Crash and Burn: Microsoft Fined $730 million by European Union

  European regulators have fined computer giant Microsoft roughly $730 million for failing to uphold an agreement to offer users with a choice of Internet browsers.    The European Union warned the software empire last October that it faced a steep fine following the results of an antitrust investigation launched ...

Stock Market Soars to Record High

  The Dow Jones Industrial Average climbed to a record high during Tuesday’s trading hours. The Dow rallied more than 150 points higher at one point on Tuesday to an all-time high of 14,286.37. This number tops both the Dow’s intraday and closing records set during October of 2007. Additionally, the S&P 500 added ...

Waterproof Tablets and Phones set to make a Splash

  Consumer electronics and water seldom mix, and for many users, there are few things more annoying than a tablet or smartphone that’s been accidentally dropped in water. A trip to the bathroom or a rainy day used to require babysitting our expensive devices. “I cannot tell you how many users I know who have accidentally ...

Is the Cure for HIV at Risk because of Budget Cuts?

  Dr. Deborah Persuad of Johns Hopkins Children’s Center spearheaded a remarkable treatment plan that cured the HIV virus in a toddler. However, the budget cuts undertaken by the United States Federal Government will reduce funding delivered to the National Institutes of Health, which co-founded the incredible achievement ...

Hess to Quit Retail Gasoline Business

  The Hess Corporation is set to discontinue its retail gasoline operations along with its marketing and energy trading businesses to focus on production and exploration, the company announced on Monday.    Hess also announced it will boost its yearly dividend to $1 per share and buy back up to $4 billion in company ...

The Rich get Richer: Forbes' Rankings finds 210 New Billionaires

  The Forbes Rankings, which lists the wealthiest men and women in the world, was released today and revealed a record 1,426 billionaires spread throughout the world. According to the latest tally from Forbes, rising stock prices and a shift to normalcy in the markets added 210 new members to the exclusive 10-figure club.  ...

Yahoo Defending No-Work-At-Home Polic

  Internet giant Yahoo is responding to backlash of a decision to prohibit employees from working at home, claiming it is the right move for the company.    “This is not a broad industry view on working from your home, this is about what is right for Yahoo at this time and going forward,” said a company ...

Henry Barbour: ‘Two Sides to Every Issue

Henry Barbour, a member of the Republican National Committee and one of five GOP members tasked with developing a new GOP strategy following the failed 2012 elections, refused to say if climate change is one of the focal points his party should address, stating “there are two sides to every issue.” During a Thursday appearance ...

Office Depot Announces Merger with Rival OfficeMax

  Office Depot just announced a deal to merge with smaller rival OfficeMax in an all-stock transaction worth approximately $1.2 billion. Details on the prospective deal; however remain limited.    The companies claim they expect to save approximately $400 to $600 million annually from the merger, but there were ...

American and US Airways Announce $11 Billion Merger

  Ending a courtship that lasted over a year on the part of US Airways, American Airlines agreed to merge with the smaller US Aiway’s to pave the way for the creation of the country’s largest airline.    The boards of both companies unanimously approved the deal, which is to be valued at roughly $11 ...

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