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San Diego Mayor Jerry Sanders’ two-year play to fix the city’s difficult financial situation will keep public libraries and recreational centers closed on most days. The plan will also cut back on funding for police officers. Details of the plan will be released at a news conference on Thursday. Sanders’ proposed budget, which is set [...]
Archive for the ‘Finance’ Category
Facebook Wants Users Mobile Number and Personal Address
Posted by Charles Wellington on January 20th, 2011
Facebookers beware – the social network giant wants your mobile phone number and personal address. Why your mobile number? Facebook claims that having a users cell phone number can help its developers create better programs, games, and social widgets – all of which will make a users Facebook experience that much better. Some examples of [...]
Facebook Not Shutting Down
Posted by Stephen Lee on January 11th, 2011
Rumors have been flying all around the internet that the social networking giant, Facebook.com, will be shutting down on March 15 due to CEO Mark Zuckerberg wanting “his old life back,” and to “put an end to all the madness.” Larry Yu, Facebook’s Director of Corporate Communications “the answer is no, so please help us [...]
Posted in Business, Featured News, Finance, IT Gadgets 
Tags: Facebook, facebook march 15, facebook rumor, facebook rumors, Facebook shutdown, march 15, Mark Zuckerberg, News conference, Palo Alto California, Rumor, Social network service, Vice President of the United States, Weekly World News 
No Comments »Boeing Expected to Resume 787 Dreamliner Testing
Posted by Charles Wellington on December 23rd, 2010
On Thursday, The Boeing Company announced the re-flight testing of the company’s 787 Dreamliner. The resumed testing occurred six weeks after an onboard fire occurred during a previous flight test, which caused power failure. A provisional version of a power distribution system software has replaced the previous power destitution system that was believed to caused [...]
Cyber Monday Up 20% From Last Year
Posted by Rebecca on December 1st, 2010
Cyber Monday, the first Monday after Thanksgiving saw sales surge nearly 20% from last year according to an analytics group. “Cyber Monday came in as the biggest shopping day of the year so far,” said the chief strategy officer of Coremetrics, a unit of IBM Corp. (IBM, Fortune 500) Cyber Monday is a recent phenomenon [...]
Posted in Business, Featured News, Finance Tags: Black Friday, Coremetrics, Cyber Monday, Fortune 500, Google, IBM, Online shopping, Thanksgiving No Comments »Microsoft: More than 2.5 Million Xbox Kinects Sold in First Month
Posted by Jason on November 30th, 2010
Microsoft has experienced a huge first month for their long awaited Xbox Kinect, exceeding 2.5 million in sales in just the first month. The device, aimed to appeal to the novice gamer, runs $150 and allows users to play video games without the use of a controller. Comparatively Apple sold only 1 million iPads in [...]
Posted in Featured News, Finance, IT Gadgets Tags: Black Friday, Christmas and holiday season, Don Mattrick, Game, Gamer, Gaming, iPad, Kinect, Microsoft, Retailing, Target Corporation, Xbox No Comments »Obama Recommends Federal Wage Freeze
Posted by Amelia on November 29th, 2010
President Barack Obama proposed a two-year wage freeze for federal employees. With the deficit forecasted to exceed $9 trillion over the next 10 years, the freeze if approved could save $60 billion in the same decade. Policymakers will need to makes some tough decisions about curbing the national debt. “It’s a real money issue and [...]
GM’s Set to Re-enter the Stock Market Thursday
Posted by Charles Wellington on November 15th, 2010
Back in June 2009 General Motors was forced into a state backed bankruptcy reorganization, and as early as Thursday the US automaker expects to re-enter the stock market and take one giant step away from government control. GM announced on November 3, that the company’s initial public offering could be worth 15 billion dollars if [...]
Google Fires Employee Over Bonus Memo
Posted by Stephen Lee on November 11th, 2010
On Tuesday, Google’s CEO Eric Schmidt revealed to his fellow Googlers that they will be receiving a 10% pay increase. The document that disclosed the information about the bonus was leaked to Business Insider – and hours later, the employee that leaked it was fired. A Google spokesman stated “While we don’t typically comment on [...]
GM Posts Third-quarter Profit of $2 Billion
Posted by Amelia on November 10th, 2010
General Motors Co posted its largest quarterly profit since it emerged from a July 2009 bankruptcy. GM said profits since 2004 the company has not seen a full-year profit. Sales incentives, lower operating costs in General Motor’s U.S. operations play a large part in the recent profit. “It obviously will bode well for the IPO,” [...]
Posted in Business, Featured News, Finance Tags: Bankruptcy, Buick LaCrosse, Chief executive officer, Detroit, General Motors, Initial public offering, IPO, profits No Comments »