Business

Hedge Fund Manager Apologizes For Comments On Female Traders

Scott Neuman — Fri, 24 May 2013 21:51:00 +0000

Billionaire Paul Tudor Jones is back-peddling from remarks he made at a symposium last month that motherhood causes women to lose the necessary focus to be successful traders.

"As soon as that baby's lips touched that girl's bosom, forget it," Jones told an audience at the University of Virginia on April 26.

"Every single investment idea ... every desire to understand what is going to make this go up or go down is going to be overwhelmed by the most beautiful experience ... which a man will never share, about a mode of connection between that mother and that baby," he said.

L.A. Blue Jeans Makers Fear Their Business Will Fade Away

Sonari Glinton — Fri, 24 May 2013 21:07:00 +0000

Los Angeles is the world leader in the most American of clothing items: bluejeans. High-end, hand-stitched, designer bluejeans that will you run well over $100 a pair.

But as the U.S.

Battered Jersey Shore Pins Recovery Hopes On Summer Season

editor — Fri, 24 May 2013 20:02:00 +0000

Memorial Day weekend marks the start of the summer travel season, and it's particularly important for the resort communities along the Jersey Shore still suffering the effects of Hurricane Sandy.

In the popular tourist spot Point Pleasant Beach, N.J., it has taken seven months and more than $1 million to make repairs along Jenkinson's Boardwalk.

After repairing the flooded aquarium, rebuilding the miniature golf courses and replacing the damaged planks, contractors were still busy doing final repairs in anticipation of the holiday weekend.

Google Reportedly Faces FTC Antitrust Probe Over Display Ads

Bill Chappell — Fri, 24 May 2013 18:52:00 +0000

The Federal Trade Commission is in the early stages of opening an antitrust probe into how Google runs its online display advertising business, according to a report by Bloomberg News, citing sources who want to remain anonymous because the FTC has not announced the probe.

Google took the lead in the growing display ad market in 2012.

News Corp. Board Approves Company Split

Scott Neuman — Fri, 24 May 2013 18:12:00 +0000

Media empire News Corp., parent of Fox and The Wall Street Journal, will be cleaved into two businesses starting June 28: a publishing arm and one for entertainment.

The plan was first announced a year ago. As we reported at the time:

"News Corp.

Health Insurance At 'Good Prices' Coming To Calif. Exchange

editor — Fri, 24 May 2013 14:57:00 +0000

California just unveiled a wide array of choices for the 5.3 million people expected to qualify to buy coverage through its online marketplace established by the federal health overhaul.

It's the first disclosure of prices in the nation's most populous state for individual health insurance that complies with the Affordable Care Act, and the menu of affordable options surprised some consumer advocates and analysts who had been expecting premiums to be much higher.

"I'm impressed," said Betsy Imholz, director of special projects for Cons

James Joyce Coin-troversy Reportedly Could Have Been Averted

Bill Chappell — Fri, 24 May 2013 14:23:00 +0000

Irish banking officials should have known there were problems with the controversial 10-euro coin commemorating James Joyce, according to Ireland's RTE News.

Financial Markets In The News

editor — Fri, 24 May 2013 09:31:00 +0000

Transcript

RENEE MONTAGNE, HOST:

And for the past few months, global stock markets appeared to be on an escalator going up, relentlessly reaching new highs. This week, that ride seems to be over - or maybe not. To find out, we turn, as we often do, to David Wessel, he's the economics editor of The Wall Street Journal.

Good morning.

DAVID WESSEL: Good morning, Renee.

MONTAGNE: David, put the stock markets into perspective for us. Apart from the day-to-day ups and downs, which we have been seeing, how have the markets been doing?

WESSEL: Well, they've been doing pretty darn well.

The Last Word In Business

editor — Fri, 24 May 2013 09:31:00 +0000

Transcript

DAVID GREENE, HOST:

And our last word in business today, quite a tongue lashing for McDonald's.

Viewers To Decide If Amazon's Sample Shows Make The Cut

editor — Fri, 24 May 2013 09:31:00 +0000

Transcript

DAVID GREENE, HOST:

The popular series "Arrested Development" returns this Sunday with 15 new episodes, released all at once. They're coming from Netflix, which earlier this year, released "House of Cards." Online video companies are producing more of their own shows - not just Netflix, Hulu and Yahoo are getting into the act, as well.

Now, Amazon also wants to join, but they're doing things differently, letting viewers help choose the new lineup.