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THE SECRET LIFE OF GROCERIESThe Dark Miracle of the American SupermarketBy Benjamin Lorr The average grocery stocks 32,000 distinct products. Browsing the aisles consumes 2 percent of our lives. It [...]

The article talks about the method of robbing automated teller machines (ATMs) in England which uses oxyacetylene bomb to ruin and open the machine. Topics discussed include the use of geolocation device by banking company Barclays to trace the offenders, profiles of the criminals Kurt Beddoes and Craig Cartwright and their team up, and the method of operation involved in blasting an ATM machine. The trial for the group of ATM bombers including the verdict is also mentioned.

The article discusses the performance of hedge funds since the 2008 global financial crisis. Topics include a discussion of the white paper titled "Hedge Funds: Problems Under the Hood" written by lawyer Gerald Kerner on way hedge fund contracts disadvantage investors; the stance of investor Warren Buffett and the California Public Employees' Retirement System pension fund on hedge funds; and economic trends likely to affect the future performance of such funds.

(Bloomberg Businessweek) -- Libor Mastermind Tom Hayes Deserves a Lot of Company in Prison More substantially, Hayes wasn't a top executive, and when he acted to rig the interest rate in question - the London interbank offered rate, aka Libor - he often did so with the knowledge of his bosses. [Extracted from the article]

(Bloomberg Businessweek) -- Coravin: Greg Lambrecht's Corker of a Wine Idea Coravin: Greg Lambrecht's Corker of a Wine Idea Greg Lambrecht, who invented the tool in his Massachusetts basement, says the Coravin can keep an "accessed" bottle of wine fresh indefinitely. In September, at a restaurant in London, Lambrecht put on his biggest one yet, challenging 18 sommeliers, restaurateurs, and other elites of the city's wine scene to tell the difference between bottles that had been pierced by a Coravin four months earlier and others from the same case that had remained intact. [Extracted from the article]

The quarterly digest goes by the unwieldy title of FAMe jagazine, short for finance and accounting memos journal-magazine. "I've already told a number of my MBA students about this jagazine", says Lubos Pastor, a finance professor at the University of Chicago's Booth School of Business, who co-wrote the lead article for the inaugural issue. The bottom line: A new magazine asks finance theorists to rework their articles for "interested and smart nonacademics". [Extracted from the article]

Unlike money-market funds and CDs, though, bonds lose value when rates rise, depressing the prices of bond mutual funds and ETFs. Wall Street firms are warning clients that if fund investors who view bonds as safe are hit with sudden losses, there could be something akin to a run on the bond market. [Extracted from the article]

Text messages Wolfe submitted to the court show Mateen disparaging "middle age Muslim pigs" and depicting IAC Chairman Barry Diller "as a penis." Tinder CEO Rad, Wolfe says, dismissed her pleas for help as "dramatic" and told her that if she and Mateen couldn't get along, she would be fired. In his memo to Tinder employees, Rad wrote in part, "We did not discriminate against Whitney because of her age or gender, and her complaint paints an inaccurate picture of my actions and what went on here. [Extracted from the article]

The influence of the Fed continues to divide Wall Street, with the central bank keeping rates near zero and gradually reducing its monthly bond purchases. The bottom line: Although the S&P 500-stock index has closed at a record high 22 times in 2014, Wall Street sentiment is tepid. [Extracted from the article]

(Bloomberg Businessweek) -- GM Recalls: How General Motors Silenced a Whistle-Blower Kelley contacted one of GM's field product investigators, employees who look into possible recall issues, and weeks later contacted him again. GM argued for a judge to dismiss the case because Kelley did not have standing as a whistle-blower - the law required such a person to prove he had suffered for his actions, and Kelley still had a job with the company and was getting the same pay and benefits. At GM, Kelley has been floating from position to position, says McAleer, who was laid off from GM in 2004 and keeps in close contact. [Extracted from the article]

(Bloomberg Businessweek) -- Eve Online's Nerd Monument Vandalized Over In-Game Rivalry A video game gets a monument, and the monument gets gamed. [Extracted from the article]

(Bloomberg Businessweek) -- Goldman's Top Minds Tackle the World Cup A May 8 sitdown was considerably more enjoyable: Oppenheimer interviewed four Brazilian soccer stars for a special Goldman report on the World Cup, a quadrennial publication eagerly anticipated by clients and bank employees alike as a break from the usual econometric fare. [Extracted from the article]

Nash is chief executive officer of Wealthfront, a startup that uses automated software to invest customers' money for low fees (0.25 percent on balances of $10,000 or more). It's a logical place to start - the people most predisposed to trust a technology startup with their money are likely employees of other technology startups with lots of money. While Betterment has three times as many clients - 34,400 - Wealthfront has larger accounts, with an average balance of about $90,000. [Extracted from the article]

Amazon had been bleeding IBM for years - its rent-a-server-with-your-credit-card model was a direct threat to IBM's IT outsourcing business - but this was different. Amazon beat IBM for a plum contract on something like its home turf, and it hadn't done so simply by undercutting IBM on price. The job of integrating the acquisition into IBM's bureaucracy fell to an up-and-coming executive: Rometty, a Chicago native who'd joined IBM in 1981, two years out of Northwestern University. Was Big Blue actually two companies - Good IBM and Bad IBM?. [Extracted from the article]

The Dow Jones and the S&P 500 are now farther apart than at any point in the last five years The other stock indices tell a different story: The Standard & Poor's 500 is up 6.7 percent; the Nasdaq Composite is up 7.8 percent; and the Russell 3000 is up 6.1 percent. For all its shortcomings, the Dow has usually tracked pretty closely with the broader and more reliable S&P 500, which is weighted by market cap; that's one of the reasons it has remained a shorthand for the state of the stock market. [Extracted from the article]

(Bloomberg Businessweek) -- Using Software to Keep Pro Athletes and Startup Millionaires From Going Broke Appealing to athletes and other affluent people outside of the hard-core tech community is essential to Wealthfront and other robo-advisers if they want to keep growing and threaten the trillion-dollar money management firms. [Extracted from the article]

(An earlier version of this post said incorrectly in the second paragraph that Dan Shore worked for Jane Mendillo at Harvard Management Co. Shore is the Chief Financial Officer of the university, not HMC.) There's been an additional shakeup atop Harvard: Chief Financial Officer Dan Shore is the latest figure to depart the university. That compares with 4.86 percent at Columbia and 4.17 percent at the University of Chicago, a Bloomberg analysis found - even as Harvard had 10 of the 25 highest-paid endowment executives at private colleges and universities. [Extracted from the article]

(Bloomberg Businessweek) -- Russia's Megarich Are Losing Billions in Putin's War Russia's Megarich Are Losing Billions in Putin's War Russia's wealthiest businessmen are "increasingly frantic" that Putin's war will cause further damage to the economy but are "too scared of reprisal" to criticize his regime publicly, Bloomberg reported on July 21. [Extracted from the article]

(Bloomberg Businessweek) -- IBM Sales Sink Again, for the Ninth-Straight Quarter IBM will develop more than 100 mobile applications for various industries, the companies said, that will run on iPhones and iPads that IBM will sell to its enterprise customers. [Extracted from the article]

(Bloomberg Businessweek) -- GM's Barra Faces Senate Interrogation GM's Barra Faces Senate Interrogation General Motors Chief Executive Officer Mary Barra is before Congress today for the fourth time this year, taking a hammering from the Senate Commerce Committee on her company's fatally indifferent response to catastrophic defects in its cars. [Extracted from the article]

(Bloomberg Businessweek) -- Murdoch's Time Warner Bid Makes Waves for Media Stocks Murdoch's Time Warner Bid Makes Waves for Media Stocks. [Extracted from the article]

JPMorgan Chase Chief Executive Officer Jamie Dimon told reporters and analysts that he intends to keep working through cancer treatments Addressing his cancer diagnosis for the first time since he disclosed the illness on July 1, JPMorgan Chase Chief Executive Officer Jamie Dimon told reporters and analysts that he "feels great" and intends to work through a treatment of radiation and chemotherapy. [Extracted from the article]

(Bloomberg Businessweek) -- Traders Cheer Citigroup's $7 Billion Crisis Settlement and Earnings Citigroup's $7 billion settlement with the government to end an investigation into its crisis-era mortgage activity nearly wiped out its quarterly profit, the bank announced today. [Extracted from the article]

(Bloomberg Businessweek) -- Cynk Is a Joke, Not Proof of a Bubble Cynk's real value is as a yarn - entertainment for a Wall Street caught in July doldrums. [Extracted from the article]

(Bloomberg Businessweek) -- JPMorgan's Jamie Dimon Has Throat Cancer JPMorgan's Jamie Dimon Has Throat Cancer Jamie Dimon, the chairman and chief executive officer of JPMorgan Chase, announced on Tuesday night that he has been diagnosed with throat cancer. [Extracted from the article]

(Bloomberg Businessweek) -- Look Sharp, Art Dealers: Steve Cohen Is at Basel Billionaire Steve Cohen is attending Art Basel, Switzerland's modern and contemporary extravaganza, Bloomberg News reported. [Extracted from the article]

(Bloomberg Businessweek) -- GM's Barra Grilled Again on Lethal Car Flaws A GM safety inspector told Valukas's investigators that he didn't push harder on concerns with the Cobalt because he'd seen Kelley pushed out of his job. During today's hearing, Murphy asked Barra if Kelley was still at GM. [Extracted from the article]

Vanguard grew at a 28 percent clip in 2013, riding the popularity of low-cost, passive investing, particularly automatic investment programs Vanguard says that as of Dec. 31, 40 percent of its clients were invested solely in an "automatic investment program" such as a target-date fund, which gradually shifts assets from stocks to fixed income as a retirement year approaches. [Extracted from the article]

(Bloomberg Businessweek) -- If Apple Joins the Dow, Who Would Exit? The obvious candidates to make way for Apple on the Dow Jones industrial average are IBM and recent recruit Goldman Sachs Some other people who care about nominal stock prices are the members of the Dow Jones Averages Index Committee, who choose the components of the Dow Jones industrial average. [Extracted from the article]

(Bloomberg Businessweek) -- Why the Netflix Shareholder Vote Has No Drama For a company that draws attention with its original programming, Netflix appears to be embracing a rerun with a shareholder vote on Monday over splitting the roles of chairman and chief executive. [Extracted from the article]

(Bloomberg Businessweek) -- The Markets Are Calm. Prices are high, trading declines; volatility is low: Are these parlous signs?. [Extracted from the article]

(Bloomberg Businessweek) -- More Hedge Funds Take Up the Activist Playbook One risk facing activism is that its popularity could become its undoing: The strategy could become as crowded as the hedge fund industry overall, with more funds chasing the same number of opportunities. [Extracted from the article]

(Bloomberg Businessweek) -- Wealthfront Hits $1 Billion Milestone It's official: Online investment service Wealthfront says it has amassed more than $1 billion in assets under management, a milestone as it battles Betterment, Personal Capital, and other "robo-advisers" for investor capital. [Extracted from the article]

(Bloomberg Businessweek) -- Tech Stocks Undo the Damage While tech stocks were lagging in the public markets, valuations kept surging in private, as pre-IPO startups showed little difficulty in lining up huge funding rounds from venture capital firms. [Extracted from the article]

(Bloomberg Businessweek) -- S&P's Latest Delusion: It's "Increasingly Clear" Banks Won't Get Bailouts Standard & Poor's has downgraded JPMorgan Chase's credit rating, saying Dodd-Frank's "orderly liquidation authority" may be shaping up Standard & Poor's, saying that it is "increasingly clear" that the government may not bail out big banks in another crisis, downgraded JPMorgan Chase's credit rating outlook this morning to "negative", bringing it into line with seven other key financial institutions. [Extracted from the article]

(Bloomberg Businessweek) -- Wall Street Cheers a Tepid Jobs Report A higher unemployment rate means the Fed is more likely to keep its easy money policies intact Bernanke has said he wants to see the unemployment rate fall below 6.5 percent, before reducing the Fed's $85 billion of asset purchases each month (as long as inflation remains manageable). [Extracted from the article]

(Bloomberg Businessweek) -- Confusion About the Fed's Bond-Buying "Taper" Roils Wall Street Signs of a weak economy mean the Fed is more likely to continue its $85 billion of monthly bond buying, a practice that has kept interest rates low and bond prices high, and pushed investors into riskier assets such as stocks. In normal times, the Fed raises interest rates to cool an overheating economy - taking away the punch bowl just as the party is getting good, in the words of William McChesney Martin, the longest-serving Fed chairman. [Extracted from the article]

The Japanese prime minister and Bank of Japan chief had been overseeing their stock market's longest bull run in years, with the Nikkei 225-stock index climbing 80 percent between the day elections were announced last fall and May 22. Since then, the Nikkei has lost 17 percent, with Japanese and foreign investors alike concerned that Japan's own ambitious series of asset purchases won't be enough to jolt the economy out of decades of sluggishness. Today's investors must decide whether to believe that the current rally is another one of these false dawns, or that Abe and Kuroda really can transform the Japanese economy. [Extracted from the article]

In each episode, a ruthless and telegenic Lemonis, a turnaround specialist, visits an ailing company. The Profit is good TV because Lemonis makes small-business problems seem curable, with fresh eyes and a little capital. The Profit's Marcus Lemonis is the least lame entrepreneur on television Attribution Nick Summers: author. [Extracted from the article]

(Bloomberg Businessweek) -- Baby Hedge Fund Managers Show Their Stuff Tickets cost $5,000 and come with the chance to hear elite investors like Bill Ackman, David Einhorn, and Paul Tudor Jones talk about their stock bets before regular investors hear them. [Extracted from the article]