Instead of taking things easy on retirement, an increasing number of older Americans have become entrepreneurs and have taken the risk of forming their own companies, Bloomberg reported.
Industry
Holiday discounts hurt US retailers, boost industry sales overall
Many large US retailers on Thursday dialed back their earnings forecasts because of steep discounts they offered during the holidays. Discounts boosted overall industry sales but hurt profits at many retail chains.
Part 2: The Cultures of Risk—Financing the Startup of Start-up Communities
This part discusses the culture of risk in the developing countries and how it impacts the behavior of local investors and their willingness to finance seed and early stage tech business models.
BlackRock Inc agrees with New York Attorney General to end worldwide analyst survey program
BlackRock will be ending its worldwide analyst survey program as part of its agreement with the office of the New York Attorney General, Reuters reported.
Private equity managers in Asia not inspired by reopening of IPOs in China- report
The reopening of the IPO market in China did not inspire private equity managers in Asia who do not believe that the development would help companies make profitable exits.
Latest News
Borrowing costs for the Eurozone countries that experienced the brunt of the crisis dropped after a high demand from investors for 10-year bonds offered by the Irish government, the Financial Times reported.
With no new gadgets seen to fuel growth, the global technology market is poised for a slight drop in 2014, according to estimates from the Consumer Electronics Association, the Financial Times reported.
The flow of money across the worldwide financial system is still the same as that a decade ago, raising questions about the pace of economic recovery years after the financial crisis, the Financial Times reported.
For mobile game developers like Glu Mobile and Mind Pirate, the next big thing in consumer technology is wearable devices like Google Glass and Samsung Galaxy Gear watch, a Reuters report said.
2013 had been the best sales year for the auto industry as US consumers bought 15.5 million vehicles. Ford Motor Co., Honda Motor Co. and Chrysler Group posted single-digit percentage gains, while General Motors Co. and Toyota Motor Corp. sales declined.
Financial information provider SNL Financial in a report said that the five largest lenders in US control 44.2% of the industry's assets. JPMorgan Chase & Co, Bank of America,Citigroup,Wells Fargo & Co, and US Bancorp have a total of $6.46 trillion in assets.
China said it would give more support to the domestic solar power industry as the government seeks to revamp a sector that is plagued with overcapacity and lower prices, Reuters reported.
The private equity industry worldwide was able to reach $431 billion in fundraising last year, an increase of 13% from the funds raised in 2012, a Preqin study revealed.
Chinese founders of technology firms that have become billion dollar firms have gone on to start other companies or act as benefactors of other startups or give guidance to young firms, the Financial Times reported.
