Polycom Stock Plunges 22 Percent on Lower Earnings
Communications company Polycom, Inc.'s stock dropped by over a quarter on Thursday, in the wake of the company's third quarter earnings report, which missed analysts' expectations.
New York Times Company Reports $15.7M Profit
The New York Times Company on Thursday announced a third-quarter profit of $15.7 million, buoyed by 324,000 paid subscriptions to its Web site. The online gains offset an 8.8 percent drop in ad revenue.
Thousands of Sharks Slaughtered Near Colombia
Around two thousand sharks were slaughtered for their fins at Malpelo wildlife sancutary near Colombia, according to authorities.
Cuomo Selects Patrick Foye as New Port Authority Director
New York Governor Andrew Cuomo has nominated Patrick Foye, a top economic advisor, as executive director of the Port Authority, the bi-state agency responsible for regional bridges, tunnels and airports.
Six New York Skyscrapers That Will Top 1,000 Feet
Six New York Skyscrapers That Will Top 1,000 Feet
Consumer Price Index Increases 0.3 Percent in September
The Consumer Price Index (CPI) increased by 0.3 percent in September, according to data released on Wednesday by the U.S. Bureau of Labor Statistics.
CMJ Music Marathon Descends on New York, Grows up
The CMJ Music Marathon kicks off in New York on Tuesday, with 1,300 bands descending on dozens of venues throughout Manhattan and Brooklyn. The dense five-day schedule festival has become an annual ritual for unknown artists hoping to gain a crucial blog post or accolade that will propel them to internet stardom, however brief.
Apple Misses Earnings Expectations, Stock Falls 5%
Apple had a net income of $6.62 billion and revenue of $28.27 billion, or $7.05 per share, less than the $7.38 per share and revenue of $29.69 billion predicted by Wall Street.
Soulja Boy Arrested for Marijuana, Handgun Possession
Rapper Soulja Boy was arrested after police found marijuana and weapons early Tuesday in a rented car in Temple, Ga.
Goldman Sachs Q3 Loss is Greater than Forecast
Goldman Sachs reported a third quarter loss of $393 million on Tuesday, marking only the second time the investment bank has had an unprofitable quarter since going public in 1999.
Con Ed Seeks $1.7 Million in Rent from Park51 Developer, Threatens Eviction
Consolidated Edison is seeking $1.7 million in back rent from the developer of the Muslim community center and mosque near Ground Zero, the latest setback for the controversial project, known as Park51.