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The stock market marched back into record territory as investors seized on the latest encouraging news about the economy. On Tuesday, it was a report on the health of small businesses. The Dow Jones industrial average rose 123.57 points, or 0.8 percent, to close at 15,215.25. The Standard & Poor’s 500 index gained...
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After months of rumors, YouTube finally introduced a pilot program for paid channels on Thursday. YouTube will now let a few dozen of popular channels charge viewers a subscription fee of 99 cents or more per month, the company announced in a blog post. Each of these channels will offer two weeks of...
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The US Senate has passed a bill that could end tax-free shopping on the Internet for many shoppers. The Senate voted 69 to 27 Monday to pass the bill, sending it to the House where it faces opposition from some lawmakers who regard it as a tax increase. Under current law, states can only...
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A group of more than 120 cancer researchers and physicians took the unusual step this week of publishing a research paper taking aim at pharmaceutical prices they see as exorbitant and unjustifiable. Drug companies are profiteering, the doctors say, by charging whatever the market will bear for medications that patients literally can’t live without....
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Satellite broadcaster Dish Network Corp. has made a $25.5-billion bid for Sprint Nextel Corp. If consummated, the deal would combine one of the nation’s biggest pay-TV providers with the third-largest wireless communications company. The unsolicited Dish offer, which was announced Monday morning, is aimed at derailing Sprint’s plans to merge with Japan’s SoftBank Corp,...
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Applications (INJCJC) for unemployment benefits in the U.S. plunged more than forecast last week, unwinding a surge caused by the Easter holiday and spring break at schools. Jobless claims decreased by 42,000 to 346,000 in the week ended April 6, from a revised 388,000, Labor Department figures showed today in Washington. The median forecast...
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The Big Broadcasters Line Up Against Live Streaming TV Service New York City streaming TV service Aereo may not be welcome on the West Coast but that’s not putting a crimp in its expansion plans, according to a company spokesman. Aereo, which currently streams live broadcast TV programming to subscribers in New York City...
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Everybody loves ice cream. And everybody loves freebies. And free ice cream? That’s almost too good to be true. So consumers understandably get excited about Ben & Jerry’s Free Cone Day, an annual event when just what you think happens: Participating Ben & Jerry’s locations give away one free ice cream cone per customer....
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As more states consider legalizing marijuana for recreational use, users may soon expect to pay a marijuana tax on top of their purchases. Just as many states make additional money off the sale of alcohol, tobacco, and other vices, states like Colorado could soon be looking to line their pockets with weed cash. According...
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Details of EU/IMF bailout agreement with Cyprus Negotiations in Brussels, Cyprus in last-ditch effort to agree to bail-in for 10 Billion Euros. Euro rises on deal news – News that there might be a deal in Brussels has sent the euro rising around half a cent, up at $1.3033 against the US dollar (from...
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‘Tonight’ Report: Leno Out, Fallon In Howard Stern as Tonight Show host, we hardly knew ye. The New York Times reports that NBC has made a commitment to bring the Tonight Show back to New York, replacing Jay Leno with Jimmy Fallon as host. Though the deal has yet to be cemented, several “senior...
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GOP Sends Mixed Signals On Obama’s Outreach Effort House Republicans are sending mixed signals in agreeing to meet with President Barack Obama for talks over the budget impasse. On the one hand, many Republicans who long have chided Obama for failing to engage their party on the nation’s biggest problems are applauding his newfound...
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Yahoo’s Mayer Gets $1.1 Million Bonus Yahoo CEO Marissa Mayer received a $1.12 million cash bonus for her half-year on the job in 2012 and restricted stock worth another $13.3 million, according to company filings. Filings late Wednesday also disclosed that Mayer, who joined the Web portal company in July, will get a $1...
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Microsoft Slammed With $731M Fine – Once Again Hit with Anti-Trust Over Internet Explorer Microsoft did not hold up its end of a 2009 bargain with European Union regulators to give its users the option to use Web browsers other than Internet Explorer, and now it must pay. The EU fined the software company...
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President Barack Obama’s administration is preparing a strategy to counter theft of U.S. trade secrets by hackers in China and other countries, according to a former government official briefed on an administration report to be released today. The report will outline a coordinated diplomatic effort to push back against other nations to enforce intellectual...
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Apple Inc cut the price on the base version of its 13-inch MacBook Pro laptop with “retina” display by $200 as it revamps its top-end laptops, weeks after the company reported a steep decline in Mac sales in the holiday quarter. Investors have worried that Apple’s iPad is cannibalizing its Mac range, but Chief...
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BP will pay an unprecedented $4 billion in criminal penalties and plead guilty to manslaughter and other charges for its role in the 2010 Gulf of Mexico oil spill disaster. A US judge approved the agreement Tuesday. BP is pleading guilty to charges relating to the 11 workers’ deaths and for lying to Congress...
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The U.S. operations of iconic but long-troubled video game maker Atari have filed for bankruptcy in an effort to break free from their debt-laden French parent. Atari Inc. and three of its affiliates filed petitions for Chapter 11 reorganization in U.S. Bankruptcy Court in New York late Sunday. Although the 31-year-old brand is still...
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JUST IN: Facebook says it will be releasing a new search feature for its site called Graph Search. Graph Search is designed to take a precise query and deliver an answer, Facebook CEO Mark Zuckerberg said. He said it isn’t a Web search service, and that user privacy has been taken into consideration, according...
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General Motors’ Cadillac ATS has been named 2013 North American Car of the Year by a jury of automotive writers, Reuters reports. Chrysler’s Ram 1500 pickup, which was extensively redesigned for model year 2013, was named North American Truck/Utility of the Year.
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