Company News

5 ultra-fast supercomputers

Chinese reclaim top spot with a supercomputer almost twice as fast as any other system.  More

Boeing's 787 nightmare is over

The Dreamliner maker's stock is the 2nd best performer in the Dow this year as worries about Boeing's 787 battery problems fade.  Play

At long last, Microsoft Office comes to the iPhone

Office Mobile for iPhone is available (and free) only for users who subscribe to Office 365.  More

3 stocks people are buying now

Three of the most popular stocks last week had one thing in common: they all recorded steep declines, making them bargains.  More

Lululemon's stunt job posting gets 160 applications

So far, 160 people have applied for a joke job posting for lululemon's recently-vacant CEO spot.  More

Video game controllers need innovation

Motion control games were supposed to be the hallmark of the new video game age, but Sony, Nintendo and Microsoft aren't committing to them.  More

Singapore raps 20 banks for trying to rig rates

Singapore has rapped 20 banks for allowing 133 traders to attempt to manipulate interest rate and foreign exchange benchmarks over a period of four years.  More

Nintendo keeps betting on Wii U

With less than stellar sales, many are questioning whether Nintendo's Wii U can keep up with upcoming Xbox One and Playstation 4. However, Nintendo President Reggie Fils-Aime says future game releases will drive the console's popularity.  Play

Restoration Hardware rides housing wave

Home furnishing chain Restoration Hardware is a phenomenal turnaround story since its return as a publicly-traded company last year.  Play

Who owns 'Happy Birthday?' Lawsuit seeks return of millions

Suit seeks return of millions in copyright payments collected annually by Warner/Chappell Music, which claims to own the 120-year old song.  More

Cyberattacks hit Iran's Gmail users as election begins

Phishing campaigns spike on eve of Iranian election.  More

Smith & Wesson booked record sales as gun debate raged

Gun maker Smith & Wesson reported record quarterly and full-year results in an early announcement Thursday.  More

Myriad Genetics whipsawed on Supreme Court gene ruling

The U.S. Supreme Court ruled on Thursday that human genes can't be patented, which opens the door for other labs to conduct testing for genetic disposition to cancer. Shares of Myriad initially surged on the news but wound up losing all of its gains.  More

Drugstores in a pickle over 'conscience clause' on Plan B

Drugstores have long protected pharmacists who morally oppose emergency contraception. But that could change now that Plan B One-Step will be sold over the counter.  More

Xbox One vs. PlayStation 4

Microsoft and Sony's new gaming consoles offer similar features and graphics but differ in exclusive games and price.  Play

Nintendo sticking to its strategy despite soft sales

Nintendo's plan for the future is to follow the lessons of the past. But can that work for the struggling video game company?  More

Safeway is a safe haven ... for now

Shares of the supermarket chain surged after Safeway said it was selling off its Canadian operations. But are investors too excited?  Play

U.K. urged to probe Google's tax affairs

U.K. authorities should launch a full investigation into Google's "manifestly artificial" corporate structures to ensure it is complying with tax law, a committee of lawmakers said Thursday.  More

Virgin Money preparing for IPO

After facing a dramatic bank run and a massive government bailout in early 2008, Northern Rock is back in the headlines as its owner, Virgin Money, prepares for an IPO.  More

Inside a $113,000 stand-out SUV

The Mercedes Benz G550 will run you $100k plus but with it's boxy good looks it still turns heads on the road.  Play

Truckers face big labor shortage

Trucking companies already have a shortage of about 30,000 workers, and new federal rules that reduce driving hours could create a need for an additional 100,000 drivers.  More

Intel could make $200 touchscreen PCs a reality

Intel has the power to lower PC prices drastically, and the company thinks it could get ultra-thin touchscreen notebooks to as low as $200 by the end of this year.  More

Hands on with Sony's Playstation 4

Sony is betting that high resolution graphics and ergonomic controllers will attract gamers to the Playstation 4.  Play

$100 gaming console coming soon

The upcoming Ouya box may not be the most powerful, but could be every bit as fun  More

Cisco plans to double the speed of the Internet

Cisco's new core router will provide speeds that double what's currently on the market.  More

Goodyear stock rising like its blimp

Shares of Goodyear got a boost after its rival Cooper is bought out by an Indian tire company. But investors need to be careful or they could get stuck with a flat tire stock.  Play

Interns at Google probably make more than you

Google interns get paid about $20,000 for a summer.  More

L.A. Gear still kicking

The sneakers with the flashing lights were everywhere in the 90s. And even though the company fell on hard times, the brand is still with us today.  Play

Pandora buys South Dakota radio station in bid for lower royalty rates

Pandora is angry about the royalties it's paying to music publishers, so it bought a radio station.  More

Yahoo's Marissa Mayer auctioning off lunch for charity

Following in the footsteps of Warren Buffett, Yahoo CEO Marissa Mayer will have lunch with a winning bidder to raise money for charity.  More

Walgreen to pay $80 million in painkiller settlement

Walgreen has agreed to pay $80 million to settle allegations that the pharmacy negligently allowed pain killers to make their way onto the black market.  More

Google says it 'has nothing to hide' on snooping

Google wants to make its compliance with secret government data requests public.  More

Top paid CEO in U.K. is an American woman

Burberry's Angela Ahrendts is the best paid and best dressed CEO in the U.K.  More

Booz Allen fires leaker Snowden

Booz Allen fires Snowden after reports that he admitted to disclosing the NSA's phone and Internet monitoring program.  More

$27,500 gun hits targets at 1,000 yards

A Texas start up is selling rifle with a unique technology that lets even an inexperienced shooter to hit a target 10 football fields away.  More

Google buys social mapping service Waze

Google's Waze purchase gives the search giant access to a treasure trove of crowd-sourced mapping and location data.  More

Big Tobacco back on TV with e-cigarette ads

Some of the nation's biggest tobacco producers are rolling out TV ad campaigns for e-cigarettes.  More

E-cigarettes from Big Tobacco coming soon

With e-cigarettes becoming more and more popular with smokers, Big Tobacco companies like Altria and R.J. Reynolds are jumping in the market.  Play

SoftBank sweetens Sprint offer

Japan-based Softbank increased its offer for wireless carrier Sprint on Tuesday, offering $21.6 billion to help counter an unsolicited bid from Dish Network.  More

Sony fires first shot in gaming price war

Shares of Sony shot up -- even as the Nikkei slumped -- on reports it will sell its new PS4 at a big discount to Microsoft's Xbox One.  Play

Tim Cook takes stage at Apple's iOS 7 event

It's been nine months since Apple's last major product announcement, and investors and customers have been disappointed in the lull.  More

With iOS 7, Apple gets its mojo back

Apple's updated iOS 8 may not be revolutionary, but it's exactly what Apple needs to succeed.  More

Apple's new products in 90 seconds

Apple unveiled new versions of its mobile and desktop software along with a streaming music service on Monday.  Play

Apple overhauls iOS for the future

Apple completely redesigned and revamped its mobile operating system to give it a more modern feel.  Play

Booz Allen Hamilton in spotlight over leak

Edward Snowden, who has worked for Booz Allen Hamilton, says he is the source of a leak that exposed an NSA program that is thought to have collected vast amounts of phone and internet data.  More

What Snowden's coworkers say about Booz Allen

Life at Booz Allen Hamilton, the consulting giant where Edward Snowden worked for three months, seems pretty grand.  More

French probe catches Lagarde's former top aide

French prosecutors detain the head of the country's biggest telecoms group Orange and IMF managing director Christine Lagarde's former chief of staff for questioning about his role in settling a business dispute in 2008.  More

Has Apple lost its cool factor?

As competitors gain steam with new products, investors and customers are looking for an innovative breakthrough out of tech giant Apple.  Play

Google ... Facebook ... Paltalk?!

Paltalk video chatting service is one of the more obscure companies targeted by the NSA.  More

Big tobacco lights up new e-cigarette

R.J. Reynolds, maker of Camel and Pall Mall cigarettes is launching Vuse, its first electronic cigarette.  Play

Stocks: Consumers vs. producers

The week ahead will offer investors a closer look at the two conflicting sides of the U.S. economy, as told by optimistic consumers on one side and pessimistic industrial producers on the other.  More

Apple's innovation conundrum

Apple needs to constantly innovate and develop new products to succeed, unlike some of its closest competitors.  More

GE CEO: China will drive energy tech

At the Fortune Global Forum in Chengdu, China, GE CEO Jeffrey Immelt says that future energy development will be focused in China.  Play

Buffett lunch goes for $1 million

Annual auction of lunch with Warren Buffett goes to top bidder of $1 million. The real winner: Clients of anti-poverty charity GLIDE in San Francisco.  More

Wal-Mart: We promote 500 workers a day

At its annual shareholder meeting, Wal-Mart can't escape criticism about how it treats workers and it' response to Bangladesh's garment factory collapse.  More

Dimon: Road back to normal 'scary'

JPMorgan Chase CEO Jamie Dimon says that 'as we go back to normal it's going to be scary' at the Fortune Global Forum in Chengdu, China.  Play

Apple TV needs apps

The Apple TV has always been an excellent streaming box, but it has been limited by one crucial missing element: apps.  More

Online gambling toes a confusing legal line

The rules vary by state, and they're dependent on the very specific legal definitions of 'gambling' versus 'betting.'  More

Phone company slams govt snooping, but can't stop it

The nation's wireless companies have been largely silent in the wake of revelations that the government is collecting phone records potentially covering millions of Americans from industry giant Verizon. One exception: CREDO Mobile. which bills itself as "America's only progressive phone company."  More

China builds fastest supercomputer in the world

China develops a supercomputer that is twice as fast as anything America has to offer.  More

Taxpayers to make $1 billion from GM stock sale

Treasury and union trust fund announce they will time sale of GM stock to correspond with its entrance back into the S&P 500.  More

Inside a $350,000+ Porsche

Sue Callaway goes inside Singer Vehicle Design, an exclusive Porsche shop in Southern California that takes old Porsches and modernizes them, for a price.  Play

Samsung passes Apple in U.S. smartphone market - report

A recent survey by Canaccord Genuity shows Samsung is outselling Apple in the U.S. smartphone market.  More

Chrysler recall controversy: What's next

What happens to Jeep Grand Cherokee and Liberty owners now that Chrysler is fighting safety regulator's call for a recall.  More

Apps claim they can keep phone records secure

Even though Verizon reportedly gave up call logs for its customers, there may be ways to avoid having the government seeing your phone logs.  More

Chrysler and NHTSA agree to disagree

Chrysler refuses to recall almost 2.7 million Jeep vehicles as requested by the National Highway Traffic Safety Administration.  Play

Jobless claims: Less firing, but where's the hiring?

Fewer Americans filed first-time claims for unemployment benefits last week, pointing to more slow and choppy improvement in the job market.  More

Pizza delivery by drone: Just a fun concept

Although Dominos excited many people with its video of a pizza-delivering drone, it is still very much a concept. Here's why delivery drones aren't feasible in the foreseeable future.  Play

Treasury to sell some GM stock

Treasury and union trust fund announce they will time sale of GM stock to correspond with its entrance back into the S&P 500.  More

Why Adobe made a pen & ruler for the iPad

The maker of Photoshop and Illustrator software has created a stylus and ruler for designers to better create things on the iPad.  Play

Google reclaims Android control with 'Nexus Experience'

The Samsung Galaxy S4 and HTC One have been Google-fied, but that's only just the start.  More

Hiring at small businesses tapers off

Small businesses added 58,000 jobs in May, according to ADP. The pace is slow, and 2013 is turning out to be another sluggish year.  More

Verizon inks deal to live-stream Sunday afternoon NFL games

Verizon extends its deal to stream NFL games, this time giving customers the ability to watch CBS and Fox games on Sunday afternoon.  More

Spam doubles as bull market returns

Spam email soars as scam artists take advantage of naive investors.  More

When will Musk take Space X public

Wall Street can't get enough of all things Elon Musk, but despite business success his rocket company Space X has yet to announce IPO plans.  More

ADP: Private sector job growth still weak

The monthly ADP jobs report shows private sector employers added 135,000 jobs in May, falling short of economists' expectations.  More

Tesla's challenge to dealerships sputters in Texas

Tesla has tangled with dealership associations in a number of states in its effort to sell its Model S electric sedan directly to consumers rather than using franchised car dealers.  More

Domino's tests drone pizza delivery

In perhaps the first bit of "technological research" to involve flying pepperoni, Domino's U.K. has released a concept video showing an unmanned drone delivering pizzas.  More

Airline mega-merger will have bumps

US Airways CEO Doug Parker and American Airlines CEO Thomas Horton discuss the strategy behind the creation of the world's largest airline.  Play

New Chinese hacker group targets governments and nuclear facilities

Kaspersky Lab uncovered a new Chinese hacker group that is targeting the U.S. government and private industry.  More

Chrysler refuses to recall 2.7 million Jeep SUVs

Chrysler Group says Jeep Grand Cherokee and Liberty SUVs that federal safety regulators say is at risk of fire in rear-end crashes are safe.  More

United wants you to pay $499 a year for extra legroom

Under two new subscription programs, United is offering customers the chance to prepay for a year's worth of checked baggage fees or for seats with extra legroom.  More

Breaking the bank to see Mickey

A trip to Walt Disney World is getting more expensive for families with a one-day pass going up to $95.  Play

Obama cracks down on patent trolls

The Obama administration issued five executive actions to cut down on patent trolls' abuse of the court system.  More

Lululemon solves sheer yoga pants problem

Lululemon says it will ramp-up supplies of black luon yoga pants this month after changes in material to solve problem that made them see through.  More

The weak dollar: Dollar General sinks

Bargain retailer Dollar General warned of slowing sales growth ahead. That may be a bad sign for the economy.  Play

Wal-Mart's low wages cost taxpayers

Many Wal-Mart workers have to rely on public assistance like food stamps and Medicaid because of the low wages they are paid. It's a cost that's borne by taxpayers.  More

Billabong shares crater as takeover talks end

Shares of Australian surfwear company Billabong plummeted Tuesday, losing more than half their value as the company announced an end to takeover talks and warned of lower profits.  More

A tornado destroyed my business. Now what?

After a tornado or other natural disaster, it's pivotal for entrepreneurs to properly manage employees, customers and vendors. Here's how these business owners did it.  More

Zynga lays off 18% of staff

Zynga is laying off 520 employees, or 18% of its workforce, and will close down a few office locations.  More

Out of the closet on Wall Street

As Wall Street firms publicly support lesbian, gay, bisexual and transgender equality and same-sex marriage, some say it's slowly becoming easier to be out of the closet on Wall Street - but there's still a long way to go.  More

Dora and SpongeBob head to Amazon service

Netflix let its Viacom streaming deal expire last month, and Amazon took advantage immediately.  More

America's car shopping spree continues

Major automakers all report improvement from year-ago and April car sales level; Ford ups production plans.  More

Ford recalling 465K cars for fuel leak

Ford announced recall of 465,000 2013 model year cars due to fuel leak that poses fire risk.  More

Wal-Mart: Where we met and got married

Wayne and Susan Brandenburg met at Wal-Mart, where she was a cashier. Seven years later, they got married in the store's layaway department a few feet from where they met.  More

Analyst wants Microsoft to break up

Microsoft breakup calls are a dime a dozen, but the latest might really make the company listen.  More

Is pork a U.S. national security asset?

Smithfield Foods buyout by Chinese company raises opposition  More

Bidding begins for lunch with Buffett

Auction starts for chance for eight to have lunch with Buffett. Last year's lunch raised $3.5 million for charity.  More

Investors flee SAC Capital

After SAC Capital said it would stop cooperating with the government, major investors in the hedge fund have decided to withdraw funds ahead of its redemption deadline.  More

Forget .com: Get ready for .google and .apple

ICANN's largest-ever expansion of the Internet's naming system is almost here: Hundreds of new domains are slated to roll out this year, starting as early as this summer.  More

Buffett buys Roanoke Times in latest newspaper acquisition

Warren Buffett's Berkshire Hathaway will add the Roanoke Times to its growing stable of newspapers.  More

The dividend craze may be over

Dividend paying stocks have fallen out of favor as bond yields rise and the economy strengthens.  More

Crowdfunded telescope puts your photo in space

Planetary Resources launched a Kickstarter campaign for "the first publicly accessible space telescope," and backers will be able to use it in a variety of ways.  More

Twitter's identity crisis

Twitter wants to be the jack of all social media trades, but has yet to master a single one.  More

Gmail's new killer feature: Spam blocking 2.0

The latest update to Google's mail service brings powerful auto-sorting features so users only have to look at messages that they actually care about.  More

Waste Management vs. unions

CEO David Steiner talks about why union membership has dropped 10 percent inside his company.  Play

ExxonMobil rejects LGBT discrimination ban

For the 14th year in a row, shareholders at oil giant ExxonMobil overwhelmingly shot down a proposal that would specifically prohibit discrimination based on sexual orientation and gender identity.  More

Oil giant in hot water over Iran bribes

Total will pay nearly $400 million to U.S. authorities after admitting to a bribery scheme aimed at securing development rights in Iran.  More

Starbucks baristas battle to keep their tips

Who should get the tips you leave in that plexiglass box at Starbucks is the question at the center of a dispute in the New York Court of Appeals.  More

Will Apple make an iWatch?

At the All Things Digital conference, Apple CEO Tim Cook says many companies will soon be in the wearable technology space.  Play

Empire State Building clears IPO hurdle

Shareholders announce they have the votes to move forward with plans to take the iconic Empire State Building public.  More

Apple's new security system has holes

Apple recently beefed up its authentication system in an effort to thwart hackers, but a new report shows the security measure is lacking in a huge area.  More

Will someone finally buy Hulu?

Yahoo is one of several companies rumored to be considering a buyout of Hulu. But the media firms that own the online video site may not like the asking prices.  More

China's expensive love affair with pork

The multi-billion dollar acquisition of Smithfield Foods by Shuanghui International makes sense given China's rising pork consumption and growing market, analysts say.  More

Where Waste Management can't collect trash

CEO David Steiner talks to Adam Lashinsky about the few places in the U.S. where Waste Management is not able to pickup garbage.  Play

Is Tesla's stock running on fumes?

Shares of the electric car maker have soared. But there are some concerns that expectations are way too high for Tesla.  More

Moms are breadwinners in record 4 out of 10 households

Moms are the sole or primary breadwinner in four out of 10 households with children. But 51% of Americans believe children are better off when a mom stays home with the kids and doesn't hold a job, according a Pew Research Center study.  More

Wal-Mart pays $82 million fine for hazardous waste

Wal-Mart will pay $82 million for violating the Clean Water Act and other environmental regulations, after dumping pesticides and other hazardous materials down the drain.  More

Nike to stop making Livestrong products

Nike will stop making Livestrong products at the end of this year, the company said on Tuesday.  More

Arrests made in $6 billion cyber-laundering case

Arthur Budovsky, who ran global online cash transfer business Liberty Reserve out of Costa Rica, was arrested in Spain and charged with laundering $6 billion.  More
Opinion
Apple is not overvalued ... yet

Apple is still reasonably priced, but it's no longer dirt cheap.

Opinion: Apple and Cisco are better than bonds

Who needs to own a boring U.S. Treasury bond when you can buy an exciting tech stock and get a similar -- or in many cases, higher -- yield in the process?

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