BUSINESS

The Amazon Smartphone? Plausible Way To Extend Reach, Brand ID

Jeff Bezos
Amazon.com Inc. (Nasdaq: AMZN), the No. 1 e-retailer, could be on the verge of selling its own smartphones which would be made by the same Taiwanese contractor used by Apple (Nasdaq: AAPL), the world's most valuable technology company, reports said.
The 2012 Porsche Cayenne S' headlights.

2012 Porsche Cayenne S Review: A Suburbanite?s Dream From Germany?s Best, But Dissatisfaction Persists

The 2012 Porsche Cayenne S may be the perfect small SUV for America's stereotypical suburbanite. This is not meant as a slur - in many regards the Porsche Cayenne S stands out. It can be fun to drive, is exceedingly comfortable, looks great and offers a ruggedness and utilitarianism not necessarily available from most German sports cars. However, the Cayenne's attempts to check every box also lead to its downfall in some key areas; the Porsche Cayenne S is the perfect car for a very specif...
More news
IBTimes Logo

Italy Cuts Another $5.58B From '12 Budget

Italy's technocratic government approved ?4.5 billion ($5.58 billion) in spending cuts for this year aimed at slashing the size of Italy's bloated public sector and delaying a new tax increase until after the first half of 2013.

Why Are US Rents Hitting Record Highs?

During the second quarter, average rents increased to record levels in 74 of the 82 U.S. markets tracked by real estate data firm Reis Inc. (NYSE: REIS), according to a report released Thursday. A number of factors are driving the trend.
Facebook IPO

IPOs? Did Facebook?s Disaster Poison The Pipeline?

Since its May 17 pricing at $38 a share, the stunning collapse in the value of Facebook (Nasdaq: FB) the No. 1 social networking site has made history ? for its sheer size and magnitude.The IPO market remains weak.
Traders work on the floor of the New York Stock Exchange

Global Economic Concerns Drag US Stock Futures Down

U.S. stock index futures point to a slightly lower open Friday as the interest rate cuts announced by central banks in Europe and China on Thursday failed to convince investors that the measures will be sufficient to rejuvenate the struggling global economy.
A pedestrian walks past the NASDAQ building in New York City

Top After-Market Nasdaq Movers (Xyratex, Celldex, Sequenom, Fifth Street Finance, Applied Micro Circuits, Informatica, Alexza, ValueVision, Amtech, Alaska Communications)

The top after-market Nasdaq gainers Thursday were Xyratex Ltd, Celldex Therapeutics Inc, Sequenom Inc, Fifth Street Finance Corp and Applied Micro Circuits Corporation.The top after-market Nasdaq losers were: Informatica Corporation, Alexza Pharmaceuticals Inc, ValueVision Media Inc, Amtech Systems Inc and Alaska Communications Systems Group Inc.
Apple working to fix app crashes

Apple Working To Fix Crashing App Store Updates

It's been a rough week for Apple's iOS team.In addition to Apple's first reports of a malicious program in their App Store, hundreds of newly-updated iOS apps have been crashing on launch and functionally unusable. The problem seems to have been traced to problems with the App Store's binary system and its FairPlay DRM. According to developer Marco Armet, apps that run perfectly for development teams are being corrupted when sent through the App store to consumers.
IBTimes Logo

Airlines Report June Rise In Passenger Traffic

Some airline companies appear to be faring much better in gaining passenger traffic thanks to a soaring demand for air travel and limited carrier choices -- a trend that has given U.S. airlines wide leeway to maintain overcrowded planes and shoddy customer service.
IBTimes Logo

Proxy Adviser Urges Defeat Of RIM Board Member

Investors in Research In Motion Ltd should not re-elect one-time lead director John Richardson to the board of the struggling BlackBerry maker at Tuesday's annual meeting, proxy advisory firm Glass Lewis said.
Euro currency

Foreign Troubles Dim US Earnings Forecasts

The European summit may have increased investor confidence, but weak consumer spending across Europe, along with the rise of the dollar against the euro, is slowing down the global economy, pushing many companies to trim their earnings forecasts.
Apple iGlasses Coming Soon? New Patent Reveals Rival To Google's Project Glass

Apple iGlasses Coming Soon? New Patent Reveals Rival To Google's Project Glass

Google Glasses are incredibly ambitious, but it appears that Google is no longer alone in exploring the avenue of wearable tech solutions. Apple was reportedly granted a patent on Tuesday in relation to peripheral treatment for head-mounted displays. Of all the companies to build a Project Glass rival, Google should worry most about Apple.
Bottles of Coca-Cola, which will be delivered to stores, are seen in a warehouse at the Swire Coca-Cola facility in Draper, Utah

Sugar Subsidies Face More Opposition On Capitol Hill

Government subsidies for sugar farmers are facing fresh opposition, despite the farmers' successful efforts to defeat a recent bid to eliminate the subsidies that opponents argue endangers public health, reduces employment and costs consumers and businesses billions of dollars.
Amazon Kindle Fire

Amazon Could Ship 17M Kindle Fires This Year

Amazon.com Inc. (Nasdaq: AMZN), the No. 1 e-retailer, could ship as many as 17 million of its Kindle Fire tablets this year, said Victor Anthony, analyst with Topeka Capital Markets.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.