INVESTMENT

Fighting For ‘Downton Abbey’: PBS Prez Blasts Proposed Funding Cuts

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PBS receives about 15 percent of its total funding from the federal government, but that percentage is higher in rural areas where viewer support is lower. On July 17, House Republicans unveiled a spending bill that would eliminate funding for public television and its radio companion, NPR.
Spain

Spain's Stock Market Drops To Lowest Level In Nearly 10 Yrs

Spain's stock market plunged Monday to its lowest level in nearly 10 years on growing doubts that the nation can avoid defaulting on its massive debts without an external rescue. The government also instituted a three-month ban on short-selling all securities.
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Facebook IPO: Mark Zuckerberg Celebrates With Employees As Nasdaq Begins Trading

Facebook IPO Jinx Falls: Palo Alto, Kayak Soar

Two months after the trading fiasco in the initial public offering of Facebook (Nasdaq: FB), the No. 1 social networking site, tech IPOs are soaring again. Palo Alto Networks (Nasdaq: PANW) and Kayak Software (Nasdaq: KYAK) shares soared in their IPOs.
Maruti Suzuki

Maruti Suzuki Riot: Shutdown to Cost $15 Million a Day

With a manager dead, 90 employees in jail and an entire factory's workforce under investigation for murder, Maruti Suzuki faces a shutdown at a major auto plant that could last several weeks or more and cost it $15 million a day.
Rupee

Did Rating Agencies Err While Downgrading India’s Credit Outlook?

President Barack Obama's weekend statement on Indian economic slowdown and recent downgrading of the country's sovereign credit ratings by the global rating agencies has evoked strong criticism from India. The Indian government and a section of authorities have blamed the global rating agencies and foreign investors for misjudging the Indian economy and deliberately trying to downgrade India's image.
Police

UK Murder Rates Drop to 30-Year Low, But Why?

According to the latest figures released Thursday, the murder rate in the UK fell by 14 percent year-on-year to 550 homicides in 2011-12; the lowest it's been since 1983. Violent crime in England and Wales also fell by 7 percent, while robberies declined by 2 percent. Overall crime rates against adults remained at the same as they have been for the last three years.

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.
Consumers Remain Cautious despite Hefty RBA Cuts in May

TiVo Wants To Know Where You Shop, Nielsen Wants To Stay Relevant

The company that developed the first commercially available DVR announced on Tuesday that it is purchasing TRA, Inc., a marketing and analytics company whose products help advertisers know which TV commercials are the most effective based on consumers' shopping habits.

Homeownership: (Millennials) Downsizing The American Dream

The recession and housing crash have triggered a sharp decline in the share of American households who own their own home. Homeownership, which is at its lowest point in 15 years, is bound to fall even further, driven by tight credit, lackluster economic growth and more foreclosures.
Asian Shares

Asian Stocks Decline After Bernanke Comments

Asian stock markets were mostly lower Wednesday as the lack of explicit hints about further quantitative easing from Fed Chairman Ben Bernanke during his congressional testimony disappointed investors.

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