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Kim Schmitz Megaupload

Who is Kim Schmitz? Megaupload Founder Had $23M Home, 18 Luxury Vehicles and Lots of Cash

Kim Schmitz, founder of Megaupload and otherwise known by his alias Kim Dotcom, was arrested by the Department of Justice Thursday for content piracy and losses to copyright owners that amount to $500 million. Schmitz was found by police in his New Zealand mansion's safe room, with what looked like a sawed-off shotgun Detective Inspector Grant Wormald said.

General Electric Earnings Report Expected to Show More Growth in 4Q

General Electric
General Electric, the U.S.'s largest industrial manufacturer, is expected to report a 22.3 percent fourth-quarter profit increase when it announces its earnings Friday, driven by strong equipment order and pricing trends and growth in the aviation and energy infrastructure sectors. It marks the seventh straight quarter of operating earnings growth.
A man walks past an electronic board displaying Japan's Nikkei share average outside a brokerage in Tokyo

Japan's Nikkei Climbs to Five-Week High

Japan's Nikkei average hit a five-week closing high on Thursday, soaring past its 75-day moving average as the euro climbed on news that the International Monetary Fund is seeking to bolster its funds to stem the euro zone sovereign debt crisis.
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A man walks past an electronic board displaying Japan's Nikkei share average outside a brokerage in Tokyo

Japan's Nikkei Closes Higher

Japan's Nikkei average edged higher on Tuesday and recovered its footing after better-than-expected Chinese economic data and solid demand at a French treasury bill auction reassured investors in the wake of European debt downgrades.
A woman raises her arms while praying outside a destroyed cathedral in downtown Port-au-Prince

Haitians Mark Second Anniversary of Deadly Earthquake

In makeshift churches and at mass grave sites, Haitians congregated Thursday to mark the second anniversary of the devastating earthquake that ravaged the country, killing roughly 300,000 people and leaving more than 1.5 million homeless.
School Bus

School Report: From Good Works to Bad Behavior

The world of New York education made news lately--good, bad, cultural and ugly. It does seem sometimes that the latest energy adrift in the zeitgeist gets played out in school yards across the town, and today is no exception.
The Toyota Prius c

Toyota Prius c: Why the Hybrid is a Bang for Your Buck [PHOTOS]

The Toyota Prius c, which debuted at the North American International Auto Show in Detroit, might be the biggest bang-for-your-buck hybrid out there-Toyota Motor Company said that it will have a list price starting at less than $19,000 and a driving fuel economy rating of 53 mpg.
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7.3 Quake Shakes Indonesia; Tsunami Warning Canceled

The U.S. Geological Survey said the quake registered 7.3 magnitude, striking off the coast of teh Aceh province just after midnight early Wednesday. The earthquake's center was 18 miles beneath the ocean floor, the USGS said.
Dodge Dart

Detroit Auto Show Preview: Sustainability Prevailing Theme

It's about sustainability of profits, and sustainability through efficient products that contribute to both the broader environment and consumer benefit that will be at the heart of every automaker's presentations. America's Big Three, in particular, have revealed they are still among the biggest and best global forces to be reckoned with through profitability and strong, advanced product in the past year or two.

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