Home » Archive for March, 2013
US Wants Stricter Supervision of Student Loan Companies
The Consumer Financial Protection Bureau wants stricter supervision of companies that collect student loan payments. The bureau proposed the supervision of the activities of nonbank student loan firms. It said that the inquiry is needed... More of this article »
BP Files Appeal against Fake Oil Spill Claims
BP filed an appeal against the fictitious oil spill compensation claims Friday. The company asked a judge to stop the compensation payouts to those made on the basis of business economic loss. BP gave examples of businesses in industries... More of this article »
Swiss Bicyclist Raped While Traveling Through India
Police have announced that a Swiss tourist who was bicycling through India with her husband, was gang raped by between five to seven men. The announcement was another black eye for India over violence in general and especially against... More of this article »
Jobless Claims Drop for Third Week in a Row
The number of Americans who filed for new claims for jobless benefits fell for a third week in a row last week. This was the latest sign that the labor market was improving. The cost of gasoline went up and resulted to the increase... More of this article »
Consumer Sentiment Hits Low of 14-month Low
In the first part of March, consumer sentiment plunged to its lowest point since December of 2011. Experts believe the consumers dissatisfaction with the economic policies of the government and fewer people expect improvements to be... More of this article »
Icahn Brings Back Activism in Dell Campaign
Shareholder activism is the bailiwick of several exclusive hedge funds and other institutions that are invested in specific positions that includes Bill Ackman, Carl Icahn, Nelson Peltz, and David Einhorn. There is a resurgence of... More of this article »
Postpartum Depression Experienced by 14% of Moms
It has been well documented that some women, after having a child, suffer from depression. However, what was less known until now is how many women suffer from postpartum depression. A study that was the largest of its kind to date... More of this article »
I.B.M. Expands Options For Watson (NYSE:IBM)
I.B.M. is taking steps to expand artificial intelligence into something that is useful in the commercial sense through Watson. The new Watson projects will encompass elements of commercialization, research initiatives and other technologies... More of this article »
Abnormal Rhythm of Heart Could be Caused by Antibiotic
An antibiotic that has become very popular and used to help treat a number of different infections might cause a heart rhythm problem that could be potentially fatal in some patients. The antibiotic is often prescribed for use in infections... More of this article »
Judge Overturns Sugary Drink Ban in NYC
A judge made an 11th hour decision on Monday that struck down New York City Mayor Michael Bloomberg’s legislation to rid the city of super-sized sugary beverages on the eve before the legislation was set to start. The soda ban as... More of this article »
US Companies Optimistic about ASEAN Region
US firms have taken interest in the ASEAN region as an investment destination. Matt Bradley, president of the American Chamber of Commerce in Thailand, said that the ASEAN Economic Community has brightened the prospects of investing... More of this article »
Barnes & Noble Rethinks Nook’s Future
Barnes & Noble warned that its third quarter results will be lower than the previous year, partly due to losses in the Nook Media division. The company has not been successful investing in digital media over the last few years.... More of this article »
AT&T’s Internet For Everything Plans (NYSE:T)
AT&T wants their customers to be able to connect everything to their wireless networks. The company plans to allow devices other than smartphones and tablets to connect to their network. Everything from cars, home security systems,... More of this article »
African Dwarf Frogs Carry Salmonella
A notorious carrier of salmonella is raw meat. Salmonella can be found on kitchen counters left unclean in homes and restaurants around the nation. Nevertheless, a new report published last week suggests people need to look out for... More of this article »
Identity Thieves Work Hard as Income Tax Returns Filing Deadline Nears
April 15 is the deadline of the filing for 2012 federal income tax returns and it is not just taxpayers and preparers who are trying to beat it. Also working hard are the identity thieves who file fake returns using their victims’... More of this article »
Smartphone Market in U.S. led by Apple
Apple is on the way up in the U.S., while Blackberry, Windows and Samsung are headed down. Apple led the way for smartphone sales in the U.S. during a three-month period from November of last year through the end of January of this... More of this article »
KKR Agrees to Buy Gardner Denver for $3.7 Billion
KKR & Co., a private equity company run by Henry Kravis and George Roberts, agreed to purchase industrial equipment manufacturer Gardner Denver for around $3.7 billion after it increased its offer. KKR will pay $76 per share for... More of this article »
Death Sentences Confirmed by Egyptian Court
A court in Cairo confirmed on Saturday the death sentences for 21 defendants who took part in a huge, deadly riot at a soccer stadium in 2012 that killed over 70 people in the city of Port Said. Also sentenced was Maj. General Essam... More of this article »
Earnings And Sales Continue To Fall At Dell (NASDAQ:DELL)
Dell has reported another disappointing quarter for sales and profits. These reports have shone light on a continuous downturn that has significantly affected shareholders. The company has struggled to stay profitable with shifts to... More of this article »
Moore Asking Court for Alimony from Kutcher
Hollywood actress Demi Moore filed a set of divorce papers Thursday in a courtroom in Los Angeles. Her divorce papers seek alimony payment from her estranged husband, actor Ashton Kutcher. The actor is starring in Two and a Half Men,... More of this article »
Benchmark Rates Maintained by ECB
The ECB left its interest rates unchanged as it tries to gauge how much of a threat Italy is to the region’s economic recovery. In Frankfurt, policy makers met on Thursday and maintained the benchmark rate of 0.75%, a record low.... More of this article »
Carmakers in Europe to feel the Pinch for Years
Sales of new cars in Europe will remain weak for up to another 60 months at minimum said executives in the industry on Tuesday. The auto executives said due to the implementation of austerity programs in the region car buyers would... More of this article »
Celebrities’ Favorite Cars
It’s no secret that celebs absolutely love their wheels. From Jay Leno to Taylor Lautner, every Hollywood icon has a super cool, super-expensive vehicle that they adore to death. With Lamborghinis, Ferraris, Rolls Royces and Bentleys,... More of this article »
How to Hire a Courier
It can be difficult to entrust important and valuable belongings with strangers, and if you have ever had the need, you know it can be a daunting task to try to find a reliable and economical courier service. With a busy schedule,... More of this article »
US Companies Feel the Pressure in China
Sales and profitability are difficult to come by for US companies in China as they face increasing competition from foreign and domestic firms. This is according to a survey made by the American Chamber of Commerce in Shanghai. The... More of this article »
Doctors: Two-year old Cured of HIV
On Sunday, doctors announced that a 2-year old girl had only trace amounts of HIV left in her bloodstream. Doctors said the girl’s immune system had been able to keep the virus from advancing without the use of any medication and... More of this article »
Judges Refuses to Dismiss Lohan Charges
A judge in Los Angeles on Friday refused to dismiss charges of obstruction and reckless driving against actress Lindsay Lohan. The judge ruled that Lohan had to face trial later in March over the car accident she had during June of... More of this article »
US Unemployment Benefit Applications Drop Last Week
The number of Americans who applied for jobless benefits dropped 22,000 last week to a seasonally adjusted 344,000. It is an indicator that the job market improved. The four week average of unemployment benefits declined 6,750 to 355,000... More of this article »
College Basketball Teams to Watch during March Madness
March Madness is the time of year that college basketball fans highly anticipate all season as they cheer on their favorite teams. March Madness is in its 75th year and this year’s tournament, like every year before it, is driving... More of this article »