U.S. online holiday shoppers break weekly sales record
For the U.S. e-commerce industry, last week was one for the record books. Online holiday shoppers spent $5.499 billion from December 13 to December 19, according digital trends tracking firm comScore.
The smart investment choice in 2011 will be Gold
When the return on savings is less than the rate of inflation it doesn't matter that gold doesn't provide you with an income. Tightly supplied and indestructible, it offers a natural and obvious alternative to cash. Inflation expectations are rising as 2011 begins.
Ground Zero health bill passes Senate
The long fight for healthcare and compensation for Ground Zero workers is finally over. The U.S. Senate today passed the James Zadroga 9/11 Health and Compensation Act by unanimous consent.
Former law firm partner charged with helping Starr operate Ponzi scheme
The Securities and Exchange Commission (SEC) has charged Jonathan Bristol, a former law firm partner, with aiding and abetting Kenneth Ira Starr's Ponzi scheme by allowing Starr to use his attorney trust accounts as conduits for transferring the funds stolen from Starr's clients to Starr and his two companies for personal use.
Breaking: Skype Says It’s Back Up; Explains Downtime
The company says it's returning to normal and that the problem was offline supernodes.
Technology Of the Decade: High-Speed Internet By A Nose
A recent survey from Zogby International says the majority of Americans think high-speed internet was the most impactful technological innovation of the last 10 years.
Finger Bone Rewrites Story Of Human Origins
A finger bone found in Siberia shows Neanderthals weren't the only ones we shared the Earth with.
START Treaty ratified by U.S. Senate
The arms reduction treaty between the United States and Russia was approved by the U.S. Senate today, in a 71 to 26 vote.
Bed Bath sees strong holidays
Bed Bath & Beyond beat quarterly profit estimates and gave a strong outlook for the period covering the holidays as U.S. consumers spent more on their homes, sending its shares up.
Senators reach deal on Ground Zero bill
Sens. Kirsten Gillibrand and Charles Schumer, D-NY, have announced that the Senate has reached a deal to pass the James Zadroga 9/11 Health and Compensation Act, which will provide $6.2 billion for permanent healthcare and compensation for the approximately 20,000 Americans who are suffering from illnesses contracted while working at Ground Zero in the weeks following the terrorist attacks.
Six banks return $2.7 billion to Treasury
Six bank holding companies repaid a total of $2.7 billion in federal bailout funds they received during the financial crisis, the Treasury Department said on Wednesday.
Bed Bath profit tops Street; to buy back shares
Bed Bath & Beyond reported a better-than-expected quarterly profit as U.S. consumers spent more on their homes.
TerreStar, Creditors Settle On Bankruptcy Plan
TerreStar Networks and its creditors have come to an agreement on the plan to get the company out of bankruptcy, though some obstacles remain.
DADT repeal to take effect in months: Obama
President Barack Obama said on Wednesday that implementation of a repeal of the Don't Ask, Don't Tell policy would be a matter of months.
Chemical makers upbeat on 2011, wary on Obama
Stronger consumer appetites for clothes, cars and electronics should fuel higher profits among U.S. chemical makers next year, even as executives worry that regulations may hamper long-term growth.
Breaking: Skype Is Down
The popular free web based voice service is down for most of its millions of users.
Analysis: Chemical makers upbeat on 2011, wary on Obama
Stronger consumer appetites for clothes, cars and electronics should fuel higher profits among U.S. chemical makers next year, even as executives worry that regulations may hamper long-term growth.
France wants closer euro zone economic policy: report
France wants all 16 euro zone governments and any other interested European Union members to coordinate their economic policy more closely in the future, Economy Minister Christine Lagarde told a German newspaper.
Skype hit by outage, recovery taking hours
Internet phone and video service Skype went down in a global service outage on Wednesday, underscoring a weakness of the free online communication tool.
Six financial firms return $2.7 billion to Treasury
Six financial firms that received capital injections as part of a broad-based bailout during the 2007-2009 financial crisis have repurchased the investments, the Treasury Department said on Wednesday.
Outage takes out Skype, recovery taking hours
Internet phone and video service Skype went down in a global service outage on Wednesday, underscoring a weakness of the free online communication tool.
NATO Turns To IBM For Cloud Computing
IBM will provide cloud computing software that will consolidate and integrate technology capabilities for critical command and control programs at NATO.
Home sales bounce back, 3rd-quarter GDP raised
Sales of previously owned homes rose in November, offering the latest sign the economy was ending the year on a more solid footing after a sluggish third-quarter.
Cost control lifts Walgreen profit
Walgreen Co posted higher-than-expected earnings by keeping costs in check and better managing its discounting, and its shares rose as much as 9 percent to their highest level since last year.
Bank shares help keep alive year-end rally
The S&P 500 rose on Wednesday to its highest level since the collapse of Lehman Brothers, led by bank stocks that have leapfrogged other sectors in December.
Hedge fund manager Falcone sued over stock swap
A lawsuit filed against Philip Falcone charges that the investor took advantage of his position in engineering a stock swap between his hedge fund and a small publicly traded company that he also controls.
Hunger and homelessness stalk U.S. cities
With the Great Recession continuing to take a toll on America’s middle class, it should come as no surprise that homelessness and hunger remain tough problems for America’s cities, as the annual report by the U.S. Conference of Mayors points out.
Teradata's $525 million acquistion of analytics firm Aprimo heats up data war with IBM
Data warehousing company Teradata announced its acquisition of cloud-based integrated marketing software maker Aprimo for $525 million to boost its analytics portfolio to counter Oracle, IBM and Microsoft.
Third-quarter GDP raised, home sales bounce back
Sales of previously owned U.S. homes rose in November, offering the latest sign the economy was ending the year on a more solid footing after a sluggish third-quarter performance.
Corrected: Wall St hovers at highs; profit-taking eyed
(In Dec 17 item, corrects Michael Gault's attribution to Weiser Capital Management in paragraph 9)