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General Motors headquarters at the Renaissance Center in Detroit

Auto Bailout To Cost Extra $3.4B

The cost of the 2009 bailout of the U.S. automotive industry by the federal government will cost the country $3.4 billion more than was previously estimated, reports said Tuesday.

Google Shares Set New Record High Despite Motorola Setbacks

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Shares of Google (Nasdaq: GOOG), the No. 1 search engine, set a new record high of $672.23 Tuesday, a day after the Mountain View, Calif., announced it would take a $275 million charge for firing 4,000 employees of its new Motorola division.

Kodak Patent Auction Goes Into Overtime

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Bankrupt imaging giant Eastman Kodak Co. (Pink: EKDKQ) said it extended the auction for its 1,100 patent portfolio beyond Monday’s deadline because it was talking to rival bidders. Citing “a complex and dynamic process,” the company didn’t disclose more information.
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Apple iPhone 5 Features: 'Leaked' Logic Board Perfectly Fits Previous Specs Rumors, Components [PICTURES]

Apple iPhone 5 Features: 'Leaked' Logic Board Perfectly Fits Previous Specs, Rumors, Components [PICTURES]

We're about a month away from the alleged date when Apple Inc. (Nasdaq: AAPL) is expected to debut the iPhone 5, and fans are very excited to see what Apple's design wizards have come up with for this year's model. On Monday, French site NowhereElse posted pictures from Chinese forum Weiphone showing different angles of what appears to be the iPhone 5's new logic board. The logic board in question matches perfectly with previous rumors, specs, and features of the iPhone 5 prototypes....
Knight Capital

Knight Capital's Woes Continue as Stock Plummets, Issues Defect Market Marker

Knight Capital Group Inc. (NYSE:KCG) saw shares in the company drop precipitously early Monday -- at one point losing over 7 percent of their value -- as the bruised-up broker-dealer continued to pick itself up less than two weeks after a trading algorithm gone berserk saddled the firm with $440 million in losses.
Google Buys Frommer's To Compete With Apple, Yelp

Google Buys Frommer's To Compete With Apple, Yelp

Google has reportedly purchased the rights to the Frommer's travel brand from publisher John Wiley & Sons for an undisclosed sum, according to The Wall Street Journal, presumably to bolster its local reviews of small businesses, restaurants, sights and destinations around the globe. With the combination of Frommer's and Zagat, Google will be able to give audiences plenty of ways to view reviews and/or ratings of local businesses around the world throughout its mobile Android platf...
App.Net: Do People Really Want A Paid Twitter Alternative?

App.Net: Do People Really Want A Paid Twitter Alternative?

Dalton Caldwell, the digital entrepreneur who sometimes enjoys writing angry open letters to Mark Zuckerberg, believes people would prefer a paid version of Twitter where they're not constantly sold to by advertisers, but one where developers and the users are the center of the social experience. Caldwell said he was "inspired to build exactly the service I wanted manifested myself," which he calls App.Net. Now that he's successfully raised his funds, here comes the tough part: Makin...
A man leaves an automated teller machine (ATM) facility of ICICI bank in Kochi

ICICI Treads Cautiously on Return to Growth Path

With its once-sickly loan portfolio on the mend after several years of consolidation that saw it lose market share, ICICI is looking once again to grow faster than the industry - though more cautiously this time around.
Apple iPad Mini: 3 Ways Amazon, Barnes & Noble Can Avoid The Death Knell

Apple iPad Mini: 3 Ways Amazon, Barnes & Noble Can Avoid The Death Knell

For about a year, Amazon.com and Barnes & Noble were almost completely alone in the 7-inch tablet market. It was nice while it lasted. The past few months have seen Google and Microsoft unveil their 7-inch tablet offerings, and it looks like Apple is about ready to get into the minitablet game, too.
Apple iPhone 5 Rumors: $800 Starting Price? Fat Chance

Apple iPhone 5 Rumors: 15 Brilliant Concept Designs We're Still Hoping For [PICTURES]

We're about a month away from the alleged reveal of the iPhone 5 which will reportedly take place at an Apple media event planned for Wednesday, Sept. 12. But what if every rumor up until now has been fake? What if all of these reports were planted by Apple to throw us off the scent? For more than a year, designers across the Internet have dreamed up their own ideas and concept designs for what they thought Apple should do with the iPhone 5. Who knows? Maybe Apple will actually listen to one ...
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Etsy Looking To Crack Down On Drug Deals

Etsy, the online craft marketplace, is looking to crack down on drug paraphernalia, according to Mashable. Transactions of those pertaining to the sale of drug-related culture and content will be prohibited, in an update that has gone live on the website.
Apple iPad Mini Release Date May Coincide With iTunes 11 Launch [RUMORS]

Apple iPad Mini Rumors: 7 Likely Features, Specs

A report from Rene Ritchie says Apple plans to release a brand-new "mini iPad" when it launches the iPhone 5 in September. Even though most people can assume a 7-inch "mini iPad" would be able to do most -- if not all -- of the same things a typical iPad can do, there are a few nuances of the tablet's alleged features and specs that may attract -- or repel -- potential customers. Here are seven features, specs, and price rumors we've heard from the iPad Mini so far.
The Bentley Continental Supersports Convertible drives.

Bentley Continental Supersports Convertible Review: Tiger In the Dining Room

The Bentley Continental Supersports Convertible embodies contradictions: British class and refinement contain the aggression and power of a tiger about to pounce. The Supersports Convertible strives to be perfect, and in most regards it is. Any review of a car of the Supersports Convertible's caliber has to focus on the details or limit itself to five short words: this is a great car.
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IBM Eyeballing Bid for BlackBerry Developer RIM: Report

BlackBerry developer Research in Motion (Nasdaq: RIMM) has been approached by International Business Machines Corp. (NYSE: IBM) about a possible sale of its enterprise services unit, Bloomberg News reported, citing two insiders.
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J.C. Penney Shares Tumble After Swinging To 2Q Loss

Shares of J.C. Penney Company Inc. (NYSE:JCP) tumbled Friday after the big department store chain's second-quarter earnings swung to a loss and missed Wall Street expectations and it cut its outlook for the year.
Walmart is the largest seller of food in the United States, and food accounts for more than half of the chain's annual sales

Wal-Mart, Cisco, Groupon: Earnings Reports To Watch, Aug 13-17

The earnings calendar for the week ahead will be comparatively light, but we will still be hearing from a number of household names. Big-name companies due to report their quarterly earnings results include Wal-Mart, Sears, Home Depot, Groupon, John Deere, and Cisco.
General Motors assembly workers Monique Watson and Evetta Osborne install an electric battery on the underside of a 2011 Chevrolet Volt electric vehicle at the Detroit-Hamtramck Assembly plant in Hamtramck, Michigan

General Motors’ Akerson Wants Company To Stop Being A Dinosaur

General Motors Company (NYSE: GM) chairman and CEO Dan Akerson seems to think that it is finally time for the company to leave the 1970s and enter the 21st century. He also implied that it was time for the nation's largest automaker to stop being a dinosaur, according to the Detroit News.
Google search iOS

Google Says Voice-Activated Services Coming, Adds iPhone App

Google (Nasdaq: GOOG), the No. 1 search engine, said it has devised a voice-enabled app for Apple (Nasdaq: AAPL) iPhones that will challenge the Siri personal assistant. The move comes two months after Google acquired Motorola Mobility Holdings, one of the top makers of smartphones.
GE serial No

GE Recalls 1.3 Million Dishwashers For Fire Hazard

General Electric Company (NYSE: GE) is recalling about 1.3 million of its dishwashers after receiving reports of heating element failures that led to fires, the Consumer Product Safety Commission said Thursday.
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Nokia Gets Cash From Divesting Apps Unit, Patent Sales

Ailing Finnish phone maker Nokia Oyj (NYSE: NOK) said it agreed to sell an application tools unit acquired in 2008 to a local partner as well as 500 wireless patents to Vringo (NYSE: VRNG) of New York City in a bid to raise cash.
Rupert Murdoch

News Corp. Posts Loss On Restructuring Charge

Rupert Murdoch's News Corp posted a quarterly loss on Wednesday after taking $2.85 billion of non-cash restructuring and impairment charges that overshadowed growth at its cable networks, the company's only major bright spot.
High Resolution 3D Renderings of Next iPhone Based on Leaked Parts Make Rumors Alive

Apple iPhone 5 Features: Will The Smaller Dock Connector Be MagSafe?

Almost every major news outlet has said Apple plans to slim down its traditional dock connector -- the outlet for connecting the iPhone to power sources, devices, utilities, and other accessories -- from 30 pins to either 19 pins, or possibly even just nine pins. Whatever the size is, it's getting smaller; one question still left unanswered, on the other hand, is whether or not the new dock connector will be MagSafe.

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