When Marissa Mayer took over as Yahoo’s CEO, it was suggested that she’d put the web company back on top. If we are to go by Comscore’s latest survey results that shows Yahoo taking the top spot for the most visited site in US for the month of July, her taking the helm is certainly turning […]
President Obama met with financial regulators on Monday to stress the urgency for implementing all of the provisions of the Dodd-Frank Act of 2010. The Act was signed by the President in the same year yet regulators are behind in finalizing the rules that will carry out the provisions. The Act directs sweeping reforms on […]
Yahoo recently finished its acquisition of Tumblr, an Internet blogging service, and with the acquisition is a $81 million payment to David Karp, the founder of Tumbler. The catch? He must continue working for the company for the next four years. The retention payment, which was made public on Aug. 8, was part of the […]
Go into any Starbucks coffee shop and you’ll get a consistent menu and free Wi-Fi. However, the popular coffee shop chain is looking to bring more to its customers – it’s just reached a deal with Google to give its customers a quicker Wi-Fi connection. How much faster? Google’s Wi-Fi connection will be 10 times […]
Stocks of the ever-popular social networking company Facebook realized record performance on Thursday by soaring more than 30%. They approached closely to its IPO price of $38 to $34 per share. This represents the company’s best stock performance since it went public in May of 2012. Investor confidence in the company appears to be linked […]
American Graphite Technologies, Inc. realized higher share prices last week following its announcement of receiving the abstract for its P-600 Project. The project will explore the possibilities of using the carbon-based graphene as a material in 3D printing technology. The abstract was received from Mr. D.V. Vynogradov who is the project manager for the Ukraine-based […]
Expert Global Solutions, Inc., a debt-collection firm that’s backed by JP Morgan Chase & Company, has agreed to pay $3.2 million to the Federal Trade Commission (FTC) after a complaint that it was illegally harassing consumers. It’s the largest FTC fine against a third-party debt collector and comes on the heels of charges that they […]
According to the Federal Reserve figures, more people used their credit cards in May to pay for their purchases. It’s another sign that consumer confidence is on the rise. The Fed said consumer credit skyrocketed to a seasonally adjusted $19.6 billion compared to just $10.9 billion in April. Wall Street had anticipated a $12 billion […]
Microsoft is taking a page out of Apple’s book, and opening mini-stores in 500 Best Buy locations around the United States and 100 Best Buy and Future Shop sites around Canada. According to the companies, the Microsoft mini-stores will be between 1,500 and 2,200 square feet and have a number of Microsoft-related items for sale […]
Last month, Yahoo purchased Tumblr for $1.1 billion. And, the purchasing spree continues for the company with two more acquisitions – Rondee and GhostBird. Yahoo announced yesterday that it acquired GhostBird, an iOS-photo editing app developer, and Rondee, which is an initiative conference calling service. Rondee posted on its website that the company was joining […]