Unhappy Eighth Birthday, YouTube
courtesy of YouTubeGoogle Inc.’s (NASDAQ: GOOG) YouTube, which was founded eight years ago, has barely changed, except for the number videos posted at the site. It brings in almost no revenue for the search…
Archive
Year: 2013
All Year: 2013 Articles
Newest first · Page 261Yahoo! Brilliant Mergers and Acquisition Deal to Buy Tumblr
via Wikimedia CommonsYahoo! Inc.’s (NASDAQ: YHOO) $1.1 billion cash buyout of Tumblr already has been criticized because of the large sum involved compared to Tumblr’s extremely modest revenue, estimated at $13 million last year.…
Poverty Rates: The Suburban Life Loses Its Luster
ThinkstockThe original concept behind the creation of the suburbs was that they were an oasis for the middle class, fairly far from the bustle of cities and away from the poor who were housed…
What’s Important: Chesapeake Scandal Improves, SAC Capital Advisors Widens
Courtesy BlackBerryChesapeake Cleans Up Its Act Chesapeake Energy Corp. (NYSE: CHK) finally has succeeded in throwing out its morally challenged CEO Aubrey McClendon and some of his equally morally challenged board. McClendon not only enjoyed…
Media Digest (5/20/2013) Reuters, WSJ, NY Times, Bloomberg
courtesy of Facebook Inc.The drop in the budget deficit puts less pressure on a compromise by the White House and Congress over the federal deficit. (Reuters) Yahoo! Inc.’s (NASDAQ: YHOO) board approves a $1.1…
Yahoo! (YHOO) Deal to Buy Tumblr Approved? Deal Looks Too Rich
via Wikimedia CommonsJust as there were rumors that Yahoo! Inc. (NASDAQ: YHOO) would buy social media site Tumblr, there are not rumors that the deal is finished. It is not clear what a $1.1…
Bernanke Argues Innovation Could Salvage U.S. Economy
ThinkstockIf innovation and inventiveness are the qualities which drive America to become the largest economy in the world, perhaps the same qualities will put the U.S. out of its multiyear decline, one in which…
New Microsoft Xbox, Winner or Loser?
Microsoft Corp. (NASDAQ: MSFT) will release its new Xbox this week. The common wisdom is that, even if the console is more popular the Sony Corp. (NYSE: SNE) PlayStation and Nintendo Wii, the the…
Closing Bell for Friday on Wall Street: Stock Markets Open Higher Today, March Upward
U.S. equity markets opened higher this morning, taking advantage of buying opportunities after yesterday’s slide in equities’ prices. In the U.S., the Thomson Reuters/University of Michigan consumer sentiment index and the Conference Board leading…
Icahn Wins One, Loses One at Transocean Shareholder Meeting
ThinkstockActivist investor Carl Icahn had proposed that the world’s largest offshore drilling firm, Transocean Ltd. (NYSE: RIG), pay shareholders a one-time dividend of $4 a share and to replace 3 board members with a…
State Unemployment Rates Post Little Change in April
ThinkstockThe US Bureau of Labor Statistics (BLS) today released its data on state and regional unemployment for April. Compared with March data, unemployment rates fell in 40 states and the District of Columbia, while…
Rail Cars Fill Up with Crude Oil, While Grain and Coal Shipments Remain Soft
ThinkstockIn its weekly report issued yesterday, the Association of American Railroads (AAR) noted that rail carloads of petroleum rose 50.8% in the week, compared to the same week a year ago. For the year…
Tableau Software: Big Data IPO Goes out Above Expected Range, Shares Spike Higher
Seattle-based software maker Tableau Software Inc. (NYSE: DATA) begins trading today following an initial public offering (IPO) of 8.2 million shares at a price of $31 a share. The offering is valued at around…
Consumer Sentiment Index, Leading Economic Indicators on the Upswing Again
ThinkstockConsumer sentiment as measured by the University of Michigan/Thomson Reuters index jumped from a weak 76.4 reading in April to a more robust 83.7 in May. Economists had expected a reading of 78 following…
European Union Investigates Crude Oil Price-Fixing
ThinkstockTwo days ago, officials of the European Commission (EC), the executive arm of the European Union, raided the offices of Royal Dutch Shell PLC (NYSE: RDS-A), BP PLC (NYSE: BP), Statoil ASA (NYSE: STO),and…