Facebook has been dealt another blow after Zynga, the gaming company responsible for much of its revenue, announced that it was slashing its outlook for the year. Facebook shares had slipped by 2.5% to $21.41 by Friday afternoon after Zynga announced that its number of paying customers had fallen. Analysts have once again reduced their expectations for Facebook over fears that the company is over…
r lock and key at SunTrust Banks Inc and the move ties in with the company’s 125th anniversary. However, there have been suggestions in the U.S that the move follows SunTrust’s decision in 2007 to slowly begin selling its shares in Coca-Cola, although both companies have denied that. Sun Trust, which provided underwriting services to Coca-Cola when it went public in 1919 and received s…
…e made $1.13 billion on the sale. By the end of trading on Tuesday however the price had dropped to $31 meaning Mark Zuckerberg saved himself a cool $174 million by getting out early. Mark Zuckerberg, 28, still holds a vast amount of Facebook stock but his decision to sell off so much will leave investors wondering about his confidence in the company. The drop is based around the realization that…
…ed in meeting human needs than in building and maintaining weapons systems.” The Ben & Jerry’s company was founded in 1978 and launched a “Hubby Hubby” ice-cream in support of same-sex marriage in 2009. Ben & Jerry’s also launched a “Yes Pecan” flavor to celebrate Barack Obama’s becoming U.S. president. The Vermont-based company often holds free ice-cream giveaways – so Occupy…
Star Wars creator George Lucas has sold his film production company Lucasfilm to The Walt Disney Company in a deal worth $4.05 billion. George Lucas said: “It’s now time for me to pass Star Wars on to a new generation of film-makers.” In a statement announcing the purchase, Disney said it planned to release a new Star Wars film, episode seven, in 2015. That will be followed by e…
Facebook has now surpassed one billion people using it every month, the company has said. The passing of the milestone was announced by founder Mark Zuckerberg on US television on Thursday. The company said that those billion users were to date responsible for 1.13 trillion “likes”, 219 billion photos and 17 billion location check-ins. The site, which was launched in 2004, is now look…
Tony Post, the chief executive of Vibram USA and former marathon runner, introduced the minimalist Five Fingers running shoe in 2007. The footwear, which Tony Post describes as “ballet shoes with toes”, entered the market just as the so-called “barefoot” running craze took off in the US. What started as a way to showcase the company’s design skills quickly ballooned…
Jun 1 2012 | Posted in
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…ools such as Hirisplex could be useful in those cases where the perpetrator is completely unknown to the authorities, said Prof. Manfred Kayser, who led the study. He said the test “includes the 24 currently best eye and hair color predictive DNA markers. In its design we took care that the test can cope with the challenges of forensic DNA analysis such as low amounts of material.” Pro…
$1trillion. He said in his report: “Apple fever is spreading like a wildfire around the world.” Gene Munster, of Piper Jaffray, followed that up by claiming Apple stock will hit $1,000 – but by 2014. Apple, based in Cupertino, California, is already the most valuable company in the world currently valued at $590.82 billion. Wall Street analysts have predicted that Apple will become the wor…
…ns in November, Hostess had said it would retain about 3,000 workers to shutter plants and perform other tasks. The following month, an attorney for Hostess said in court that figure was down to about 1,100 employees. The liquidation of Hostess ultimately means the loss of about 18,000 jobs, not including those shed in the years leading to the company’s failure. The company’s demise ca…
Mar 13 2013 | Posted in
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LucasArts, the games developer responsible for the Star Wars series of games, will be shut down by the Walt Disney Company. Disney plans to license the Star Wars games brand to other developers. However, Star Wars 1313, which has already been developed for demonstration at industry events is expected to be halted. Disney inherited LucasArts in October last year, when it bought LucasFilm for $4.05…
Mining company Xstrata has formally announced plans to merge with the world’s biggest commodity trader, Glencore. The deal would value the combined new business at $90 billion, of which Xstrata would comprise $39 billion. The announcement came as Xstrata revealed a 20% increase in profits for 2011, to $5.9 billion. But two major Xstrata shareholders say they will vote against the deal as it…
Feb 7 2012 | Posted in
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…uately express our sadness at Steve’s death or our gratitude for the opportunity to work with him. We will honour his memory by dedicating ourselves to continuing the work he loved so much.” In April 2011, Steve Jobs seemed frail sparking speculation he would have to resign Within minutes of his death being confirmed, tributes to Steve Jobs began flooding the web, led by President Barack Obama, w…
…EWLETPACK TouchPad Tablet PC – 16GB + TouchPad Touchstone Wireless Charging Dock + TouchPad Case HEWLETPACK TouchPad 32GB Tablet PC + TouchPad Case + Wireless Charging Dock 16gb : Product code: 268777 32gb : Product code: 835434 Use code TABLET5 for 5% discount – total price £189 delivered. Updates for 9/7: B&T, Datavis, POSGlobal – RueDuCommerce sold 1000 units in 10 minutes. The…
2012 President Obama State of the Union Barack Obama's State of the Union address 2012 Here is the Speech…. according to the New York Times…but not on….. are many other issues that effect the American People…yesterday, today & tomorrow ……that were not addressed in the speech at all…….as there are so many problems around us it is hard…
…u and I wish you only the best going forward.” Yahoo has appointed chief financial officer Timothy Morse as CEO on an interim basis, but plans to search for a permanent replacement for Carol Bartz. In 2000, Yahoo shares achieved its peak , being traded for $125, but on Tuesday they closed at $12.91. Yahoo lost further ground in the race against Google during Carol Bartz’s tenure, despite act…
…ll be heard next year. Facebook said in an email statement: “We are reviewing the decision and continue to believe the case is without merit.” The case comes after as a privacy watchdog set Facebook a 2012 deadline to change dozens of policies to improve users’ privacy. Ireland’s privacy watchdog, the Data Protection Commissioner, audited Facebook’s international headquarters in…
An anonymous author who works in the pharmaceutical industry wrote several anonymous editorials in this weeks British Medical Journal in which they claim: “Some of the [post-marketing] studies I worked on were not designed to determine the overall risk/benefit balance of the drug in the general population. They were designed to support and disseminate a marketing message.” According to the writer…
Jun 14 2012 | Posted in
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The Walt Disney Company has reported higher profits in the second quarter of this year, driven by the success of films such as The Avengers. Net income for the three months to June rose 24% to $1.83 billion from the previous year. “We had a phenomenal third quarter, delivering the largest quarterly earnings in the history of our company,” said Robert Iger, Disney’s chief executi…
on maker Wild Turkey, in 1981, followed by Irish Distillers, then brands including whiskey-maker Chivas and cognac producer Martell. Patrick Ricard led a buyout of UK-based competitor Allied Domecq in 2008. The expansion into foreign markets transformed the firm into a major global player generating sales of 7.6 billion Euros ($9.35 billion) in 2011, with some 18,000 staff worldwide. Patrick Ricar…
Aug 18 2012 | Posted in
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…rgan Stanley announced in a memo on Wednesday that it is reviewing Facebook trades and would adjust prices for some retail customers who overpaid After pricing at $38, Facebook’s stock closed up 23 cents on Friday and has been down since. On Wednesday, it closed up $1, at $32, still down nearly 16% from the IPO price. NYSE declined to comment. The news comes as even Facebook CEO Mark Zuckerb…
…vision, was welcomed by her cabinet and Argentine governors. Spain and the EU have already expressed concern at such a state takeover of YPF, in which Repsol has a 57.4% stake. Shares in YPF fell some 18% on Wall Street following the announcement. YPF has come under sustained criticism from the Argentine government, which accuses it of failing to invest enough in local oil fields. Argentina has d…
The NASDAQ exchange saw Facebook shares jumping more than 10% within minutes of making their stock market debut. Facebook shares rose to $42, having been initially priced at $38 each, before falling back to trade flat. Mark Zuckerberg, 28, who started Facebook while at university, remotely opened trading on the Nasdaq earlier. He appeared via a video link from a celebration at the firm’s he…
…island’s owners declined to discuss the value of the lease, citing a confidentiality agreement. The island belongs to John and Sonja Rumble, a South African-born couple who bought the island in 2003 for $1.3 million through their business, Sojourn Properties Pty Ltd. They then gave Pumpkin Island to their son, Wayne, for his 27th birthday, which he now runs with his partner, Laureth Craggy,…
Mar 20 2012 | Posted in
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Costa Cruises, the company operating Costa Concordia cruise ship that ran aground off Italy is facing a class-action lawsuit in the US. Italy’s consumer association Codacons and two US law firms said would file the suit against Costa Cruises on behalf of the passengers. They want at least $160,000 for each passenger on the ship. Meanwhile Italian officials say the search for 21 people still…
Jan 21 2012 | Posted in
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