Daily Wrap Up - Sept. 22 Tech
Twitter has no plans to put advertisements on the popular microblogging site this year, co-founder Biz Stone said on Tuesday, amid a growing push for the 2-year-old Internet sensation to begin making money
WellPoint weighs more job cuts amid recession
Health insurer WellPoint Inc is weighing more job cuts as it grapples with enrollment declines stemming from the weak U.S. economy, and looks to operate more efficiently next year.
FACTBOX: Five facts about the Boeing 787 Dreamliner
Boeing Co's carbon-composite 787 Dreamliner is set to fly in the fourth quarter. The test flight, now two years behind schedule, could be vindication for Boeing, which hopes to repair its credibility after the delays.
Grading the Stimulus: Too Early to Tell or Stop Spending?
Assessments President Obama's seven month old $787 billion economic stimulus package are now being proffered by think tanks who say it is too soon to make a determination and detractors noting tha ongoing job losses.
Palm shares rise on short covering, Nokia talk
Palm Inc shares jumped to their highest level in nearly two years on Tuesday, fueled by short covering and renewed speculation that the smartphone maker may be a takeover target.
Anna Nicole Smith was prescribed with suicidal dose
Former model Anna Nicole Smith was prescribed with pharmaceutical suicide by psychiatrists, a pharmacist said according to court documents obtained, the L.A. Times reported Tuesday.
Wall Street jumps on recovery bets
Stocks rose on Tuesday, as investors bet the Federal Reserve will stick to its accommodative policy to foster economic recovery, boosting growth-sensitive sectors such as financials, technology and industrials.
Boeing 787 delays cast hard light on outsourcing
Commercial airline customers are accustomed to flight delays -- but two years?
California sues Madoff middleman Chais for fraud
California's attorney-general sued Los Angeles money manager Stanley Chais on Tuesday, accusing the celebrity fund manager of funneling money into Bernard Madoff's $65 billion Ponzi scheme.
Canada's Harper: Growth cannot hinge solely on U.S. consumer
Global growth can no longer hinge solely on the U.S. consumer and a global economic recovery remains fragile, Canadian Prime Minister Stephen Harper told CNBC television on Tuesday.
Silicon Valley reinvents the lowly brick
Forget microchips.Silicon Valley sees a profitable future in the humble brick thanks to a low-energy production process that illustrates the greening of the U.S. technology capital.
Twitter's Stone says no ads in 2009, focus elsewhere
Twitter has no plans to put advertisements on the popular microblogging site this year, co-founder Biz Stone said on Tuesday, amid a growing push for the 2-year-old Internet sensation to begin making money.
Lowe's gives cautious 2010 forecast; shares fall
No. 2 U.S. home improvement chain Lowe's Cos Inc forecast earnings for its next fiscal year that could fall short of Wall Street expectations, sending its shares down 4.2 percent.
Canadian Hydro gets multiple proposals
Canadian Hydro Developers Inc said on Tuesday it has received a number of proposals from other suitors after opening its books to try to attract a better offer than TransAlta Corp's C$654 million ($611 million) hostile takeover bid.
Safilo says no binding offer as interest soars
Safilo said on Tuesday it had received no binding offer for the firm after shareholders in a local rival bought into the debt-laden eyewear maker and a report said another stakeholder was mulling a bid.
China buys Noble stake, seeks commodities expertise
China Investment Corp, a $200 billion sovereign wealth fund, has bought a 14.5 percent stake in trading firm Noble Group for $850 million, giving China greater exposure to global commodities and trading expertise.
Yahoo to kick off new branding campaign
Yahoo Inc said it would kick off a $100 million branding campaign next week as the No. 2 U.S. Web company seeks to revive growth and redefine itself under Chief Executive Carol Bartz.
Oil jumps more than 2 percent on dollar, Saudi
Oil prices jumped more than 2 percent to top $71 a barrel on Tuesday as the U.S. dollar fell to a one-year low against the euro and top exporter Saudi Arabia said the economy was rebounding.
Wells Fargo chairman Kovacevich to retire
Wells Fargo & Co said on Tuesday former Chief Executive Dick Kovacevich will retire as chairman on January 1 and current Chief Executive John Stumpf will take on the added role.
GM adds shifts at three U.S. plants
General Motors Co said on Tuesday that it would add shifts at three U.S. assembly plants, restoring 2,400 jobs, as it shutters other facilities or prepares them for new products.
MMS coming to iPhone this Friday
iPhone users will be able to start sending multimedia messages as of Friday, Sept. 25, AT&T said in a text message to its clients.
U.S. to keep South Africa embassy closed after threat
The United States will keep its embassy and other American government offices in South Africa closed on Wednesday after an undisclosed security threat, the embassy said on its website on Tuesday.
Texas Governor: U.S. climate bill will gouge state economy
A U.S. climate bill will cripple Texas's vital energy sector and damage the state and national economies, Republican Governor Rick Perry said on Tuesday.
Twitter's Stone says no ads in 2009
Twitter has no plans to put advertisements on the popular microblogging site this year, co-founder Biz Stone said on Tuesday, amid a growing push for the 2-year-old Internet sensation to begin making money.
Support builds for rebalancing world economy
Support grew on Tuesday for a U.S. plan to build a more balanced global economy and leaders warned against returning to business as usual once recovery takes hold.
U.S. to track greenhouse gases for first time
The U.S. government will begin requiring big companies to monitor and report greenhouse gas emissions, officials said on Tuesday, a move that could make it easier for federal regulators to cut emissions if Congress does not pass a climate change bill.
Senator would drop land-use from U.S. biofuels rule
A senator from the U.S. Corn Belt filed an amendment on Tuesday that would bar federal regulators from considering how land is used overseas when they write rules to expand use of biofuels.
Murray Perahia -- When the piano man can't play
His fans call classical virtuoso Murray Perahia the poet of the piano, but he very nearly became a silent one.
Photographers sue Bundchen, Brady over shooting
News agency Agence France Presse and two photographers sued NFL star Tom Brady and his supermodel wife Gisele Bundchen over an incident in which they allege the couple's bodyguards fired on the photographers.
North American firms think local for carbon offsets
When it comes to offsetting carbon footprints, European companies seek offsets sourced from far off, romantic countries, while North American firms prefer those generated by local clean energy projects, a survey found.