|
Business
Latest Business coverage from NewsAmericaNow
DOW DROPS OVER 400 POINTS
Worries that problems in housing and credit markets would dent the broader economy sent stocks tumbling Thursday, pulling the Dow industrials down more than 400 points. The drop, if sustained, would be the second-biggest point drop of the year...
MCDONALD'S LOSING MONEY, AGAIN
McDonald's Corp. said Tuesday that it posted its second-ever loss - its first in nearly five years - losing $711.7 million in the second quarter because of a hefty one-time charge. For the quarter ending June 30, the world's...
STARBUCKS JACKS UP COST OF COFFEE
Starbucks Corp. said Monday it was raising prices for its coffee and other freshly made drinks in most of its U.S. stores by 9 cents this month, citing rising costs, including dairy products, energy and fuel. In a statement...
WAL-MART GOES WEB 2.0
Wal-Mart has embraced the web 2.0 revolution and is inviting customers to rate and review products on its website. The retailer ran a limited test of user-generated ratings and reviews in June, and received nearly double the number of...
TAO LAS VEGAS RESTAURANT DOES $55.2 MILLION IN BUSINESS A YEAR
The allure of Chilean sea bass satay often competes with sightings of celebrities, like New England Patriots quarterback Tom Brady or the actor Jamie Foxx. This is Tao Las Vegas, the highest grossing independent restaurant in the United States,...
AT&T HIRES "iTEMP" ARMY BEFORE IPHONE ONSLAUGHT
AT&T Inc. said on Thursday it has hired 2,000 temporary store workers to handle its much-hyped introduction of the iPhone, the first cell phone from iPod music player maker Apple Inc. The biggest U.S. wireless service provider by customer...
AIRLINE OFFERING LINGERIE SHOW TO PASSENGERS
To boost ticket sales for the new Ecuadorean airline, Caro, they've added an in-flight lingerie show. The airline's owners say they hope the lingerie models will do two things: one, bring attention to the airline. Check! …and two, relax...
WOMAN CLAIMS HUMAN BLOOD FOUND ON TACO BELL FOOD
A Louisville woman filed a lawsuit today against Taco Bell, claiming her infant daughter was given a Gordita with human blood on the wrapper and in the food. Brianna Ralston claims her year-old daughter consumed some of the food...
IHOP MAKES BID TO BUY APPLEBEES
Ihop Corp., the biggest U.S. pancake-house chain, offered to buy Applebee's International Inc., people familiar with the matter said. The bid was for more than $2 billion, a person with direct knowledge of the offer said. There may be...
APPLE WANTS MOVIE RENTALS IN ITUNES
Apple Inc. is in talks with the Hollywood studios to make new movies available for rental for its iTunes service, according to two studio executives familiar with the matter. The rental service is being pitched aggressively by Apple, with...
UNEMPLOYMENT JUMPS AS ECONOMY GETS SHAKY
LINK: The nation's unemployment rate edged up to 4.5 percent in April as cautious employers added the fewest new jobs in more than two years, signaling that the labor market is starting to feel some of the strain of...
CEOS HAULING HOME BIG BUCKS
Top CEOs will easily be able to afford multi million dollar yachts and the perks that come with them LINK: The chief executives of America's 500 biggest companies got a collective 38% pay raise last year, to $7.5 billion....
MICROSOFT: PLANNING TO BUY YAHOO?
Microsoft and Yahoo! may be leading up to a lip lock LINK: Stung by the loss of Internet advertising firm DoubleClick to Google last month, Microsoft has intensified its pursuit of a deal with Yahoo!, asking the company to...
DES'REE PUTS THE SCREWS TO BEYONCE CD RELEASE
LINK: After Des'ree launched a lawsuit, seeking $150,000 in damages for copyright infringement, Beyonce Knowles has reportedly withdrawn the deluxe edition of her latest album B'Day from sale. According to MTV, Des'ree's lawsuit was filed on Wednesday, April 18th...
TWEENS TAKING OVER BABY BOOMERS
"According to industry sources, there are approximately 25 million tweens -- kids between the ages of 7 and 14 -- in the United States who spend $50 billion a year. Other estimates report these kids influence another $200 billion in...
GIRLS GONE WILD JOE FRANCIS PLOTS CHAIN OF TOPLESS RESTAURANTS
"Girls Gone Wild creator Joe Francis is turning his soft porn DVD empire into a new restaurant business. Francis, a former boyfriend of Paris Hilton, plans to open diners in Cancun and Cabo San Lucas, Mexico by the end of...
FOX, NBC PLOT YOUTUBE RIVAL
"The two companies are planning to use the joint venture to distribute videos of their TV shows and short clips from movies on AOL, MSN, Yahoo, and Fox's MySpace. They've signed up some charter advertisers who are interested in reaching...
VIACOM COULD LOSE BIG IN GOOGLE LAWSUIT
"There's one thing missing from most coverage of Viacom's $1 billion lawsuit against Google and YouTube: the law. Sure, there's copyrighted material on YouTube. But Google (GOOG) employees didn't put it there; YouTube's users did. And whether Viacom's (VIA) lawyers...
MORTGAGE MELTDOWN CAUSES MARKET PLUNGE
"Subprime lenders' troubles helped lead the Dow Jones industrials to their second-biggest drop in almost four years, sending waves of concern overseas that translated into heavy losses in Asian markets Wednesday.... The Dow fell more than 240 points, or nearly...
VIDEO: THE RICH JERK HAS MONEY. YOU DON'T.
The Rich Jerk is a multimillionaire with a giant mansion and sexy women around him 24/7. If you want the kind of money he's got, click here. But you probably can't do it. Click here for The Rich Jerk's secrets...
MARKET SHOCK AS DOW DROPS 500 POINTS
"The Dow Jones industrial average was down more than 500 points with about an hour of trading left today but then gained about 100 of it back. The Nasdaq Composite fell more than 100." [LINK]...
SIRIUS, XM MERGER MAY GET THUMBS DOWN FROM FEDS
"The federal government's original deal granting licenses to XM and Sirius required the two companies to work together toward making their technologies compatible with one another, but expressly ruled out the idea of the two merging at any time. To...
YEAH, RIGHT: MICROSOFT CHIEF SAYS "PIRATES" TO BLAME FOR POOR VISTA SALES
"Microsoft CEO Steve Ballmer has told Wall Street analysts that the company might "dial up" the intensity of antipiracy technology baked into Windows Vista as part of an effort to squeeze more revenue from China, India, Brazil, Russia and other...
MONEY MAGS STILL PLAYING TONSIL HOCKEY WITH MARIA BARTIROMO
"CNBC's Money Honey Maria Bartiromo has been under fire since her close friendship and globetrotting trip on the corporate jet with Citigroup's now fired global asset management head Todd Thomson first came to light. But she is still keeping her...
SIRIUS, XM MERGING SATELLITE RADIO
"Satellite radio operators Sirius and XM are expected to announce their long-awaited merger today, according to a source familiar with the deal. The two sides were locked in negotiations over the weekend trying to hammer out a final agreement with...
RUN FOR YOUR LIFE: GOOGLE CREATING ARTIFICIAL INTELLIGENCE
"The worlds most dominant online company, with the largest conglomeration of computing power the world has ever seen, is trying to build artificial intelligence, and according to Page it isn’t that far away either. The term Googlebot is about to...
MAXIM MAGAZINE FOR SALE BY PUBLISHER AS LAD MAG MARKET CRASHES
"Dennis Publishing, publisher of Maxim, Stuff, Blender and The Week, announced today that it has put its stable of titles on the block, retaining media investment firm Allen & Co. to explore strategic alternatives. The sale includes all 31 international...
CLAUDIA SCHIFFER PIMPS GERMAN INVESTMENT
"So when supermodel Claudia Schiffer showed up in Davos on Wednesday night at a party for Focus magazine of Germany, she had captains of industry clamoring to chat her up and have their picture taken with her. She was at...
CISCO SUES APPLE OVER IPHONE
"Cisco Systems sued Apple Inc. in federal court Wednesday, saying the computer maker's new iPhone violates its trademark. The lawsuit, filed in U.S. District Court for the Northern District of California, came just a day after Apple CEO Steve Jobs...
APPLE IMPLICATED IN WALL STREET SCAM INVESTIGATION
"Federal prosecutors are reportedly scrutinizing apparently "faked documents" found during an internal investigation into stock options backdating at Apple Computer, raising the possibility of criminal charges against any past or current executives who may have been party to a deception...
NINTENDO RECALLING WII STRAPS
"In what some might call a testament to the interactive nature of Nintendo's new Wii video game console, the company has announced that it will recall 3.2 million straps found on the system's motion sensitive controllers." LINK...
TACO BELL BANS GREEN ONIONS IN E. COLI SCARE
"Taco Bell ordered scallions removed from its 5,800 U.S. restaurants Wednesday after tests suggested they may be responsible for the E. coli outbreak that has sickened at least three dozen people in three states. The fast-food chain said preliminary testing...
DIGG UNDER ATTACK FROM FRAUDSTERS
""People are trying to basically take advantage of Digg by artificially promoting a story with fake diggers or some other methodology of link swapping," Digg Chief Executive Jay Adelson said." NEWS.COM...
U.S. ECONOMY SLOWING DOWN
"Outside of the housing market, most of the economy appears healthy and likely to continue growing at "a moderate rate" over the next year or so, causing price pressures to gradually ebb, Federal Reserve Chairman Ben S. Bernanke said today."...
NETSCAPE TRAFFIC DROPS LIKE A ROCK THANKS TO MANIACAL JASON CALACANIS
"Valleywag has obtained the internal traffic stats for Netscape.com, the unit which AOL gave Calacanis to run. The numbers are brutal: in the middle of June, before Calacanis overhauled Netscape's front page, the property commanded over 130m pageviews per week....
FOX TV IN RATINGS MELTDOWN
"From almost every ratings standpoint, the Fox network is in the midst of a dismal run. The network is last in almost every audience category, even in areas of its traditional strength, like viewers 18 to 34. Over all, ratings...
NASDAQ OFFERS BID FOR LONDON STOCK EXCHANGE
"U.S. stock exchange Nasdaq launched a 2.7-billion-pound ($5.1 billion) bid for the London Stock Exchange on Monday and strengthened its hand by buying more shares in the market. Nasdaq, which had built up a 25-percent stake after a previous bid...
COLLEGE FOOTBALL COACHES GETTING MAJOR BLING-BLING
"The million-dollar coach, once a rarity, is now the norm. Head coaches at the NCAA's top-level schools are making an average of $950,000 this year, not counting benefits, incentives, subsidized housing or any of the perks they routinely receive. At...
FORD SELLING AUTOS ON AMAZON.COM
"Come Monday, the automaker will start selling its luxury Lincoln brand through online retailer Amazon.com. The M-K-Z sedan, M-K-X crossover and new Navigator will each have their own product pages on the popular Web site." AP...
CLAIM: LOUDMOUTH JASON CALACANIS OUT AT AOL
Techcrunch: "We just heard from a source that Jason Calacanis has resigned from AOL. Jason joined AOL just over a year ago when his startup, Weblogs, Inc., was acquired. Most recently, he took over management of Netscape, which relaunched earlier...
ARIELLE KEBBEL DOES PS3 LAUNCH
Hollywood glamour girl and star of The Grudge 2, Arielle Kebbel walks the runway during the launch for Sony's anticipated Playstation 3......
SONY FUMBLES AGAIN WITH PLAYSTATION 3
"Sony has warned that its PlayStation 3 is not able to play games designed for older consoles properly, further marring the already delayed launch of its key product. Titles including Gran Turismo and Final Fantasy sold for the PlayStation and...
HBO SIGNS EX-ROCKETBOOM HOST AMANDA CONGDON
"Amanda Congdon, co-founder and former host of the comedy video blog Rocketboom.com, is developing a comedy program for HBO. Details of the project are still being hammered out, but Congdon said she's aiming for a multiplatform property that will be...
KB HOMES CEO FIRED FOR OPTIONS BACKDATING
"One of California's highest-paid executives, KB Home chief Bruce Karatz, was ousted Sunday, becoming the latest casualty in a national scandal over the manipulation of lucrative stock option grants. The Los Angeles-based home-building company said an internal investigation by its...
FINGER FOUND IN SUBWAY SUB
"Health officials are investigating a woman's claim that she found part of a human finger in a Subway sandwich an allegation reminiscent of the chili bowl finger hoax at a Wendy's restaurant last year. Two health inspectors visited the Subway...
MCDONALDS PLOTS EXTREME MAKEOVER
"Plasma-screen TVs, soft couches, coffee tables and wireless Internet access are just some of the new features customers will begin to see at their local McDonald's. "It's a place where you can sit and see and be seen," said Sophia...
GOOGLE OFFICIALLY BUYS YOUTUBE
Search engine Google has officially bought video site Youtube for $1.65 billion...
WSJ: GOOGLE IN TALKS TO BUY YOUTUBE
"Google Inc. is in talks to acquire online video site YouTube Inc. for roughly $1.6 billion, according to a person familiar with the matter. The discussions are still at a sensitive stage and could well break off, this person says....
CONGRESS KILLS INTERNET GAMBLING
"Online gambling firms faced their biggest-ever crisis on Monday after U.S. Congress passed legislation to end Internet gaming there, threatening jobs and wiping 3.5 billion pounds ($6.5 billion) off company values. Britain's PartyGaming Plc, operator of leading Internet poker site...
RICHARD BRANSON: CHECK OUT MY SPACE SHIP
"Sir Richard Branson has unveiled a mock-up of the rocket-powered vehicle that will carry clients into space through his Virgin Galactic business. The Virgin "spaceships" are designed to carry six passengers and two pilots to an altitude of about...
ESPN MOBILE IS DEAD
"The planned shutdown of the Mobile ESPN cell phone service marks the first major bust in a rush of specialized wireless ventures targeting niche audiences they contend are underserved by the Cingulars and Verizons of the world. Mobile ESPN had...
IT BURNS: STARBUCKS RAISES COFFEE PRICES
"Starbucks Corp. said Thursday that it planned to raise prices of its lattes, cappuccinos, drip coffee and other drinks by 5 cents, or an average of 1.9 percent. The increase, which goes into effect Oct. 3 at all company-operated stores...
FORBES 400 IS BILLIONAIRE'S ONLY LIST; BILL GATES IS TOPS AGAIN
Sheldon Adelson, the third most rich man in America "For the first time, Forbes magazine's list of the 400 richest Americans consists exclusively of people worth $1 billion or more. As a group, the people who made the rankings...
YAHOO! IN TALKS TO BUY FACEBOOK FOR $1 BILLION
"Facebook.com is apparently in serious talks with Yahoo! to be acquired for up to $1 billion. The social-networking site, staple of college kids everywhere, has also spoken with Microsoft and Viacom (though it's a bit out of Viacom's current price...
RUPERT MURDOCH ENLISTS WIFE WENDY DENG IN MYSPACE CHINA PLOT
"Rupert Murdoch said on Tuesday that his wife, Wendy Deng, was working with senior News Corp executives to help bring the company's popular MySpace social networking site to China. "We have to make MySpace a very Chinese site," Mr Murdoch...
YAHOO! STOCK IN CRISIS
"Internet stocks trading on the Nasdaq plummeted Tuesday after Yahoo Inc. said a slowdown in auto and financial advertising will weigh on third-quarter results... Speaking at an investor conference hosted by Goldman Sachs, Chief Financial Officer Sue Decker said Yahoo's...
GENIUSES OUTSMART THE SPREAD IN SPORTS BETTING REVOLUTION
"PicksPal is a free sports site where people "bet" on upcoming games. No money is involved. If they win, their point total goes up and they have bragging rights around the office. Since launching about a year ago over 100,000...
MICROSOFT DECLARES WAR ON YOUTUBE
"MSN is jumping on the user-generated video bandwagon with Soapbox on MSN Video, a new Web platform designed for users to upload personal video clips. Soapbox will be initially available by invitation only during a beta test period that extends...
|
