they are slowing. The nation has to enlarge its pool of the best and brightest science and math students and encourage them to pursue careers that will keep the country competitive. Read more of this post

How a former train driver dedicated 26 years to mapping Beijing’s hutongs

How a former train driver dedicated 26 years to mapping Beijing’s hutongs

Sunday, 15 December, 2013, 5:25am

Zhuang Pinghui pinghui.zhuang@scmp.com

Former train driver has dedicated his life since the 1980s to documenting disappearing homes

Shu Liao, 82, an ethnic Manchu, started out driving trains after dropping out of middle school. But he found his calling when he turned to documenting hutongs. For three decades, he has created hand-drawn maps, written essays and taken photographs of the traditional homes in Beijing, working against time to catalogue a disappearing way of life. Read more of this post

Why Michelangelo Was In A Class Of His Own

Why Michelangelo Was In A Class Of His Own

THE ECONOMIST0DEC 14, 2013, 07.49 AM

Michelangelo: His Epic Life. By Martin Gayford. Fig Tree; 662 pages.

LORENZO DE’ MEDICI, ruler of the Florentine Republic, was so taken by a statue carved by an adolescent that he proposed to make the sculptor a member of his household. The boy’s father was not impressed. He told Lorenzo that his family would be demeaned if his son were to become a stonemason. But the youth believed that he had been born to carve stone, and so the father relented. In the Medici court the young sculptor was given a violet cloak, paid five ducats a month and treated as an artist. As it turned out, the sculptor, Michelangelo Buonarroti, was also born to paint, write poetry and be an architect. He even showed considerable talent for military engineering. Read more of this post