Home » Archive for September, 2013
Mark Cuban to face off with SEC over Insider Trading
Mark Cuban the owner of the NBA Dallas Mavericks was participating in a June 2004 celebrity golf tournament when an email came through from a Mamma.com top executive. The email was from Guy Faure, the CEO of the company and asked Cuban... More of this article »
White House Allocates Millions for Schools to have Police Officers
The White House administration said it is planning to spend up to $45 million to have armed police officers inside schools across the country. The move was advocated by the gun rights group the National Rifle Association following... More of this article »
King.com Files for IPO
The tech sector is now looking forward for the next hot IPO candidate. King.com filed an S-1 document with the Securities and Exchange Commission worth $5 billion. The company’s filing is similar to the one that let Twitter to keep... More of this article »
Apple Turns Stadiums into Playgrounds
Major League Baseball has launched a huge initiative to make going to their baseball games a fun-filled interactive experience for all fans. Using Apple’s iBeacon indoor mapping, which is a new iOS7 feature, professional baseball... More of this article »
Vaccinations Urged by Experts Prior to Flu Season
This week health experts sent out the message that the time for flu shots is now for Americans. The National Foundation for Infectious Diseases announced at a Washington, D.C. press conference said that it recommended everyone who... More of this article »
Blackberry Receives Buyout Offer (NASDAQ:BBRY)
BlackBerry has announced that it has signed a letter of intent to pay shareholders $9 a share in cash to take the company private. The letter of intent for the deal, worth an estimated $4.7 billion, was from a group led by Fairfax... More of this article »
Twitter IPO Leaning Toward NYSE
Twitter might list its shares on the New York Stock Exchange when it goes public. This was seen as a blow to the Nasdaq Stock Market. Getting the high-profile IPO would help the NYSE solidify its allure among new technology companies... More of this article »
New Amazon Tablets have Video Helpdesk
Two new Amazon tablets were unveiled on Tuesday. The high-definition flat board computers have an on-screen live helpdesk feature the online company hopes will give it a leg up over devices from its rivals such as Google and Apple. The... More of this article »
GM Dumps Expensive Debt with Lower Cost Debt
General Motors announced that it would replace around $3.2 billion of preferred shares owned by a UAW trust fund with lower cost debt. It continues to whack away at the financial constraints as a result of its 2009 bailout. Since it... More of this article »
California Regulators Approve Ride-Sharing Services
Ride-sharing services got the approval from California regulators Thursday. The move gave the services hope that the move will clear their legal status in other regions. The California Public Utilities Commission made a new category... More of this article »
Tesco Unveils New Tablet Hudl
In a place you might purchase tomatoes, tuna or tea you can now find a tablet. Tesco, the supermarket chain in Britain has unveiled its own tablet. The new tablet named the Hudl was released on Monday. Tesco is not releasing an inexpensive... More of this article »
Jobless Rates Remain or Fall in 32 States
15 states saw their jobless rates below the US rate of 7.3 percent in August. This was according to the report released by the government. North Dakota got the lowest jobless rate in the nation with 3 percent that was attributed to... More of this article »
New Program Launched by Sprint
Sprint has announced a new program that will give customers the opportunity to upgrade phones every year. Sprint is the last of four national wireless carriers that has targeted clients who want newer devices. One Up, Sprint’s new... More of this article »
Allegiant Declines Due to Canceled Flights
Allegiant Travel Co. dropped the most since July after it canceled 15 percent of its flights after the grounding of its Boeing Co. MD-80s to make sure that its emergency slides meet safety standards. The airline moved 16 of the canceled... More of this article »
Alabama Ends Segregated Sororities at Universities
On Friday four black women joined University of Alabama sororities that had been traditionally white. Earlier in September, two black women had been passed over for admission by similar sororities due to alumnae pressure. Judy Bonner,... More of this article »
Fed Surprises Wall Street with No Taper
Traders were caught by surprise by the Federal Reserve when the central bank made the announcement that it would not taper its stimulus program. Right after the announcement, the 10 year benchmark Treasury increased with buyers rushing... More of this article »
Shortages of iPhones in Europe Cause Frustration
The new Apple iPhones 5S and 5C debut today, but short supply of one of the phones in parts of Europe has left mobile carriers concerned and frustrated, said the BBC news network. A number of networks said the stock of the latest high-end... More of this article »
Exxon Announces Health Care Expansion (NYSE:XOM)
Starting on October 1, The Exxon Mobil Corporation will extend health care benefits to married same-sex couples. Exxon will also extend other employee benefits to the same-sex spouses of their employees. In the past, Exxon has drawn... More of this article »
Starbucks Says Guns Unwelcome in Stores
Starbucks Corp. announced Wednesday that guns will not be welcomed in its cafes. This has brought the coffee chain giant deeper into the debate regarding weapons that has been difficult for retailers and other businesses. The request... More of this article »
Authorities: Sixth Body Found in Recovered Cars
A 1969 Camaro that was hauled from Oklahoma’s Foss Lake matched the one driven by Jimmy Williams before he disappeared with his friends Leah Johnson and Thomas Rios back in 1970. Another car, a Chevy from the 1950s, looks to be the... More of this article »
Consumer Prices Increase in August
Consumer prices in the United States slightly increased in August. This was the latest indicator that slow economic growth has been keeping the inflation in check. The Labor Department said that the consumer price index went up 0.1... More of this article »
Blackberry Launches Z30, an Oversized Smartphone
Blackberry has put its fate in the Z30, a new smartphone with a 5-inch display, a bigger battery and stereo speakers. The new smartphone comes at a time when speculation is high over the sale of the company. On Wednesday, the Blackberry... More of this article »
Shopify with Challenge for Entrepreneurs
Shopify has announced a challenge for entrepreneurs called Build-A-Business competition. Shopify has helped business owners get their businesses online and improve their consumer experience. The company has powered more than 60,000... More of this article »
Islamist Leader in Bangladesh Handed Death Sentence
The Supreme Court in Bangladesh has handed a senior leader of the Islamists, a sentence of death for crimes against humanity. The sentencing caused over 2,000 people to take to the streets in protest. The fourth-highest Islamist leader... More of this article »
How to Shop for Broadband Internet
When you are looking for new broadband internet service, you might not think about shopping around. It’s best to do some research before picking sky broadband home in order to get the best service at the best price. If you know people... More of this article »
BT TV and the Right Package for you
No matter what you demand from your cable experience, a bt tv package may be just what you’ve been searching for. Whether selecting a cable package based on your budget, personal interests, or simply on a channel preference, bt tv... More of this article »
Seattle Defeats San Francisco Easily
Sunday night the Seattle Seahawks made a huge early season statement by defeating the San Francisco 49ers 29-3. The dominant win by the Seahawks showed that the power balance in the NFC might have shifted to the Pacific Northwest. Of... More of this article »
Intel to Lower Production Capacities
Intel, which is the world’s leading manufacturer of computer chips, is reported to be closing its factory in Massachusetts. It would cut up to 700 high-paying manufacturing jobs, which would be one of the biggest job cuts in the... More of this article »
Authorities: Deadly Amoeba Located in Municipal Water Supply
A child, who was just four years of age, died from a brain infection in Louisiana and led health officials there to discover that the rare infection was caused by a deadly amoeba in the water supply of St. Bernard Parish, just southeast... More of this article »
Japan has iPhone Free with 24-month Contract
Wireless carriers in Japan are offering the new iPhone 5S for free if a 24-month contract is signed. The entrance of NTT DoCoMo into the iPhone frenzy in Japan has caused some fierce competition to win customers, with the three carriers... More of this article »
Hilton Chain Expects to Raise $1.25 Billion in IPO
Blackstone Group is going to take Hilton Worldwide Holdings public in an initial public offering that is expected to earn up to $1.25 billion. This was according to a regulatory filing Thursday. Hilton owns and franchises a portfolio... More of this article »
Patriots Play Sloppy, but Defeat Jets
Thursday night’s win by New England over New York was nothing short of sloppy. Actually, the Jets had an opportunity to win, but lost their cool in the last minute of play and let the Patriots off the hook. Geno Smith, the rookie... More of this article »
Unemployment Claims drop to 292,000
Initial unemployment claims dropped to the lowest level in 7 years, but the Department of Labor said part of the reason were technical glitches experienced in states’ reporting, instead of improvement in the country’s labor market This... More of this article »
McDonald’s August Sale Increase Due to Higher Demand in Europe
McDonald’s Corp, the world’s biggest restaurant chain, reported its sales at stores open at least 13 months gained 1.9 percent last month. This was above the estimates made by analysts. The increase was attributed to the demand... More of this article »
Opioid Drugs to Have Stringent Labeling
The U.S. Food and Drug Administration, responding to a series of calls to stop the increasing epidemic of addictions to prescription drug as well as overdoses, has urged doctors to prescribe the most powerful pain killers for their... More of this article »
Top 20 World Universities List has 10 in U.S. and Six from the UK
According to the latest list of the world’s top universities, six of the top 20 are located in the United Kingdom. Moving into the top 20 were Edinburgh and Kings College London. Schools located in UK that were in the top 10 included... More of this article »
Payrolls Climb Less than Predicted
Payrolls in the United States increased less than the estimate in August. The gains for the previous two months were revised down. These indicated that the expansion has struggled to gain momentum. 169,000 workers were added last month,... More of this article »
Court in Montana Blocks New Rape Sentence
On Friday, the Supreme Court of Montana ordered a judge from county court to cancel a hearing that was scheduled to reconsider a prison sentence of 30 days. The judge gave the sentence to an ex-high schoolteacher, who had been convicted... More of this article »
JP Morgan Chase to Stop Student Loans
Due to a large drop in private student loan originations, a spokesperson from JPMorgan Chase confirmed the bank decided to stop issuing any more student loans starting October 12. The spokesperson for JPMorgan said that in the past... More of this article »
Ford Competes with Tech Companies in Finding New Workers
Ford Motor announced that it will hire 3,000 more white-collar workers in 2013 in order to meet with the increasing demand for its vehicles. The company said that it improved this year’s hiring target by 36 percent from around six... More of this article »
Sushmita Banerjee Killed in Afghanistan
Sushmita Banerjee, an Indian woman who authored a popular memoir of her escape from Taliban militants, was shot and killed by the same suspected militants in Afghanistan, said police. Banerjee, who was the wife of a businessman from... More of this article »
Campbell Soup and Green Mountain Coffee Enter Agreement
Green Mountain Coffee Roaster and Campbell Soup Company announced on Thursday an agreement had been reached to bring Campbell’s the No. 1 soup brand in the U.S. together with Keurig, the No. 1 brewer brand of coffee in the U.S. by... More of this article »
Ariel Castro Found Dead in Cell
Ariel Castro, the man convicted in August on charges of kidnapping and keeping imprisoned three women for up to ten years, was found hanged in an Ohio prison cell. Castro’s death was confirmed by the Rehabilitation and Correction... More of this article »
Lenovo CEO Shares Another Bonus with Employees
Yang Yuanqing, the CEO of Lenovo Group Ltd., the largest PC maker in the world, said he would share a minimum of $3 million of his personal bonus with his employees. This is the second consecutive year he has done this. Yuanqing received... More of this article »
Microsoft Modifies Second Generation Surface (NASDAQ:MSFT)
Because of the less than enthusiastic reaction to the first generation of Microsoft Surface tablets, the company has decided to make a few modifications to the second generation of the device. Microsoft wanted to design a device that... More of this article »
Top Executives at HTC Arrested
Three design executives at HTC have been arrested for allegedly leaking company trade secrets. This has sent the Taiwan-based smartphone maker’s stock tumbling downward Monday as troubles deepen amidst a wave of departures from senior... More of this article »
Blueberries Help Lower Diabetes Risk
Eating extra fruit, in particular blueberries, grapes and apples has been linked to a lower risk for the development of type-2 diabetes, suggest a just concluded study. Blueberries lower the risk 26% compared to just 2% for three servings... More of this article »