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Cheaper Homes to See Price Increase Soon

Posted by Matt Smith on Dec 5th, 2012

Lower-priced homes have been hit the most during the burst of the housing bubble. And it looked like they are set to rebound as the housing market recovers. In the 12 months through October, the cheapest homes have seen their prices... More of this article »

U.S. Sees Contraction in Manufacturing for November

Posted by Matt Smith on Dec 3rd, 2012

The manufacturing sector of the U.S. shrank in November and employment weakened, according to new data on Monday. The Institute of Supply Management’s purchasing managers’ index fell unexpectedly to 49.5 during November from October’s... More of this article »

Mexican Court Rules Against Yahoo

Posted by Matt Smith on Dec 2nd, 2012

A Mexican court has ruled that Yahoo is liable for $2.7 billion in damages in a lawsuit over a contract that was disputed between the Internet giant and its former partners over a directories business. An announcement was made on Friday... More of this article »

Investors Sue HP Board and Auditors for Autonomy Deal

Posted by Matt Smith on Nov 28th, 2012

Hewlett-Packard’s directors and auditors as well as Autonomy Corp. founder Mike Lynch were sued by investors over fraud regarding last year’s acquisition of the software company. The lawsuit was filed November 27 in a federal court... More of this article »

Costco announces Special Dividend Prior to Fiscal Cliff

Posted by Matt Smith on Nov 28th, 2012

Warehouse merchant, Costco Wholesale has announced it will have a special dividend of $3 billion before the end of 2012, saving its shareholders from being bit should the increase in taxes take place due to the pending fiscal cliff. The... More of this article »

FedEx and UPS Investigated by Department of Justice

Posted by Matt Smith on Nov 16th, 2012

Fed Ex and UPS announced they both were targets of an investigation by the Department of Justice related to illegal online pharmacies. The pharmacies have become the target of a crackdown by federal investigators and international... More of this article »

Walmart Earnings Increase, but Sales Fall Short

Posted by Matt Smith on Nov 15th, 2012

Walmart Stores Inc., the discount retailer, said on Thursday that its profits for the third quarter had increased by 9%, which beat estimates, but that its revenues had fallen short of Wall Street expectations, while sales for same-store... More of this article »

Microsoft’s Sinofsky Steps Down

Posted by Matt Smith on Nov 13th, 2012

Microsoft’s head of Windows, Steven Sinofsky resigned on Monday. Sinofsky was thought by many to be in line to take CEO Steven Ballmer’s place. However, he left Microsoft on Monday only three weeks after the software giant launched... More of this article »

Japan’s Economy Shrinks

Posted by Matt Smith on Nov 12th, 2012

The Japanese economy contracted during the third quarter. The rate of contraction was at 3.5% at an annualized figure. That ended up sparking concerns that the shrinkage would cause a sustained slowdown across the region. The GDP figures... More of this article »

Automaker Files for Chapter 11 Bankruptcy

Posted by Matt Smith on Nov 7th, 2012

Suzuki announced on Tuesday that it was no longer going to sell cars in the U.S. due to dwindling auto sales. Today it announced it would file for Chapter 11 bankruptcy protection. The Japanese automaker will no longer sell cars under... More of this article »