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Outsourcing of US jobs to foreign countries: Bad or Good?
U.S. treasury prices fell Thursday after a revised reading on second-quarter GDP showed a better-than-expected jump and the government auctioned off $22 billion of 5-year notes.
Posted 23mins 55secs ago by Latest financial news - CNNMoney.com.
With Tropical Storm Gustav setting its sights on the Gulf of Mexico, oil facilities in the region are facing their first major threat since 2005, when Hurricanes Rita and Katrina knocked out nearly every barrel of oil production and sent prices soaring to then-record levels.
Posted 26mins 55secs ago by Latest financial news - CNNMoney.com.
Remember way back when, way back in June, when there was a big blogosphere hubbub about the Associated Press not letting bloggers regurgitate its copy without compensation? Whatever became of that? In any case, amidst the fuming and harrumphing, Dorian Benkoil pointed out the AP's real problem wasn't…
Posted 51mins 55secs ago by Silicon Alley Insider.
Comcast bandwidth pigs won't just have to deal with a slower Internet connection -- they'll reportedly have to pay more per month to use the Internet, too. In May, Broadband Reports reported that Comcast (CMCSA) was considering capping the amount of bandwidth its cable modem subscribers could use each…
Posted 56mins 55secs ago by Silicon Alley Insider.
The government's latest assessment of the nation's financial system showed that many more small banks are in trouble. But what the report didn't say may speak volumes.
Posted 1hr 5mins ago by Latest financial news - CNNMoney.com.
Stocks rallied Thursday afternoon on lower oil prices, a surprisingly strong reading on second-quarter economic growth and some positive developments in the financial sector.
Posted 1hr 22mins ago by Latest financial news - CNNMoney.com.
Read full story for latest details.
Posted 1hr 34mins ago by Latest financial news - CNNMoney.com.
At a time when most housing markets continue to sour, the Big Apple remains in a relative sweet spot. Whether it can stay there may go a long way toward determining how much longer the economy remains in a funk.
Posted 1hr 44mins ago by Latest financial news - CNNMoney.com.
Are we in a recession or not? And if we are, when did it begin? I don't know about you, but I'm tired of the recession debate. Does it really matter if this current economic period ever (or never) gets labeled a recession?
Posted 1hr 50mins ago by Latest financial news - CNNMoney.com.
The dollar rose against major foreign currencies Thursday as investors cheered a sharp drop in oil prices and a robust quarterly reading on the U.S. economy.
Posted 1hr 57mins ago by Latest financial news - CNNMoney.com.
You can't walk within shouting distance of the Pepsi Center here without sighting Ben Affleck, Eva Longoria, Stephen Spielberg or Melissa Etheridge.
Posted 2hrs 30mins ago by Latest financial news - CNNMoney.com.
As we've noted, John McCain's campaign has indeed figured out YouTube, and he leads Barack Obama in total video views on his YouTube channel over the past month. Now, we're told by the WSJ, the McCain camp has trumped Obama in search engine marketing. The McCain campaign snapped up search terms like…
Posted 3hrs 1min ago by Silicon Alley Insider.
The dunking booth is always the most popular attraction at the Broadmoor Fest, a neighborhood carnival held every year since Hurricane Katrina to celebrate the survival of one of the Crescent City's low-lying, flood-ravaged districts. At recent fairs FEMA officials were favorite targets in the booth;…
Posted 3hrs 23mins ago by Latest financial news - CNNMoney.com.
Fortune is the latest to point out that Google's Web-based apps aren't exactly taking the enterprise market by storm. Writes Yi-Wyn Yen: "Eighteen months after making a push into corporate software, only a handful of Fortune 500 and mid-sized companies have started using Google's programs -- mostly…
Posted 3hrs 36mins ago by Silicon Alley Insider.
John McCain has picked his running mate (announcement tomorrow) and a theory in Denver is that it's ex-eBay CEO Meg Whitman. If true, is this a good choice? After some thought, we actually think it is. That wasn't our first reaction. But our current impression of Meg is colored by the fact that we hold…
Posted 3hrs 38mins ago by Silicon Alley Insider.
The number of out-of-work Americans who signed up for jobless benefits fell for the third week in a row, matching economists' expectations.
Posted 3hrs 59mins ago by Latest financial news - CNNMoney.com.
Read full story for latest details.
Posted 4hrs 7mins ago by Latest financial news - CNNMoney.com.
Now that German market research firm GfK is out of the picture, there's little standing between WPP's Sir Martin Sorrell and his latest quarry: Taylor Nelson Sofres, or TNS, known mostly in the U.S. for its data on ad industry spending. If London-based WPP can complete the deal, it would top New York-based…
Posted 4hrs 25mins ago by Silicon Alley Insider.
A revised reading on gross domestic product announced Thursday showed much better U.S. economic growth than previously reported for the second quarter.
Posted 4hrs 27mins ago by Latest financial news - CNNMoney.com.
The UK's biggest umbrella company Tarpon, check them out!
Posted 4hrs 49mins ago by Mixx: Business.
New York City has plenty of money to fund startups, argues Path 101 cofounder (and former Union Square Ventures associate) Charlie O'Donnell -- deals easily get done by "random groups of angels, hedge fund managers, and other out-of-the-way pockets of cash." But, he says, we're still missing out on…
Posted 5hrs 4mins ago by Silicon Alley Insider.
It's a perfectly natural reaction: You lose your job and, in a panic, you immediately start calling and e-mailing your network and answering Internet job ads. The trouble is that, understandable as that course of action is, it's unlikely to get you where you want to go. Instead, take a deep breath,…
Posted 5hrs 34mins ago by Latest financial news - CNNMoney.com.
Stock futures pointed to a strong open on Thursday after the government reported that the second-quarter GDP surged to a surprising annual rate of 3.3%.
Posted 5hrs 38mins ago by Latest financial news - CNNMoney.com.
In May, Amazon CEO Jeff Bezos got us excited when he said he'd be launching a new streaming video-on-demand service in "the next several weeks." Turns out he really meant "several" -- it's been almost three months and the service is still in closed, private beta testing. We hear the beta is coming along…
Posted 6hrs 1min ago by Silicon Alley Insider.
Gas prices continued their slide, falling 11% from highs reached in July, according to a national survey of gas station credit card swipes released Thursday.
Posted 6hrs 29mins ago by Latest financial news - CNNMoney.com.
Read full story for latest details.
Posted 6hrs 32mins ago by Latest financial news - CNNMoney.com.
Take a good, long look at YouTube's (GOOG) homepage. You may not recognize it soon: The video site is trying out new ad format that will turn over a good chunk of the page to sponsors. The move is an obvious step that Google hasn't taken yet as it tries to wring money out of its hugely popular site.…
Posted 6hrs 44mins ago by Silicon Alley Insider.
Dell recently showed us that it's finally starting to figure out design -- its new line of PCs looks actually Mac-like. But the new machines won't figure in to its Q2 earnings, which we'll see this afternoon after the bell. What we are looking for: Clues from CEO Michael Dell about his consumer and…
Posted 7hrs 19mins ago by Silicon Alley Insider.
Sears Holdings Corp. said second-quarter profit fell 62% as the retailer continues to struggle to attract customers to its stores despite a high-stakes restructuring. The company also said that it expects that its sales and gross profit margins will continue to be pressured as it sees no near-term improvement…
Posted 7hrs 30mins ago by Latest financial news - CNNMoney.com.
It took the Human Genome Project $3 billion and 13 years to map the first genome and reduce it to a chemical code six billion letters long. Today, with faster computers and improved techniques, a research laboratory can sequence your DNA in about six weeks at a cost of $100,000 to $300,000.
Posted 7hrs 35mins ago by Latest financial news - CNNMoney.com.
Can NutriSystem still produce fat profits if cautious consumers stop spending money to slim down? Last year we recommended the stock of NutriSystem, which was No. 1 on Fortune's 2007 list of 100 Fastest-Growing Companies. But the weakening economy and the pullback in personal spending have hurt the…
Posted 7hrs 45mins ago by Latest financial news - CNNMoney.com.
Michael J. McCarthy once lived two lives. In one he traded utilities for Citigroup (C); in the other he ran the bawdy website Takeareport.com under the pseudonym "Large." McCarthy got so famous on Wall Street ("take a report" is industry slang for meaning that your order has been executed) that organizers…
Posted 9hrs 1min ago by Silicon Alley Insider.
Email marketing always gets a bad press… but a new study proves it’s actually the most effective and efficient marketing tool available to online entrepreneurs.
Sure, spam is still as problematic as ever. But if you’ve got a targeted list of opt-in
Posted 12hrs 2mins ago by Mixx: Business.
Since Brian likes me to cover the “conversion” beat for Copyblogger, I’ve been actively collecting spot-on quotes, resources, tip lists, etc. to help you make the most of your online sales/marketing copywriting efforts.
Posted 12hrs 54mins ago by Mixx: Business.
Let’s look at 10 key steps to writing and designing a landing page that will help get you the results you’re looking for...
Posted 13hrs 48mins ago by Mixx: Business.
The sunset is often more brightly colored than the sunrise,[citation needed] with the shades of red and orange being more vibrant. The atmosphere responds in a number of ways to exposure to the sun during daylight hours.
Posted 14hrs 22mins ago by Mixx: Business.
This won't resolve Viacom v. Google, or any of the other knotty copyright disputes roiling the Web. But it's certainly going to give sites like YouTube (GOOG) legal ammunition: A U.S. District judge in San Jose has ruled for video site Veoh in a copyright case filed by porn producer Io Group. Io, best…
Posted 15hrs 5mins ago by Silicon Alley Insider.
Barack Obama will cut taxes for over 95% of American families.
(even though more than half of American think he'll raise their taxes)
What's your Obama Tax cut? Let's find out!
Posted 15hrs 47mins ago by Mixx: Business.
This has become the equivalent of first snowfall stories that local TV news stations do every year: this gripe against Apple (NSDQ: AAPL) iTunes has been trotted out every year for the last five years or so, and now WSJ spends tons of words to rehash it again, though with some new twists. This time,…
Posted 18hrs 53mins ago by paidContent.org.
With ad agencies like WPP Group increasingly focused on Asia, Nicholas Guan, a social media researcher at the ad holding company's OgilvyOne unit, decided to look at the prospects for marketers considering ads across Facebook. The verdict: Facebook is fine for reaching Americans and those educated in…
Posted 19hrs 33mins ago by paidContent.org.
TiVo (NSDQ: TIVO) looks like it wrung decent numbers out of a mixed quarter… Revenue for the quarter was up 4.1 percent to $65.2 million, compared to $62.65 million in the year ago quarter. However excluding hardware, the service and technology portion of revenue fell to $53.5 million from $56.5 million.…
Posted 19hrs 36mins ago by paidContent.org.
-- Hollywood classics unavailable for legal download, Blu-ray not coming soon: With the online availability of movies becoming more widespread, it's a wonder there aren't more classics that can be legally streamed or downloaded. Variety reports that of the 25 most successful movies at the U.S. box office,…
Posted 19hrs 56mins ago by paidContent.org.
After a year in the works, TheWB.com is out of beta and opening to the public today. While the main draw to the site is the old shows that aired when The WB was known as a youth-centric TV network—e.g., Gilmore Girls, Everwood and Buffy The Vampire Slayer—TheWB.com also hopes to attract those currently…
Posted 20hrs 49mins ago by paidContent.org.
Update: We found out the sale price: it is about $10 million, our sources say. Original post: Lifetime Networks' digital push continues with its first acquisition—picking up privately held ParentsClick Network, both for its technology and its content. With it, Lifetime now is a player in the parenting…
Posted 21hrs 1min ago by paidContent.org.
YouTube’s office space is located in San Bruno, California. These pictures range from mid 2007-mid 2008, so they are pretty accurate as to what it looks like. Pretty cool!
Posted 22hrs 30mins ago by Mixx: Business.
Want to see a startup that's raised $275 million? Check out San Diego-based The Active Network, which just pulled down a $80 millon Series F--yes, F--led by ESPN (DIS) and joined by Canaan Partners, North Bridge Venure Partners and Performance Equity Partners, according to TechCrunch. The company was…
Posted 22hrs 41mins ago by Silicon Alley Insider.
TiVo (TIVO) turned in Q2 revenue slightly under Wall Street estimates, but it beat estimates on earnings by a wide margin due to "better than expected hardware margins and lower than anticipated operating expenses." Adjusted EBITDA came in at $10.6 million, compared to guidance of $3 million to $5 millon…
Posted 22hrs 46mins ago by Silicon Alley Insider.
Encouraging news for Apple: Its iPhone appears to be making inroads with some enterprise buyers. ChangeWave's August survey of almost 2,000 people "involved with I.T. spending in their organization" says that 17% of respondents plan to buy iPhones in the next quarter, up from 13% in May and 11% in February.…
Posted 22hrs 54mins ago by Silicon Alley Insider.
Top US social nets Facebook and MySpace haven't been able to capture the top spot in Japan, where publicly traded Mixi reigns supreme. Mixi itself, however, may be looking to expand in North America and in Europe. In an interview with Reuters, CEO Kenji Kasahara said the company would like to eventually…
Posted 22hrs 55mins ago by paidContent.org.
Artist (Phuah/Sak): Benjamin (BJ)Song Title: Lasi Hmel ThaAlbum: Hoilo Par MitthliGenre: AlternativeSuahkum: 2007
Posted 22hrs 55mins ago by Mixx: Business.
Like just about every other Web publisher, the New York Times has figured out that encouraging commenting on its stories is one of the best things it can do.* And like just about every other Web publisher, the NYT is trying to encourge commenting on its stories -- by highlighting the fact that people…
Posted 22hrs 55mins ago by Silicon Alley Insider.
-- LA Times: Having operated without an ad sales head since February, the LA Times has appointed a new EVP and chief revenue officer, Scott McKibben. Marking new Times Publisher Eddy Hartenstein's first major move, the company hopes McKibben will help boost flagging ad revs. Most recently, he was president…
Posted 22hrs 59mins ago by paidContent.org.
Another big hire for Endemol under the new regime. It's hired Disney-ABC-ESPN (NYSE: DIS) Television's EMEA EVP and MD Tom Toumazis as chief commercial officer, responsible for driving sales and distribution. Toumazis joined Disney in 2001 as EMEA SVP and MD of Buena Vista International Television;…
Posted 23hrs 4mins ago by paidContent.org.
An odd deal on multiple fronts… Hollywood Media (NSDQ: HOLL), the entertainment news and ticketing firm, is selling its flagship unit/domain, Hollywood.com. The buyer is R&S Investments, a firm controlled by the company's own chairman and CEO Mitchell Rubenstein and president Laurie Silvers. The price…
Posted 23hrs 5mins ago by paidContent.org.
The big John Edwards scoop isn't itself enough to turn the tide for American Media, publisher of the National Enquirer, Star and other titles. NYP is reporting that CEO David Pecker is pushing ('at the 11th hour') to refinance its massive debt load, hoping holders will accept a combination of cash and…
Posted 23hrs 6mins ago by paidContent.org.
Alibaba.com, the Chinese B2B marketplace, in which Yahoo (NSDQ: YHOO) holds direct and indirect stakes, said revenue for the first half of '08 jumped 47.8 percent to RMB 1.45 billion ($211.9 million). Net income was up 136 percent to 697.2 million ($101.8). In terms of raw numbers, Alibaba.com has 32.5…
Posted 23hrs 6mins ago by paidContent.org.
Some consolidation in the lower ranks of the online golf world… Stracka.com, which bills itself as "golf's premier social network" has acquired GolfQ.com, a golf promotions site. The two sites will remain separate: Stracka will focus on stuff like handicap recording and other tools, while GolfQ will…
Posted 23hrs 6mins ago by paidContent.org.
The Active Network, the big provider of sports-related technology, has just closed a huge, $80 million sixth round led by ESPN. Past backers participating in the round include Canaan Partners, North Bridge Venture Partners and Performance Equity Partners. The company, which has now raised $275 million…
Posted 23hrs 8mins ago by paidContent.org.
OK, it's the week before Labor Day, so since a reader asked, we checked in with editor Jim Ledbetter and Washington Post Interactive (WPO) to find out when we're going to see Slate's business spinoff, "The Big Money," Last we heard the startup was slated for summer launch and, well, summer's almost…
Posted 23hrs 47mins ago by Silicon Alley Insider.
While many other forecasters have been backtracking a bit on expectations for online ad spend growth this year, UK media shop Carat upped its forecast very slightly today. Back in March, the Aegis-owned agency said global online expenditures would be up 23.3 percent this year, and then slow to 18 percent…
Posted 23hrs 54mins ago by paidContent.org.
On July 31, an email landed in my inbox alleging that some venture capitalist insiders from Insight Venture Partners benefited disproportionately in last year's sale of online photo site Photobucket to Fox Interactive Media (NYSE: NWS), for about $300 million. Turns out WSJ also got a similar tip, dug…
Posted 1 day ago by paidContent.org.
She said it...in a short interview with Portfolio.com at Denver convention. Update: LAT does a rather snarky profile of HuffPo, and mentions that another infusion of capital, $10 million to $20 million, is in the works to hire more reporters and editors and upgrade the site's technology. We had known…
Posted 1 day ago by paidContent.org.
A year ago, Viacom's MTV got a not-totally-unexpected bump when Britney Spears made a humiliating/entertaining appearance on the cable network's annual award show. MTV has been publicly hoping for a repeat performance next week, and we can't really think of a good reason not to do so, besides the whole…
Posted 1 day ago by Silicon Alley Insider.
After this month's split-up into five units, IAC (IACI) becomes a more Web-focused company, and new startups are a big part of the strategy. To wit: the NY Post reports today that Barry Diller is launching a spinoff of two-year-old virtual world Zinky.com. "Zwinky Cuties" is aimed squarely at Disney's…
Posted 1 day 1hr ago by Silicon Alley Insider.
Apple's iPhone app store is Apple's iPhone app store -- which means Apple can block whatever app it wants for whatever reason it wants. So we have no problem with Apple's banning a comic book called "Murderdrome" because the company thought it was objectionable -- that's Apple's call. But it reinforces…
Posted 1 day 1hr ago by Silicon Alley Insider.
Alibaba Group, the Hong Kong-listed e-commerce firm 39% owned by Yahoo (YHOO), said net profit rose 159% in Q2, helped by interest income on the proceeds from its huge IPO last fall. But all is not well in China's nascent e-commerce market, and CEO David Wei says the company, which facilitates trade…
Posted 1 day 2hrs ago by Silicon Alley Insider.
In the eighteen months since Apple dropped Computers from its name, the company has greatly expanded its reach. However, with massive growth have come security flaws, software bugs, faulty hardware and a plethora of other puzzling problems.
Posted 1 day 2hrs ago by Mixx: Business.
One thing TiVo (TIVO) likes to do: pre-announce incremental business deals ahead of earnings. But this one is weak even by their standards: TiVo users will now be able to automatically record shows suggested by the sage staff of Entertainment Weekly. It's part of CEO Tom Rogers' plan to do a deal with…
Posted 1 day 3hrs ago by Silicon Alley Insider.
NYC-based "microblogging" service Tumblr just rolled out a new version of its site this week. Included in the update: A new design for the back-end "dashboard," where users prepare Tumblr posts and read others' tumblelogs, and a basic search function. But it's also just rolled out a handful of new discovery…
Posted 1 day 4hrs ago by Silicon Alley Insider.
Like just about everyone else making ad forecasts, Aegis media buying unit Carat has just lowered its' estimates for 2008 advertising growth. But unlike just about everyone else, Carat raised its forecast for online advertising, noting that dollars are shifting online faster than they expected in March.…
Posted 1 day 5hrs ago by Silicon Alley Insider.
How eager is Adobe to remind us that its Flash video is still the world's dominant Web video format -- not Microsoft's newish rival Silverlight, which NBC just introduced to mainstream America via its Olympics video site? Eager enough to have Adobe (ADBE) "technology evangelist" Ryan Stewart write a…
Posted 1 day 5hrs ago by Silicon Alley Insider.
JC Penney is among the most-searched stocks on TheStreet.com. Here's what Cramer had to say about it recently.
Posted 1 day 6hrs ago by Top Read Stories.
The WSJ's Peter Lattman spends several hundred words today exploring the behind-the-scenes story at Photobucket and Insight Venture Partners, the primary investor in the photo-sharing site prior to its 2007 sale to News Corp. The gist: Rather than bringing the deal to its limited partners, IVP employees…
Posted 1 day 6hrs ago by Silicon Alley Insider.
We're continuing to hear anecdotal evidence of new spam/virus outbreaks at Facebook, something the NYT picks up on as well: Facebook acknowledges that it has been under attack but suggested the problems are largely under control. 'Over the past few days, we have received reports from users of spam and…
Posted 1 day 7hrs ago by Silicon Alley Insider.
The outlook for UK news publishers is as gray and overcast as this summer's weather has been, as the latest earnings testify. Johnston Press, the country's second largest regional news company with 300 weekly titles and 323 websites, saw pre-tax profit slump 18.1 percent to £62.5 million ($115 million)…
Posted 1 day 7hrs ago by paidContent.org.
