Facebook’s Zuckerberg Gives $1 Billion to Charity
Facebook founder and CEO Mark Zuckerberg was the largest charitable giver in the United States last year, donating just shy of $1 billion. A large number of the other largest givers were also from…
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Douglas A. McIntyre
Airline Demand Hits Record Levels
courtesy of American AirlinesAirline demand not only rebounded out of the recession — it skyrocketed to new records. If international travel is any reasonably measure of the global economy on both business-travel and personal-travel…
Company in California Recalls 8.7 Million Pounds of Meat
Thinkstock Update: According to several media reports, most of the tainted meat went through distribution centers in California, Texas, Illinois and Florida Meat recalls are not terribly unusual, but the most recent posted by…
Apple’s Huge Share Buybacks May Continue
courtesy of Apple Inc.Pressure from Carl Icahn, the activist investor who has taken a stake in Apple (NASDAQ: AAPL) and demanded the company return tens of billions of dollars to shareholders, has not worked.…
NBC Faces Olympic Competition From Twitter and Facebook
courtesy of TwitterThe XXII Olympic Winter Games held in Sochi, Russia, belong to NBC, at least from the standpoint of traditional media coverage. Comcast Corp.’s (NASDAQ: CMCSA) NBCUniveral unit paid $4.38 billion for the…
Chevy Offers Huge Silverado Discounts After Poor Sales
General Motors Co.Car companies that offer huge discounts on models early in the year have a problem. They have to decide on ways to get slow-selling vehicles off the lots. The Chevy Silverado, General Motors’…
Ford F-150 Will Remain the Most Popular Car in 2014
Based on past sales, and auto sales statistics, the Ford F-150 will be the most popular vehicle in the United States as measured by unit sales. It has held that top spot for almost…
Unemployment May Never Return to “Normal” 5%
ThinkstockFor decades, economists have counted 5% unemployment as the sign of a healthy and fully recovered economy. The U.S. jobless rate remains so far from that number, one could fairly ask if it can…
J.P. Morgan: Two Biotech Stocks to Buy With 65% to 100% Upside
ThinkstockMost of the major mega cap biotechnology companies have reported earnings and the results almost across the board have been very good. The problem for many investors is many of the top names have…
Sony Folds, Three PC Makers Control Market
courtesy of DellIn a move that really comes as no surprise to anybody, Sony Corporation (NYSE: SNE) is bidding a not-so-fond farewell to their money losing Personal Computer (PC) business. Despite reporting outstanding numbers…
McDonald’s Opens Store in Vietnam
Struggling with growth globally, McDonald's will open a restaurant in Vietnam, one of the developing world's fastest growing economies. It needs success outside its traditional strongholds if it hopes to improve its global performance.
The Seven Best Tax-Free Investments
When it comes to taxes and investments, we have all heard the old saying: "It's not what you make, it's what you keep." 24/7 Wall St. has compiled a list of seven tax-free or…
Breaking Microsoft Into Two Companies
Discussions about breaking Microsoft into two companies have gone on for years. As Satya Nadella moves into the role as the giant software company's third chief executive officer, the issue can begin to be…
Sony Dumps PC Business, Cuts 5,000 Jobs
The disintegration of one of the world's great consumer electronics companies continued as Sony sold one of its core operations and fired 5,000 people. The Japanese company will turn its attention to smartphones.
As California Drought Grows, Some States May Have Too Much Water
ThinkstockA drought that has started to plague some portions of central California seems likely to grow, and it may be close to permanent. The sources of the state’s water have become scarce enough that…
How Many Stores Will J.C. Penney Close?
One thing that is clear from the recent J.C. Penney announcement about holiday sales is that the sinking retailer has far too many stores. A restructuring is almost certainly in the offing for J.C.…
Microsoft: New CEO, Very Old Board
By World Economic Forum (Flickr) CC-BY-2.0, via Wikimedia CommonsAfter one of the most anticipated CEO hunts in American corporate history, Microsoft Corp. (NASDAQ: MSFT) has selected only the third person ever to sit in…
Dow Braces for One-Day 1,000 Drop, as Markets Plunge
A 1,000-point drop in the Dow Jones Industrial Average may appear like a great deal, but based on historical standards, it is not much. That would be only 6.5%. The outside forces that move…
Toyota: The World’s Most Profitable Car Company
Toyota has become by far the most profitable car company in the world. The Japanese company said its numbers were helped by the value of the yen, and it produced 10 million cars in…
Southwest Airlines Now Can Fly to All 50 States
With decades-old restrictions removed, Southwest Airlines now can fly to all 50 states. It is free to challenge the huge, merger-created U.S. carriers such as United Continental, Delta Air Lines and American Airlines.