INSIGHT-Ashley Madison courted several buyers, landed none before attack TORONTO, Aug 28- The owner of adultery website Ashley Madison had already been struggling to sell itself or raise funds for at least three years before the publication of details about its members, according to internal documents and emails also released by hackers as part of their assault on the company in recent weeks. Avid Life Media announced on Friday that...
| By: Allison Martell and Alastair Sharp
UPDATE 1-Uber hires two security researchers to improve car technology SAN FRANCISCO, Aug 28- Uber Technologies Inc has hired two top vehicle security researchers, the company said on Friday, additions to its staff that come as the ride-hailing service ramps up its work on technology for self-driving cars. Charlie Miller, who had been working at Twitter Inc, and Chris Valasek, who worked at security firm IOActive, left their jobs on...
| By: Joseph Menn and Heather Somerville
GLOBAL MARKETS-Wild week for markets ends quietly *China central bank injects liquidity into market. NEW YORK, Aug 28- A volatile ride for global markets this week ended calmly on Friday even as lingering worries over Chinese economic growth and the Federal Reserve's plans to raise interest rates weighed on stocks, but oil rebounded sharply for a second day. U.S. crude jumped more than 6 percent as a rally in...
| By: Herbert Lash
Metals & mining bounce Katie Stockton, BTIG, and Gina Sanchez, Chantico Global, LLC, discuss whether metal and mining stocks are ready for a comeback.
Build a winning clientele by being choosy Turning away sales is hard for business owners, but longtime entrepreneurs say that being selective is crucial in building a successful business.
Source: The New York Times
| By: Caitlin Kelly
AIG seeking $1.76 bln in 'life settlements' trial in New York But Heidi Hubbard, a lawyer for Coventry, said AIG had been aware that Coventry was selling certain policies at a gain and never objected. Coventry, founded by Philadelphia philanthropist Alan Buerger, is the "leader and creator" of the life settlement industry, according to its website. AIG bought nearly 7,000 life settlements from Coventry with a total face...
| By: Joseph Ax
FDA warns 3 tobacco product makers over labeling This is the first time the FDA has pulled up companies for marketing tobacco products with "modest-risk" claims that are not backed by scientific evidence ratified by the health regulator. The Family Smoking Prevention and Tobacco Control Act of 2009 requires a company to get its modified risk tobacco product application approved by the FDA before claiming a...
FDA issues warning letters to "natural" tobacco makers NEW YORK- The Food and Drug Administration issued warning letters to the makers of Winston, Natural Spirit and Nat Sherman cigarettes over their "additive-free" and "natural" label claims. The agency issued the warnings to ITG Brands LLC, Santa Fe Natural Tobacco Company Inc. and Sherman's 1400 Broadway N.Y.C. Ltd. The issue over the claims is that they may lead...
Source: The Associated Press