Yahoo buys Tumblr for a whooping $1.1 billion in cold cash, according to reports from Wall Street Journal and technology news site AllThingsD this Sunday, May 19, 2013. Tumblr, a popular microblogging platform and social networking website, was launched in February 2007. Yahoo and Tumblr logo Credit: Yahoo/Tumblr According to earlier reports, Yahoo plans to [...]
Steak ‘n Shake logo Credit: Steak ‘n Shake For a little less than a $6 bill, a waitress received $446 tip at the Steak ‘n Shake restaurant in Indianapolis on Wednesday, May 15, 2013. Cece Bruce was “amazed” that one of her regular customers, whom they call Miss Jo, handed her the huge tip. According [...]
Bill Gates is the world’s richest man again, a title he last earned in 2007 via the Bloomberg Billionaires Index. According to a report at Bloomberg.com today, Friday, May 17, 2013, Gates‘ fortune is now valued at $72.7 billion, up 16 percent year-to-date. He is the chairman and co-founder of tech giant Microsoft. Bill Gates [...]
Sharp Corporation is set to cut 5,000 jobs over the next three years, as part of its effort to fully recover from the 2008 global financial crisis. This Sharp 5,000 jobs cut was first reported at The Asahi Shimbun, and the electronics giant is expected to formally release their plan this Tuesday, May 14, 2013. [...]
Rat meat sold Credit: Wikimedia commons A rat-meat ring was believed to be broken by Chinese authorities. Over $1 million worth of rat meat and several other small mammal meat was sold by the ring over the years in China. Based on the official website of the Ministry of Public Security, Chinese police have arrested [...]
Manila, Philippines – With Filipinos being known to be talented and skillful, it is not surprising that RaketMarket.ph, the new online marketplace for Filpinos, is now attracting a lot of followers and new members. The term “raket” is a slang Filipino term for small jobs or extra source of income. RaketMarket.ph, which was founded by [...]
The Bank of America is likely to pay a total penalty of $60 billion due to lawsuits, this is what some analysts are now saying. The cases are related to mortgage-backed securities, which include the 530 mortgage trusts that were sold by Countrywide, as well as the estimated $108 billion in losses from some investors. [...]
Nissan cuts prices on seven of the eighteen car models being sold in the United States, despite the fact that the car company announced an increase in sales for the month of April This move by Nissan intends to improve the results of the consumers online search by price category. Nissan logo Image Credit: NissanUSA.com [...]
The US Postal Service (USPS) is losing $25M a day. This is what US Postmaster General Patrick R. Donahoe told a House committee on Wednesday, April 17, 2013. Donahoe also revealed the same amount of loss last January when he urged the upcoming 113th US Congress to prioritize the changes in postal service. USPS Postmaster [...]
A slightly more than $25 billion offer was made by Dish Network to buy Sprint Nextel Corporation, as publicly announced by the satellite television company this Monday, April 15, 2013. A conference meeting was made to announce the offer. Dish Sprint logos Credit: Dish and Sprint According to press release at CompleteDishSolution.com that day, Dish [...]