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Food Recycling Law A Hit In San Francisco : NPR

As of Wednesday, the city is requiring residents to discard food waste in a separate bin. The food waste will be turned into compost and sold to farms and vineyards.
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U.N. condemns Israel, U.S. for not sharing Iron Dome with Hamas - Washington Times

U.N. condemns Israel, U.S. for not sharing Iron Dome with Hamas - Washington Times | Business News & Finance | Scoop.it
The United Nations slammed Israel for possibly committing war crimes in its fight against Hamas — and then backed that accusation by suggesting the Jewish nation ought to be sharing its Iron Dome defensive technology with the very terror group it's...
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The Official Website of Cilas Construction

The Official Website of Cilas Construction | Business News & Finance | Scoop.it

Cilas Concrete Construction is owned by Cilas Gilles. Since 1978, Cilas has been working in the construction industry and gaining valuable knowledge and experience. His story is one of overcoming obstacles and achieving the impossible. He worked as a concrete laborer for Blythe and Price and through hard work and determination, he moved up to become a foreman for this flourishing company. Price. Eventually Blythe and Price shut down due to personal reasons and Cilas was motivated to move beyond and aim higher. The owner Jim E. Blythe gave Cilas the idea of going into business on his own due to his leadership and management skills while carrying out various construction projects. In 1996, Cilas became a certified Concrete Contractor in the state of Florida. Cilas then decided to broaden his construction accomplishments and he is currently registered as General Contractor. His dedication, values, and work ethic resonates through every project that he undertakes. Cilas takes pride in passing on the construction torch to his son.

Enol Gilles, graduated with a construction management major at Minnesota State University. Enol has already shown great entrepreneurial promise through the management of various websites, business adventures, and an internship with a notable construction management company in California, all while also being a team captain and running back with great accomplishments for the Minnesota State University football team. Giilles Passed his General Contractors Exam at 24 years old, making him at one time, the youngest General Contractor in South Florida. Gilles says “People say I have accomplished a lot at my age, I say I haven’t accomplished anything yet. My ultimate goal is to improve this family business, which started from blood, sweat and tears, and make it not only a dominant force in the construction industry but also to make it a dominant force in this community.” This dynamic duo is committed to surpassing expectations and providing quality service.

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YouTube star Timothy DeLaGhetto honors parents by paying off their mortgage

YouTube star Timothy DeLaGhetto honors parents by paying off their mortgage | Business News & Finance | Scoop.it
A YouTube star surprised his parents this week with a generous check to pay off the mortgage for the family home. Timothy DeLaGhetto handed his mom and dad a check for $210,000 — and of course Timothy caught the touching scene on video.
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Miami-Dade cop arrested, accused of working with marijuana grow-house operation - Miami-Dade - MiamiHerald.com

Miami-Dade cop arrested, accused of working with marijuana grow-house operation - Miami-Dade - MiamiHerald.com | Business News & Finance | Scoop.it
Roderick Silva faces charges of passing along sensitive police intelligence to criminals who ran a multimillion-dollar string of grow houses.
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Rating Humanity's Response to Detroit's Water Crisis

Rating Humanity's Response to Detroit's Water Crisis | Business News & Finance | Scoop.it

In the coming days, nearly half of Detroit's residents could be left without running water as a crackdown on overdue water bills hits the hard-up city. The crisis has rightly garnered some attention — regionally, nationally, and internationally — and generated some reactions.

Not all of them are good. Here's a breakdown:

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Wages finally rising, which could force Fed to hike MarketWatch First Take

Wages finally rising, which could force Fed to hike MarketWatch First Take | Business News & Finance | Scoop.it

WASHINGTON (MarketWatch) — This is the good news we’ve all been waiting for: Wages are finally rising. And that means the economy is getting strong enough for the Federal Reserve to at least consider raising short-term interest rates to a normal level.

The Bureau of Labor Statistics reported Thursday that the employment cost index rose 0.7% in the second quarter, the fastest growth since 2008. Wages and salaries increased 0.6% (the most in nearly six years), while benefit costs increased 1% (the most in three years).

The rise in benefit costs was largely due to the costs of funding pensions and not providing health insurance. Health-insurance costs are up a modest 2.7% in the past year despite the new requirements of the Affordable Care Act.

The acceleration in compensation suggests that slack in the labor market is fading as nearly 2.5 million jobs have been created in the past year, driving the unemployment rate down to 6.1%.

The July employment report, to be released Friday, should show further progress, with the jobless rate falling to 6%, according to forecasts of economists surveyed by MarketWatch. Special attention will be paid to the growth in average hourly earnings, which have also accelerated slightly this year.

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Target names new CEO: 3 ways he can become a retail legend

Target names new CEO: 3 ways he can become a retail legend | Business News & Finance | Scoop.it
After a three month search Target (TGT) has found a new CEO. 55-year old Brian Cornell will become only the fourth person to head the company since 1984 and the first outsider to move straight into the top post. It's a smart move by Target's board. The nation's second largest mass-market discounter is coming off years of missteps and a humiliating 2013 full of scandals, revolts and credit card fraud. The place needed new blood and Cornell, with ten years experience at Pepsi (PEP) and three years heading Walmart's (WMT) Sam's Club stores seems like the right man for the job. That doesn't mean it's going to be easy. I'm sure Brian has a pretty good handle on the situation but as the only person I know who actually gets choked up at the sight of a well-run store I can't help but offer a three step strategy that I think will get the Cornell era off to a bang-up start.
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German Jews Warned: Avoid Being Publicly Recognizable as Jews

German Jews Warned: Avoid Being Publicly Recognizable as Jews | Business News & Finance | Scoop.it
In a startling report from German media, we learn that the former president of the Central Council of Jews in Germany, Charlotte Knobloch, told Jews living in Germany to avoid being recognizable as a Jew in public in order to avoid being attacked. Knobloch went further. She said that German Jews are increasingly threatened, and that the level of danger is the worst it has been since 1945. The excuse this time is dressed up as humanitarian concern for civilians in Gaza. But there always is some flimsy excuse which evanesces under the slightest ray of inspection. Just one example of current German hostility to Jews was an effort by three men to set fire to a synagogue in Wuppertal-Barman overnight on July 28. The culprits used molotov cocktails (as if further reminders of World War II were necessary) in an attempt to raze the synagogue. But Knobloch wasn’t suggesting that it was an acceptable solution for Jews to cower like mice and hope no one notices their Jewishness. She said that it was not acceptable for Jews in Germany to again be the victims of attacks and insults. “When synagogues burn, it is time for all leaders to ask: ‘What must we do to protect Jewish citizens!’” Knobloch also decried the intolerable Jew-baiting, incitement against Jews and calls for violence. She pointed out the particular irony of such behavior constituting an abuse of the freedoms of expression and assembly, and dressed-up as a humanitarian response to the deaths in Gaza. This 81-year old German Jewish woman did not only criticize those who are inciting against Jews, she also demanded to know where were the other German citizens who are not responding to the anti-Semitic outrages, instead remaining silent. Again. “The general public is silent,” Knobloch said. “Whoever is silent now affirms what is happening!”
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USDA Secretary Announces Creation of Foundation for Food and Agricultural Research

WASHINGTON, July 23, 2014 -- Agriculture Secretary Tom Vilsack today announced the creation of the Foundation for Food and Agricultural Research (FFAR) and the appointment of a 15-member board of directors. The new foundation will leverage public and private resources to increase the scientific and technological research, innovation, and partnerships critical to boosting America's agricultural economy.

Authorized by Congress as part of the 2014 Farm Bill, the foundation will operate as a non-profit corporation seeking and accepting private donations in order to fund research activities that focus on problems of national and international significance. Congress also provided $200 million for the foundation which must be matched by non-federal funds as the Foundation identifies and approves projects.

"Studies have shown that every dollar invested in agricultural research creates $20 in economic activity," said Vilsack. "Investments in innovation made over the past several decades have developed new products and new procedures that have been critical to the continued growth of American agriculture. We must continue to make strategic investments in research and technology if we are to remain leaders in the global economy."

The research funded by the Foundation for Food and Agricultural Research will address issues including plant and animal health; food safety, nutrition and health; renewable energy, natural resources, and environment; agricultural and food security; and agriculture systems and technology.

The foundation's board of directors was chosen to represent the diverse sectors of agriculture. Seven of these board members were selected by the unanimous vote of the board's five ex-officio members from lists of candidates provided by industry, while eight representatives were unanimously elected from a list of candidates provided by the National Academy of Sciences. Congress mandated that the ex-officio members choose the initial 15 board members from among the lists provided by these two groups. However, new board members now have the option of adding additional members if they so choose. Secretary Vilsack said today he hoped the board would exercise its prerogative to add more members to expand the board's diversity.

In announcing the 15-member FFAR board today, Vilsack remarked, "Public-private partnerships are vital to the agricultural research community, and this is reflected in the membership of the foundation's board of directors."

The 15 voting members are:

Dr. Kathryn Boor - the Ronald P. Lynch Dean of the College of Agriculture and Life Sciences, Cornell UniversityDr. Douglas Buhler - Director of AgBioResearch and Senior Associate Dean for Research for the College of Agriculture and Natural Resources, Michigan State UniversityDr. Nancy Creamer - Distinguished Professor of Sustainable Agriculture and Community Based Food Systems, North Carolina State UniversityDr. Deborah Delmer - Professor Emeritus of Biology, University of California-DavisThe Honorable Dan Glickman - former U.S. Secretary of Agriculture, current Executive Director of the Aspen Institute's Congressional ProgramDr. Robert Horsch - Deputy Director, Bill & Melinda Gates FoundationPamela Johnson - Chairwoman, National Corn Growers AssociationDr. Mark E. Keenum - President, Mississippi State UniversityDr. Michael Ladisch - Director of the Laboratory of Renewable Resources Engineering and Distinguished Professor of Agricultural and Biological Engineering, Purdue UniversityDr. Christopher Mallett - Vice President of Research & Development, Cargill, Inc.Dr. Pamela Matson - Chester Naramore Dean of the School of Earth Sciences, the Richard and Rhoda Goldman Professor of Environmental Studies and Senior Fellow at the Woods Institute for the Environment, Stanford UniversityDr. Terry McElwain - Associate Director and Professor, Paul G. Allen School for Global Animal Health, and Executive Director, Washington Animal Disease Diagnostic Laboratory, Washington State UniversityDr. Stanley Prusiner - Director of the Institute for Neurodegenerative Diseases and Professor of Neurology, University of California-San Francisco and 1997 Nobel laureate in physiology or medicineDr. Yehia "Mo" Saif - Professor Emeritus, The Ohio State UniversityDr. Barbara Schaal - Dean of the Faculty of Arts & Sciences and Mary-Dell Chilton Distinguished Professor at Washington University in St. Louis.

More detailed biographical information for the FFAR Board of Directors can be found here.

The five ex-officio board members, all of whom were designated by Congress, are Vilsack; Dr. Catherine Woteki, USDA's Under Secretary for Research, Education, and Economics and Chief Scientist; Dr. Chavonda Jacobs-Young, Administrator of the USDA's Agricultural Research Service; Dr. Sonny Ramaswamy, Director of the USDA's National Institute of Food and Agriculture; and Dr. France A. Córdova, Director of the National Science Foundation.

In a time of federal budgetary restraints, the new foundation is another innovative way to continue and expand investment in agricultural research. FFAR will complement existing Federal and Federally-funded agricultural science research endeavors and accelerate solutions to the challenges American agriculture.

Today's announcement was made possible by the 2014 Farm Bill. The Farm Bill builds on historic economic gains in rural America over the past five years, while achieving meaningful reform and billions of dollars in savings for taxpayers. Since enactment, USDA has made significant progress to implement each provision of this critical legislation, including providing disaster relief to farmers and ranchers; strengthening risk management tools; expanding access to rural credit; funding critical research; establishing innovative public-private conservation partnerships; developing new markets for rural-made products; and investing in infrastructure, housing and community facilities to help improve quality of life in rural America. For more information, visit www.usda.gov/farmbill.

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USDA is an equal opportunity provider and employer. To file a complaint of discrimination, write to USDA, Assistant Secretary for Civil Rights, Office of the Assistant Secretary for Civil Rights, 1400 Independence Avenue, S.W., Stop 9410, Washington, DC 20250-9410, or call toll-free at (866) 632-9992 (English) or (800) 877-8339 (TDD) or (866) 377-8642 (English Federal-relay) or (800) 845-6136 (Spanish Federal-relay)

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GNG's curator insight, July 28, 1:15 PM

Exciting news from Capitol Hill today!

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About Chaski Group

About Chaski Group | Business News & Finance | Scoop.it
What is Chaski GroupChaski Group provides new world vision and solutions based on old world values.  Utilizing the latest techniques and tools to keep your business and organization ahead of the curve and bring you results. Relationships and personal attention to every client remain the foundation of our approach.
Chaski Group brings over twenty years of experience in global market development, trade policy and negotiations, and development assistance to leverage success for your company.   
Who is Chaski GroupChaski Group is founded by Rebecca Bratter, a global trade professional with over 20 years of experience in agricultural trade promotion, trade policy and development assistance. She has worked closely with global private sector, governmental and multilateral representatives in over 30 countries with the distinct goal of helping stakeholders understand each other and achieve their respective objectives to further trade and business goals. 
She has collaborated closely with several agricultural and non-profit groups to create roadmaps for success by building trade policy programs with stakeholder input, realigning funding and resource priorities for success and advancement, defining strategic objectives for industries to move ahead of the curve, and creating non traditional innovative approaches and partnerships to advance agendas.  While a city girl by upbringing, Rebecca’s heart is in the countryside both in the US and abroad. She was not raised on a farm but with a strong belief in agriculture as a critical engine of the global economy, she believes in furthering farmer/producer and agribusiness interests while ensuring that the benefits make life better for the growers, producers, and innovators.  This applies not only to the US agricultural sector but to the smallest land owner subsistence farmer in isolated rural African villages who with the right assistance, have the opportunity to make their own lives better for themselves and future generations. She is an avid dancer, yogi, pilates enthusiast and rock wall climber.  Rebecca lives in the DC area with her beloved husband and their aussiedoodle puppy, Madiba.
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The Big List of The 61 Best Social Media Tools

The Big List of The 61 Best Social Media Tools | Business News & Finance | Scoop.it
This post is in partnership with Buffer. The article below was originally published on Buffer. Banana Republic and Susan’s Neighborhood Shirt Shop could be using the same social networks—Twitter, Facebook, Google+, etc.—but their marketing plans and their marketing tools are likely quite different. Enterprise solutions are great for the big guys, but the rest of us are in the market for something more our size.
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Israel and Vietnam - The New York Sun

Israel and Vietnam - The New York Sun | Business News & Finance | Scoop.it
There’s an insight into Secretary of State Kerry’s view of Israel in the New Republic’s reprise of the collapse of the Obama administration’s attempt last year to broker a peace with the Palestinian Arabs.
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Electronics Manufacturers Bet Big on Vietnam

Electronics Manufacturers Bet Big on Vietnam | Business News & Finance | Scoop.it
Attracted by low labor costs and other advantages, global electronics manufacturers invested billions in Vietnam over the past few years.
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Florida Gubernatorial Unfiltered: Libertarian Wyllie pledges 30 brewery tour in 30 days

Florida Gubernatorial Unfiltered: Libertarian Wyllie pledges 30 brewery tour in 30 days | Business News & Finance | Scoop.it

TALLAHASSEE -- Fresh off his surprising showing in a Quinnipiac University poll last week,Libertarian gubernatorial hopeful Adrian Wyllie is kicking off a 30-day, statewide craft brew tour today -- from Fort Myers Brewing Co. to Orlando Brewing, Pensacola's McGuire's Irish Pub and Brewery, and all pub points in-between.

In what is clearly a campaign communications mix-up, accommodations for traveling media were not immediately available.

Seriously, Wyllie is using the extended, statewide pub crawl to draw attention to himself but also the legislative battle over beer-growlers and distribution for Florida's growing craft brew industry.

From the release:

Wyllie is receiving support from craft brewers as they learn of the parallel David vs. Goliath fight Wyllie is in, as the craft brewers were in this past Florida legislative session. In between visits to breweries, Wyllie will be conducting media interviews as well as attending candidate forums.

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Speaking about the month-long tour, Wyllie said, "This campaign tour rivals anything Rick Scottand Charlie Crist are doing. We're playing in the big leagues now."

...

We doubt Wyllie will be borrowing Rick Scott's jet or one of Charlie Crist's cronies' jets, but he will traverse across the state arriving at the Saltwater Brewery at 1701 W Altantic Avenue in Delray Beach, Florida for another meet and greet from 5:00 p.m. to 6:00 p.m. on Saturday, August 2, 2014, before heading over to Coral Springs' Big Bear Brewing Co. on North University Drive at 11:00 p.m.

Here is a list of the remainder of Wyllie's tour (some dates/breweries may be added over the next few weeks):

August 3, 2014 - 4:00 p.m. - Seadog Tavern Key West Brewery, 628 Duval Street, Key West, Florida

August 4, 2014 - 6:00 p.m. - Sarasota Brewing Co., 6607 Gateway Avenue, Sarasota, Florida

August 7, 2014 - 7:00 p.m. - Dunedin Brewery, 937 Douglas Avenue, Dunedin, Florida

August 8, 2014 - 7:00 p.m. - Copp Brewery, 11 NE 4th Avenue, Crystal River, Florida

August 9, 2014 - 7:00 p.m. - Swamp Head Brewery, 3140 SW 42nd Way, Gainesville, Florida

August 10, 2014 - 4:00 p.m. - MoMo's Pizza and Brew, 1410 Market Street, Tallahassee, Florida

August 11, 2014 - 7:00 p.m. - The Wild Rover Pub & Brewery, 8740 North Mobley Road, Odessa (Keystone), Florida

August 13, 2014 - 7:00 p.m. - Barley Mow Brewing, 518 West Bay Drive, Largo, Florida

August 14, 2014 - 7:00 p.m. - Sea Dog Brewing Co., 26200 US Highway 19 North, Clearwater, Florida

August 16, 2014 - 3:00 p.m. - Green Room Brewing, 228 Third Street North, Jacksonville, Florida

August 16, 2014 - 5:00 p.m. - Seven Bridges Craft Beer, 9735 Gate Parkway North, Jacksonville, Florida

August 17, 2014 - 2:00 p.m. - Crispy's Beer and Wine Bar, 604 Barnes Blvd, Rockledge, Florida

August 17, 2014 - 5:00 p.m. - Orlando Brewing Co., 1301 Atlanta Avenue, Orlando, Florida

August 19, 2014 - 7:00 p.m. - Motorworks Brewing, 1014 Ninth Street West, Bradenton, Florida

August 20, 2014 - 7:00 p.m. - Florida Avenue Brewing Company, 4101 North Florida Avenue, Tampa, Florida

August 21, 2014 - 6:00 p.m. - Sailfish Brewing, 407 North Second Street, Fort Pierce, Florida

August 22, 2014 - 6:00 p.m. - Cocoa Beach Brewery, 150 N Atlantic Ave, Cocoa Beach, Florida

August 23, 2014 - 5:00 p.m. - Cask & Larder, 565 West Fairbanks Avenue, Winter Park, Florida

August 23, 2014 - 9:00 p.m. - Redlight Redlight Craft Beer Parlour, 2810 Corrine Drive, Orlando, Florida

August 24, 2014 - 4:00 p.m. - 3 Palms Brewing, 1509 Hobbs Street, Tampa, Florida

August 24, 2014 - 6:00 p.m. - St. Petersburg Brewing Co., 544 First Avenue North, Saint Petersburg, Florida

August 26, 2014 - 7:00 p.m. - Cigar City Brewing, 3924 West Spruce Street, Tampa, Florida

August 27, 2014 - 7:00 p.m. - Rapp Brewing, 10930 Endeavor Way, Seminole, Florida

August 28, 2014 - 7:00 p.m. - Darwin's on 4th, 1525 Fourth Street, Sarasota, Florida

August 30, 2014 - 1:00 p.m. - Uncle Ernie's Bayfront Grill & Brew House, 1151 Bayview Avenue, Panama City, Florida

August 30, 2014 - 5:00 p.m. - Props Craft Brewery, 255 Miracle Strip Parkway, SE, Fort Walton Beach, Florida

August 30, 2014 - 9:00 p.m. - McGuire's Irish Pub and Brewery, 600 East Gregory Street, Pensacola, Florida

 

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YouTube star Timothy DeLaGhetto honors parents by paying off their mortgage

YouTube star Timothy DeLaGhetto honors parents by paying off their mortgage | Business News & Finance | Scoop.it
A YouTube star surprised his parents this week with a generous check to pay off the mortgage for the family home. Timothy DeLaGhetto handed his mom and dad a check for $210,000 — and of course Timothy caught the touching scene on video.
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Parents plead forgiveness for late daughter's $200K student-loan debt

Parents plead forgiveness for late daughter's $200K student-loan debt | Business News & Finance | Scoop.it
For Steve and Darnelle Mason, coping with the 2009 death of their daughter Lisa is traumatic enough, but the California couple’s...
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Disgruntled Demoted Exec Shoots CEO, Kills Self: Chicago Police

Disgruntled Demoted Exec Shoots CEO, Kills Self: Chicago Police | Business News & Finance | Scoop.it
A disgruntled executive who had recently been demoted at work shot his boss Thursday, critically wounding him, before taking his own life at a Chicago high-rise office, police
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Gas prices could keep falling after biggest July drop in 6 years

Gas prices could keep falling after biggest July drop in 6 years | Business News & Finance | Scoop.it

Gasoline prices posted their largest July decline in six years, with prices dropping 16 cents a gallon on average in the month, travel and leisure company AAA said Thursday.

Thursday’s national average price was $3.52 a gallon, AAA said.

Gas prices averaged $3.60 a gallon for the month, compared with $3.58 a gallon in July 2013. Higher gas prices early in July accounted for the higher monthly average versus last July, AAA said. Prices averaged $3.67 per gallon last month.

Drivers usually pay higher gasoline prices in July with the summer driving season is in full swing, but record refinery production month has kept markets well supplied, it added.

The break at the pump is likely to continue in August, the company said. The biggest threat to it would be a major hurricane striking the Gulf Coast, the heart of the U.S. refinery industry. Prices would also rise if refineries cut back on production or in case of a major refinery outage.

U.S. refineries have processed the most crude oil on record during the previous four weeks, averaging 16.5 million barrels per day, according to the Energy Information Administration.

“This has led to very high utilization rates, particularly for refineries that have access to North American crude oil supplies,” AAA said.

In past years, July was marked by significant demand and occasional problems with refinery production. Between 2011 and 2013, gas prices nationally increased in July by an average of 16 cents per gallon, AAA said.

 
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Target, for First Time, Chooses an Outsider as C.E.O.

Target, for First Time, Chooses an Outsider as C.E.O. | Business News & Finance | Scoop.it

Coming off a series of setbacks, Target named a new chief executive on Thursday, bringing in an outsider to lead the company for the first time. The move was a clear sign that the retailer was casting aside its longtime custom of promoting top executives from within as it looked to right itself.

The new chief, Brian Cornell, will help the company continue to address the damage done by last year’s extensive breach of customer information, as well as face problems including a disappointing expansion into Canada and a competitive online market. Mr. Cornell was most recently chief executive at PepsiCo Americas Foods, a role in which he oversaw the company’s global food business. Before joining PepsiCo in 2012, he had been chief executive at Sam’s Club and Michaels Stores, as well as an executive at Safeway.

“I am honored and humbled to join Target as the first C.E.O. hired from outside the company,” Mr. Cornell said.

 

The last eight months have been excruciating for Target. At the height of the holiday shopping season, it was revealed that criminals had hacked the retailer and stolen personal and payment information of tens of millions of Target shoppers. Customer confidence was shaken at the worst possible time of year, and executives said it had a noticeable effect on the bottom line.

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Brian Cornell succeeds Gregg Steinhafel, who resigned from Target on May 5. CreditBusiness Wire

The company’s problems extend deeper, however. Last year, Target lost $941 million in Canada when it tried to open more than 100 stores in just months. In that effort, its first foray outside the United States, it encountered serious inventory problems and had trouble keeping its shelves stocked.

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G.E.’s Retail Finance Arm Raises $2.9 Billion in I.P.O. - NYTimes.com

G.E.’s Retail Finance Arm Raises $2.9 Billion in I.P.O. - NYTimes.com | Business News & Finance | Scoop.it
General Electric‘s retail lending arm, the financial power behind the private-label credit cards for the Gap and Amazon.com, raised about $2.9 billion in its initial public offering on Wednesday, as the industrial conglomerate moves to shrink its once-enormous finance division. The business, now known as Synchrony Financial, priced its shares at $23 each, at the low end of its expected price range. That values the newly independent company at $19.1 billion. One reason why underwriters priced the offering at the low end of the range was because comparable publicly traded companies, including Discover Financial, also traded down during the road show for investors, people briefed on the matter said. Still, the offering was oversubscribed. Synchrony’s I.P.O., the largest in the United States so far this year, constitutes one of the biggest steps yet by G.E. to reduce its dependence on GE Capital. The division was once the biggest driver of its earnings, but ultimately wounded the business titan during the financial crisis. G.E. has since moved to shed assets outside its core industrial and health care businesses. Synchrony, whose roots date to 1932, has long been seen within G.E. as a nonessential part of GE Capital. It is the biggest provider of store-branded credit cards in the country, having financed $93.9 billion in sales last year. The business earned nearly $2 billion in profit, atop $11.3 billion in revenue. Yet the stock sale will not end G.E.’s ties to the business. The conglomerate is not selling any shares in the I.P.O. and will retain a roughly 85 percent stake in Synchrony until late 2015. Synchrony is expected to begin trading on the New York Stock Exchange on Thursday under the ticker symbol SYF. Its stock sale was led by Goldman Sachs and JPMorgan Chase.
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Seven Spots Where David Beckham Could Build His Stadium in Broward County

Seven Spots Where David Beckham Could Build His Stadium in Broward County | Business News & Finance | Scoop.it

Miami-Dade has given David Beckham a hard time in finding a place for his new soccer stadium. So now the rumblings have begun: He and his investors are considering Broward County.

 

Some say it's an empty threat made only to pressure Miami.

But before anyone scoffs at the idea of Beckham's putting his soccer stadium in Broward (we're looking right at you, Miami), consider this: Broward has pretty much everything Beckham seems to be asking for (except for, you know, the name Miami).

Beckham has stated his desire to be on the water. And Broward has plenty of seaside and other waterside locations to be considered. Fort Lauderdale is known as the Venice of America, for crapsake! Not only that but Broward has space. Lots and lots of open space. Look around. In between the restaurants, beaches, and malls.

Space and water -- two things Miami can't seem to deliver.

And Broward leaders are apparently serious in trying to woo Beckham to look north. Broward Mayor Barbara Sharief has asked leaders to come up with lists of possible spots for Beckham to build his stadium.

But we've gone ahead and compiled our own list of seven locations he should consider.

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Obama Expands African Leaders Initiative to Foster Ties

Obama Expands African Leaders Initiative to Foster Ties | Business News & Finance | Scoop.it

President Barack Obama said the U.S. is expanding an initiative to develop and train political and economic leaders in Africa.

Obama is expanding a U.S.-based program for young African leaders, and the U.S. Agency for International Development is providing $38 million to create leadership centers in Ghana, Kenya, South Africa and Senegal. It is drawing contributions from companies including Microsoft Corp. (MSFT:US), Dow Chemical Co.(DOW:US) and Intel Corp. (INTC:US) to keep the programs going.

Addressing 500 young African leaders in Washington, Obama said a prosperous and self-reliant Africa is crucial to global security and economic growth.

VIDEO: Obama Seeks Closer Energy Ties With Chile

“We have to make sure we are seizing the extraordinary potential of Africa,” Obama told the group.

The meeting, which included a question-and-answer session with the president, is a prelude to a three-day summit of U.S. and African leaders next week in Washington.

Obama said he is renaming a scholars program he announced a year ago for the late South African leader Nelson Mandela, who died Dec. 5 at the age of 95.

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After spending almost three decades in a South African prison under white minority rule known as apartheid, he became the nation’s first democratically elected president in 1994, and led the country out of racial discord.

The initiative reflects Mandela’s “optimism, his idealism, his belief in what he called ’the endless heroism of youth,’” Obama told the audience. It is “a long-term investment” in Africa and its people.

U.S. Study

Under the program, Africans aged 25-35 study at 20 top U.S. universities. It’s part of the U.S. investment program in Africa to strengthen democracy, spark economic growth and boost the odds “for peace and security in Africa,” according to a White House statement today.

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0bama cited the work of fellowship members, one of whom is fighting against sex slavery and pushing for women’s rights. Another is working on a program to help generate electricity so farmers could irrigate crops.

“I want to make sure the United States of America will be your friend and partner every step of the way,” Obama said, leading to new businesses. “There are ways you can make a difference.”

The regional leadership centers are set to open by 2015 to provide leadership training as well as entrepreneurship services, including mentoring, technology and access to capital.

STORY: U.S. Sanctions Finally Hit Russia Where It CountsAfrica’s Potential

Political turmoil and violence has been a drag on growth for some African economies, though the potential for expansion on the continent has drawn investment.

A McKinsey & Co. report released last week said that Nigeria has the potential to be one of the world’s top 20 economies by 2030 with a consumer base exceeding the current populations of France and Germany.

Africa’s biggest economy has consistently posted annual growth rates in excess of 4 percent over the past decade, spurring foreign investors such as Unilever Plc (ULVR), Nestle SA (NESN) and Shoprite Holdings Ltd. (SHP) to expand operations despite an upsurge in violence by militants in the north.

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In South Africa, the continent’s second-largest economy, growth has been curbed by labor strife. The central bank last week cut its economic growth forecast for this year to 1.7 percent from 2.1 percent.

To contact the reporter on this story: Roger Runningen in Washington at rrunningen@bloomberg.net

To contact the editors responsible for this story: Steven Komarow at skomarow1@bloomberg.net Joe Sobczyk

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When Media Mergers Limit More Than Competition - NYTimes.com

When Media Mergers Limit More Than Competition - NYTimes.com | Business News & Finance | Scoop.it
The much-admired Supreme Court Justice Hugo Black may be rolling in his grave at the prospect of a merger between 21st Century Fox and Time Warner Inc., which would reduce control of the major Hollywood studios to five owners, from six, and major television producers to four, from five. “The widest possible dissemination of information from diverse and antagonistic sources is essential to the welfare of the public,” he wrote in the majority opinion that decided a 1945 antitrust case involving major newspaper publishers and The Associated Press. “The First Amendment affords not the slightest support for the contention that a combination to restrain trade in news and views has any constitutional immunity.” Fox and Time Warner may no longer publish old-media newspapers or magazines, but they certainly disseminate information and opinions that may be even more vital to the “welfare of the public” today than the newspapers of Justice Black’s era. HBO alone, one of Time Warner’s cable channels, produces “Real Time With Bill Maher,” “Last Week Tonight With John Oliver” and acclaimed documentaries like “The Case Against 8,” about the struggle for marriage equality, and the “Paradise Lost” series, which examined the murder convictions of the group of white teenagers known as the West Memphis Three.
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Vietnam’s first ever sleep pods unveiled at Hanoi airport

Vietnam’s first ever sleep pods unveiled at Hanoi airport | Business News & Finance | Scoop.it
Hanoi-based Noi Bai International Airport has become the very first terminal in Vietnam to provide sleep pods to serve passengers of delayed or canceled flights. Fourteen sleep pods, consisting of three single rooms and 11 double rooms, were unveiled on Tuesday at the departure terminal of the airport by the Vietnam Aviation Tourism Corp (VATC). The four-square-meter pods are 3m high and equipped with amenities including a bed, wardrobe, telephone and even WiFi connection, functioning as quick places of refuge for passengers awaiting their flights. Customers of the sleep pods will be treated to free water and snacks by the VATC. The pods cost VND210,000 (US$9.88) for single rooms, and VND252,000 ($11.86) for doubles, to use for the first three hours. The next three hours cost VND180,000 ($8.47) and VND215,000 ($10) for single and double rooms, respectively. The full-day rate is VND1.53 million ($72) for single rooms, and VND1.83 million ($86) for doubles. The VATC is offering a 20 percent discount to mark the inauguration of the service. While sleep pods are common at many international airports, this is the first time the modern facilities have been put to use at a Vietnamese terminal. Like us on Facebook or follow us on Twitter to get the latest news about Vietnam!
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Starbucks opening in café clogged Vietnam 

Starbucks opening in café clogged Vietnam  | Business News & Finance | Scoop.it
Hanoi is full of coffee shops, but Starbucks is trying to break into the crowded market.
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