BUSINESS

Yahoo’s Mayer: Making First Moves At Turnaround

Google Inc vice president Marissa Mayer unveils Google Instant in San Francisco
Now three days into running Yahoo (Nasdaq: YHOO), the No. 3 search engine, CEO Marissa Mayer has already telegraphed that change is coming. She appointed the first editors for Yahoo News and Yahoo Finance, two of the company’s most popular portals.

IMF Urges UK To Jumpstart Economy

IMF and U.S.
Britain risks permanent damage to its economy if the government does not adopt fiscal stimulus measures to reverse the country's recession, the International Monetary Fund (IMF) warned Thursday as it pressed for a reduction in the country's deficits to jumpstart its ailing economy.
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‘Diablo 3’ Fan Dies After Playing For 3 Days Straight, ‘I’m Not Trying To Blame The Game For Killing Him’ Friend Says

‘Diablo 3’ Patch 1.0.3 Release Is Just The Beginning: Blizzard To Launch Big Changes For ‘Max Level’ Characters

Activision Blizzard’s “Diablo 3” marks one of the largest PC gaming launches in history, and fans of the dungeon-crawler action game have been waiting more than 10 years for its release. Now it seems Blizzard believes fans should be given more bang for their buck after holding out for over a decade. The company has just announced that it will be releasing new content catered to high-level players.
Nokia CEO Stephen Elop

Nokia’s Challenge: Can It Wait for Windows 8?

Investors are betting that Finland’s Nokia (NYSE: NOK) can survive the smartphone wars, now that it’s gambled on Windows from Microsoft (Nasdaq: MSFT), the world's biggest software company.
Grum Spambot Shut Down: Massive Botnet Created 18 Percent Of World's Spam Email

Grum Spambot Shut Down: Massive Botnet Created 18 Percent Of World's Spam Email

The Grum botnet, which experts believe is responsible for about 18 percent of the world's spam email traffic, has been shut down, according to security company FireEye, based in Milpitas, Calif. According to M86Security, Grum was responsible for roughly 17.4 percent of the worldwide spam email traffic, which made it officially the third largest active botnet in the world, after Cutwail and Lethic, respectively. In January 2012, however, Grum became the No. 1 spam botnet in the world, accounti...
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Markets Cheer Walgreen For Express Scripts Deal

Large U.S. drugstore chain Walgreen Co. (NYSE: WAG) announced Thursday it would be renewing its contract with Express Scripts Holding Co. (NASDAQ: ESRX), to provide customers of that pharmaceutical claims manager with prescription drugs at Walgreens retail stores.
Treasury Secretary Timothy Geithner

Geithner Media Tour Unlikely To Silence LIBOR Critics

U.S. Treasury Secretary Timothy Geithner appeared on a CNBC-sponsored conference Wednesday morning toeing the government's party that the New York Fed is not to blame for helping keep the evolving LIBOR rate-fixing scandal under wraps, even though they knew it was going on since at least 2007.
Workers

Indian Economy to Grow at Slowest Pace in 10 Years: Poll

India's economy will grow at its slowest pace in a decade this fiscal year, with tight monetary policy, political gridlock and a weakening global economy prompting analysts to slash their forecasts, a Reuters poll showed on Thursday.
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Spain's Borrowing Costs Soar Above 7%

Spain's cost of borrowing shot up Thursday to an unsustainably high level as it tried, and failed, to sell all of the $3.7 billion in bonds it offered to investors.

Can The Mundane Grocery Store Survive The Next Decade?

A financial disparity has emerged between popular health-conscious grocery stores and their more mundane rivals, a gap that's expected to widen as the millenial generation replaces the baby boomers as the dominant consumer consumer force.
Traders on the New York Stock Exchange floor

Strong Corporate Earnings Lift US Stock Futures

U.S. stock index futures point to a higher opening Thursday as corporate earnings reported for the second quarter exceeded expectations, indicating that business conditions are on the path of revival.
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Asian Shares Up On U.S. Earnings; Euro Steadies

Asian shares rose Thursday as strong corporate profits from U.S. bellwethers allayed fears of a slowdown in earnings while the euro steadied after being hit by reported comments from German Chancellor Angela Merkel that rekindled fears about the euro zone debt crisis.
4chan Gets Burger King Employee Fired

4chan Users Get Burger King Employee Fired For Defiling Lettuce in Photo

4chan is a confusing place. Its anonymous userbase is just as likely to spend time harassing people over the internet as it is arrange a killer birthday party for a 90 year-old veteran. The site's latest stunt seems like a combination of both. After a Burger King employee posted a picture of himself standing in a tub of lettuce, 4chan users tracked the employee down and had him fired.

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