Verizon Wireless sought to steal GoogleÂ’s thunder on Tuesday as it promised to open its mobile network to all devices and mobile internet applications next year.
NEW YORK/DUBAI (Reuters) - Citigroup Inc (C.N) is selling up to 4.9 percent of itself for $7.5 billion to the Gulf Arab emirate of Abu Dhabi, giving the largest U.S. bank fresh capital as it wrestles with the subprime mortgage crisis and the resignation of its chief executive.
The turbulance in the mortgage market might make other investors turn away from financial stocks, but BloggingStocks'George Yared sees bargains. As long as you understand what you're doing, you can pick some real winners. What stocks to buy? Start with Bank of America, and read on to find out more about the underdogs he likes.
Two years ago, a group of savvy marketers deemed the first workday after Thanksgiving the biggest online shopping day of the year. But e-tailers have long known that the digital dollars don't really start flowing until two weeks after so-called "Cyber Monday."Last year, Wednesday, Dec. 13 was the chart-topper with $667 million in sales, according to research firm comScore (SCOR). And online retailers expect this year will be no different. "The second week of December is our biggest week,"says Scott Savitz, founder and CEO of IAC/InterActiveCorp's (IACI) Shoebuy.com, one of the leading Internet shoe sellers for the past eight years.
DETROIT (AP) - Rising foreclosures will lead to billions ofdollars in lost economic activity next year in the nation's majormetropolitan areas, but homeowners and financial institutions havethe ability to work together to contain the effects, according to areport compiled for the U.S. Conference of Mayors.
A Californian hedge fund has made more than 1,000 per cent return this year by betting against US subprime home loans, making it one of the worldÂ’s best-performing funds of all time.
SAN FRANCISCO (Nov. 26) - Yahoo's payment processing system is suffering periodic outages on Monday that prevent some consumers from completing shopping transactions, according to a company Web site for merchants.
Genetic testing is now available at the drugstore. A company called Sorenson Genomics has started selling a paternity test kit through Rite Aid stores in California, Oregon and Washington. It appears to be the first time a DNA test is being sold through a major pharmacy chain.
