The Grey is the new king of the box-office. Januaruy 30, 2012- The Grey won the weekend box office war. The movie starring Liam Neeson took the top honor with over $20 million in sales. The graveyard movie co-starring Dermot Mulroney is full of action and adult themes.  Underworld: Awakening took second place with just over $12.5 million for the weekend bringing its total to $45 million since its debut. Third place was taken by One For the Money starring Katherine Heigl. The movie earned $11.7 million... 

Electronics giant Phillips had a rough quarter with weakness in Europe. January 29, 2012- Philips, the Dutch electronics company, announced on Monday that it had posted a net loss for the fourth quarter of 2011. It blamed European market conditions and losses it has from discontinued operations. The company posted a loss of $214 million on revenue of $8.85 billion for the quarter. Those figures compared to a profit of $611 million from sales of $8.6 billion in the same quarter a year ago. Philips... 

Welcome Back Kotter star Robert Hegyes is dead after cardiac arrest. January 27, 2012- Robert Hegyes, best known for playing one of the “Sweathogs” on the well know comedy Welcome Back, Kotter has died at the age of 60. Hegyes played Juan Epstein, a Jewish-Puerto Rican in the comedy series that was a hit in the 1970s.  Hegyes died of a heart attack in New Jersey. Hegyes lived in Metuchen, New Jersey. He arrived in complete cardiac arrest at KFK Medical Center and died shortly thereafter a hospital... 

Samsung has had a great quarter with strong sales in smartphones and tablets. January 27, 2012- In early Friday trading in Asia, Samsung Electronics Co stock increased to a new record high. Increased sales of smartphones have helped increase the company’s profits. Net income for the consumer electronics giant was up 17% to $3.6 billion. Sales increased 13% during the fourth quarter and were in line with analysts’ estimates. During 2011, Samsung shipped more mobile handsets than Apple shipped... 

80's movie star Demi Moore was admitted in the hospital for exhaustion. January 25, 2012- Actress Demi Moore was admitted to a hospital for a brief period on Monday to get an assessment of her health. Paramedics had responded to a 911 call placed at her home in Los Angeles earlier the same day.  There have been two reports circulating as to why the Ghost actress was having medical problems. One source said she had been treated and released for substance abuse while another source said the actress... 

Texas Instruments has exceeded analysts expectations this quarter. January 24, 2012- Signs appear to show the components market may be bottoming out. Texas Instruments released quarterly earnings on Monday that beat Wall Street analysts’ expectations. Its stock rose nearly 5% in extended trading. Net income dropped by 68% to nearly $298 million or $0.25 per share. The prior year’s fourth quarter net income was $942 million or $0.78 per share. Nevertheless, the drop was not as much as what Wall... 

The newest installation in the Underworld series has taken top spot at the Box Office. January 22, 2012- Vampire-thriller Underworld: Awakening, the fourth in a vampire thriller series, took the top spot for its debut weekend at the box office. Awakening took in $25.4 million and was followed by Red Tails.  Kate Beckinsale stars as the tough heroine in the Sony Pictures fourth edition of the Underworld series. Trailing Awakening in second place was Red Tails, directed by George Lucas. Red Tails... 

Gas prices continue to surge in the U.S. January 21, 2012- A recent survey shows that the average price of a gallon of gasoline increased nearly 3.5 cents to $3.39 in the United States. The increase covers the period between January 6 and January 20 and is based on the prices of over 2,500 filling stations throughout the country. The current average price is 28 cents above the price from a year ago at this same time. Survey officials have said gasoline retailers have increased the prices as they... 

Pop star Bruno Mars beat drug charges and jail time. January 19, 2012- A Las Vegas Judge on Wednesday dismissed a case against 26-year old Bruno Mars, the pop star, for cocaine possession. The ruling came after Mars’ attorneys told the court that the Grammy Award winner stayed away from trouble and fulfilled other conditions of a previous plea deal.  The case against the pop star was dismissed by Judge Jessie Walsh from the Clark County Court. Mars was not in court for the proceedings in Las Vegas.... 

Goldman Sachs is having a difficult time in the recession. January 19, 2012- Goldman’s used cost cutting measures to help them to a profit. It slashed costs from car services to officer’s compensation in order to deliver its shareholders a profit. By cutting costs, the company was able to report a profit of $978 million or $1.84 per share for the fourth quarter. That topped analysts’ estimates by $0.64 per share. Following the release of the earnings report, Goldman shares jumped by nearly... 

Elton John and his partner were very unhappy that Madonna won a Golden Globe for best song. January 17, 2012- David Furnish, the husband of Elton John, was not a fan of Madonna before the Golden Globes Awards Sunday night and is even less a fan today. After Madonna received her Golden Globe for Best Original Song, Furnish took to the wireless airwaves to express his displeasure. Furnish expressed on Facebook that he was not in agreement with her winning best song. Cameras, at the same time, caught... 

Individual states are now taxing the rich to help balance the books. January 16, 2012- The tax debate is in full scale in Washington. While Congress debates the matter on a national level, some states have turned to wealthy residents to bring in more state revenue. In two states, governors want the rich to help narrow the gap in their budgets. This idea of taxing the wealthy in states is much different from last year when state leaders shied away from increasing taxes. However, cuts in spending are... 

Hollywood star Gene Hackman was hit by a truck in Florida. January 14, 2012- Gene Hackman, the Oscar-winning actor was hospitalized for a brief time after being struck by a truck in the Florida Keys. The 81-year old was bumped and bruised after being hit from behind by a pickup. He was airlifted to a hospital in Miami and then released a number of hours later following some routine tests said Susan Madore, his publicist. Hackman was riding on a street in Islamorada, without a helmet at about 3 p.m.... 

Retailer Home Depot is stepping up their seasonal hiring this year. January 13, 2012- Home Depot, Inc. has announced its plans to hire its annual seasonal workers. The company has accelerated its plans by nearly a month to hire 70,000 workers for its U.S. stores. The hiring plans were announced in preparation of the stiff competition for selling flowers, grills, fertilizers and other seasonal items to consumers who are still reluctant to spend on large ticket items. The largest retailer for home... 

Katy Perry was a big winner at the People’s Choice Awards. January 12, 2012- Katy Perry took home five People’s Choice Awards at the 38th annual show. The multi-talented entertainer was not present at the show as she is going through a very recent divorce from comedian husband Russell Brand.  Perry was honored for favorite female artist, song of the year, tour headliner, TV guest star and music video of the year. Even though the organizers of the show touted Perry as being among the nominees... 

Twinkies maker Hostess is bankrupt. January 11, 2012- The maker of the popular spongy sweet dessert treat Twinkies is preparing to file Chapter 11. Hostess Brands, Inc. is expected to file for bankruptcy protection this week. This will mark the second time the Wonder Bread and Twinkies maker has used court restructuring in the last eight years. The company is privately held and headquartered in Irving, Texas. It employs over 19,000 and has a debt load of nearly $860 million. Due to the rising cost... 

Rap legend Snoop Dogg was caught with marijuana. January 10, 2012- Rapper icon Snoop Dogg was arrested this past weekend by the border patrol after they found marijuana on his bus. The record producer and rapper was stopped at the border crossing in Sierra Blanca, Texas. This checkpoint was the same one where Willie Nelson, the country singer, was arrested in 2010 for marijuana possession. Bill Brooks, a U.S. Border Protection spokesman, said Customs and Border agents were conducting a routine inspection... 

General Motors had a banner year in China. January 9, 2012- Despite a slowdown in the auto industry last year in China, General Motors Co. and its partners in China posted record sales in the largest automotive market in the world. In 2011, 2.55 million vehicles were sold by the company, an increase of 8.3% over 2010.  Managing Director and President of GM China, Kevin Wale said, “We stayed in front of the competition even though the industry slowed down. Our growth was due to the appealing vehicles... 

Reality TV actor Chaz Bono wants to invest in a new penis. January 7, 2012- Chaz Bono has said he wants to have a metoidioplasty performed as soon as he has the money to pay for the procedure. He said he could have a phalloplasty, which makes the phallus from an area on your own body, but he said he would rather have the metoidioplasty done. This procedure uses what is already there and has increased in size due to testosterone injections. The end result is a smaller phallus through this procedure,... 

Aluminum maker Alcoa is slashing production globally. January 6, 2012- Alcoa Inc., the largest producer in the U.S. of aluminum, will cut its smelting capacity by 12% globally. Alcoa is the first aluminum producer to take such action to lower costs following a huge drop in the price of metal. The production cut will result in the company taking a restructuring charge during the fourth quarter. This will result in Alcoa’s first loss in the last nine quarters. The large cut in production should help... 

1980's actress Demi Moore is set to return to the big screen. January 4, 2011- Actress Demi Moore has signed on to play icon and feminist Gloria Steinem in a film about Linda Lovelace, the star of adult films. Moore will play the feminist who in the 1970s covered the launch of the movie Deep Throat, the adult film that stared Lovelace. She also profiled the porn star in the magazine Ms. at the same time.  Also signed on to play in the new film is Adam Brody who will star as Harry Reems, the... 

The privately held Federal Reserve is attempting to give some information to investors. January 3, 2012- The Federal Reserve announced it would provide forecasts for shifts in key interest rates. Each quarter the central bank will reveal when there are plans to change the key short-term benchmark rates. This new strategy by the Fed is an attempt to help stimulate the economy and lessen the volatility in the stock market.  The projections, that start this month, should help offer a tentative road... 

Once again, Mission: Impossible – Ghost Protocol has mantained it's lead at the box-office. January 2, 2012- The latest Tom Cruise action film remained unbeatable at the box office in the U.S. Mission: Impossible – Ghost Protocol was able to finish first for the second successive week. This week the movie took in over $31.3 million. The total domestic take for the movie was over $134 million said studio officials. The New Year’s Eve weekend was solid for movie studios and brought to an... 

Exxon has won a lawsuit against the Venezuelan government. January 2, 2012- Exxon Mobil was awarded $900 million by an international arbitration board. The panel ruled that Venezuela has to pay the oil conglomerate. Exxon Mobil has been in a long battle with the Venezuelan government over the nationalization of its assets by the Venezuelan government. Not including the Middle East, the Orinoco Belt where the oil reserves are located, is one of the worlds most coveted. When Hugo Chavez, President...