Home » Archive for June, 2013
Spammers launch attack with Fruit
Instagram, the network for photo sharing, was hit by a spam attack that was unusually colorful. Some would even say the site went bananas on Saturday. An Instagram representative has confirmed through an email that the network was... More of this article »
Solar-Powered Charging Stations Introduced By AT&T (NYSE:T)
AT&T has a new way to keep New Yorkers connected free. The company will plant 25 solar-powered charging stations in parks, beaches and other outdoor spaces in the five boroughs. The charging stations are part of a pilot project... More of this article »
S.E.C. Rebukes Billionaire On Failed Revlon Deal (NYSE:REV)
The Securities and Exchange Commission has announced that Revlon agreed to pay an $850,000 penalty to settle accusations of deceiving shareholders and its independent directors in connection with the failed attempt in 2009 to take... More of this article »
New Marriott Campaign Aimed At Younger Travelers (NYSE:MAR)
Marriott International is introducing a new advertising and branding campaign to attract younger travelers to Marriott Hotels and Resorts, its largest brand. The campaign, named “Travel Brilliantly,” is directed at frequent business... More of this article »
Gold and Silver Recover as Energy Falls
Gold and silver prices closed a bit higher Friday at the end of a rough week for the market. This marked the first gain for gold after four losses in a row. Investors have been dumping gold since last week after the Federal Reserve... More of this article »
Obama Meets with Mandela Family Privately
U.S. President Barack Obama met on Saturday privately with the relatives of Nelson Mandela, the former President of South Africa. The anti-apartheid icon who is 94 years of age remains in a South African hospital in critical but stable... More of this article »
Jobless Benefits Applications Drop 9,000 Last Week
Less Americans filed for unemployment claims last week. This was a sign that employers are slowing their rate of firings as the economy’s outlook becomes brighter. Jobless claims declined 9,000 to 346,000 in the week that ended June... More of this article »
Netflix Secures Deal With DreamWorks For New Shows (NASDAQ:NFLX)
Netflix has announced a multiyear deal with DreamWorks Animation for new TV shows for its Internet streaming service. DreamWorks will provide new episodic TV programs inspired by characters from past DreamWorks Animation franchises,... More of this article »
Google Threatening Adult Themed Blogger Pages
Internet search giant Google says that as of July 1, if a Blogger page contains adult content as well as ad-monetization, it will be shut down. It appears that Google, the platform’s owner, is not happy with the adult-themed sites.... More of this article »
Treasury Yields Close Higher due to Weaker Data
US Treasury prices closed higher Wednesday that was attributed to weaker than estimated economic data. There was little demand for the US Treasury five year notes that showed investors were worried with regards to the date the Federal... More of this article »
Mandela on Life Support, Family Summoned
South African Nelson Mandela, who was an activist against apartheid and spent 27 years behind bars before being elected the first black president of his country, was placed on life support, said one of his family members. Mandela,... More of this article »
Increasing Sales Lead to Brighter Outlook in Housing Market
The latest government reports showed that sales of new homes went up last month to the highest level in five years. There is still a lot of uncertainty in the home construction industry but the sales report rekindled builders’ optimism.... More of this article »
Two Shootings Injure Four Police Officers
In two separate attacks against the Los Angeles Police Department left four police officers shot. The attacks have led to a massive manhunt in one of the incidents and a response by SWAT in another where the suspect is barricaded. In... More of this article »
Major Law Firm Weil to Lay Off Lawyers and Support Staff
Weil Gotshal & Manges, which is one of the world’s most prominent law companies, announced that it would lay off 60 associate lawyers and 110 support staff. This was an indicator that the law industry continued to suffer from... More of this article »
Blackhawks lift Stanley Cup as NHL Champions
On a sticky humid night in Boston, Massachusetts, the Chicago Blackhawks defeated the Boston Bruins in game 6 of their best of seven Stanley Cup finals to win the series 4-2 and lift the Stanley Cup as the NHL Champions for 2012-13. The... More of this article »
Bond Yields on Track for Biggest Weekly Gain in a Decade
US equities stabilized in a volatile trading session Friday as Treasury yields were on track to get their largest weekly increase in 10 years. Investors reconsidered their positions as the Federal Reserve prepares to discontinue its... More of this article »
Berlusconi Facing Verdict in Trial
Silvio Berlusconi, the former Premier of Italy faces a verdict on Monday in his trial of sex-for-hire. Prosecutors are looking to put an end to his political career of two decades by putting him behind bars and banning his participation... More of this article »
US Stocks Falls for the Week
US stocks dropped for the week that sent indexes to their worst levels since April. This was after Federal Reserve Chairman Ben S. Bernanke said he could discontinue the monetary stimulus. All ten industries in the Standard & Poor’s... More of this article »
Prices of iPhones Slashed at Walmart
Walmart had aggressively slashed its prices on the iPhone 4S and the iPhone 5 made by Apple. Starting yesterday, the iPhone 5 will cost $129 and the iPhone 4S will be just $39. For the prices to be valid, a contract for 2 years must... More of this article »
Billionaire Wants To Make Dole Food A Private Company
Self-made billionaire David H. Murdock is betting he can take Dole Food private…again. Mr. Murdock, the chairman and chief executive of the company, offered to buy the 60 percent of Dole he did not already own, offering a price of... More of this article »
NSA Controversy Bad for US Tech Companies
Most Americans are now worried about their privacy after the disclosure of the secret National Security Agency surveillance programs. In an effort to relieve the concerns, a senior administration official said that President Barack... More of this article »
Skilling, Ex CEO of Enron has 10 Years Cut from Sentence
On Friday, the prison sentence for Jeffrey Skilling the former CEO of Enron was cut by 10 years by a federal judge. This officially closed the book on one of the country’s most spectacular cases of white-collar crime in the past... More of this article »
Georgia’s Jobless Rate and Hiring Up in May
The unemployment rate in the State of Georgia increased in May to 8.3 percent but labor officials said that job growth also gained during the month. The seasonally adjusted jobless rate is up one-tenth of a percent from 8.2 percent... More of this article »
Supreme Court Downs Anti-Prostitution Pledge
The United States Supreme Court said on Thursday that the government could not force health organizations that are private, to denounce prostitution to get money to help fight AIDS across the globe. The courts’ Chief Justice, John... More of this article »
US Companies Want to Save Corporate Tax Loopholes
Corporate America managed to lobby for loopholes in the tax code that benefits the companies. They are also working doubly hard to keep them as is. US companies have been showering Washington with money in an effort to thwart away... More of this article »
Three Naval Academy Players Charged with Rape
Three football players from the U.S. Naval Academy were charged with raping a female midshipman then making false statements. This is just the latest scandal related to sexual assault to hit the elite academy. The charges were filed... More of this article »
Google Spends $1 Billion To Purchase Waze (NASDAQ: GOOG)
Google has closed its deal to buy Waze, a popular social mapping start-up, for the price of about $1 billion. Both Google and Waze declined to have any executives available for an interview about the sale, but several executives released... More of this article »
Apple Exploring Options In Net Radio (NASDAQ: AAPL)
Many people know Apple as a company that makes some of the finest hardware in the world. Now, Apple is exploring opportunities available in the online music service market. The company will soon unveil its new Internet radio service... More of this article »
Taxpayers Pay Millions for Fed Workers Student Loan Relief
Federal workers have their student loans subsidized by the government. This was designed to make jobs in the government more attractive to those who might earn more in the private sector. The perk is now up for the chopping block. It... More of this article »
Aaron Hernandez, New England Patriots Player has House Searched
Law enforcement officials searched the home of Aaron Hernandez the New England Patriots player. Hernandez’s North Attleborough residence was searched on Tuesday after a man was killed who police said was an associate of the Patriot... More of this article »
Supreme Court Allows Regulators to Challenge Generic Drug Agreements
The Supreme Court ruled that antitrust regulators could challenge the agreements that allow rival drug makers to postpone the sale of a generic drug. The arrangements, known as reverse payment or pay for delay, allow brand name drug... More of this article »
Car Sales in Europe Hit Record Lows
Car sales in May for Europe plummeted to their lowest level in more than 20 years, which further eroded the hopes of manufacturers to see a recovery in 2013. France, Italy and Germany account for nearly 50% of the sales in the embattled... More of this article »
Central Banks Struggle to Communicate, Leads to Bond Yields Gains
It looks like central banks across the globe fail to give out the goals of their monetary policy as they face competing views. Chairman Ben S Bernanke tries his best to spell out when the Federal Reserve will pull back on its asset... More of this article »
Woman once on Death Row to Go Free
On Monday, after being behind bars for 27 years, Paula Cooper will walk out of an Indiana prison. Cooper was just 16 years old in 1986 when she became the youngest person in the U.S. on death row. Monday she becomes a free person. When... More of this article »
Bidding for Back Bay Parking Spaces Reaches $560,000
The piece of land is just big enough to fit two cars. It has weeds in its borders and a utility pole. But the auction for it has attracted a crowd. It is because the piece of land is a pair of tandem parking spaces in Back Bay, which... More of this article »
Vermont Grappling with Nation’s Second Highest Rate of Lyme disease
Vermont’s Lyme disease rate is the second highest in the nation, according to the Center for Disease Control. The infection rate in Vermont is close to 10 times higher than the national average for the most common tick born sickness. Vermont... More of this article »
Concerns about Origins of Genetically Modified Wheat Affect US White Wheat
Unapproved genetically engineered wheat was discovered in Oregon. Concerns about the discovery have been pressuring the US white wheat market for more than two weeks. Major buyer Japan extended the ban on wheat from the Pacific Northwest... More of this article »
Many more firms share data with Intelligence agencies
Last week the NSA whistleblower named nine companies allegedly sharing data with intelligence agencies, but a new report says the real number of companies that are collaborating with U.S. intelligence agencies is much larger. The report... More of this article »
Unemployment Claims Drop to 334,000 Last Week
There were less Americans who applied for unemployment benefits last week than the estimate. This showed that companies fired fewer workers as growth cooled in the quarter. Jobless claims declined 12,000 to 334,000 in the week that... More of this article »
Covering College Education Expenses With Savings Plans
Beyond the financial advantages of tax savings and tuition prepayment, there are more reasons to begin investing a college savings plan as soon as possible. Higher education and college education cost are rising rapidly A college... More of this article »
Alleged Nazi Living in U.S.
A former leader of a Nazi SS unit, which burned villages of women and children, lied to officials from immigration in the U.S. in order to enter the U.S. He is alleged to have been living in the state of Minnesota since shortly after... More of this article »
Share of Homeowners with Negative Equity Drop 20%
The share of borrowers who owe more than the worth of their homes dropped to less than 20 percent in the first three months of the year. At the same period, prices went up in hard hit markets. This was according to data from CoreLogic... More of this article »
Walgreen Testing Energy-Saving Ideas For Its Stores (NYSE:WAG)
The Walgreen Company keeps seeing the consumption of power at its stores inching up. To explore options to significantly reduce its electricity use, the company is building an experimental “net zero energy store” just north of... More of this article »
Apple said to be designing cheaper, bigger iPhones
Today’s mobile devices are conglomerations of a number of devices from a camera, to a tablet to a telephone and for an iPhone could set you back as much as $1,200. An insider has said that Apple is considering releasing a new version... More of this article »
Banks Earn Big on Overdraft Fees
The majority of banks earns large profits in overdraft fees by allowing customers to overdraw their checking accounts. This was according to a recent report released by the Consumer Financial Protection Bureau. Consumer groups want... More of this article »
Samsung Unveils Smartphone with High Quality Camera
South Korea based Samsung Electronics has unveiled its newest handset in the Galaxy line of smartphones. The new Galaxy S4 Zoom is said to be the first smartphone with a 10x zoom, as the handset maker attempts to blur the line even... More of this article »
Navistar Announces Losses Larger than Estimates in 2nd Quarter
Navistar International Corp. said its losses in the second quarter was larger than the estimates as the company absorbed higher warranty costs and lost sales as it shifted into a new engine technology. Jack Allen, chief operating officer... More of this article »
Americans Dealing With Bad Credit and Bankruptcy
Unfortunately there are many people that have had their credit rating destroyed by the economic crisis that the world is in. That is forcing many to shop for bad credit loans and consequently having to pay exorbitant interest rates... More of this article »