Home » Archive for March, 2012

Image for U.S. Seeks Sanctions In Airbus Dispute (Airbus S.A.S)

U.S. Seeks Sanctions In Airbus Dispute (Airbus S.A.S)

The United States claims that European governments failed to end illegal subsidies for aircraft manufacturer Airbus and announce that they will be seeking sanctions on potentially billions of dollars of European goods. The earlier... More of this article »
Image for Data Breach That May Have Exposed Private Customer Information Investigated By Visa and MasterCard (NYSE: V) (NYSE: MA)

Data Breach That May Have Exposed Private Customer Information Investigated By Visa and MasterCard (NYSE: V) (NYSE: MA)

Visa and MasterCard announced an investigation into whether a data security breach at one of the main companies that processes transactions for them exposed private customer information.  The breach occurred at Global Payments, a... More of this article »
Image for FDA Says No To Petition

FDA Says No To Petition

A petition to have BPA banned was denied by the U.S. Food and Drug Administration. The regulatory agency said it will not ban BPA now and it may never ban it. Those that want BPA banned say it is a toxic chemical that should not be... More of this article »
Image for MIT Increases Power Via Stacking Panels

MIT Increases Power Via Stacking Panels

A team of researchers from the Massachusetts Institute of Technology stacked a number of photovoltaic solar cells on top of one another to produce as much as twenty times the output of conventional installations of solar panels. MIT... More of this article »
Image for Huge Breach Of Credit Card Data

Huge Breach Of Credit Card Data

A huge data breach at a firm that processes payments has compromised debit and credit card information for all the major card brands. The processing company, Global Payments confirmed on Friday that card information might have been... More of this article »
Image for Protests Over Israeli Policy

Protests Over Israeli Policy

Security forces dressed in riot gear had to be deployed in large number along the borders of the Israeli and Palestinian territories. This came in anticipation of a possible repeat of violence that took place last year where 38 people... More of this article »
Image for Nokia Set To Begin Selling Lumia Smartphones In China (NYSE: NOK)

Nokia Set To Begin Selling Lumia Smartphones In China (NYSE: NOK)

Nokia will begin selling its new line of Lumia phones in China next month.  The company is hoping that the product introductions will build momentum for Lumia Windows phones in China and other countries.  The Lumia phones will be... More of this article »
Image for Chinese Firm Now World’s No. 1 Oil Producer

Chinese Firm Now World’s No. 1 Oil Producer

Big Oil is seeing a Big Shift these days. A Chinese upstart has taken over the rank of No. 1 leaving an American company in its wake. Exxon Mobil was displaced as the world’s largest oil producer, that is publicly traded. Now, for... More of this article »
Image for New York Extinguishes Synthetic Pot

New York Extinguishes Synthetic Pot

Synthetic marijuana was sold freely in shops throughout New York City until Thursday. The city has banned sales of the product after it was linked to serious health risks. The product known as Smiley Dog, Spice, Mr. Nice Guy and Galaxy... More of this article »
Image for Sony Entertainment Shakes Up Executive Ranks

Sony Entertainment Shakes Up Executive Ranks

As of Thursday, a shift at the top of Sony became official. Michael Lynton was named Sony Corp. of America CEO, effective on June 27. Starting the same date, the video game and electronics units of Sony will report to its Japanese... More of this article »
Image for Bizarre Behavior Started From Takeoff

Bizarre Behavior Started From Takeoff

A criminal complaint filed in federal court on Thursday alleges that Clayton Obson, a JetBlue captain, told his co-pilot, “We must make a leap of faith.” The pilot had a meltdown in midair Tuesday and the criminal complaint suggests... More of this article »
Image for Goldman Sachs (NYSE: GS) Bets on Housing Rebound

Goldman Sachs (NYSE: GS) Bets on Housing Rebound

Goldman Sachs Group (NYSE: GS), the firm that famously survived the subprime mortgage crisis by essentially shorting the housing market has now reversed course. The firm is now raising money for a new fund that will buy home-loan bonds,... More of this article »
Image for JP Morgan Chase (NYSE: JPM) Reviving Commercial Mortgage Backed Securities for Rialto Capital Loans

JP Morgan Chase (NYSE: JPM) Reviving Commercial Mortgage Backed Securities for Rialto Capital Loans

Mortgage-backed securities quickly fell out of favor over the past 4 years, though with sufficient yield, a market for them may still exist. This is the hypothesis JP Morgan Chase (NYSE: JPM) must be making, reviving the sales of commercial... More of this article »
Image for Bank of America (NYSE: BAC) Downgraded

Bank of America (NYSE: BAC) Downgraded

Amidst a continued tumultuous environment for Bank of America (NYSE: BAC), speculation of rating cuts and continued loan losses have plagued the firm, sagged the earnings and weighed down it’s stock price. Research analyst David... More of this article »
Image for Oracle Beats Estimates For Third Quarter Earnings (NASDAQ: ORCL)

Oracle Beats Estimates For Third Quarter Earnings (NASDAQ: ORCL)

Oracle exceeded estimates for quarterly profit for the third quarter.  Oracle’s profit, excluding certain one-time costs, increased to $0.62 per share.  The average estimate of analysts surveyed by Bloomberg News was $0.56. Oracle... More of this article »
Image for Hospital Sued For Cutting Off Patient’s Finger

Hospital Sued For Cutting Off Patient’s Finger

A family in Haines City, Florida has sued a local hospital and nurse for cutting off the finger of their eight-month-old daughter. The baby girl’s mother Veronica Olguin said, “She was so perfect and now this.” The baby was taken... More of this article »
Image for Tim Cook In China

Tim Cook In China

Tim Cook, the CEO of Apple, Inc. is in China to discuss problems with government officials in the biggest growth market the company has. The problems range from the treatment of local workers to the contested trademark of their iPad... More of this article »
Image for Oil From Iran Slows Down, Price Increase Looms

Oil From Iran Slows Down, Price Increase Looms

Exports of Iranian oil appear to be slowing down this month. Buyers are preparing for new sanctions and shipments for the country are likely to be less if President Barack Obama decides, which is likely he will, that markets will adjust... More of this article »
Image for Snow Plow Driver and Spouse Charged

Snow Plow Driver and Spouse Charged

On Wednesday, a snowplow driver and his wife were charged in the death of a Vermont teacher. The two allegedly lured the prep school teacher out of her home by fabricating a story about their car breaking down. Authorities said the... More of this article »
Image for Coach Ryan Says We do not have a QB Controversy

Coach Ryan Says We do not have a QB Controversy

The head coach of the New York Jets, Rex Ryan, said the team does not have a quarterback controversy. Last week the Jets traded for Tim Tebow. The former Denver quarterback arrived just after the Jets extended the contract of current... More of this article »
Image for Brazil Wants to Eliminate Sex Tourism

Brazil Wants to Eliminate Sex Tourism

The tourism ministry in Brazil had indentified over 2,000 sites on the internet that promote sex tourism in Brazil, back in 2011. Many of those sites were hosted in the United States. The ministry said it found 2,169 sites that contained... More of this article »
Image for Price of Gasoline to Hurt Summer Travel

Price of Gasoline to Hurt Summer Travel

The rise in gas prices will likely cut summer travel for many vacationers as well as business travelers. A recent survey by the U.S. Travel Association of 2,500 U.S. households found that over 44% said higher prices of gas would curb... More of this article »
Image for Obama Healthcare Law Questioned

Obama Healthcare Law Questioned

The White House faced questioning from skeptical U.S. Supreme Court justices about the administration’s healthcare law. Tuesday’s questioning was dominated by conservative justices during a two-hour, tense meeting over the healthcare... More of this article »
Image for Low Cost Airline Venture Being Explored By Quantas Airways (PINK: QUBSF)

Low Cost Airline Venture Being Explored By Quantas Airways (PINK: QUBSF)

Qantas Airways announced the formation of a partnership with China Eastern Airlines to create a low-cost airline based in Hong Kong.  Many airline ventures have sprung up in Asia lately as carriers jockey for position in anticipation... More of this article »
Image for Green Mountain Stock Sold Before Threat

Green Mountain Stock Sold Before Threat

Green Mountain Coffee Roasters Inc chairman and founder Robert Stiller, sold over $66 million of stock in the company before it plummeted more than at any other time in 48 months. That came after news broke that Starbucks had a rival... More of this article »
Image for FTC Wants Net To Stop Invading Users’ Privacy

FTC Wants Net To Stop Invading Users’ Privacy

On Monday, the FTC officially put the user tracking and online advertising industry on notice. The regulatory agency told the industry it had to clean up and start respecting users’ data. It laid out a broad set of guidelines that... More of this article »
Image for Jimmy Kimmel Will Host Emmys

Jimmy Kimmel Will Host Emmys

The 64th annual Primetime Emmys will be hosted by Jimmy Kimmel. The show will air on ABC on September 23. It will be his first time hosting the Emmys. It is surprising since he has hosted for a number of awards shows such as the ESPN... More of this article »
Image for Unruly Air Travelers May Get Sued

Unruly Air Travelers May Get Sued

New York air travelers that use one of the three main airports in the area may soon be paying for the cost of delaying flights for their unruly behavior. A spokesperson for the Port Authority of New York said that a number of planes... More of this article »
Image for FedEx Settles Bias Case For $3 Million (NYSE: FDX)

FedEx Settles Bias Case For $3 Million (NYSE: FDX)

A $3 million settlement has been reached between the United States Department of Labor and the ground delivery unit of FedEx to resolve allegations of discrimination within the company.  The Labor Department’s Office of Federal... More of this article »
Image for Raisins Could Help Blood Pressure

Raisins Could Help Blood Pressure

A recent study say that eating raisins appears to help keep away high blood pressure Eating a handful of raisins at three different times of the day was able to help people who had blood pressure that was slightly elevated. After a... More of this article »
Image for Hunger Games Wins BIG

Hunger Games Wins BIG

Hunger Games took a huge bite of the box office worldwide in its debut weekend. The film took in an incredible $214 million worldwide. In the U.S. alone, the movie earned over $155 million. That take by the movie was even higher than... More of this article »
Image for Microsoft Take Zeus Down

Microsoft Take Zeus Down

Software giant Microsoft said its Digital Crimes Unit helped to takedown servers that were powering some of the worst operations of cybercrime today. The family of malware known as Zeus is responsible for a great deal of the online... More of this article »
Image for Yahoo! Adds New Directors

Yahoo! Adds New Directors

Yahoo appointed three new independent directors as it nears a proxy fight with Daniel Loeb an activist investor. The three new directors are American Express’ chief marketing officer John D. Hayes, Peter Liquori, Discovery Communications... More of this article »
Image for Pope Heads To Cuba

Pope Heads To Cuba

Following the 1959 revolution, Cuba was declared by new leader Fidel Castro an atheist state. Pope Benedict XVI arrives in the Caribbean nation today. Today’s visit is 14 years after the first ever papal visit to the island nation.... More of this article »
Image for Jobless Rate Remains Steady In California

Jobless Rate Remains Steady In California

The state of California’s unemployment rate remained steady in February at 10.9%. Employers added over 4,000 jobs during the month. Jobs are being added in coastal areas, but construction sectors and government hiring remain the... More of this article »
Image for Anticlotting Drug Proves Beneficial But Has Risk

Anticlotting Drug Proves Beneficial But Has Risk

An experimental drug for anti-clotting from Merck & Co., vorapaxar, proved to be effective in preventing a heart attack in a major trial study. However, there was a risk of significant bleeding. Now Merck must decide whether or... More of this article »
Image for Ohio State Punches Ticket To Final Four

Ohio State Punches Ticket To Final Four

The Ohio State Buckeyes are headed to the NCAA’s Final Four. They knocked number one seed Syracuse out with a 77-70 victory. The Buckeyes were led by Jared Sullinger who scored a game high 19. Ohio State played most of the first... More of this article »
Image for Officer In NYPD Fired For Shooting Death

Officer In NYPD Fired For Shooting Death

A detective with the New York police department was fired over the shooting death of a 23 year old in 2006. Three officers also were forced to resign for the shooting that took place near a nightclub in the Queens, said authorities.... More of this article »
Image for Tingo Offers Rebooks

Tingo Offers Rebooks

Tingo, like Hotels.com and Expedia.com offers online hotel bookings. Where Tingo is different is it will rebook the reservation of a traveler if the room rate drops on their reservation. Travelers can set a minimum rate of savings,... More of this article »
Image for To Cut Costs, Hewlett-Packard Merging Units (NYSE: HPQ)

To Cut Costs, Hewlett-Packard Merging Units (NYSE: HPQ)

Hewlett-Packard has announced that the company will merge its personal computer and printing divisions in an effort to cut costs.  R. Todd Bradley, who currently runs H.P.’s personal systems group, will run the new combined division. ... More of this article »
Image for Housing Rental Program Being Tested By Bank Of America (NYSE: BAC)

Housing Rental Program Being Tested By Bank Of America (NYSE: BAC)

Bank of America is allowing a small number of customers facing foreclosure to remain in their homes and rent the property instead under a new housing rental program being tested by the company.  The pilot program, called Mortgage... More of this article »
Image for Kentucky Aims For the Final Four

Kentucky Aims For the Final Four

Kentucky is back in the Elite Eight. The Wildcats withstood a tough game from the Indiana Hoosiers to advance 102-90. They will play for the South Region title on Sunday against the Baylor Bears who were victorious last night against... More of this article »
Image for Senator Calling For Ban on Requesting Passwords

Senator Calling For Ban on Requesting Passwords

Senator Richard Blumenthal said he would introduce a bill that would make it illegal for companies to ask job seekers for their Facebook account passwords. The Democrat from Connecticut and the state’s former attorney general said... More of this article »
Image for Variety On Sale

Variety On Sale

Variety, known to many as the bible of Hollywood is up for sale. It is one of the entertainment industry’s most respected and oldest sources of trusted information. Current owners Reed Business Information announced the trade paper... More of this article »
Image for U.S. Nominates Jim Yong Kim For World Bank Presidency

U.S. Nominates Jim Yong Kim For World Bank Presidency

The U.S. announced on Thursday that it was nominating Jim Yong Kim, a health policy expert, as the next World Bank president. The selection came as a surprise to many that do not know Kim. His nomination should win sufficient support... More of this article »
Image for Pope Makes Visit To Mexico

Pope Makes Visit To Mexico

Pope Benedict XVI started his trip to the New World Friday when he arrived in Mexico. He called on the region to end its violence and urged the leaders of Cuba to end their Marxist rule, saying that it no longer is reality. President... More of this article »
Image for Louisville Beats Michigan State

Louisville Beats Michigan State

The Louisville Cardinals behind the great play of Peyton Siva defeated the No. 1 seeded Michigan State Spartans Thursday night 57-44. The win propelled the Cardinals and their coach Rick Pitino into the Elite 8. Louisville played an... More of this article »
Image for Heart Attack Test Close To Being Reality

Heart Attack Test Close To Being Reality

Researchers said they are close to having a test that could help to predict if a patient is close to having a heart attack. The test uses a blood sample to determine if cells have sloughed off the walls of a damaged blood vessel. Wednesday... More of this article »
Image for Gay Cruise Sees Two Arrested

Gay Cruise Sees Two Arrested

On the Caribbean island of Dominica, police entered a cruise ship and arrested two men from the U.S. The two men were from California and were passengers on the gay cruise. Local police said they boarded the ship because of reports... More of this article »
Image for Nike Revenues Jump

Nike Revenues Jump

Nike has released better than expected results for their third quarter. The company cited a rise in demand for sporting goods in the United States. For the three-month term that ended February 29, Nike announced a 15% increase over... More of this article »