In the music business, they would call it a comeback. Almost a decade ago, Niklas Zennstrom and Janus Friis, European technology entrepreneurs, unleashed the Napster-like file-sharing program Kazaa on the Web, allowing millions of users3 bll to freely download songs, movies and TV shows. Kazaa... Read more...
A startling admission today from Philadelphia schools superintendent Arlene Ackerman: the district spent $1 million to install security cameras at South Philadelphia High School in the wake of racial violence there. Ackerman was testifying before City Council on the district's $3-billion-plus b... Read more...
AstraZeneca has completed a deal to pay $520 million to settle federal investigations into marketing practices for its blockbuster schizophrenia drug, Seroquel, the Attorney General, Eric Holder, said at a news conference Tuesday afternoon. “AstraZeneca paid kickbacks to doctors as part of an... Read more...
Facing a $238 billion budget deficit by 2020, the U.S. Postal Service filed a proposal to Congress recommending they be allowed to cut their Saturday service. According to MSNBC.com, the financially strapped agency believes that one less day of service will save them billions. Their projected s... Read more...
WASHINGTON (AP) -- The apparent end of the recession and stabilizing financial markets have not cured the banking industry, as souring and past-due loans have reached the highest levels in 26 years, the Federal Deposit Insurance Corp. said Tuesday. Banks earned $2.8 billion in the third quarter... Read more...
Like the vast forests of the world, which continually suck carbon dioxide from the atmosphere and release oxygen, the planet's oceans serve as vital carbon sinks. Last year the oceans absorbed as much as 2.3 billion tons of carbon, or about one-fourth of all manmade carbon emissions. Without the a... Read more...