Home » Archive for May, 2012
Jobless Claims Increase, Private Jobs add 133,000
New unemployment claims increased last week for the fourth consecutive week heightening concerns the recovery in the labor market is softening. During May, private employers also added just 133,000 jobs, which was fewer than anticipated.... More of this article »
Big Sizes to Be Banned In NYC
The city of New York plans to ban the sale of large soft drinks and other drinks that have high amounts of sugar, at movie theaters, restaurants and street carts. This is the biggest effort yet by the city of New York in its war against... More of this article »
Bone Test inspired by Astronaut Could Help Diagnosis
A urine test might soon reveal more about the bones of a person than X-rays, say researchers from the U.S. A new study was paid for by NASA, because of bone loss experienced by astronauts while in space. The new test could help them... More of this article »
Oil Drops to Seven-Month Low
The price of oil dropped to less than $89 per barrel on Wednesday hitting a low of seven months as sovereign debts woes in Europe pushed markets lower. The price of oil in New York dropped to $87.90 as of 12:30 pm, down close to $2.80... More of this article »
Taylor Receives 50 Years
Charles Taylor the former President of Liberia will most likely spend his remaining years in jail. A U.N. supported court sentenced the former leader to 50 years behind bars for war crimes. Taylor becomes the first former leader to... More of this article »
Air France Announces Plans To Cut Jobs And Streamline Operations (PINK: AFLYY)
Air France announced plans to reduce staff and reduce its short- and medium-distance fleet in an effort to cut costs. The airline said that services that are losing money and are deemed as having no prospect of making money would... More of this article »
Cisco Reports Income Increase In Third Quarter (NASDAQ: CSCO)
Cisco Systems reported that net income was up 22% in its fiscal third quarter, compared to the same quarter last year. Cisco reported net income of $2.2 billion, or $0.40 a share, for the quarter ended April 30. This is up from... More of this article »
Police Searching For Witnesses in Face Attack
Law enforcement in Miami are searching for additional witnesses after one of their police officers shot and killed a naked man, after the man refused to stop biting the face of another man who was also naked. The man continued chewing... More of this article »
Painkillers Protect Against Skin Cancer
A new Danish study says that common painkillers might help protect people against skin cancer. Researchers say people who take anti-inflammatory, nonsteroidial painkillers on a regular basis, such as ibuprofen and aspirin were less... More of this article »
Tourism on Gulf Coast Rebounds
Two years after the BP oil spill, the Gulf Coast is hot again, and not just because of the beautiful hot sun. Tourists are flocking to the white sand beaches in the region following two years of nearly no tourism. Helping bring tourists... More of this article »
Sony Reveals New Plan To Return To Profitability (NYSE: SNE)
Sony revealed its expectations to return to profit this year. For the current financial year, which runs through next March, Sony forecast a full-year net profit of ¥30 billion and expectations of an operating profit of ¥180 billion. ... More of this article »
Woman and Unborn Baby Survive Horror
A young 22-year old and her unborn baby survived being kidnapped, shot and set on fire in Michigan, said police. The woman is nine months pregnant and she told authorities she was leaving her ex-boyfriend at the home of his new girlfriend... More of this article »
The Avengers Drops to Second
Memorial Day weekend will be remembered by Sony as the weekend Men in Black 3 took the box office title away from Disney’s The Avengers. The sequel starring Tommy Lee Jones, Will Smith and Josh Brolin took over first place in the... More of this article »
Spain Sees Borrowing Costs Increase More
The concerns over the ability of Spain to fix its ailing bank system, while simultaneously trying to fix its shaky interior regions and reduce a gaping hole in its budget has helped send the cost of borrowing by the country to record... More of this article »
Banks Wants Compensation for False Accusation and Conviction
On Thursday, the rape conviction of Brian Banks was dismissed. The former football star in high school dreamed of playing professional football until he pleaded no contest at the age of 16 to raping a childhood friend. She falsely... More of this article »
Pill not as effective as Long-Term Contraception
A large test of methods of birth control has found that more women in the U.S. get pregnant when using methods that are short acting like patches, pills and vaginal rings. The highest failure rate for these types of contraception were... More of this article »
Swiss Make Plans for Possible Euro Demise
Switzerland might introduce controls on capital to fight the spike in the Swiss franc in case a collapse takes place in the euro zone. The measures are ones the nation has not put into place since the 1970s. A potential exit by Greece... More of this article »
Google’s Deal To Buy Motorola Mobility Completed (NASDAQ: GOOG)
Google announced the completion of its $12.5 billion acquisition of Motorola. Chief Executive Larry Page, a founder of Google, announced the news, saying, “Motorola is a great American tech company that has driven the mobile revolution,... More of this article »
Malaria Drugs Often Time Faulty or Fake
A new study indicates that over one third of all medicines for malaria tested in sub-Saharan Africa and Southeast Asia were faulty or fake. The study says the subpar drugs could help the parasites become harder to try to eradicate. Drugs... More of this article »
IBM Says No to Siri
The door for the time being was closed by IBM on Siri. IBM is worried Siri cannot remain quiet and that to IBM is dangerous. IBM has allowed Apple products like the iPhone 4s and other consumer smartphones that are employee owned as... More of this article »
Now Even Flying Together Costs More
This year’s summer air travel will cost travelers even more. Airlines are charging more for both window and aisle seats, with some airlines charging as much as $25 for each way. It is not as simple as just buying your ticket, reserving... More of this article »
Dish Network Goes To Court Over Ad-Skipping Feature (NASDAQ: DISH)
Opposing lawsuits were recently filed by Dish Network and three television networks over a new feature offered by Dish called Auto Hop. Auto Hop allows Dish subscribers to skip all the advertising automatically during most prime-time... More of this article »
HP To Eliminate 27,000 Jobs To Save $3.5 Billion Per Year (NYSE: HPQ)
Hewlett-Packard Co. has announced plans to cut 27,000 jobs in an effort to turn around the ailing company. This would be the largest payroll purge in HP’s 73-year history. The job cuts and other austerity measures are expected... More of this article »
Suicide of Seven-Year Old Shocks Detroit
A police report said that a 14-year old girl peeked through a keyhole of a room that was locked in her family home and saw her brother, a seven-year old, with a belt around his neck and hanging from his bunk bed. The girl immediately... More of this article »
Calcium Supplements Could Increase Heart Attack Risk
A new study says that calcium supplements increase the risk of heart attacks, German and Swiss researchers reported on Wednesday. This new finding adds to an already increasing amount of evidence that the supplements increase the risk... More of this article »
Refunds Possible For Facebook Investors
The lead investment bank for the initial public offering of Facebook, Morgan Stanley has announced it will compensate investors who had overpaid when they invested in last Friday’s IPO. A person close to the matter said Morgan Stanley... More of this article »
Former Housekeeper Sues Sharon Stone
Sharon Stone was sued on Wednesday by her housekeeper. The former live in housekeeper and nanny, has claimed a number of things in her documents that were filed in court yesterday. The harassment lawsuit was filed by Erlinda Elemen... More of this article »
Man arrested in 33 Year Disappearance
The New York Police Department announced that a man had implicated himself in 6-year old Etan Patz’s death. The youngster disappeared over 33 years ago while on the way to school. His disappearance helped start the movement for missing... More of this article »
Hewlett Packard Slashes 27,000 Jobs
On Wednesday, PC maker Hewlett-Packard announced it was cutting 27,000 jobs in a maneuver that was highly expected. HP hopes the cuts will help slim down the company and lower costs. The layoffs total 8% of the entire HP workforce... More of this article »
Tourism Returns to the Riviera Maya
The Riviera Maya is located along a stretch of 80 miles of Mexican coastline that borders the Eastern Caribbean. Just south of Cancun on the Yucatan Peninsula, the area is known for its beautiful white sand beaches and the multi-hued... More of this article »
World Markets Tumble on Wednesday
Due to worries over China and Greece, world markets plummeted on Wednesday, as European leaders are set to meet to discuss Greece. Signs from China also tested the anxiety of investors, as the world’s second largest economy looks... More of this article »
Doctor Convicted Of Treason for Helping Locate Bin Laden
A doctor from Pakistan who was instrumental in helping the United States find Osama bin Laden, received a sentence of 33 years behind bars. He was convicted of conspiracy against the government. The verdict will likely strain even... More of this article »
Skechers Agrees To Pay $40 Million To Settle Toning Shoes Claims (NYSE: SKX)
Skechers has agreed to pay $40 million to settle complaints about its toning shoes. Federal regulators brought allegations that the company deceived consumers with claims that some of its sneakers could deliver toned legs, better... More of this article »
Three lose their lives on Mount Everest
While descending the summit of Mount Everest, three climbers died over the weekend. Eberhard Schaaf, a German climber who was 61, was climbing with an expedition known as Eco Everest, which was there to remove old garbage that has... More of this article »
Stocks Up As G8 Pledges Growth
On Monday, global stocks were up off their lows for 2012 and oil was on the rise again after four sessions of falling. World leaders from the G8 said they will support growth in the euro zone and China emphasized that priority should... More of this article »
The Avengers Continues Its Incredible Run
The Marvel Studios blockbuster The Avengers is like the Eveready Bunny, it just keeps on going and going and going. Three new movies hit the box office over the weekend and all three failed to get close to the $55.1 million the superhero... More of this article »
Common Drug Might Cure Dysentery
An arthritis drug could prove to be an effective medication against parasites that cause dysentery, said researchers. The drug auranofin, known as ridaura, reduces inflammation, thereby combating the effects of rheumatoid arthritis.... More of this article »
Top Browser is now Chrome
The top internet browser in the world is now Chrome. The browser last week topped Internet Explorer to become the world’s most used browser. The browser had gained incredible momentum over the past year and one tracking site says... More of this article »
Poverty has Increased Among Retirees
As the gap between the wealthiest working people and the poorest grows, so does the gap between the poorest retirees and wealthiest. More and more older Americans are living their retirement years stuck in poverty. A recent study by... More of this article »
Only Convicted Person in Lockerbie Bombing Dies
Abdel Baset al-Megrahi has died in Libya today at the age of 60. He was a former intelligence officer for the Libyan government and the only person to be convicted of the Lockerbie bombing of 1988 that killed 270 people. Three years... More of this article »
Twitter Blocked By Pakistan Authorities
Pakistani authorities blocked access to Twitter on Sunday. The authorities said the website refused to have posts removed that promoted a competition on Facebook that involved caricatures of Mohammed. A spokesman from the Pakistan... More of this article »
Lead Poisoning Definition Toughened
The Centers for Disease Control have toughened the standard by what is lead poisoning for children. This is the first time the standard has been reduced in over 20 years. The CDC, in an internet post announced its change, which followed... More of this article »
Seven Companies Receive FDA Approval for Generic Plavix
Plavix, the blood thinner, has gone generic. On Thursday, the Food and Drug Administration gave approval to have lower cost options for people who take the medication to lower their risk for heart attack and stroke. Plavix, the second-best... More of this article »
Raven-Symone says her Sexual Orientation is her own
Actress Raven-Symone has never been one to talk much about her private life and said she will not be doing so anytime in the near future. The National Enquirer claims the actress is living currently in New York in a condominium with... More of this article »
Three People Charged In Terror Plot
Three men were taken into custody earlier in the week after police in Chicago raided an apartment. The three were being held on terrorism conspiracy charges and accused of making Molotov cocktails they allegedly were planning to use... More of this article »
Woman in South Carolina Has Rare Infection
A woman in South Carolina is undergoing treatment because of a rare infection. The flesh-eating bacteria she contracted have caused her to become critically ill. Lana Kuykendall just had her fifth surgery to remove dead tissue from... More of this article »
Hewlett-Packard Expected To Cut Over 25,000 Jobs
Hewlett-Packard is said to be considering eliminating 7% of its employees or roughly 25,000 workers. The PC maker needs to slash its costs to cope with the decline in sales of computers and services. The cuts might include up to 15,000... More of this article »
Mississippi Arrests Suspect in Highway Murders
A suspect in the shootings of two people in Mississippi has been arrested. Two people were killed in northern Mississippi on highways in the early morning hours of last week. The suspect, James Willie of Sardis, Mississippi was in... More of this article »