Business

Business
2:25 pm
Tue October 29, 2013

3 Charts (And A Few Words) On The Rise Of Electric Bikes

Electric bikes made by French company Moustache are displayed during the Cycle Show 2013 in Paris last month.
Charles Platiau Reuters /Landov

Originally published on Tue October 29, 2013 4:49 pm

We told you last week about how bicycles are outselling new cars in almost every European country.

When we delved a little deeper into the numbers, we found that while bicycle sales remained steady in a six-year period that began in 2006 (the top chart), sales of electric bikes exploded (the second chart).

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Business
1:57 pm
Tue October 29, 2013

A Japanese iPhone Gadget Teases The Tummy With Food Smells

Simply plug the Scentee device into your iPhone jack and let the scent of grilled meat waft your way.
YouTube

Originally published on Tue October 29, 2013 3:35 pm

Have you ever wished that your iPhone could bring you the smell of coffee, curry or steak?

No? Well, there's a gadget for that.

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Business
11:53 am
Tue October 29, 2013

Top Reviewers On Amazon Get Tons Of Free Stuff

What's this?
Amazon

Originally published on Tue March 18, 2014 3:41 pm

You're on Amazon.com. You're buying, say, a toaster, and you're checking out the customer reviews. You assume the people writing these reviews are people like you — people who wanted a toaster, went online and bought one. As it turns out, a lot of reviews on Amazon are written by people who are nothing like you. They're written by elite reviewers who are sent free merchandise to review products. In other words, it's possible that the guy reviewing that toaster you're looking at wasn't in the market for a toaster to begin with and didn't pay a cent for it.

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Business
10:15 am
Tue October 29, 2013

Consumer Confidence Fell Sharply This Month; Shutdown Blamed

A "For Sale" sign outside a home in the Wicker Park neighborhood of Chicago on Monday.
Scott Olson Getty Images

The 16-day partial shutdown of the federal government and the wrangling in Washington over the nation's finances combined to shake consumers' confidence sharply in October, the private Conference Board reported Tuesday morning.

Its widely watched consumer confidence index dropped to 71.2 from 80.2 in September.

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Business
8:57 am
Tue October 29, 2013

Tuesday Political Mix: Obamacare Official In The Batter's Box

Health and Human Services Secretary Kathleen Sebelius, (who we're sure was not intentionally making the "choke" sign) and Marilyn Tavenner, head of the HHS agency that oversaw the Obamacare website project.
Manuel Balce Ceneta AP

Originally published on Tue October 29, 2013 9:39 am

Good Tuesday morning, fellow political junkies.

As you go through your day, keep this in mind: at least you're not Marilyn Tavenner. When critics of the Obama administration's botched launch of the Affordable Care Act call for heads to metaphorically roll, Tavenner, the top official of the Health and Human Services agency that oversaw the ill-fated website project, is high on that list.

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Business
2:55 am
Tue October 29, 2013

Etsy's New Policy Means Some Items Are 'Handmade In Spirit'

Rae Padulo creates handmade ceramics, like these holiday ornaments, for her Etsy-based company, mudstar ceramics. She's disappointed with the site's new policy to allow outsourced manufacturing. "There's nothing wrong with factory-made," she says, but "that's not what Etsy started out to be."
Courtesy of Rae Padulo

Originally published on Wed October 30, 2013 7:49 am

Under online marketplace Etsy's new policies, vendors can now use an outside manufacturer to help make their goods.

That is not going down well with some longtime sellers, who are calling the new policies a turnaround from the site's original mission.

"Their moniker is, you know, a place to buy handmade. It doesn't say a place to buy factory-made," says Rae Padulo, a potter who began selling dishes and ornaments on Etsy in 2009.

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Business
1:26 pm
Fri October 25, 2013

San Francisco Kitchen Lends Low-Income Food Entrepreneurs A Hand

Two employees of Alicia's Tamales los Mayas prepare tamales in the La Cocina industrial kitchen. Alicia Villanueva, the owner, and her team produce 3,000 to 5,000 tamales every week to sell in the Bay Area.
Courtesy of La Cocina

Originally published on Tue November 5, 2013 11:32 am

San Francisco's Mission District is a cultural crossroads for food, where Mexican bodegas and burrito shops meet gourmet bakeries and cutting-edge California cuisine. It's also home to a kitchen where some of the most promising food startups in the region are getting a boost.

When 52-year-old Alicia Villanueva migrated to San Francisco from Mexico in 2001, she began preparing tamales at home to make a living. She found clientele for her authentic, quality food easily, but says that she struggled to grow the business.

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Business
8:38 am
Tue October 22, 2013

Charity Watchdog Shakes Up Ratings To Focus On Results

Dennis Chestnut stands next to a stretch of the Anacostia River in Washington, D.C., on Oct. 2. Chestnut, who has been working to clean up the Anacostia for decades, says it can take a long time for a nonprofit to see an end result.
Abbey Oldham NPR

Originally published on Tue October 22, 2013 10:29 am

There's one area of the economy that's growing faster than business or government.

According to the Urban Institute, in the 10 years between 2001 and 2011, the number of nonprofits increased 25 percent. But most of them aren't very good at measuring their effectiveness — at least, that's the conclusion of the nonprofit watchdog Charity Navigator, which rates thousands of nonprofits to help donors make decisions on their giving.

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Business
1:07 pm
Tue October 8, 2013

All About The Benjamins: U.S. Introduces New $100 Note

A sheet of uncut $100 bills as they make their way through the printing process at the Bureau of Engraving and Printing Western Currency Facility in Fort Worth, Texas.
LM Otero AP

Originally published on Tue October 8, 2013 9:52 am

After production problems and delays, the Federal Reserve will finally circulate a new $100 bill on Tuesday. The aim of the redesigned bank note is to make it harder to fake: For example, when you tilt the note, the bells and numbers inside a 3-D security stripe will move, and a bell hidden inside the gold inkwell will change color.

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Business
3:05 am
Tue October 8, 2013

Phase 2 Of BP Trial Focuses On Amount Of Spilled Oil

The Deepwater Horizon oil rig is seen burning in the Gulf of Mexico in April 2010. A second phase of the BP trial, which started this week, looks at just how much oil spilled into the Gulf.
Gerald Herbert AP

Originally published on Tue October 8, 2013 12:48 pm

In a New Orleans courtroom this week, BP and the federal government are arguing over how much oil gushed into the Gulf of Mexico after the Deepwater Horizon explosion in 2010.

Oil flowed from the out-of-control well for nearly three months. Just how much oil spilled will be key in determining the amount BP will have to pay in federal fines and penalties.

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Business
5:41 pm
Mon October 7, 2013

In A Debt Crisis, U.S. May Have To Decide Payment Priorities

House Republicans have proposed directing the Treasury Department to pay bondholders first if there is not enough money available to pay all the nation's debts.
Carolyn Kaster AP

Originally published on Wed October 9, 2013 12:02 pm

The government is just 10 days away from defaulting on its debt. Treasury Secretary Jack Lew has said that by Oct. 17, the department will likely have less money on hand than it needs to pay all its bills.

"The reality is that if we run out of cash to pay our bills, there is no option that permits us to pay all of our bills on time, which means that a failure of Congress to act would for the first time put us in a place where we're defaulting on our obligations as a government," Lew said on NBC's Meet The Press on Sunday.

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Business
4:51 pm
Sun October 6, 2013

Tesla Slips From Pedestal That May Have Been Too High

It's been a rough week for Tesla, but extra scrutiny is expected for the new car on the block, says Jake Fisher of Consumer Reports.
Jeff Chiu AP

Originally published on Fri October 18, 2013 9:52 am

Over the last year of so, Tesla motors has received some really good press. But this past week, it's been knocked off its pedestal.

"We're a country that likes to put things up on pedestals and then tear them down from pedestals. We do that with people, I think we do that with things," says Jack Nerad, an analyst with Kelley Blue Book.

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October 2013
6:23 pm
Tue October 1, 2013

Excel For the Benefit of Your Clients

Chornyak Assoc.

I hope you'll take a look at our video for this month.  It's a personal message from me to our clients, potential clients, and friends.  I want you all to know that I love what I do and I'm highly motivated to provide you the best financial counseling possible.  It's a goal that all management and staff at Chornyak & Associates share and strive to achieve in our everyday dealings with you.

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Business
10:10 am
Fri September 27, 2013

eBay To Acquire Payment Processor Braintree For $800 Million

An illustration of online payment service PayPal at LeWeb Paris 2012 in Saint-Denis, France.
AFP/Getty Images

Originally published on Thu September 26, 2013 1:51 pm

Auction site eBay, which owns PayPal, is buying the online and mobile payment company Braintree for $800 million — an acquisition that eBay's CEO calls "a perfect fit."

The deal, announced Thursday, could help eBay as it tries to convince customers to ditch their credit and debit cards and use PayPal instead.

"Braintree is a perfect fit with PayPal," eBay Inc. President and CEO John Donahoe said in a statement.

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Business
1:06 pm
Fri September 20, 2013

Tech Week That Was: New iOS Design And Grand Theft Auto

Grand Theft Auto V raked in more than $800 million in sales in its first 24 hours on the shelves.
Mario Tama Getty Images

Originally published on Fri September 20, 2013 1:47 pm

It's time for the weekly roundup of what happened here on All Tech and on our airwaves, and a look back at the big conversations in technology.

ICYMI

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Business
10:13 am
Fri September 20, 2013

Joy Covey, Who Was Key To Amazon.com's Success, Dies

Originally published on Fri September 20, 2013 10:24 am

"Joy Covey, who helped take Amazon.com Inc. public as the Internet retailer's chief financial officer, died Wednesday when her bicycle collided with a van on a downhill stretch of road in San Mateo County," the Los Angeles Times writes.

She was 50.

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Business
9:44 am
Thu September 19, 2013

Whale Of A Fine: JPMorgan Chase To Pay $920M In Penalties

The JPMorgan Chase building in London, where traders ran up huge losses.
Timur Emek AP

Originally published on Thu September 19, 2013 11:39 am

JPMorgan Chase has agreed to acknowledge that it violated federal securities laws and will pay $920 million in penalties assessed by regulators in the U.S. and U.K. to settle charges related to the huge trading losses racked up by its London traders last year, the Securities and Exchange Commission announced Thursday morning.

As we wrote earlier this week when word of the pending settlement first emerged, this all:

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Business
3:46 am
Thu September 12, 2013

5 Years After Financial Crisis, Are Big Banks Still A Threat?

The headquarters of Lehman Brothers in Times Square in 2008, the year the financial services firm filed for bankruptcy.
Hiroko Masuike Getty Images

Originally published on Thu September 12, 2013 11:30 am

It's been five years since Lehman Brothers collapsed and touched off a banking crisis that is still being felt by the global economy. Today, the banking industry is a lot stronger than it was, but some critics say efforts to reform banking regulations have fallen short of their potential.

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September 2013
4:33 pm
Mon September 9, 2013

Renaissance in U.S. Economic Growth

The U.S. renaissance in energy, manufacturing growth, and the rebound of the automotive industry are bringing about opportunities for investors.  Make sure you catch this video in which Joe Chornyak discusses what he's hearing from portfolio mangers regarding our energy and manufacturing future.

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Business
3:23 pm
Mon September 9, 2013

The Most (And Least) Lucrative College Majors, In 1 Graph

Matt Stiles NPR

Originally published on Thu August 21, 2014 11:04 am

Erin Ford graduated from the University of Texas two years ago with a bachelor's degree in petroleum engineering. Recruiters came to campus to woo her. She got a paid summer internship, which turned into a full-time job after she graduated. Now, at age 24, she makes $110,000 a year.

Michael Gardner just graduated from City College in New York with a degree in psychology. He applied for more than 100 jobs, had trouble getting interviews and worked at Home Depot to make ends meet.

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