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The #DeepThought Curated Press

  • Wednesday, May. 22, 2013
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Business

Tumblr CEO on Mayer and dropping out - Video - Technology

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CNN

money.cnn.com - Contact Us Advertise with Us User Preferences Career Opportunities Business Leader Council Closed Captioning Fortune Magazine Money Magazine Business News Markets Term Sheet Economy Tech Personal F...

Why A Saks-Neiman Marcus Merger Makes Sense

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Huffington Post

huffingtonpost.com - Private equity firm KKR is considering an investment in Saks and may push to merge the upscale department store with rival retailer Neiman Marcus, according to a report from Bloomberg News. It’s un...

'Investment calculator' offers UK investors transparency on fees

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Reuters UK Online

uk.reuters.com - LONDON (Reuters) - A new tool launched on Wednesday promises British investors a way to cut through what its authors call the "smoke and mirrors" used by investment firms to charge hidden fees and ...

Obama threatens veto of House student loan plan

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The Associated Press

bigstory.ap.org - WASHINGTON (AP) — President Barack Obama on Wednesday threatened to veto legislation by House Republicans that would avert a doubling of student loan interest rates on July 1 but allow them to vary...

Latest Economy News | Economy

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Reuters UK Online

uk.reuters.com - LONDON - The number of small companies complaining about bank loans to Britain's top financial arbitrator rose sharply last year, supporting persistent claims by companies they are being denied acc...

Morrisons falls after UBS confirms placing

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Reuters UK Online

uk.reuters.com - LONDON (Reuters) - Shares in Britain's No.4 grocer Wm Morrison Supermarkets fell 3 percent on Wednesday after UBS confirmed it had placed around 100 million shares in the firm at 280 pence for an i...

Bank of England remains split 6-3 against new stimulus

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Reuters UK Online

uk.reuters.com - LONDON (Reuters) - The Bank of England's top policymakers remained split 6-3 against restarting its bond purchase programme for a fourth month in a row in May, amid signs that the economy is improv...

Plunge in retail sales points to fragile economy

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Reuters UK Online

uk.reuters.com - LONDON (Reuters) - British retail sales dropped at their sharpest pace in a year last month, a reminder of weakness in the country's economy after some recent signs of recovery. Sales of food plung...

RBS says no need to issue contingent capital

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Reuters UK Online

uk.reuters.com - LONDON (Reuters) - Royal Bank of Scotland said on Wednesday it would not have to issue contingent capital to meet new regulatory demands and expects to meet the requirements through its existing bu...

UK Mail full-year profit buoyed by e-retail growth

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Reuters UK Online

uk.reuters.com - (Reuters) - Parcel delivery company UK Mail Group Plc reported an 18 percent rise in full-year pretax profit as more thrift-conscious Britons look for online shopping deals. UK Mail, the largest in...

Lloyds says to meet capital demands without extra funds

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Reuters UK Online

uk.reuters.com - LONDON (Reuters) - State-backed Lloyds Banking Group said it would not need to issue new equity or specialist debt in order to meet capital demands set by Britain's financial regulator. The Bank of...

Regulator 'Lukewarm' About Banks' Coco Plans

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Sky News

news.sky.com - The Bank of England's new regulatory arm has cooled its enthusiasm for a new form of capital that could be used to shore up lenders' balance sheets in a future financial crisis. I understand that t...

The House’s IRS hearing: Live updates

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Washington Post

washingtonpost.com - By Aaron Blake on May 22, 2013 at 9:15 am Read Post

AAA: 31.2M drivers to take Memorial Day road trip

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The Associated Press

bigstory.ap.org - It's going to be another busy Memorial Day weekend on the nation's highways. From Thursday through Monday, 31.2 million Americans will drive 50 miles or more to a beach, campground or other getaway...

Why Apple (And Lots Of Other Companies) Wound Up In Ireland : Planet Money : NPR

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NPR News

npr.org - Apple was criticized in a Senate hearing Tuesday for using a complex accounting to minimize the corporate taxes it pays. One key piece of the company's tax strategy: It funnels lots of its profits ...

Everything you could possibly need to know about student loan budgets (with gifs!)

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Washington Post

washingtonpost.com - On Monday, we wrote a post explaining that “No, the federal government does not profit off student loans” (as the original headline put it). A number of people have pushed back at that conclusion, ...

US home sales rise slightly to 4.97 million in April, highest in 3 ½ years; inventories rise - The Washington Post

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Washington Post

washingtonpost.com - Home sales have risen 9.7 percent in the past 12 months, evidence that the housing market is still improving. But sales have been roughly flat since November. The supply of available homes remains ...

Fiat Industrial May Move Tax Base To UK

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Sky News

news.sky.com - Fiat Industrial has confirmed it is planning to move its tax base to the UK from Italy to save it money. The Italian truck and tractor manufacturer said it was mulling the idea of a move to the UK,...

Median CEO pay rises to $9.7 million in 2012

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The Associated Press

bigstory.ap.org - CEO pay has been going in one direction for the past three years: up. The head of a typical large public company made $9.7 million in 2012, a 6.5 percent increase from a year earlier that was aided...

Ben Bernanke to Congress: You’re Doing It Wrong - The Daily Beast

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The Daily Beast

thedailybeast.com - The economy is moving in the right direction, but not fast enough for anyone’s liking. Asset prices are getting a nice lift—in part from the underlying performance of the economy and in part from t...

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Washington Post

washingtonpost.com - May. 21, 2013 - Apple's CEO, Tim Cook is disputing assertions by a Senate panel that the company avoids billions of dollars in U.S. taxes by shifting profits to foreign affiliates. (Associated Press)

Bankrupt Business 13 - Stacks Of Cash

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coast2coastmixtapes.com - Dj Bankrupt Presents: Bankrupt Business 13 - Stacks Of Cash Mixed By: Dj Bankrupt Back to Mixtapes Download Mixtape | Free Mixtapes Powered by DatPiff.com Embed HTML for this Mixtape Dj Bankrupt Pr...

Stretching your retirement dollars - The Washington Post

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Washington Post

washingtonpost.com - I’m a long way from retirement. But as time passes, I’ve become more aware of the challenges of leaving the workforce and trying to live off my savings. It’s hard to stay optimistic, even if you’ve...

Bernanke to Congress: Seriously, guys, what are you doing?

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Washington Post

washingtonpost.com - Ben Bernanke testifies before Congress today for the first time in three months, and the Federal Reserve chairman has a message for lawmakers: You’re the reason the economy isn’t taking off more. O...

SSE: Energy Bills 'Must Rise' As Profits Leap

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Sky News

news.sky.com - The energy firm SSE has warned of more bill increases to come after the bitterly cold start to the year helped profits leap 28% at its household energy arm. The firm - one of the so-called Big Six ...

Millions of Americans don’t have bank accounts. That could be a problem for Obamacare.

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Washington Post

washingtonpost.com - Americans shopping for health insurance under the Affordable Care Act next year might hit an unexpected obstacle: the lack of a bank account. Millions of Americans are expected to qualify for tax s...

Congress to Grill Apple CEO About Taxes - The Daily Beast

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The Daily Beast

thedailybeast.com - The United States could pass some fiddling, complicated patch designed to prevent Apple from doing exactly what it is doing. The most likely to pass, but the least likely to be a good idea. We've "...

Microsoft unveils new Xbox gaming console - Americas - Al Jazeera English

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Al Jazeera English

aljazeera.com - Don Mattrick, president of Microsoft's Interactive Entertainment Business, introduced Xbox One in Washington [EPA]

Federal Execs to Get Millions Despite Cuts - The Daily Beast

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The Daily Beast

thedailybeast.com - In 2011, more than 6,300 cash bonuses were paid to SES members, for a total of $78 million. Among those receiving the rewards were the Nuclear Regulatory Commission, which paid more than $16,000 pe...

Jed Kleckner: Local Businesses Growing With Gen D (Generation Delivery)

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Huffington Post

huffingtonpost.com - Today's get it now society wants more than just a cool phone with instant access to news, friends and family - they want dinner served up too. Mealtime planning has shifted with the generations. In...

Bernanke: It's Too Soon For Fed To End Stimulus

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Huffington Post

huffingtonpost.com - WASHINGTON (AP) — Chairman Ben Bernanke is telling Congress Wednesday that the U.S. job market remains weak and that it is too soon for the Federal Reserve to end its extraordinary stimulus program...

BofA, JPMorgan Chase Say They've Fulfilled National Mortgage Settlement Obligations: Report

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Huffington Post

huffingtonpost.com - Bank of America and JPMorgan Chase say they’ve fulfilled their obligations to troubled borrowers mandated by a settlement the banks agreed to last year, the Los Angeles Times reports. But despite t...

Warren Buffett Heads To Dairy Queen To Serve New S'mores Blizzard

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Huffington Post

huffingtonpost.com - RALSTON, Neb. -- Billionaire Warren Buffett isn't just Berkshire Hathaway's chairman and CEO. He's also the chief salesman. Buffett visited a Dairy Queen in Ralston, Neb., Monday evening to serve u...

As Housing Markets Recover, Wall Street Beats Families To Homes

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Huffington Post

huffingtonpost.com - PHOENIX -- By the values that have long governed American housing, Megan and Danny Gilbertson are precisely the sorts of people who are supposed to now be buying a home. They have good credit, stea...

John McCain Asks Apple CEO Tim Cook: 'Why The Hell Do I Have To Keep Updating My Apps'? (VIDEO)

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Huffington Post

huffingtonpost.com - John McCain had some very tough questions for Tim Cook on Tuesday when the Apple CEO appeared before a Senate Committee for a grilling over the tech company's controversial tax avoidance strategies...

Rand Paul: America Needs To 'Just Apologize To Apple, Compliment Them For Job Creation'

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Huffington Post

huffingtonpost.com - “I’m offended by a government that convenes a hearing to bully one of America’s greatest success stories,” Sen. Paul (R-Ky) said during a Senate committee hearing convened to discuss Apple’s tax pr...

Anthony Weiner Enters 2013 New York Mayoral Race (VIDEO)

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Huffington Post

huffingtonpost.com - Anthony Weiner officially kicked off his New York mayoral campaign late Tuesday with a video announcement posted to YouTube. The former New York congressman resigned in 2011 after posting a lewd ph...

Best Buy Expands Shops After Hit With 'Samsung Experience'

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Huffington Post

huffingtonpost.com - Best Buy chief executive officer Hubert Joly is counting on new, branded mini-stores inside his big box stores to beat online retailers. Joly is in love with Best Buy's new Samsung Experience shops...

Lloyds and RBS: no need to tap investors for fresh capital | Business

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The Guardian

guardian.co.uk - Bailed out banks Lloyds Banking Group and Royal Bank of Scotland were reassuring the City on Wednesday that they would not need to tap investors for fresh capital after completing discussions with ...

Daily chart: Taxing for some

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The Economist

economist.com - America's corporation-tax receipts falter even as company profits soar THE pressure on tax-avoiders is mounting. In the latest episode Tim Cook, Apple’s boss, was called before a Senate subcommitte...

Cable Companies Chafe as Low-Rated Channels Change Brand Names - Bloomberg

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Bloomberg News

bloomberg.com - Cable networks are rebranding themselves, and pay-TV operators aren’t pleased. At least six channels are changing their names and programming this year to attract more viewers, advertising dollars ...

Existing Home Sales at Highest Level in 3 Years - NYTimes.com

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NYT Business

nytimes.com - The National Association of Realtors said on Wednesday that existing home sales had advanced 0.6 percent to an annual rate of 4.97 million units, the highest level since November 2009. The data und...

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