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Articles filed under Business

Show Articles : next 20
  • In this May 21, 2012 file photo, television correspondent Sabrina Quagliozzi reports from inside the Nasdaq MarketSite in New York's Times Square. To say that Facebook's debut as a public company was bungled is something like saying Facebook is a website you might have heard of. Either way, itís a colossal understatement.

    Embittered Facebook investors ponder next move May 26, 2012 12:00 AM
    The response from small-time investors over Facebook's debut as a public company has been equal parts frustration, confusion and bitterness. Fed up, some are dumping their shares and accepting the losses. Others, while miffed, are holding on and hoping to ride the stock's eventual success. "I'd rather have my foot in the door and get it squished a little bit," one investor said, "than not have my foot in the door at all."

     

  • IMF chief Lagarde: Little sympathy for Greece May 26, 2012 12:00 AM
    International Monetary Fund chief Christine Lagarde says she has more sympathy for poor African children than Greeks suffering under the country's economic problems and austerity measures. Making clear that the IMF has no plans to relent on its austerity requirements for the country, Lagarde said she was aware that many Greeks were struggling to access services like healthcare because of the country's economic crisis, but believed people in other countries deserved more sympathy.

     
  • A more modern example of the gap between creation myth and reality can be found in the Palo Alto, Calif., garage where William Hewlett and David Packard worked together in 1938 to build custom electronic devices — a legendary partnership that eventually became the Hewlett-Packard Co. Today, that garage is marked with a plaque from the National Register of Historic Places declaring it “The Birthplace of ‘Silicon Valley.’ “

    Lone inventor in the garage? It’s a myth May 26, 2012 12:00 AM
    As Americans, we tend to embrace the notion that a brilliant inventor doesn't need much more than a garage, a sturdy workbench and a dream. From Thomas Edison to Iron Man, our inventor-heroes have been popularly viewed as single-combat warriors working feverishly in a basement or some other threadbare den of solitude.

     

  • iPad makes paper obsolete May 26, 2012 12:00 AM
    I didn't expect to quit paper so easily. Sure, I love technology, but I also love reading, and I've always found paper to be the most pleasurable delivery system for the written word. Until a couple years ago, I consumed the majority of the books I read in print — printed text was easier on my eyes, and I didn't like buying books that were locked up in a format tied to a single device.

     

  • Ships deter pirate stalkers by signaling armed guard’s presence May 26, 2012 12:00 AM
    Ships at risk of attack by Somali pirates are increasingly indicating when they have armed guards on board to deter assailants they suspect are using Internet- based vessel-tracking systems to identify targets."Putting such a statement in the destination field in AIS can be seen as a warning to pirates able to monitor AIS and as a notification to naval forces about the presence of armed guards," Peter Sand, an analyst at the Baltic and International Maritime Council in Bagsvaerd, Denmark, said Monday.

     
  • A staff artist who works under Chinese cartoonist Carol Liu Hong shows the draft of a cartoon at Shanghai Cartoon Communication Group in Shanghai, China.

    Cartoon studio in China faces state clout, global stars May 26, 2012 12:00 AM
    Chinese cartoonist Carol Liu Hong built her studio from scratch, doing postproduction work for TV commercials and then, once she broke even, realizing her dream of creating cartoons for Chinese kids. Breaking into a market dominated by state media companies has been tough — even more so now that Kungfu Panda creator DreamWorks Animation SKG and other big cartoon giants are launching their own local studios.

     
  • The OnLive Desktop app gives you access to Microsoft programs including Word, Excel and PowerPoint, as well as Adobe Reader and a few other programs. You don’t have to already own these programs, but you can’t add other programs to the desktop — it is not saved after each use. Instead, you can upload any file you work on to access it later.

    Review: OnLive Desktop brings the PC to tablets May 26, 2012 12:00 AM
    So you love your iPad, but you wish you could work on Microsoft Office software, watch Flash video and generally have more of a PC-like experience? OnLive Desktop is one way you can. I tried out OnLive Desktop on an iPad 2. The OnLive Desktop app gives you access to Microsoft software such as Word, Excel and PowerPoint, as well as Adobe Reader and a few other programs. You don't need to already own these programs.

     
  • Greg Farris walks while wearing a protective boot as he helps set up for a weekend triathlon event in Lakeland, Fla. Farris injured his foot while running in barefoot running shoes.

    Born to run barefoot? Some end up getting injured May 26, 2012 12:00 AM
    As more avid runners and casual athletes experiment with barefoot running, doctors say they are treating injuries ranging from pulled calf muscles to Achilles tendinitis to metatarsal stress fractures, mainly in people who ramped up too fast. In serious cases, they are laid up for several months. While the ranks of people running barefoot or in "barefoot running shoes" have grown in recent years, they still represent the minority of runners.

     
  • In this Monday, May 7, 2012 photo, Chad Larsen Stauber, center, a student teacher at the Lafayette School in Chicago, works with students Devion Allen, left, and Jovante Ross, on their reading skills. The 26-year-old who just received his master’s degree in education knows that later in 2012, he’ll have to start paying off debt of about $100,000. “This is going to be looming over my head the next 20 years,” Larsen-Stauber says. “You’ve borrowed all of this money and it just comes due all of a sudden. When you’re already going into a low-wage job and you know that a third of your salary is immediately going to be eaten up ... that’s really frightening.” It seems overwhelming, but he says, ìthere never has been a regret in my mind. I knew when I started this program, I was 100 percent sure. ... If there was one job that I ever wanted, it was to be a teacher.”

    Job, economy fears mix with hope for Class of ‘12 May 26, 2012 12:00 AM
    For the Class of 2012, the optimism of graduation is clouded by the uncertain aftermath of the worst economic slide since the Depression. Last year, graduates 24 and younger posted a 9.3 percent jobless rate; since then, there have been signs of progress. Unemployment averaged 7.2 percent during the first third of this year, compared with 9.1 percent in the same period in 2011. And one survey estimates that about 7 percent more new college grads will find work this year than a year ago.

     
  • Bankia’s president, Jose Ignacio Goirigolzarri, looks to his side during a press conference at the bank’s headquarters in Madrid, Saturday. Spain’s troubled bank, Bankia, has asked the Spanish government for $23.8 billion in financial support just as a leading credit rating agency downgraded it to junk status. The request came as Standard & Poor’s downgraded Bankia and four other Spanish banks to junk status because of uncertainty over restructuring and recapitalization plans.

    Spain’s lender Bankia says it won’t need more aid May 26, 2012 12:00 AM
    The president of Bankia tried Saturday to calm fears about the future of the bank, saying Spain's second largest mortgage lender will emerge as a solid financial entity after it receives $29.5 billion in state aid in the country's biggest-ever bank bailout. Bankia and its parent group BFA are prepared to sell a large portfolio of real estate and a "significant package" of companies as part of its efforts to turn itself around, President Jose Ignacio Goirigolzarri told reporters.

     
  • A woman touches pasta in a hotel conference room in Rome, Friday, May 18, 2012. Pasta sales worldwide have grown steadily over the past three years. Pasta is serious business in Italy, and the recent blind taste test organized by the world’s biggest pasta maker, Barilla, drove home that an awful lot of thought goes into making the simple combination of durum wheat semolina and water from which Italy’s national dish is made.

    Pasta is still serious business May 26, 2012 12:00 AM
    Pasta is serious business in Italy, and the recent blind taste test organized by the world's biggest pasta maker drove home that an awful lot of thought goes into making the simple combination of durum wheat semolina and water from which Italy's national dish is made. "The simpler it is, the more testing it takes," said Stefania Fochi, in charge of consumer testing for market leader Barilla, which organized the taste test.

     
  • Silicon Valley has a Facebook hangover. A week after the company’s giant IPO, the social network’s stock is slumping, and there are rumblings that it will sink further still. But it’s not just the share price that’s got the tech industry in the doldrums. Over the last few days — and in some ways even longer, ever since Facebook began its incredible rise — smart people here have been predicting that the social-networking boom would ruin the culture of Silicon Valley.

    Has Facebook ruined Silicon Valley? May 26, 2012 12:00 AM
    Silicon Valley has a Facebook hangover. A week after the company's giant IPO, the social network's stock is slumping, and there are rumblings that it will sink further still. But it's not just the share price that's got the tech industry in the doldrums. Over the last few days smart people here have been predicting that the social-networking boom would ruin the culture of Silicon Valley.

     
  • People are reflected in an advertisement for Internet, chat and email at a state-run computer center in Havana, Cuba. Cuban officials welcomed the arrival of an undersea fiber-optic cable linking the country to Venezuela, which was supposed to boost web capacity 3,000-fold. Even a retired Fidel Castro had hailed the dawn of a new cyber-age on the island. More than a year later, the government barely speaks of the cable anymore and Cuba’s Internet connection is still the slowest in the hemisphere.

    In Cuba, mystery shrouds fate of Internet cable May 26, 2012 12:00 AM
    It was all sunshine, smiles and celebratory speeches as officials marked the arrival of an undersea fiber-optic cable they promised would end Cuba's Internet isolation. More than a year later, the government never mentions the cable anymore. "They did some photo-op ... and then that scandal came out, and then it just disappeared from human consciousness," California State University professor Larry Press said.

     
  • The Falcon 9 SpaceX rocket lifts off from space launch complex 40 early Tuesday at the Cape Canaveral Air Force Station in Cape Canaveral, Fla. This launch marks the first time a private company is sending its own rocket to deliver supplies to the International Space Station.

    With milestone launch, SpaceX aims to make space cheap — and cool May 26, 2012 12:00 AM
    A new era in spaceflight blasted off with the launch of a rocket designed, built and flown by a 10-year-old U.S. company, SpaceX. The rocket lofted an unmanned capsule, which on Friday will become the first commercial craft to attempt to dock with the International Space Station. For NASA, the moment marked a transition. Instead of flying the space shuttle, the agency is now renting rides into space.

     
  • When Kraft revealed that it planned to name its new global snack business ‘Mondelez,’ it caused a minor stir. Kraft was careful to explain that the made-up word is an amalgamation of the Latin word for ‘world’ and ìa fanciful expressionî of the word ‘delicious.’ The linguistic concoction was the result of a four-month long process that reflects the extensive consumer research and vetting names are subject to in the corporate world. It also brings to light the powerful role language can play in shaping appetites and even dictating a brand’s fate. The right name might even persuade consumers to detect phantom homespun qualities in packaged snacks that rolled off a factory conveyor belt.

    Say what? The odyssey of Kraft’s new name May 26, 2012 12:00 AM
    "MONDEWHAAAAT?" The sarcasm was palpable in the one-word headline that appeared in The New York Post on the day after Kraft Foods revealed that it planned to name its new global snack business "Mondelez," an interpretation of a mash-up of the Latin words for "world" and "delicious." But that wasn't the only dig.

     

  • The Soapbox May 26, 2012 12:00 AM
    Daily Herald editors write about Memorial Day, state cuts to municpalities and Google's big purchase in Libertyville. Find out what else is on their minds.

     
  • Donna Summer performs during the finale of “American Idol” at the Nokia Theatre in Los Angeles. Donna Summer’s hit “I Feel Love” is joining The Grateful Dead’s famous 1977 Barton Hall concert as sounds of cultural significance, among 25 additions that are being announced Wednesday, May 23, 2012 by the Library of Congress as part of its National Recording Registry.

    Library of Congress taps 25 sounds for registry May 26, 2012 12:00 AM
    From rare audio interviews of former slaves to recordings by Donna Summer and the Grateful Dead, 25 sounds that shaped the American cultural landscape are being inducted into the National Recording Registry. Summer's 1977 hit "I Feel Love" is joining the Grateful Dead's famous 1977 Barton Hall concert as sounds of cultural significance, among 25 additions by the Library of Congress as part of its registry.

     

  • Icahn spends $785M on Chesapeake Energy stake May 25, 2012 12:00 AM

     

  • Sycamore not ready to pull trigger on Talbots deal May 25, 2012 12:00 AM

     
  • A warning label is attached to a package of Tide laundry detergent packets. The miniature detergent packets arrived on store shelves in recent months, touted as a solution to bulky bottles and messy spills. But doctors across the country say children are confusing the tiny, brightly colored packets with candy and swallowing them. Nearly 250 cases have been reported to poison control centers.

    P&G to add latches to make detergent packs safer May 25, 2012 12:00 AM

     
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