NFL Hall of Famer Dan Marino is one of the major investors who lost millions when the visual-effects company filed for bankruptcy last week. The Oscar-winning company, founded in 1993 by James Cameron, had created effects for such movies as "Titanic," "The Curious Case of Benjamin Button" and the "Trasnformers" franchise.
The oppressive life in the plants where a third party assembles Apple iPhones remains an integral part of what is needed to deliver the product into the hands of the consumer. Conditions in the factories making the iconic product of the 21st century bring to mind the 19th.
Following the historic disaster at Fukushima nuclear power plant last year, the Japanese government is poised to completely shift its energy policy by phasing out its dependence on atomic energy by the 2030s.
Many Argentines are protesting against the policies of President Cristina Fernandez de Kirchner over her tight controls on the economy amid rising inflation. Fernandez has said that her policies are aimed at supporting the most vulnerable in society and will benefit the majority of people as a whole, though she has been criticized for pursuing a populist agenda at the expese of the upper and middle classes.
Auto demand in global markets will continue its upward trend in 2012 and 2013 despite regional disparities. Nomura analysts forecast double-digit growth in the U.S. and Southeast Asia, but expect European demand to shrink 7 percent.
Apple (Nasdaq: AAPL), the world's most valuable technology company, should reap another windfall from selling the iPhone 5 because component costs are only around $167.50, engineers at UBM TechInsights reported. Apple will sell the product for as much as $399 and charge wireless carriers about $450.
The First Lady of France, Valerie Trierweiler, won damages against a French magazine that published photos of her wearing a bikini on a beach. Perhaps Kate Middleton -- who has suffered the indignity of having topless photos of herself printed in France -- could take some inspiration from this.
The government of India, the world's 10th largest economy by gross domestic product, passed wide-ranging laws on Friday expanding foreign investment in the retail, broadcasting and airline sectors, opening its doors to companies like Wal-Mart Stores Inc. (NYSE: WMT) amid slowing growth.
Multiple news outlets are reporting that authorities have captured a suspect dubbed the "Bucket List Bandit." The bandit is believed to be responsible for bank robberies in nine states and has been arrested in Oklahoma City.
After seeing the unprecedented success of a title like "Fifty Shades of Grey," casual readers and publishing industry analysts alike were led to wonder what the future of digital publishing held for the book industry as Amazon Inc. (Nasdaq: AMZN) continues to edge out traditional publishing houses and retailers alike with its aggressive competitive pricing scheme. In an email sent to literary agents unearthed by GigaOM on Thursday, Amazon Publishing Vice President Jeff Belle revealed some ...
The Apple Inc. (Nasdaq: AAPL) iPhone 5 won't work on the LTE infrastructure of China's largest mobile network, Nomura analysts reported Friday, the latest setback for a launch that is not making the expected waves in that Asian country.
The British Royal Family is outraged by a French magazine called Closer's decision to publish topless photos of the Duchess of Cambridge, Kate Middleton. Kate and her husband, The Duke of Cambridge, Prince William, may take legal action, citing a breach of privacy laws.
Higher U.S. gasoline prices lifted a key inflation measure, the consumer price index or CPI, last month more than expected. The August increase in gasoline prices was the largest in more than three years
Just within an hour of the Apple (AAPL) iPhone 5 pre-orders going live, shipment dates for the new orders dropped to two weeks in the U.S., U.K., Canada, Germany and Australia, MacRumors stated.
After the iPhone 5 euphoria, it's back to Goliath Microsoft. The Redmond-software giant seems to have ushered in Christmas in Fall by deciding to distribute free surface RT tablet, Windows Phone 8 device and a refreshed Windows 8 work machine, Geek Wire reported.
India's wholesale price index (WPI) rose to a higher-than-expected 7.55 percent in July on annual basis, driven mainly by higher non-food prices, dashing hopes for rate cuts by the Reserve Bank of India.
Government-owned Fannie Mae and Freddie Mac, which were set up to help blue-collar and middle-class workers buy their own homes at lower interest rates, are also helping the nation's one percent to purchase luxurious homes.
Analysts expect companies in the S&P 500 to post negative revenue growth rate in the third quarter. Meanwhile, profits are expected to fall 2 percent.
To help figure out why The Gap hired Michael Francis, it's better to ignore his brief time as president of beleaguered J.C. Penney and look to his prior experience at Target.
Asian stock markets rallied to a four-month high Friday after the U.S. Federal Reserve launched another large scale of asset purchase program overnight to stimulate the world's largest economy.
U.S. stock index futures pointed to a higher open Friday as investors kept up a buoyant mood following the announcement of quantitative easing measures by the Federal Reserve, which is expected to boost economic growth.
European markets rose Friday as investor sentiment turned positive following the announcement of another round of quantitative easing by the U.S. Federal Reserve.
Crude oil prices advanced in Asian trading Friday, extending overnight rally after the U.S. Federal Reserve launched another round of quantitative easing to rejuvenate the economic growth.
Gold rose to a six-month high on Friday, extending a 2-percent rally from the previous session when the Federal Reserve announced a new round of stimulus measure, which could add to the risk of inflation down the line and enhances gold's appeal.
The top after-market Nasdaq gainers Thursday were Analogic Corporation, Tessera Technologies Inc, Big 5 Sporting Goods Corporation, MannKind Corporation and Skullcandy. The top after-market Nasdaq losers were Werner Enterprises Inc, Green Plains Renewable Energy Inc, Royal Gold Inc, Affymetrix Inc and Susser Holdings Corporation.
The top after-market NYSE gainers Thursday were Accretive Health, Lloyds Banking Group Plc, Lloyds Banking Group Plc, Lloyds Banking Group Plc and Beazer Homes USA. The top after-market NYSE losers were Western Asset Premier Bond Fund, Equus Total Return, Eagle Materials, Proto Labs and Health Management Associates.
Asian stock markets made gains Friday as investor confidence was lifted following the announcement of another round of quantitative easing by the U.S. Federal Reserve which is expected to rejuvenate the economic growth.
Asian shares rose to a four-month high Friday while the dollar remained weak against other major currencies after the U.S. Federal Reserve announced an aggressive new stimulus to drive job creation in the U.S. economy.
Peregrine Financial Group Chief Executive Russell Wasendorf Sr., who has confessed to stealing more than $100 million from his futures brokerage's clients, will be released from jail after he pleads guilty on Monday to mail fraud, lying to regulators and embezzling customer money, according to a judge's order.
Following its latest round of departures and continued erratic performance at the stock market, Zynga's future prospects have been looking increasingly bleak. Critics and industry analysts actually began counting the number of high-profile employees and executives left at the San Francisco-based social game developer, leading many to wonder how exactly the company hoped to recover from its current financial dilemma. On Thursday, the company finally offered up some details when it confirmed th...
