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Business News
Dell Profits Nosedive 79 Percent
Dell Profits Nosedive 79 Percent There's no better evidence that something needs to happen at Dell and happen fast than the 79 percent slide in profits for the quarter.  Michael Dell is trying to take the company private and restructure the business, but billionaire investor Carl Icahn is standing in the ... Read More
Facebook Phone Officially a Flop
Facebook Phone Officially a Flop While Facebook did not manufacture and sell its own phone like Microsoft, still it had enough influence that the HTC First was also known as the Facebook phone.  Now, with most carriers dropping the phone or pawning it off for 99 cents, the Facebook phone is now officially ... Read More
Investing
Falling Interest Rates in Europe Not Good News
Falling Interest Rates in Europe Not Good News You might think that low interest rates in Europe would be just what the doctor ordered.  Not necessarily.  Just like high interest rates are bad, so are low ones.  Low interest rates means virtually no yield on bonds, savings accounts are almost non-existent, and much ... Read More
Dish Network Not Finished with Sprint Offer
Dish Network Not Finished with Sprint Offer Just when everyone thought the buyout of Sprint by SoftBank was a done deal, here comes the Dish network again with yet another offer.  It seems Dish is offering $25.5 billion in cash for Sprint as it looks to shakeup the US wireless industry.  Dish is looking to increase ... Read More
Latest News
Photoshoppers Not Happy with New Subscription Plan
Photoshoppers Not Happy with New Subscription Plan Following in the footsteps of other companies like Spotify, Adobe announces that it will now be offering its software by subscription only.  For those who plan on using it long term, the plan doesn't sound so good.  But for those who don't have the $650 to buy it ... Read More
The Price of Success in Bangladesh
The Price of Success in Bangladesh The garment industry is an $18 billion business in Bangladesh, but at what price,  especially for women, has this success come?  The recent collapse of a building that killed 800 workers as put the spotlight on working conditions in the impoverished country where most ... Read More
Market News
Price of Oil Drops to $95
Price of Oil Drops to $95 Oil fell 12 cents to just over $95 per barrel, this as the outlook for the economy remains tenuous at best.  Applications for unemployment benefits were up last week by 32,000 to 360,000, the highest that number has been in 6 weeks.  A slowing US economy only adds to a ... Read More
Stock Futures Rise, Gold Slips
Stock Futures Rise, Gold Slips Still more bad news for the gold market, this as the price slipped another 2 percent.  At the same time, stock futures moved up on Wall Street.  Dow futures moved up 27 as the Street celebrates the best weekly jobs report in over five years.  Gold moved down to $1435 per ... Read More
Money
City of Detroit is Broke
City of Detroit is Broke The city of Detroit has announced that it is broke and and in just a few weeks it will be completely insolvent.  "The city has effectively exhausted its ability to borrow," he writes in the report, adding that the city "is clearly insolvent," says Kevyn Orr, bankruptcy ... Read More
Credit Card Companies at War in China
Credit Card Companies at War in China If you think the credit card companies here in the United States go at each other hard, wait till you hear about the credit card wars in China.  As China's population grows more affluent, and as the government moves the economy to a more consumer driven base, the push to ... Read More