Christine Lagarde can count on at least one thing Wednesday during her first news conference as chief of the International Monetary Fund: few softball questions. The former French finance minister is under pressure on many fronts. Lagarde must convince the developing world that her IMF will be a ... Read more...
Oh say can you see…the end of American independence? This Fourth of July, the United States celebrates its 235th year of freedom from British rule. That’s emancipated us from yeasty marmite, pesky ‘u’s in our ‘neighbors’ and from having to ask God to “save the Queen”. Phew.... Read more...
Revenue from online advertising spiked to a new high in the first quarter of 2011, according to data released today by the Interactive Advertising Bureau and Pricewaterhouse Coopers. Internet ads for the quarter brought in $7.3 billion, a 23% increase over the first quarter last year. The f... Read more...
Microsoft has agreed to buy Skype for $8.5 billion, the companies announced Tuesday. The companies' CEOs, Steve Ballmer and Tony Bates, will host a press conference later today to give details of the acquisition. Over the last week, the voice and video communications company had been rumor... Read more...
Len Blavatnik's Access Industries is buying Warner Music Group Corp., the world's third-largest recording company, for about $1.3 billion, according to a person familiar with the matter. The person, who was not authorized to speak publicly about the matter and spoke on condition of anonymity, ... Read more...
Wow Words... A picture is worth a thousand of them Guess Jay-z finally made that billion he's been talking about... Jay-Z - Grammy Family Freestyle (October 30th 2006 @Hot 97w/Funkmaster Flex) Warren Buffet is thinking: "Who let this nigger get a billion dollars? First the mexican,... Read more...
A proposed $23 billion bailout of America’s educational system fell short of the support needed to save hundreds of teacher jobs. House Appropriations Committee Chairman David Obey, (D-WI) cancelled last Thursday’s committee meeting after realizing they would not be able to muster the... 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...
Nearly 40 million Americans received food stamps -- the latest in an ever-higher string of record enrollment that dates from December 2008 and the U.S. recession, according to a government update. Food stamps are the primary federal anti-hunger program, helping poor people buy food. Enrollment ... Read more...