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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 »
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 »
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 »
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 »
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 »
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 »
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 »
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 »
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 »
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 »
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 »
Housing Report Not Good
A housing report released in February disappointed many, as sales on existing homes dipped last month. Economists were disappointed by the nearly 1% drop. The recent drop shows that even though the housing market’s bubble burst over... More of this article »
HTC To Buy MOG
Beats, a unit of HTC, will purchase MOG a music subscription service say people close to the deal. MOG has had discussions for quite some time with Beats and a deal between the two could become public within the next two weeks. A Beats... More of this article »
Room Rates Increase At Hotels Across North America
Statistics show that the average rate for hotel rooms in North America increased by 5% during 2011. The HPI is an annual survey of hotel room rates in major destinations around the world. It is based on bookings through hotels.com.... More of this article »
Adobe Misses Target
Adobe Systems Inc. the world’s largest graphic design software maker has forecasted for lower than estimated profit as it increases spending for marketing and sales and adds a new subscription-pricing approach. Profit for the second... More of this article »