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Yahoo buys blogging platform Tumblr for $1.1 bn cash

Mon, 20 May 2013 17:40:57 -0400

NEW YORK - Yahoo promised "not to screw it up" as it formally announced its acquisition of the popular Tumblr blogging platform for $1.1bn in cash, giving the company a much-needed base in social media to reach a younger generation of users. The relaxed wording of the memo for one of the internet giant's biggest acquisitions was echoed in the memo sent by David Karp, Tumblr's 26-year-old ...

New business jet Challenger 350 launched by Bombardier

Mon, 20 May 2013 17:11:21 -0400

GENEVA - Canadian aeroplane maker Bombardier has expanded its leading Challenger family of business jets with the launch of the new Challenger 350 aircraft in collaboration with global leader in private aviation, US firm NetJets. The launch on Monday was held at a special event here at the European Business Aviation Conference and Exhibition (EBACE). Bombardier said deliveries of the ...

Microsoft expected to reveal next-generation Xbox at headquarters presentation

Tue, 21 May 2013 12:14:14 -0400

In this June 18, 2012 photo, Microsoft CEO Steve Ballmer comments on Microsoft Xbox before unveiling its new Surface, a tablet computer to compete with Apple's ...

Indexes edge higher on Wall Street in midday trading eyes on Federal Reserve moves

Tue, 21 May 2013 12:14:09 -0400

NEW YORK - Stock indexes are edging higher in midday trading on Wall Street as investors look ahead to the Federal Reserve's next moves. The Dow Jones industrial average was up 32 points at 15,367 at noon Eastern Daylight Time Tuesday, a gain of 0.2 percent. The Standard & Poor's 500 index was up a point at 1,667, or 0.08 percent. The Nasdaq composite was up two points at 3,498, ...

GM to invest $44.5M in Lansing Cadillac factory creating 200 jobs

Tue, 21 May 2013 12:14:07 -0400

DETROIT - General Motors says it will invest $44.5 million at a Lansing, Mich., factory, creating 200 new jobs. The automaker says it will build a 400,000-square-foot building next to the Lansing Grand River plant to assemble parts and put them in the right order for manufacturing. The factory already employs more than 1,500 hourly and salaried workers who make the Cadillac ATS and CTS luxury ...

Mall deals Memorial Day sales

Tue, 21 May 2013 12:13:15 -0400

Memorial Day is not only about honoring our soldiers, but getting ready for full-swing summer. Retailers are heralding the arrival of their new summer lines with sales and other promotions. Women and kids can save up to 40 percent at Nordstrom in Fashion Valley, tech lovers can get everything from clip cases to projectors for their iPads and iPhones at Brookstone stores, and IF Digital is ...

Tech Stocks Apple weighs down techs Yahoo gains

Tue, 21 May 2013 12:07:12 -0400

SAN FRANCISCO (MarketWatch) -- Tech stocks mostly slipped to the red in early trades on Tuesday morning, weighed down by a drop at Apple Inc. prior to CEO Tim Cook taking the stand at a congressional hearing in Washington, ...

Bond Report Treasurys tip down ahead of Fed speeches

Tue, 21 May 2013 12:07:11 -0400

NEW YORK (MarketWatch) -- Treasurys traded lower Tuesday morning as the government-bond market waits on pins and needles for guidance on the Federal Reserve's monetary plan going ...

Whats Behind The BrandZ Top 100 Ranking And Seemingly Unbeatable Apple

Tue, 21 May 2013 11:54:09 -0400

Strong brands impact much more than revenues and profit margins: They can drive competitive advantage, command a price premium and bolster a company's resilience to crises. The intense competition among the most valuable brands in some of the categories in the 2013 Millward Brown Optimor BrandZ Top 100 ranking - released today - affirms the impact a brand's strength has on its value, ...

Privatization and Private vs. Public Profits

Tue, 21 May 2013 11:54:08 -0400

privately operates public parks , reducing their cost of operation so that they can stay open using only the user fees paid at the gate, rather than requiring a public tax subsidy to stay open (subsidies that are drying up in most states). The agencies we work for retain control of the land, its character, and its preservation so that we operate within very tight boundaries and cannot (as is ...

Yahoo Could Run Away From Microsoft Into Googles Waiting Arms

Tue, 21 May 2013 11:54:08 -0400

For Yahoo! this is a big deal as search ads makes up approximately 14% of the company's value and, though its search ad revenue has increased, its revenue per search metrics are below industry ...

Why Microsoft Needs To Focus On Video Games At Its Xbox Announcement Today

Tue, 21 May 2013 11:54:08 -0400

Microsoft will announce its next Xbox video game console today which will likely be called the Xbox Infinity if recent leaks are to be believed. The company is already trading at a five-year high and analysts are predicting a jump in share price after the unveil. My hope is that Microsoft bucks expectations and focuses its announcement primarily on video games rather than non-gaming ...

Employers Can Minimize Their Exposure To Obamacares Health Insurance Mandate By Offering Low-Cost Skinny Coverage

Tue, 21 May 2013 11:54:08 -0400

Dallas-based Tex-Mex restaurant chain El Fenix says that it will offer limited insurance coverage to its 1,200 workers, covering prescription drugs, preventive care, and physician visits, in order to gain eligibility for the weaker version of Obamacare's employer mandate. Last week, ...

A Lot More Important Than Just A Slap In The Face For Jamie Dimon

Tue, 21 May 2013 11:54:07 -0400

The mature reaction to this vote - significant minority though it appears to be - would be for Dimon and the board to work towards actually splitting the roles voluntarily and recognize that divesting Dimon of his chairmanship does not affect either his power or influence. But given the "I'll resign if you vote against me" tenor of this debate from JPMorgan's side I can't ...

Once Reserved For Drug Crimes Wiretapping Takes Center Stage in White Collar Prosecutions

Tue, 21 May 2013 11:54:07 -0400

When the Omnibus Crime Control and Safe Streets Act (the "Act") was passed in 1968, proponents lauded the Act as a new weapon against organized crime and its growing involvement in the importation and distribution of narcotics. For the first time, federal law enforcement was permitted to wiretap conversations of criminals with suspected involvement in a variety of serious offenses, ...

Macys Excitement is Everywhere

Tue, 21 May 2013 11:54:07 -0400

Suddenly there is excitement at Macy's as the company is featuring some very innovative, exciting new customer-centric all-store events saluting "American Icons." This is a great idea because it encourages expression of patriotism and pride in American merchandise and it is wrapped up in treasured images of United States customs. In its initial double page advertisements ...

9th Circuit Ruling Issued In Midst Of Debate Over Federal Agency Sue-and-Settle Tactics

Tue, 21 May 2013 11:54:07 -0400

Seal of Oklahoma. (Photo credit: Wikipedia) Complying with notice-and-comment and other due process requirements is expensive and time-consuming for federal agencies. Those procedural duties also make agencies accountable to the public and regulated entities. So it's no surprise that regulators avoid formal rulemaking like the plague. As we've spotlighted ...

Are Sports Fans Pro Choice

Tue, 21 May 2013 11:54:06 -0400

This is not a trick question, just a different context. As a general proposition, don't we all want options? Yes, I submit. And the same is true when we want sports programming. So allow me to posit a hypothetical. Let's assume we have one company that provides all the sports programming for college and professional football and basketball. This company has lobbied effectively to ...

Carl Icahn And Herbalife Are Crushing Bill Ackman

Tue, 21 May 2013 11:54:06 -0400

William Ackman has been conducting a high-profile short promotion against Herbalife, calling the nutritional supplements seller a pyramid scheme and betting heavily that its stock would fall. As recently as Monday, Ackman's public relations machine was email blasting a Hispanic Federation letter urging the Federal Trade Commission to conduct an investigation into Herbalife's alleged ...

Coca-Colas Frank Statement a Slick Move to Stave Off Regulation

Tue, 21 May 2013 11:54:06 -0400

new PR blitz complete with full-page ads, press events and appearances on TV news programs, all aimed at showing the world that Coke folks are good corporate citizens that care--really care--about the global epidemic of diabetes, obesity and related chronic health problems. Yes, the company seems to be saying, we understand there's a problem and we're willing and eager to do our part. ...

Oman Project Is A Step Toward The Ikea Of Solar

Tue, 21 May 2013 11:54:05 -0400

GlassPoint installation in Oman, with oil rigs in background (Credit: GlassPoint) In the desert of southern Oman, near the border with Yemen, 4 acres of glass houses catch the sun. They sit in the Amal West oilfield, operated by Petroleum Development Oman. But these glasshouses aren't growing tomatoes, or any other crop, rather they are making steam. When it comes to developing its oil ...

Do Corporations Owe Anything To Bangladeshi Victims

Tue, 21 May 2013 11:54:05 -0400

trends to task. He posits that it is the job of domestic governments to regulate safety and that corporations muddle their goals by worrying about the environment, sustainability and community. But there are several capitalistic arguments in favor of business enterprises voluntarily adopting many of the principles entailed in Corporate Social Responsibility (hiring the best people for the job ...

NewsWatch Betting on a Summer Rally

Tue, 21 May 2013 10:47:02 -0400

Just hold on until this weekend, you worrywarts. Memorial Day marks the official beginning of summer, when the much-vaunted Summer Rally will keep this powerful bull market ...

Flickr users to Flickr We hate the new site

Tue, 21 May 2013 10:44:06 -0400

(Credit: Screenshot by Lance Whitney/CNET) Flickr users don't seem too happy about the new layout, at least according to a heavy dose of comments posted on the site's help forum. On Monday, Flickr's parent ...

Lawmakers lambaste Apples tax strategy as outrageous

Tue, 21 May 2013 10:44:05 -0400

As CEO Tim Cook prepares to testify before a congressional subcommittee, Senators portray Apple has having exploited tax loopholes to escape paying its fair ...

Kyocera looks to create multi-headed Hydro

Tue, 21 May 2013 10:44:04 -0400

(Credit: Lynn La/CNET) LAS VEGAS -- Kyocera is looking to capitalize on one of the phones that has been a quiet success story for the company. The Kyorcera Hydro has been one of the top 10 selling smartphones each month since its launch in August, according to ITG Majestics. The company is looking to build on the Hydro name with the introduction of two new phones, the ...

Pandora now lets you listen to albums before theyre released

Tue, 21 May 2013 10:44:03 -0400

(Credit: Pandora) Dying to listen to the new Kanye West album before it's for sale? You just might be in luck. Pandora, the music streaming site and app, on Tuesday ...

Sprint ups bid on Clearwire to $3.40 per share to outbid Dish

Tue, 21 May 2013 10:44:02 -0400

announced that it has revised its $2.97-per-share offer for Clearwire to $3.40 per share. The increased offer represents a 14 percent premium on the company's previous offer, valuing the company at $10.7 billion. More importantly, it's 10 cents higher than the $3.30 offer made by Dish. Sprint already owns approximately 50 percent of Clearwire. The company had previously said that its ...

United Restarts 787 Dreamliner Flights

Tue, 21 May 2013 10:39:32 -0400

(CBS/AP) – United Airlines has its 787 dream liners back in the air, four months after the FAA grounded them because of an overheating battery issue. WBBM’s Steve Miller was at O’Hare when the first flight came in from Houston this afternoon. On board the flight was a 17-year-old aviation blogger named Jack Harty, who lives in Houston and writes for Airways Magazine. Harty ...

Market Snapshot U.S. stocks rise with Fed speakers on tap

Tue, 21 May 2013 09:56:55 -0400

NEW YORK (MarketWatch) -- U.S. stocks rose on Tuesday, with investors expected to scrutinize speeches by two Federal Reserve officials for any clues as to when the central bank may begin to scale back its $85-billion-a-month asset-purchase ...

Movers Shakers Tuesday’s movers Medtronic Carnival

Tue, 21 May 2013 09:56:54 -0400

NEW YORK (MarketWatch) -- Shares of J.P. Morgan, Yahoo and Apple attracted investor attention in premarket trade on Tuesday. Shares of Medtronic Inc. rose while Carnival Corp. shares ...

The Syrian Regimes New Offensive

Tue, 21 May 2013 09:51:01 -0400

Syrian troops celebrate as they take control of the village of Haydariyah, some seven kilometers outside the rebel-held city of Qusayr, on May 13, 2013. (Image credit: AFP/Getty Images via @daylife) battle for the highly coveted Homs ...

Is Authentic Executive Presence An Oxymoron

Tue, 21 May 2013 09:51:01 -0400

Zappos CEO Tony Hsieh makes authentic presence look easy. Why is it so hard for the rest of us? (Photo credit: Wikipedia) Several years ago when my book was in development, I proudly shared the working title -- Authentic Executive Presence -- to a long-time friend. She's spent her career successfully navigating large pharmaceutical companies, earning increasing roles and responsibilities. ...

Mitch Joel How To Reboot Your Business And Your Life

Tue, 21 May 2013 09:51:00 -0400

Twist Image , an award-winning Digital Marketing and Communications company. Marketing Magazine dubbed him the "Rock Star of Digital Marketing" and called him, "one of North America's leading digital visionaries." His newspaper business column, New Business - Six Pixels of Separation, runs bi-monthly in both The Montreal Gazette and Vancouver Sun and he also has a regular ...

3 Tips For Women To Improve Their Body Language At Work

Tue, 21 May 2013 09:51:00 -0400

93 percent of our communication is nonverbal. This means that our body language, facial expressions and other nonverbal behavior is even more important than our verbal content -- yet most people don't even think about what their body language is saying to others. As a result, many women don't ever realize how much their body language is holding them back at work. I recently did body ...

Culture of Purpose Is Key To Success According To New Research From Deloitte

Tue, 21 May 2013 09:51:00 -0400

survey just released by Deloitte. Yet, businesses are still not doing enough to create this sense of purpose and make a positive impact on all stakeholders. In fact, according to the report, 91% of respondents who said their company has a strong sense of purpose also said their company has a history of strong financial performance. However, 68% of employees and 66% of executives believe ...

3 Ways Wearable Tech Can Make You More Profitable

Tue, 21 May 2013 09:51:00 -0400

Wearable technology is well on its way to a pervasive consumer reality. Imagine purses with smartphone chargers. Jackets that automatically cool you down or warm you up as the weather demands. Smart Shirts that monitor your heart rate and vital signs with embedded programming that can make an automatic call for medical help. Thus far, wearable tech has made the greatest initial advances in ...

New Asthma Drug Generates Excitement For Patients -- And Its Maker

Tue, 21 May 2013 09:50:59 -0400

Regeneron Chief Scientist George Yancopoulos An experimental asthma drug could give new hope to patients for whom existing medicines are not enough and give yet another boost to Regeneron Pharmaceuticals, the company developing it, which has seen its shares rise 376% in the past two years, inching several of its executives toward billionaire status. Nearly 25 million Americans - 8% of the ...

Merger Monday -- Yahoo GrubHub Websense But What About Twitter and Microsoft

Tue, 21 May 2013 09:50:59 -0400

and Tumblr, Seamless North America and GrubHub, and Vista Equity Partners announced acquisition of Websense. Stand alone deals are always interesting given the potential response - some companies do nothing, others quickly put other companies into play while others up the ante for an existing transaction. Historically, however, big acquisitions tend to realize the big synergies -- better known ...

A.M. Kitco Metals Roundup Gold Weaker On Corrective Pullback From Late Rally Monday

Tue, 21 May 2013 09:50:58 -0400

Comex gold futures prices are moderately lower in early U.S. trading Tuesday. The market is seeing a downside technical correction following a surge higher in late trading Monday. The stronger U.S. dollar index Tuesday is also a negative for the precious metals markets. Comex June gold last traded down $11.90 at $1,371.80 an ounce. Spot gold was last quoted down $22.10 at $1,372.50. July Comex ...

Pharmas RD Deals With Foundations May Negatively Impact Image

Tue, 21 May 2013 09:50:57 -0400

Dr. Mikael Dolsten, Pfizer's President of Worldwide Research, wrote a spirited response to my post. To be fair, Dr. Dolsten gave a number of reasons to justify this deal, including the need for breaking down silos that exist in pharmaceutical R&D, the evolution of a "networked R&D model", and the resolve to "solve serious medical challenges that no one actor can solve ...

Fat Chance Abercrombie CEO Mike Jeffries To Meet With Teen Protester

Tue, 21 May 2013 09:50:57 -0400

resurrected 2006 comments about the teen chain's exclusive courtship of "cool, good-looking" kids sparked a firestorm of objections and protests this month, might just be changing his ways. According to ...

US Agriculture Dept. Batey Relief Alliance is one of the best NGOs in developing countries

Tue, 21 May 2013 09:49:42 -0400

Santo Domingo. - The Batey Relief Alliance (BRA) received this past week high praises from the US Department of Agriculture (USDA). According to Margie Bauer, the agency's Attach for the Dominican Republic, Haiti and Jamaica, "BRA executed a US $2 million agricultural community development project using USDA Food for Progress funding. BRA is one of the best partners our office has had ...

Microsoft software satisfaction slumps

Tue, 21 May 2013 09:48:48 -0400

Customer satisfaction with Microsoft's software, primarily Windows, dropped slightly in the last year, likely part of the fallout over Windows 8, a national survey released today said. Microsoft scored 74 points, down a point from the year before, in the newest poll conducted by the American Customer Satisfaction Index (ACSI), a consumer survey started by the University of Michigan. The ...

Dimon Prevails in Early Count of Job Split

Tue, 21 May 2013 09:48:42 -0400

JPMorgan Chase appears to have been defeated, a source familiar with the preliminary tallies told CNBC, strengthening the hand of the bank's embattled chief, Jamie Dimon. Dimon - who in media reports raised the prospect of resigning if he lost his dual title - has been at the center of withering public scrutiny after a series of regulatory failures engulfed the bank. The widely publicized ...

Dimon Keeps Dual Role as Chairman and CEO

Tue, 21 May 2013 09:48:41 -0400

So Why did Dimon win? One answer may be that shareholders have done extraordinarily well in the past year. The bank's stock is up more than 56percent since May 2012, compared to the S&P 500's gain of 28.5percent. Long term shareholders who haveheld the stock since 2004 when JPMorgan Chase announced the merger with BankOne, then lead by Dimon, have seen a gain of just 33 percent, ...

Markets at Risk of a Big Data Crash

Tue, 21 May 2013 09:48:37 -0400

Regulators and investors are struggling to meet the challenges posed by high-frequency trading. This ultra-fast, computerized segment of finance now accounts for most trades. HFT also contributed to the "flash crash," the sudden, vertiginous fall in the Dow Jones Industrial Average in May 2010, according to U.S. regulators. However, the HFT of today is very different to that of three ...

UPDATE 5-Oil falls on concern about Federal Reserve direction

Tue, 21 May 2013 09:45:14 -0400

Tue May 21, 2013 9:45am EDT * Fresh conflict in Syria supports prices * Weak demand outlook, well supplied market weigh * Brent-WTI spread heading for lowest close in over two years * Coming Up: API weekly crude stock report at 2030 GMT (Updates prices, adds Syria-Israel clash in paragraph 10) By Simon Falush LONDON, May 21 (Reuters) - Brent oil futures fell towards $104 per barrel on Tuesday ...

Tech stocks Microsofts big reveal more Yahoo

Tue, 21 May 2013 09:42:42 -0400

Microsoft shares are barely moving this morning, but that could change following a major announcement. Let's take a look at the tech stocks to watch Tuesday. Microsoft welcomes the next Xbox. The tech ...

Best Buys sales come up short

Tue, 21 May 2013 09:41:08 -0400

Best Buy's sales fell more than expected in its fiscal first quarter, creating a speed bump for one of the year's best performing stocks among the S&P ...

The Obamacare myth about small business

Tue, 21 May 2013 09:41:08 -0400

That's a tiny fraction of small businesses. As of 2010, there were roughly 5.7 million small employers, defined as those with fewer than 500 workers. Some 97% of them have fewer than 50 employees. That means Obamacare's employer mandate applies only to 3% of America's small businesses. That's about 200,000 companies. The critics aren't convinced: ...

Three join Carey Giampa real estate team

Tue, 21 May 2013 09:37:23 -0400

HAMPTON -- Carey Giampa, Realtors is pleased to welcome Lauren Stone, Terri Brunette and Lisa Paquette to the firm’s staff of professional ...

Slide Show Oklahoma tornado slams hospital school in Moore

Tue, 21 May 2013 09:31:22 -0400

, near Oklahoma City, on Monday. The storm tore through that suburb, killing at least 51 people as winds of up to 200 miles per hour flattened entire tracts of homes, two schools and a ...

Microsoft’s Next-Gen Xbox to be More Than a Console

Tue, 21 May 2013 09:28:51 -0400

The technology giant will unveil its latest console tonight. The company managed to keep most of the details on the new Xbox a secret. A few hours ago, however, part of the heavy curtain was lifted ...

New Android app checks 4G coverage

Tue, 21 May 2013 09:28:30 -0400

(Credit: Brian Bennett/CNET) LAS VEGAS--Tapping into high-speed 4G networks is a real treat but sometimes a signal is hard to find. The new CellMaps Mobile Coverage app for Android is here to help. Announced today ...

Next Xbox shipments to ramp up in third quarter

Tue, 21 May 2013 09:28:28 -0400

Microsoft has made plans for dramatically increasing its supplier shipments of the next Xbox in the third quarter in anticipation of a fourth-quarter launch, according to one ...

ATT waives overage fees for Oklahoma tornado victims

Tue, 21 May 2013 09:28:27 -0400

bring in more of its resources to the affected area. "Our thoughts and prayers are with those affected by the tornado that hit the Oklahoma City area Monday," the company announced today. "We are coordinating with local authorities and bringing in additional resources. We recommend text messaging for communications with family, friends, and loved ones given heavy call ...

Microsoft falls in global brand ranking Apple still No. 1

Tue, 21 May 2013 09:08:44 -0400

Microsoft is No. 7 in the ranking of worldwide brands. Microsoft Corp. fell two spots in the worldwide ranking of most valuable global brands to No. 7, while Apple Inc. retained its No. 1 ranking. Apple's brand value is now worth $185 billion. Microsoft's (NASDAQ: MSFT) brand value fell 9 percent from last year to $69.8 billion. Amazon.com Inc. (NASDAQ: AMZN) moved up four spots in the ...

Self Help Africa Why Only Profits Can Cure Poverty

Tue, 21 May 2013 08:38:49 -0400

The importance of profiting from one's efforts ought to be an easy concept to embrace. It is why humans no longer live in caves. If an endeavor--any endeavor--produces more value than it consumes, it will not only pay for itself, but create the means for growth. In contrast, endeavors that persistently generate losses are destined to wither and die. Africa has long been a place where ...

Bored With Your Pencil Skirt. Try This One.

Tue, 21 May 2013 08:38:49 -0400

Denim. The leather jacket. A tailored trench coat. The difference between these wardrobe staples and fashionable flavors of the week is their potential for reinvention: The pencil skirt is no exception. Introduced by Dior in the 1940s, the pencil skirt (or "H-line," as it was then called) has survived three quarters of a century and abundant iterations. The pencil skirt of 2013 has a ...

At XBox Reveal Microsoft Hides A Priceless Asset

Tue, 21 May 2013 08:38:49 -0400

Xbox Live executive Marc Whitten introduces SmartGlass technology at the Microsoft Xbox E3 2012 (Image credit: AFP/Getty Images via @daylife) ...

Apples Profit Shifting Claims Were In Humpty Dumpty Territory Here

Tue, 21 May 2013 08:38:48 -0400

Today's the day that Apple's Tim Cook appears before the Senate Permanent Subcommittee on Investigations. The battle lines have been drawn, the statements issued, and the big questions is whether Apple has been profit shifting. The answer is, variously, yes, maybe, and no, depending upon what you mean by profit shifting. For we're rather in Humpty Dumpty territory here: it all ...

Federal Execs to Get Millions

Tue, 21 May 2013 08:36:47 -0400

Despite the sequester--huge cutbacks in federal spending that were mandated by law in March--some high-level Federal executives are scheduled to get millions of dollars in bonuses, unless there's a law to stop ...

Carnival flounders after profit warning

Tue, 21 May 2013 08:29:50 -0400

Carnival said late Monday it now expects full-year revenue to be as much as 3% lower compared to the previous year. On top of that, trip cancellations and administrative costs are hitting the company's bottom line. Full-year earnings per share are expected to be as much as 30% below previous estimates, it said. Carnival has been cutting its cruise ticket prices in an effort to drum up sales. ...

Seniors losing savings to pension advance firms

Tue, 21 May 2013 08:29:49 -0400

A U.S. Senate committee is looking into pension advances to determine whether the deals come with "illegally high rates of repayment interest" and defraud ...

Microsofts Xbox revamp Is the sun setting on game consoles

Tue, 21 May 2013 08:29:10 -0400

With the rise of mobile and social games, the revival of PC gaming and a general proliferation of options for both developers and players, it's understandable why some are wondering whether consoles matter anymore. ...

Indications Stock futures drift lower ahead of Fed speakers

Tue, 21 May 2013 08:21:22 -0400

MADRID (MarketWatch) -- U.S. stock futures drifted lower on Tuesday with investors expected to look for more clues on any tapering of the Federal Reserve's easing program. Two Fed presidents with voting rights on the interest-rate setting committee are due to hit the ...

Irwin Kellner Consumers reach fork in the road

Tue, 21 May 2013 08:21:19 -0400

Lower interest rates have allowed large numbers of people to refinance their loans, sharply reducing their monthly payments. This, too, gives consumers the wherewithal for more ...

Fed President gives upbeat assessment of US economy

Tue, 21 May 2013 08:20:32 -0400

FX Market Overview Our hearts go out to the people of Moore, Oklahoma as they wrestle with the aftermath of a massive tornado and try to find those who are missing. In less than an hour, dozens of buildings were wiped off the map and at least 90 people lost their lives. I can't even begin to imagine the situation but we wish them all well with rebuilding homes, communities and lives, It was ...

LONDON MARKETS U.K. Stocks Extend Gains To 12-year High

Tue, 21 May 2013 08:20:15 -0400

LONDON – U.K.'s benchmark stock index flirted with a more than 12-year high on Tuesday, with mining firms recouping parts of the prior day's losses and Capita PLC rallying after contract news.The FTSE 100 index rose 0.2% to 6,765.09, building on gains from Monday, when the index closed at the highest level since September 2000.Shares of Capita jumped 7.1%, after the process ...

Nokia video ad touts Lumia 928s low-light camera

Tue, 21 May 2013 08:18:30 -0400

(Credit: YouTube/Screenshot by Lance Whitney/CNET) Nokia is out with another promo showing off the camera of its new Lumia 928 smartphone. A spot posted on YouTube reveals a series ...

How The Obama Gun Boom Pushed The Fortune Of Two Brothers To $1.2 Billion

Tue, 21 May 2013 07:29:53 -0400

Douglas C. Pizac/AP In March the National Rifle Association coordinated a demonstration against new gun legislation in Connecticut, the state where 26 children and staff were gunned down at an elementary school in December. Before boarding buses headed for the state capital, gun owners met up at a parking lot in nearby East Hartford-a parking lot owned by sporting goods ...

Leadership Lessons From The IRS

Tue, 21 May 2013 07:29:52 -0400

The IRS is nobody's favorite agency, for obvious reasons. The recent scandal hasn't improved their stature in the public eye. My colleague Russell Raath dug deep to find some leadership tips we can take from the IRS, signs of strengths they will need in order to weather this current ...

The Tech Innovator Who Almost Killed Saddam Hussein

Tue, 21 May 2013 07:29:52 -0400

Doron Kempel, CEO of SimpliVity. Photo by Michael Prince for Forbes. The sun was rising hot and full as members of Israel's most elite special forces unit approached a crowd in the middle of the desert. Disguised as Iraqis, the soldiers had landed two days earlier in helicopters hundreds of miles away and traveled in jeeps to this desolate outpost on one of the most controversial, risky ...

Home Depot Beats Helped by Housing

Tue, 21 May 2013 07:27:38 -0400

Home Depot reported higher-than-expected quarterly results and boosted its sales and profit outlook for the year, as the world's largest home improvement chain benefited from a nascent recovery in the U.S. housing market. Shares of the company rose 4.1 percent to $79.90 in trading before the market opened. Despite cooler-than-usual weather in many parts of the United States at the start of ...

Realtors Association Major Donor to Lansdale First PAC

Tue, 21 May 2013 07:17:22 -0400

Realtor Richard Strahm has some pull. The Democratic Lansdale Borough Council candidate in Ward Three is a member of the Montgomery County Association of Realtors, the Pennsylvania Association of Realtors and the National Association of Realtors, according to Lansdale First treasurer Denton Burnell. Thus, Suburban West Realtors ...

Gen Xers may never be able to retire

Tue, 21 May 2013 07:12:48 -0400

Typical Generation Xers now in their late 30s to late 40s saw their net worth drop by a larger proportion than older Americans during the financial crisis and came out of it less prepared for retirement than the post-World War II boomer generation, according to a new ...

Therese Polettis Tech Tales H-P investors ignore dour view on Wall Street

Tue, 21 May 2013 07:12:48 -0400

Hewlett-Packard CEO Meg Whitman faces a downbeat mood on Wall Street, but investors have still sent the tech giant's shares up more than 80% over the last six ...

Robert Powells Retirement Portfolio When advisers go from hero to zero

Tue, 21 May 2013 07:12:47 -0400

But let's say you take a financial problem, or your retirement goals, to two or three financial advisers. New studies show that you're unlikely to get the same, or even similar, recommendations about what investment products to buy or what strategy to pursue. And that could make a big difference in your financial ...

David Weidners Writing on the Wall Before you blame Cohen blame yourself

Tue, 21 May 2013 07:12:47 -0400

SAN FRANCISCO (MarketWatch) -- Wall Street is an enormous pressure cooker. Even in good times, such as the recent bull run of the stock market, the compulsion to squeeze every last nickel from every deal or trade is ...

Stocks to Watch Best Buy Home Depot are Tuesday’s stocks to watch

Tue, 21 May 2013 06:26:16 -0400

SAN FRANCISCO (MarketWatch) -- Tuesday is shaping up to be a big day for retail earnings, with Best Buy Co., Home Depot Inc. and Saks Inc. scheduled to release quarterly ...

gyroVoice The Most Important Brand Strategy Question What Would You Ask Elvis

Tue, 21 May 2013 06:20:58 -0400

A cropped photograph depicts singer Elvis Presley's bust. (Photo credit: Wikipedia) If you could go back in time to meet Elvis Presley and ask him only one question, what would that question be? Chances are, it would be thought provoking, provocative and help you to better understand who Elvis was and what made him tick--something undiscovered that uniquely defines who The King was or ...

8 Great Jobs That Dont Require A Four-Year Degree

Tue, 21 May 2013 06:20:58 -0400

great jobs that don't require a four-year degree . However, many of these positions do involve comprehensive training--and almost all offer a good salary and potential for significant income and employment growth. "There are many high school grads who simply can't afford four years of college, and rather than have them focus on what they're missing, our goal is to show them ...

How to Grow a Small Team Nine Hiring Best Practices

Tue, 21 May 2013 06:20:57 -0400

I have found significant value in connecting to, bouncing ideas off of, and seeking advice from other CEOs and management team members of startups and small business. Although we come from a breadth of industries, hiring is an exercise we universally consider to be a significant undertaking. It is a priority for all of us as we look to grow our companies. ...

SKAA Displacing Apple AirPlay As The New Premium Wireless Music Standard

Tue, 21 May 2013 06:20:57 -0400

Dr. Dre to thank for that. The majority of the wireless audio products use either Bluetooth or AirPlay to connect the device to the speaker or headphone. The problem is that both of those standards fall short on quality and ease of ...

How Teslas rivals support Tesla

Tue, 21 May 2013 06:12:24 -0400

Buying the credits are automakers that are concerned they won't able to meet tough new environmental regulations requiring that more than 15% of sales in the 11 states be zero-emissions vehicles by 2025. If they fall short of those sales goals, they can avoid penalties -- and bad publicity -- by buying credits from other automakers. Small automakers are not required to meet the rules. And ...

Make $30 an hour no bachelors degree required

Tue, 21 May 2013 06:12:24 -0400

$62,500 a year , and does not necessarily require a bachelor's degree. That's because companies can't meet all the demand for workers. The job is still too new, and the labor pool is not quite large enough yet. "There aren't enough bodies to fill all the seats," said Judi Wunderlich, co-founder of WunderLand, a Chicago recruiting firm specializing in digital, ...

Stocks Apple and Carnival may make waves

Tue, 21 May 2013 06:12:23 -0400

A report released Monday by Senators John McCain and Carl Levin criticized Apple for its use of obscure subsidiaries and accounting tactics to reduce its tax burden. Retailers are also in the spotlight, with results due before the opening bell ...

First it’s Sacramento then local Realtors travel to DC

Tue, 21 May 2013 06:09:04 -0400

Just back from meeting their state legislators in Sacramento early in the month, members of the Silicon Valley Association of Realtors trekked to Washington, D.C., last week, joining more than 9,000 attendees from across the nation at the National Association of Realtors midyear legislative meetings and trade ...

Metals Stocks Firmer dollar weighs on gold prices

Tue, 21 May 2013 06:04:49 -0400

LONDON (MarketWatch) -- Gold futures dropped on Tuesday, as a firmer dollar added pressure, partly erasing gains from the previous session that ended a lengthy string of ...

British inflation eases by more than expected

Tue, 21 May 2013 05:24:27 -0400

LONDON -; Official figures show that consumer price inflation in Britain eased in April, largely on the back of lower fuel prices and ...

Microsoft revealing next Xbox platform and vision for future of games

Tue, 21 May 2013 05:19:37 -0400

Technology News: A tented stage has been set up at the technology giant Microsoft's headquarters in the city of Redmond in Washington State for an "Xbox Reveal" event to play out just weeks before a major annual E3 videogame conference in Los ...

SBA starting new lending program for veterans

Tue, 21 May 2013 05:19:19 -0400

NEW YORK - The Small Business Administration says it has lined up pledges from more than 120 banks to increase lending to veterans.The agency said Tuesday it's starting a program, the SBA Veteran Pledge Initiative, aimed at increasing lending to veteran-owned businesses by 5 percent a year for the next five years. The 20 major banks known as SBA National Lending Partners are making the ...

Microsoft prepares to unveil new Xbox

Tue, 21 May 2013 05:16:47 -0400

PlayStation 4 in February, tech pundits are desperate to see what the latest next-generation console will look like. Although it's the entertainment services under the hood that will matter in the long run.One thing is almost certain, judged on technical specifications alone, the next Xbox is set to be very similar ...

Asia Markets Hong Kong Sydney stocks fall Tokyo ends up

Tue, 21 May 2013 04:57:43 -0400

HONG KONG (MarketWatch) -- Australian stocks declined, and Hong Kong equities snapped a three-day winning run on Tuesday, weighed by overnight losses on Wall Street and uncertainty over U.S. monetary ...

EUROPE MARKETS Europe Stocks Pause After Rally Carnival Sinks

Tue, 21 May 2013 04:56:52 -0400

LONDON – European stock markets dropped on Tuesday, taking a breather after climbing to multiyear highs in the prior day's session.The Stoxx Europe 600 index lost 0.3% to 308.79, retreating from the highest closing level since June 2008, reached on Monday.Shares of cruise-ship operator Carnival PLC (CCL) sank 14%, after the firm late Monday slashed its full-year guidance, saying ticket ...

Would Peter Drucker Wear Google Glass

Tue, 21 May 2013 04:07:50 -0400

Harvard's Rosabeth Moss Kanter once remarked that Peter Drucker was so farseeing, his "eyeglasses must contain crystal balls." With Google Glass, we all may be able to say the same thing about ourselves before long. Few products have ever been greeted with as much anticipation--and as much apprehension--as the wearable, Internet-connected specs, which ...

Former IRS commissioner heads to Hill amid scandal

Tue, 21 May 2013 04:03:09 -0400

The former head of the Internal Revenue Service heads to Capitol Hill on Tuesday, giving lawmakers their first opportunity to question the man who ran the agency when agents were improperly targeting tea party ...

Microsoft readies new Xbox as entertainment hub

Tue, 21 May 2013 04:01:42 -0400

Attendees play video games at Microsoft’s Xbox 360 display at the 2012 International Consumer Electronics Show at the Las Vegas Convention Center in Las Vegas, Nevada. AFP FILE PHOTO SAN FRANCISCO--Microsoft offers a glimpse Tuesday at a new-generation Xbox as videogame consoles evolve into home entertainment centers and adapt to competition from smartphones and tablets. A tented stage ...

Microsoft hopes on Xbox to change entertainment style

Tue, 21 May 2013 03:55:18 -0400

(53 mins ago) Microsoft offers a glimpse Tuesday at a new-generation Xbox as videogame consoles evolve into home entertainment centers and adapt to competition from smartphones and tablets. A tented stage has been set up at the technology giant's headquarters in the city of Redmond in Washington State for an "Xbox Reveal'' event to play out just weeks before a major annual ...

Metals Stocks Gold prices rise following up on ‘key reversal’

Tue, 21 May 2013 03:07:12 -0400

LOS ANGELES (MarketWatch) -- Gold futures rose in electronic trade Tuesday, building on gains from the previous session that ended a lengthy string of ...

First Impressions Dell XPS 18 Portable All-in-One

Tue, 21 May 2013 03:03:16 -0400

hasn't led the pack when it comes to inspired design language and eye-popping hardware. This isn't to say Dell hasn't been churning out reliable products, but nothing that's made an indelible impression or pushed the envelope. Two notable exceptions spring to mind, however: Last ...

Mary J. Blige Is Obliged To IRS

Tue, 21 May 2013 02:01:19 -0400

Mary J Blige (Photo credit: Wikipedia) Grammy winner Mary J. Blige is being chased for taxes again. Like mixing plaids and stripes, celebrities and taxes often seem to be in discord. Stars may make a lot of money, but they have big expenses and a complex lifestyle. And they often rely on managers and advisers to handle details most people handle themselves. Their handlers may not keep them ...

Futures Movers Oil futures seesaw U.S. inventories may decline

Tue, 21 May 2013 01:44:49 -0400

LOS ANGELES (MarketWatch) -- U.S. crude-oil futures wobbled between small losses and gains Tuesday, with the moves coming before data expected to show a drawdown in weekly oil ...

IBMs Watson Now A Customer Service Agent Coming To Smartphones Soon

Tue, 21 May 2013 00:56:16 -0400

emerged as a budding oncologist . Now Watson has a new job-as a customer-service agent with the mostest. The help desk is a bit of a step down from fighting cancer, but IBM is nothing if not pragmatic. U.S. organizations spend $112 billion on call center labor and software, yet half of the 270 billion customer-service calls go unresolved each year, presenting a fairly sizable opening for an ...

Why Im protesting against Gap over Bangladesh

Tue, 21 May 2013 00:48:00 -0400

"I own Gap clothing and I don't think it's acceptable that this is the cost," Mandavilli said. Protesters like Mandavilli are being galvanized into action by labor and socially conscious groups in the wake of the deadly ...

Here comes the thinner lighter iPad

Tue, 21 May 2013 00:38:04 -0400

(Credit: Apple) A full-size iPad that gets closer to the lean design of the iPad Mini may finally be on the way. Production of the ...

Customers not as happy with iPhone as they were last year

Tue, 21 May 2013 00:38:02 -0400

(Credit: CNET) More customers are satisfied with Apple's phones than any other handsets, but they're not as happy as they were last year, a new report said. According to an American Customer Satisfaction Index report issued today, Apple received a score of 81 (on a scale of 100) in terms of customer satisfaction. But the company dropped 2 percent from its 2012 position, and the ...

Caixin Online Excitement over new China stock market board

Mon, 20 May 2013 23:37:04 -0400

Caixin Online ) -- The country's financial circles have been enthusiastic about the prospects of a large expansion this year to the New Third Board, a nationwide over-the-counter (OTC) market for non-public companies' shares, which now covers only four pilot ...

Tornadoes strike Oklahoma killing at least 51

Mon, 20 May 2013 23:37:02 -0400

Large, devastating tornadoes swept through Oklahoma City and neighboring towns Monday, killing at least 51 people as they laid waste to numerous buildings, including more than one elementary ...

NewsWatch New Xbox may keep Microsoft in the game

Mon, 20 May 2013 23:37:01 -0400

Microsoft is expected to unveil a new Xbox on Tuesday. Investors have been bidding up shares of videogame firms, but the market has shifted dramatically in recent ...

Guantanamo Wi-Fi shuttered after Anonymous hacking threat

Mon, 20 May 2013 23:34:42 -0400

In unity with the prison's inmates, the hacking group pledges to disrupt online activities at Guantanamo -- prompting the U.S. military to shut down the base's ...

Spot expands lineup with satellite-powered Global Phone

Mon, 20 May 2013 23:34:41 -0400

(Credit: Spot) Satellite phones may seem like a niche technology, and in many ways they are. You won't need one while roaming city streets, but they can be invaluable if you're ever trekking far from civilization -- though that didn't ...

Flickrs 1TB for photos is great but how about a smart shoebox

Mon, 20 May 2013 23:34:40 -0400

commentary More space for online photo storage is a welcome move, but it's also like having a bigger "shoebox" where more of your photos get lost. How about an increase in ...

UPDATE 2-Sprint receives SoftBank waiver to consider Dish offer

Mon, 20 May 2013 23:26:33 -0400

Mon May 20, 2013 11:26pm EDT * Sprint gets waiver to consider $25.5 bln rival offer from Dish * SoftBank to issue 300 bln yen ($3.9 bln) in bonds in June - filing * Sprint says recommendation in favour of SoftBank offer not changed TOKYO, May 21 (Reuters) - Sprint Nextel Corp said its Japanese suitor SoftBank Corp granted it a waiver allowing it to consider a $25.5 billion rival bid by Dish ...

Microsoft To Reveal New Xbox Features

Mon, 20 May 2013 22:55:37 -0400

Microsoft currently sitting in the top spot of video game console sales for the 28th consecutive month according to retail tracking firm NPD Group. Total retail spending for the Xbox 360 platform in April — which included hardware, software and accessories — topped $208 million dollar. However, the company is already looking ahead to the next generation. "Looking forward to next ...

US manufacturing drawn to Fremont California

Mon, 20 May 2013 22:52:33 -0400

A combination of tax breaks, agreeable infrastructure and a proximity to the technology hotspot of Silicon Valley are combining to create interest in manufacturing in Fremont, ...

DealBook Column But Wait. Didn’t Yahoo Try a Deal Like This Before

Mon, 20 May 2013 22:50:08 -0400

Yahoo bought the company for $3.6 billion. When Yahoo announced its headline-grabbing acquisition, it boasted that the deal gave it access to an "unduplicated" audience of users and that its target was a "popular personal publishing" platform. "Yahoo will be able to integrate and distribute a powerful set of state-of-the-art editing tools and content published through ...

Why Dont Startups Like Tumblr Get Their Customers To Invest

Mon, 20 May 2013 22:49:04 -0400

the deal could get tricky , but even that perspective shows the outcomes for users are good: if the visual layout of Tumblr doesn't resonate on a mobile platform with ads piled on, there's always WordPress. Strauss reports a blog post by WordPress co-founder Matt Mullenweg today says that following Yahoo!'s announcement, 72,000 Tumblr posts were ported over to WordPress within the ...

Finally Independent Testing Of Rossis E-Cat Cold Fusion Device Maybe The World Will Change After All

Mon, 20 May 2013 22:49:04 -0400

I first wrote about Italian engineer, Andrea Rossi, and his E-Cat project, a device that produces heat through a process called a Low Energy Nuclear Reaction (LENR). Very briefly, LENR, otherwise called cold fusion, is a technique that generates energy through low temperature (far lower than hot fusion temperatures which are in the range of tens off thousands of degrees) reactions that are not ...

SoftBank grants waiver for Sprint to talk more to Dish

Mon, 20 May 2013 22:29:01 -0400

The Japanese wireless carrier is letting its rival Dish go into further talks with Sprint, saying that "we are providing this waiver because we are confident in the value of our ...

Tough Cat B15 Android phone marks U.S. debut

Mon, 20 May 2013 22:28:59 -0400

Cat B15 Android smartphone is the newest entrant to the U.S.' rough and ready durable phone tussle. I got my hands on the B15 this past March when it first appeared on the world stage at Mobile World Congress. This U.S. variant is essentially the same handset, except for the cellular support -- AWS bands 1700/2100 to complement GSM 850/1900 support. There's no launch date yet, since ...

Gyms For Women Sell More Than Fitness

Mon, 20 May 2013 21:43:30 -0400

. Standing in the atrium leading from the lobby -- where you can order a $10 "Flirtini," a $12 Long Island, or a $30 sangria carafe at the full bar -- to the locker room -- where the towels are a shocking shade of pink, the walls are coated in sliver glitter, and the flat irons are plentiful -- I couldn't figure out what this particular "un-gym," as it's billed, ...

Times Have Changed. Your Resume Needs To Change Too.

Mon, 20 May 2013 21:43:30 -0400

Though he seemingly needed no introduction, da Vinci is said to have pioneered the business resume. (Photo credit: Wikipedia) The professional resume is said to go back ...

Six Business Lessons According to Spenser

Mon, 20 May 2013 21:43:30 -0400

The death of author Robert B. Parker in 2010 brought with it an unusual business challenge. The novelist, who wrote almost 70 books, the majority of them about his iconic Boston private eye, Spenser (no first name ever has been used), was a best-seller machine. Not on the scale of, say, Dan Brown or John Grisham. But two or three times a year, virtually every year, Parker could be counted on to ...

Occupy Wall Street Challenges DOJ On Foreclosure Crisis

Mon, 20 May 2013 21:43:29 -0400

I don't know if Occupy Wall Street has been quiet lately or if I have just not been paying attention. Nonetheless, they have something going on right now. ...

Google breach may have led to sensitive data leaks

Mon, 20 May 2013 21:23:39 -0400

Chinese hackers were blamed for breaking into Google's servers in 2010; now, U.S. officials say these cyberattacks may have led to the release of secret government ...

Acadia raises $115 million

Mon, 20 May 2013 20:44:48 -0400

raised $115 million in gross proceeds from its secondary public offering. The biotech company said it sold $9.2 million shares, including 1.2 million sold under a fully exercised option to buy additional ...

Nuclear commission silent on public hearings issue

Mon, 20 May 2013 20:44:47 -0400

Allison M. Macfarlane, the chair of the Nuclear Regulatory Commission, talks about her tour of the troubled San Onofre Nuclear Power Station on Monday Jan. 14, 2013 in San Juan Capistrano, Calif. The plant located between Los Angeles and San Diego hasn't produced electricity in nearly a year, after a tiny radiation leak led to the discovery of excessive wear on hundreds of tubes that carry ...

170-foot blade breaks off wind turbine

Mon, 20 May 2013 20:44:47 -0400

A fallen wind turbine blade at Ocotillo, 70 miles east of San Diego, has curtailed operations worldwide of similar equipment manufactured by ...

Will park bridge close this weekend

Mon, 20 May 2013 20:44:45 -0400

But indications are that the bridge will not close every weekend, starting this week, and perhaps not for months to come because of legal and implementation roadblocks in its ...

Lew taps government retiree pension fund

Mon, 20 May 2013 20:41:17 -0400

WASHINGTON -- Treasury Secretary Jacob Lew says he will begin tapping into two government employee retirement funds to buy more time before the U.S. Treasury is faced with the prospect of defaulting on the national debt.In a letter to congressional leaders, Lew said Monday that he would begin tapping the civil service retirement and disability fund and a similar fund that covers retired postal ...

Warren Buffett enjoys playing salesman-in-chief

Mon, 20 May 2013 20:41:16 -0400

RALSTON, Neb. -- Billionaire Warren Buffett isn't just Berkshire Hathaway's chairman and CEO. He's also the chief salesman.Buffett visited a Dairy Queen in Ralston, Neb., Monday evening to serve up the restaurant chain's new S'mores Blizzard flavor that will be available nationwide June 1. Then he ate ice cream for the cameras.Berkshire owns Minneapolis-based Dairy ...

Music Mogul Irving Azoff Lays Down $16 Million For Holmby Hills Mansion

Mon, 20 May 2013 20:37:27 -0400

recent article in Billboard naming him as THE #1 most powerful. Azoff got his start managing musicians and his former clients list looks like a who's who of the music world, with names such ...

Mexican Tycoon Carlos Slims TracFone Accuses Activist Group Of Orchestrating A Corporate-Backed Smear Campaign

Mon, 20 May 2013 20:37:26 -0400

Two Countries One Voice and its campaign against Slim in the United States of being a corporate smear campaign as opposed to a grassroots movement against the Mexican billionaire's "monopolistic practices", as the group claimed. In a complaint filed Monday with ...

Carlos Slim Helu family

Mon, 20 May 2013 20:37:26 -0400

Mexican telecommunications tycoon Carlos Slim speaks during news conference at the Soumaya museum in Mexico City,Monday, Jan. 14, 2013. Slim announced an educational partnership between his Carlos Slim Foundation with the Khan ...

Which Corporations Pay The Highest Taxes

Mon, 20 May 2013 20:37:26 -0400

The United States has the highest corporate tax rate in the world, at 35%. Add in state and local taxes and it averages 40%. No wonder America's most profitable, highest taxed companies will stop at nothing to keep their earnings overseas and out of the grasp of Uncle Sam. Here's a list of the 25 megacorps that pay megataxes...All data reflects trailing 12 months to April 1, 2013. Via ...

New York Toys With Out Of State Partner

Mon, 20 May 2013 20:37:26 -0400

Broadway on the left of the Flatiron building and Fifth Avenue on the right. (Photo credit: Wikipedia) Out of state investors in real estate partnerships in high tax states sometimes get nasty surprises, particularly if partnership management is not sensitive to their concerns. That appears to be what happened to Craig Olsheim based on a recent decision in ...

U.S. dollar slips against major currencies

Mon, 20 May 2013 20:34:48 -0400

The U.S. dollar retreated against major currencies on Monday after scoring major gains on improved U. S. consumer confidence in the previous ...

US dollar shares ease on ratings concerns

Mon, 20 May 2013 20:32:36 -0400

Australia The Australian dollar was back in favour overnight after the US government was warned it will be downgraded again unless it deals with its debts.Moody's issued a note saying US policy makers risk seeing the country's rating being cut from Aaa to Aa1.Interest in the greenback fell, so the Australian dollar jumped half a cent in overnight trade and was worth 98.04 US cents at ...

Flickrs new $499.99 per year Doublr service explained

Mon, 20 May 2013 20:18:21 -0400

(Credit: Sarah Tew/CNET) Yahoo on Monday increased the amount of storage Flickr users get by 70-fold, and at the same time quietly introduced a new pro tier that costs users 20 times as much as the one it replaces. That ...

Flickrs free terabyte not big enough

Mon, 20 May 2013 20:18:20 -0400

languish with a fresh coat of paint and a free terabyte of space. Too bad today's photo-sharer has found a home elsewhere and is already accustomed to free. Monday at a press event in New York, Yahoo announced major changes ...

NY official Airbnb stay illegal host fined $2400

Mon, 20 May 2013 20:18:19 -0400

(Credit: Screenshot by Donna Tam/CNET) New York City officials have determined that a man who rented out part of his apartment on Airbnb should pay $2,400 for violating the city's illegal hotel law, despite Airbnb stepping in on the host's behalf. The city initially asked host Nigel Warren ...

Google Checkout to check out

Mon, 20 May 2013 20:18:18 -0400

blog post Monday . Even though Checkout was replaced by Wallet in 2011, it still has been an option for those merchants who are adamant about using the old service in their operations. But on November 20, that will come to an end. Google said by that time merchants who use Checkout will have two options: (1) move to another service, such as Google partners Braintree, Shopify, or Freshbooks, if ...

Samsung Galaxy Tablet may run on Intel chip

Mon, 20 May 2013 20:18:17 -0400

Android tablet allegedly will sport a dual-core 1.6GHz Intel Atom CloverTrail+ chip, industry sources familiar with the product told CNET. The plus sign means the CloverTrial chip packs a high-performance PowerVR SGX544 MP2 graphic processing unit from Imagination Technologies. Other specs include Android 4.2.2 and a 1,280 x 800 display. Samsung is expected to reveal the Galaxy Tab at Computex, ...

Apple dodged paying billions in taxes subcommittee says

Mon, 20 May 2013 20:18:16 -0400

report Monday detailing how it believes the tech giant has avoided paying its fair share of U.S. taxes. "Apple is an American success story," the report reads. "Today, Apple Inc. maintains more than $102 billion in offshore cash, cash equivalents and marketable securities (cash). Apple executives told the Subcommittee that the company has no intention of returning those funds to ...

How to create custom PDF compression filters in OS X

Mon, 20 May 2013 20:18:15 -0400

Apple's Preview program is the default PDF viewer in OS X, and has a number of options for annotating and otherwise managing PDF files. One of its features is support for Quartz filters, which can be applied to PDFs and image files to convert them, for example into sepia, black-and-white, or gray scale. A Quartz filter can be used to reduce the PDF's file size, but while it's ...

Microsoft to build Australian cloud computing centres

Mon, 20 May 2013 19:34:39 -0400

SYDNEY (Reuters) - Microsoft Corp is expanding its services for hosting and processing online data in Australia with the establishment of two new "cloud" computing data centres in the country.The world's biggest software company said on Tuesday it was expanding its Windows Azure business to include a major new region in Australia.Data centres, renting out technology resources such ...

Cool key to urban upsurge

Mon, 20 May 2013 19:32:04 -0400

Is a parade cool? It was one of the highlights of the Holiday Bowl in December but Gaslamp Quarter's rents are beyond new "cool" bars and restaurants and the coolness/rent rate figure into how an urban pocket turns itself ...

Ohio Valley Bank Joins Federal Reserve System

Mon, 20 May 2013 19:25:42 -0400

The Federal Reserve Bank of Cleveland has approved an application by Ohio Valley Bank, Gallipolis, Ohio, to become a member of the Federal Reserve System. Ohio Valley Bank President and CEO Tom Wiseman commented, "I congratulate the employees of Ohio Valley Bank for achieving this milestone in the bank's history. This membership opens up the opportunity for Ohio Valley Bank to ...

Apple Willing To Pay More Taxes To Get An Efficient System

Mon, 20 May 2013 19:24:27 -0400

17 page document outlining its thoughts on U.S. tax policy as it applies to multinational corporations. I have distilled it to the most relevant points below, added some information from the company's 10-K filings and included comparisons with other tech companies. From Apple's fiscal 2012 10-K the company paid $7.7 billion in cash taxes vs. $3.3 billion the previous year, an increase ...

Ugandan Millionaire Ashish Thakkar Launches African Answer To Skype

Mon, 20 May 2013 19:24:26 -0400

Mara Online , a family of online and mobile platforms that allow users to communicate, interact and collaborate with each other. Thakkar, who is the founder and CEO ...

Prime World First Impressions

Mon, 20 May 2013 19:24:26 -0400

I've been involved in the online gaming, collectible card, and tabletop world since the dial up days. I've worked with multiple websites covering and creating online gaming content in roles ranging from writer, editor, moderator and site administrator. My work with CCGs has been featured across the web covering Magic: The Gathering and other CCGs since 2002. One aspect common to all ...

Why President Obama Will Say Yes to Keystone

Mon, 20 May 2013 19:24:25 -0400

It's been a tough couple of weeks for the Obama administration. Whether it is lingering doubts about Benghazi or Fast and Furious, the IRS playing favorites for 18 months, the U.S. Marshal's Service losing a couple of terrorists, unanswered questions about the nominee to lead the EPA or the Department of Justice illegally seizing AP phone records, the White House has gone into full ...

Former Apple CEO on Offshore Cash

Mon, 20 May 2013 19:22:16 -0400

Some explosive words were exchanged on Capitol Hill with Sen. Carl Levin, (D-MI) accusing Apple of using tax havens in Ireland to avoid paying U.S. taxes. John Scully, former Apple CEO, shares his view on the ...

Yahoo rolls out update to make Flickr awesome again

Mon, 20 May 2013 19:14:51 -0400

The new Flickr homepage offers "endless scrolling," a la Pinterest and features huge photos on the left side of the page, with smaller pictures and social options on the right. Personal photo pages also got a revamp that focuses on big images. Photos won't lose any fidelity when they're uploaded and shared, and all Flickr users now get a whopping one terabyte of storage, which ...

Aussie Yen and Gold rally as US dollar pressured

Mon, 20 May 2013 19:05:34 -0400

Moodys threatened the US with a downgrade and the US dollar got hit and stocks dropped back a little in overnight trade.This helped drive a very interesting 24 hours with Gold and Silver the big movers hit in early Asian trade and then rebounding as the US dollar came under pressure over the rest of the day. USDJPY reversed of the high of Friday after the Japanese economics minister said the Yen ...

Smart necklace is key to secret iPad diary

Mon, 20 May 2013 19:03:23 -0400

iPad to lock down digital diary entries and keep secret crushes and innermost thoughts safe from prying eyes. The gold heart necklace, designed with preteens and teens in mind, works with the iHeart Locket Diary App for iOS. The diary app holds text, pictures, speech-to-text audio, and written notes, making it more of a digital scrapbook than a simple ...

U.S. Navy dolphins find antique torpedo

Mon, 20 May 2013 19:03:23 -0400

, the U.S. military's dolphin program, active since the 1960s, has had quite a bit of success. Dolphins, you see, are capable of producing sonar, and have an aptitude for learning commands, proving to be much more useful than machines for aquatic mine detection. "Dolphins naturally possess the most sophisticated sonar known to man," explains Braden Duryee, operations supervisor ...

Australia shares seen steady as U.S. dollar slips

Mon, 20 May 2013 18:46:17 -0400

MELBOURNE, May 21 (Reuters) - Australian shares are likely to open roughly unchanged on Tuesday with buyers taking profits following the market's run-up to 5-1/2 year highs and as the U.S. dollar fell against the Aussie. * Local share price index futures rose 0.1 percent to 5,227.0, a 7-point premium to the underlying S&P/ASX 200 index close. The benchmark rose 0.5 percent on Monday. * New ...

Why are more pizza outlets coming to SD

Mon, 20 May 2013 18:24:42 -0400

"We're looking at San Diego and Los Angeles as target markets because we're so under-penetrated there," said Thomas McCord, vice president of real estate and franchise development. "We're not a high end pizza concept. We're about value. We do very well with blue collar households, with people (who) want to take their family, have a full buffet and a nice dinner ...

Small company stock are a bright spot

Mon, 20 May 2013 18:21:06 -0400

FILE - In this Tuesday, May 7, 2013, photo, specialist Charles Boeddinghaus works at his post on the floor of the New York Stock Exchange. Evidence of a steady economic recovery in the U.S. helped push world stock markets higher ...

How the Dow Jones industrial average fared Monday

Mon, 20 May 2013 18:19:40 -0400

The Dow Jones industrial average and the Standard & poor's 500 index edged lower on Monday as investors waited on more information about the Federal Reserve's economic stimulus program. On Wednesday Fed Chairman Ben Bernanke will appear before Congress and the central bank will release minutes of its most recent policy meeting.Both stock indexes are close to record levels after ...

John HancockVoice Stalled Executives Re-Negotiating The Next Big Career Move

Mon, 20 May 2013 18:17:23 -0400

Unemployment has certainly been on the minds of professionals in the workplace -- experts analyzing the numbers, and politicians trying to reverse them in recent years -- but in addition to the number of employees out of work, there has been a change in the way that companies approach promotions. For executives, there has been a chokepoint near the top, said Dana Manciagli, a former worldwide ...

25 Colleges With the Best Return on Investment

Mon, 20 May 2013 18:17:22 -0400

According to salary-tracking website Payscale.com, Harvey Mudd College gives a 30-year ROI of $2,113,000, the best in the nation. When Forbes releases its annual list of best colleges this summer, it will use ...

Giuseppes Restaurant A Timeless Fable Of Accounting

Mon, 20 May 2013 18:17:22 -0400

There was once, in Brooklyn, a small Italian eating establishment. It had a narrow stone front, but went deep into the building, providing room for storage, cooking, and, in the middle, a counter with four stools. The proprietor/chef, Giuseppe, was an immigrant from Genoa, and preferred to be called "Joe." One day, Joe's accountant came in to do the monthly books. As he entered, ...

Consensus Is Poison Whos With Me

Mon, 20 May 2013 18:17:22 -0400

Consensus is a proven decision-making approach for sapping the intelligence of your entire team and creating watered-down results. Reaching a solution that everyone agrees on may sound nice in theory because it involves cooperation and collaboration. These are vital elements to smart decision making. However, consensus is often achieved by following the path of least resistance and allowing ...

Tumblrs Issues for New Parent Yahoo

Mon, 20 May 2013 18:15:26 -0400

Investors are asking how the aging Internet giant plans to make money off Tumblr's feisty, fickle users--who want reassurance that the grown-ups won't barge into their clubhouse and spoil the fun. "It's not the worst idea ... but it's not a clear victory," said Brian Wieser, senior analyst at Pivotal Research Group. "It definitely gives us traction with a ...

Apple calls for tax reform defends tax practices ahead of Senate hearing

Mon, 20 May 2013 18:09:07 -0400

Apple executives are set to defend the company's tax practices and call for corporate tax reform that would allow it to bring some of the billions of dollars in cash it has overseas back to the ...

$A rises and US dollar rally stalls

Mon, 20 May 2013 18:02:39 -0400

THE Australian dollar has surged past 98 US cents as the American currency takes a breather from its rally ahead of an economically-busy ...

Bond Report Treasurys fall as QE clouds market

Mon, 20 May 2013 18:01:51 -0400

NEW YORK (MarketWatch) -- The Treasury market turned a morning rally into an afternoon slump Monday as the benchmark U.S. government debt yield rose to its highest since ...

Under Yahoo will Tumblr go way of Flickr

Mon, 20 May 2013 18:01:51 -0400

A big deal, announced with cutesy memos intended to humanize the tech titans and the huge piles of money at stake. Mixing humor with words of assurance, the companies make lofty promises to stay true to their roots. "Per the agreement and our promise not to screw it up, Tumblr will be independently operated as a separate business," ...

Leap Motion shows off Windows compatibility

Mon, 20 May 2013 17:59:09 -0400

Windows users, rejoice! Leap Motion is coming to a PC near you, and for the first time, you can see what it will be like. Today, Leap Motion released ...

13.3-inch Sony tablet is like Etch A Sketch on steroids

Mon, 20 May 2013 17:59:08 -0400

Digital Paper touch-panel display was recently shown off at Educational IT Solutions Expo (EDIX) in Tokyo. Sony is planning to try it out at Japanese universities and bring it to the general market this year. It incorporates ...

Dish said to bid $2B for Lightsquared spectrum

Mon, 20 May 2013 17:59:07 -0400

(Credit: Screenshot by Dan Farber/CNET) LightSquared's wireless spectrum could be getting a new owner, according to a new ...

Facebook simplifies sharing for iOS apps

Mon, 20 May 2013 17:59:06 -0400

(Credit: Facebook) Sharing is caring -- if your Facebook and your network depends on it. Monday, the social network simplified the process for sharing activities from third-party iOS apps to Facebook. The company rolled out something called the ...

What to expect when you’re expecting Microsoft to announce the next Xbox

Mon, 20 May 2013 17:56:09 -0400

officially announces the next Xbox tomorrow , it will have been 2,932 days since the company last unveiled a new video game console. In those eight years and 10 days, Sony and Nintendo have combined to unveil six pieces of hardware across the home and portable markets. Apple and Google have revolutionized the mobile phone and gaming markets with iOS and Android. Microsoft itself has even gone ...

Acadia added to Nasdaq biotech index

Mon, 20 May 2013 17:20:42 -0400

The index tracks performance of selected biotech or pharmaceutical stocks traded on Nasdaq. Acadia trades at a market value of about $1.1 billion, making it one of San Diego's largest biotech companies by that ...

With New Xbox Microsoft Makes A Bigger Play For Living Room

Mon, 20 May 2013 17:18:33 -0400

An Xbox 360 video presentation at the E3 Media and Business Summit in Los Angeles in 2008. Microsoft is scheduled to introduce its newest Xbox on ...

Gold breaks a losing streak other metals rise

Mon, 20 May 2013 17:17:34 -0400

The price of gold is rising for the first time in nearly two weeks, breaking a long losing streak.Gold for June delivery rose $19.40 to settle at $1,384.10 an ounce Monday, an increase of 1.4 percent. It was the first gain since May 8.The price of gold has been falling since last autumn. Its appeal as an alternative investment faded as the U.S. dollar rose. Subdued inflation and worries that ...

Oil rises on falling dollar gasoline at $3.65

Mon, 20 May 2013 17:17:31 -0400

NEW YORK -- The price of oil rose Monday, taking its cue from the stock market and the dollar.Benchmark oil for June delivery gained 69 cents to close at $96.71 a barrel on the New York Mercantile Exchange.Oil moved higher as U.S. stock markets reversed early losses around midday. Although stocks slipped in the afternoon, a weak dollar propped up oil prices. Since oil is traded in dollars, a ...

After Hours Urban Outfitters slips in after-hours trade

Mon, 20 May 2013 17:17:11 -0400

SAN FRANCISCO (MarketWatch) -- Urban Outfitters fell in after-hours trade Monday after its fiscal first-quarter sales came up short of expectations, while TiVo posted a slight gain as its quarterly loss was smaller than ...

Apple Explains Position On U.S. Taxes As CEO Cook Prepares For Senate Hearing

Mon, 20 May 2013 17:14:04 -0400

17-page position paper on its view of U.S. taxes the day before CEO Tim Cook is set to testify before a Senate committee on the issue. Saying that Apple is "an American success story" and saying that the Cupertino, California-based company has "likely become the country's largest corporate income taxpayer," Apple outlined its views on the U.S. tax system, it's ...

Redhead Conventions March Of 1000 Beards Insomniac Golf -- Summer In Ireland Is Back

Mon, 20 May 2013 17:14:04 -0400

The festival season in Ireland is about to take some wonderfully weird turns -- including celebrations of redheads and insomniacs on the links - thanks in part to a governmental initiative ...