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Jobs, factory, inflation data favor easy Fed policy

February 22, 2013 |

A woman fills out an application for one of the 300 available positions at a new Target retail store in San FranciscoWASHINGTON (Reuters) – A raft of U.S. economic data on Thursday from claims for jobless aid to factory activity and consumer prices pointed to a still tepid recovery and supported the argument for the Federal Reserve to maintain its monetary stimulus. The Fed is currently buying $ 85 billion in bonds per month and has said it would keep up purchases until the labor market outlook improves substantially, although officials are increasingly divided over the wisdom of that course. "The economy is in a holding pattern. …



Business News Headlines – Yahoo! News

Carter: Grandson Won Obama Election

February 22, 2013 |

Carter: Grandson Won Obama Election

AP

Former President Jimmy Carter reveals Obama ran and embraced his grandson after winning reelection and ‘thanked him profusely.’Discovery he says led to Romney defeat

Bait and switch: Fish often not what you ordered

February 22, 2013 |

A new report sheds light on a dirty secret of the food industry: Cheap fish is widely passed off as more expensive varieties, at customers’ expense.A new report sheds light on a dirty secret of the food industry: Cheap fish is widely passed off as more expensive varieties, at customers’ expense.



NBCNews.com: Business

My Top Snapnames Picks for 2/20/2013!

February 22, 2013 |

Here are my Top Picks over at SnapNames for 2/20/2013! Most of these domains are in auction and will end the next 24 hours! There are about 250 domains that all have bids on them over at Snapnames.com. There are some really great domains on this list.

I recently found this great tool to help you guys drop catch! Take a look at the videos and let me know what you think!

Click Here Really give it a try!

Thanks!

David Eccles

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Inside al-Assad’s prisons

February 22, 2013 |

It was a snowy January day in Damascus and 10-year-old Mada al-Zoabi was running downstairs to play in the snow – but then the sight of her father coming home shocked her.
CNN.com – World

TMZ

Lawsuit Claims Investor Scammed Over Lindsay Lohan’s ‘Liz & Dick’

February 22, 2013 |

A producer who is Lindsay Lohan adjacent is accused of scamming an investor out of $ 110,000 — the amount the producer claimed was necessary to insure LiLo on “Liz & Dick.”Michael Braun claims in 2012 … he was approached by a Hollywood…

TMZ.com

Tuning Into the Universe

February 22, 2013 |

TED and The Huffington Post are excited to bring you TEDWeekends, a curated weekend program that introduces a powerful “idea worth spreading” every Friday, anchored in an exceptional TEDTalk. This week’s TEDTalk is accompanied by an original blog post from the featured speaker, along with new op-eds, thoughts and responses from the HuffPost community. Watch the talk above, read the blog post and tell us your thoughts below. Become part of the conversation!

__________________________________________

More…
Huffington Post

Foreign tourists’ spending in U.S. rises to new record

February 22, 2013 |

Spending by foreign visitors rose 10% to $ 168.1 billion in 2012. The greatest increase came from such countries as China, Brazil and India.

The U.S. continues to be a hot destination for big-spending tourists, setting a new record of $ 168.1 billion in foreign visitor spending in 2012.


L.A. Times – Business

Samsung Copies BlackBerry Playbook

February 22, 2013 |

Samsung is now taking aim at Research In Motion’s still-formidable grip on the world’s most security-conscious government and corporate clients.
WSJ.com: What’s News Asia

FastPay Has Provided Digital Media Companies With $100M In Credit

February 22, 2013 |

fastpay logo

FastPay recently announced that it has placed $ 100 million in credit with digital media companies.

That’s $ 100 million used to deal with the common cash flow challenge in the ad business, where it can take 60 days or more to get paid by the advertiser. That can be a problem if, for example, you need to pay the publisher in 30 days. So FastPay provides the funding to help companies deal with those issues. In the company’s words: “We finance the digital ecosystem.”

So the service can be seen as an alternative to one of the other ways that companies deal with cash-flow problems — raising venture capital. In fact, I’ve spoken to two startups who talked about using FastPay instead of raising VC funding.

To fund its operations, FastPay raised $ 25 million in credit, debt and equity last summer. The company has raised more funding since then, said CEO Jed Simon, but he didn’t offer any specifics.

Simon also pointed out that none of FastPay’s customers have defaulted, so the company seems to be making the right bets. It also started working recently with two new client groups, Facebook Preferred Marketing Developers (including Compass Labs) and YouTube Channels. FastPay is already working with “half a dozen” PMDs, including Compass Labs.

As for where the company goes next, Simon said he wants to integrate with other services, so that media companies will have access to FastPay funding through partner services, rather than having to go exclusively to FastPay itself.


TechCrunch