Home » Archive for August, 2012
Manchester United Disappoints On Wall Street Opening
The initial public offering for Manchester United started slow on Friday at the New York Stock Exchange, despite opening with a reduced price. Originally, the English football (soccer) club had hoped to offer its shares for $16 to... More of this article »
GlaxoSmithKline Bids $3 Billion To Purchase Human Genome Sciences (NYSE: GSK)
GlaxoSmithKline announced plans to buy Human Genome Sciences for about $3 billion. Human Genome is a biopharmaceutical company, which have been in high demand for acquisition in recent years. As older treatments lose patent protection,... More of this article »
Pilot from JetBlue Experiences Psychotic Episode
The former pilot of JetBlue Airways who ran through the plane he was captaining screaming about terrorism and religion, experienced a psychotic episode while in custody. According to just released court documents, the pilot will now... More of this article »
Prices of Corn Soar To New Highs
Corn futures soared to new highs following an announcement by the U.S. government that the devastating drought in the nation’s farm belt had destroyed over 1/6 of the corn crop in only one month. The Department of Agriculture dramatically... More of this article »
Applications for Unemployment Benefits Decreases
There were less Americans who filed for unemployment benefits last week. Analysts saw this as a sign that the labor major has been improving after hiring increased in July. Jobless claims decreased by 6,000 to 361,000 in the week that... More of this article »
Trade Deficit Shrank In June
The trade deficit in June shrank more that what was expected during June. The largest drop in the price of crude oil, in over three years, helped to lower the import bill for the U.S. The deficit narrowed by 11% to nearly $42.9 billion,... More of this article »
Chinese Politician’s Wife Lured Businessman to Hotel
The wife of Bo Xilai, the disgraced politician in China, lured a businessman from Great Britain to a Chongqing hotel in the southwestern part of China. After getting the businessman drunk, she poisoned him, testimony revealed on Thursday... More of this article »
Starbucks Utilizes Mobile Payments Via Square
Starbucks signed with Square Inc. that will have the world’s biggest coffee chain use the 2-year old startup’s technology to process mobile payments. It has won over other established payment processors. The deal was announced... More of this article »
Software Patent Dispute Costs RIM $147 Million (NASDAQ: RIMM)
Research in Motion has been found liable for $147.2 million in damages for infringing patents held by Mformation Technologies. Mformation sued RIM in federal court in San Francisco in 2008, accusing it of infringement of two patents. ... More of this article »
Obese Outlive Others among Diabetics
People who have type 2 diabetes and are trim, might not live the same length of time as people with the same condition who are overweight, says a new study. The recent study showed that people who carried a normal weight when diagnosed... More of this article »
Samsung Investigating Child Labor Allegations
Samsung has decided to investigate recent allegations of child labor at one of its factories. Accusations surfaced recently against HEG Electronics, one of Samsung’s suppliers that said the company was using underage children to... More of this article »
Analyst Predicts 170 Million iPhone 5 Units to be sold
A computer analyst says he feels that based on prior models’ sales the new iPhone 5 will sell about 170 million units through the middle of next year. He said that out of the more than 200 million iPhones that should be sold in the... More of this article »
Police Credit Hostage with Helping End Standoff
A standoff between a gunman and police involving a hostage ended peacefully Sunday. A man had walked into a Yuba City, California sporting goods store and held an employee hostage at gunpoint for hours, said officials. Police identified... More of this article »
Autopsy Scheduled For Women Shot By Husband
On Monday, the office of the coroner will perform an autopsy on a woman who was shot while in her intensive care unit bed. The woman, who was from northeast Ohio was allegedly shot by husband, in what police say could be a mercy killing. John... More of this article »
Honey Might Ease Coughing At Night
Just a spoonful of bee’s honey before bedtime might help young children who have a cough, sleep during the night, a recent study suggests. Parents reported that giving kids honey made their coughing less severe and less frequent. Coughs... More of this article »
Andy Reid’s Son Found Dead
The oldest son of Andy Reid, the head coach of the NFL Philadelphia Eagles, was found dead early Sunday morning. Garret Reid was 29 and was found in his dormitory room at Lehigh University, where the Eagles are holding training camp.... More of this article »
163,000 New Jobs a Sign of a Resilient Economy
The US economy managed to generate 163,000 jobs last month. It is said to be the fastest pace since February and a clear sign that the economy is resilient enough to improve from a midyear slump and grow at a modest rate as the rest... More of this article »
Unemployment Rate Up to 8.3 Percent Even if US Added 163,000 Jobs in July
The unemployment rate in the United States increased to 8.3 percent in July even if 163,000 new jobs were created. Friday’s job report showed that payrolls have an upward trend for the past two years, with an average of around 150,000... More of this article »
Jobs Was Willing to Make Mini-iPad
One of Apple’s senior executives has said that Steve Jobs the founder of Apple was willing to have the company design a smaller tablet, says an email that was revealed this Friday. Rumors are that a mini-version of the 10-inch iPad... More of this article »
Man Could Have Fakes His Death
A woman from New York told police her husband faked his drowning so he could collect on the life insurance and abandon her. Evana Roth said it was all a nightmare that she wished she could wake up from. Raymond Roth told his wife on... More of this article »
Terror Suspects Arrested In Spain
Spanish authorities have arrested members of al-Qaeda, who were planning some sort of terrorist attack. The three men arrested had a huge stockpile of varying explosives. Law enforcement in Spain believes the suspects were planning... More of this article »
Economy in July added 163,000 Jobs
Employers in the U.S. increased their hiring in July. The economy continued its up and down recovery heading towards the fall presidential election. The payrolls in the U.S. were increased by 163,000 during July, said a Labor Department... More of this article »
Judge Upset over Disclosure of Documents
The judge presiding over the legal battle between Samsung and Apple is said to be livid. One of Apple’s attorneys said that a Samsung attorney had issued a press release that aired evidence that was not allowed to be admitted by... More of this article »
Three Planes Barely Avoid Colliding
Three US Airways jets narrowly avoided a midair collision with one another. On Tuesday afternoon, the planes were near Ronald Reagan Airport when they were within seconds of colliding. Airport air traffic controllers apparently mistakenly... More of this article »
New York Says Mothers Should Breastfeed
Mayor Michael Bloomberg of New York City and officials from the state are pushing new initiatives aimed at urging new mothers to give their babies’ breast milk. Many parents and others are criticizing officials for interfering with... More of this article »