New York City Is Bad At Building An Innovation Economy–Listen Up Mayor Bloomberg

A new study out by the Center for An Urban Future shows that New York City has great research centers but is terrible turning scientific advances into start-up businesses and economic growth. I am not surprised. My own personal experiences in working

Chicagoans divided on Obama’s trip to win 2016 Games

CHICAGO (Reuters) – President Barack Obama’s decision to personally lobby for Chicago to host the 2016 Summer Olympics was greeted with hope and skepticism on Monday, with some in his hometown wondering if he didn’t have better things to do.

Guitar maker draws buyers, cult-like following

STEVENSVILLE, Md (Reuters) – Three decades after defying the odds and persuading Carlos Santana to try out his hand-built guitar, Paul Reed Smith’s quest for perfect tone is still reeling in enthusiasts from all over the world.

Banged up, Allen Stanford back in jail after brawl

HOUSTON (Reuters) – Allen Stanford, the alleged mastermind of a $7 billion fraud, is back in his jail cell after suffering a mild concussion, broken nose and two black eyes in a prison brawl last week, his lawyer said on Monday.

U.S. broker charged with luring seniors in fraud

WASHINGTON (Reuters) – U.S. securities regulators on Monday charged a Michigan stock broker with fraud for allegedly luring seniors into a $250 million investment scam after convincing them to refinance their home mortgages.

Goldman misses bond fees as Abbott wins Solvay race

LONDON (Reuters) – Solvay’s 4.5 billion euro ($6.6 billion) drug unit sale to Abbott Laboratories has wrongfooted Wall Street heavyweights such as Goldman Sachs, who had stood to earn tens of millions of dollars from rival bidder Nycomed.

CF buys 7 pct of Terra in open market

NEW YORK (Reuters) – Fertilizer maker CF Industries Holdings Inc said on Monday it has acquired a 7 percent stake in Terra Industries Inc in its latest move to buy the company.