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Apr 10, 2012

Smartcompany News and Analysis: Revealed: The top suburbs for bankruptcies in your state, Car parts maker collapses, Green tape outcry, Why managing like Steve Jobs isn’t foolproof

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Today on SmartCompany we take a detailed look at new data from the Insolvency and Trustee Service Australia, which has broken down personal bankruptcy statistics according to postcodes. Is your business or your customers in the top 10 of your state?

We also look at the collapse of yet another car parts maker, examine the backlash against so-called “green tape” and chart Instagram’s 551-day rise to a $1 billion takeover by looking at 10 key dates from its short history.

Plus in Entrepreneur Watch, James Thomson looks at a fresh battle between billionaires Frank Lowy and Nathan Tinkler.

And don’t forget to take SmartCompany’s third annual Business Technology Survey, which is still open and has had a great response. You can sign up for a free eBook with the findings and if you give us your best tech tip you could even win a brand new iPad. Go for it!

Managing People
Why managing like Steve Jobs isn't a foolproof idea
Apple founder Steve Jobs changed our lives. We debunk the trend to idealise Jobs as a leader and divulge two of his cleverest business strategies. BY KATH WALTERS.

Resources and Energy
Mining sector’s hope rests on global growth
Australia’s mining sector is predominantly export orientated, with global trends and prices driving growth prospects. BY KAREN DOBIE.

Aunty B
My team are creating “silos” in our workplace
Good on you for identifying this as a problem. I am always amazed at companies that reward their leadership team based on a silo approach.
Aunty B

Internet secrets
Craig Reardon
It’s a well-known fact that smaller businesses are far more susceptible to costs arising from poor web design than their deeper-pocketed competitors.
Ask the Experts

Retail trends
Kevin Moore
In the mid-western state of Iowa, tucked away among the wheat plains, are two interesting and clever independent grocery retailers.
Smart Blogs

Gen-Y Millionaire
Kirsty Dunphey
If your business is doing a good job, there’s no harm in asking people to leave a review.
Smart Blogs

Entrepreneur Watch
James Thomson
Mining billionaire Nathan Tinkler’s attempt to hand back ownership of his soccer club, the Newcastle Jets, is another blow for Frank Lowy.

Financial and Forex Info News | The Australian Capital Circle: Business warns on 'green' tape

Business warns on 'green' tape
Business groups are warning state and federal leaders that "green tape" is jeopardising $900 billion in resources and infrastructure projects.

First off: The business groups are urging Julia Gillard and the state premiers to declutter the national reform agenda, scrap the double-handling of environmental impact assessments, fast-track major project approvals and axe more than 240 federal and state climate policies before the July 1 start of the carbon tax. The warning from the Business Council of Australia, Australian Industry Group and Australian Chamber of Commerce and Industry comes ahead of a crunch COAG meeting in Canberra on Friday. (The Australian).
Charities are also warning about the impact of the carbon tax, warning they could be forced to cut essential services for needy families as the tax adds to operating costs ( Daily Telegraph). And business has warned energy prices could soar as Labor's $10 billion clean energy fund pushes up the cost of cutting greenhouse gas emissions (report).
Julia Gillard is unwell. The PM had been scheduled to fly to Sydney for the funeral of former deputy prime minister Lionel Bowen, to join former prime minister Bob Hawke and other Labor luminaries in paying her respects. Ms Gillard was also due to fly to Melbourne for a meeting of her manufacturing taskforce, including Industry Minister Greg Combet and union leader Paul Howes . But the PM has cancelled her appointments and will remain in Canberra. She is expected to be back on deck ahead of the meeting of her business advisory forum and the COAG premiers meeting.
Tony Abbott is in Western Australia for the funeral of former Liberal Senator Judith Adams. The funeral will be held in Kojonup, which is about 260km south of Perth. Deputy Liberal leader Julie Bishop and Senat
Peter Brent
Peter Brent
First Newspoll quarterly for 2012
Today’s Newspoll quarterly crunches the numbers for all five federal Newspolls taken since the beginning of the year. It has a sample of 5,741. …
More Peter Brent

Stocks and Markets in the News | Tech Daily Stocks - MarketWatch:

Tech Daily
APRIL 10, 2012

Tech Stocks: Apple, AOL join in broad tech decline
4/10/2012 4:31 PM ET
Few bright lights emerge as sector joins in day of losses
Tech Stocks: AOL climbs on patent deal, but other techs stumble
4/9/2012 4:29 PM ET
Internet-media company says it'll sell 800 patents to Microsoft for $1.06 billion, but tech stocks follow the broader U.S. equities market lower on reaction to lackluster jobs data.
Tech Stocks: Apple, Microsoft lead mild tech gains
4/5/2012 4:38 PM ET
Software giant looks ahead to key launch Windows Phone-based Lumia this weekend. Facebook picks Nasdaq for IPO listing, and Google CEO says Android will remain open.
Tech Stocks: Tech stocks fall with SanDisk a big decliner
4/4/2012 10:50 AM ET
Memory chip maker slumps after cutting revenue outlook, while Yahoo trades flat following plans to ekiminate 2,000 jobs.
Tech Stocks: Tech stocks close weakly, despite Apple's gains
4/3/2012 4:30 PM ET
Enthusiasm for Apple grows as an influential Wall Street analyst estimates the company's stock may reach $1,000 a share within two years.
Tech Stocks: Groupon losses stand out while most techs rise
4/2/2012 4:19 PM ET
Online daily deal company gets hit after cutting its previously released fourth-quarter earnings and revenue results.
Best Buy's Dunn quits amid conduct probe
4/10/2012 5:46 PM ET
Electronics chain Best Buy Co., struggling with declining demand for traditional electronics from televisions to digital cameras, says on Tuesday its Chief Executive Brian Dunn has resigned.
Movers & Shakers: Tuesday's biggest gaining and declining stocks
4/10/2012 5:01 PM ET
MarketWatch's daily rundown of major movers in the U.S. stock market..
Starboard fund still seeks to shake up AOL's board
4/10/2012 1:46 PM ET
Activist hedge fund applauds patent sale to Microsoft, but says the move doesn't go far enough.
The Technical Indicator: Healthy pullback, or major market top?
4/10/2012 12:03 PM ET
The Standard & Poor's 500 Index is retesting major technical support with this week's downdraft.
Market Extra: Alcoa to kick off rocky earnings season
4/10/2012 11:43 AM ET
The aluminum producer is expected to book a loss in what is expected to be one of the poorest performing sectors this earnings season.
Indications: U.S. stock futures edge up; Fed talk, Alcoa await
4/10/2012 9:01 AM ET
U.S. stock futures push higher on Tuesday, with Wall Street set to shake off prior-day losses triggered by jobs-data disappointment and to look ahead to the first-quarter earnings season kickoff from Alcoa.
Asia Markets: Hong Kong leads broad Asian stock losses
4/10/2012 4:34 AM ET
Most Asian markets fall, with early gains for Japanese stocks slipping away after the Bank of Japan decides against further policy loosening. Hong Kong and Australian shares drop in their first response to weak global economic data.
Rex On Techs: AOL gets $1 billion for selling instead of suing
4/9/2012 5:04 PM ET
Onetime Internet giant sees its fortunes rise, even if just for a day, and Microsoft grabs a significant hedge in an emerging corner of technology, writes Rex Crum.
Market Snapshot: U.S. stocks see worst day in a month on jobs data
4/9/2012 5:02 PM ET
Major indexes suffer their worst drop in a month, as investors get their first chance to react to the March nonfarm-payrolls report, which showed companies adding fewer jobs than expected.
After Hours: AOL shares edge up, Harmonic falls after hours
4/9/2012 4:59 PM ET
AOL shares edge higher Monday evening, modestly adding to a day session surge after the company agreed to sell patents in a deal more than $1 billion, while the networking services company's quarterly forecast misses Wall Street's current estimates.
Movers & Shakers: Monday's biggest gaining and declining stocks
4/9/2012 4:19 PM ET
MarketWatch's daily rundown of shares making sizable moves in the market.
Facebook snaps up Instagram for $1 billion
4/9/2012 2:51 PM ET
Deal will make popular photo app and sharing service part of No. 1 social network.
MarketWatch First Take: Facebook-Instagram: Show me the money!
4/9/2012 2:16 PM ET
Jon Friedman asks: How can Facebook now expect to monetize the new addition to its portfolio?
Facebook CEO's letter on Instragram deal
4/9/2012 1:38 PM ET
Mark Zuckerberg posts a letter regarding the $1 billion acquisition of photo-sharing service Instagram.
MarketWatch First Take: AOL stuns investors with hefty patent payday
4/9/2012 11:35 AM ET
Shares of the online media company soar as it cuts a far better than expected deal to sell a bulk of its patents to software behemoth Microsoft.
Jon Friedman's Media Web: Mike Wallace forever changed TV news
4/9/2012 10:57 AM ET
More than anyone of his generation, Wallace expanded the traditional definition of "news" on television, writes Jon Friedman.
Indications: U.S. stock futures sharply lower; AOL soars
4/9/2012 9:12 AM ET
U.S. stock-market futures trade sharply lower on Monday, as Wall Street gets first chance to react to weaker-than-expected nonfarm-payroll data last week. AOL soars on patent deal with Microsoft.
Asia Markets: Asia stocks drop after U.S. jobs, China inflation
4/9/2012 3:23 AM ET
Asian markets decline after China's inflation accelerates in March and as a weak American employment report drags on U.S. equity futures, with Japanese stocks also hit as a strengthened yen pressures exporters.
Jeanette Pavini's Buyer Beware: What it really costs when you lose your smartphone
4/9/2012 12:01 AM ET
Say you just lost your wallet with $40 cash in it. You'd feel bad, right? There's the inconvenience of canceling cards, getting a new driver's license, etc. But what if you lost your wallet with $900 in cash in it, plus your address book and your bank passwords? That's what it's like when you lose your smartphone.
CBS News legend Mike Wallace dies at 93
4/8/2012 1:46 PM ET
CBS News broadcaster Mike Wallace, known for his tough interviews in a career that covered six decades, has died at 93, the network said Sunday.
Private-equity firms look to buy Elpida: WSJ
4/7/2012 12:51 PM ET
Elpida Memory Inc. is drawing interest from multiple would-be buyers, with TPG Capital and China's Hony Capital Ltd. planning a joint bid for the bankrupt Japanese chip maker, according to the Wall Street Journal.
Market Snapshot: Earnings, Fed talk, economic data on tap next week
4/7/2012 1:00 AM ET
U.S. equities are likely to be under pressure Monday, the first day to react to a weak U.S. jobs report, but focus should shift to a Ben Bernanke speech and, later in the week, the kickoff of the U.S. earnings season and macroeconomic data from China.
John Dvorak's Second Opinion: What are the threats to Facebook?
4/6/2012 1:51 PM ET
Services outages could become a problem, but more uncontrollable general Internet outages might be a problem too, writes John C. Dvorak.
Asia Markets: Japan stocks drop, as China shares extend gains
4/6/2012 3:29 AM ET
Japanese shares fall for a fourth straight day on a return of concerns about European sovereign debt and as a firmer yen weighs on shares of exporters, while mainland Chinese shares gain for a third straight day after a choppy session.
Jon Friedman's Media Web: Will Pandora ever make a buck?
4/6/2012 12:01 AM ET
Pandora Media is winning over music fans, but not Wall Street analysts, who wonder along with media columnist Jon Friedman whether it will ever turn a profit.
Jennifer Waters's Consumer Confidential: Your cell phone is telling your secrets
4/6/2012 12:01 AM ET
Increasingly your phone is revealing private information, often without your knowledge.
Commodities Corner: Forget gasoline, diesel topped $4 a month ago
4/6/2012 12:01 AM ET
As prices for gasoline at the pump inch closer to $4 a gallon, consumers should be even more worried about the threat from rising diesel prices, which topped that level over a month ago.
Howard Gold's No-Nonsense Investing: It's spring and time to take profits
4/6/2012 12:01 AM ET
Howard Gold thinks we'll see a long-overdue correction as we move deeper into spring.
Asia Stocks to Watch: China doomsayer sees crash coming
4/5/2012 7:52 PM ET
Not everyone is convinced China will escape its current economic slowdown unharmed. Asianomics' Jim Walker says China's consumption boom is ending, and his contrarian view calls for no growth — or even a contraction — in the economy.
Polycom shares tank on weak outlook
4/5/2012 5:46 PM ET
Shares of Polycom fall sharply to a new low after the videoconferencing systems company posts a weaker-than-expected outlook.
After Hours: WD-40 shares gain in late trading after results
4/5/2012 5:08 PM ET
The lubricants and cleaning-products maker's quarterly earnings and sales come in higher than Wall Street had expected.
Google CEO: ‘Great devices' with Motorola
4/5/2012 5:03 PM ET
Larry Page says in a letter that the company is "excited" about the chance "to build great devices" based on Motorola and Android.
Movers & Shakers: Thursday's biggest gaining and declining stocks
4/5/2012 4:54 PM ET
MarketWatch's daily rundown of major gainers and decliners in the U.S. stock market.
MarketWatch First Take: Gannett wants you to leave (gracefully)
4/5/2012 4:49 PM ET
The newspaper chain is seeking massive buyouts, notes media columnist Jon Friedman
Financial Stocks: Citi, Morgan Stanley drag; financials fall on week
4/5/2012 4:39 PM ET
U.S. financial stocks trade lower as Citi shares fall on allegations of noncompliance with money laundering statutes and Morgan Stanley shares drop in a reported bid to avoid a downgrade.
The Ratings Game: Pandora slides as analyst sees challenges
4/5/2012 4:14 PM ET
Barclays sets underweight rating and $8-a-share target for online radio company as content-acquisition costs continue to damper enthusiasm.
SportsWatch: Baseball's digital revolution
4/5/2012 1:28 PM ET
Many think of baseball as a sport stuck in the past. They might be surprised to learn that the league's Advanced Media arm is not only leading pro sports' digital revolution, but thriving in it.
Shawn Langlois's London Sketch: Doubling up with the Masters and Oxbridge
4/5/2012 8:22 AM ET
The Masters golf tournament will heat up on Saturday just a short time after a winner is crowned in the Oxford and Cambridge Boat Race.
India under pressure over telecom ruling
4/5/2012 2:31 AM ET
Two months after India's Supreme Court suspended 122 telecom licenses tainted in one of the country's biggest corruption scandals, New Delhi is asking for more time to sort out legal and commercial issues.
Peter Brimelow: Bears not rampant
4/5/2012 1:28 AM ET
Stocks tumble, but key letters, although usually bearish, are not giving up on this market, Peter Brimelow writes.
Rex On Techs: Microsoft's gains hang on Windows potential
4/5/2012 12:05 AM ET
As an investment, software giant's shares have turned a corner. But success of new operating systems will determine whether gains are built to last.
David Callaway: Nervous market won't get help from earnings
4/5/2012 12:01 AM ET
Just when the market needs a renewed dose of good news, earnings season arrives next week. But it's not going to help. Profits are expected to be flat to down this season.
Therese Poletti's Tech Tales: IPO investors: Beware the dual-class stock
4/5/2012 12:01 AM ET
Groupon's accounting issues put a spotlight on how entrenched the company co-founders are and also show the negative side of dual-class stock structures, writes Therese Poletti.
Windows Phone faces test with Lumia launch
4/5/2012 12:01 AM ET
Nokia, Microsoft and AT&T all have a lot riding on the new Lumia 900 smartphone, which hits stores in the U.S. this weekend. The device is seen as a key test for the appeal of the Windows Phone platform.
Asia Stocks to Watch: Japan policy seen as key for stock gains
4/4/2012 7:44 PM ET
Japanese stocks rocketed to some of the strongest gains in recent memory over the first three months of this year, but a further advance for the market will likely depend in large part on where government policy goes.
Yahoo to cut 2,000 jobs, sees $375 million savings
4/4/2012 5:18 PM ET
Yahoo's cutting 2,000 jobs, a move intended to give rise to what its recently installed CEO calls a "smaller, nimbler, more profitable" company. It's also expected to yield annual savings of about $375 million for the embattled Yahoo.
SanDisk, Micron sink as pricing worries grow
4/4/2012 5:00 PM ET
Shares of memory companies fall after SanDisk cuts forecast, citing weak pricing for NAND chips, and are among the top S&P 500 decliners.
Latin American Markets: Mexican, Brazilian stocks join global selloff
4/4/2012 4:45 PM ET
Mexican and Brazilian stocks fall Wednesday, taking part in a worldwide selloff in equities as global growth concerns are stoked by a spike in borrowing costs for Spain after a weak bond sale.
Movers & Shakers: Wednesday's biggest gaining and declining stocks
4/4/2012 4:39 PM ET
MarketWatch's daily rundown of shares that mad sizable moves in the U.S. stock market.
Nissan exec: Electric cars will succeed in U.S.
4/4/2012 3:25 PM ET
Ghosn predicts high gasoline prices will help increase electric car demand in U.S.
Canadian Markets: Canadian stocks down on commodities, euro worries
4/4/2012 1:52 PM ET
Canadian stocks slump for a second session on Wednesday after a weak bond sale in Spain spark worries about the euro-zone crisis and minutes from the U.S. Federal Reserve's latest meeting dashed hopes of more easing.
MarketWatch First Take: Yahoo job cuts just the start of bigger plan
4/4/2012 12:30 PM ET
As Yahoo's new CEO makes his first move to restructure the Internet pioneer, some investors expect more to happen over the next few weeks, writes Therese Poletti.
SportsWatch: BMW gives athletes new tool for Olympic training
4/4/2012 11:48 AM ET
Automaker teams up with USA Track and Field for technology that measures athletes' techniques as they train in preparation for the London Olympics.
Asia Markets: Asia stocks drop as Australia posts trade deficit
4/4/2012 3:51 AM ET
Asian stocks fall, with markets reacting to a surprise Australian trade deficit and its implications for the wider region, including China.
Ruth Mantell's On the Job: Social-media tips for small-business employers
4/4/2012 12:01 AM ET
Social-media policies aren't just for big companies. Owners of small- and medium-sized firms should think about flexibility and nuance when crafting rules for their employees.
After Hours: SanDisk drops, Mitcham jumps after hours
4/3/2012 6:00 PM ET
The chip maker cuts its quarterly sales outlook, and shares of Mitcham jump after quarterly results from the supplier of leased equipment to oil developers surpass expectations.
Stocks to Watch: Stocks to Watch Wednesday: GM, Intel
4/3/2012 5:24 PM ET
General Motors Co., Monsanto, Intel Corp. and Walgreen Co. are among the stocks that could see active trading on Wednesday.
SanDisk cuts outlook, shares fall
4/3/2012 5:17 PM ET
Maker of Flash memory cuts its sales outlook for first quarter, citing weaker-than-expected demand.
Movers & Shakers: Tuesday's biggest gaining and declining stocks
4/3/2012 5:15 PM ET
MarketWatch's daily rundown of shares making sizable moves in the U.S. stock market.
Financial Stocks: Financial stocks close down post-FOMC
4/3/2012 4:53 PM ET
Fed meeting's minutes indicate a cooling to quantitative easing; online brokers are dragged down as analyst's note cites weaker retail trading.
Facebook hits back, says Yahoo infringed patents
4/3/2012 4:14 PM ET
The No. 1 social network strikes back the Web portal, responding to a patent-infringement suit with claims that Yahoo infringed on its own intellectual property.
Latin American Markets: Mexico stocks off highs after Fed view, data
4/3/2012 2:40 PM ET
Mexican stocks fall Tuesday, with the benchmark struggling to hold to a record high as prospects dimmed for another round of bond buying by the U.S. Federal Reserve to stimulate activity the world's largest economy.
Market Extra: Apple shares boosted by brokerage calls
4/3/2012 2:22 PM ET
Two influential analysts raise price targets on Apple — with one predicting the shares may hit $1,000 in the next two years.
MarketWatch First Take: SEC probe may pressure Groupon CFO
4/3/2012 12:16 PM ET
So far Groupon is backing its CFO but as its accounting issues have now expanded into an SEC probe, pressure may increase on Jason Child to step down, writes Therese Poletti.
The Technical Indicator: Nasdaq reaches major technical target
4/3/2012 11:46 AM ET
The U.S. markets' slow-motion uptrend is intact.
Asia Markets: Asia stocks mostly rise; Japan misses out
4/3/2012 4:46 AM ET
Most Asian markets rally on signs of strength in a gauge of U.S. manufacturing, with Hong Kong stocks rebounding after a four-day losing streak, while Japanese stocks decline on a strengthened yen.
Therese Poletti's Tech Tales: Can new CEOs fix H-P, RIM and Yahoo?
4/3/2012 12:01 AM ET
As three big tech companies undergo major restructuring under new CEOs, H-P has the best shot at recovery, while RIM and Yahoo have a grimmer future, writes Therese Poletti.
Movers & Shakers: Monday's biggest gaining & declining stocks
4/2/2012 5:55 PM ET
MarketWatch's daily rundown of shares making sizable moves in the U.S. stock market.
After Hours: Groupon gains late after regular-session selloff
4/2/2012 5:51 PM ET
Daily-deal firm's shares gain ground in the evening following a sharp slide during the day after revisions by the company of fourth-quarter results are met by analyst downgrades.
Latin American Markets: Mexican stocks eye record high after U.S. data
4/2/2012 5:49 PM ET
Mexican equities climb, with the benchmark notching another record high following encouraging manufacturing data from the U.S., Mexico's largest export market.
Canadian Markets: Canada stocks extend gains on bullish gold miners
4/2/2012 5:43 PM ET
Canadian stocks rise, kicking off the new quarter on a positive note, as gold miners charge higher.
Market Extra: Groupon hit as analysts question model
4/2/2012 4:59 PM ET
A revision of fourth-quarter results hurts the daily deals provider as two Wall Street analysts downgrade the shares — questioning the business model.
Stocks to Watch: Stocks to Watch Tuesday: GM, Ford, Avon
4/2/2012 4:50 PM ET
Auto makers such as General Motors Co. and Ford Motor Co., along with cosmetics provider Avon Products Inc., are among the stocks that could see active trading on Tuesday.
Rex On Techs: Blame me, Groupon, but expect some in return
4/2/2012 4:09 PM ET
Daily-deal site is facing accounting and trust issues again as it tries to deal with consumers returning some bigger-ticket items, writes Rex Crum.
Weekend Investor: Fund, ETF investors could see global gains fade
4/2/2012 4:01 PM ET
Stock-fund and ETF investors venturing outside of the U.S. waded into calmer waters in the first quarter, but rough currents lie ahead. Positioning portfolios against such uncertainties will dominate investors' attention.
John Shinal's Tech Investor: Groupon looking like of current tech boom
4/2/2012 2:47 PM ET
People ask John Shinal whether Groupon would one day be known as the of the second Internet bubble. He believes the answer is clear.
Credit-card breach ‘contained' to 1.5 mln accounts
4/2/2012 10:16 AM ET
Visa, MasterCard middleman card processor says federal investigation continues
There's more to tech than Apple
4/2/2012 10:15 AM ET
Anytime someone mentions tech lately, it seems to always involve one word: Apple. Believe it or not, the sector contains more than one name, and as a result, more than one investment opportunity.
Indications: U.S. stock futures flat ahead of ISM data
4/2/2012 9:02 AM ET
U.S. stock futures trade steady on Monday, with investors focused on ISM manufacturing data to come and with a mixed set of data from China.
Asia Markets: Japan, Korea gain ground; Hong Kong declines
4/2/2012 4:44 AM ET
South Korean and Japanese shares began a new quarter on a positive note Monday, with gains in Seoul coming after Moody's raised the country's credit rating outlook, while Tokyo stocks got a lift as a downbeat tankan survey weighed on the yen.
Emerging Markets Report: Mobile money takes East Africa by storm
4/2/2012 12:01 AM ET
M-Pesa, a simple, easy to use way to move money and pay for goods with a cellphone, is transforming the economy in East Africa.
Mark Hulbert: 11 stocks to throw out during spring cleaning
4/2/2012 12:01 AM ET
Pruning and culling the stocks in your trading portfolio is something you should be doing at any time of year. But it's amazing how rarely we go about this process in a careful and deliberate fashion.
Stocks to Watch: Stocks to watch Monday: Groupon, Visa
3/31/2012 11:01 AM ET
Among the stocks that could see active trade in Monday's session are Groupon, Global Payments and Visa.
After Hours: Groupon shares hit in after-hours trading
3/30/2012 6:45 PM ET
Daily-deals firm downwardly revises its fourth-quarter earnings and sales, and its auditor tacks on a warning in a company regulatory filing.
Canadian Markets: Canadian stocks snap losing streak as RIM rallies
3/30/2012 5:37 PM ET
Toronto stocks ended a three-session losing streak as investors bid up Research In Motion shares. Bay Street registered strong quarterly gains even as it finished the week in negative territory.
Groupon revises results; auditor adds warning
3/30/2012 5:23 PM ET
Groupon said Friday afternoon that it was revising its results for the fourth quarter after its auditor found "material weaknesses" related to how the daily deals site reserves for customer refunds.
Latin American Markets: Brazil, Mexico stocks notch first-quarter gains
3/30/2012 5:16 PM ET
Brazilian and Mexican equity markets on Friday finish the first quarter of 2012 in the green, but a monthly loss in Brazil's benchmark highlights investor concerns about slowing growth and government efforts to reduce currency appreciation.

NYT Global Update: Surplus in China Trade Comes as Surprise | Business

Global Update


Court Allows Britain to Send 5 to U.S. on Terror Charges

In a ruling that sets a precedent on sending terror suspects to America, a European court allowed Britain to extradite the cleric Abu Hamza al-Masri and four other defendants.

Death at Center of Chinese Scandal That Tarred Official

Bo Xilai, a Communist Party official, was stripped of his most powerful titles, and his wife was held in connection with the suspected murder of a British businessman.

Tensions Mount as Syria Truce Seems Elusive

A cease-fire plan was teetering, with the Syrian government making new demands, the opposition ridiculing them as unrealistic, and no sign that Syria's military forces had withdrawn from cities.

Video: TimesCast

The manager of the Miami Marlins baseball team is suspended over comments on Fidel Castro, and more.


Remembering a Massacre

The events surrounding the April 11, 2002, coup that temporarily ousted President Hugo Chávez remain contested and divisive for Venezuelans.

Years After Acid Horror, Suicide Stirs Pakistan

More than a decade after a vengeful man doused her face in acid, Fakhra Younas jumped to her death in Rome.

Rights Advocate Given Prison Term in China

A Beijing court sentenced Ni Yulan and her husband on charges of creating a disturbance, an advocacy group said.

Tsunami Projections Offer Bleak Fate for Many Japanese Towns

An updated hazard map detailing the damage that could be unleashed by another quake of a similar magnitude has been met with alarm across the country.

Should U.S. Services Companies Get Breaks Abroad?

If American services companies doing business abroad had the same benefits that manufacturers do, some economists say U.S. exports and employment would be far higher than they are now.

Surplus in China Trade Comes as Surprise

Exports surged last month, helping to produce an unexpected trade surplus of $5.35 billion in March, but imports grew lethargically, a warning sign for the nation.

Sony Revises Expected Loss to $6.4 Billion

The electronics giant, already battered by a number of factors, doubled its projected net loss for the business year that just ended because of an additional tax expense.
Bits Blog

Mobile Clout Gets Instagram $1 Billion From Facebook

Facebook said it would make its largest acquisition yet, buying Instagram, a social network built around photography and an out-of-nowhere Internet hit.
Bits Blog

Yahoo C.E.O. Hints at a Strategy

Scott Thompson told Yahoo's remaining 12,000 employees that he was restructuring the company around three core groups: consumer, regions and technology.
Bits Blog

Hewlett-Packard: Once More Toward the Cloud

H.P. is revamping its hardware and software assets in a more coherent way for big corporate clients that are moving to cloud computing.

Plenty of Blame to Go Around at Manchester City

Mario Balotelli is a combustible player, but he's not the only reason Manchester United has overtaken City in the Premier League standings.

A Rough First Start for Darvish, but He Still Wins

Yu Darvish gave up four runs in the first against Seattle in his major-league baseball debut, but he settled down and got the victory as Texas won, 11-5.

In Isner, U.S. Has a Player Too Good to Ignore

John Isner has been a force in Davis Cup play, and he may finally get American tennis fans to pay attention to the international tournament.

Prosecutor in Martin Case Will Alone Determine Its Merits

Angela B. Corey, who was appointed special prosecutor in the killing of Trayvon Martin, must alone determine whether to charge the man who shot the unarmed teenager.

A Lie Races Across Twitter Before the Truth Can Boot Up

An unfounded blog report claiming that Gov. Nikki R. Haley of South Carolina was about to be indicted was the latest lesson in the perils of the instant news culture.

Even as Violent Crime Falls, Killing of Officers Rises

According to statistics compiled by the Federal Bureau of Investigation, 72 police officers were killed in 2011, a 25 percent increase from the previous year and 75 percent rise from 2008.
Op-Ed Contributor

The Bo Xilai Sideshow

The murky fall of a powerful politician is great drama, but the real story is China's changing leadership.
Op-Ed Contributor

On Iran, Reality Bites

Nowhere is there any optimism that the talks with Tehran will succeed.
Op-Ed Contributor

Afraid of Dying Alone

In Japan, there's a term for dying alone: "kodokushi," which literally translates as "lonely death."