Friday, August 28, 2015

Biz Break: Market posts weekly gains, despite volatility

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Friday, August 28, 2015
Biz Break
 Biz Break: Market posts weekly gains, despite volatility


Biz Break: Market posts weekly gains, despite volatility
Today: Despite wild fluctuations earlier in the week, the major indexes ended the week in positive territory. Also, Apple Music loses a key executive, and a Yahoo critic calls for Marissa Mayer's ouster and drastic change to the company's core business.

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Twitter publicly shares diversity goals for 2016
Following the lead of photo-sharing site Pinterest, Twitter on Friday publicly released its diversity goals for 2016. While the San Francisco tech firm did make some progress in bridging the gender gap worldwide this year, the ethnic makeup of Twitter in the United States barely budged, data released Friday shows.

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Q&A: Commercial realtor Jim Ellis, on the office-space boom
These days, Jim Ellis and the realty firm he heads, Ellis Partners, seem to be everywhere, key players in the most robust development markets of the Bay Area.

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Apple Music exec Ian Rogers resigns
Apple's online music subscription service is losing Ian Rogers, a key player as millions of listeners near the end of a free three-month trial period that has drawn mixed reviews.

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Marin bar faces federal suit for alleged music copyright infringement
A Fairfax nightclub is facing a federal lawsuit on allegations of refusing to pay music royalties on its live performances.

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Fed vice chair indicates September rate hike still possible
Federal Reserve Vice Chairman Stanley Fischer says that incoming economic data and market developments will likely determine whether the Fed boosts interest rates in September.

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$47.5 million Belvedere mansion sale smashes Marin County records
As Marin and Bay Area prices continue soaring into the stratosphere, Locksley Hall, an 1895 Belvedere mansion, sold for $47.

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Appeals court reverses ruling that found NSA program illegal
A federal appeals court on Friday ruled in favor of the Obama administration in a dispute over the National Security Agency's bulk collection of telephone data on hundreds of millions of Americans.

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Is Wall Street insane? A psychiatrist weighs in
When it seems like the stock market has lost its mind, big banks and investment firms often turn to one particular psychiatrist: Richard Peterson, CEO of MarketPsych, a firm that applies research from behavioral science to financial markets.

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Q&A: How did China cause market turmoil? And what's next?
With the Chinese stock market turmoil that incited global panic abated -- at least for now -- here are some questions and answers about it, as well as lessons to learn.

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Goodyear retiring blimps, rolling out new cigar-shaped craft
The fabled Goodyear Blimp is retiring and will be replaced by a cigar-shaped craft that technically isn't a blimp.

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Apple, Stanford, Defense Dept. among investors in flexible electronics initiative
On Friday, Secretary of Defense Ashton Carter will announce the creation of a new institute in San Jose to develop manufacturing techniques and new applications for flexible electronics.

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Chris Brown owns 14 Burger Kings
Peyton Manning, Kanye West, Magic Johnson, Rick Ross, Jimmy Buffett, and Hank Aaron also own fast food joints.

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San Jose Mercury News

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