Avnet sees weak Q1 as new orders slow
Technology distributor Avnet Inc reported fourth-quarter revenue below market estimates as concerns over slowing economic growth led customers to be cautious with new orders, and projected a weak first quarter.
Amazon's Kindle Cloud Reader Leaps Over Apple's In-App Rules
Wednesday morning, Amazon has launched Kindle Cloud Reader to circumvent Apple's new in-app subscription rules. Kindle Cloud Reader is an HTML5-based reading app, which allows users to read their Kindle e-books from Chrome and Safari, without requiring any download or installation.
Facebook Messenger Soars in Popularity; Added Trouble for RIM?
What could Facebook Messenger's early popularity mean for RIM.
Samsung's Celox 4G LTE Matches Droid Bionic Features to the Hilt
While Motorola was basking in the buzz that has been created around its upcoming Android device, the Droid Bionic, Samsung has thrown down the gauntlet in the 4G race, with rumors of a 4G LTE Samsung Galaxy look-alike Android phone called, the Celox, doing rounds in Korea.
Groupon cuts marketing costs, hiring costs jump
Groupon Inc's second-quarter loss more than doubled as it hired more than 1,000 new employees, even though the Internet daily deals company trimmed back its marketing costs.
Sun Emits New Pattern of Solar Flares Scheduled to Last for Nine Years
A new solar flare Tuesday is the biggest in several years and is part of a pattern of solar storms scheduled to last until 2020, experts say.
Wall Street slumps on worries over French banks
Wall Street stocks fell sharply on Wednesday on fears over possible trouble in the French banking sector that has large exposure to shaky peripheral European debt.
Warren Jeffs Likely to Remain Leader of Polygamist Church
Polygamist leader Warren Jeffs, who was sentenced to life in prison Tuesday for sexually assaulting an underage follower he married in a "spiritual marriage," will probably continue to lead his church while he is in prison. Jeffs, the head of the Fundamentalist Church of Jesus Christ of Latter Day Saints, also received a 20-year sentence for sexual assault on a 15-year-old girl.
Groupon cuts marketing spending, hiring costs jump
Groupon Inc's second-quarter loss more than doubled as it hired more than 1,000 new employees, even though the Internet daily deals company trimmed back its marketing costs.
Justin Bieber and Selena Gomez Statue, Not The First Controvery For The Artist [PHOTOS]
Justin Bieber and Selena Gomez have joined the catalog of controversial and just plain strange sculptors by artist, Daniel Edwards. He is known for depicting pop culture through his art in symbolic and unconventional ways. He has made headlines for his Paris Hilton sculptor, which featured the heiress dead and awaiting an autopsy. Her live dog climbs over her. Suri Cruise, daughter of Tom Cruise and Katie Holmes, was also targeted by the artist. He made a piece that featured Suri's first poop...
Samsung Galaxy R: First Nvidia Dual-Core Smartphone [VIDEO]
Samsung and Nvidia have teamed up for the latest Galaxy Android smartphone and it officially debuted Wednesday. This is the first Samsung Galaxy smartphone to feature Nvidia's Tegra 2 dual-core processor.
Checkpoint Systems under pressure to seek strategic review
Checkpoint Systems Inc, maker of merchandise protection products for retailers, is expected to receive a letter from activist investor MMI Investments LP on Wednesday, requesting the company seek a strategic review, according to the contents of the letter obtained by Reuters.
Maternal Blood Test Detects Fetal Sex in 7 Weeks, Raises Ethical Concern
Boy or Girl? A controversial new blood test, not yet available in the U.S. could determine a fetus' sex as early as seven weeks for soon-to-be parents.
Analysis: Under Fire, Obama Struggles to Instill Confidence
President Barack Obama is getting hammered on all sides for a stumbling U.S. economy and his uneven response to it, raising pressure on him to take steps to create jobs or risk being ousted in next year's election.
Justin Bieber, Hollywood Diva: But Can You Blame Him?
The 17 year-old singer shot up to fame and fortune extremely fast. His attitude and behavior is the outcome of being spoiled by all the people and fans around him. Everyone loves him, follows his every move, pays attention to his every thought on Twitter and sells out his concerts in minutes. Who wouldn't have a big head at that point? But hope is still alive for Bieber to readjust his behavior.
Prosecutors seek as much as 24-1/2 years for Rajaratnam
Prosecutors asked a federal judge to sentence Raj Rajaratnam to as much as 24-1/2 years in prison, calling the Galleon Group hedge fund founder arguably the most egregious violator of insider trading laws ever to be caught.
U.S. mortgage applications rose last week: MBA
Applications for U.S. home mortgages rose last week as interest rates fell to their lowest level this year, an industry group said on Wednesday.
Toshiba: chip business could fall short of forecast
Toshiba Corp, the world's No.2 maker of flash memory, on Wednesday warned that profits in its chip business could fall short of expectations, citing weak PC sales, faltering U.S. and European economies and a higher yen.
'Angry Birds' Targeting Baby Products
Have you thought about wrapping your newborn up with an Angry Birds blanket? Now that is about to come true. Rovio, the developer of the smash hit casual game Angry Birds, has signed a new licensing deal with SwaddleDesigns, which specializes in the manufacturing of baby products. This move comes after Rovio's foray into toys paid off.
Anonymous Vow To Kill Facebook Most Likely a Hoax, IT Expert Says
Reports suggest that hacker group Anonymous announced to take down Facebook in November, pointing to a two-week old YouTube video which went viral this week. To make the situation more interesting, the news of the politically motivated hackers to kill Facebook is deemed fake by security experts.
Why Wal-Mart's Vudu for the iPad is Not an App
Wal-Mart has joined Amazon in skirting Apple's revenue sharing rules by offering Vudu for the iPad on the browser, rather than an app.
Oil Leads Rebound on Fed Pledge; Growth Woes Aid Gold
Oil led a rebound among commodities on Wednesday as investors went bargain hunting for riskier assets after the U.S. Federal Reserve promised to extend near-zero interest rates for two more years.
Analysis: Fed hawks shriek on sidelines, doves carry day
So much for the vaunted Federal Reserve consensus.
Stunning Pictures of Emma Watson
Most stunning pictures of Emma Watson
U.S. stock futures signal dip as rally fizzles out
Stock index futures pointed to a lower open on Wall Street on Wednesday following the previous session's rally, with futures for the S&P 500 down 1.0 percent, Dow Jones futures down 0.9 percent and Nasdaq 100 futures down 0.9 percent at 4:33 a.m. EDT.
Montreal Masters - Murray Defeat Clears Nadal's Path
Andy Murray's preparations for the US Open were dealt a huge blow by South African Kevin Anderson at the Montreal Masters.
S&P balks at SEC proposal to reveal rating errors
Standard & Poor's, whose unprecedented downgrade of U.S. debt triggered a worldwide stocks sell-off, is pushing back against a U.S. government proposal that would require credit raters to disclose significant errors in how they calculate their ratings.
Stock futures fall after snap-back rally
Stock index futures fell on Wednesday after a sharp snap-back rally in the last session and as investor fears about the economy and high levels of public debt looked set to generate more volatile trading.
Chelsea Transfer Rumours - Modric, Benayoun, Torres and Gaurin
Such is Chelsea's desire to sign Luka Modric that they're prepared to offer Yossi Benayoun to Tottenham - the only Chelsea player who has shown chemistry with the yet-to-impress striker Fernando Torres.
Stock futures dip after snap-back rally
Stock index futures fell on Wednesday after a sharp snap-back rally in the last session as investor fears about the economy and high levels of public debt looked set to generate more volatile trading.