ADM to Cut 20% More Jobs Than Previously Announced
Agricultural processor Archer Daniels Midland Co on Tuesday said it will eliminate 20 percent more jobs than previously expected to reduce costs.
Columbus Circle Condo Sells for $19.4 Million [PHOTOS]
A condo in the shimmering twin towers at 25 Columbus Circle in Manhattan has sold for $19.4 million, according to city records.
Dell’s 4Q Results: Income Shy but Sales Beat Target
Dell, the No. 3, PC maker, reported fourth-quarter earnings two cents below estimates as revenue rose slightly above expectations.
Affirmative Action in Universities at Risk? Supreme Court to Weigh Race as Admissions Factor
The U.S. Supreme Court Tuesday took a case that aims to end race as a factor in college admissions.
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High Gas Prices: 5 Best Cars To Own
On Monday oil prices hit a nine-month high after Iran stopped exports to Britain and France. The new fear is that higher gas prices will be seen shortly. According to CNN, gas prices are already up nealy 9 percent from the start of the year. With gas prices already high and expected to explode even more, now is a better time than ever to take a look at fuel efficient cars. Car manufacturers like Honda and Toyota are advancing the mileage on their hybrid and electric vehicles. The gas pri...
Facebook and Goldman Sachs: Both Triumph Intellectual Property Disputes on Same Day
After clamoring for the number one spot when it came to endorsing Facebook’s initial public offering in the beginning of the month, Goldman Sachs lost to Morgan Stanley, and placed fourth among U.S. financial rivals. Although it wasn’t chosen as the social-networking giant’s main supporter, Goldman Sachs and Facebook may have more in common than some think. In the past week, both companies claimed victories in intellectual property lawsuits, according to BusinessWeek.
Retailers Showcase Mixed 2011 Results
A flood of earnings reports Tuesday morning showed a mixed bag for the broader economy, with select companies coming up short, though retailers generally enjoyed a bounce-back 2011.
iPad 3 Release: Is Microsoft Office for iPad Apple's 'One More Thing?'
In November 2011, Rupert Murdoch's tablet-only digital magazine The Daily discovered that Microsoft was planning to build a version of Microsoft Office for the iPad. On Tuesday, sources tell The Daily that the Microsoft Office app will soon be submitted to Apple for approval in its App Store.
Dell’s 4Q Results: Barometer on PC Sales Plus Services
Shares of Dell, the No. 3 PC supplier, have surged nearly 25 percent this year. Could investors be looking for the company to start surging in the services sector?
Hecla Mining Swings to Profit in Q4 on Higher Metals Prices
Hecla Mining Company (NYES:HL) turns to profit in the fourth-quarter supported by lower costs and higher metals prices. Hecla's shares jumped 7 percent in early Tuesday morning trading before trending down slightly.
Credit Card Debt Outweighs Emergency Savings for Many Americans
Only 54 percent of Americans have more emergency savings than credit card debt, according to a February study by Bankrate.com.
Alibaba Group Proposes $2.5 Billion Privatization of Alibaba.com
Alibaba Group, the Chinese e-commerce company, proposed on Tuesday to privatize its Alibaba.com division.
Skyrim Enters iOS Domain, Interactive Maps Released (Download Link)
Prima has released Elder Scrolls V: Skyrim game application tool for iPad and iPhone users.
Alibaba Offers to Take Listed Unit Private fo $2.5 Billion
Chinese e-commerce firm Alibaba Group has offered to take its Hong Kong-listed unit Alibaba.com private at a cost of around HK$19.6 billion ($2.5 billion), a move it said was not related to a possible deal with Yahoo Inc on buying back Yahoo's stake in the Chinese Internet giant.
Wal-Mart's 4Q Saw 1.5 Percent Rise in US Same-Store Sales
Wal-Mart Stores Inc., the world's biggest retailer, on Tuesday reported a 1.5 percent increase in fourth-quarter sales at its U.S. stores open at least a year.
Samsung Galaxy Note vs LG Optimus Vu: Battle of the ‘Phoneblets’
LG has officially unveiled Optimus Vu which, according to many, is a competitive reply to Samsung's newest smartphone, Galaxy Note.
Mountain Lion vs Windows 8: Top 5 Features That Show Microsoft is Inspired by Apple
With the increasing dominance of mobile devices, Apple and Microsoft are trying to mobilize their PC operating systems too. Apple has released a developer preview of its Mac OS X 10.8 operating system, nicknamed Mountain Lion, which brings popular apps and features from the iPad to the Mac and will accelerate the pace of OS X innovation.
Far Cry 3: New Gameplay Footage Shows Detailed Environment and Combat (VIDEO)
Far Cry 3 has recently released a five-minute gameplay footage.
Struggling Kingfisher to Return Aircraft; Pilots Quit, Shares Drop
Kingfisher Airlines Ltd plans to return some aircraft voluntarily to leasers after defaulting on payments and has seen a fresh exodus of pilots, local media reported. Kingfisher shares plunged as much as nearly 20 percent on Tuesday.
Chinese Court Orders Halt of Apple's iPad Sales: Trademark Dispute Intensifies
A Chinese court has ordered a local electronics vendor to stop selling the iPad, as part of the intensifying trademark dispute, which is threatening Apple to stop the sales of the popular tablet in the country.
Microsoft Accuses Google of Bypassing IE Privacy Settings
Microsoft accused Google of bypassing privacy protections in Internet Explorer, following accusations last week that Google was doing so in Apple's Safari browser.
China Telecom Contracts with Apple to Sell iPhones in China
China Telecom, the smallest of the country's three carriers, said on Tuesday it had signed an agreement with Apple Inc to sell iPhones in China, the world's largest mobile phone market.
Top Olympus Exec Found Dead in India Park: Report
A top executive of Japan's scandal-ridden Olympus Corp has been found dead in a park outside New Delhi, an apparent suicide, The Times of India said Tuesday, quoting police.
Foreign Investors Fear Japanese Banks May Hijack Olympus Board
Western investors in Japan's disgraced Olympus have accused its banks of trying to take control of the boardroom by stealth, amid media reports that the firm's major creditors are set to install their own appointees in the top jobs.
Presidents Day 2012: Controversy Engulfs Eisenhower Memorial
Along Washington, D.C.'s National Mall, an array of neoclassical monuments give tribute to the country's leaders. But a new arrival breaks the mold and has caused recent controversy.
Apple iPhone 5 Release Date Rumored for October 2012
Apple may release its next-generation iPhone -- presumably called the iPhone 5 -- in September or October 2012. Citing an Asian reliable source, Macotakara believes Apple is moving away from mid-year launches and leaning towards a 12-month iPhone upgrade cycle starting in the fall.
Carlsberg To Buy Brewer Baltika After Weak 2011 In Russia
Carlsberg (CARLB) announced on Monday it will assume full control of Baltika Brewery (PKBA), spending $1.5 billion to buy the Russian brewer outright, after losing market share in the nation last year and anticipating a flat European market in 2012.
The Pirate Bay: Banned in the UK?
Swedish filesharing website The Pirate Bay may soon be blocked in the UK after a London judge ruled that the site breaches copyright laws on a large scale, and that both the platform and its users illegally share copyrighted material, such as movies and music.
LightSquared Misses Inmarsat Payment
Satellite firm Inmarsat said LightSquared, a venture struggling to build a U.S. mobile broadband service with Inmarsat's spectrum, failed to pay a $56.25 million installment to the British company.
Barnes & Noble Prepares 8GB Nook Tablet, Currently #4 in Tablet Shipments
In an attempt to catch up to the No. 2 tablet manufacturer, Amazon, Barnes & Noble will soon launch a cheaper 8GB model of the Nook Tablet. The new device was first reported on by tech blog The Verge, which noted the Nook Tablet currently costs $50 more than the Amazon Kindle Fire. The tech blog said the device appears to be the same as a previous model, but with less onboard storage.
Samsung To Spin Off LCD Biz
Samsung Electronics will spin off its liquid crystal display division, dumping an unprofitable segment as the company shifts its focus towards thinner displays.
The Top 15 MPG Vehicles
For those purchasing a new car and looking to save on gasoline prices, here is a list of the top 15 fuel efficient cars out on the market, according to ConsumerReports.org.
Goldman Sachs, Advent to Buy TransUnion for Over $3 Billion
TransUnion Corp., the third largest provider of credit information to banks and consumers, said Advent International Corp. and Goldman Sachs Group Inc.'s private equity arm agreed to buy the company from Chicago's billionaire Pritzker family and local private equity firm Madison Dearborn Partners LLC for over $3 billion.
Inmarsat Goes after LightSquared for Missed Payment
The Reston, Va.-based closely held company failed to pay London-based telecommunications firm Inmarsat $56.3 million under a spectrum-cooperation accord, Bloomberg reported Monday. Inmarsat was providing wireless spectrum for the wireless network LightSquared wants to build out in the U.S.
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