The Internet’s watershed political moment in the U.S. arrived this week. You can Google it. The role of Google itself, however, in the so-called Web blackout is more interesting than a quick Google search would indicate. First, some background. On Jan. 18, to protest a pair of anti-piracy bills in Congress, Wikipedia posted a blackout [...]
If American Airlines is acquired by Delta or another company in tandem with its bankruptcy filing — mirroring similar moves by its rivals — it could end a big consolidation wave that already has pruned the industry to a few massive carriers. Speculation was ignited last week that Delta Air Lines or other players could [...]
January 15, 2012 | Posted in
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The shares of Apple (AAPL) have resumed their uptrend, as expected, and I obviously still like the shares at this stage. What’s more, with a P/E of about 15, Apple is not cheap, but it’s not overly expensive, hence now may be your last chance to catch this train before it leaves the station: I [...]
January 8, 2012 | Posted in
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We were promised such great things at CES 2011. We were told the coming year would bring worthy competitors to the mass-market consumer tablet space, an arena conquered — if not pioneered — by the iPad. Poised to challenge Apple’s throne, Motorola and RIM unveiled two serious iPad contenders in the Android-powered Xoom and the [...]
Yahoo Inc. is searching for several new board candidates to replace possible outgoing directors, including Chairman Roy Bostock, people familiar with the matter said. The company has hired executive search firm Heidrick & Struggles International Inc. to assist in the effort aimed at possibly replacing Mr. Bostock and other directors who may step down, the [...]
Barnes & Noble Inc. said it exploring a plan to separate its successful but costly Nook electronic-book business as it warned investors that full-year results would show much more red ink than previously forecast. Shares sank nearly 24% in Thursday morning trading. “We see substantial value in what we’ve built with our Nook business in [...]
The number of people seeking unemployment benefits fell further last week, and a measure of private-sector hiring indicated December’s job growth may have been twice as strong as expected, as signs that businesses are adding staff mount before Friday’s offical report on employment. On Friday, the Labor Department is scheduled to report on employment conditions [...]
Boeing Co.’s decision to shut down its Wichita, Kansas, plant after more than 80 years betrayed public officials who helped the planemaker win a U.S. Air Force contract for midair refueling tankers, the city’s mayor said. Boeing didn’t consult with city officials or ask for financial incentives to stay put before announcing its decision yesterday [...]
General Motors Co. said it will make modifications to the Chevrolet Volt after a series of fires occurred following test crashes of the plug-in hybrid vehicle. GM said the fires were caused by a coolant leak that occurred when the battery pack in the vehicle was punctured during the tests of severe side crashes by [...]
Eastman Kodak Co. may be kicked off the New York Stock Exchange if it cannot boost its share price over the next six months, the latest blow to the once iconic photography company and blue-chip stock. The company, whose shares fell more than 80 percent in 2011, received a warning from the New York Stock [...]