Mozilla had confirmed reports that it, along with Foxconn, are jointly building a new Smartphone or Tablet with their own operating system. Mozilla is the maker of Firefox and is the world's largest not-for-profit software maker and Foxconn is the world's largest electronics manufacturer according to revenue, building popular Apple,...
Redmond, CA On Tuesday Microsoft announced that Satya Nadella will be the companies new Chief Executive Officer replacing Steve Ballmer who will retire later this year. Nadella is no stranger to the software giant having joined the company in 1992. He is currently the president of Server and Tools Business. One of...
Minneapolis based Target has said it will make its temporary holiday policy of price matching its competitors permanent following disappointing holiday sales. Target is the nations second largest discount retailer after Walmart but widely considered a step up in quality of products and customer service. The new policy is effective immediately...
London, U.K. - Germans have reacted with visible anger as Britain decided not to join the new EU Fiscal Treaty, dubbed the "Merkozy" plan by pundits. Alexander Graf Lambsdorff, head of Germany's FDP group, part of the European Liberals, goes as far as to say it was "a mistake to let...
Vice President Joe Biden told university students, on his fifth day during a visit in Chengdu in southwest China, that Chinese investments are safe. "Please understand that no-one cares more about this than we do since Americans own 87% of all our financial assets.  We have an overarching interest in protecting the investment,...
San Francisco, CA - Bank of America, the nation's largest bank, said it will be cutting 40,000 jobs, or 1 in 6 of their total employees, in an effort to cut costs and survive a crushing amount of toxic mortgages it has had to buy back, having already depleted most...
Washington, D.C.- The nation's unemployment rate jumped sharply due to Hurricane Superstorm Sandy, up 78,000 to a seasonally adjusted 439,000. That was well above analyst's expectations of 375,000. States in the mid-Atlantic and Northeast have reported significant new jobless claims following Sandy while the rest of the nation continued on its...
With riots in Greece over its debt problems and deep austerity measures being put into place hurting nearly everyone, the issues there are affecting governments, banks, and investments across Europe. The US, like Greece, has one of the highest debt to GDP ratios in the world. While one of the...
Washington, D.C. - According to a federal review by six federal agencies, net oil imports to the U.S. is down 10% from last year and is on track to meet President Obama's pledge to reduce foreign dependence on oil by one third within 10 years. Meanwhile, domestic production is up,...
Three private investment firms together bought Go Daddy for $2.5 billion plus the assumption of its debt.  KKR & Co., Silver Lake Partners, and Technology Crossover Ventures worked together to buy the world’s largest domain registrar whose sales have climbed 25% in the last year to $947 million and...