COMPANIES

Wells Fargo Fined $2 Million For Abetting Unscrupulous Investment Adviser

Wells Fargo sign
Wells Fargo & Co. (NYSE:WFC) was fined $2 million Thursday by the Financial Industry Regulatory Authority, a regulatory group that oversees investment advisers and other finance professionals, for neglecting to discipline an investment manager who became the firm’s top salesman of a certain kind of exotic investment instrument by forcing it on unwilling, elderly clients.
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Market gains as data overshadows IMF warning

Stocks rose on Thursday as signs of strength in the economy and higher-than-expected profit at FedEx outweighed a stark warning from the IMF about inaction over Europe's debt crisis.
A reporter tries out a new $79 Kindle tablet at a news conference during the launch of Amazon's new tablets in New York.

Amazon selling over 1 million Kindles a week

Amazon.com Inc said on Thursday it is selling more than one million Kindle devices a week, an unusual disclosure from the largest Internet retailer that comes in the wake of some negative reviews of its new Kindle Fire tablet.
Kindle Fire

Amazon Kindle Sales Top 1 Million a Week for Last Three Weeks

The Seattle-based online retailer announced Thursday that customers have been purchasing Kindle products at the rate of more than one million a week for the past three weeks, with its Kindle Fire the best selling product on its Web site since the product was released in late September.
Google Inc.

Facebook, Google and Apple among Top 10 Places to Work: Survey

Glassdoor, a jobs and career community where employees can anonymously rate companies and chief executive officers, has released its fourth annual Employees' Choice Awards, which lists the 50 best places to work, based on surveys collected from U.S. employees through 2011.
A promotional woman shows a Sony's PlayStation Vita handheld gaming device at Tokyo Game Show in Chiba

Sony Hopes for Vita Cheer, Feels Fitch Heat

Into just his fourth month as head of Sony's videogames unit, Welshman Andrew House has to plot a much-needed success story for the new PlayStation Vita handheld games device, negotiating a minefield of consumer gloom and competition from smartphones and tablet PCs such as Apple Inc's iPhone and iPad.
Olympus CEO Michael Woodford

Olympus Ex-CEO Attacks Japanese Shareholders

The whistleblower in Japan's Olympus Corp scandal, ex-CEO Michael Woodford, blasted Japanese shareholders Thursday for failing to stand up for him, amid signs that domestic and foreign investors are split over his campaign to be reinstated.
Sony's PlayStation 3

Sony Stands by PS3 Sales Target for 2011/12

Sony Corp said it was keeping to its target to sell 15 million PlayStation 3 game machines in the year to end-March, even as a long-running debt crisis grips Europe, one of the Japanese electronics group's most important markets.
Nokia Lumia 710

Nokia Lumia 710 to be Available in U.S. for $49

Nokia is back with a bang in the smartphone market. The Finnish cellphone manufacturer and T-Mobile announced Wednesday that the Lumia 710 will be retailed at $49.99 on a two-year contract, starting Jan. 11.
Olympus Corp President Takayama speaks at a news conference in Tokyo

Olympus Open to Rehiring Woodford, but Skepticism Reigns

Japan's disgraced Olympus Corp said Thursday it would consider reinstating its sacked CEO, Michael Woodford, but the gesture failed to erase doubts that it would ever rehire the foreigner who blew the whistle on its crooked accounts.
Co-founders of Snap Interactive Darrell Lerner (left) and Cliff Lerner (right)

Snap Interactive's Facebook Gamble Pays Off

Fifty-five-million and counting. That's the number of people looking for love, and they're doing so through Are You Interested?, the second-most popular Facebook app, made by the development team at Snap Interactive. Are You Interested? has been one of the most popular apps on Facebook Platform since 2007, when Facebook first released their application platform to developers, and the dating service is showing no signs of slowing down anytime soon.

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