Latest US Business News
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General Motors shares above IPO price
Shares of General Motors reached an important milestone on Saturday, closing above their initial public offering price of US$33 for the first time in more than two years. GM shares reached US$33.77 before slipping back to close at US$33.42, up 3.2 per cent. The car giant sold shares to the public for US$33 in a November 2010 IPO, but they have traded below that price since May ...
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Chinas Alibaba Is Soaring But Avoid The IPO
Profits of Alibaba Group, the world's biggest online retailer, more than doubled in the three months ended in December, jumping to $642.2 million from $236.9 million a year ...
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ZenoRadio Is a Poor Mans Pandora
"We have an interesting platform that targets thousands of immigrants in the U.S.," said Baruch Herzfeld, ZenoRadio's founder. "ZenoRadio assigns U.S. phone numbers to popular ethnic radio stations from around the world. U.S. listeners do not need a smartphone to listen and the call is absolutely free." ...
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Cable Feels Heat as TV Migrates Online
It's a long time coming, but television content is showing up on non-TV screens like never before, and people are willing to pay for it. Whatever will become of cable? For one, experts say, cable companies may finally be forced to kill their sacred cash cow: bundled channels. The battle lines are drawn. There's Aereo, which takes the old-fashioned TV signal from the air and delivers it ...
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U.S. stocks on a roll Yahoo Microsoft stoke appetite
) is holding an event in New York City on Monday evening, at which many are speculating the company could announce a deal with the social blogging platform Tumblr. Reports surfaced last week that Yahoo CEO Marissa Mayer is said to ...
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Yahoo board OKs $1.1B purchase of Tumblr report
Yahoo CEO Marissa Mayer is rumored to be planning a Monday announcement, possibly of Yahoo's purchase of Tumblr for a reported $1.1 ...
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Yahoo and AOL Back On Top Time To Party Like Its 1999
IPO and other major tech stocks. It is worth noting, of course, the source line for the chart: Yahoo! Finance. Possible self-interest in data reporting aside, it's clear that Yahoo!'s stock has posted the largest and most consistant growth compared not only to Facebook, but ...
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Obamas EPA Makes A Rad Decision
Gina McCarthy, President Barack Obama's nominee to head the EPA, was instrumental in the revision of the Protective Action Guide Manual for responding to radiological events. Photo credit: Mandel/Ngan/AFP Getty Images. The Obama Administration made a bold and correct scientific decision last month to allow risk-based decisions to guide responses to radiological events like a dirty bomb ...
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Marketplace Fairness Act Burdens Businesses with State Compliance Audits
Marketplace Fairness Act (MFA) to force companies in other states to collect the tax. Few individuals comply with the use tax, and where everyone is guilty, no one is guilty. The government does not have our interests at heart in the changes proposed in the MFA. Government has its own interests at heart. And the government's interests are to use private individuals subordinate to state ...
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BioShock Infinite Gets a Steep Discount Today Only
Deal of the Day toda y, allowing players who balked at the game's $60 price tag a chance to see what all the fuss was about. Console copies for PS3 and the Xbox 360 are on sale for $39.99, which a PC box copy or digital download is only $34.99. Keep in mind, this sale is for today only, so you might want to act fast. Is it worth it? Well, I heartily endorsed the rather brilliant game as a ...
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Why the Fed May Taper QE3 Early
Federal Reserve Chairman Ben Bernanke speaks to guests at a banking conference hosted by the Federal Reserve Bank of Chicago on May 10, 2013 in Chicago, ...
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Dimon making case to keep both J.P. Morgan jobs
Jamie Dimon faces another attempt at Tuesday's shareholder meeting to split his duties as chairman and chief executive of J.P. Morgan Chase & ...
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Digital Health For Dummies
A day doesn't go by when I'm asked about digital health. What surprises me most about the perceptions around digital health are the misperceptions. From sophisticated marketers to to the average joe on the street, people just don't get it. And that's not really their fault. The voices of digital health MUST communicated the promise in a way that is relevant and convincing to ...
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Ted Nelson Says That Bitcons Satoshi Nakamoto Is Shinichi Mochizuki
The computer visionary claims to have worked out who is the real person behind the pseudonym of Satoshi Nakamoto. Nakamoto of course being the name behind the original plans and code for Bitcoin. It's an, umm, how to put this politely, an ambitious claim to be sure. For Nelson doesn't actually provide any evidence: only says that it could be true. And it's something of a leap to ...
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Chinese Fall For Over-The-Top American Weddings
Two things can be said about the wealthy Chinese these days. It seems they no longer know what to do with their money. If they're not buying up empty apartment buildings, they're buying Ferrettis and dining with the Prince of Monaco. Another thing...they are in love with U.S. brands and Made for TV U.S. lifestyles. If they're not buying up LA and Orange County Barbie Dream ...
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Everything You Hear About the Feds Exit Strategy Is Wrong
. That's firstly why QE has been so hazardous for the economy. The dollar was already weak such that limited capital since 2001 has been migrating toward inflation hedges representing existing wealth like housing, commodities, and art. QE's imposition has simply been gasoline poured on the already blazing inflationary fire. Just when the economy needed a stronger, more stable dollar ...
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Rate your AV receivers autosetup program
I've had a run of bad luck with some of the latest AV receivers' autosetup programs; they set the subwoofer volume way too loud, or misidentified the "sizes" of the speakers (one receiver tagged our ...
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Angelina Jolie Proves Medical Care Saves Lives -- If You Can Get It
Actress Angelina Jolie attends the Women in the World Summit 2013 on April 4, 2013 in New York, United States. (Image credit: Getty Images via @daylife) By Eric G. Bing & Marc J. Epstein Angelina Jolie's recent decision to have a prophylactic double mastectomy has helped reduce her risk of getting breast cancer from 87% to 5%. Her courage to speak openly about the treatment has ...
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Benghazi Crossfire Can White House And State Dept. Dodge Their Own Bullet Talking Points
White House Press Secretary Jay Carney answers questions during a press briefing at the White House May 10, 2013 in Washington, DC. Carney fielded questions primarily on recently disclosed information relating to the attack on the U.S. consulate in Benghazi. (Image credit: Getty Images via @daylife) Is all of this Benghazi scandal stuff just a political Republican "witch-hunt" to ...
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Why Enterprise Is Avoiding Windows 8
shipping more than 100 million Windows 8 licenses, Redmond's newest operating system is not making much headway in the enterprise world, with IT decision makers deciding to give it the cold shoulder. So, what's holding Windows 8 back? Forrester Research analyst David Johnson believes that the problem lies with the fact that Microsoft's newest operating system doesn't bring ...
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Where The iPhone 5 Still Bests The Samsung S4
research it is based on suggests something else - that Samsung are making elementary mistakes in their innovation strategy. That's a big story for the world's leading phone maker, if it rings true. Where might the Samsung deficit and the Apple advantage lie? Samsung have invested heavily in developments like display and processors but according to html5 specialists, Sencha, they have ...
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Samsung Debuts The New Galaxy S IV
People interact with the Samsung Galaxy S IV, March 14, 2013 in New York City. Samsung, the world's largest handset maker, revealed their successor to the Galaxy S III. The Galaxy S IV features a five-inch 1080p screen, a 1.9GHz quad-core processor, a 13-megapixel rear camera and ships with the latest Android version, Jelly ...
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One Year After The IPO Is Facebook Already A New Economy Dog
's initial public offering, a retrospective might be in order. A year ago I was so skeptical of all the ballyhoo that I offered readers two rather more conventional stocks which I suggested had better stock appreciation prospects. I am pleased to ...
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Aston Martin Shows New Design Direction With CC100 Speedster Concept
Click for full photo gallery: In Pictures: Aston Martin CC100 Speedster Concept Aston Martin has splurged on a present for itself as the company celebrates its 100th birthday this year. The British automaker has built a special one-off car called the CC100 Speedster Concept, whose styling pays homage to the legendary Aston Martin DBR1 race car from the 1950s, while also giving an idea of what ...
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General Motors Celebrates 10th Anniversary of Middle East Parts Distribution Center
Dubai, May 19. (BNA) -- General Motors has passed a major milestone with the 10th anniversary of its Middle East Parts Distribution Center (MEDC) located in the Jebel Ali Free Zone in Dubai. The MEDC was initially leased from DHL, when it first opened in 2003. The center stocks and supplies GM service parts for its lineup of vehicles sold under the Chevrolet, Cadillac and GMC brands. It ...
Rhode Island Featured
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Rhode Island offshore wind farm contraversey
There is division in the ranks over a wind farm planned for construction off Block Island, while officials in the state government have accused future surveys for potential new sites of lacking in scope.
Deepwater Wind is becoming a controversial name in Rhode Island over plans to build an off shore wind farm just off the coast of Rhode Island. While not as controversial as Deepwater Horizon, the BP oil rig that caused the mess in the Gulf of Mexico, the renewable energy plans of Deepwater Wind are certainly raising some hackles. Read more
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