Home » Headlines
Colombia Increases Bank Key Rate Unexpectedly
The central bank of Colombia unexpectedly increased its benchmark rate of interest for just the first time in over three years amidst new signs the economy is rebounding with a surge in worries over inflation. The board at the bank... More of this article »
General Motors Waves Goodbye to Much of its Profit
General Motors costs for its recall have exceeded $1.3 billion and wiped out much of its quarterly profits. The U.S. automaker announced on Thursday that the recall expenses were much higher than originally anticipated. The cost of... More of this article »
Novartis, GlaxoSmitheKline and Eli Lilly Announce Deals
Novartis will be focusing more going forward on cancer. GlaxoSmithKline will be focused on vaccines, while Eli Lilly will be looking at animal health as the three drug makers announced on Tuesday deals that could total more than $28.5... More of this article »
Chobani Moving Beyond Just Greek Yogurt
Chobani plans on expanding behind just its Greek yogurt cups that have become so popular. The expansion this summer is due to the increasing amount of competition in the quick growing category. Beginning in July, the yogurt company... More of this article »
IBM Reports Drop In Revenue And Profit
In the first quarter, IBM reported that its profit fell and its revenue declined for the eighth consecutive quarter. Revenue for the quarter was $22.5 billion, below the average estimate of Wall Street analysts of $22.9 billion. This... More of this article »
Google Fails To Meet Expectations In First Quarter
In the first quarter, Google reported earnings and revenue that were well short of analysts’ expectations. Earnings per share missed by 12 cents and revenue came in $100 million short of what was expected. For the quarter that ended... More of this article »
Shipments of Xbox One Surpass Five Million
The next-generation Xbox console sold over 311,000 units across the United States in March, outpacing the Xbox 360 in the same period. On Thursday, Microsoft announced that over 5 million Xbox One consoles were shipped since the November... More of this article »
Yahoo Revenue and Earnings Beat the Street
Yahoo announced its revenue and earnings for the latest quarter that beat Wall Street analysts’ estimates. Shares of Yahoo were up over 9% in trading afterhours on Tuesday, as of the close of business on Monday, the stock had fallen... More of this article »
Bubba Watson Wins Second Green Jacket
Bubba Watson celebrated his win on the 18th green at the Masters on Sunday by high fiving the patrons at the Augusta National Country Club. The kind of celebration of a win that is so Bubba-like would have been relished by many two... More of this article »
Credit Card Practices Earn Bank of America $772 Million Penalty (NYSE:BAC)
Federal regulators ordered Bank of America to pay roughly $772 million in refunds and fines to settle charges of using deceptive marketing and billing practices involving credit card products sold by the bank. The misleading practices... More of this article »
Hepatitis C New Treatment Could by Huge Breakthrough
A new drug treatment used to fight Hepatitis C has cured more than 90% of patients inflicted with the infection in just 12 weeks, said scientists. The recent study marked a major breakthrough said experts and marked a big turning point... More of this article »
Comcast Says Proposed Merger With Time Warner Cable Wouldn’t Stifle Competition (NASDAQ:CMCSA)
The announced merger between Comcast and Time Warner has been met with skepticism and fears that competition in the industries they serve would be substantially reduced. An array of consumer-advocacy groups, members of Congress and... More of this article »
California City Says Sriracha Sauce is Public Nuisance
Wednesday night a city in Southern California declared that the factory producing the hot sauce called Sriracha a public nuisance. The city gave the operators of the factory 90 days to make the necessary changes that will stop the... More of this article »
UConn defeats Kentucky for the National Championship
Shabazz Napier ended his collegiate basketball career with 22 points and the Most Outstanding Player award in the Final Four. The senior guard for the Connecticut Huskies helped his team defeat the Kentucky Wildcats 60-54 to win the... More of this article »
Fire TV Unveiled By Amazon (NASDAQ:AMZN)
Amazon has begun selling a device that allows consumers to watch Amazon’s extensive video library as well as play a wide array of games on their television sets. At a Manhattan news conference held to announce the device, Peter Larsen,... More of this article »
General Motors Announces Recruitment Of Crisis Experts (NYSE:GM)
G.M. chief executive Mary T. Barra was visibly shaken at the end of the second bruising day of testimony on General Motors’ ignition switch recall. Surrounded by a cadre of company officials, Ms. Barra was hustled out the door and... More of this article »
Password Flaw on Xbox Exposed by Child
A San Diego, California five-year old boy has discovered a password flaw in the new Xbox. Kristoffer Von Hassel was given a mention in the security acknowledgements by Microsoft for March after he discovered a security glitch later... More of this article »
Government Agency from U.S. Built Social Media in Cuba
The United States, in what appears to be a throwback to the campaigns of the Cold War of espionage, disinformation and disruption spent more than $1.6 billion to build a network of social media with the goal of undermining the Castro... More of this article »
Facebook Executives Enjoy Huge Payday
Executives at Facebook received huge paydays for their 2013 efforts, even though the pay packages were not as lucrative as they had been the previous year in 2012. On Monday, in a Facebook regulatory filing the company said three top... More of this article »
FDA Approves First Hemophilia B Drug
Biogen Idec has announced that the U.S. Food and Drug Administration approved ALPROLIX, the company’s drug for treating hemophilia B. Hemophilia B is a rare, genetic and chronic condition in which the clotting process in a person’s... More of this article »
BlackBerry Turns Its Sights On Security Products (NASDAQ:BBRY)
John S. Chen, president and chief executive of BlackBerry, is turning his attention to a future in which the troubled company’s once-popular smartphones will play a much less important role. BlackBerry’s focus will shift toward... More of this article »
Walmart Sues Visa
Walmart Stores Inc sued Visa Inc for over $5 billion claiming it was charged by the card network unreasonably high fees when its customers paid by credit or debit card. Visa as well as other card networks charge retailers fees each... More of this article »
Pope Francis and President Obama Meet
On Thursday, Pope Francis and the Barack Obama the President of the United States had their first meeting that offered an opportunity to reset some things between the Catholic leadership and the White House administration following... More of this article »
Inquiry Into Microsoft Software Leak Raises Questions About Privacy Protections (NASDAQ:MSFT)
For months, the big technology companies have denied knowing anything about the government spying on people who use their Internet services. However, a recently filed legal case has highlighted the amount of power these companies have... More of this article »
Fox and News Corp Name New Co-Chairman
On Wednesday, News Corp announced that Lachlan Murdoch was named a nonexecutive co-chairman of both News Corp and Fox. The appointments mark the reemergence of the son of Rupert Murdoch as a big force at the companies just nine years... More of this article »
Ebola Scientist Frustrated by Deadly Outbreak in Guinea
Peter Piot was newly qualified to work in a microbiology lab in the Belgium city of Antwerp at 27 years of age when he was given human blood in a flask. The blood had been contaminated with an unknown pathogen that was killing people... More of this article »
Icahn Receives Three Additional Board Seats at Herbalife
Herbalife Ltd, the weight-loss and nutritional company said it has agreed to give three additional seats to representatives of Carl Icahn the billionaire investor on its board of directors, which sent shares soaring in the company... More of this article »
Microsoft’s Xbox One Price Reduced Again (NASDAQ:MSFT)
A bundle of Microsoft’s Xbox One and Titanfall, a high-profile science fiction shooter game, is being offered at Walmart and Best Buy for $450. This is a $50 price cut from the combined price of the separate items. Consumers may... More of this article »
IRS Scam Crossing the Nation
People claiming to be agents from the Internal Revenue Service are calling people across the U.S. telling the people $5,000 is owed by them to the IRS. They caller tell the people they must pay right away or they will be arrested. The... More of this article »
JPMorgan Commodities Unit To Be Sold For $3.5 Billion (NYSE:JPM)
JPMorgan Chase has agreed to sell its physical commodities trading unit to Swiss trading firm Mercuria Energy Group for $3.5 billion in cash. Buying the JPMorgan business will give the Swiss firm to physical oil and gas assets across... More of this article »
Major League Baseball Opens Season in Australia
The regular season for Major League Baseball opened down under when the Los Angeles Dodgers played the Arizona Diamondbacks. Opening the season in Australia had little effect on a near certainty in baseball: Clayton Kershaw’s pitching... More of this article »
Earnings Fall 18% at Darden Restaurants
Darden’s Restaurants Inc reported that earnings for their fiscal third quarter fell by 18% as the operator of casual dining restaurants Red Lobster and Olive Garden amongst others continued to experience poor performance from the... More of this article »
$1.2 Billion Settlement Reached In Toyota Inquiry (NYSE:TM)
A deal has been reached between Toyota and the Justice Department for $1.2 billion to settle a four-year criminal investigation into whether the company misled investigators and the public about a sudden-acceleration defect. The reported... More of this article »
Icahn’s Battle with eBay has New Twist
Carl Icahn has changed his opinion in his scorched earth campaign against eBay, the e-commerce giant. The activist investor who is worth billions now wants eBay to have an initial public offering that equals 20% of the PayPal payments... More of this article »
Study Will Test Pills Made of Chocolate
It will not be as enjoyable as eating entire candy bars, but a large study will be launched to determine if pills that contain nutrients in dark chocolate are able to help to prevent strokes and heart attacks. The pills will be packed... More of this article »
Two Die in Helicopter Crash in Seattle
Authorities said that at least two and possibly more people were killed when a helicopter for a local news channel crashed on Tuesday in Seattle’s downtown area. The crash set cars near the scene on fire in an area popular with tourists... More of this article »
EU Meeting Over Sanctions Against Russia
The foreign ministers of the European Union gathered on Monday in Brussels to talk about possible sanctions against Russia that could be released later in the day. Western nations want to strike back at Russia for its meddling in the... More of this article »
Los Angeles City Attorney Suing Time Warner Cable
On Friday, the LA City Attorney told reporters the city was filing a lawsuit against Time Warner Cable in federal court. The LA attorney, Mike Feuer claims the largest provider of pay TV in the region stiffed the city out of $10 billion... More of this article »
Chris Brown in Jail After Tossed from Rehab
The question is how badly must someone behave to be tossed from a rehab center that is geared towards those with anger management issues. Chris Brown the R&B singer could probably tell you, but on second thought, it might be better... More of this article »
Stem Cell Researchers from Japan Withdraw Research
The scientists from Japan behind the potentially revolutionary new stem cell technique are preparing a retraction of their widely hailed paper on producing stem cells after they confirmed the research had inappropriate points including... More of this article »
SeaWorld’s Earnings Beat Expectations (NYSE:SEAS)
Even though SeaWorld has been embroiled in controversy since the documentary “Blackfish” was released, the company still managed to beat analysts’ expectations for its fourth quarter results. SeaWorld reported a loss of 13 cents... More of this article »
Former Boss of Shell Had Pay Halved
The pay for Peter Voser the former CEO of Royal Dutch Shell was halved last year to $11.24 million following what Shell described as a performance that was disappointing. However, the 2013 remuneration of Voser’s was higher than... More of this article »
Geron Nosedives as FDA Stops Blood Disorder Drug Development
Biotechnology company Geron Corp, which has no products marketed to date, plummeted after the U.S. Food and Drug Administration halted the development of the company’s only experimental drug for blood disorders imetelstat, due to... More of this article »
Dicks Revenue in Fourth Quarter Tops Wall Street
On Tuesday, Dick’s Sporting Goods announced that its net income for the fourth quarter increased 7% thanks to strong sales during the holiday season shopping period. Revenue was up 8%, which topped expectations of analysts. In Tuesday’s... More of this article »
What is the Deep Web?
What people commonly refer to as the Web is just scratching the surface. Beneath that is a huge, for the most part unchartered, ocean known as the Deep Web. The Deep Web’s size is not easy to calculate. However, researchers in universities... More of this article »
Pfizer Recalls Effexor Due to Mistake
Late last week, Pfizer announced it was recalling Effexor XR its antidepressant as well as another lot of a drug that is its generic version. The announcement followed the discovery by a pharmacist that found a bottle of Effexor contained... More of this article »
Canadian Job Figures Drag Down Dollar
The Canadian dollar was down sharply on Friday amidst a miss of expectations for job creation in Canada last month. The dollar dropped 0.81 of one cent to end the day at 90.17 cents U.S. as it was reported that the Canadian economy... More of this article »
Lakers Experience Worst Loss in History of Franchise
The Los Angeles Lakers were trailing the Los Angeles Clippers by just two points at the end of the first quarter Thursday night following a run of 7-2. However, the “other team” in LA decided playtime had ended. What followed was... More of this article »