Category Archives: Business

Torrent Spy Ordered to Pay $110m

Torrent Spy Ordered to Pay $110mFile-sharing site TorrentSpy has been ordered to pay $110m (£56m) in damages to the Motion Picture Association of America for copyright infringement. The ruling from a court in the United States comes just weeks after … Continue reading

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Microsoft Will Pursue Independent Path

Gates Says Microsoft Will Pursue ‘Independent Path’ After Failed BidAssociated Press May 7, 2008 5:40 a.m. TOKYO — Microsoft Corp. Chairman Bill Gates said Wednesday the company isn’t pursuing other deals following its withdrawal of its $47.5 billion takeover bid … Continue reading

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Hit Movie “Ironman” Helps Marvel Stock to Soar

Hit Movie Helps Marvel Stock Soar By REUTERS  Shares of Marvel Entertainment, the comic book publisher, soared on Monday after “Iron Man,” its first self-produced film, raked in more than $100 million in ticket sales over the weekend. The company, … Continue reading

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Feds Cracking Down on Credit Card Companies

Feds Cracking Down on Credit Card Companies.  The Federal Reserve plans to crack down on credit card issuers claiming that they charge too many hidden fees and raise interest rates on borrowers unfairly. Two other regulators plan to follow suit, … Continue reading

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Part 2 – Wachovia to Pay $144M Settlement

Part 2 Wachovia to pay $144M settlementFederal regulators accuse the Charlotte, N.C.-based bank of not acting quickly enough to protect customers from telemarketers. Last Updated: April 25, 2008: 5:44 PM EDT _______ Here is a Court Document on one of … Continue reading

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Google Soars

Google Soars Most Since IPO; Profit Trumps Estimates (Update4)By Ari Levy “April 18 (Bloomberg) — Google Inc. posted the biggest gain since its initial public offering after profit trounced analysts’ estimates, spurred by overseas growth and a bigger-than-predicted jump in … Continue reading

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Greenspan Said Today That the U.S. Economy is in Recession

Former Federal Reserve Chairman Alan Greenspan said today that the U.S. economy was in recession, and said it would be appropriate to tap public funds to resolve the mortgage-related crisis that has helped pull the economy under. Greenspan went on … Continue reading

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Home Sales Soar

This is a follow up post to the ones dated March 12 and 14, 08.  In those posts  I mentioned the opportunity in real estate.  Here is a related article: New home prices plunge, sales soar Sharpest decline in price … Continue reading

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Chasing the Bear

If you thought the $2 a share offer for Bear Stearns was kind of low then you are in good company.  This is an example of a behind the door deal that refuses to stay hidden. JPMorgan in Negotiations to … Continue reading

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