There is news out today that social networking leader Facebook has secured a $200 million financing from Digital Sky Technologies, an internet investment group with significant stakes in Eastern European and Russian…
Microsoft (MSFT) has come up with a name for its new search engine technology–“Bing”. The world’s largest software company is prepared to spend as much as $100 million promoting the product. There…
The West, particularly the US, has been able to hang onto its lead in technology innovation for the better part of thirty years while the manufacturing economy was driven by cost savings…
When Rupert Murdoch’s News Corp (NWS) bought MySpace for $580 million, Wall St. viewed it as a brilliant move. Murdoch got one of the fastest-growing properties on the Internet and it was…
Sony’s (SNE) plan to turn itself around is all about cutting costs and has nothing to do with building new products or restructuring the firm’s content operations. Sony’s management laid out a…
Reuters: Congress passed a bill to put restrictions on credit card companies. Reuters: The Fed mulled increasing securities during its April meeting. Reuters: Geithner said the US was making progress fighting the…
The most provocative question about huge social networks like MySpace, Facebook, and YouTube is whether they will ever make money despite the tens of millions of users that they have. The money…
NetFlix (NFLX) is making another move to keep it ahead of rivals including Amazon (AMZN) and Blockbusters. It will adding its video-on-demand service to the Microsoft (MSFT) Window Media software. According to…
Intel (INTC) plans to introduce a PC operating systems for low-end machines. The software is based on Linux, an open source platform that allows developers to create products that are often less…
Reuters: The Treasury is keeping banks guessing about when they can repay TARP funds. Reuters: Bank of America (BAC) has raised more than $13 billion in share sales. Reuters: Hewlett-Packard’s (HPQ) financial…
Microsoft says it will introduce its new search engine within the next few days. The world’s largest software company has called the project “Kumo.” It may change that name before the public…
Video games and video game consoles are sold across a broad spectrum of consumers whether they are measured by income or region. The games are also inexpensive enough so that they should be…
Reuters SEC employees are under investigation for insider trading Reuters Treasury has approved several insurance companies for receiving TARP funds Reuters GM (GM) is close to a deal with the UAW. Reuters Bank…
If you can believe it, Jim Cramer came on CNBC’s nightly MAD MONEY and changed his tune on Yahoo! Inc. (NASDAQ: YHOO). Cramer has been anti-Yahoo! for longer than memory serves. He…
A huge population of red ants has bedeviled Texas farmers for years. By some estimates the insects cost state businesses close to $1 billion a year due to crop and machinery destruction.…
