BlackBerry Investor Backs IBM Bid; Values RIM Assets At $9.6B
BlackBerry investor Victor Alboini said he welcomed a bid for Research in Motion's enterprise business by IBM, saying it would greatly enhance value of an undervalued asset.
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.
Sikh Massacre: The ‘Model Minority’ Argument
Would the expressions of grief be as widespread and deep if neo-Nazi Wade Michael Page had shot up a camp filled with illegal aliens from Mexico?
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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Pre-Market Movers (Fusion-IO, Barclays, Southwestern, Hewlett-Packard, Facebook, Nokia, Weatherford, Seadrill, GNC Holdings)
Fusion-IO, Barclays Plc, Southwestern Energy, Hewlett-Packard, Facebook, Nokia Corp, Weatherford International, Seadrill and GNC Holdings Inc. are among the companies whose shares are moving in the pre-market trading Friday.
Facebook at $19? 13 Weeks After IPO Debacle, Shares Near 50% Decline
Friday marks 13 weeks since the first public trading in shares of Facebook at $42. Now it's near $21.
Renault Bets On Africa With Continent's Largest Automotive Factory
The Renault-Nissan Alliance headed by superstar CEO Carlos Ghosn is hoping to beat the crowds in the nascent African automotive market with the largest assembly plant on the continent.
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.
Another Food Crisis Looms Driven By Soaring Grains And Sugar Prices, UN Agency Warns
A global hike in food prices last month due to unfavorable weather conditions, compounded by exporting nations placing restrictions and importing nations stockpiling due to concerns over the grain price rally, could lead to a food crisis along the lines of the one that happened in 2007-08, the U.N.'s food agency warned Thursday.
Asian Stocks Decline After Chinese Trade Data
Asian stock markets declined for the first time in five days Friday as weaker-than-expected Chinese trade data stoked fears of a growth slowdown in the world's second largest economy.
Weak China Data Drags Down US Stock Futures
U.S. stock index futures pointed to a lower open Friday as China's trade data for July fell short of expectations.
European Stocks Fall On Worrying China Data
European markets fell Friday as investor confidence was weighed down following disappointing trade data from China giving further indication that the global economic condition is faltering.
Demand For Wearable Technology Bound To Grow Over $6 Billion By 2016: IMS Research
Increasing demand for real-time data in a range of applications will drive demand for wearable technology from 14 million devices in 2011 to over a $6-billion opportunity by 2016, IMS Research has predicted.
July Inflation to Pick up, Stoked by Poor Rains
Indian inflation probably crept up in July as poor monsoon rains drove food prices higher, a Reuters polls showed on Wednesday, giving the RBI less room to cut interest rates to revive a flagging economy.
Top After-Market NYSE Movers (Fusion-IO, Bally Tech, ExactTarget, Christopher & Banks, Roundy's, Scotts Miracle, Lions Gate, Delek US)
The top after-market NYSE gainers Thursday were Fusion-IO, Bally Technologies, ExactTarget, Christopher & Banks and Turquoise Hill Resources Ltd. The top after-market NYSE losers were Roundy's Inc, Scotts Miracle-Gro, EXCO Resources, Lions Gate Entertainment Corp and Delek US Holdings Inc.
China July Trade Data Disappoints
China reported a trade surplus of $25.1 billion in July amid slower-than-expected growth in exports and imports, raising the concern that the world's second largest economy isn't doing enough to stimulate the economy and avert a slowdown.
Asian Stocks Fall As China Data Disappoints
Most of the Asian markets fell Friday as investors were disappointed to note that China's trade balance for July was worse than expected, increasing concerns about the faltering economic condition.
U.S. Won't Prosecute Goldman Sachs Over Deceit Of Investors
The Justice Department will not prosecute Goldman Sachs or its employees in a financial fraud probe, officials announce Thursday.
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.
Olympics Recap: Team USA Dominates Women's Soccer And Basketball, Bolt Earns Gold and Other Stories
Thursday was another eventful day in London.
Patrick Mikes Jr. Charged With Murdering Father, Still Missing In Michigan
A Michigan college was arraigned Thursday on charges he murdered his father, who remains missing after he disappeared late last month.
Apple iPhone 5 Allegedly Leaked Photos Surface: Is This The Best Evidence The Release Date Is Near? [FEATURES]
Apple's iPhone 5 is expected for a September release date, and as the month draws near the rumor mill has been churning harder than ever. Early on Thursday, a new set of reportedly leaked photos have found their way to the web, according to Apple Insider.
Low Yields and Drought Cause Corn Prices To Surge
Iowa, the largest state grower of corn and soy, has seen the size of its territory under extreme drought conditions rise from almost 31 percent last week to nearly 70 percent since Tuesday.
Hitler Wine Bottles Anger Jewish American Tourists In Italy
Prosecutors said they will commence an investigation into the ‘Nazi’ wine bottles.
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 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.
Laureate Penthouse Sells For $11.55 Million
A penthouse at the Laureate, a luxury condo building in Manhattan's Upper West Side, has sold for $11.55 million, according to city records filed Thursday.
Today In Long Shots: Nairobi Casts Bid for 2024 Olympics
Kenya has thrown in a bid, along with Egypt and South Africa, to be the first African nation to host the Olympics in 2024. But the Kenyan economy might not be able to handle the financial burden.
GE Dishwasher Recall For Fire Hazard Affects More Than 1.3 Million, Is Yours Affected? How To Tell
General Electric (GE) issued a voluntary dishwasher recall on Thursday due to fire hazard, affecting more than 1.3 million dishwashers in the U.S. But how do you know if your dishwasher is one affected under the recall?
Nepal Bans Young Women From Seeking Work In Middle East Over Exploitation Fears
In 2010, fifteen Nepali servants committed suicide in Lebanon due to gross abuses.
48 Hours In Honolulu
Aloha! Welcome to paradise.
World's Oldest Shipping Company Out Of Business
The world's oldest shipping company, a British firm started during the reign of George II, is going out of business after 282 years of sailing.
NYPD And Microsoft Partner On 'Domain Awareness System' To Fight Crime (And Make A Profit)
It's new, it's got a scary name, it will make policing New York easier, and it's going to be marketed for profit: Meet the "Domain Awareness System"
Financial Crisis Turns Five Years Old Today: Deutsche Bank Looks Back
A report out Thursday morning by Jim Reid, head of Global Fundamental Credit Strategy, noted the global financial crisis is five years old today, tracing the beginning of the world's economic troubles to August 9, 2007.
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