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Business

Oil-Rich Venezuela Rations Food

23/10/2014
Oil-Rich Venezuela Rations Food

  Despite its oil riches, Venezuela has joined the ranks of North Korea and Cuba in rationing food for its citizens. The government has rolled out a system using fingerprint scanners to limit purchases of basic goods. Before entering grocery stores, shoppers have to scan their fingerprints to make sure they don’t buy more...
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Market Drops, Dow has broken below 16,000 [VIDEO]

15/10/2014
first time since Feb14 that the Dow has broken below

  U.S. stocks resumed a decline after shaving early losses on Wednesday as Europe markets closed in the red and weak domestic economic data weighed heavily on markets. “We’re probably going to follow the Europe” markets,” Peter Cardillo, chief market economist at Rockwell Global Capital, said. Although he expected U.S. stocks to close down,...
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Samsung Galaxy Note 4 Latest Phablet Released [VIDEO]

15/10/2014
Samsung Galaxy Note 4 Latest Phablet Released

The 5.7-inch Samsung Galaxy Note 4 has a brilliant high-resolution screen and takes excellent outdoor shots on its 16-megapixel camera with optical image stabilization. Using the stylus is more convenient, and the battery charges very quickly. Low light and indoor shots aren’t as good as they should be. The Note 4 costs significantly more...
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Microsoft CEO’s Fails Over Women’s Pay, Just Like BOB [VIDEO]

10/10/2014
bob

BOB sucked and so does Microsoft CEO Satya Nadella, and his gaffe about women’s pay. At a women’s tech conference Thursday, Nadella said that women not asking for a raise is “good karma” and that “the system will give you the right raises as you go along.” Afterwards, the software executive apologized and backpedaled....
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Twitter Sues DOJ for Right to Reveal Surveillance Requests

08/10/2014
twitter

Twitter Inc. sued the U.S. Department of Justice on Tuesday, intensifying the Internet company’s battle with federal agencies as the self-described champion of free speech seeks the right to publicly reveal more details about the extent of government surveillance. In a lawsuit filed in the U.S. District Court for Northern California, Twitter argued that...
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Jobs Report Beats Expectations UNEMPLOYMENT RATE FALLS TO 5.9%

03/10/2014
dow jobs

According to the latest employment report from the BLS, nonfarm payrolls grew by 248,000 in September. The unemployment rate also fell to 5.9% from 6.1%, the first time the unemployment rate has been below 6% in more than six years. Expectations were for a gain of 215,000 with the unemployment rate expected to remain...
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Apple iOS 8, The Latest Version of Their Mobile Operating System

17/09/2014
Today Apple Will Release iOS 8, The Latest Version of Their Mobile Operating System

Apple is set to release iOS 8 today. It is the latest version of their mobile operating system and was announced at Apple’s Worldwide Developer Conference on June 2nd, 2014. The exact time the update will be available is uncertain, but International Business Times and Computerworld are both reporting it will be live starting...
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Radisson ends sponsorship with Vikings due to Adrian Peterson Abuse

16/09/2014
Radisson suspends its sponsorship from Vikings due to Adrian Peterson

Anyone who tuned into the Vikings’ press conference announcing their decision to reinstate Adrian Peterson, despite his indictment for allegedly hitting his 4-year-old son repeatedly with a switch, might have noticed that the Radisson hotel logo appeared on the banner that acted as a backdrop. It was hard to miss, considering it appeared all...
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Apple receives record pre-orders for new iPhones

15/09/2014
Apple receives record pre-orders for new iPhones

Apple Inc said it received a record four million first-day pre-orders of its new iPhone 6 and iPhone 6 Plus, meaning many customers will have to wait until October for their new phones. Apple said a significant number of orders will be delivered to customers beginning Friday, but many will be shipped in October...
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Microsoft agrees to buy the video game developer behind Minecraft for $2.5 billion

15/09/2014
Microsoft agrees to buy the video game developer behind Minecraft for 2.5 billion

Microsoft Corp. today announced it has reached an agreement to acquire Mojang, the celebrated Stockholm-based game developer, and the company’s iconic “Minecraft” franchise. The Mojang team will join Microsoft Studios, which includes the studios behind global blockbuster franchises “Halo,” “Forza,” “Fable” and more. Microsoft’s investments in cloud and mobile technologies will enable “Minecraft” players...
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Home Depot Confirms Data breach

09/09/2014
Home Depot confirms data breach

Home Depot confirms its payment data systems have been breached, potentially impacting customers using payment cards at its U.S. and Canadian stores. In a statement, the company said there is no evidence the breach impacted online customers. Home Depot also said there is no evidence debit PIN numbers were compromised.
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Plane believed to be Glazer’s Crashes into Ocean North of Jamaica

05/09/2014
larry glazer plane crashes

A small plane believed to be registered to Rochester developer Larry Glazer was unresponsive for miles and has crashed into the ocean near the island of Jamaica. The Glazer’s son said Larry Glazer and his wife, Jane were onboard. Search and rescue teams on way to site of crashed plane off coast of eastern...
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Global stocks lackluster before ECB policy meeting

04/09/2014
Global stocks lackluster before ECB policy meeting

Global stock markets were lackluster Thursday as investors looked ahead to a European Central Bank meeting and U.S. economic data. Declines were tempered by an easing of tensions over Ukraine. KEEPING SCORE: European trading was cautious. The CAC-40 in Paris edged down 0.4 percent to 4,403.99. Britain’s FTSE 100 was up 0.2 percent at...
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Second-quarter GDP Growth Revised Up To 4.2 Percent [VIDEO]

28/08/2014
Second-quarter GDP Growth Revised Up To 4.2 Percent

Second-quarter GDP Growth Revised Up To 4.2 Percent The U.S. economy rebounded more strongly than initially thought in the second quarter, and details of a report on Thursday pointed to sustainable underlying strength. The Commerce Department said gross domestic product expanded at a 4.2 percent annual rate–instead of the previously reported 4.0 percent pace–reflecting...
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Knee Defender Forced Flight To Land in Chicago [VIDEO]

27/08/2014
Knee Defender Forced Flight To Land On Chicago

A flight has been grounded after a customer refused to remove a gadget designed to prevent the seat in front being reclined. The ‘Knee Defender’ is a small, $21.95 piece of plastic which attaches to your tray table, and is intended to stop the passenger in front reclining their seat. The idea is that...
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Apple Launching Biggest 12.9-inch iPad Ever & iPhone 6

27/08/2014
Apple Launching Biggest 12.9-inch iPad Ever & iPhone 6

Apple is getting ready for 2015 with an oversize iPad. Apple is reportedly preparing to launch its largest-ever iPad, with production beginning in the first quarter of next year. The screen will reportedly measure 12.9 inches diagonally. Currently, Apple’s iPads have 9.7-inch and 7.9-inch diagonal dimensions; alongside Apple is expected launch the iPhone 6...
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Burger King to Leave USA in Mega-Merger with Canada’s Giant Tim Hortons

26/08/2014
Burger King To Buy Canada's Tim Hortons & Move Office North

You like donuts or timbits? Tim Hortons may be bought by Burger King A joint statement by the companies says they hope to form a new corporation that would be based in Canada — but they would continue to operate as standalone brands. Tim Hortons headquarters are in Oakville, Ontario. ‘This means Tim Hortons...
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Russia Shuts Down McDonald’s Franchises

21/08/2014
Russia Shuts Down McDonald's Franchises

In a move that has been widely seen as retaliatory, the Russian government has kicked off a series of random checks at McDonald’s around the country, and has already shut down four prime locations in Moscow. Government officials from Siberia to Sochi have announced they will be launching their own investigations. No information has...
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Bank of America to Pay $16.5B Fine

21/08/2014
BofA to Pay $16.5B Fine

The long-awaited deal between the Justice Department and Bank of America over mortgage securities could be announced as early as Thursday and is now expected to cost the bank at least $16.5 billion. Part of the deal will be $9 billion in cash to the DOJ, and the rest would go for assistance to...
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Twitter to Remove Photos of Dead

20/08/2014
Twitter to Remove Photos of Dead

A week after the daughter of Robin Williams quit Twitter after receiving nasty images of him from online trolls, Twitter announced Tuesday it will remove images and videos of deceased people per the family’s request. “In order to respect the wishes of loved ones, Twitter will remove imagery of deceased individuals in certain circumstances,”...
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