Business

11
Nov
Postal Service to Make Sunday Deliveries for Amazon

The plan covers the New York and Los Angeles metro areas and is expected to expand, and it offers the Postal Service a chance to take profitable business away from rivals. WASHINGTON — The cash-short United States Postal Service, which has failed to win congressional approval to stop delivering mail on Saturdays to save money, has struck a deal with the online retailer Amazon.com to deliver the company’s packages on Sundays — a... [read news]

10
Nov
Analysts split on Netflix stock's continued growth

Subscription serviceNetflix makes money by selling two kinds of subscriptions: a DVD-by-mail service, which made the company a household name but is in long-term decline, and a streaming video platform that generates about 80 percent of revenue. After a ham-fisted attempt to raise prices and split the company in two in 2011, which drove away 800,000 customers, Netflix has rebounded and claims mor Netflix Chief Executive Officer Reed... [read news]

07
Nov
China’s Leaders Confront Economic Fissures

As it prepares for a critical policy meeting, the Communist Party faces a persistent problem: Jobs abound in China, but not the kind young graduates want. WUHAN, China — The two-story employment complex here, like job centers across China, is crowded with educated young people who are trying to figure out their futures in a country where the job market still prizes assembly-line workers willing to labor monotonous hours on backless... [read news]

07
Nov
Twitter Prices Its Initial Offering at $26 Per Share

Twitter’s initial public offering, which values the company at roughly $18 billion, is a sign of its maturity, even as it combats slowing growth. SAN FRANCISCO — Twitter, long protected in its Silicon Valley nest, is about to venture into the more unforgiving world of Wall Street.But as it makes the transition to a publicly traded company, attracting and retaining users has become one of its biggest challenges. Twitter’s... [read news]

07
Nov
U.S. Economic Growth Beat Expectations in Third Quarter

Bolstered by inventory investments and a narrowing trade deficit, the American economy grew more quickly than had been expected in the third quarter, but economists warned the gains could be fleeting. At an annual rate of 2.8 percent, the pace of growth over July, August and September was the fastest since the third quarter of 2012, the Commerce Department said Thursday. It was also well above the 2 percent level economists had... [read news]

01
Jul
News Corporation sells Myspace to Specific Media and Justin Timberlake

News Corporation has sold its social networking website Myspace for a disappointing $35 million. Advertising company Specific Media, together with pop singer Justin Timberlake, are the buyers. The sum they paid is extremely low compared to the price Rupert Murdoch's News Corp paid six years ago to purchase Myspace, but the website has been operating at a loss.  News Corporation paid $580 million for Myspace in 2005, when it was one of the... [read news]

27
May
PayPal accuses Google of stealing trade secrets

Online payment service PayPal and its owner eBay filed a suit against Google on Thursday, accusing the Internet company of having obtained trade secrets from two former PayPal executives and used them to build their new Google Wallet service, which was announced earlier that day.PayPal also started legal action against Osama Bedier and Stephanie Tilenius, two Google executives who had previously worked for the eBay subsidiary. The online payment... [read news]

12
May
PayPal trusted for mobile payments

PayPal is the most trusted service for mobile payments, according to a recent consumer survey.Consumers from nine countries have chosen PayPal as the brand they would most trust to handle their financial data.The survey was conducted by market research company GfK. A total of 8,603 people participated. The research took place in nine countries that are considered important markets for mobile payment systems.The countries in question are the... [read news]

05
May
YouTube founders buy social bookmarking site

Chad Hurley and Steve Chen, the founders of popular video-sharing website YouTube, have acquired the Delicious social bookmarking service. Yahoo announced on Wednesday that they had sold the once popular social bookmarking website to the former YouTube owners, as it didn't fit anymore with the company's new strategy. Delicious is a site that allows users to bookmark and tag their favourite links, as well as share them with other users and... [read news]

20
Apr
Spotify Changes Free Music Service

Last week, digital music service Spotify announced changes to the way their users get to stream free music. The European-based service is about to set limits to free music streaming on their website. The changes, presented in detail on the Spotify blog, will come into effect on May 1st. The main difference from the current service is that users with a free account will only be able to listen to 10 hours of music every month, which is only... [read news]


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Highlights of the month

The Foo Fighters Hit No. 1 in UK Charts

The Foo Fighters Hit No. 1 in UK Charts

Britain's new top-selling album this week is the latest effort by successful...
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Board declares NSA data sweep illegal, says program should be ended

Board declares NSA data sweep illegal, says program should be ended

An independent board tasked with reviewing National Security Agency...
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Andre Villas-Boas: Tottenham sack manager

Andre Villas-Boas: Tottenham sack manager

Tottenham have sacked manager Andre Villas-Boas in the wake of Sunday's...
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YouTube founders buy social bookmarking site

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Daryl Hall talks Rock and Roll Hall of Fame inductions: ‘It’s all political’

Daryl Hall talks Rock and Roll Hall of Fame inductions: ‘It’s all political’

Daryl Hall, the silky voiced singer of Hall & Oates, is very busy these days....
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