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Business

E-cigarettes industry awaits looming federal regulation

24/04/2014
e-cigarette

  The Food and Drug Administration will propose rules for e-cigarettes as early as this month. The rules will have big implications for a fast-growing, largely unregulated industry and its legions of customers. The FDA faces a balancing act. If the regulations are too strict, they could kill an industry that offers a hope...
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GM drafts NASA in effort to ensure cars are safe

10/04/2014
GM drafts NASA in effort to ensure cars are safe

  Detroit automaker General Motors has asked NASA to review whether its 2.6 million recalled cars are safe to drive after a series of deaths blamed on faulty ignition switches. NASA’s Engineering & Safety Center director Ralph R. Roe Jr is expected to lead an independent outside review of GM’s recall. detroitnews
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Wal-Mart Sues Visa Claiming Card Transaction Fee Conspiracy For $5B

28/03/2014
Wal-Mart Sues Visa Claiming Card Transaction Fee Conspiracy For $5B

The world’s biggest retailer seeks at least $5 billion in damages for what it claims are violations of federal antitrust laws that could triple that sum. Wal-Mart, one of dozens of large merchants that dropped out of a nationwide, multibillion dollar antitrust settlement with Visa and MasterCard Inc. to pursue their own lawsuits, filed...
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Taco Bell Breakfast New Ads Star Real Ronald McDonalds

27/03/2014
taco-bell-y-u-put-my-brothers-in-your-food

Taco Bell hired twenty-five real guys named “Ronald McDonald” to appear in its ads promoting the chain’s new breakfast menu. “To show you how much people are loving Taco Bell’s all new breakfast, we asked some very special people,” intones the narrator. NBC News
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Bank of America to pay $9.3 billion to settle mortgage bond claims

27/03/2014
Bank of America to pay $9.3 billion to settle mortgage bond claims

Bank of America agreed to pay $9.3 billion to settle claims that it sold Fannie Mae and Freddie Mac faulty mortgage bonds, helping the bank to end one of the largest legal headaches it still faced from the financial crisis. The settlement, announced on Wednesday, includes $6.3 billion in cash and the rest in...
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Facebook to buy Oculus VR for $2 billion

26/03/2014
Facebook to buy Oculus VR for $2 billion

Facebook on Tuesday said it agreed to acquire Oculus VR, a virtual-reality company that uses glasses to simulate game play, for $2 billion in cash and stock. “Mobile is the platform of today, and now we’re also getting ready for the platforms of tomorrow,” said Facebook chief executive Mark Zuckerberg. “Oculus has the chance...
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Apple talking to Comcast about streaming TV on Netflix

24/03/2014
Apple talking to Comcast about streaming TV on Netflix

Apple Inc is in talks with Comcast Corp to enter into a deal for a streaming-television service that would allow Apple set-top boxes to bypass congestion on the web, the Wall Street Journal reported, citing people familiar with the matter. The discussions are in early stages and there are a lot of hurdles to...
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Toyota reaches $1.2 billion settlement with DOJ

19/03/2014
Toyota reaches $1.2 billion settlement with DOJ

Toyota will pay $1.2 billion to settle a four year criminal investigation into whether or not the company misled consumers and investigators regarding a sudden-acceleration defect, US Attorney General Eric Holder announced Wednesday. The settlement is the largest ever paid by an automaker. NYT
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GM recalls 1.5 million more vehicles

17/03/2014
GM recalls 1.5 million more vehicles

General Motors will take a $300 million charge primarily to cover the costs related to the faulty ignition switches linked to at least 12 deaths.
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U.S. Agrees to Allow BP Back Into Gulf Waters to Seek Oil

14/03/2014
U.S. Agrees to Allow BP Back Into Gulf Waters to Seek Oil

Four years after the Deepwater Horizon rig explosion, BP is being welcomed back to seek new oil leases in the Gulf of Mexico. An agreement on Thursday with the Environmental Protection Agency lifts a 2012 ban that was imposed after the agency concluded that BP had not fully corrected problems that led to the...
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Amazon’s Raising Their Yearly Prime Price to $99

13/03/2014
Amazon’s Raising Their Yearly Prime Price to $99

For the first time since Amazon introduced their free-shipping Prime membership to customers nine years ago, it’s raising its prices on us — from $79 a year to $99. Probably to pay for all those drones they’re working on, we expect. This probably doesn’t come as a surprise to most users, of course. Amazon...
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Tesla stores may be closed after New Jersey blocks direct sales

12/03/2014
Tesla stores may be closed after New Jersey blocks direct sales

Tesla Motors Inc., the electric-car company that doesn’t have franchised retail dealers, may be forced to close stores in New Jersey after a state commission voted to bar automakers from selling directly to customers. The New Jersey Motor Vehicle Commission unanimously approved the proposal today in Trenton, delaying public comment on the matter until...
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Colorado collects $3.5 million in 1st month of marijuana taxes

11/03/2014
Colorado collects $3.5 million in 1st month of marijuana taxes

Colorado collected $2.1 million in recreational marijuana taxes in January, the state Department of Revenue reported. These are the first tax figures for the first U.S. state to legalize retail marijuana. Officials also reported the state brought in $1.4 million from medical marijuana. Colorado legalized pot in 2012. In November, voters enacted the 15...
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A Device That Help You Turn Water Into Wine At Home

10/03/2014
Screen Shot 2014-03-10 at 10.02.20 AM

Jesus made water into wine; with all the technology we have available today why can’t we do the same? Kevin Boyer and Phillip James, two wine industry executives now at CustomVine, have discovered a way to turn water into wine with the creation of the Miracle Machine, a fermentation chamber that makes wine with...
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Sbarro Files For Chapter 11 Bankruptcy

10/03/2014
Sbarro Files For Chapter 11 Bankruptcy

Sbarro has filed for Chapter 11 bankruptcy, according to a Bloomberg News report. The embattled pizza chain is in the process of closing 155 stores in an attempt to become more profitable. The closures were all company-owned stores in North America, not franchises, according to Bloomberg. Sbarro has more than 800 stores total. businessinsider.com
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RadioShack closing 1,100 stores

04/03/2014
RadioShack closing 1,100 stores

RadioShack plans to close up to 1,100 stores in the US after a disappointing holiday season, the electronics store’s CEO said in a statement Tuesday. After the closures, RadioShack will have more than 4,000 stores in the US. It is not clear which stores will close or how many jobs will be affected. NBCNews
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MtGox Bitcoin exchange ‘files for bankruptcy protection’

28/02/2014
MtGox Bitcoin exchange 'files for bankruptcy protection'

The troubled MtGox bitcoin exchange filed for bankruptcy protection in Japan Friday after claims of a multi-million dollar theft from its digital vaults, media reports said. The Tokyo District Court accepted the application from MtGox, Jiji Press and public broadcaster NHK said. The action was taken after US prosecutors reportedly served a subpoena on...
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Colorado county reports $1M in January pot sales

26/02/2014
Screen Shot 2014-02-26 at 10.59.50 AM

It’s high times for at least two pot stores in Colorado. A southern Colorado county with a pair of recreational weed shops became the first in the state Monday to announce tax totals from its fledgling — and recently legalized — industry.
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[VIDEO] Protests after bitcoin exchange disappears

25/02/2014
Bitcoin

Bitcoin exchange Mt. Gox disappears in blow to virtual currency Mt. Gox, once the world’s biggest bitcoin exchange, looked to have essentially disappeared on Tuesday, with its website down, its founder unaccounted for and a Tokyo office empty bar a handful of protesters saying they had lost money investing in the virtual currency. The...
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Comcast and Netflix Reach Streaming Deal to speed service

24/02/2014
‘House Of Cards’ Helps Netflix Make Emmy History

Netflix said Sunday it has agreed to a deal with Comcast to ensure that its movies and TV shows stream more quickly, the latest evidence of a shift in the balance of power in favor of Internet service providers and the likelihood of rising prices for consumers. Emboldened by a mid-January federal appeals court...
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