Latest US Business News
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MarketWatch First Take How Bernanke blew it
See video of Bernanke's appearance Coordinated with his colleagues or not, Bernanke stuck to the message in his prepared text Wednesday -- saying that a premature exit risks not just hurting the stock market (Dudley's message Tuesday), it even risks the entire recovery! "A premature tightening of monetary policy could lead interest rates to rise temporarily but would also ...
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NewsWatch 8 ways to spot counterfeit money
Most of the counterfeit notes that change hands are computer-generated, making them easily distinguishable from real bills. But people and businesses who get stuck with counterfeit bills often don't know until they try to deposit them into a bank. Here are eight ways to spot counterfeit ...
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Fitch U.S. Banks Unrealized Gains Point to Possible Rate Shock
Fitch: Recession Concern Dampens European Investor Sentiment An increasing number of investors expect fundamental credit conditions will deteriorate across sectors, according to a Fitch Ratings investor survey. The more circumspect sentiment was most notable for the sovereign segment, where the proportion of survey respondents anticipating worsening conditions more than doubled to 55%, from 24% ...
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Engineer crafts induction-powered LED ring for love
(Credit: Ben Kokes/Enfinicorp) Engineer Ben Kokes is a lot of things. He's an outdoor enthusiast. He's a Bronco mechanic. He's a tinkerer who builds electronic gadgets for fun. He's also in love. I'll let him tell his story in his own words: "Once upon a time, a boy met a girl. Then a short amount of time later, the boy decided to design and build a ring for ...
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Zite update aims to better highlight stories publications
(Credit: Zite) Zite, the personal news aggregator, released a new version Wednesday that aims to help people discover more stories relevant to them, while better highlighting publishers. With version 2.3, which is now available on iOS devices, the ...
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Penguin settles state e-book pricing suits for $75M
(Credit: Jonathan Skillings/CNET) Penguin has agreed to pay $75 million to settle e-book pricing lawsuits filed by many states and private class plaintiffs, bringing an end to the long-running complaints in the U.S. The settlement would resolve claims filed by 33 state attorneys general against Penguin, as well as class-action lawsuits filed by consumers who alleged the company's ...
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GM exec Apps coming to select cars later this year
(Credit: Roger Cheng/CNET) LAS VEGAS -- General Motors is eager to get its slice of the app pie. Mary Chan, head of the global connected consumer unit for GM, told CNET that apps would come to ...
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Cricket Wireless guns for Verizon ATT customers
Cricket's Half Is More campaign sets crosshairs on AT&T and Verizon. LAS VEGAS -- In an aggressive move for Cricket Wireless, the prepaid carrier has launched an advertising campaign urging Verizon and AT&T customers to switch over from their costly on-contact plans to Cricket's more affordable rates. Named "Half Is More," the initiative will fan out online, in ...
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Samsung buys 10 percent stake in Pantech for $48 million
(Credit: Pantech) Samsung has inked a deal with fellow Korean phone maker Pantech for an equity stake in the company. In a statement on Wednesday, Samsung confirmed an ...
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Microsofts Xbox One Is Its Own Second Screen
Microsoft hopes the new Xbox One-its first console in eight years-will become a hub for entertainment. In addition to live TV, the device will offer exclusive media content, including a live-action Halo video series produced by Steven ...
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World Bank Insider Blows Whistle on Corruption Federal Reserve
A former insider at the World Bank, ex-Senior Counsel Karen Hudes, says the global financial system is dominated by a small group of corrupt, power-hungry figures centered around the privately owned U.S. Federal Reserve. The network has seized control of the media to cover up its crimes, too, she explained. In an interview ...
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How The AP and Equilar calculate CEO pay
For its annual survey of CEO pay, The Associated Press uses data provided by Equilar, an executive pay research firm.This year, Equilar examined the regulatory filings detailing the pay of 323 CEOs. Equilar looked at S&P 500 companies that had filed statements with federal regulators between Jan. 1 and April 30. To avoid the distortions caused by sign-on bonuses, the sample includes only ...
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Financial Stocks J.P. Morgan leads financial stocks higher
Gupta was convicted of fraud and passing on insider secrets about Goldman Sachs to now felon Raj Rajaratnam. Rajaratnam is serving 11 years in prison for gaining insider tips for financial ...
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Microsoft Stops Predicting AV Samples to Focus on Ecosystem
Cloud Security Readiness Tool Results Show Overwhelming Lack of Maturity Since its launch in October 2012, 5,700 people have used the Microsoft Cloud Security Readiness Tool (CSRT). The tool asks 27 questions regarding the current state of an organisation's security posture and cloud readiness. The results have been anonymised and analysed, and the overarching conclusion is that most ...
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Meet New Ashoka Fellow Cindy Kaplan
Susan Sygall . Every day this week, we'll publish a new Fellow profile and an accompanying video so you can get to know them and discover their ...
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Only Answer Really Small Government
For daring to investigate the forebearer of the IRS in 1925, Senator James Couzens (R-Mich.) was publicly hit with a demand for back taxes. The feds not only lost the case but had to give him a hefty refund. The appalling revelations about the abusive behavior of the IRS underscore the wisdom of our Founding Fathers, who recognized that human nature is unchanging and that government is ...
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IRS Hiring Freeze Impose It Now
The Administration should immediately halt any more hiring of agents at the IRS. If the White House won't do it, Congress should and override the President's veto. Under ObamaCare our tax-collecting "service" is set to bring on more agents and has already signed on a couple of thousand. The idea that this agency will play a central role in enforcing ObamaCare should send ...
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Skyhigh Networks Raises $20M Series B To Find Manage Cloud Services
Skyhigh Networks, which has raised $20 million in Series B financing led by Sequoia Capital, with participation from existing investor Greylock Partners. Aaref Hilaly, partner at Sequoia, is joining the company's board. Skyhigh Networks helps companies discover which cloud services their employees are using. In many cases this number is shockingly high, posing security, legal and other ...
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Updating Your Will A Small Step That Goes A Long Way
Changes to your family or loved ones, such as the birth of grandchildren, a divorce or a marriage, and the coming of age of children. Updating the beneficiaries of your will helps ensure that your possessions will be properly allocated to your loved ...
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Indian Tractor Tycoon Anand Mahindra Becomes Billionaire As Shares Jump
flagship of the $15.9 billion (revenues) Mahindra Group whose interests range from tractors and SUVs to aircraft and information technology, have been on a tear lately. This week the stock hit an all-time high on the Bombay Stock Exchange on news of a turnaround at its Korean subsidiary SsangYong Motor Co. Analysts are predicting that the carmaker will return to profit this year on the back of ...
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Can Data Storage Ever Reach An Absolute Limit
So what does that translate to? Well, the E is actually mass-energy. But assuming your storage device is a spherical thing that has mass, the number of bits you can store is around (2.57*10^43)*(mass of your storage device in kg)*(radius of your storage device in ...
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Health Costs For Family Of Four Higher Than Year Of Groceries
Health costs now surpass groceries in annual expenses for a family of four, a new report by Milliman Inc. says. (Image credit: Getty Images via @daylife) The cost of medical care "now exceeds the cost of groceries" for the typical American family with health insurance coverage through their ...
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HP And The Stone-Throwers
David Einhorn about its dividend policy. So why haven't the stone-throwers come after Hewlett-Packard? The answer: Meg Whitman and HP's Chief Financial Officer Cathie Lesjak struck a quick truce in November 2011 when activist investor Ralph Whitworth of Relational Investors proposed that he join the HP board. His agenda called for a more careful approach to capital spending, and the ...
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The Super Sad Saga Of Sergio Garcia
was asked if he would be having Woods over for dinner at the upcoming U.S. Open. "We'll be having him 'round every night," he responded. "And serving him fried chicken." To the uninitiated, this is a stereotype about the dining preferences of African Americans. It is also a stereotype that is now incredibly dated. (And who knows? Maybe, like me, Woods actually ...
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Home sales continue to climb
The National Association of Realtors reported home sales edged up 0.6% to an annual pace of just under 5 million homes. Compared to a year ago, the pace of sales was up nearly ...
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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