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The key differences between Indian and Chinese students studying in the US

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September 01st, 2014 | 11:19 PM

The US strikes Somalia. The US military carried out drone strikes near the port city of Barawe, Somalia, part of a counter-terrorism operation aimed at the al-Shabab militant group, the Pentagon said without giving further information. The target of the strikes was the group’s leader Ahmed Abdi Godane, Voice of America reported.

September 02nd, 2014 | 2:23 AM

US fast food workers plan to strike. Employees at McDonald’s, Burger King and other fast-food chains across the US plan to strike on Sept. 4, demanding a $15/hour wage, organizers announced. Workers in over 100 US cities plan to use “non-violent civil disobedience” to call attention to their demands, The New York Times reported (paywall).

September 02nd, 2014 | 12:28 AM

Eric Cantor moves to Wall Street. The former US house majority leader is joining boutique investment bank Moelis & Co. as vice chairman, he told The Wall Street Journal (paywall). Cantor, a Republican representative from Virginia, lost his seat in the House of Representatives to economics professor Dave Brat in June.

September 02nd, 2014 | 1:09 AM
Chart of the Moment

Degrees that Chinese and Indian students pursue in the US

August 31st, 2014 | 11:37 PM

A slight delay for Alibaba’s IPO. Alibaba Group Holding is pushing back investor meetings about its initial public offering for “about a week” to answer additional questions from the Securities and Exchange Commission, Bloomberg reports. The IPO, which is expected to raise more than $20 billion for Alibaba, may price on Sept. 18 and start trading on the 19th, several days later than was reported two weeks ago.

August 31st, 2014 | 1:17 PM

A new iPayments system? Maybe Apple and American Express can do what Google hasn’t done yet and bring about the broad embrace of the concept of the mobile wallet. Re/Code reports that AmEx is involved in a payments product that will be unveiled Sept. 9, when the iPhone 6 is expected to debut.  

September 02nd, 2014 | 1:44 AM

The rise of wholesome. Young British women are binge drinking far less than they did just a decade ago, teenage smoking is plummeting and the number of young people that have tried cannabis has dropped by a third, the Guardian reports. Reports of incredibly promiscuous behavior among US teens have been wildly exaggerated by the media, a new book finds.  

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