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Brooklyn Tech Gets New Seed Stage Investor

Seed Stage Investor Sets up Shop in DUMBO
There's a new seed stage investor in town. Brooklyn Bridge Ventures, which set up shop at 20 Jay Street in DUMBO, is looking commit up to $500,000 and lead investments in seed and angel stage rounds for new internet-based companies.

George Lucas to Retire From Blockbuster Movies

George Lucas
In Hollywood, George Lucas is one of the pioneers who used the latest technology to bring amazing special effects in movies. The director, known for 'The Star Wars' saga and 'Indiana Jones' series, has now declared that he would not make any more blockbuster film, in his interview with New York Times, ahead of the release of new movie 'Red Tails.'
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St. Croix

Hovensa: Why Gas Prices Will Spike

A major Virgin Islands-based oil refinery partly owned by Hess announced on Wednesday that it was closing, news that has sent gas prices to seasonal highs.
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U.S. Economy Improves but Obstacles Remain

The number of Americans filing for new jobless benefits dropped to a near four-year low last week and factory activity in the mid-Atlantic expanded moderately, suggesting the economy carried some momentum into the new year.
Drake

Sundance 2012 Goes Big: Drake, Wiz Khalifa, Chris Rock and Spike Lee to Show

Throughout the festival, from Jan. 19 to Jan. 26, big names will grace the auditoriums of Park City, Utah, where the festival will take place. The music acts will include Drake, Wiz Khalifa, Jason Mraz, Cobra Starship, LMFAO and Afrojack. The Sundance Channel will host an after-party special featuring performances by Estelle and DJ Jesse Marco, after artist talks with Mary.J Blige and Mos-Def about the documentary Invisible War.
A man walks into the Morgan Stanley offices in New York

Morgan Stanley Beats Expectations With Cost Cuts

A pricey settlement over bond insurance pushed Morgan Stanley into the red in the fourth quarter, but the Wall Street bank still posted better-than-expected results, due to a focus on cost cuts and relatively strong performance in equities trading.
iBooks 2 App

Apple Debuts Interactive iBooks 2, Tools for Textbooks

Apple unveiled their latest attempt at shaking up what it sees as an industry in need of some technological innovation Jan. 19 when it announced iBooks 2, a do-it-yourself publishing kit for digital textbooks. It's meant to turn Apple's iPad into a learning tool and allow schools to begin building their own kinds of content including text, images and video.
american express

American Express Earnings Preview: Upside Surprise in 4Q?

American Express Company (NYSE: AXP), the biggest credit-card issuer by purchases, is expected to beat Wall Street's consensus profit estimates, with earnings gains driven by stronger consumer spending and a diversified business model. This is sharp change from prior quarters when the company grew profits by dipping deeper into the company's reserve funds that were set aside to cushion against future losses.
or quick and easy e-book publishing, and the iTunes U platform for teachers to better communicate and sh

Apple Kills the Textbook with iBooks 2, iBooks Author

At the Guggenheim Museum in New York Thursday, Apple announced it would update its iBooks platform to include textbook capabilities and also added a new platform called iBooks Author, which lets anyone easily create and publish their own e-books.

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