AT&T apparently has God on its side for the coming regulatory investigation surrounding its merger deal with T-MobileUSA. A faith-based service provider said the Louisiana Rescue Mission supported the merger between T-Mobile and AT&T, according to a report by The Nonprofit Quarterly. The ... Read more...
An adult film performer has tested positive for HIV, prompting an industry-wide shut down. Production of most adult films has stopped in Southern California while the performer is re-tested. The name and gender of the performer is not being released. If the initial case is confirmed, the group... Read more...
By: Abdul-Kareem Johnson Statistics constantly point out that the black income median is so much below the white. Less attention is paid to how much wealth is owned by blacks as compared to how much whites own in the country. The reasons for the disparity, of course, are clear and need not be... Read more...
Michael Kors and Co. has just scored themselves quite a chunk of change. The fashion label has sold a minority stake in the brand to a group of investors for no less than $2.5 billion, reports to the New York Post. (If a minority stake is worth that much, what about the whole company? The mind re... Read more...
The British government announced plans to modernize and reform U.K. copyright law following up on recommendations contained in the Hargreaves report commissioned by British Prime Minister David Cameron and a technical review by telecoms regulator Ofcom. The most significant decision is the scrapp... Read more...
CC Media Holdings, the parent company of Clear Channel Communications, reported Wednesday that revenue grew 8% to $1.6 billion in the second quarter, with radio revenue up 4%. The company's billboard business rose 5% domestically and 19% internationally. Radio was the biggest segment, acco... Read more...
AIG has filed a $10 billion lawsuit against Bank of America over allegations of mortgage-backed securities (MBS) fraud. AIG claims that Bank of America and several of its acquisitions, including Merrill Lynch and Countrywide, of misrepresenting the quality of the mortgages that went into bundle... Read more...
JPMorgan Chase & Co is close to vaulting past Bank of America Corp to become the biggest bank in the United States, but it will likely get there in an odd way -- by shrinking less than its rival. Both JPMorgan Chase and Bank of America are getting smaller as they shake off the excesses of the... Read more...
Who's ready for iAmerica? As the BBC has reported, the software company Apple has more cash on hand than the United States federal government, according to the company's financial records. Apple's quarterly financial report shows that the company responsible for the iPad, iPod and the iPho... Read more...