Kevin Systrom unveils Direct: "a simple way to send photos and videos to your friends." Today in New York City, Instagram unveiled Direct, a new product which cofounder Kevin Systrom calls a "a simple way to send photos and videos to...Show More Summary
A judge in South Korea’s Seoul Central District Court dealt another blow to Samsung on Thursday, dismissing a lawsuit that claimed Apple had infringed on Samsung mobile patents. Samsung had been seeking 100 million won (just over $95,000) in damages …
Following weeks of sometimes violent protests, reports suggest that Ukrainian President Viktor Yanukovych will reverse his U-turn on a trade deal with the European Union. CNBC just now reported that Ukraine says it will sign an E.U.Show More Summary
Faster economic growth is just around the corner. At least that’s what economists from such august institutions Goldman Sachs Group Inc., Deutsche Bank and Morgan Stanley would have you believe. According to Bloomberg News these economists...Show More Summary
You’ve probably heard about the fast food workers’ strike, and you’ve probably heard people bitching at fast food workers to “get a real job” or just “get another job.” Whatever you think of the wage argument–and there are valid points...Show More Summary
Russian President Vladimir Putin conceded for the first time that Russia's economic problems were home-grown. ||| Moscow - President Vladimir Putin conceded for the first time on Thursday that Russia's economic problems were home-grown but vowed not to abandon the spending promises he made on returning to the Kremlin last year. Show More Summary
Jamie Dimon and Goldman Sachs had difficult years, but for some on Wall Street 2013 was a year to remember.
Since the bank that decides what happens at the NY Fed, and by implication, at the broader Federal Reserve system, is none other than Goldman Sachs, it would be informative to read what none other than Goldman thinks of Ben Bernanke's...Show More Summary
I know and admire the wisdom of Stanley Fischer, apparently to be appointed Vice Chairman of the Federal Reserve Bank. Fischer will add a serious complement of experience to maintain stability of the nation’s monetary policy as he understands only too well the absolute requirement of avoiding another meltdown. This appointment will strengthen the positive [...]
General Motors is now entering a new era as the U.S. Treasury has officially closed its ownership stake in the once-troubled automaker. Here's one trait that General Motors now possess that will keep it from another bankruptcy.
By The Value Investor: Investors in JDS Uniphase (JDSU) reacted with caution to the news that the company acquired Network Instruments at a premium price. The deal will boost the company's data center and cloud networking activities, and thereby its overall growth profile. Show More Summary
A group of younger agents will help Warren Buffett’s new real estate franchise brand, Berkshire Hathaway HomeServices, buck the aging agent trend and connect with the perspective of a younger generation. The Irvine, Calif.-based franchisor has selected 10 agents, all...
J.P. Morgan to Pay Over $1 Billion to Settle U.S. Criminal Probe Related to Madoff (WSJ) Ford board aims to pin down CEO Mulally's plans (Reuters) Raising Minimum Wage Is a Bad Way to Help People (BBG) Japan Lawmakers Demand Speedy Pension...Show More Summary
(SEOUL, South Korea) — A Seoul court denied Samsung’s claim that Apple violated three of its patent related to short message services. A judge at Seoul Central District Court said Thursday that two of Samsung patents lacked “progressivity” and can be easily developed by others. Show More Summary
Rates on 30-year fixed-rate mortgages averaged 4.42 percent with an average point of 0.7 percent for the week ending Dec. 12, down from 4.46 percent last week but up from 3.32 percent a year ago, according to Freddie Mac’s latest...
By J.J. McGrath: Loose monetary conditions are associated with rising share prices and tight monetary conditions are associated with falling share prices, all other things being equal (or even unequal at times) in the U.S. equity market. Show More Summary
By Ronny Hyman: Key investment highlights Under a new management team, Flamel Technologies (FLML) is employing a low-risk strategy to generate substantial revenue and cash flow in the near-term. After more than two decades of losses,...Show More Summary
SACRAMENTO -- Federal prosecutors appear to be clearing the legal way to speed up the trial of two former top state pension fund officials on fraud, conspiracy and obstruction charges.
Prichard Alabama declared bankruptcy on October 28, 2009 over pension obligations. Since then pensioners have not been paid. Now a bankruptcy court has given the city two more months to figure out how to do so.Let's backtrack to the beginning. Show More Summary
Do you know that the mysterious super thin aluminum-encased Dell Adamo XPS laptop has a heat sensor and it only needs a little bit of heat to automatically open the lid of the laptop for you? Read on for more juicy surprises.Aluminum-encased Dell Adamo XPS has a heat sensor but it cannot detect... [[ This is a content summary only. Show More Summary