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Business

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...
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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...
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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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US stocks open higher after jobless claims report; S&P 500 and Nasdaq on track

14/08/2014
US stocks open higher after jobless claims report

Stocks opened higher on Thursday, shaking off a higher jobless claims number, and rising with world equity markets on comments from Russian President Vladimir Putin. “We seem to be reacting now more to Europe and Russia than anything happening here,” said Peter Boockvar, chief market analyst at The Lindsey Group. “Our economy is better...
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Steve Ballmer officially takes over ownership of the Clippers

13/08/2014
Steve Ballmer officially takes over ownership of the Clippers

Ex-Microsoft CEO Steve Ballmer is now officially the owner of the Los Angeles Clippers, the NBA announced Tuesday. The deal closed after a California court confirmed the authority of former owner Donald Sterling’s estranged wife Shelly Sterling to sell the team on behalf of a family trust. Ballmer bought the team in a $2...
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Barneys to Pay $525K in Race Probe

12/08/2014

The high-end Barneys New York will pay $525,000 to settle allegations of racial profiling and discrimination at its Madison Avenue shop. The trendy department store was accused of singling out minority customers. New York state launched a probe into the allegations after two black patrons, Trayon Christian, 19, and Kayla Phillips, 21, filed a...
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Washington Pot Sales Hit $3.8M [VIDEO]

09/08/2014
Washington Pot Sales Hit $3.8M [VIDEO]

Pot smokers in Washington propelled the state’s first month of legal marijuana sales to just under $3.8 million, meaning more than $1 million in state taxes, the state reported Friday. Licenses have been issued to about 40 stores, though only 18 sold marijuana in July and 16 have reported August sales. “It’s off to...
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US stocks open higher following upbeat labor report, but close down

07/08/2014
US stocks open higher following upbeat labor market data Dow gains 45 points S&P up 7 points

US stocks open higher following upbeat labor market data; Dow gains 45 points, S&P up 7 points The report on initial weekly jobless claims showed a bigger-than-expected drop, so that’s encouraging. Here are the numbers on the day for the major indexes down about 1/2 a percentage point Dow 16,368 -75 0.46% Nasdaq 4,335...
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Justin.tv ‘JTV’ Finally Shuts Down with all focus on Twitch.tv & Gaming

06/08/2014
justin tv closes it's website twitch lives on

The writing has been on the wall for a long long time. Since Twitch was launched, its’ huge success made JTV nothing more than a nuisance and liability for the company. But don’t cry for JTV, Google’s $1B purchase of Twitch was confirmed and they will join the YouTubes for a new video empire....
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Big Bang Theory Cast Reach Deal, Set To Earn $1 Million Per 20 Minutes

05/08/2014
Big Bang Theory Cast Reach Deal, Set To Earn $1 Million Per 20 Minutes Of Television

Big Bang Theory Cast Reach Deal, Set To Earn $1 Million Per 20 Minutes Of Television TV sitcom “The Big Bang Theory” is back on track after lead actors Jim Parsons, Johnny Galecki, and Kaley Cuoco signed a deal reportedly making them the highest paid actors on US television. Production was delayed on the...
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Netflix, AT&T sign interconnection deal

30/07/2014
Netflix, AT&T sign interconnection deal

AT&T is the latest company to sign a deal with Netflix to ensure streaming videos get to consumers with lagging or delay. Earlier this year, Netflix had signed interconnection deals with Comcast and Verizon amid controversial negotiations that are the subject of an ongoing probe by the Federal Communications Commission. Photo: CEO of Netflix...
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Real estate website Zillow announces acquisition of Trulia for $3.5 billion in stock

28/07/2014
Real estate website Zillow announces acquisition of Trulia

Real estate website Zillow will buy competitor Trulia for $3.5 billion in stock, the companies said on Monday. The deal is expected to close next year. Trulia shareholders will get 0.444 shares of Zillow stock for each Trulia share, giving them a one-third stake in the combined company at closing. Trulia shares rose 18.5...
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Amazon shares drop 10% in premarket trading after 2nd-quarter results yesterday

25/07/2014
Amazon shares drop 10 in premarket trading after 2nd-quarter results yesterday

Amazon.com Inc posted a much larger-than-expected loss in the second quarter as it continues its rapid pace of investment in new businesses such as digital content and consumer electronics. Amazon’s stock price has dropped 10 percent so far in 2014, with investors leery of betting on its long-term growth at the expense of little...
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GM profit 2Q falls 85 pct. on recall costs

24/07/2014
GM profit 2Q falls 85 pct. on recall costs

Recall costs chopped $1.5 billion from General Motors’ bottom line in the second quarter, cutting its net income by 85 percent. The automaker, which is in the midst of the worst recall crisis in its history, posted a net profit of $190 million, or 11 cents per share. A year ago GM made $1.26...
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US stock market opens slightly higher, pushing the S&P 500 to an intraday record

23/07/2014
US stock market opens slightly higher, pushing the S&P 500 to an intraday record

The S&P 500 hovered near the intraday record it set shortly after the opening bell. Price declines in Boeing Co. stock after earnings results weighed on the Dow industrials. Geopolitical tensions flared up after news that two Ukrainian fighter jets were shot down Wednesday near where Malaysia Airlines Flight MH17 was downed. The S&P...
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StubHub victim of international cyber fraud ring

23/07/2014
StubHub victim of international cyber fraud ring

eBay’s online ticket resale service StubHub announced late Tuesday that it was the victim of a massive international cyber fraud ring. The company’s head of global communications said his firm had been working with law enforcement around the world for the last year on the case, which authorities plan to disclose details of on...
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