Citigroup hurt by negligent auditing on failed stress test: Financial Times

Citigroup hurt by negligent auditing on failed stress test: Financial Times

Fri, Mar 28 2014

(Reuters) – Weaknesses in auditing led to Citigroup Inc failing the U.S. Federal Reserve capital assessments, fueling fears that there is negligence in controls at the U.S. bank, the Financial Times reported on Friday citing executives and others sources familiar with the matter. Read more of this post

CEOs: Own the Crisis or It Will Own You

CEOs: Own the Crisis or It Will Own You

by Lauren Leader-Chivée  |   2:58 PM March 26, 2014

The terrible press for GM keeps coming. The New York Times reported this week that GM lied to grieving families about the reasons for their loved ones’ deaths and even aggressively threatened families should they sue the company. This comes on top of recent revelations that GM officials knew about the faulty and deadly ignition switch issue in the Chevy Cobalt for years before recalling the cars. All this hits only months into Mary Barra’s tenure as CEO. While GM’s crisis is dramatic and specific, the crisis and the way Barra is handling it offer a broad array of lessons and a fair dose of controversy about what good leadership looks like and how some in the media judge male and female leaders differently. Read more of this post

Midsize Companies Must Prioritize Ruthlessly

Midsize Companies Must Prioritize Ruthlessly

by Robert Sher  |   8:00 AM March 27, 2014

The world is littered with the hollowed-out shells of firms that tried to do too much and spent too big trying to grow too fast. Many of those firms were midsize companies; they didn’t have the resources of the big firms to sustain setbacks, nor were they scrappy like most small companies, making do with the resources they had. Read more of this post

Where to Find Authentic Entrepreneurs

Where to Find Authentic Entrepreneurs

by William Barnett  |   1:00 PM March 27, 2014

I still remember when Steve Jobs was featured in business school case studies as an example of bad leadership style. At the time, Apple was a less-than-successful computer company, and Steve – ever the loner – had moved on to create Next, another less-than-successful one. When things go poorly for a nonconformist, how easy it is to call them the fool. But on those rare occasions when the loner gets it right – see Jobs a few years later when he returned to Apple – he does so in a big way. Nothing pays off so well as a nonconformist strategy that wins. Read more of this post

On Tuesday, April 1, people in some provinces will be able to watch digital television for the first time in the Thai Kingdom’s history

The arrival of digital TV will be a game-changer across the board

Pradon Sirakovit
Special to The Nation March 29, 2014 1:00 am

On Tuesday, April 1, people in some provinces will be able to watch digital television for the first time in the Kingdom’s history. Read more of this post

Mapping the future: Jack Dangermond, founder of Esri, the market leader in geographic info systems, says passion and good old-fashioned business values are behind

PUBLISHED MARCH 29, 2014

Mapping the future

Jack Dangermond, founder of Esri, the market leader in geographic info systems, says passion and good old-fashioned business values are behind By Anna Teo

image001-20 Read more of this post

Singapore has many key attributes that few others can speak of: PM

PUBLISHED MARCH 29, 2014

Singapore has many key attributes that few others can speak of: PM

The Republic has a First World system in a complicated part of the world

LEE U-WEN

WHEN asked during a dialogue to describe Singapore’s USP – or unique selling point – to the world, Prime Minister Lee Hsien Loong described the country as having many key attributes that few others can speak of – PHOTO: ST Read more of this post

Indonesia’s Population Boom Unsustainable, Experts Warn

Indonesia’s Population Boom Unsustainable, Experts Warn

By Josua Gantan on 09:21 pm Mar 27, 2014

  1.  When the National Population and Family Planning Board, or BKKBN, held its annual meeting on Monday, there was a palpable tension in the room.

Read more of this post

Bamboo-Munching Giant Panda Also Has a Sweet Tooth

Bamboo-Munching Giant Panda Also Has a Sweet Tooth

By Will Dunham on 12:36 pm Mar 28, 2014

  1.  Giant pandas eat plenty of veggies, but apparently they like dessert, too.

Scientists studying the endangered black-and-white bears said on Thursday that while pandas almost exclusively eat bamboo, which contains only tiny amounts of sugars, they showed a strong preference for natural sweeteners in an experiment. Read more of this post

Indonesia Presidential Election May Not Answer Investors’ Prayers

Indonesia Presidential Election May Not Answer Investors’ Prayers

By Andy Mukherjee on 12:24 pm Mar 28, 2014

  1.  The 10 percent jump in Indonesia’s stock market this year is a case of investors’ hopes triumphing over experience.

Read more of this post

Amid Social Media Push, Television Is Still the King in Indonesia

Amid Social Media Push, Television Is Still the King

By Kennial Caroline Laia on 11:40 am Mar 29, 2014

  1.  Indonesians have long been famous for their embrace of social media platforms — Jakarta was last year identified as the Twitter capital of the world, and Indonesia is the fourth most active country on Facebook.

Read more of this post

The great Indian election – It’s about jobs

The great Indian election – It’s about jobs

PATNA, India: Old enough to vote for the first time, student Sheeba Shamim, the daughter of a middle class family, and young construction workers sweating on a nearby building site are impatient for a government in India that delivers jobs and hope for the future. Read more of this post

Malaysia’s Asia File zooms in on M&A potential; “We are more of a European business than a Malaysian one now, as two-thirds of our turnover comes from the European market.”

Published: Saturday March 29, 2014 MYT 12:00:00 AM
Updated: Saturday March 29, 2014 MYT 7:23:45 AM

Asia File zooms in on M&A potential

BY LIZ LEE

Lim: ‘We are quite integrated now.’

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FIVE years since it first went into the European market, stationery maker Asia File Corp Bhd continues to be bullish on the potential for growth there, whether organically or through acquisitions, and its focus now is in continental Europe. Read more of this post

Auditing the auditors: Is the MIA’s latest report a clear snapshot of audit quality in Malaysia?

Published: Saturday March 29, 2014 MYT 12:00:00 AM

Auditing the auditors

BY ERROL OH

Is the MIA’s latest report a clear snapshot of audit quality in Malaysia?

IT’S easy to be sceptical about self-assessment exercises. How many people can be wholly critical and objective when evaluating what they see in the mirror? And surely fewer still are secure and honest enough to share the full results with the rest of the world. Read more of this post

The Deepest Human Life: An Introduction to Philosophy for Everyone

The Deepest Human Life: An Introduction to Philosophy for Everyone Hardcover

by Scott Samuelson  (Author)

Sometimes it seems like you need a PhD just to open a book of philosophy. We leave philosophical matters to the philosophers in the same way that we leave science to scientists. Scott Samuelson thinks this is tragic, for our lives as well as for philosophy. In The Deepest Human Life he takes philosophy back from the specialists and restores it to its proper place at the center of our humanity, rediscovering it as our most profound effort toward understanding, as a way of life that anyone can live. Exploring the works of some of history’s most important thinkers in the context of the everyday struggles of his students, he guides us through the most vexing quandaries of our existence—and shows just how enriching the examined life can be.   Read more of this post

Netflix Runs Into the IT Crowd

Netflix Runs Into the IT Crowd

MIRIAM GOTTFRIED

March 28, 2014 4:28 p.m. ET

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Competitive clouds are forming in Netflix‘s NFLX -1.46% crystal ball. Read more of this post

Accounting Trick Helps Banks Dodge Capital Pain

Accounting Trick Helps Banks Dodge Capital Pain

JOHN CARNEY

March 28, 2014 2:43 p.m. ET

Wall Street is a romantic place these days.

image001-15 Read more of this post

Would You Hire Socrates? It turns out that studying the humanities is not such a bad career move. But its real value lies elsewhere

Would You Hire Socrates?

It turns out that studying the humanities is not such a bad career move. But its real value lies elsewhere.

SCOTT SAMUELSON

March 28, 2014 6:34 p.m. ET

The myth that studying the humanities doesn’t pay was recently exploded by the Association of American Colleges and Universities and the National Center for Higher Education Management Systems. Read more of this post

Seoul’s Missing Ingredient: Chefs; Many of South Korea’s family-owned, down-to-earth restaurants specialize in a single dish that are based on recipes laid down by family matriarchs, but don’t have chefs who create their own sauce base

Mar 25, 2014

Seoul’s Missing Ingredient: Chefs

JEYUP S. KWAAK

Head Chef Hooni Kim with patrons at his inside New York restaurant, Danji

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Ramsay de Give for The Wall Street Journal

Korean cuisine arouses so much national pride that some South Koreans reach into their own pockets to advertise a single dish on major U.S. newspapers. So why are South Korean restaurants often ignored by food critics? Read more of this post

The Myth of Cheaper ETFs; Open-end index funds often charge lower fees-and are at least as tax-efficient

The Myth of Cheaper ETFs

Open-end index funds often charge lower fees—and are at least as tax-efficient.

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MARK HULBERT

Updated March 28, 2014 5:47 p.m. ET

Here is a surprise for most investors: Exchange-traded funds aren’t always cheaper than traditional open-end mutual funds. Read more of this post

Pets Vs. Cattle: The Rising Value of Cloud Computing Skills

Mar 28, 2014

Pets Vs. Cattle: The Rising Value of Cloud Computing Skills

SPENCER E. ANTE

A few months ago, James Weatherell updated his online resume on LinkedIn with his recent experience working with new cloud-computing software known as Open Stack.  Since then, the phone of the 27-year-old computer engineer who works at the Broad Institute of Harvard and the Massachusetts Institute of Technology has been ringing off the hook. Read more of this post

Finances and the Aging Brain: The latest research on why even smart investors fall prey to financial predators

Finances and the Aging Brain

The latest research on why even smart investors fall prey to financial predators

JASON ZWEIG

March 28, 2014 12:12 p.m. ET

BRUCE MARTIN IS nobody’s fool. The former chairman of the chemistry department at the University of Virginia is the author of more than 200 scientific papers and a textbook on biophysical chemistry. After a lifetime of diligent saving, Martin, 84, is also a wealthy man, with several million dollars in assets. Read more of this post

Loyalty to India’s Gandhis Wavers; India’s Ruling Party and its Leading Clan Struggle with Economic Discontent Before Vote

Loyalty to India’s Gandhis Wavers

India’s Ruling Party and its Leading Clan Struggle with Economic Discontent Before Vote

NIHARIKA MANDHANA

March 28, 2014 8:11 p.m. ET

JAGDISHPUR, India—For decades, the farming communities that stretch out around this northern Indian town have elected Gandhis—generations of them. Read more of this post

Advice for a Happy Life by Charles Murray: Consider marrying young. Be wary of grand passions. Watch ‘Groundhog Day’ (again). Advice on how to live to the fullest

Advice for a Happy Life by Charles Murray

Consider marrying young. Be wary of grand passions. Watch ‘Groundhog Day’ (again). Advice on how to live to the fullest

CHARLES MURRAY

Updated March 28, 2014 8:29 p.m. ET

Consider marrying young. Be wary of grand passions. Watch “Groundhog Day” repeatedly. Charles Murray, author of “The Curmudgeon’s Guide to Getting Ahead,” joins the News Hub with some advice for young adults on living a good life. Photo: Getty Images. Read more of this post

Stephen Roach: Is This End Of Chinese Central Planning?

Stephen Roach: Is This End Of Chinese Central Planning?

Tyler Durden on 03/28/2014 20:53 -0400

Authored by Stephen Roach (author of Unbalanced: The Codependency of America and China), via The Jewish Business News,

“Isn’t it now time for China to abandon the concept of a growth target?” Read more of this post

SEC says shuts cloud computing scam targeting Asians, Hispanics

SEC says shuts cloud computing scam targeting Asians, Hispanics

2:56pm EDT

By Jonathan Stempel

(Reuters) – The U.S. Securities and Exchange Commission on Friday said it has shut down a worldwide pyramid scheme that falsely promised fast gains to tens of thousands of Asian-American, Hispanic and foreign investors from cloud computing services. Read more of this post

Amazon.com says not planning free TV service

Amazon.com says not planning free TV service

2:02pm EDT

By Deepa Seetharaman

SAN FRANCISCO (Reuters) – Amazon.com Inc has no plan to offer a free streaming TV service, a spokeswoman said on Friday following a report that the online retailer might turn up the heat against Netflix and Hulu. Read more of this post

Johnson Controls: From A Single Idea To $42.7 Billion In Sales

Johnson Controls: From A Single Idea To $42.7 Billion In Sales

by FastGraphsMarch 27, 2014, 2:58 pm

Johnson Controls (JCI) traces its roots back to an interesting bit of history. One hundred and thirty-one years ago, Warren Johnson was a professor in Whitewater, Wisconsin. It was here that he invented and installed the first electric tele-thermoscope – known today as the thermostat – in his classrooms. The invention served a dual purpose: it kept his students more comfortable and put an end to the hourly interruptions from the janitor checking the rooms’ temperature. Of course we can’t confirm this, but it would be our guess that Professor Warren was a regular student favorite. Read more of this post

As traditional journalism models collapse, billionaires grab the medium and the message

As traditional journalism models collapse, billionaires grab the medium and the message

DAVID SIROTA 

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Journalism, as you learn in your first J-school class, is all about the inverted pyramid. It is the shape that haunts you as a writer and guides you as an editor. And now, as evidenced by Pew’s new report on the state of the news, it is a shape that increasingly defines the media industry’s business model. It also explains why we’re suddenly seeing a raft of new Citizen Kanes’ investing in media and journalism. Read more of this post

Shares of Prince Frog (1259) plunged up to 27.% yesterday after its 2013 earnings fell, and the child-care products maker said it may repurchase shares again

Prince Frog thinks about reverse hop
Friday, March 28, 2014
Shares of Prince Frog International Holdings (1259) plunged up to 27.3 percent yesterday after its 2013 earnings fell, and the child-care products maker said it may repurchase shares again.

The stock hit a one-year low of HK$2.32 before closing at HK$2.38 – down 25.4 percent. It came a day after the Fujian-based firm said net profit last year tumbled 17.2 percent from 2012 to 200 million yuan (HK$249.6 million). Read more of this post