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Klinsmann’s Young Players Showed They Belong
The U.S. was knocked out of the World Cup on Tuesday by Belgium 2-1 in extra time. However, there were plenty of signs that good things are on the horizon for the Americans. Veteran goalkeeper Tim Howard made 16 saves, some of them... More of this article »
Inhaled Medication for Diabetes Approved By FDA
People who have type 1 or 2 diabetes will now have another means of taking their medication. The U.S. Food and Drug Administration approved on Friday the first inhaled treatment for diabetes. Afreeza, the new drug, is a treatment option... More of this article »
General Electric Reaches Deal For Alstom Assets (NYSE:GE)
After nearly two months of negotiations, General Electric has announced that the company has reached a deal to purchase Alstom for $13.5 billion. G.E. is adding Alstom’s steam turbine factory in Belfort and a gas turbine plant in... More of this article »
Reports Of Another General Motors Recall Increases Safety Concerns (NYSE:GM)
General Motors has announced new recalls affecting more than half a million more vehicles, adding to the mounting toll of its safety crisis. In the largest new recall, the company is recalling 392,459 full-size pickup trucks and sport... More of this article »
Judge Charges Vice President of Argentina with Bribery
A judge in Argentina has charged Amado Boudou the Vice President with bribery as well as conducting business that is incompatible with holding public office, due to the acquisition of a company that prints the currency in the country... More of this article »
Bacteria Test Failed by 10% of U.S. Beaches
Take heed swimmers 10% of the water samples from lake and coastal beaches in the U.S. failed to meet the safety standards that were set by the United States Environmental Protection Agency, said a new report. One expert said there... More of this article »
Brazilian Family Has Extra Fingers
Brazil has won five World Cup titles, but for one family of Brazilians the five is one short. Fourteen Da Silva family members were born with six fingers on both hands and six toes on both feet due to a rare genetic condition known... More of this article »
Founder of American Apparel Ousted For Posting Nude Photos
Dov Charney, the CEO and founder of American Apparel was fired this past week due to a company investigation done internally that found he misused company monies and allowed an employee to post photographs of a former female worker... More of this article »
BlackBerry’s Earnings Ease Concerns About Stability (NASDAQ:BBRY)
Over the past few years, investors have gotten used to BlackBerry’s relentlessly grim financial results. So for many of them, the smartphone company’s most recent earnings report was a pleasant surprise. The company reported a... More of this article »
Sales and Profit at Oracle Miss Estimates
Sales and profit at Oracle Corp. ended short of estimates by analysts for its fiscal fourth quarter, as competitors such as Salesforce.com and other rivals in cloud computing lure away customers. Profit prior to certain types of costs... More of this article »
Tony Gwynn Dies of Cancer Aged 54
Tony Gwynn the former All-Star in Major League Baseball and a member of the Hall of Fame has died at the age of 54. Gwynn spent each of his 20 years in the majors with the San Diego Padres of the National League. Gwynn was on medical... More of this article »
Google Announces $500 Million Purchase Of Skybox Imaging (NASDAQ:GOOGL)
Google has made an announcement detailing its agreement to purchase Skybox Imaging for the price of $500 million. Skybox, a provider of high-quality satellite images, was founded in 2009 by four Stanford business school students under... More of this article »
P.F. Chang’s Credit Card Breach is Confirmed
On Friday, the P.F. Chang’s China Bistro announced that they had suffered a breach that involved data from the debit and credit cards of customers that were used in its restaurants. This confirmed a report earlier in the week. After... More of this article »
Priceline to Acquire OpenTable
Priceline has agreed to buy OpenTable the online reservation company for restaurants for over $2.6 billion. Priceline, the online travel business should be helped by branching out into a new segment of business. Darren Huston the President... More of this article »
JetBlue Reveals New Value-Priced Business Class Service (NASDAQ:JBLU)
To lure more business class fliers, JetBlue has created a new value-priced business class service named Mint. The new service is being launched on coast-to-coast flights between New York and Los Angeles or San Francisco starting this... More of this article »
Cheese Makers Fear Wood Crackdown
For artisan cheese makers aging their cheese on boards made of wood is commonplace in both the U.S. and overseas. However, now some members of the industry have become worried that regulators might crack down on the practice. The U.S.... More of this article »
Tyson Foods is Winner of Hillshire Battle
Tyson Foods won the battle to purchase Hillshire Brands Co by offering close to $1 billion more than Pilgrim’s Pride its rival. The offer by Tyson is equal to $63 per share and is all cash, which values Hillshire at $7.7 billion. Pilgrim’s... More of this article »
Sprint, T-Mobile Deal Hinges On Approval Of Skeptical Regulators (NYSE:S) (NYSE:PCS)
Sprint and T-Mobile USA have reportedly settled on the terms of a $32 billion deal to merge the two companies. The deal’s supporters say that instead of reducing the number of competitors in the wireless phone industry, it would... More of this article »
S&P Moves Ireland Up a Notch
On Friday, Standard & Poor’s said it had upgraded the government bonds of Ireland by a notch to an A-minus rating, saying the country was making positive progress in recovering from its banking and debt crisis of six years. This... More of this article »
Netflix And Verizon Trade Barbs On Streaming Delays (NASDAQ:NFLX) (NYSE:VZ)
People streaming shows on Netflix may have noticed a message on the screen from the company blaming Verizon for slowing down their streaming speed. Journalist Yuri Victor, who noticed the on-screen message as he began to stream a television... More of this article »
Chemical Safety Board Finds BP’s Fixes Inadequate (NYSE: BP)
In 2010, a disaster at BP’s Deepwater Horizon rig in the Gulf of Mexico dumped millions of gallons of oil into the sea and killed 11 workers. Since the incident, the principal government regulatory agency monitoring offshore drilling... More of this article »
Increasing Adoption of WhatsApp in the U.S. Challenging
Brian Action the co-founder of WhatsApp said that is remains a challenge for the company to increase the use of its messaging service in the U.S. as well as in some other markets. However, the company will still be able to create significant... More of this article »
U.S. Has Stopped Major Extortion and Hacking Ring
An international operation led by the U.S. put to an end a crime ring that had infected many hundreds of thousands of PCs across the globe with a malicious software that is used to steal banking information and to extort the owner... More of this article »
Eating White Bread is Reason for Increased Obesity
The consumption of white bread in daily meals was identified as a big reason for high obesity rates that have earlier been reported in a study that was funded by the Bill and Melinda Gates foundation. The new research through Spain’s... More of this article »
Ballmer to Acquire Clippers for $2 Billion
Former CEO of Microsoft Steve Ballmer has reached an agreement to purchase the NBA Los Angeles Clippers for the price of $2 billion. Ballmer reached the agreement with Sterling Family Trust, said Shelly Sterling. It is still uncertain... More of this article »
China Clamping Down on Apps for Instant Messaging
China has started a crackdown of one month on illegal content making the rounds on local services offering instant messaging. The most recent crackdown was announced on Tuesday and comes following a terrorist attack in the Xinjiang... More of this article »
IBM Lab Mistake Creates New Lightweight Materials (NYSE:IBM)
Jeannette M. Garcia has worked as a research chemist at an IBM laboratory for years developing recyclable plastics that are stronger and better for the earth. On one of her days of mixing and heating chemicals, she left one step out... More of this article »
Sources: Samsung Will Launch Smart Watch with Phone
According to insider reports, Samsung Electronics the South Korea based electronics giant is currently developing a smart watch that will not have to be linked to a telephone to be used. That would in turn make the new device the only... More of this article »
Tiffany Tops Estimates Due to Higher Prices
Tiffany & Co. the second largest retail luxury jeweler in the world posted a profit for the first quarter that was higher than estimates from Wall Street analysts. The company also increased its forecast for 2014, as increases... More of this article »
Sears Continues To Report Financial Problems (NASDAQ: SHLD)
Analysts are expecting Sears to announce dismal fiscal first quarter results and possibly more store closings. In the past year, Sears has closed nearly 100 stores in the United States. John Kernan, an analyst with Cowen, said, “They... More of this article »
General Motors Inquiry Concentrates On Legal Team (NYSE:GM)
The legal department of General Motors has become a focus of a broad internal inquiry into how the company handled a vehicle safety issue linked to 13 deaths. The failure of ignition switches caused Chevrolet Cobalts and other cars... More of this article »
Study Gives Hint on How Heart Protected by Mediterranean Diet
Multiple studies have shown that a diet that is Mediterranean style, which is rich in nuts, vegetables, fruits and fish seems to lower the risk of contracting heart problems. Now a recent study involving mice hints at the reason why. The... More of this article »
Measles Virus Used in Treatment of Cancer
A hematologist from the Mayo Clinic says an experiment has had promising results. Cancer researchers said they were excited about someday treating cancer of the bone marrow by using the measles virus that seems a good match for the... More of this article »
Pinterest Raises Over $200 Million
Pinterest was able to raise new capital in the amount of $200 million the company announced on Thursday. The recent capital brings the valuation of the company up to over $5 billion, which makes it one of the most valuable startups... More of this article »
Profit At Airbus Exceeds Expectations (EPA: AIR)
Airbus Group, the European aerospace giant, reported a better-than-expected profit for the first quarter. Net profit for the three months to March 31 almost doubled to a reported 439 million euros, or $602 million, from €227 million... More of this article »
New Low-Cost Smartphone Revealed By BlackBerry (NASDAQ:BBRY)
BlackBerry unveiled a new smartphone model that it intends to release in emerging markets in Asia and South America. The new BlackBerry Z3 smartphone was produced by BlackBerry in partnership with the Foxconn Technology Group of Taiwan.... More of this article »
Sony Drops to Loss of $1.3 Billion
Sony Corp lost $1.3 billion during its fiscal year after being hit by the costs from selling is business of personal computers. The company is forecasting continued losses as it attempts to execute a turnaround that has now been long-promised. The... More of this article »
Valeant’s Bid to Takeover Allergan is Rejected
Allergan Inc has rejected the unsolicited takeover bid from Valeant Pharmaceuticals International, saying the bid had substantially undervalued the Botox wrinkle treatment maker. The offer, which puts a value $45.7 billion for Allergan... More of this article »
New Implantable Device Treats Blood Pressure
In Germany, researchers have successfully developed a device that is implantable and able to reduce the users’ blood pressure significantly via electrical signals it sends to the brain. The device contains 24 electrodes that are... More of this article »
Toyota Expects Stalled Profits
Toyota Motor Crop has warned that its earnings might fall during the current fiscal year as the tailwind that boosted exports that the company and other carmakers in Japan received from the sharp depreciation of the yen over the past... More of this article »
Comcast Seeks Acceptance Of Merger Despite Resistance From Netflix (NASDAQ:CMCSA)
Comcast has been working diligently to increase acceptance of its proposed merger with Time Warner Cable. The $45 billion merger would give Comcast control of 40 percent of the country’s Internet service coverage and 19 of the country’s... More of this article »
Office Depot to Close 400 Stores in U.S.
Office Depot announced plans to close 400 or more stores in the U.S., as the company’s merger with OfficeMax has resulted in retail locations overlapping that can now be consolidated. The financial results for the combined company... More of this article »
G.M. Hires Compensation Professional To Talk To Families With Claims (NYSE:GM)
General Motors has hired a compensation professional to help the company explore compensating victims of G.M. cars with a defective ignition switch. Kenneth R. Feinberg, an expert in victim compensation who has handled cases like the... More of this article »
Tech Firms Will Notify Users that Information is Subpoenaed
Microsoft Corp, Apple Inc and Google Inc have said they would notify their users whose information is request by the U.S. government. This move is pitting the private companies against officials in law enforcement from the federal... More of this article »
RBS Stock Surges Following Earnings Report
Royal Bank of Scotland stock jumped by over 10% after the lender, which is owned by the government, showed signs it still had great potential with a profit before taxes that was much better than was expected driven by a drop in charges... More of this article »
Drop In Oil Production Hurts Shell Profit (NYSE:RDS.A)
European oil giant Royal Dutch Shell announced a profit decline of 45 percent in the first quarter, compared with a year earlier, as a drop in the company’s production of oil hurt its profits. Shell reportedly earned $4.5 billion... More of this article »
Walmart Makes Deal To Sell Auto Insurance (NYSE:WMT)
Retail giant Walmart has announced a deal to partner with AutoInsurance.com to sell insurance policies to consumers. The partnership would allow customers to comparison shop for auto insurance on AutoInsurance.com’s website, comparing... More of this article »
Sportsbooks: Pacers on the Verge of Elimination
The Indiana Pacers were pushed to the brink of elimination on Monday night, when they lost to the Atlanta Hawks in Game 5 of their best of seven first round NBA Eastern Conference playoff series. Atlanta now leads the series 3-2. The... More of this article »