[17 May 2012 ]
Oil Prices Fall As Concern Over Iran’s Nuclear Ambitions Are Overshadowed By Europe’s Debt Crisis
Oil prices have dropped in recent weeks as worry over Iran's nuclear ambitions have become overshadowed by concern about Europe's debt crisis and the slowing global economy. But negotiations between Iran and U.N. negotiators continue and, in spite of reports of progress, the outcome is far from certain. At the end of the day, the prediction of Ian Bremmer, president of Eurasia Group is that the most likely outcome is Iran having "a nuclear program with breakout capacity that everybody knows about and that we deal with." Bremmer does not mean by military action when he says, "deal with." In spite of tough rhetoric from both President Obama and GOP Presidential candidate Mitt Romn Read the full story »
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[17 May 2012]
Earlier this year, unknown to all but a couple friends and co-workers, Zuckerberg gave himself a new challenge with unknown ramifications for what is soon to be Silicon Valley’s newest public company. Mark Zuckerberg made a pledge to return to his roots and spend time programming each day. Zuckerberg’s true skill has always been his ability to hack. That is a foundational verb at Facebook, to hack. In its offering details, Facebook describes repeatedly its corporate culture as “the

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[16 May 2012]
Facebook Inc. (NASDAQ:FB) co-founder Eduardo Saverin stands to save approximately $67 million in federal income taxes by dropping U.S. citizenship, according to a Bloomberg analysis of the company’s stock price. Those savings will continue to grow if Facebook’s shares rise. Saverin renounced his citizenship around September and he resides in Singapore, according to his spokesman, Tom Goodman. Thirty-year-old Saverin was part of a small group of Harvard University students who began the

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[15 May 2012]
Attempting to give travelers better—or at least closer—ocean views, Drydocks World, a Dubai-based construction company along with Swiss consulting, engineering, and brokerage firm BIG InvestConsult will construct the Water Discus Hotel, a luxury underwater hotel in Dubai. Poland’s Deep Ocean Technology is the designer of the hotel, encircled by a coral reef, will have twenty-one 2-person rooms with gigantic windows and an underwater diving center. Rooms will be as deep as ten meters b

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[11 May 2012]
Over 200,000 long-term jobless Americans are losing their unemployment checks this week, when 8 states roll off the federal extended benefits program. Almost 1/2 of them reside in California, and the rest live in Florida, Illinois, North Carolina, Colorado, Connecticut, Pennsylvania and Texas. The federal extended benefits program has afforded the jobless with up to twenty weeks of unemployment checks after they have run through their state and their federal emergency benefits, which t
 

Media General Announces Signed Agreements With Warren Buffet’s Berkshire Hathaway (MEG, BRK.A, BRK.B, JRN, GCI)

Media General, Inc. (NYSE:MEG) Billionaire Warren Buffett's company is making its largest foray into newspapers yet, agreeing to buy 63   [Read The Full Story...]

Yahoo! Announced Fred Amoroso Chairman And Ross Levinshohn Interim Chief Executive Officer (YHOO, AAPL, DELL, VCLK)

Yahoo! Inc. (NASDAQ:YHOO) recently announced that the Board of Directors has named Fred Amoroso as Chairman of the Board of Directors an [Read The Full Story...]

Light At The End Of The Housing Tunnel

A handful of housing data this week is supportive of the case that the U.S. housing market might be heading for a recovery. Housing s [Read The Full Story...]

Pioneer Drilling Company Reports Financial Operating Results (PDC, GBR, GOK, GPL)

Pioneer Drilling Company, Inc. (NYSE Amex:PDC) recently reported financial and operating results for the three months ended March 31, 20 [Read The Full Story...]
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